Healthcare Biometrics Market To Surpass US$ 15 Billion By 2027 - Coherent Market Insights

SEATTLE - July 22, 2020 - PRLog -- Healthcare Biometrics Market, by Application (Logical Access Control, Transaction Authentication, and Physical Access Control), by Technology (Face Recognition, Iris Recognition, Hand Recognition, Voice Recognition, Fingerprint Recognition, Vein Recognition, and Signature Recognition), by End-user (Hospitals, Clinics, Clinical Laboratories, and Healthcare Institutions), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) - Size, Share, Outlook, and Opportunity Analysis 2019 - 2027

Biometrics in healthcare is application widely used in hospitals for monitoring patients which include identification, access control, workforce management or patient record storage in order to prevent fraud. According to the Federal Bureau of Investigation (FBI), in 2015, 3-10& of the total healthcare expenditure is attributed to fraudulent billing to public and private health care programs. According to the Coalition Against Insurance Fraud, an anti-fraud watchdog group, in the U.S., around US$ 80 billion are lost annually to Medicare fraud.

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Healthcare biometrics is highly effective in data security and fraudulent claims and can save billions of dollars spent by the government and healthcare insurers. Secured identification of patients is important to control logical access to centralized archives of digitized patients' data and also limit physical access to hospital wards and buildings, and to authenticate medical personnel.

Growing adoption of healthcare biometrics across various healthcare organizations and hospitals is projected to fuel the growth of the global healthcare biometrics market

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Moreover, in August 2017, Malaysia's immigration department launched a biometric fingerprint identification system for foreign workers undergoing medical check-ups. This biometric system then cross-verifies the information with Malaysia's immigration system (myIMMs)..

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