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Smart Card in Healthcare Global Market Report 2024 To 2033 |Atos SE, Giesecke+Devrient GmbH, Infineon Technologies AG, Thales Group, CardLogix Corporation
Smart Card in Healthcare Market Share
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According to The Business Research Company's, 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 Drivers and Trends:
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.
Product innovations have emerged as the key trend gaining popularity in the 5G chipset market. The major players in the market are developing innovative products for market growth. For instance, in June 2021, Samsung Electronics, a South Korea-based electronics company, developed 3GPP Rel.16 compliant chipsets, a range of next-generation 5G chipsets that deliver cutting-edge 5G technologies. The new chipsets consist of a second-generation 5G modem System-on-Chip (SoC), a third-generation mmWave Radio Frequency Integrated Circuit (RFIC) chip, and a Digital Front End (DFE)-RFIC integrated chip. These are designed to increase power efficiency, boost performance, and reduce the size of 5G solutions.
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Major Key Players of the Market:
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
Smart Card in Healthcare Market 2024 Key Insights:
• 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%.
• Rising Adoption Of Smart Cards In Healthcare Drives Market Growth
• Innovative Smart Card Technology Driving Advancements In Healthcare
• Asia-Pacific was the largest region in the smart card in healthcare market in 2023, and it is also expected to be the fastest-growing region in the forecast period
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