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Healthcare Biometrics Market is Expected to Reach USD 5.8 Billion Globally in 2019: Transparency Market Research
Date:9/25/2013

ALBANY, New York, September 25, 2013 /PRNewswire/ --

According to a new market report published by Transparency Market Research "Healthcare Biometrics Market (Fingerprint, Face, Iris, Voice, Vein, Signature and Hand Recognition Technologies, Logical Access Control, Physical Access Control and Transaction Authentication Applications) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019" the global healthcare biometrics market was valued at USD 1.2 billion in 2012 and is expected to grow at a CAGR of 25.9% from 2013 to 2019, to reach an estimated value of USD 5.8 billion in 2019.

Browse the full report with complete TOC at http://www.transparencymarketresearch.com/healthcare-biometrics-market.html

Biometrics is used to identify and authenticate an individual's identity by their biological characteristics or traits. This technology is used in the healthcare industry for the purpose of patient and medical staff's verification and access control. Use of biometric identity solutions reflects prevention and minimization of healthcare fraud and resource wastage while also improving healthcare safety, quality and patient privacy. Rapid technological advancements in healthcare infrastructure, increasing accuracy and performance levels, along with reduced complexity and cost of biometric devices are some of the major factors driving the biometrics growth in healthcare. Furthermore, growing preference for reducing healthcare expenditure by minimizing the risk of security breaches and medical identity thefts with the use of biometrics, support the growing acceptance of biometric systems in the healthcare industry worldwide.

Growing security concerns with healthcare facilities and medical insurance providers has impelled the demand for biometrics solutions in healthcare.

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SOURCE http://www.transparencymarketresearch.com
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