The Asia Pacific Healthcare Biometrics Market would witness market growth of 18.0% CAGR during the forecast period (2022-2028).
The creation of multifunctional authentication devices and improvements to current technologies have facilitated the development of these items, aiding in market expansion throughout the projection period. For instance, University Health System's RightPatient solution, introduced in August 2016, combines Epic EHR (Electronic Health Record) with face recognition technology. As a result, patients now have easy access to their registration information and medical background.
In addition, the National Health Assurance Program of the Indian government introduced a brand-new mechanism, a database facility known as the Aadhar Card. The primary purpose of this institution is to make cheap healthcare services available to all of the nation's residents. The creation of multifunctional authentication devices and improvements to current technologies have facilitated the development of these items, aiding in market expansion throughout the projection period.
For instance, University Health System's RightPatient solution, introduced in August 2016, combines Epic EHR (Electronic Health Record) with face recognition technology. As a result, patients now have easy access to their registration information and medical background. In addition, the National Health Assurance Program of the Indian government introduced a brand-new mechanism, a database facility known as the Aadhar Card. The primary purpose of this institution is to make cheap healthcare services available to all of the nation's residents.
New technology use is anticipated to increase consistently, along with the rapidly expanding volume of healthcare data. Increased government programs and funding for healthcare fraud have boosted this region's industrial growth. For instance, the Republic of Korea's National Health Insurance Service (NHIS) has developed a fraud detection system based on big data from the healthcare sector, which contains elements relating to socio-demographics, illnesses, and treatment histories. The technique was created to spot and anticipate healthcare facility fraud, such as that carried out by unskilled persons inclined to conduct it to maximize their profit. Thus, the government's efforts to stop fraud and save costs fuel the Asia Pacific market for healthcare biometrics.
The China market dominated the Asia Pacific Healthcare Biometrics Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $1,180.9 Million by 2028. The Japan market is estimated to grow a CAGR of 17.3% during (2022 - 2028). Additionally, The India market would display a CAGR of 18.7% during (2022 - 2028).
Based on Technology, the market is segmented into Fingerprint Recognition, Voice Recognition, Hand Recognition, Vein Recognition, Iris Recognition, Face Recognition and Others. Based on End User, the market is segmented into Hospitals, Healthcare Institutions, Clinics and Clinical Laboratories. Based on Application, the market is segmented into Medical Record & Data Center Security, Patient Identification & Tracking, Care Provider Authentication, Home/Remote Patient Monitoring and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Healthcare Biometrics Market is Projected to reach USD 14.5 Billion by 2028, at a CAGR of 17%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Fujitsu Limited, Genkey Solutions B.V, BIO-key International, Inc., Nuance Communications, Inc. (Microsoft Corporation), HID Global Corporation (Assa Abloy AB), NEC Corporation, Imprivata, Inc. (Thoma Bravo, LLC), Integrated biometrics, Inc., IDEMIA SAS (Advent International, Inc.), and Suprema, Inc.
By Technology
By End User
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