Healthcare Biometrics Market Analysis, Key Player Profiles, Size, Share, Growth 2027

 Healthcare biometrics market intelligence, by technology (facial recognition, fingerprint recognition, vein recognition, behavioral recognition, iris recognition, palm geometry recognition, etc.) and application (patient identification, patient monitoring, medical records management, data security, etc.) – forecast to 2027

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Protection and safety of patients is an important goal for every hospital, small or big. Healthcare resources are scarce and are needed to be protected from robbery. These resources are vital for the patients as well as the healthcare provider. Hence, security system play an important role in healthcare sector.

Global Healthcare Biometrics Market   – Regional Analysis

Considering the global scenario of the market, America comprise largest market share in global healthcare biometrics market. This major share is mainly attributed to the rise in the healthcare frauds that have been committed in last decade. The healthcare organisations, and hospitals have become more aware of the threads and are willing to spend handsome amount in building their security systems in order to secure their patient data, medical information, and other valuable assets, and to prevent the security breaches in their organisations.  The healthcare frauds costs the industry billions of dollars. For example, a dentist form Valdosta, Georgia, U.S. was sentenced for two years and three months recently in 2017 for a healthcare fraud. The dentist collected Medicaid payments amounting to USD 789,000 using patient’s identity without their knowledge. California based St. Joseph’s Health, was asked to pay USD 6.1 million in October 2016 for Health Insurance Portability and Accountability Act (HIPAA) violations. The server installed at the center was not secured, which enabled access to patient’s database through search engine. According to the Coalition against Insurance Fraud—an anti-fraud watchdog group—nearly USD 80 billion is lost annually in Medicare fraud in the U.S. Such a big cost to the economy has alerted the healthcare industry and the government to ensure data security and access control. All these factors have helped the rapid growth of the healthcare biometrics market in American region.

The Healthcare Biometrics market size is expected to grow USD 5.6 billion at the CAGR of 22.3% by 2022. The biometric in healthcare industries is used to monitor the health of the patient. Surveillance, identification, authentication are some f the applications of biometric in hospitals. It is a technology that can offer fingerprint, face recognition and high-end security solutions to hospitals. Through the devices tracking the complete record of patient information is possible.

The global market consist of players such as 3M Cogent Inc. (U.S.), Bayometric (U.S.), BIO-key International Inc. (U.S.), Crossmatch Technologies Inc. (U.S.), Fujitsu Limited (Japan), Imprivata Inc. (U.S.), Integrated Biometrics (U.S.), Lumidigm (a subsidiary of ASSA ABLOY (Sweden)), Morpho (a subsidiary of Safran SA (France)), NEC Corporation (Japan), Suprema Inc. (South Korea), Tyco Integrated Security (U.S.), and ZKteco Inc. (China). These are the prominent players at the forefront of competition in the global healthcare biometrics market and are profiled in MRFR Analysis report.

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