Global Smart Card in Healthcare Market

Smart Card in Healthcare Market Size, Share, Growth Analysis, By Type(Hybrid Smart Cards, Contactless Smart Cards, Contact-based Smart Cards, and Dual-interface Smart Cards), By Component(Memory-card Based Smart Cards and Microcontroller Based Smart Cards), By Region - Industry Forecast 2024-2031

Report ID: SQMIG35D2208 | Region: Global | Published Date: February, 2024
Pages: 157 | Tables: 62 | Figures: 77

Smart Card in Healthcare Market News

  • In March 2023, the healthcare provider Mayo Clinic announced that it is using smart cards to track patient vitals and other health data. The new system is expected to improve the quality of care and reduce the risk of medical errors.
  • In February 2023, the pharmaceutical company Pfizer announced that it partnered with the smart card company Gemalto to develop a new smart card-based system for tracking patient medication adherence.
  • In January 2023, the healthcare provider Kaiser Permanente announced that it will be progressing with a new smart card system for its patients. The new system will permit patients to access their medical records, pay their bills, and schedule activities online.
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Smart Card in Healthcare Market size was valued at USD 1.14 Billion in 2022 and is poised to grow from USD 1.28 Billion in 2023 to USD 3.25 Billion by 2031, at a CAGR of 12.4% during the forecast period (2024-2031).

The competitive landscape of the smart card in the healthcare market is characterized by the presence of key players directing on technological advancements and strategic partnerships. Companies like Gemalto, Giesecke+Devrient, and IDEMIA are among the projecting players pouring innovation in smart card technology personalized for healthcare applications. These industry leaders are incessantly investing in research and development to introduce more secure and adaptable smart card solutions. Moreover, partnerships with healthcare providers and government bodies to implement efficient and combined healthcare systems further strengthen the competition. 'Gemalto', 'Thales Group', 'HID Global', 'IDEMIA', 'Giesecke+Devrient', 'Oberthur Technologies', 'Infineon Technologies', 'NXP Semiconductors', 'Atos', 'CardLogix', 'Cardcom Technology', 'Watchdata Technologies', 'VeriFone', 'Ingenico Group', 'Paragon ID', 'Cipurse', 'Athena Smartcard', 'Precise Biometrics', 'CardLogix Corporation', 'TagMaster AB', 'Identiv', 'Versasec'

The growing digitalization of healthcare systems is a vital driver for healthcare. As the healthcare industry holds digital transformation, smart cards are attractive and decisive for firmly storing and managing patient data within electronic health records, telemedicine platforms, and hospital information systems. These cards authorize the main levels of data confidentiality and security, protecting sensitive medical records from unsanctioned access and cyber threats. Additionally, they enable continuous data exchange and access, permitting healthcare providers to suggest more efficient and patient-centric conveniences. The increasing requirement on digital healthcare infrastructure and the essential for robust safety measures in this context are powerful in the adoption of smart cards, creating them a vital component of modern healthcare IT solutions.

The adoption of contactless technology in the market has experiential extraordinary growth due to its important advantages. Contactless smart cards, using technologies have increased widespread acceptance for healthcare applications. Patients and healthcare professionals can admittance information, make transactions, and confirm individualities deprived of the need for physical contact with card readers, dropping the hazard of disease transmission. Additionally, the COVID-19 pandemic enhanced the demand for contactless solutions, as they align with infection control measures and promote a harmless and more efficient healthcare environment. The competence and safety accessible by contactless smart cards make them a vital essential in the advancement of healthcare systems and the protection of sensitive enduring data.

In 2022, Europe protected the largest share of revenue, a special 30.0%. This can be accredited to the cumulative efforts by both governmental and non-governmental organizations to approve vigorous healthcare services, which are expectable to creativity product petitions in this region. Particularly, the issue of European Health Insurance Cards to residents in 32 countries at no cost and the incidence of national healthcare ID cards in numerous European nations are problems probable to stimulate market growth.

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Global Smart Card in Healthcare Market

Report ID: SQMIG35D2208

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