LAMEA Healthcare Biometrics Market Size, Share & Industry Trends Analysis Report By Technology, By End User (Hospitals, Healthcare Institutions, Clinics and Clinical Laboratories), By Application, By Country and Growth Forecast, 2022 - 2028
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Market Report Description
The Latin America, Middle East and Africa Healthcare Biometrics Market would witness market growth of 23.8% CAGR during the forecast period (2022-2028).
The market for healthcare biometrics is further driven by growing patient safety and security awareness, increased use of biometrics devices in the healthcare industry, expanding healthcare infrastructure, increased funding in the healthcare industry from the government due to an increase in healthcare fraud, and increased security for protecting healthcare information.
Additionally, the convenience offered by contactless biometric systems and the widespread adoption of such procedures by major players, the rise of healthcare consumerism, and the rise in disposable income in developed and developing countries are all anticipated to encourage the uptake of new technologies, such as Biometrics, by health systems, which will spur market expansion. The most excellent approach for hospitals and other care institutions to attract and keep patients in their network is enhancing the patient experience.
The facility's income stream and provider performance must be improved with the help of shorter wait times, fewer paperwork, and simple scheduling options. This issue may be resolved using biometric technologies by instantly identifying and logging in patients. The era of paperwork completion, online scheduling, and registration intake forms are over. Also, with this simplified method of identifying patients, combining millions of health data, diagnoses, tests, prescriptions, and other forms of therapy may be simpler than ever - without any errors or patient record duplications.
Healthcare biometrics is growing due to contactless payments, well-organized patient information, and other applications. The number of infants is also expected to rise in the future years. That opens up many prospects for the biometric healthcare business. In many hospitals, baby rooms must have biometrics systems. Multi-model biometrics' introduction has sparked profitable market growth. The need for biometric identification and authorization is rising, and the requirement for simple, secure user access to data and services fuels this demand. The rapidly expanding penetration of consumer electronics like smartphones and tablets drives the need for fingerprint sensors to protect data security and privacy. These elements are anticipated to accelerate the healthcare biometrics market's overall growth rate in LAMEA.
The Brazil market dominated the LAMEA Healthcare Biometrics Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $272.7 Million by 2028. The Argentina market is experiencing a CAGR of 24.5% during (2022 - 2028). Additionally, The UAE market would display a CAGR of 23.5% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
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.
Scope of the Study
Market Segments Covered in the Report:
- Fingerprint Recognition
- Voice Recognition
- Hand Recognition
- Vein Recognition
- Iris Recognition
- Face Recognition
By End User
- Healthcare Institutions
- Clinical Laboratories
- Medical Record & Data Center Security
- Patient Identification & Tracking
- Care Provider Authentication
- Home/Remote Patient Monitoring
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- 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.)
- Suprema, Inc.
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Global Healthcare Biometrics Market Report 2022-2028
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Europe Healthcare Biometrics Market Report 2022-2028