Palm Vein Scanner Market Growth Drivers and Challenges:
Growth Drivers
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Growing Adoption of Digitalization of Databases- Globally, around 89% of major businesses have already implemented a digital shift in their company. This has increasingly shifted the entire database to online mode. Digital shit has increased the usage of logical access control offered by palm vein scanners to protect sensitive data over the web.
- Increasing Adoption of Biometric Recognition– Biometric recognition, including palm vein screening, are much more reliable than traditional authentication technology, such as PINs and password. This has increased the usage of contactless biometric recognition. A survey of over 490 professionals in Europe and North America stated that nearly 62% of organizations were using biometric identification in 2018, and 24% were added by 2021.
- Advancing Technology of Identification– Anti-spoofing techniques are built into advanced palm vein scanners to detect phony palm patterns or efforts to fool the device. This improves security and helps to avoid fraudulent actions.
Challenges
- Complexity With Integration- The incorporation of the palm vein scanning authentication with the existing infrastructure and systems is quite complex. The complexity increases in the government system and the company that has long-running legacies. These factors slow down the adoption of palm vein scanners.
- More Expensive than Other Alternatives
- Unreliable and Unregistered Scanner
Palm Vein Scanner Market Size and Forecast:
|
Base Year |
2025 |
|
Forecast Period |
2026-2035 |
|
CAGR |
22.2% |
|
Base Year Market Size (2025) |
USD 1.01 billion |
|
Forecast Year Market Size (2035) |
USD 7.5 billion |
|
Regional Scope |
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Browse key industry insights with market data tables & charts from the report:
Frequently Asked Questions (FAQ)
In the year 2026, the industry size of palm vein scanner is evaluated at USD 1.21 billion.
The global palm vein scanner market size exceeded USD 1.01 billion in 2025 and is set to expand at a CAGR of around 22.2%, surpassing USD 7.5 billion revenue by 2035.
The North America palm vein scanner market is anticipated to capture a 36% share by 2035, driven by rising government initiative to secure hospital data and prevent network breaches.
Key players in the market include NEC Corporation, M2SYS Technology, BioSec Group Ltd., Eportation Inc., Mantra Softtech Pvt Ltd., BioEnable Technologies Pvt Ltd., Imprivata, Inc., Recogtech B.V., Neurotechnology, Mofiria Corporation.
