|By Business Wire||
|January 23, 2014 07:12 AM EST||
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 growth of 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 irises.
For more information visit http://www.researchandmarkets.com/research/c6bprf/global_biometrics
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