MEDICAL AUTHENTICATION SYSTEM MARKET Challenges and Opportunities

One of the key challenges faced by the global medical authentication system market is the high implementation costs associated with deploying authentication systems. Setting up authentication systems requires significant investments toward procuring hardware, software licenses, system integration services, and training end users. Furthermore, additional running costs are incurred toward ongoing system maintenance, support contracts, software upgrades, etc. This puts a strain on the budgets of healthcare providers, especially those in cost-sensitive markets or developing economies.

Market Opportunity - Growing adoption of electronic health records

One of the major opportunities for the global medical authentication system market is the growing shift toward adoption of electronic health records (EHR) across both developed and developing healthcare systems. EHR or electronic medical records help digitize patient medical histories, diagnoses, treatment plans, prescription orders, diagnostic reports, and billing documents. They confer benefits like seamless data access, reduced errors, improved clinical workflows, and regulatory compliance.