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Frost & Sullivan Finds Compliance Requirements Drive the Healthcare Security Boom
Date:1/28/2009

MOUNTAIN VIEW, Calif., Jan. 28 /PRNewswire/ -- Security vendors gradually built a strong presence in the healthcare industry after overcoming initial resistance from the medical community. Technological advances and increasing applications within healthcare favor supply side factors. With healthcare staff coming to terms with inevitable compliance standards and the healthcare industry poised to grow at double-digit rates, the market looks highly lucrative over the forecast period.

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New analysis from Frost & Sullivan (http://www.autoID.frost.com), World Healthcare Security Markets, finds that the market earned revenues of $1.66 billion in 2007 and estimates this to reach $5.78 billion in 2014.

If you are interested in a virtual brochure, which provides manufacturers, end users, and other industry participants with an overview of the world healthcare security markets, then send an e-mail to David Escalante, Corporate Communications, at david.escalante@frost.com, with your full name, company name, title, telephone number, company e-mail address, company website, city, state and country. Upon receipt of the above information, an overview will be sent to you by e-mail.

"Use of security applications within the healthcare industry is largely driven by compliance requirements," notes Frost & Sullivan Research Analyst Santosh Antony. "Taking into account the increasing pressure from government bodies, healthcare security is becoming a matter of compulsion rather than choice."

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