the World market for sanitary biometrics it was valued at US $ 1,333.1 million in 2015 and is expected to witness a CAGR of 23.4% during the forecast period (2016 – 2024).
Biometrics in the context of medical care refers mainly to the identification of the patient and the provision of access control to users. Biometrics is also being used to reduce fraud and ensure patient information, especially in relation to those recruited for clinical trials. Health care insurers in the US UU They face a lot of fraud and misrepresentation of information to claim paid benefits. The Federal Bureau of Investigation (FBI) estimates (2015) that fraudulent bills to public and private health care programs result in 3% -10% of total health expenditure.
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According to the Coalition Against Insurance Fraud, an anti-fraud watchdog group, almost US $ 80 billion a year is lost in Medicare fraud in the US. UU and health insurers. Ensuring the identification of patients is essential to control logical access and also to limit physical access to hospital wards and authenticate medical personnel.
Undoubtedly, biometrics has facilitated the accessibility and operations of health care organizations, unlike the password authentication system that required users to remember passwords. The use of biometrics extends to hospitals, clinics and to monitor patients. Several advances in technology have led to the commercialization of a series of biometric solutions for health care, such as identification of the user using the face, iris, hand, voice, fingerprint, vein and signature .
This has significantly boosted the growth of the biometric health market. The health care insurance market in North America is highly fragmented, with several gaps in the system being exploited by scammers. Therefore, the biometric potential is considerably high in this region. In addition, the growing demand for IT integration for healthcare in the Asia Pacific and Latin American regions is projected to support the rapid adoption of biometrics in the healthcare sector.
Improved technology for safer access to boost the biometric medical care market
Companies in the global biometric market are improving the technology of their products to provide safer access to critical areas and information to authorized personnel. The iris and vein recognition technology is among the safest biometric technologies. Palm, eyes and fingers are the target areas of biometric vein technology. The veins are unique to each person and remain the same throughout life, which makes it a more secure biometric technology. In addition, this also eliminates the stigma of law enforcement associated with fingerprint technology, something that is a major concern in developed countries such as the US. In addition, the biometric vein reader can also read through surgical gloves. Awareness and adaptability to new biometric technologies would increase the growth of the biometric health care market.