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Smart Card in Healthcare Market 2024-2033: Latest Trends, Recent Developments, Growth Strategy And Major Players
Smart Card in Healthcare Market
As per the report, 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 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%.
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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.
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 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
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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
Contents of the report:
1. Executive Summary
2. Smart Card in Healthcare Market Report Structure
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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