SecurityWorldMarket

15/11/2024

Biometrics as a service in healthcare to see strong growth to 2034

Corvina, Ca (USA)

According to research report from Prophecy Market Insights, the global biometrics as a service in healthcare market size was valued at USD 862.66 Million in 2024 and is expected to reach USD 3666.41 Million by 2034, growing at a CAGR of 17.2%.

Biometrics as a Service (BaaS) in healthcare is an innovative approach that leverages biometric technologies, such as fingerprint recognition, facial recognition, and iris scanning, to enhance security, streamline patient identification, and improve overall care delivery. By offering these services through a cloud-based platform, healthcare providers can easily integrate advanced biometric solutions into their existing systems without the need for significant infrastructure investment. This technology ensures accurate patient identification, reduces fraud, and enhances data security, ultimately leading to more efficient and personalised healthcare services.

Improved safety of patients

Biometric authentication strengthens patient safety to a great extent by avoiding misidentification, which is one of the significant causes of medication error and incorrect treatment, leading to serious patient harm. It ensures proper identification of the right patient for the administration of the correct medications and dosage and treatment for the right medical condition. Additionally, biometrics can deny unauthorised access to patient records and protect sensitive health information, thus maintaining patient confidentiality.

High-level security

Biometrics offers an additional strong layer of security against unauthorised access to sensitive patient information, identity theft, and fraud. Biometric authentication will help build multilayer security frameworks for healthcare organisations to protect patient records against cyber-attacks and unauthorised access, among other security breaches. This is critical when cyber-attacks are on the rise and sensitive patient information has turned out to be a key target for malicious actors. Further, biometric systems can be integrated into access control systems and network security protocols to develop an all-inclusive security infrastructure.

Value-added patient experience

Biometric authentication will alter how patients connect with their healthcare providers. This technology has the potential to ease some of the burdens placed upon patients at the check-in, access control, and appointment scheduling stages. Moreover, it helps personalise care, letting healthcare providers know their patients quickly and accurately for accessing medical history to raise patient satisfaction and loyalty.

Remote patient monitoring

Biometric data recorded through wearable devices or other sensors may be transmitted to healthcare providers in order to monitor patients with chronic diseases remotely continuously. This, in turn, will facilitate very early detection of complications, proactive intervention, and hence better management of chronic diseases. That is, remote patient monitoring empowers the patient to participate actively in health care, leading to better patient outcomes and a reduced load on healthcare systems.

Key market players

The key players operating the Biometrics As a Service in Healthcare Market according to Prophecy Market Insights, include organisations such as, Fujitsu, NEC, Suprema, Thales, Aware, Bio-key, Cognitec, Daon, M2sys, Cogent, Assa Abloy, Precise Biometrics, Zkteco, and Crossmatch Technologies.


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