openPR Logo
Press release

Healthcare Biometrics Market: Making Healthcare Industry Safer

Security has always remained a vital concern in 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. The 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. 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 are facilitates the provision restricted access to rooms or computer network systems from unauthorized access.

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 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. 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.

Even with the ongoing struggle in the economy, especially in the European and Asian countries, 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. 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 and advanced capabilities of biometric security solutions at various conferences, laboratories, trade shows, web casting and electronic newsletters is further boosting the growth of new market competitors.

Geographically, North America dominates the global healthcare biometrics market owing to extensive implementation of healthcare fraud controlling systems and enforcement of legislations such as HIPAA (Health Insurance Portability and Accountability Act) in the U.S. Furthermore, majority of the market leaders are domiciled in the U.S. and are aggressively involved in technological advances, eventually introducing new biometric devices and products in the global market. Well established market players are also increasingly pushing their cost effective products in emerging markets coupled with showcasing their cost and safety related advantages thereby increasing their adoption in such regions. 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.

Request free Sample pages of premium Research Report : http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=615

Moreover, factors such as reduction in healthcare frauds, secured patient privacy and medical records, reduction 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. 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 and security systems and is changing the perception and look of healthcare industry.

Transparency Market Research (TMR) is a U.S.-based provider of syndicated research, customized research, and consulting services. TMR’s global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

Contact us:
Transparency Market Research
90 State Street,
Suite 700,
Albany
NY - 12207
United States
Tel: +1-518-618-1030
USA - Canada Toll Free 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com/

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Healthcare Biometrics Market: Making Healthcare Industry Safer here

News-ID: 352367 • Views:

More Releases from http://www.transparencymarketresearch.com/healthcare-biometrics-market.html

Healthcare Biometrics Industry to Gather Steam amidst Security Breaches and Medi …
Security has always remained a vital concern in 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. The basic components of biometric identification systems consist of a scanning device or a reader, software to convert the scanned

More Releases for Biometric

Biometric ATM Market Growing Penetration and Adoption of Voice Biometric Solutio …
The global biometric ATM market size is expected to be valued at US$ 1,960.5 million in 2022 and grow at a CAGR of 30.3% over the forecast period. Biometric ATMs are self-service automated teller machines (ATMs), or cash machines, that use a biometric measure to identify customers and allow them to withdraw cash. Biometric authentication may be the only customer identifier used, or it may be used in conjunction with
Mantra's fingerprint scanners now support biometric log-in with Windows Biometri …
Mantra Softech, one of the leading Biometrics and RFID solutions companies, has recently announced that its three fingerprint scanners i.e. MFS500, Mapro CX, and Mapro OX, drivers now support Windows Biometric Framework and work with "Hello" for login in windows 8.1 and 10 with fingerprint authentication. The WBF has a set of services and interfaces to support the development and management of biometric devices. This framework provides compatibility with biometric services
Healthcare Biometric Market, Worldwide, 2030
The “Healthcare Biometric Market Analysis to 2030” is a specialized and in-depth study of the Healthcare Biometric industry with a focus on the Healthcare Biometric market trend. The report aims to provide an overview of the Healthcare Biometric market with detailed market segmentation by component, application, end-user, and geography. The Healthcare Biometric market is expected to witness high growth during the forecast period. The report includes key statistics on the
Ahmedabad-based leading Biometric firm Mantra Softech launches the portable biom …
With the increasing security concerns and rise in the deployment of biometric fingerprint, facial and iris recognition devices, several verticals are making a smart move by adopting biometric technology. The world witnessed a huge growth in Indian biometric market, especially after incorporation of various government-led initiatives like UID-Aadhaar, issuance of ePassports, visas, etc. Indian biometric market upsurged tremendously in 2018, reaching the value of $1.7 billion and is further expected
Biometric ATM Market 2018 - The demand of Biometric ATM will drastically increas …
Biometric ATM Market Survey 2018 The Biometric ATM Market report is a complete research study on the Biometric ATM market, which attempts to present a clear picture of the key factors that shape this market. The assessments of a number of market segments, distinguished on the basis of the products, their applications, and the geographies, come under the scope of this research study. It further provides the profile reviews of the leading market
Global Biometric Sensors Market: Innovative Features of Biometric Sensors Notice …
SAN FRANCISCO, Nov. 28, 2017 According to the latest report published by Variant Market Research, the global biometric sensors market is projected to reach $1,820 million by 2024, from $868 million in 2016; at a CAGR of 9.7% from 2016 to 2024. Click Here to Request a Free Sample PDF of This Report @ https://www.variantmarketresearch.com/report-categories/semiconductor-electronics/biometric-sensors-market/sample-request Rising adoption for fingerprint identification in electronic devices to drive the global biometric sensors market The global