The biometrics as a service in healthcare market size is estimated to be USD 589.71 million in 2022 and is expected to witness a CAGR of 17.86% during the forecast period 2023-2033. Increasing use of mobile devices, rising user numbers, government data security regulations, and expanding demand for efficient fraud detection & prevention solutions in the healthcare sector are factors contributing to the market growth. Furthermore, rising acceptance of biometrics and technological advancements in IoT are other factors supporting the market growth. However, increasing cybercrime targeting medical data and services is expected to hinder the growth.

Rising acceptance of biometrics is expected to fuel the market growth during the projected period. It is due to their cost-effectiveness, simplicity in integrating cloud technology with healthcare services, and high-end assurance and security. The traditional paper-based record management system has been replaced by cloud-based biometrics management in many healthcare companies. The market has experienced a major increase as a result of this change and the technological advancements in cloud infrastructure.

Technological advancements in IoT is predicted to propel the market growth during the forecast period. Touchless biometric identification technologies including face recognition and iris recognition will become significantly more prevalent. Law enforcement agencies, certain governments, and other businesses switched from touch-based biometric authentication to touchless biometric authentication technologies.  As a result, cutting-edge contactless biometrics identification techniques were created and improved using cutting-edge Al and ML technology and algorithms. The expansion of cloud-based biometrics has also been aided by recent advances in IoT and AI technology. The demand for BaaS has grown as more healthcare companies are becoming aware of the importance of monitoring and protecting patient health information.

Segmentation

By Type

The market is categorized into multimodal and unimodal. In 2022, the multimodal segment accounted for the highest revenue share due to the fact that multimodal biometric systems are more precise, cost-effective, and lower data distortion than unimodal ones. The need for multimodal systems is rising due of the extreme complexity of replicating multimodal biometric systems. The person can be authenticated using the other biometric identification even if one is compromised. Healthcare organisations prefer multimodal biometrics over unimodal biometrics due to its considerably higher verification rate. In multimodal biometrics, two identity qualities are combined, like a fingerprint and a face or a fingerprint and an iris. This improves the identification process’ accuracy and efficiency.

By Application

The market is categorized into time recording, site access control, web and workplace, and mobile application. In the global market, the mobile application segment accounted for the largest revenue share in 2022 owing to growing demand for reliable authentication methods in mobile devices. The business of mobile biometrics is also anticipated to grow as a result of the rising frequency of cyberattacks. In the past several years, a number of companies have introduced biometrics-enabled phones as a result of the industry convergence on developing biometric intelligence in mobile devices. Additionally, the introduction of e-passports, rise in mobile transactions, and increasing number of smartphone manufacturers adopting biometric capabilities are all factors boosting the segment’s growth.

By Scanner

The market is segmented into iris recognition, fingerprint recognition, palm recognition, voice recognition, facial recognition, and others. In 2022, the fingerprint recognition segment accounted for the largest revenue share owing to demand for a highly reliable and accurate method for safeguarding critical healthcare data and avoiding errors that might mean the difference between life and death. Fingerprint identification is the most reliable method of identifying due to fact that each person has a unique set of fingerprints. Hospitals can comply with laws requiring the protection of patient privacy around the world, including the Health Insurance Portability and Accountability Act (HIPAA), by using fingerprint biometrics. The facial recognition segment is anticipated to grow at the fastest rate during the forecast period. In contrast to fingerprint or other security methods, facial recognition requires no physical contact and offers an automated, quick, and seamless verification experience, therefore the market is anticipated to grow in the coming years.

Regional Markets

In 2022, North America region accounted for the highest revenue in the biometrics as a service in healthcare market and is expected to maintain its dominance during the forecast period. This is attributed to the increasing use of biometrics as a service in healthcare across numerous healthcare industry verticals. Additionally, the U.S. market is expanding due to the growing use of biometrics in a wide range of industries, including homeland security, law, and the military. The growth of revenue in this region is being driven by large-scale, financially supported initiatives and personnel access monitoring in buildings. The BaaS industry in this region is being fuelled by a variety of significant factors, including the expansion of online transactions, an increase in complex cyberattacks, and high IT security investment. Asia Pacific is anticipated to experience a significant growth rate during the forecast period. The two main factors driving the sales of access control solutions in the Asia Pacific area are rising government spending on security and escalation in terrorist threats. Additionally, China’s developing economy creates a significant demand for security solutions. Increased cyberattacks and the difficulties for both big and small companies in the APAC region to manage and mitigate the risks associated with identity-related intrusions are driving the market’s growth in this region.

Competitor Insights

Some of the key players operating in the biometrics as a service in healthcare market are M2SYS Technology, Suprema, NextGate, Imageware, MorphoTrust USA, Fujitsu, Aware, Inc., Thales, BIO-key International, and Imprivata, Inc.

To achieve a competitive edge, these companies are implementing a variety of growth strategies. Strategic partnerships, alliances, and agreements with different businesses and research institutions are seen to be the main strategies used by companies in this sector.

• The collaboration between the talent management system CLEAR and the non-profit healthcare network Atlantic Health System was formed in June 2021 to enable patients to obtain and share their proof of COVID-19 vaccination via CLEAR’s digital vaccine card and Health Pass.
• The launch of a new product, SoundPass, was announced by RAIsonance, Inc. in August 2021, a technology business based on artificial intelligence/machine learning (AI/ML). SoundPass is a non-medical, biometric technology that uses multi-factor authentication (MFA) to create and maintain a perimeter security bubble around a location or a group of individuals.

This comprehensive research report focuses on the global and regional market size and forecasts of diverse segments including type, application, and scanner from 2023 to 2033.

Report Scope:

Segmentation: Biometrics As A Service In Healthcare Market Report 2022 – 2033

Type (Revenue, USD Million), 2022 – 2033

• Multimodal
• Unimodal

Application (Revenue, USD Million), 2022 – 2033

• Time Recording
• Site Access Control
• Web and Workplace
• Mobile Application

Scanner (Revenue, USD Million), 2022 – 2033

• Iris Recognition
• Fingerprint Recognition
• Palm Recognition
• Voice Recognition
• Facial Recognition
• Others

By Region (Revenue, USD Million), 2022 – 2033

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • France
  • UK
  • Spain
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Rest of APAC
• Latin America
  • Brazil
  • Mexico
  • Argentina
  • Rest of LATAM
• Middle East & Africa
  • South Africa
  • Saudi Arabia
  • Rest of MEA