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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 that can be used for various electronic applications. These devices are used by connecting them to a smart card reader by physical or contactless connection. Smart cards equipped with IC chips that can hold more information as compared to the traditional magnetic strip and bar code cards. This enables better security features making cloning and other misuse of smart cards difficult. Due to better security over traditional cards, the demand for smart cards is expected to 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 the governments as well as 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, better admission process and significant curb on the 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 cards market is expected to witness high growth in the coming years.


smart cards in healthcare market

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 the duration 2013 to 2022. The said research study covers in-depth analysis of multiple market segments based on types, components and cross-sectional study across different geographies specific to the healthcare industry. The study covers the comparative analysis of different segments for the years 2014 & 2022. The report also provides a prolific view on market dynamics such as market drivers, restraints and opportunities.

In order to help strategic decision makers, the report also includes competitive profiling of the leading smart cards system vendors, their SCOT (Strength, Challenges, Opportunities and Weaknesses) analysis, market positioning and key developments. Some of 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 and others. 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 cards systems market, offering market size and estimates for the period from 2015 to 2022, keeping in mind the above mentioned factors.

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

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

smart cards in healthcare market

The global smart cards market was dominated by the microcontroller-based smart cards segment, as of 2014. The microcontroller-based smart cards are capable of storing larger amount of information as compared to the memory card-based smart cards. Additionally, due to 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 the traditional magnetic strip cards and paper work. Since microcontroller-based smart cards offer better security, these type of cards are the prominent choice for issuing smart health cards to the patients. As a result, the microcontroller-based smart cards segment is expected to enjoy its dominance in the market throughout the forecast period.

On the basis of geography, the global smart cards in healthcare market is segmented as per following 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

smart cards in healthcare market

In 2014, the smart cards in healthcare market was 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 over healthcare information technology (IT) systems. The 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 healthcare market is followed by the North America region accounting for the second largest share, in terms of revenue of the global market. The U.S. and Canada are among the leading countries, in terms of expenditure over healthcare IT systems. Due to stringent laws against the medical fraudulent activities, the region is estimated to continue showing strong growth in the coming years.

Asia Pacific is estimated to emerge as the fastest growing region for healthcare smart cards market during the forecast period. Countries such as India, South Korea and China have already issued the 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.

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Published Date:  May 2016
Category:  Healthcare
Report ID:   57838
Report Format:   PDF
Pages:   120
Rating:    4.2 (50)
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