HEALTHCARE BIOMETRICS MARKET ANALYSIS

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, 2022 - 2030

Published In : Aug 2022
Code : CMI155
Pages :160
Formats :
Excel and PDF
Industry : Healthcare IT

Market Challenges And Opportunities

Global Healthcare Biometrics Market: Restraints

Rising cybercrime targeting medical data and services has restrained the growth of the global healthcare biometrics market. Due to valuable data, medical records command higher prices on the dark web, making them a top target for criminals. The CBS News, a U.S.-based television and radio service, patient records can sell for up to US$1,000 each.

For instance, in 2019, according to the reports published in Healthcare Data Breach Report, published by HIPAA Journal, more healthcare records were breached in 2019 than in the six years from 2009 to 2014, and that was before COVID-19 drove increased demand for telehealth and remote access.

Moreover, using biometrics in healthcare offers a way to access sensitive information using something that cannot be lost, stolen, shared, or forgotten. People face many challenges remembering the password. For instance, Users have too many to remember, forgotten passwords are reset using weak “secret questions” and knowledge-based authentication methods that are simple for social engineers to hack. Users sacrifice security for convenience and Compromised credentials are for sale on the dark web.