Reportstsack Announces the Publication of its Research Report - Global Biometrics Market in the Healthcare Industry 2014-2018. Reportstack recognizes the following companies as the key players in the Global Biometrics Market in the Healthcare Industry: 3M Cogent Inc., BIO-Key International Inc., Cross Match Technologies Inc., DigitalPersona Inc., Fujitsu Ltd., M2SYS LLC, NEC Corp., Safran SA, and Suprema Inc.
“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.”
According to the report, there are many drivers contributing to the Global Biometrics market in the Healthcare industry, the most important of which is the high adoption of biometrics by hospital management. Lately, there has been a substantial increase in the adoption of biometrics by hospitals. They are increasingly adopting biometrics to keep track of doctors' activities and to secure patient records. Further, the report states that one of the key challenges in this market is the strong competition from inexpensive non-biometric technologies. Swipe cards, token-based two-factor authentication, and software authentication are some of the low-cost alternative technologies available in the market. The availability of these technologies is affecting the demand for biometrics, thereby hindering the growth of the Global Biometrics market in the Healthcare industry.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit http://www.reportstack.com/product/149100/global-biometrics-market-in-the-healthcare-industry-2014-2018.html.