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Smart Card in Healthcare Market: Current Analysis and Forecast (2021-2027)

Region:Global

Author(s):

Product Code:UMHE21518

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Published on

November 2021

Total pages

253

Table of Content

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About the Report

About the Report

A smart card is a minute portable computer, generally the size of a credit card, having no display or keyboard. It comprises the microprocessor, some memory, and some apps. In the form of SIM cards and credit cards, smart cards are the most common form of IT processing power all over the world. There is a memory chip embedded in the smart card with the processing power to serve many different applications when coupled with a smart card reader.

The rise in Covid-19 has boosted contactless payments, positively impacting the smart card in the healthcare market. In recent times, the contactless interface has become the foremost choice for governments and financial services which is boosting the demand for the Smart Card in the Healthcare market. In addition, the rising digitalization of the healthcare systems all over the world and the utilization of smart cards for the storage of patient data which ensures high levels of security and privacy are anticipated to boost the market growth. The increasing misuse of medical benefits and other frauds in the healthcare industry has grown widespread globally in the past few years. Many national governments are now turning towards smart cards for obtaining medical records of people. Healthcare Insurance Companies mainly issue these smart health cards for the better regulation of claims and other medical practices. Smart Health Cards provide various advantages for medical service providers as well as patients including the following:
Faster medical admission procedure
Reduction in medical frauds (misuse) and identity theft
Decrease in document work for maintaining medical records
Reduction in the overall medical record maintenance cost

Based on Product Type, the market is fragmented into Hybrid Smart Cards, Contactless Smart Cards, Contact-based Smart Cards, and Dual-interface Smart Cards. The Contactless Smart Cards segment dominated the market in 2020 and is expected to grow at lucrative during the forecasted period owing to the increasing adoption of contactless smart cards because of their advantages over contact-based smart cards and no requirement of a reader. They run using radio frequencies or Near Field Communication (NFC) technology which establishes wireless communication between the smart card and wherever it is intended to use. Contactless smart cards are comprised of an antenna coil and a microprocessor chip that enables them to work faster than contact cards. Also, tamper-proof data storage is another driver boosting segment growth. Moreover, the advancements in product technology and increasing awareness among the common people regarding the benefits of smart cards are also anticipated to increase the segment demand. The rising incidents of COVID-19 have positively impacted the contactless smart card market as the World Health Organization (WHO) and other governments organizations globally are advocating the use of contactless smart cards for various purposes to ensure social distancing to contain the spread of the virus.

Based on the Component, the market is bifurcated into Memory-card Based Smart Cards and Microcontroller Based Smart Cards. The microcontroller-based smart cards segment dominated the market in 2020 and is expected to grow at lucrative during the forecasted period. The microcontroller-based smart cards are portable and have vast memory, which is anticipated to boost the growth of this segment during the forecast period. Moreover, the rising adoption of microcontroller-based smart cards in healthcare is also deriving market growth.

For a better understanding of the market adoption of Smart Card in Healthcare, the market is analyzed based on its worldwide presence in the countries such as North America (United States, Canada, and the Rest of North America), Europe (Germany, France, Spain, United Kingdom and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of APAC), and Rest of World. Europe will dominate the Smart Card in the Healthcare market on account of the increasing initiatives by several governments as well as non-government organizations for ensuring good healthcare facilities. The European Health Insurance Cards are issued for free to residents of 32 countries. Many of the European countries have their own national healthcare ID card. Such factors are anticipated to boost market growth. Some of the major players operating in the market include Thales Group, IDEMIA, Giesecke + Devrient GmBH, CPI Card Group, HID Global Corporation, Watchdata, Eastcompeace, Inteligensa, ABCorp, CardLogix. Several M&As along with partnerships have been undertaken by these players to boost their presence in different regions.

Products


Companies

Thales Group, IDEMIA, Giesecke + Devrient GmBH, CPI Card Group, HID Global Corporation, Watchdata, Eastcompeace, Inteligensa, ABCorp, CardLogix

Table of Contents

Table of Contents

1 MARKET INTRODUCTION

1.1. Market Definitions

1.2. Limitation

1.3. Stake Holders

1.4. Currency used in Report

2 RESEARCH METHODOLOGY OR ASSUMPTION

2.1. Research Process of the Smart card in healthcare Market

2.2. Research Methodology of the Smart card in healthcare Market

2.3. Forecasting Method

2.4. Respondent Profile

2.5. Main Objective of the Smart card in healthcare Market Study

3 MARKET SYNOPSIS

4 EXECUTIVE SUMMARY

5 GLOBAL SMART CARD IN HEALTHCARE MARKET COVID-19 IMPACT

6 GLOBAL SMART CARD IN HEALTHCARE MARKET REVENUE (USD BN), 2019-2027F

7 MARKET INSIGHTS BY PRODUCT TYPE

7.1. Hybrid Smart Cards

7.2. Contactless Smart Cards

7.3. Contact-based Smart Cards

7.4. Dual-interface Smart Cards

8 MARKET INSIGHTS BY COMPONENT

8.1. Memory-card Based Smart Cards

8.2. Microcontroller Based Smart Cards

9 MARKET INSIGHTS BY REGION

9.1. North America Smart card in healthcare Market

9.1.1. United States

9.1.2. Canada

9.1.3. Rest of North America

9.2. Europe Smart card in healthcare Market

9.2.1. Germany

9.2.2. U.K.

9.2.3. France

9.2.4. Spain

9.2.5. Rest of Europe

9.3. Asia Pacific Smart card in healthcare Market

9.3.1. China

9.3.2. Japan

9.3.3. India

9.3.4. Australia

9.3.5. Rest of Asia Pacific

9.4. Rest of World Smart card in healthcare Market

10 SMART CARD IN HEALTHCARE MARKET DYNAMICS

10.1. Market Drivers

10.2. Market Challenges

10.3. Impact Analysis

11 SMART CARD IN HEALTHCARE MARKET OPPORTUNITIES

12 SMART CARD IN HEALTHCARE MARKET TRENDS

13 LEGAL & REGULATORY FRAMEWORK

14 DEMAND AND SUPPLY SIDE ANALYSIS

14.1. Demand Side Analysis

14.2. Supply Side Analysis

14.2.1. Top Product Launches

14.2.2. Top Business Partnerships

14.2.3. Top Business Expansions, Investments and Divestitures

14.2.4. Top Merger and Acquisitions

15 VALUE CHAIN ANALYSIS

16 COMPETITIVE SCENARIO

16.1. Competitive Landscape

16.1.1. Company Shares, By Revenue

17 COMPANY PROFILED

17.1. Thales Group

17.2. IDEMIA

17.3. Giesecke + Devrient GmBH

17.4. CPI Card Group

17.5. HID Global Corporation

17.6. Watchdata

17.7. Eastcompeace

17.8. Inteligensa

17.9. ABCorp

17.10. CardLogix

18 DISCLAIMER

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