Global Healthcare Biometrics Market to Expand at 25.90% CAGR from 2013 to 2019


Posted June 14, 2016 by MarketTrends

The global healthcare biometrics market is primarily driven by the increasing requirements for data and location protection.

 
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.

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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.

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. This restraint can easily be nullified by the use of modern scanners such as face and iris recognition.

The global healthcare biometrics market was led by North America in 2012. North America and Europe collectively held more than 75.0% of the market the same year. The report predicts that North America will continue dominating the global healthcare biometrics market in the given forecast period, while the Asia Pacific region is showing a rapid rate of growth owing to a burgeoning healthcare industry.

The key players in the global healthcare biometrics market are ZKTeco, Inc., Fujitsu Ltd., 3M Cogent, Inc., NEC Corporation, Cross Match Technologies, Inc., Aware, Inc., Siemens AG, Suprema, Inc., DigitalPersona, Inc., Lumidigm, Inc., M2SYS LLC, BIO-key International, Inc., and SAFRAN SA.

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Tags global healthcare biometrics market , healthcare biometrics market
Last Updated June 14, 2016