Rising Demand for Secured Healthcare Premises Drive Global Healthcare Biometrics Market despite of Weakened Global Economy 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 report shines ample light on the factors that are responsible for shaping this market for the given forecast period.
According to the report, the global healthcare biometrics market is primarily driven by the increasing requirements for data and location protection. A growing count of theft has left the healthcare industry resorting to a high rate of implementation of the products and services offered by the global healthcare biometrics market. The healthcare industry is a data-sensitive one, especially in the field of insurance and similar services. Therefore, many companies are pushing for a higher usage of biometric systems in order to protect their property. The report explains the advantages that healthcare biometrics can provide, including the ability to verify the identities of medical staff as well as patients before accessing any private data. This can be done with high accuracy and with the least amount of invasion possible. The whole process can help reduce the rate of data loss, fraud, and wastage of resources while ensuring that medical procedures are not interrupted. This can significantly improve the safety, privacy, and quality of a healthcare organization or hospital. Other factors driving the global healthcare biometrics market include the low cost of installation and implementation, along with the low amount of maintenance required to ensure the functionality of biometric systems. This adds greatly to the appeal of the global healthcare biometrics market when compared to the massive losses incurred in the event of data loss or data theft. Browse Full Research Report on Healthcare Biometrics Market: http://www.transparencymarketresearch.com/healthcare-biometrics-market.html The global healthcare biometrics market is currently restrained by the time it might take to gain security clearance, depending on the type of technology used. Older iterations of biometric services may be used in developing economies, which can increase the time taken to access data.