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The gait biometrics market size is estimated to grow at a CAGR of 10.16% between 2022 and 2027. The market size is forecast to increase by USD 50.91 million. The growth of the market depends on several factors, including the growing potential of gait biometrics for elderly care, contactless biometrics, and the increased R and D spending by vendors. Gait biometrics is used to measure body movement, force, and pressure. It is used to identify, track, and treat individuals by understanding their body movements and pressure.
This gait biometrics market report extensively covers market segmentation by end-user (healthcare, sports, security, and research), type (assessment, treatment, and monitoring), and geography (North America, Europe, APAC, South America, and the Middle East and Africa). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
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The growing potential of gait biometrics for elderly care is driving the market growth. To track and treat elderly patients, the healthcare sector is adopting gait biometric systems. With the increasing geriatric population and age-related diseases and conditions being prevalent, there is a need for developing new healthcare delivery systems. Gait biometrics are especially important as they help in the automation of certain care pathways by intelligent tracking of biometric information and early diagnosis of diseases.
Additionally, the incorporation of AI is further enhancing its abilities for fall detection, home health monitoring, and virtual companions such as elderly care robotics. Gait biometrics is also an increasingly appealing means to meet the requirements for visual surveillance and monitoring systems in security-sensitive environments, such as banks and airports. Other biometrics like face, fingerprint, and iris, require proximity for operating while gait can be visible from a distance. Hence, these factors are likely to contribute to market growth during the forecast period.
The growing popularity of gait authentication apps in smartphones is a key trend in the market. This is particularly observed among trainers and athletes for enhancing performance and monitoring physical status. Hence, app developers have incorporated gait authentication capabilities like GaitAnalysisPro and Gaitometer on Apple's iTunes store. They can be used to analyze steps while running or walking.
Additionally, gait authentication can further enhance security measures. The usage of smart locks can ensure that doors unlock only if both the gait signature and smartphone-authorized access match. Additionally, it is useful for vehicles and travel, other features likely to boost the growth of the market during the forecast period.
The increasing total cost of ownership is challenging market growth. It includes implementation and maintenance costs for large-scale operations. The CAPEX or capital expenditure for installing and setting up such hardware and software along with the required costs for managing databases and issuing identity documents can be very high.
Additionally, other hidden costs arise to the absence of a global standard for gait biometrics. This can increase buyers’ costs as they might have to alter their existing infrastructure for the incorporation of newer technologies. Additionally, they might not have the necessary funds to test these solutions prior to installation resulting in possibly being unsuccessful. The company would incur massive losses due to large capital expenditure costs. Hence the above factors are likely to boost market growth during the forecast period.
The market share growth by the healthcare segment will be significant during the forecast period. It is currently in its nascent stage and has massive growth potential, especially as developing countries also adopt gait biometric systems. Due to the increased requirement to cut down on costs, hospitals and clinics and other healthcare providers are increasingly adopting gait biometrics to help automate patient health tracking in real-time. This helps improve operational efficiency and reduces costs incurred simultaneously.
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The healthcare segment shows a gradual increase in the market share of USD 20.62 million in 2017 and continue to grow by 2021. Repetitive tasks could be automated by gait biometrics enabling patients to self-service their care needs. Additionally, it is also used by pathology labs for the identification of medical symptoms and the rehabilitation of patients with cerebral palsy and stroke. Additionally, robots like the Manus assistive robotic manipulator help patients recover and improve mobility by practising movements after an injury. hence this segment of the market is expected to witness increased demand during the forecast period.
The assessment segment dominated the global gait biometrics market by type in 2022. The high prevalence of gait disorders in the geriatric population shall boost demand from this segment. Moreover, the prevalence of gait disorders increases with age, from about 15% at age 60 to about 82% at age 85, as per the ClinMed International Library. For treating pathological conditions gait patterns like the Parkinsonian shuffle are being increasingly used. Hence the above factors shall increase the growth of this segment of the market during the forecast period.
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North America is estimated to contribute 32% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
In North America, the US and Canada are prominent with high use in the healthcare, sports, research, and rehabilitation sectors. Applications in the healthcare industry include new therapies, diagnostics, and therapeutic treatments. Factors like numerous healthcare companies and rehabilitation centres, immense government expenditure for national defense, and adoption by the transportation, healthcare, and BFSI sectors are boosting the market growth. For instance, the US Government has invested in Persistent Aerial Reconnaissance and Communications (PARC), an automated drone that helps in high-quality imaging and drone-based surveillance. Such developments are likely to result in growing regional demand for the gait biometrics market during the forecast period.
The COVID-19 outbreak resulted in lower demand from various industries like healthcare and sports due to them completely ceasing operations. However large-scale government-driven vaccination drives and the eventual easing of restrictions helped in regional market recovery. Moreover, with increasing technological advancements in the region and increased adoption by end users, the market is likely to further expand during the forecast period.
The Gait Biometrics Market report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Gait Biometrics Market Customer Landscape
Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
BioSensics - The company offers gait biometrics such as LEGSys and BalanSens.
Bodytech Australia Pty. Ltd. - The company offers gait biometrics such as VX1 Mill, Foot pressure trademill.
CIR Systems Inc. - The company offers gait biometrics for clinical and research use.
The research report also includes detailed analyses of the competitive landscape of the market and information about 12 market vendors, including:
Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.
The gait biometrics market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
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Gait Biometrics Market Scope |
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Report Coverage |
Details |
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Page number |
156 |
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Base year |
2022 |
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Historic period |
2017-2021 |
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Forecast period |
2023-2027 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 10.16% |
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Market growth 2023-2027 |
USD 50.91 million |
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Market structure |
Concentrated |
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YoY growth 2022-2023(%) |
9.25 |
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Regional analysis |
North America, Europe, APAC, South America, and Middle East and Africa |
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Performing market contribution |
North America at 32% |
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Key countries |
US, Canada, China, UK, and Germany |
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Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
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Key companies profiled |
BioSensics, Bodytech Australia Pty. Ltd., CIR Systems Inc., Innovative Sports Training Inc., Mar Systems Ltd., Medical Motion LLC, MindMaze SA, Motek Medical BV, Motion Analysis Inc., Noraxon USA Inc., Qualisys AB, and Tekscan Inc. |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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