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Healthcare Biometric Market Size & Share to Exceed USD 74.08 billion by 2028, at CAGR of 15.5% Predicting a Surge in Adoption for Enhanced Security Solutions | Transparency Market Research...

BIO-key International, Inc. (BKYI) 
NASDAQ:AMEX Investor Relations: bio-key.com/investors
Company Research Source: Yahoo! Finance
Wilmington, Delaware, United States, Transparency Market Research, Inc., Sept. 02, 2024 (GLOBE NEWSWIRE) -- The global healthcare biometrics market (???? ???? ??) was projected to attain US$ 22.92 billion in 2020. It is likely to garner a 15.5% CAGR from 2021 to 2028, and by 2028, the market is expected to attain US$ 74.08 billion Utilizing biometric identity systems enhances patient privacy, healthcare safety, and quality while preventing and minimizing healthcare fraud and resource waste. The use of biometrics in healthcare is being driven by a number of factors, including the rapid technical improvements in healthcare infrastructure, the rise in accuracy and performance, and the decrease in complexity and cost of biometric equipment. The need to employ biometrics to minimize security breaches as well as medical identity thefts in order to cut healthcare costs is driving the global adoption of biometric systems in the healthcare sector. The healthcare biometrics market in North Show less Read more
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