Global Smart Card in Healthcare Market Share Report Forecast 2024 - 2033
7 May, 2024
The smart card in healthcare market has demonstrated rapid growth, escalating from $1.47 billion in 2023 to $1.63 billion in 2024, with a CAGR of 10.8%. Historical growth can be attributed to the emphasis on enhanced data security, digitalization of healthcare records, improved patient identification methods, and integration with Electronic Health Records (EHR). Forecasts predict robust growth to $2.67 billion by 2028, with a CAGR of 13.1%, driven by efforts to streamline workflow efficiency, reduce medical errors, empower patients, and government initiatives promoting digital healthcare. Key trends in this market include enhanced data security measures, integration of biometric authentication methods, adoption of contactless smart cards, expansion of telemedicine services, and promotion of health information exchange platforms.
Major Driver In The Smart Card in Healthcare Market
The smart card in healthcare market is witnessing a boost due to the increasing inclination of healthcare organizations and governments towards smart card adoption, offering enhanced security and confidentiality of patient data, accurate patient identification, and secure access to medical information. The European Commission's mandate for smart card technology in cross-border healthcare further promotes the integration of smart cards in the healthcare sector.
Request A Free Sample Of The Global Smart Card in Healthcare Market ReportSmart Card in Healthcare Market Competitive Landscape
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
Key Smart Card in Healthcare Market Trend
The healthcare smart card market is also witnessing a surge in advanced technology development. Key players are investing in technologies such as biometrics and high-security smart card technology to expand their market reach and maintain competitiveness. For instance, in March 2020, CardLogix Corporation launched a new edition of BIOSID, a mobile identity solution featuring multiple biometric modalities and robust smart card technology.
Get The Full Global Smart Card in Healthcare Market ReportSmart Card in Healthcare 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
By Geography:The regions covered in the smart card in healthcare market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Canada, Spain.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.
The Smart Card in Healthcare Global Market Report 2024 furnishes information about the global smart card in healthcare market, encompassing details like market size, projections for growth, segmentation across various sectors and regions, and an overview of competitors, including their revenues, profiles, and market shares. Furthermore, the report pinpoints potential opportunities and strategic directions derived from market trends and the strategies adopted by key competitors. The report also offers an assessment of how the COVID-19 pandemic, the Russia-Ukraine conflict, and increasing inflation have affected both global and regional markets, furnishing valuable strategic insights for businesses.