Global Healthcare Biometrics Market to Reach US$5.8 bn by 2019, Boosted by Major Security Concerns and Data Privacy Needs The global healthcare biometrics market is likely to exhibit a highly positive CAGR of 25.90% within the forecast period of 2013 to 2019. Its value was recorded at US$1.2 bn in 2012 and is expected to reach US$5.8 bn by the end of 2019. This data is published in a research report released by Transparency Market Research, titled “Healthcare Biometrics Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 – 2019.” The 97-page report shines ample light on the factors that are responsible for shaping this market for the given forecast period. Security is one of the primary concerns of the healthcare industry when it comes to safeguarding patient’s privacy, confidential medical records, and data. In the modern healthcare industry, which is becoming increasingly digitalized with every passing day, the issue of security has become even more critical.
Most of the medical data that was earlier contained on papers and manual file entries is now uploaded in digital servers and databases, making the data more vulnerable to security breaches and thefts. But the digital world has also helped improve the overall security of the healthcare infrastructure by the virtue of technologies such as biometric authentication. Biometric authentication systems include a set of devices that analyze global healthcare biometrics market of users by capturing the most unique features related to the person’s physical traits and using them for authenticating the identity of the person. A variety of human features such as fingerprints, iris, voice, face, hands, and signature help in revealing a number of potential attributes that can be used for biometric authentication. The use of biometrics system that identifies an authorized person with the help of aforementioned physical attributes along with systems for logical or physical authentication are commonly used to allow or prohibit access to healthcare facilities. The use of these systems has helped in making healthcare infrastructure more secure around the world. The prominent factors which fuel the global healthcare biometrics market are the growing demand for practical alternatives to passwords, the pressing need for bringing down the incidence of healthcare frauds, and the financial benefits offered by healthcare biometrics. Biometrics devices capture certain physical features of users for future reference for the purpose of identification. A typical biometric devices is composed of the following: software for converting the scanned data into a digital format, a reader or a scanning device, and a database
which stores the relevant biometric information for the purpose of comparison with the biometric data that has already been entered. Browse Full Research Report on Healthcare Biometrics Market: http://www.transparencymarketresearch.com/healthcare-biometrics-market.html On the basis of technology, the global healthcare biometrics market is segmented into signature recognition, vein recognition, fingerprint recognition, voice recognition, hand recognition, iris recognition, face recognition, and other techniques. The growing popularity of biometric selfservice in healthcare and palm vein biometric authentication are factors that will drive the global healthcare biometrics market in the years to come. The widening scope of application in this market will contribute significantly to the overall performance of the healthcare biometrics market during the forecast period. The growing acceptance and adoption of biometrics in areas such as healthcare facilities, research laboratories, clinical laboratories, and hospitals is expected to fuel the global healthcare biometrics market in the forecasting horizon. However, factors such as security and convenience trade-off and the storage of biometric template will hinder the growth of the global healthcare biometrics market in the forthcoming years. North America is the largest regional player in the global healthcare biometrics market, owing to factors such as the strict implementation of rules such as the Health Insurance Portability and Accountability Act (HIPAA), and the widespread implementation of healthcare fraud and control systems. Companies mentioned in the research report Following are the key players operating in the global healthcare biometrics market: ZKTeco Inc., Suprema Inc., Siemens AG, Safran SA, NEC Corporation, M2SYS LLC, Lumidigm Inc., Fujitsu Ltd., DigitalPersona Inc., Cross Match Technologies Inc., Aware Inc., and 3M Cogent Inc. amongst others.
Browse Full Press Release on Healthcare Biometrics Market: Press Release
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