Healthcare Biometrics Market: Latest Advancements & Market Outlook 2018 to 2026

Healthcare Biometrics Market Growth – Key
Futuristic Trends And Competitive Landscape 20182026
Global Healthcare Biometrics Market, By Application (Logical Access Control,
Transaction Authentication, Physical Access Control), Technology (Face
recognition, Iris recognition, Hand recognition, Voice recognition, Fingerprint
recognition, Vein recognition, Signature recognition), End User (Clinical
Laboratories, Clinics, Hospitals, Healthcare Institutions, and Geography Insights, Opportunity Analysis, and Industry Forecast till 2024
The Global Healthcare Biometrics Market was valued at US$ 1,333.1 million in 2015 and is
expected to witness a CAGR of 23.4% during the forecast period (2016 – 2024).
Biometrics in the healthcare context primarily refers to patient identification and provision of access
control to users. Biometrics are also being used in reducing fraud and securing patient information,
especially pertaining to those recruited for clinical trials. Healthcare insurers in the U.S. face a lot of
fraud and misrepresentation of information for claiming paid benefits. The Federal Bureau of
Investigation (FBI) estimates (2015) that fraudulent billings to public and private health care programs
results in 3%-10% of total health expenditure.
According to the Coalition against Insurance Fraud—an anti-fraud watchdog group—nearly US$ 80
billion is lost annually in Medicare fraud in the U.S. Healthcare biometrics can be an optimal solution
for data security and fraudulent claims, thus saving billions of dollars to government and healthcare
insurers. Securing identification of patients is essential to control logical access and also limit physical
access to hospital wards and authenticate medical personnel.
Market Dynamics
Biometrics have undoubtedly eased the accessibility and operations of healthcare organizations, unlike
the password authentication system which required users to remember passwords. Use of biometrics is
extended to hospitals, clinics and to monitor patients. Various advancements in technology have led to
commercialization of a number of biometric solutions for healthcare such as user identification using
the face, iris, hand, voice, fingerprint, vein, and signature. This has significantly bolstered the
healthcare biometrics market growth. The North America healthcare insurance market in highly
fragmented, with several loopholes in the system that are exploited by fraudsters. Therefore, potential
for biometrics is considerably high in this region. Besides, growing demand for healthcare IT
integration in Asia Pacific and Latin America regions is projected to support the rapid adoption of
biometrics in healthcare sector.
Ask For Sample Copy Of This Business Research Report :
https://www.coherentmarketinsights.com/insight/request-sample/155
Improving technology for more secured access to propel the healthcare biometrics market
Companies in the global biometrics market are improving their product technology to provide more
secure access to critical areas and information to authorized personnel. The iris and vein recognition
technology are among the most secured biometric technologies. Palm, eyes and finger are the target
areas for vein biometric technology. Veins are unique for each person and stays the same for lifetime
which makes it more secured biometric technology. Moreover, this also eliminates the stigma of law
enforcement associated with fingerprint technology, something that is a major concern in developed
countries such as the U.S. Moreover, biometric vein reader can also read through surgical gloves.
Awareness and adaptability to new biometric technologies would augment growth of the healthcare
biometrics market.
High usage in healthcare fraud prevention and access control is observed in the healthcare
biometrics market
Healthcare fraud costs the global economy billions of dollars annually. Healthcare fraud could be
referred to obtaining patient information either by inducing a medical personnel having access to
patient information or when patients obtain a free screening. A dentist form Valdosta, Georgia, U.S.
was sentenced for two years and three months recently in 2017 for a healthcare fraud. The dentist
collected Medicaid payments totaling to US$ 789,000 (for teeth extraction) using patient’s identity
without their knowledge. California based St. Joseph’s Health, was asked to pay US$ 6.1 million in
October 2016 for Health Insurance Portability and Accountability Act (HIPAA) violations.
The server installed at the center was not secured, which enabled access to patient’s database through
search engine. According to the Coalition against Insurance Fraud—an anti-fraud watchdog group—
nearly US$ 80 billion is lost annually in Medicare fraud in the U.S. Such a big cost to the economy has
alerted the healthcare industry and the government to ensure data security and access control. The
security becomes more imperative for companies conducting clinical trials. The healthcare biometrics
market is therefore expected to boom in the near future.
About Coherent Market Insights:
Coherent Market Insights is a prominent market research and consulting firm offering action-ready
syndicated research reports, custom market analysis, consulting services, and competitive analysis
through various recommendations related to emerging market trends, technologies, and potential
absolute dollar opportunity.
Contact Us:
Mr. Shah
Coherent Market Insights
1001 4th Ave, #3200
Seattle, WA 98154
Tel: +1–206–701–6702
Email: [email protected]

The Global Healthcare Biometrics Market was valued at US$ 1,333.1 million in 2015 and is expected to witness a CAGR of 23.4% during the forecast period (2016 – 2024). Biometrics in the healthcare context primarily refers to patient identification and provision of access control to users.