Pune, Jan. 09, 2024 (GLOBE NEWSWIRE) -- According to the latest report published by Growth Plus Reports, the global Healthcare Biometrics Market is expected to US$ 17.37 billion by 2031 and to grow at a CAGR of 17.4% during the forecast period.
The Healthcare Biometrics Market is witnessing remarkable strides in enhancing security, privacy, and efficiency within the healthcare sector. This press release highlights key developments, breakthroughs, and the dynamic landscape of the Healthcare Biometrics Market, playing a pivotal role in safeguarding patient information, streamlining processes, and ensuring accurate patient identification.
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Healthcare Biometrics Market Scope
| Report Attribute | Details |
| Market Size Value in 2022 | US$ 4.1 billion |
| Revenue Forecast in 2031 | US$ 17.37 billion |
| CAGR | 17.4% |
| Base Year for Estimation | 2021 |
| Forecast Period | 2023-2031 |
| Historical Year | 2021 |
| Segments Covered | Technology, Application, End-user, and Region |
| Regional Scope | North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa |
Precision Patient Identification: The Healthcare Biometrics Market focuses on revolutionizing patient identification through precision biometric solutions. Biometric technologies, including fingerprint recognition, palm vein scanning, facial recognition, and iris scanning, are deployed to accurately identify patients, reducing the risk of medical errors and enhancing the overall quality of care.
Enhanced Data Security and Privacy: Biometrics in healthcare contribute to enhanced data security and privacy by replacing or augmenting traditional methods of identity verification. Biometric authentication ensures that only authorized individuals, including healthcare providers and patients, can access sensitive medical records and information, mitigating the risk of data breaches and identity theft.
Streamlining Access to Healthcare Services: The integration of biometrics in healthcare facilitates seamless access to healthcare services. Patients can securely access their medical records, schedule appointments, and participate in telehealth consultations with the assurance that their identity is accurately verified. Biometrics streamline administrative processes, contributing to improved healthcare service delivery.
Biometric-Enabled Medication Management: The Healthcare Biometrics Market extends its impact to medication management. Biometric authentication ensures that medication dispensing and administration are accurate and secure. This is particularly crucial in preventing medication errors and ensuring that patients receive the right treatment based on their individual medical history.
Biometric Solutions for Healthcare Workforce: In addition to patient identification, biometrics are increasingly used for workforce management within healthcare settings. Biometric time and attendance systems help monitor and manage staff schedules, ensuring efficient staffing levels and accurate payroll processing. This contributes to operational efficiency and cost savings for healthcare institutions.
Contactless Biometric Solutions in the Post-Pandemic Era: The market is witnessing a rise in the adoption of contactless biometric solutions, especially in the wake of the COVID-19 pandemic. Contactless biometrics, such as facial recognition and iris scanning, offer hygienic and secure means of identification, aligning with infection control measures in healthcare settings.
Challenges and Opportunities: Challenges in the Healthcare Biometrics Market include concerns related to privacy, ethical considerations, and the need for standardization in biometric implementations. Opportunities for advancements lie in the development of multimodal biometric solutions, continuous research in biometric algorithms, and collaboration with cybersecurity experts to address emerging threats.
Table of Content
- INTRODUCTION
-
- Market Ecosystem
- Timeline Under Consideration
- Historical Years – 2021
- Base Year – 2022
- Forecast Years – 2023 to 2031
- Currency Used in the Report
- RESEARCH METHODOLOGY
-
- Research Approach
- Data Collection Methodology
- Data Products
- Secondary Products
- Primary Products
- Market Estimation Approach
- Bottom Up
- Top Down
- Market Forecasting Model
- Limitations and Assumptions
- PREMIUM INSIGHTS
-
- Current Market Trends (COVID-19 Perspective)
- Key Players & Competitive Positioning (2022)
- Regulatory Landscape
- Reimbursements
- MARKET DYNAMICS
-
- Drivers
- Restraints/Challenges
- Opportunities
- GLOBAL HEALTHCARE BIOMETRICS MARKET - ANALYSIS & FORECAST, BY TECHNOLOGY
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- Fingerprint Recognition
- Face Recognition
- Palm Recognition
- Iris Recognition
- Behavioral Recognition
- Vein Recognition
- Others
- GLOBAL HEALTHCARE BIOMETRICS MARKET - ANALYSIS & FORECAST, BY APPLICATION
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- Medical Record and Data Center Security
- Patient Identification and Tracking
- Care provider Authentication
- Remote Patient Monitoring
- Others
- GLOBAL HEALTHCARE BIOMETRICS MARKET - ANALYSIS & FORECAST, BY END-USER
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- Hospitals & Clinics
- Clinical Laboratories
- Healthcare Institutions
VALUE PROPOSITIONS RELATED TO THE REPORT:
- Powered with Complimentary Analyst Hours and Expert Interviews with Each Report
- Comprehensive quantitative and qualitative insights at segment and sub-segment level
- Covid 19 impact trends and perspective
- Granular insights at global/regional/country level
- Deep-rooted insights on market dynamics (drivers, restraints, opportunities) and business environment
- Blanket coverage on competitive landscape
- Winning imperatives
- Exhaustive coverage on 'Strategic Developments' registered by leading players of the market
CUSTOMIZATION OPTIONS:
- Distributor Landscape Assessment
- Pricing Intelligence
- Customer Base Assessment
- Investment & Initiatives Analysis
- 'Business Profile' of Key Players
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Future Outlook: The Healthcare Biometrics Market is poised for continuous growth and innovation as the healthcare industry recognizes the importance of robust identity management. Ongoing research, collaborative efforts, and the integration of advanced biometric technologies are pivotal in shaping the future of healthcare biometrics. The market's evolution positions it as a key enabler of secure, efficient, and patient-centered healthcare delivery.
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About Us:
Growth Plus Reports is part of GRG Health, a global healthcare knowledge service company. We are proud members of EPhMRA (European Pharmaceutical Marketing Research Association).
Growth Plus portfolio of services draws on our core capabilities of secondary & primary research, market modelling & forecasting, benchmarking, analysis and strategy formulation to help clients create scalable, ground-breaking solutions that prepare them for future growth and success.
We were awarded by the prestigious CEO Magazine as Most Innovative Healthcare Market Research Company in 2020.
