Healthcare Biometrics Market Outlook 2028

1. Healthcare Biometrics Market Outlook 2028 The global healthcare biometrics market was valued at US$22.92 Bn in 2020 It is estimated to expand at a CAGR of 15.5% from 2021 to 2028 The global healthcare biometrics market is expected to reach the value of US$74.08 Bn by the end of 2028 Analysts’ Viewpoint on Healthcare Biometrics Market Scenario Biometrics provides healthcare professionals and patients to secure their information and keep it confidential by only being released such information to those who have the rightful access to it. Healthcare organizations are investing in biometric technologies in order to increase security, privacy, and improve patient safety and thus, compensate the huge amount money lost in healthcare frauds. Majority of the healthcare biometrics market leaders is domiciled in the U.S. and aggressively involved in emerging markets coupled with showcasing their cost and safety related advantages thereby increasing their adoption in such regions. Technological advancements in medical devices, lucrative presence of manufacturers, and digitalization help product manufacturers to stay ahead of the competition in the healthcare biometrics market. Increasing Demand for Security in Healthcare Sector Security has always remained a vital concern in the healthcare sector when it comes to safeguard confidential medical data, records, and patients’ privacy. Biometric devices analyze biological data of a user by capturing unique his or her physical human features and use them as a future reference (template) for user’s identification. Healthcare facilities across the globe are increasingly shifting their focus on implementing biometric security solutions for patient identification and their linking to electronic health records system to the respective patients. Integrity of patient identity, efficient and safe data recording, control on medical frauds, and reduction in inventory theft are some of the distinct advantages offered by biometrics. Biometrics allows matching of a patient to his records with minimal possibility of errors and avoids mixing up of patient information, which can have serious consequence on the health and wellbeing of such patients. Moreover, factors such as culmination of false patient identity, patient protection, and reduction of the overburden of medical frauds and security of medical records have urged those in the healthcare industry to opt for biometrics. Report Overview:https://www.transparencymarketresearch.com/healthcare-biometrics- market.html

2. Request a sample to get extensive insights into the Healthcare Biometrics Market Increasing Adoption of Fingerprint Recognition Technology to Drives Healthcare Biometrics Market Basic components of biometric identification systems consist of a scanning device or a reader, software to convert the scanned information into digital form and a database to store the biometric data for comparison with entered biometric data. A variety of human features such as fingerprint, face, iris, vein, voice, hand, and signature seem to reveal several potential attributes for biometric authentication. Availability of fingerprint recognition devices and adoption of portable fingerprint scanners in healthcare are factors driving the demand for the fingerprint technology, thus expanding the healthcare biometrics market. Use of biometrics with the help of these physical characteristics, along with logical or physical access or both together has found a worldwide use in the healthcare sector. However, improper storage of medical data may pose a threat of invasion of the user’s identity and thus, challenge patient security. Biometric solutions facilitate the provision restricted access to rooms or computer network systems from unauthorized access. Request Sample: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=615 To understand how our report can bring difference to your business strategy, Ask for a brochure Technological Advancement in Biometric Devices to Drive Global Market The use of multimodal biometric system, which combines different types of biometric methods, such as combining facial and iris recognition is currently rapidly progressing trend. Biometrics is a promising and a fast growing segment in the field of next generation personal authentication & security systems and changing the perception and look of the healthcare industry. Companies investing heavily in developing automated biometric systems with improved accuracy and response time may gain greater benefits in the near future. Introduction of new products with reduced cost and showcasing advantages & advanced capabilities of biometric security solutions at various conferences, laboratories, trade shows, web casting, and electronic newsletters is further boosting the growth of new competitors in the healthcare biometrics market.

3. Stuck in a neck-to-neck competition with other brands? Request a custom report on Healthcare Biometrics Market Lucrative Growth Opportunities for North America Market Players The North America healthcare biometrics market is expected to account for the largest share of the global market. This can be attributed to the extensive implementation of healthcare fraud controlling systems and enforcement of in the U.S. Availability of advanced healthcare infrastructure and technological advances are expected to drive the North America healthcare biometrics market in the upcoming years. Growing acceptance of biometrics in by major medical fields and its verified efficiency in hospitals, clinical laboratories, research labs, and other healthcare facilities drives the market for healthcare biometrics in North America. Factors such as reduction in healthcare frauds, secured patient privacy and medical records, decline in fake insurance claims reduction in identification and reimbursement processing, cost containment of the biometric devices, and introduction of cheaper products with better accuracy will result in rapid adoption of biometrics security solutions in healthcare sector in the emerging markets. Enquiry Before Buying: https://www.transparencymarketresearch.com/sample/sample.php?flag=EB&rep_id=615 Healthcare Biometrics Market: Overview Biometrics is used to identify and authenticate an individual’s identity by his or her biological characteristics or traits This technology is utilized in the healthcare industry for the verification and access control of patient and medical staff Use of biometric identity solutions helps prevent and minimize healthcare fraud and resource wastage, while also improve healthcare safety, quality, and patient privacy Rapid technological advancements in healthcare infrastructure, increasing accuracy and performance levels, along with reduced complexity and cost of biometric devices are some of the major factors driving the adoption of biometrics in healthcare Rise in preference to reduce healthcare expenditure by minimizing the risk of security breaches and medical identity thefts with the use of biometrics fuels the acceptance of biometric systems in the healthcare industry worldwide Financial Benefits Offered by Healthcare Biometrics In addition to provision of data and identity integrity by the use of biometrics, this technology is also instrumental in saving billions of dollars every year

4. This is facilitated by curtailing the costs availed by healthcare providers in correction and mitigation of operational and administrative errors Healthcare providers have begun to place more emphasis on the adoption of modern quantification technologies that would increase the accuracy of patient identification and thereby avoid errors, as modern healthcare providers have increased their focus on improving patient safety and thereby intensified their efforts to quantify the cost of avoidable medical errors Increase in exchange of healthcare information is fuelling the need for harmonization of this data exchange, particularly in heterogeneous administrative systems. Duplication of medical records and mismatch of patient and records is efficiently avoided by engaging a unique biometrics template linked to the record keeping system Practical Alternative to Passwords Appropriate adoption and use of biometrics has proved to be an efficient alternative to password protection Passwords are recognized as a relatively weaker method of identification, with a large number of instances of lost or forgotten passwords Passwords have a high convenience and portability in use, thus becoming the most common method of person authentication However, biometrics efficiently overcomes the common drawbacks of password authentication by combining both better security and user convenience, as the user does not have to carry any special device or remember passwords all the time North America to Dominate Healthcare Biometrics Market North America is expected to remain a prominent market for healthcare biometrics technologies Currently, North America, along with Europe account for more than 75% share of the global market. In the developing world, Asia Pacific is estimated to provide significant opportunities for biometrics security solutions in the healthcare sector due to budding domestic and export markets for nationally produced biometric devices. Major Players Some of the major companies currently active in the healthcare biometrics market include o3M Cogent, Inc. oBio-Key International, Inc. oDigitalPersona, Inc.

5. oNEC Corporation oM2SYS LLC oCross Match Technologies, Inc. oSuprema, Inc. oSiemens AG. Each of these players has been profiled in the healthcare biometrics market report based on parameters such as company overview, financial overview, business strategies, application portfolio, business segments, and recent developments About Transparency Market Research Transparency Market Research registered at Wilmington, Delaware, United States, is a global market research company providing custom research and consulting services. TMR provides in-depth insights into factors governing demand in the market. It divulges opportunities across various segments based on Source, Application, Sales Channel, and End- Use that will favor growth in the market over the next 9 years. Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports. For More Research Insights on Leading Industries, Visit Our YouTube Channel and hit subscribe for Future Update - https://www.youtube.com/channel/UC8e-z-g23-TdDMuODiL8BKQ Contact Rohit Bhisey Transparency Market Research Inc. CORPORATE HEADQUARTER DOWNTOWN, 1000 N. West Street, Suite 1200, Wilmington, Delaware 19801 USA Tel: +1-518-618-1030 USA – Canada Toll Free: 866-552-3453

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