Healthcare Biometrics Market to Gather Steam amidst Security Breaches and Medical Thefts

Healthcare Biometrics Market to Gain Momentum in the Wake of Patient Data Theft, says TMR The need to protect critical medical records and data in the healthcare sector has increased the demand for alternative solutions to passwords. Biometrics is the most significant solution to curb the risk of data theft as biometric systems capture a unique physical feature of an individual, analyze it, and store them for future reference. The rising opportunities in the healthcare sector regarding the use of self-service biometric system are expected to bolster future growth prospects for the healthcare biometric market. According to a report published by Transparency Market Research, the global healthcare biometrics market is projected to expand at a 25.9% CAGR between 2013 and 2019. The global healthcare biometrics market was valued at US$1.2 bn in 2012 and is expected to reach US$5.8 bn by 2019. What factors lead to increasing deployment of biometric systems across the healthcare sector? The adoption of biometric system in the healthcare industry will not only prevent frauds but will also minimize data loss and wastage of resources. It will also enhance the safety, quality, and

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Healthcare Biometrics Market to Gather Steam amidst Security Breaches and Medical Thefts

Published on Aug 2, 2016

MarketTrends

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.