The Latin America, Middle East and Africa Biometrics As a Service in Healthcare Market would witness market growth of 20.5% CAGR during the forecast period (2024-2031).
The Brazil market dominated the LAMEA Biometrics As a Service in Healthcare Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $46.8 million by 2031. The Argentina market is registering a CAGR of 21.1% during (2024 - 2031). Additionally, The UAE market would showcase a CAGR of 20.1% during (2024 - 2031).
Biometric authentication can streamline healthcare providers' access to electronic health records (EHRs). Instead of relying on passwords or smart cards, which can be lost or stolen, biometrics offer a more secure and convenient way to access patient information.
Moreover, Medication dispensing systems may incorporate biometric authentication to verify that the appropriate patients receive medications. Healthcare professionals can lower the possibility of prescription errors and enhance patient safety by using biometrics to confirm a patient's identity.
The United Arab Emirates significantly emphasizes artificial intelligence (AI), as the International Trade Administration data indicates. AI is projected to account for around 14% of the UAE economy's total GDP ($96 billion) by 2030, expanding at a compound annual rate of 33.5% from 2018 to 2030. Thus, due to these aspects, the biometrics as a service in healthcare market will expand across the LAMEA region in upcoming years.
Free Valuable Insights: The Worldwide Biometrics As a Service in Healthcare Market is Projected to reach USD 2.4 Billion by 2031, at a CAGR of 17.5%
Based on Component, the market is segmented into Software and Services. Based on Solution Type, the market is segmented into Fingerprint Scanning, Facial Recognition, Iris Recognition, Voice Recognition, Palm & Vein Recognition and Others. Based on Modality, the market is segmented into Multimodal and Unimodal. Based on Application, the market is segmented into Medical Record Security & Data Center Security, Patient Identification & Tracking, Care Provider Authentication, Remote Patient Monitoring, Pharmacy Dispensing and Others. Based on End User, the market is segmented into Hospitals & Clinics, Long term care centers & home care settings, Ambulatory Surgical Centers and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
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