The North America Healthcare Biometrics Market would witness market growth of 15.6% CAGR during the forecast period (2022-2028).
Biometric patient identification highlights situations where identity fraud is utilized to get medical treatment without paying for it. By recognizing when someone is trying to submit a fraudulent identity, biometric searches can identify these efforts. The most pressing demand for Biometrics is better patient identification in healthcare settings. Yet, as medical technology advances, so will various biometric authentication application cases. For instance, telemedicine has become a more popular way to provide access to healthcare in rural or underserved regions.
Using biometric identification may make logging onto telemedicine portals easier and safer. Scalable, consumer-friendly, touchless, and replaceable tools will be required. For instance, even though numerous modalities may be necessary, health systems usually implement just one modality to guarantee that data collecting is consistent and retrievable at all institutions within the system. “If integrated with or strengthened by developments in disciplines like AI or machine learning, these modalities may continue to evolve. One more proven biometric modality is palm vein scanning; however, there are certain restrictions with the existing form factor for digital use cases.
Due to the significant amount of fraud and other crimes committed in the healthcare industry, the North American area is anticipated to grow. These technologically sophisticated biometric technologies to collect patient and registration data are predicted to be used more quickly due to the increased prevalence of fraudulent activities. Also, the construction of new healthcare facilities like hospitals and clinics may be a significant factor in expanding this industry. In addition, several businesses are beginning various methods, such as partnerships, introducing new products, mergers, and acquisitions, to maintain and grow their market share. As a result of the reasons above, the market in the North American region is anticipated to develop over the projected period.
The US market dominated the North America Healthcare Biometrics Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $3,678.5 Million by 2028. The Canada market is poised to grow at a CAGR of 18.2% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 17.2% 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 U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Healthcare Biometrics Market is Predict to reach $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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