Healthcare Biometrics Market, by Application (Logical Access Control, Transaction Authentication, and Physical Access Control), by Technology (Face Recognition, Iris Recognition, Hand Recognition, Voice Recognition, Fingerprint Recognition, Vein Recognition, and Signature Recognition), by End User (Hospitals, Clinics, Clinical Laboratories, and Healthcare Institutions), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa)- Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030
Biometrics are used extensively in industries such as construction, financial services, hospitality, government, and corporate settings. In the healthcare sector, biometrics finds applications in access control and data security. Healthcare organizations, mainly clinical research organizations, diagnostic laboratories, health insurers, manufacturing companies, and hospitals, are potential users of biometric technology. Healthcare IT products and systems have high demand in emerging economies such as India, China, Brazil, and Indonesia, owing to the rapidly expanding healthcare sector and infrastructure in these countries. These factors are expected to drive the growth of the healthcare biometrics market in the Asia Pacific, Latin America, and Middle East regions.
Market Dynamics
Technological advancements in the healthcare biometrics market are expected to drive the growth of the global healthcare biometrics market. For instance, in May 2021, Imprivata, the digital identity company for healthcare, together with technology partners Aware, a provider of biometrics products and solutions, and IDEMIA, a multinational technology company, introduced an innovative mobile facial recognition solution, taking advanced security technology and enhancing and simplifying it for application for unique healthcare requirements. The mobile facial recognition solution will help healthcare organizations improve security and compliance, substantially simplify usability and workflow, and advance their digital identity strategy.
However, data security breaches such as data-hacking are expected to hamper the market growth. For instance, in 2021, according to Check Point Research, cyber-attacks increased 50% year-over-year, with each organization facing 925 cyber-attacks per week globally. As per the statistics, businesses witnessed 50% more attacks per week in 2021 compared to 2020. The Log4J vulnerability was one of the major contributors to the significant rise in malicious activities in 2020.
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