- Physical Access Control
- Logical Access Control
- Transaction Authentication
North America Healthcare Biometrics Market is expected to grow at a CAGR of 15% during the forecast period 2023-2029. Biometrics is a vital tool in data threats and cyber threats. Biometric system is used across various industries like banking, defense, healthcare, mobile and technology, government, security etc. Biometric system plays an essential role in the healthcare industry which enables the proper security of IT processes related to healthcare data by preventing free access to data by identifying individual features like palm prints, fingerprints, voice, DNA, face etc.As per to the 2014 report of Identity Theft Resource Centre, about 45% of all data violations of identity thefts are from the healthcare industry. As per to the Coalition Against Insurance Fraud- an anti-fraud watchdog group reported that about USD 80Bn is annually lost in the US in Medicare fraud. Moreover, growing adaptability of the biometrics system in healthcare sectors such as research labs, clinical laboratories, and hospitals etc., increase in technological advancements are the few other factors which are propelling the growth of the North America Healthcare Biometrics Market. Government of U.S. provides various regulations for the biometric security systems such as Health Insurance Portability and accountability act (HIPAA) which is enforced by the Medicare and Medicaid Services (CMS) and Electronic Protected Health Information etc. On the other side, security and convenience trade-off and biometric template storage are the factors that are hampering the growth of the North America Healthcare Biometrics Market.
Fastest Growing Market
Growing incidence of healthcare frauds, the rise in demand for the alternatives for the passwords, wide range of financial benefits regarding healthcare biometrics are the major factors that are fuelling the growth of the North America Healthcare Biometrics Market. On the other side, security and convenience trade-off and biometric template storage are the factors that are hampering the growth of the Healthcare Biometrics Market.
2022 is the base year and 2029 is the forecast year.
The report covers the five regions and 15+ countries market data: North America (United States, Canada), Europe (Germany, France, Italy, Spain, and United Kingdom (UK), Asia Pacific (China, India, Japan, Australia & New Zealand), Latin America (Brazil, Mexico, Argentina) and Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa).
In our report, we provide 12-15 market players’ information into the report. However, based on the client’s request we will provide additional country and regional market players information as well.