Healthcare Biometrics Market to Gather Steam amidst Security Breaches and Medical Thefts
The 97-page comprehensive
study forecasts that the global healthcare
biometrics market will grow to US$5.8 billion in 2019, from an
estimated US$1.2 billion in 2012. The report, titled “Healthcare
Biometrics Market - Global Industry Analysis, Size, Share, Growth,
Trends and Forecast, 2013 - 2019”, also indicates that the
healthcare biometrics market will grow at a remarkable 25.9% CAGR
from 2013 to 2019.
In a recent report, U.S.-based
Transparency Market Research (TMR) states that the worldwide market
for healthcare biometrics is largely driven by growing concerns of
security that has gripped the global healthcare industry. Medical
insurance providers and those working in various healthcare services
and facilities advocate the need for biometrics in an industry that
is rather data sensitive.
Browse The Report:
http://www.transparencymarketresearch.com/healthcare-biometrics-market.html
Healthcare biometrics is used
in hospitals for medical staff and patient verification as well as
data access control. “The use of biometrics in the healthcare
industry not only ensures minimization and prevention of fraud, data
loss, and resource wastage, abut also enhances the quality, privacy,
and safety of hospitals,” states a TMR analyst.
The cost of biometric systems
is not very high and these systems function with utmost accuracy and
performance, thereby making it a wise and cost-effective investment.
The analyst further states, “The amount of capital invested in the
installation and maintenance of healthcare biometrics is nothing when
compared to the skyrocketing expenses during a time of security
breach and medical theft. As a result, the demand for biometrics in
the healthcare industry has increased immensely, fueling the growth
of the global market.”
However, issues such as
storage of biometric templates and the trade-off between security and
convenience may pose a threat to the healthcare biometrics market.
The healthcare biometrics
market is segmented on the basis of technology into face recognition,
signature recognition, vein recognition, hand recognition,
fingerprint recognition, voice recognition, iris recognition, and
others. The major applications that make use of healthcare biometrics
are physical access control, logical access control, and transaction
authentication. By region, the healthcare biometrics market is
segmented into North America, Europe, Asia-Pacific, and Rest of the
World.
North America has been leading
the healthcare biometrics market and the region is expected to retain
the lead in the years to come. The research report by TMR states that
North America and Europe together hold 75% of the global market
share.
There are numerous large and
small players in the global healthcare biometrics market and by
nature, the competitive landscape is fragmented and consolidated.
Activities such as mergers, acquisitions, partnerships, and
cost-containment efforts are carried out on a large scale, making the
healthcare biometrics market highly dynamic. The participants who
feature in the research report are SAFRAN SA, BIO-key International,
Inc., M2SYS LLC, Lumidigm, Inc., DigitalPersona, Inc., Suprema, Inc.,
Siemens AG, Aware, Inc., Cross Match Technologies, Inc., NEC
Corporation, 3M Cogent, Inc., Fujitsu Ltd., and ZKTeco, Inc.
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