The global healthcare biometrics market will reach $14.5bn by 2025, the completion of its prediction period, according to a market research report conducted by Million Insights.
Healthcare biometrics acceptance and adoption has accelerated in recent years. This is largely due to new healthcare institutional moves such as the digitization of health records (EHR) and the introduction of electronic general practitioners.
These fundamental changes to hospital procedure, along with ever more rigorous patient-data privacy measures, have made healthcare biometrics ever more necessary. With these new guidelines in place, in order to abide by them, professionals will likely need some kind of system to remain compliant. This makes biometrics the logical move looking forward, so its adoption is good not only for the patients, but doctors and nurses too.
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There are a number of single factor biometric types in the market; behavioral recognition such as voice, vein, fingerprint, face, iris and palm geometry. However, the area slated to achieve the greatest compound annual growth rate (CAGR) is multi-factor/multi-modal biometrics. These take into consideration multiple factors and offer safe verification stages and hence are inherently more secure.
While North America has dominated the healthcare biometric market for the most part, up and coming tech hubs in the Asian Pacific, Latin America, the Middle East and Africa have all begun to make progress in the market in the last 2 years. The technology's application to both established and developing healthcare systems is evident and as innovation continues, existing technology will be expanded into simpler, more commercially viable products.