Growing Demand for Healthcare Biometrics from Healthcare Sector will accelerate the Market

Precision Business Insights published a research report on "Global Healthcare Biometrics Market by Mode (Physical Access Control, Logical Access Control, Transaction Authentication), By Technology (Iris Recognition, Signature Recognition, Face Recognition, Hand Recognition, Fingerprint Recognition, Voice Recognition, Vein Recognition) By End-user (Clinics, Healthcare Institutions, Clinical Laboratories, Hospital laboratories, Research lab) and By Region [Latin America, North America, Asia Pacific, The Middle East & Africa and Europe].- Global/Region/Country Forecast to 2027", Global Healthcare Biometrics Market was valued at USD 3456 million in 2020 and is anticipated to grow at USD 16478 million till 2027 recording a CAGR of 25% during the forecast period 2021-2027.

Glance our 200 slides market research and competitive intelligence research report, 25 Tables and 65 Figures and other qualitative sections with an in-depth TOC on " Respiratory Inhaler Devices Market: By Product Type (Metered Dose Inhaler, Nebulizer, Dry Powder Inhaler), By Technology (Manually Operated Inhalers, Digitally Operated Inhalers), By Disease Indication (Asthma, Chronic Obstructive Pulmonary Disease (COPD), Pulmonary Arterial Hypertension, Others), By Distribution Channel (Hospital Pharmacies, Retail Pharmacies, Online Pharmacies), and Geography- Global/Region/Country Forecast to 2027".

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Financial Benefits of Healthcare Biometrics will drive Global Healthcare Biometrics Market

Biometrics is one of the important tools help to reduce data and cyber threats. There is huge demand for biometric system from different sectors such as government, banking, healthcare, technology and defense. This system has crucial role in healthcare industry as it allows the proper security of IT processes associated to healthcare information by protecting free access to information through recognizing individual features such as voice, palm prints, DNA, face, fingerprints and others. Healthcare Biometrics is rapidly growing and propitious field in security and personal authentication sector. Numerous key players operating in the market make healthcare biometrics market highly competitive. According to Identity Theft Resource Centre Report 2014, almost 45% of all data violations of identity thefts are recorded from the healthcare sector.

The safest technologies used in healthcare biometric systems are iris and Vein recognition amid others. Governments from different countries are setting different rules for biometric security systems like Health Insurance Portability and accountability act, which is put into effect by Electronic Protected Health Information and Medicare and Medicaid Services. There are several factors that are anticipated to foster the global healthcare biometrics market growth such as growing demand for alternatives for passwords, increasing cases of frauds in healthcare sector and several financial advantages of healthcare biometrics. Furthermore, increasing adaptability of biometrics systems in healthcare segments like clinical labs, hospitals and research labs and increasing technological developments are the factors expected to impel healthcare biometrics market growth. However, biometric template storage and security and handiness tradeoff are the major factors that can hamper the healthcare biometrics market.

Impact of COVID-19 on Healthcare Biometrics Market:

In addition, the report discusses the implications of COVID-19, including the industry's initial response and strategies for ensuring business continuity in the coming years.

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Global healthcare biometrics market is greatly dominated by the region North America owing to regulations and initiatives set by the governments in the US and wide-ranging fraud control systems executions in the region. Asia Pacific healthcare biometrics market will experience the growth due to the increasing disposable income in emerging countries of this region, increase in awareness about security systems, huge adoption of technical developments and development of industrial segments in emerging countries.

A few major industry players of the global healthcare biometrics market are Fujitsu Limited (Japan), NEC Corporation (Japan), 3M Cogent, Inc. (U.S.), Imprivata, Inc. (U.S.), Crossmatch Technologies, Inc. (U.S.), ZKteco, Inc. (China), BIO-key International, Inc. (U.S.) and Lumidigm (a subsidiary of ASSA ABLOY (Sweden)).

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