New York, March 2022: Axiom Market Research & Consulting™ added a report on smart card in healthcare market which includes study on product type, component, application, and geography. Smart card in healthcare market was projected to grow at a CAGR of 13.00% for the forecast period 2022 to 2028. The global market is estimated and forecasted in terms of revenue (USD Million) generated by the smart card in healthcare market.

The increasing digitalization of the healthcare systems across the globe, increasing concerns related to the security, privacy of the patient information, growing demand for better patient data management systems, growing awareness for the smart card in the healthcare for the different application, decreased medical error, expedites the admission process, decrease in the healthcare cost, expedites claims reimbursements, decreasing the incidence of the medical identity theft has been driving the growth of the smart card in healthcare market during the forecast period. 

The report analyses the smart card in healthcare market based on product type, component, application and geography. By product type, the smart card in healthcare market is segmented into hybrid smart cards, contactless smart cards, contact-based smart cards, and dual-interface smart cards. By component, the smart card in healthcare market are memory-card based smart cards and microcontroller based smart cards. By application, the smart card in healthcare market is segmented into billing & payment, patient history, personal identity and security. Based on the geography, the smart card in healthcare market is studied for the regions including North America, Europe, Asia Pacific, and Rest of the World. 

Contactless smart card product type segment is expected to dominate smart card in healthcare market

The advantages of contactless smart card in the healthcare facilities, help for minimizing the overhead dealing with the biometric template management and distribution, the contactless smart card allows biometric template to be carried by the card holder, offering a stronger level of authentication and security have been driving the growth of the segment in the smart card in healthcare market during the forecast period. 

Microcontroller component segment is expected to have high demand in smart card in healthcare market

The microcontroller based smart care has been specifically designed and developed for the human management which is adding an advantage for the management in the healthcare facilities, and these microcontroller smart cards mostly facilitate the intelligent communication and also have the abilities of on card dynamic data processing have been driving the growth of segment in smart card on healthcare market during the forecast period. 

Billing & payment application segment is expected to have growing demand for smart card in healthcare market

The developing technology, along with the segment is using a smart cards have been specifically providing a safe and secure means of conducting the financial transaction as life goes easier and to go cashless has been driving the growth of the segment in the smart card in healthcare market during the forecast period. 

North America is estimated to have high market share in the smart card in healthcare market

The increasing technological advancement, well developed healthcare facilities and infrastructure, favourable government initiative, rising concerns related to the security and privacy of patient information has been driving the growth of the smart card in healthcare market in the region of North America during the forecast period. 

Key Players:

The key players in the smart card in healthcare market are Giesecke+Devrient GmbH, Atos Se, Infineon Technologies AB, NXP Semiconductors, Texas Instruments Incorporated, Thales Group, CardLogix Corporation, IDenticard Systems, American Express Company, Gemalto NV, INSIDE Secure SA, Oberthur Technologies SA, VeriFone Holdings, Inc. and SCM Microsystems.

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