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.
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Global Healthcare Biometrics Market to Expand at 25.90% CAGR from 2013 to 2019
1. Healthcare Biometrics Market - Global
Industry Analysis, Size, Share, Growth,
Trends and Forecast Upto 2019
The global healthcare biometrics market is likely to exhibit a highly
positive CAGR of 25.90% within the forecast period of 2013 to 2019. Its
value was recorded at US$1.2 bn in 2012 and is expected to reach
US$5.8 bn by the end of 2019. This data is published in a research report
released by Transparency Market Research, titled “Healthcare
Biometrics Market - Global Industry Analysis, Size, Share, Growth,
Trends and Forecast, 2013 – 2019.” The 97-page report shines ample
light on the factors that are responsible for shaping this market for the
given forecast period.
Security is one of the primary concerns of the healthcare industry when
it comes to safeguarding patient’s privacy, confidential medical records,
and data. In the modern healthcare industry, which is becoming
increasingly digitalized with every passing day, the issue of security has
become even more critical.
Most of the medical data that was earlier contained on papers and
manual file entries is now uploaded in digital servers and databases,
making the data more vulnerable to security breaches and thefts. But the
digital world has also helped improve the overall security of the
healthcare infrastructure by the virtue of technologies such as biometric
authentication.
2. Biometric authentication systems include a set of devices that analyze
global healthcare biometrics market of users by capturing the most
unique features related to the person’s physical traits and using them for
authenticating the identity of the person. A variety of human features
such as fingerprints, iris, voice, face, hands, and signature help in
revealing a number of potential attributes that can be used for biometric
authentication.
The use of biometrics system that identifies an authorized person with
the help of aforementioned physical attributes along with systems for
logical or physical authentication are commonly used to allow or
prohibit access to healthcare facilities. The use of these systems has
helped in making healthcare infrastructure more secure around the
world.
Browse Full Research Report on Healthcare Biometrics Market:
http://www.transparencymarketresearch.com/healthcare-biometrics-
market.html
The key components of a typical biometric identification system
comprises a reader or a scanning device, a software program to convert
the scanned data into digital form, and a database for storing the
biometric data and for comparing entries with pre-fed biometric data.
The healthcare industry is increasingly shifting its focus on the
implementation of biometric security solutions so as to safeguard patient
identification and electronic health records.
A recent market research report published by Transparency Market
Research states that the global market for healthcare biometrics had a
valuation of US$1.2 bn in 2012. Even with the currently struggling
economies of some of the most flourishing and digitally advanced
regional healthcare markets in Europe and Asia, healthcare organizations
have not reduced their efforts in making healthcare facilities safer. The
3. global market for healthcare biometrics is projected to expand at an
extremely high 25.90% CAGR between 2013 and 2019, rising to US$5.8
bn by 2019.
One of the key factors corroborating the high growth prospects of the
global healthcare biometrics market is high ergonomic factor of
biometric systems: they have low base cost, require little maintenance,
require very few additional networking or other hardware devices and
secure a premise reliably. Demand for more accurate and innovative
biometric systems is also very high in the healthcare industry. The
market therefore, presents huge growth opportunities for businesses
investing in the development of biometric systems with improved
response time, accuracy, and an integration of multiple biometric
authentication capabilities in a single system.
On a geographic level, the global healthcare biometrics market is
dominated by the North American regional market owing to the
implementation of strict regulatory reforms such as the Health Insurance
Portability and Accountability Act (HIPPA) and healthcare fraud control
systems in the region.
Browse Full Press Release on Healthcare Biometrics Market:
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