The Asia Pacific IRIS Scanner Market would witness market growth of 11.3% CAGR during the forecast period (2023-2030). In the year 2021, the Asia Pacific market's volume surged to 1,430.5 thousand units, showcasing a growth of 10.8% (2019-2022).
The need for accurate patient identification and record-keeping is driving a boom in scanner demand in the healthcare industry, which is fueling the expansion of the market. Healthcare institutions increasingly recognize the value of iris scanning technology for accurately confirming patient identities, bolstering data security, and expediting patient care processes. Iris scanning provides a trustworthy and non-intrusive identification method for keeping accurate medical records and protecting patient information. The market is growing significantly as healthcare facilities continue to implement these solutions to enhance patient care and security.
The increased demand for biometric authentication solutions in the education sector represents a significant opportunity for this market. Educational institutions use biometric authentication to track attendance, protect campus access, and streamline student identification. This improves security and operational effectiveness, assisting staff and students while fostering a safer learning environment.
With the growing popularity of telemedicine in China, iris scanning technology can be used to verify patients' identities during virtual medical consultations. Iris scanning technology in the healthcare sector in China contributes to better patient care, improved security, and streamlined operations. As per National Medical Product Administration, China published a development plan for the medical equipment industry in December 2021 for the 14th Five-Year Plan period (2021–2025) to improve public health. According to the strategy, the nation wants to hasten the adoption of information technology in the medical equipment sector by 2025, resulting in the development of medical robots and digital health platforms. All these factors will uplift the regional market expansion in coming years.
The China market dominated the Asia Pacific IRIS Scanner Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $544.9 million by 2030. The Japan market is registering a CAGR of 10.6% during (2023 - 2030). Additionally, The India market would showcase a CAGR of 12% during (2023 - 2030).
Based on Component, the market is segmented into Hardware, and Software. Based on Industry, the market is segmented into Consumer Electronics, Military & Defense, Healthcare, Travel & Immigration, Automotive, BFSI, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Global IRIS Scanner Market is Predict to reach $6.4 Billion by 2030, at a CAGR of 10.4%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Dermalog Identification Systems GmbH, M2SYS Technology, ams-OSRAM AG. eyeLock LLC (VOXX International Corporation), Princeton Identity, Inc., CMITech Co, Ltd., HID Global Corporation (Assa Abloy AB), Thales Group S.A., Iris ID, Inc. and IrisGuard Ltd.
By Component
By Industry (Volume, Thousand Units, USD Million/Billion, 2019-2030)
By Country (Volume, Thousand Units, USD Million/Billion, 2019-2030)
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