Healthcare Biometrics Market Trends, Share, Growth and Demand
What are Healthcare Biometrics?
Healthcare biometrics are installed in hospitals, doctor’s offices, and related healthcare settings for the identification and monitoring of healthcare professionals and patients. However, healthcare biometrics outside traditional healthcare settings are also being deployed, especially given the escalation in cyberthreats following the COVID-19 outbreak. The ongoing practice of remote diagnosis and electronic prescriptions are also paving the way for healthcare biometrics to dispense effective medical attention.
Healthcare Biometrics Market Status
Renowned companies are investing in healthcare biometric solutions to introduce effective solutions to track and record the health status of people in the pandemic.
For instance, Apple, an MNC in America offering transformative technologies, teamed up with researchers from the University of Washington (UW), to investigate the efficacy of Apple Watch to predict respiratory diseases, such as; COVID-19, by tracking and studying health biometric signals. The study would be conducted based on health biometrics and data garnered by iPhone devices and Apple Watch that include survey questions about lifestyle and respiratory symptoms through the Apple Research app.
The trending healthcare biometric technologies are allowing solutions to several issues. Thus, the growing demand and rapid uptake of healthcare biometrics is expected to prompt the expansion of the healthcare biometric market on a global scale. According to MRFR study, the global healthcare biometric market is expected to expand at 22.3% CAGR to generate revenue of about USD 5.6 Bn by 2022.
What Challenges are Addressed by Healthcare Biometrics?
The rise in cybercrime cases targeting medical services and data can be solved by the adoption of healthcare biometrics. The healthcare sector is the new target for cybercrime with the outbreak of the pandemic. High-value medical data are sold at higher prices on the dark web, making them easily available for criminals, reports CBS News. The 2019 report of Healthcare Data Breach Report, published by HIPAA Journal, suggests that cases of healthcare records breaches were highest in 2019 than it was observed in the past six years. The surge in telehealth practices and remote access to healthcare facilities requires digital assistance, thus making medical data vulnerable for cyber-attacks. Deploying biometrics in healthcare offers easy and secured access to sensitive information as biometric templates encrypted information rendering any personally identifiable information (PII) data meaningless to criminals. Moreover, modern voice and iris biometric solutions utilize anti-spoofing technologies for preventing the recording and synthesizing of voice, video, and photos.
Healthcare biometric solution helps in instilling faith in KYC (know-your-customer) of patients from anywhere across the globe and accelerate the digitalization of health options. With telehealth trending, the need for digital access to patient information is inevitable. Moreover, medical caregivers are faced with fast-tracking digital innovations that include mobile apps, chatbots, and virtual visits. Thus, once a claimed identity in private hospitals or government-funded medical institute is verified through facial matching, document validation, and facial liveness detection, biometrics is used henceforth to improve security to access healthcare portals, secure messaging platforms, mobile apps, and other telehealth services, alongside enhance user experience.
Technological Innovations in Healthcare Biometrics Promise Lucrative Opportunities
Fingerprint recognition, face recognition, vein recognition, iris recognition, palm geometry recognition, and behavioral recognition are trending technologies that are installed by healthcare biometric engineers. Iris scans, facial recognition, and fingerprint readers are technologies that are used on a large scale across healthcare settings and are poised to hold even greater possibilities for the future.
Biometric tools enabled with such technologies are capable of identifying and authenticating patients and employees with unique biological information on just a simple touch. Thus, contributing to improved accuracy of recordkeeping by eliminating errors. The rapid adoption of electronic health record systems for storing and exchanging health information underscores the value of healthcare biometric with greater speed and security.
Fingerprint recognition-enabled biometric devices are designed for the better identification of newborns and children. Babies have tiny fingers, thus to get effective fingerprint reading new biometrics use sensors with seven-fold sensitivity over that available in existing fingerprinting tools. The technology can help nonprofits and underdeveloped countries to improve healthcare delivery to infants by resolving identification problems. Trials for biometric for babies in Mexico and Africa by the UC San Diego team were successful and the device will be available to commercial hospitals in the next two years. The team also plans on incorporating features, such as; measuring blood pressure, temperature, and other vital signs of babies. Moreover, fingerprint scanners are contributing to boost patient security. At the IT department of the University of Pittsburgh Medical Center, the installation of fingerprint scanners reduced the time for patient registration in cases of office visits. Thus, not only increasing appointment time but also reduce fraud.
The adoption of facial and iris recognition technology by Northwell Health, a reputed nonprofit integrated healthcare network in New York, is observed to improve the company’s workflow by reducing duplicate medical records. These technologies offer a personalized experience to patients and they feel known throughout their treatment process. The enhanced patient experience offered by the latest biometric technologies improve customer loyalty and expand the consumer base. Thus, effective medical record management and data security in the global healthcare sector is achieved with the application of biometrics.
Smart Wearables Add to the Popularity of Healthcare Biometrics
In the pandemic era, the mass is largely concerned about preventing illnesses and infections, while others are more focused on maintain their well-being in general. Fortunately, the rise in innovative and smart wearable devices with biometric sensors facilitate continuous monitoring of health, by collecting and analyzing real-time personal data, such as; sleep patterns and heart rate, that are proving advantageous in improving healthcare outcome.
Modern biometric sensors offer accuracy, scalability, and flexibility in multiple forms, such as; armbands, smartwatches, and earbuds that are enabled by disruptive technologies, system-on-a-Chips (SoCs) and microcontrollers (MCUs). In addition, the launch of new wearables can measure more than basic biometric data, such as; continuous glucose monitoring, mood and stress monitoring, and blood oxygen saturation (SpO2) monitoring are gaining massive popularity. IoT-enabled biometric solutions are also studied to understand their contribution in the health domain.