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Increased Cases Of Data Breaches To Spike Demand In Global Healthcare Biometrics Market

Healthcare biometrics is designed for users to access patient data and apps easily. Biometric technologies like face recognition, iris scanner, retina scanner, fingerprint detector, and palm vein readers have been in the market for a while now, all aiming to secure patient information and avoid fraudulent events. It also validates the identity of the caregivers, doctors, and nurses in the hospitals and at home by recording and storing the key information and giving access to the authorized people only.

However, biometric technology is still in its nascent stage and has a lot of catching up to get established in the healthcare sector. But, gradually, the scenario is changing and hospitals & clinics are adopting the technology for the safety of their patients and the authenticity of their workers. With the increasing digitization of healthcare data, the possibilities related to data breaches and cyber-crimes have also increased. This has surged the need for healthcare biometric technology fueling the global healthcare biometric market demand.

The COVID-19 pandemic has made individuals careful about touching gadgets card readers, keypads, etc. which encourages identity authentication, a user-friendly and secure feature. Advancements, like face and iris recognition, are considerably witnessing more prominent demand due to increased cases of SARS-CoV-2 diseases, in accordance with the developing use of online healthcare administrations because of the global lockdown. The contactless biometric frameworks are along these lines supported on the grounds that they help to stop the spread of contagious illnesses.

The global healthcare biometric market is widely segmented into technology, end-user, application, and region. In terms of technology, the market is bifurcated into multi-factor authentication and single-factor authentication. Based on end-user, the market is classified into research & clinical labs, clinics & hospitals, and healthcare institutions. On the basis of application, the global healthcare biometric market is segmented into remote patient monitoring, care provider authentication, patient identification & tracking, medical record security & data center security, pharmacy dispensing, and others.

Geographically, North America is estimated to lead the global healthcare biometric market within the forecast period. This is attributed to factors such as the increasing number of crimes and frauds in the healthcare industry. This brings up a pressing need for a secure and reliable biometric system, fueling the demand in the region. Moreover, improved healthcare infrastructure and supportive facilities from the government of various countries are also anticipated to drive regional growth.

The leading players n the global healthcare biometric market are 3M Cogent, Inc., NEC Corporation, Fujitsu Limited, Suprema Inc., Morpho, Imprivata, Inc., Lumidigm, BIO-key International Inc., Crossmatch Technologies, Inc., ZKteco, Inc., and others. Recently, Mastercard collaborated with b.well Connected and launched one of its kind digital solution that helps patients to authenticate their identity through smartphones.

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