Healthcare Biometrics Market Worth to Outgrow by USD 10749.54 million By 2027
Posted On September 09, 2021
According to the research report by Value Market Research, the Global Healthcare Biometrics Market is likely to grow to USD 10749.54 million by 2027 with a CAGR of 20% during the year 2021-2027. Healthcare Biometrics is developing due to rising awareness about patient safety and security, increased use of biometrics devices in the healthcare sector, and expanding healthcare infrastructure. Increased fake identity and data breach incidents in healthcare biometric technologies give healthcare providers and medical data centre operators accurate, efficient, and convenient solutions, resulting in market growth. More substantial government investment in the same sector, owing to an increase in healthcare fraud and increased security for securing healthcare information, is also driving the Healthcare Biometrics market. Furthermore, the convenience given by contactless biometric systems and the implementation of such systems by significant firms has been propelling the global healthcare biometrics market forward. The rising number of new healthcare facilities, such as hospitals and clinics, could majorly drive this market's expansion. However, the overall expansion is hampered by high installation costs, costly maintenance, and data security threats in biometric systems.
A biometric device uses biometrics to identify and authenticate people. When it comes to securing personal medical data, records, and patients' privacy, security has always been a top priority in the healthcare industry. Biometric devices help identify and monitor patients and keeping track of all medical records. These types of equipment examine a user's biological data by recording unique physical human attributes and using them as a future reference for identification. Biometrics are used to provide precise patient identification and monitoring at doctor's offices, hospitals, and other healthcare settings. The core components of biometric identification systems are a scanning device or reader, software to transform scanned data to digital format, and a database to store biometric data for comparison with those entered.
"Global Healthcare Biometrics Market Report By Technology (Face Recognition, Iris Recognition, Hand Recognition, Voice Recognition, Fingerprint Recognition, Vein Recognition, Signature Recognition), By Application (Patient Identification & Tracking, Medical Record Security & Data Center Security, Care Provider Authentication, Home/Remote Patient Monitoring, Pharmacy Dispensing, Others) And By Regions - Industry Trends, Size, Share, Growth, Estimation And Forecast, 2021-2027" is an elaborate report providing market data on the basis of segments and geography.
On the basis of technology the market is segmented into Face Recognition, Iris Recognition, Hand Recognition, Voice Recognition, Fingerprint Recognition, Vein Recognition, Signature Recognition. By application the healthcare biometrics market is categorised as Patient Identification & Tracking, Medical Record Security & Data Center Security, Care Provider Authentication, Home/Remote Patient Monitoring, Pharmacy Dispensing, Others (Includes narcotic security and counter insurance frauds).By geography the report is bifurcated into North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Healthcare Biometrics is the dominating region. The data tables in this section depict the market estimate by market segment.
The Report Segments Global Healthcare Biometrics Market -
- Face Recognition
- Iris Recognition
- Hand Recognition
- Voice Recognition
- Fingerprint Recognition
- Vein Recognition
- Signature Recognition
- Patient Identification & Tracking
- Medical Record Security & Data Center Security
- Care provider authentication
- Home/remote patient monitoring
- Pharmacy dispensing
- Others (Includes narcotic security and counter insurance frauds)
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
Players Profiled In the Report:
NEC Corporation, Fujitsu, 3M, MorphoTrust, Imprivata, Inc., Hitachi Ltd., Suprema, Crossmatch, BIO-key International, Hitachi Ltd., Integrated Biometrics, Genkey Solutions B.V., Agnitio, Qualcomm Technologies, Inc, Suprema, and Nuance Communications, Inc.
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