Global healthcare biometrics market has accounted to market revenue of USD 1.2 billion in 2015, and is expected to reach USD 4.4 billion by 2022, growing at a CAGR of 20.1% in the forecast period 2016 to 2022
The biometric is an essential bit of tool in towards world of cyber and data threats and is used across all industries such as mobile & technology, security, banking, government, defence, healthcare among others. According to the Identity Theft Resource Center, in 2014 about 45% of all data breaches regarding identity thefts were of healthcare. Biometric plays a pivotal role in today’s healthcare system, it enables the proper functioning and security of healthcare IT processes. Biometric solutions is used to prevent free access by identify and recognizing an individual’s unique traits such as face, palm fingerprint, DNA, voice among others.
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Market Segmentation: Global Healthcare Biometrics Market
By Product Type (Single Factor Recognition (Fingerprint, Face, Palm, Others), Two factor Recognition, Multi Factor Recognition),
By Application (Healthcare Record Security, Patient Tracking, Remote Patient Monitoring, Workforce Management, Others),
By End User (Healthcare Providers, Healthcare Organizations, Research & Academic Institutes),
By Geography (North America, Europe, Asia Pacific, South America, Rest of the World) – Trends and Forecast to 2022
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Key Points: Global Healthcare Biometrics Market
The global healthcare biometrics market has shown its success by proper maintenance and security of medical records and healthcare providers. The market is driven the government initiatives to stop cyber hacking and protect medical records from prying eyes. The increasing number of security breaches and cyber hacks has led to government making biometric access to healthcare records and provider facilities mandatory.
The factors expected to drive the market in near future is the increasing scope of contactless biometrics and integration of biometrics to healthcare IT solutions.
With the increasing digitalization and increasing data gathered by healthcare IT solutions the risk of data theft has increased since 1990. To cope with the rising situation of data security the government legislated the Health Insurance Portability and Accountability Act (HIPAA), with the sole intention of protecting consumer data and Electronic Protected Health Information (EPHI).
The U.S. is most advanced in healthcare IT platform and the HIPAA act secures its complexity. The HIPAA act security is enforced by Medicare and Medicaid Services (CMS).
Major Players: Global Healthcare Biometrics Market
Some of the major players operating in this market are
- PalmSecure Biolock
- PalmSecure ID Match and PalmSecure TrueIdentity.
Some of the other major players in this market are
- NEC Corporation,
- 3M Cogent, Inc.,
- Safran S.A.,
- Crossmatch Technologies, Inc.,
- Impravata, Inc.,
- Suprema, Inc.,
- Digital Persona,
- Thales S.A.,
- Fulcrum biometrics,
- and M2SYS,
- LLC among others..
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