Healthcare Biometrics Market Report Analysis With Industry Share
                     Healthcare Biometrics Market: Introduction
According  to  the  report,  the  global healthcare  biometrics  market was  valued  at
US$ 22.92 Bn in 2020. It is projected to expand at a CAGR of 15.5% from 2021 to 2028.
Biometrics is the measurement and statistical  breakdown of an individual’s physical  and
behavioral traits. Biometric tech is used primarily in identification and admittance control.
The fundamental  assumption of  biometric  authentication is  that  every individual  can be
efficiently distinguished according to their natural physical or behavioral traits.
The biometrics technology is used in healthcare division such as doctors’ offices, hospitals,
and other  healthcare  setting to  ensure accurate  patient  identification or  for  monitoring
patients.  Use  of  biometric  identity  solutions  reflects  prevention  and  minimization  of
healthcare fraud and resource wastage, while also improving healthcare safety, quality, and
patient privacy
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Decline in Healthcare Frauds
Biometrics is recognized as the only system currently available that can provide positive
identity  of  an  individual  with  high  accuracy.  This  technology  ensures  that  there  is  no
duplication of patient identity in order to obtain duplicate benefits, services,  and drugs.
Biometrics also prevents the possibility of card sharing and thus, identity theft. Biometrics
also efficiently curtails phantom claims by ensuring the physical presence of an individual at
the time and place of service.
This technology ensures verified managed care or services from healthcare providers so that
insurance programs can easily rely on this data for the settlement of managed care. These
factors are projected to fuel  the global  healthcare biometric market during the forecast
period.
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Increasing  Adoption of  Healthcare  Biometrics  in  Various  Healthcare  Organizations  and
Hospitals to Drive Global Healthcare Biometrics Market
Most of the hospitals and healthcare organizations are using biometric systems to ensure
safety of the patients’ data and to secure identification process of patients. For instance, in
August 2021, RAIsonance launched biometric security tool such as SoundPass. SoundPass is
a set of AI programs that convert audio signatures into biometric signal signatures. It is used
for  multi-factor  authentication  (MFA)  in  order  to  establish  and  maintain  a  bubble  of
perimeter security around the premises or a group of people. The growing security concerns
about  healthcare  facilities  is  expected  to  boost  the  demand  for  biometrics  solutions  in
healthcare.
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Fingerprint Recognition Technology Segment to Dominate Global Healthcare Biometrics
Market
In terms of technology, the global healthcare biometrics market has been segmented into
fingerprint, vein, face, iris, voice, hand, and signature. Fingerprint recognition technology is
the most prominently used biometric  technology,  and the segment accounted for  more
than  50% of  the  biometrics  market  in  2020.  Availability  of  a  wide  range  of  fingerprint
recognition devices  and introduction of  portable  fingerprint  scanners  & their  efficacy  in
healthcare are major factors driving the demand for fingerprint technology.
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North America to Dominate Healthcare Biometrics Market
In terms of region, North America dominates the global healthcare biometrics market due to
extensive  implementation  of  healthcare  fraud  controlling  systems  and  enforcement  of
legislations such as HIPAA (Health Insurance Portability and Accountability Act) in the U.S.
Majority of the market leaders are based in the U.S. and focused on technological advances,
eventually introducing new biometric devices and products in the global market.
Well-established  market  players  are  also  increasingly  introducing  their  cost-effective
products  in  emerging  markets  coupled  with  showcasing  their  cost  and  safety  related
advantages, thereby increasing their adoption in such regions.
Increasing acceptance of  biometrics  in major  medical  fields  and its  verified efficiency in
hospitals,  clinical  laboratories,  research  labs,  and  other  healthcare  facilities  drive  the
healthcare biometrics market in North America.
Major Players
Some of the major companies currently active in the healthcare biometrics market include
3M Cogent, Inc., Bio-Key International,  Inc., DigitalPersona, Inc., NEC Corporation, M2SYS
LLC, Cross Match Technologies, Inc., Suprema, Inc., and Siemens AG.
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