The report of Global Healthcare Biometrics Market by technology (single-factor authentication, multi-factor authentication, multimodal authentication), application (patient identification & tracking, medical record security & data center security, care provider authentication, home/remote patient monitoring, pharmacy dispensing and others (includes narcotic security and counter insurance frauds)), application (hospitals & clinics, healthcare institutions, and research & clinical laboratories), and Region (North America, Europe, Middle East & Africa, South America, Asia Pacific) is expected to reach US$ 15.80 Bn by 2027, at a CAGR of 24.50% during a forecast period.
The government initiatives are expected to increase the adoption of biometrics in healthcare.
The risk of data breaches in the healthcare industry has increased in current years because of the rapid digitization of healthcare data. Governments in various countries have implemented legislation to address patient data-related security concerns. A shift in the regulatory scenario in the North American region has resulted in increased demand for efficient security measures to comply with the norms. The biometric technologies are the most accurate and convenient method, which helps to ensure security. The adoption of biometrics technologies has significantly increased the enactment of legislations. Additionally, the US is the pioneer in the adoption of biometric technologies in healthcare facilities.
North America region is estimated to contribute a XX% share in the global healthcare biometrics market.
By region, the global healthcare biometrics market is segmented into North America, Europe, Middle East & Africa, South America, and the Asia Pacific. Among these, the North America region is estimated to hold the dominant position during the forecast period. The region held a more than 40% share in 2019 because of the high number of frauds and crimes occurring in the healthcare sector. The presence of a high incidence of fraudulent activities is increasing the adoption of healthcare biometrics to gather patient data and registration data. The existence of innovative healthcare facilities like hospitals and clinics are expected to boost regional market growth.
Key players operating in the Global Healthcare Biometrics Market include Fujitsu Limited, 3M Cogent, Inc., NEC Corporation, Morpho, Lumidigm, Imprivata, Inc., Bio-Key International, Inc., Crossmatch Technologies, Inc. Zkteco, Inc.and Suprema, Inc.
Maximize Market Research, a global market research firm with a dedicated team of specialists and data has carried out extensive research about the Global Healthcare Biometrics Market. The report encompasses the market by different segments and regions, providing an in-depth analysis of the overall industry ecosystem, useful for making an informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics and future opportunities that might exist in the Global Healthcare Biometrics Market. The driving forces, as well as considerable restraints, have been explained in depth. In addition to this, competitive landscape describing the strategic growth of the competitors has been taken into consideration for enhancing market know-how of our clients and at the same time explain Global Healthcare Biometrics Market positioning of competitors.
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