Global Healthcare Biometric Market Market Trends
Its consistent growth over the years is the growing need for safe and efficient access control, fraud prevention, and identity verification in the healthcare industry. Its implementation in the healthcare sector has been boosted not only in terms of growth but also in terms of support and increased awareness from the government. It is crucial to identify this problem by effectively implementing biometrics technology to prevent identity theft, insurance fraud, and safety issues involving sensitive medical data. For example, in 2022, the National Institute of Diabetes and Digestive and Kidney Diseases estimates that 60–70 million Americans suffer from gastrointestinal disorders, resulting in a yearly death toll of 250,000. On the other hand, the target market has grown because chronic diseases are becoming more common.
Additionally, according to the CDC (Centers for Disease Control and Prevention), 20.1 million adults in the United States are suffering from coronary artery disease (CAD), and approximately 697,000 people died from heart disease. These statistics support the growth of the healthcare biometric market.