The Business Research Company’s report on the Smart Card in Healthcare Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
What are the key drivers behind the smart card in healthcare market’s growth in recent years?
The growing data breaches and unauthorized access in healthcare portals is driving the growth of the smart card in the healthcare market. Data breaches and unauthorized access in healthcare portals refer to incidents where sensitive patient information is compromised due to inadequate security measures or malicious attacks. Growing data breaches and unauthorized access in healthcare portals are driven by increasing cyber threats, inadequate security protocols, and the rising digitization of healthcare records. Smart card use in data breaches and cyber-attacks can mitigate risks by providing secure authentication and encryption. For instance, in September 2024, according to a report by Check Point, an Israel-based software security provider, during January to September 2024, the healthcare sector experienced an average of 2,018 attacks per organization each week globally. This represents a 32 percent increase compared to the same timeframe in the previous year. Therefore, the growing data breaches and unauthorized access in healthcare portals is expected to boost the market during the forecast period.
Access Your Free Sample of the Global Smart Card in Healthcare Market Report – Get Insights Now!
https://www.thebusinessresearchcompany.com/sample.aspx?id=7172&type=smp
How does the future projection of the smart card in healthcare market size compare to its historical growth?
The smart card in healthcare market size has grown strongly in recent years. It will grow from $1.59 billion in 2024 to $1.75 billion in 2025 at a compound annual growth rate (CAGR) of 9.7%. The growth in the historic period can be attributed to enhanced data security, digitalization of healthcare records, improved patient identification, integration with electronic health records (EHR).
The smart card in healthcare market size is expected to see rapid growth in the next few years. It will grow to $3.13 billion in 2029 at a compound annual growth rate (CAGR) of 15.7%. The growth in the forecast period can be attributed to streamlining workflow efficiency, reduction in medical errors, empowering patients, government initiatives and regulations, efficient healthcare service delivery. Major trends in the forecast period include enhanced data security measures, biometric integration, contactless smart cards, telemedicine and remote patient monitoring, health information exchange (HIE).
Gain Exclusive Market Insights—Customize Your Research Report Today For Fast Delivery!
https://www.thebusinessresearchcompany.com/customise?id=7172&type=smp
Which key players are shaping the future of the smart card in healthcare market?
Major companies operating in the smart card in healthcare market include 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., Square 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
What trends will propel the growth and evolution of the smart card in healthcare market?
Major companies operating in smart cards in the healthcare market are developing advanced solutions such as payment cards to expand their customer reach and maintain a competitive edge over their existing competitors in the market. A payment card is a digital or physical card that allows patients to pay for medical services and treatments directly, simplifying the claims process and reducing the need for reimbursement claims. For instance, in February 2024, AXA Global Healthcare, a UK-based software company, rolled out its new virtual healthcare payment card, designed to streamline the claims process for customers. A recent survey indicated that time and administration are major obstacles in making health insurance claims. The virtual card can be added to digital wallets including Apple Pay or Google Pay, allowing members to pay for eligible outpatient treatments, such as over-the-counter prescriptions, directly without using personal funds or filing lengthy claims. Research shows that many international claims are for low-value expenses, often self-paid, which makes the claims process cumbersome for members.
Which regions are expected to become dominant players in the smart card in healthcare market?
Asia-Pacific was the largest region in the smart card in healthcare market in 2024, and it is also expected to be the fastest-growing region in the forecast period. The regions covered in the smart card in healthcare market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Order Your Report Now For Swift Delivery
https://www.thebusinessresearchcompany.com/report/smart-card-in-healthcare-global-market-report
What are the emerging key segments in the smart card in healthcare market, and how are they evolving?
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
Subsegments:
1) By Contactless Smart Cards: RFID-Based Healthcare Cards, NFC-Enabled Health Cards
2) By Contact-Based Smart Cards: Chip-Based Medical ID Cards, Health Insurance Cards
3) By Dual-Interface Smart Cards: Cards That Support Both Contact And Contactless Transactions, Multi-Application Healthcare Cards
4) By Hybrid Smart Cards: Cards Combining Various Functionalities
Purchase The Exclusive Report Now To Unlock Valuable Market Insights:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=7172
How is the smart card in healthcare market defined, and what are its core characteristics?
A smart card is a plastic card embedded with a computer chip that stores and transacts data between users. The data is associated with either value or information or both and is stored and processed within the card’s chip. Smart health cards manage patient identity and give practitioners and pharmacists secure access to their medical records. Identifying the patient is the cornerstone of quality medical care and good health system management. The smart card in healthcare is used for various operational activities in healthcare industry.
About The Business Research Company:
With over 15000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead.
Our flagship product, the Global Market Model, is a premier market intelligence platform delivering comprehensive and updated forecasts to support informed decision-making.
Contact Us:
The Business Research Company
https://thebusinessresearchcompany.com/
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: [email protected]
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
