According to a new report, published by KBV research, The Global Biometrics As a Service in Healthcare Market size is expected to reach $2.4 billion by 2031, rising at a market growth of 17.5% CAGR during the forecast period.
The Services segment is anticipating a CAGR of 19% during (2024 - 2031). Service providers provide consultancy and advising services to healthcare companies, assisting them in assessing their security requirements, evaluating biometric authentication technologies, and developing implementation strategies consistent with their business objectives and regulatory requirements.
The Fingerprint Scanning market dominated the Global Biometrics As a Service in Healthcare Market by Solution Type in 2023; thereby, achieving a market value of $1 billion by 2031. Fingerprint scanning solutions offer convenience and accessibility for healthcare providers, administrators, and patients by providing seamless and frictionless authentication experiences. The proliferation of biometric scanners, fingerprint readers, smartphones, and tablets has facilitated the development of fingerprint scanning solutions that enable users to authenticate with their fingerprints easily and efficiently, eliminating the need for complicated passwords or tokens.
The Unimodal segment is registering a CAGR of 18.2% during (2024 - 2031). Unimodal biometric authentication offers an intuitive and convenient user experience, enabling healthcare providers, administrators, and patients to seamlessly access healthcare systems and services. By eliminating the need for complex passwords or tokens, unimodal biometric solutions simplify authentication processes, reduce login friction, and enhance user satisfaction, leading to greater user acceptance and adoption of BaaS in healthcare.
The Medical Record Security & Data Center Security segment is leading the Global Biometrics As a Service in Healthcare Market by Application in 2023, achieving a market value of $688.9 million by 2031. Biometric authentication solutions help mitigate insider threats and unauthorized access by monitoring and auditing user activities, enforcing access policies, and detecting suspicious behavior patterns. By capturing biometric data during authentication events, healthcare organizations can establish a comprehensive audit trail of user interactions with medical records and data center resources, enabling proactive threat detection and response to potential security incidents.
The Ambulatory Surgical Centers segment is showcasing a CAGR of 19% during (2024 - 2031). Biometric authentication solutions streamline patient identification and registration processes in hospitals and clinics, reducing administrative burdens, paperwork, and wait times. Hospitals and clinics may ensure continuity of care and boost patient satisfaction by precisely identifying patients, verifying their identities, and connecting them to their medical records through collecting biometric data during patient check-in.
Full Report: https://www.kbvresearch.com/biometrics-as-a-service-in-healthcare-market/
The North America region dominated the Global Biometrics As a Service in Healthcare Market by Region in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $870.6 million by 2031. The Europe region is experiencing a CAGR of 17.1% during (2024 - 2031). Additionally, The Asia Pacific region would exhibit a CAGR of 18.3% during (2024 - 2031).
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