Research and Markets (http://www.researchandmarkets.com/research/c6bprf/global_biometrics)
has announced the addition of the "Global
Biometrics Market in the Healthcare Industry 2014-2018" report
to their offering.
The analysts forecast the Global Biometrics market in the Healthcare
industry to grow at a CAGR of 31.95 percent over the period 2013-2018.
One of the key factors contributing to this market growth is the high
adoption of biometrics by hospital managements. The Global Biometrics
market in the Healthcare industry has also been witnessing the rapid
technological advancement. However, the strong competition from
inexpensive non-biometric technologies could pose a challenge to the
growthof this market.
Key vendors dominating this space are 3M Cogent Inc., Bio-Key
International Inc., Cross Match Technologies Inc., DigitalPersona Inc.,
Fujitsu Ltd., M2SYS LLC, NEC Corp., Safran SA, and Suprema Inc.
Other vendors mentioned in the report are Aware Inc., Biometix Pty Ltd.,
Lumidigm, Inc., Siemens AG, and ZKTeco Inc.
Commenting on the report, an analyst from the team said: One of the most
prominent trends witnessed in the market is the increasing number of
mergers and acquisitions. The Global Biometrics market in the Healthcare
industry is witnessing increasing consolidation, which is expected to
continue in the future. Both existing vendors and new entrants prefer
the acquisitive route to either enter the market or broaden their
portfolio of offerings. For instance, Safran completed the acquisition
of biometric solution provider L-1 Identity Solutions in the second
quarter of 2011 for US$1 billion. The acquisition helped Safran become a
leading player in the Global Biometrics market. 3M completed the
acquisition of Cogent Inc. in December 2010 for US$943 million. Cogent
manufactures biometric recognition systems that allow governments and
businesses to identify individuals by their fingers, palms, faces, and
For more information visit http://www.researchandmarkets.com/research/c6bprf/global_biometrics
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