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Smart Cards In Healthcare Market By Type (Contact-Based Smart Cards, Contactless Smart Cards, Dual-Interface Smart Cards, Hybrid Smart Cards), By Component (Memory Card-Based Smart Cards, Microcontroller-Based Smart Cards) - Growth, Share, Opportunities & Competitive Analysis, 2015 - 2022

Smart cards are integrated circuit (IC-based) devices for various electronic applications. These devices are used by connecting to a smart card reader by physical or contactless connection. Smart cards are equipped with IC chips that can hold more information than traditional magnetic strips and bar code cards. This enables better security features making cloning and another misuse of smart cards difficult. Due to better security over traditional cards, the demand for smart cards will continue accelerating in the coming years. Smart cards are already being used across various applications, including payment (credit/debit cards), telecommunication, ID cards, and others.

Due to rising fraudulent activities in the healthcare sector, it becomes essential for governments and healthcare insurance companies to build a secure medical information infrastructure. Smart cards are highly secure and offer various benefits such as reduced overall medical record maintenance costs, reliability, a better admission process, and a significant curb on fraudulent activities. Smart cards are capable of operating on the existing infrastructure (e.g., magnetic strip cards), which makes them cost-effective for healthcare organizations equally. Due to these factors, the healthcare smart card market is expected to witness high growth in the coming years.

The report titled "Global Smart Cards in Healthcare Market- Growth, Share, Opportunities and Competitive Analysis, 2015 – 2022" offers strategic insights into the global smart cards market along with the market size and estimates for 2013 to 2022. The said research study covers an in-depth analysis of multiple market segments based on types, components, and cross-sectional studies across different geographies specific to the healthcare industry. The study covers the comparative analysis of different segments for 2014 & 2022. The report also provides a prolific view of market dynamics, such as market drivers, restraints, and opportunities.

To help strategic decision makers, the report also includes competitive profiling of the leading smart card system vendors, their SCOT (strengths, Challenges, Opportunities, and Weaknesses) analysis, market positioning, and key developments. The major players profiled in the report are Giesecke & Devrient (G&D) GmbH, Gemalto NV, Oberthur Technologies, Infineon Technologies AG, NXP Semiconductors NV, Atos SE, INSIDE Secure SA, CardLogix Corporation, American Express Company.

Other in-depth analysis provided in the report includes:

  • Current and future market trends to justify the forthcoming attractive markets within the smart cards industry
  • Market fuelers, market impediments, and their impact on the market growth
  • In-depth competitive environment analysis
  • Trailing 2-Year market size data (2013 – 2014)
  • SRC (Segment-Region-Country) Analysis

Overall, the research study provides:

  • A holistic view of the global smart card systems market.
  • Offering market size and estimates for the period from 2015 to 2022.
  • Keeping in mind the factors mentioned above.

The global smart cards in the healthcare market are segmented, based on their types, into the following categories.

  • Contact-based Smart Cards
  • Contactless Smart Cards
  • Dual-interface Smart Cards
  • Hybrid Smart Cards

As of 2014, contact-based smart cards accounted for the largest market share, in terms of revenue, of the global smart cards market. Contact-based cards are easy to use and can be easily incorporated into the existing infrastructure. Additionally, due to the lower price of these cards compared to the other types, the segment's dominance is estimated to persist throughout the forecast period.

Nevertheless, the contactless smart cards segment is estimated to register the highest growth in the global smart cards market during the forecast period. Medical information is prone to various threats, such as information theft/misuse, fraudulent claims, and others. Contactless cards offer better security as compared to contact-based cards and are cheaper as compared to dual-interface and hybrid smart cards. This is the prime factor anticipated to fuel the adoption of contactless smart cards in the global market.

Further, the dual-interface and hybrid smart card segments are expected to witness robust growth in the coming years. Despite the higher cost of these cards, the security features offered by these smart cards are highly reliable compared to contact-based and contactless smart cards. As a result, the segments are expected to register strong adoption in the healthcare sector in the coming years.

The global healthcare smart cards market is segmented, based on its components, into the following categories.

  • Memory Card-based Smart Cards
  • Microcontroller-based Smart Cards

The global smart cards market dominated the microcontroller-based smart cards segment as of 2014. The microcontroller-based smart cards are capable of storing larger amounts of information as compared to the memory card-based smart cards. Additionally, due to the larger information stored, these cards offer better security features and can carry out the on-card functions. Thus, it becomes easy to update the medical information of the patient, thereby reducing instances of misuse.

The introduction of smart cards to the healthcare industry is majorly due to their better security features and reliability as compared to traditional magnetic strip cards and paperwork. Since microcontroller-based smart cards offer better security, these cards are the prominent choice for issuing smart health cards to patients. As a result, the microcontroller-based smart cards segment is expected to enjoy its dominance in the market throughout the forecast period.

Based on geography, the global smart cards in the healthcare market are segmented into regions and countries.

  • North America
  • U.S.
  • Rest of North America
  • Europe
  • EU7 (U.K., France, Germany, Spain, Italy, Belgium, and the Netherlands)
  • CIS
  • Rest of Europe
  • Asia Pacific
  • Japan
  • China
  • South Asia
  • Australasia
  • Rest of Asia Pacific
  • Rest of the World
  • Middle East & Africa
  • Latin America

In 2014, the smart cards in the healthcare market were dominated by the Europe region contributing to more than one-third of the total market revenue. The market here is mainly governed by the strong investment in healthcare information technology (IT) systems. Smart healthcare cards are popularly used across countries such as the U.K., Belgium, Spain, Germany, France, Austria, Russia, and other European Union countries.

The Europe smart cards in the healthcare market are followed by the North American region accounting for the second largest share in revenue in the global market. The U.S. and Canada are among the leading countries in expenditure on healthcare IT systems. Due to stringent laws against fraudulent medical activities, the region is estimated to continue showing strong growth in the coming years.

The Asia Pacific is estimated to emerge as the fastest-growing region for the healthcare smart cards market during the forecast period. Countries such as India, South Korea, and China have already issued programs for smart health card rollout. This is expected to emerge as the prime factor for high growth in the region during the forecast period.

Frequently Asked Questions:

The market for Smart Cards In Healthcare Market is expected to reach US$ XX Bn in 2022.

The Smart Cards In Healthcare Market market is expected to see significant CAGR growth over the coming years, at XX %.

The report is forecasted from 2016-2022.

The base year of this report is 2021.

Giesecke & Devrient (G&D) GmbH, Atos SE, INSIDE Secure SA, CardLogix Corporation, Texas Instruments, Inc., are some of the major players in the global market.

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Published Date:  May 2016
Category:  Healthcare
Report ID:   57838
Report Format:   PDF
Pages:   120
Rating:    4.2 (50)
Delivery Time: 24 Hours to 48 Hours   
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