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Stock impact report

Biometrics as a Service in Healthcare Market is Expected to Reach $1.1 billion | MarketsandMarkets™ [Yahoo! Finance]

BIO-key International, Inc. (BKYI) 
NASDAQ:AMEX Investor Relations: bio-key.com/investors
Company Research Source: Yahoo! Finance
in 2023 and is poised to reach $1.1 billion by 2028, growing at a CAGR of 20.7% from 2023 to 2028 according to a latest report published by MarketsandMarkets™. Biometric authentication in healthcare plays a pivotal role in elevating patient care standards and boosting the market's growth trajectory. By providing precise patient identification, biometrics significantly curtail medical errors, ensuring that patients receive accurate treatments and medications. Moreover, this technology enhances patient safety by safeguarding sensitive medical data and streamlining healthcare processes, improving operational efficiency and fueling market expansion. The complexity and time-consuming nature of ensuring seamless integration of biometric systems within the current healthcare IT infrastructure can potentially act as a deterrent, impeding the market's growth trajectory. This intricate process necessitates meticulous attention to detail and substantial investments in terms of both time and re Show less Read more
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