The Europe Healthcare Biometrics Market would witness market growth of 16.3% CAGR during the forecast period (2022-2028).
Biometrics may take the role of passwords, cards, tokens, passwords, and PINs when securing patient records. With a simple sign-in, healthcare professionals may quickly access the documents they want, saving time and money, minimizing clerical mistakes, and significantly lessening their cognitive load. If there are problems with communication between patients and healthcare professionals, Biometrics might significantly enhance the administration of therapies.
For instance, if a patient cannot express their disease or symptoms, a clinician may listen to the patient's voice, consult the patient's records that list all previously reported problems, and assist in accurately identifying the issue. Speech recognition combined with artificial intelligence may soon be used as a scribe, clinical documentation assistant, and decision-support tool during clinical interactions. While this kind of technology is still being developed, it has the potential to reduce clinician-patient connections and provider cognitive overload significantly.
An identity management platform for the healthcare industry is demonstrating biometric access control software solutions as part of the Panacea innovation initiative, which the European Union finances. Software for secure information exchange, dynamic risk assessment, support for security by design compliance, and machine-to-machine interfaces are all included in the toolkit. Panacea argues that the technologies it has created, such as biometric face recognition, would tackle the issue of credential sharing that plagues hospitals. Moreover, it claimed frictionless biometric technologies and two authentication elements. The public-private group also informed viewers that they would enable decentralized biometric databases for authentication management, providing system users with GDPR-compliant Biometrics. According to reports, its creators have also created algorithms to identify mask wearers. This supports the growth of the regional market.
The Germany market dominated the Europe Healthcare Biometrics Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $904.2 Million by 2028. The UK market is estimated to grow a CAGR of 15.2% during (2022 - 2028). Additionally, The France market would experience a CAGR of 17.1% 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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Healthcare Biometrics Market will Hit $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.
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