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Smart Card in Healthcare Market 2024 - By Size, Share, Industry Growth Analysis Report By 2033
Smart Card in Healthcare Market
The Business Research Company offers in-depth market insights through Smart Card in Healthcare Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The smart card in healthcare market size has grown rapidly in recent years. It will grow from $1.47 billion in 2023 to $1.63 billion in 2024 at a compound annual growth rate (CAGR) of 10.8%. The growth in the historic period can be attributed to enhanced data security, digitalization of healthcare records, improved patient identification, integration with electronic health records (ehr).
The smart card in healthcare market size is expected to see rapid growth in the next few years. It will grow to $2.67 billion in 2028 at a compound annual growth rate (CAGR) of 13.1%. The growth in the forecast period can be attributed to streamlining workflow efficiency, reduction in medical errors, empowering patients, government initiatives and regulations, efficient healthcare service delivery.. Major trends in the forecast period include enhanced data security measures, biometric integration, contactless smart cards, telemedicine and remote patient monitoring, health information exchange (hie)..
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Market Segmentation:
The smart card in healthcare market covered in this report is segmented -
1) By Type: Contactless Smart Cards, Contact-based Smart Cards, Dual-interface Smart Cards, Hybrid Smart Cards
2) By Component: Memory Card-Based Smart Cards, Microcontroller-Based Smart Cards
3) By Application: Personal Identity, Patient History, Billing and Payment, Security
Major Driver - Rising Adoption Of Smart Cards In Healthcare Drives Market Growth
The increasing inclination of healthcare organizations and governments of various counties towards the adoption of smart cards is driving the growth of the smart card In healthcare market. The institutions and government bodies across the globe are implementing advanced smart technologies to increase transparency across business operations. Smart cards in healthcare provide security and confidentiality of patient data, maintain accurate patient identification at various facilities and geographies, enable secure access to emergency medical information, easy bill payment using the card for a financial transaction, and reduce health care fraud. For instance, in 2021, according to an article published by Medica Magazine, the European Commission took a decision for mandating the introduction of a card-based replacement to its E- 111 paper form for cross-border healthcare. The decision gave impetus to enhancing the usage of smart card technology in healthcare. Therefore, the increasing inclination of healthcare organizations and governments of various counties toward the adoption of smart cards is expected to boost the market during the forecast period.
Competitive Landscape:
Major companies operating in the smart card in healthcare market report are Atos SE, Giesecke+Devrient GmbH, Infineon Technologies AG, Thales Group, CardLogix Corporation, NXP Semiconductors N. V., Texas Instruments Incorporated, IDenticard Systems LLC, SCM Microsystems Inc., IDEMIA France SAS, American Express Company, Mastercard Incorporated, Visa Inc., HID Global Corporation, Ingenico Group SA, Verifone Systems Inc., Heartland Payment Systems Inc., First Data Corporation, Square Inc., PayPal Holdings Inc., Apple Inc., Samsung Electronics Co Ltd., Google LLC, Microsoft Corporation, International Business Machines Corporation (IBM), Oracle Corporation, Cisco Systems Inc., Intel Corporation, Hewlett Packard Enterprise Company
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Top Trend - Innovative Smart Card Technology Driving Advancements In Healthcare
Development of advanced smart card technology is a key trend gaining popularity in the smart card in healthcare market. Leading players in the healthcare smart card market are investing in advanced technologies to expand their customer reach and maintain a competitive edge over their existing competitors in the market. For instance, in March 2020, CardLogix Corporation, released a new edition of BIOSID, which is a robust mobile identity solution featuring multiple biometric modalities (face, fingerprints, iris, signature) and high-security smart card technology.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Smart Card in Healthcare Market Characteristics
3. Smart Card in Healthcare Market Trends And Strategies
4. Smart Card in Healthcare Market - Macro Economic Scenario
5. Smart Card in Healthcare Market Size And Growth
…..
27. Smart Card in Healthcare Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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