SAN FRANCISCO, June 28, 2021 / PRNewswire / – The Global Healthcare Smart Card is expected to reach market size $ 2.46 billion by 2028, according to a new report from Grand View Research, Inc. It is expected to grow at a CAGR of 12.4% from 2021 to 2028. Growing initiatives by market participants and governments of different countries to introduce smart cards in the healthcare system are fueling the market growth. Additionally, smart card compliance with HIPAA as well as ARRA is expected to fuel market growth.
Important findings and findings:
- According to product type, the contactless segment had the dominant share of over 28.0% in 2020 due to the high demand worldwide
- In terms of components, the segment of microcontroller-based smart cards held the largest share of more than 55.0% in 2020 due to the portability and large storage capacities of these smart cards.
- In 2020, Europe held the dominant share of over 30.0% due to the presence of large market players in the region and government initiatives to introduce smart cards in the healthcare sector
- Asia Pacific held the second largest share of sales in 2020 and is expected to show the fastest growth in the forecast period. The increasing digitization of health systems in countries such as India, drives market growth
- North America lucrative growth is expected in the forecast period due to the technologically advanced health infrastructure, coupled with favorable government initiatives
Read the 163-page market research report “Smart Cards in Healthcare Market Size, Share and Trend Analysis Report by Product Type (Hybrid, Contactless, Contact-Based, Dual Interface), by Component (memory card-based, microcontroller-based), by Region and Segment Forecasts, 2021-2028”, by Grand View Research.
Similar to other markets, the healthcare smart card market has been hit hard by COVID-19. Key effects of COVID-19 on the market include supply chain disruptions, declining sales, and low demand. Companies like the Thales Group saw flat growth in their smart card product segment. Therefore, the overall impact of COVID-19 on the market was neutral.
The flexibility offered by smart cards to securely add information to a patient card after it is issued is expected to fuel market growth. This factor offers several advantages for healthcare applications. Patient prescriptions can be written on the card to provide up-to-date information when a patient is receiving medical care from multiple providers or in an emergency; Patient record identification or multiple patient identification numbers can be stored on the smart card, which enables files to be exchanged and supports care coordination between multiple healthcare providers; and patient health information can be stored and updated on the card by certified healthcare providers, with updated information accessible to both healthcare providers and patients.
The market is very competitive as the most important participants are represented alongside other manufacturers of chip cards for health applications. These actors are involved in new product launches, acquisitions and partnerships in order to gain a competitive advantage over one another. For example in March 2020CardLogix Corporation has launched a new edition of BIOSID, a rugged biometric tablet solution. In doing so, she is expanding her product portfolio.
Grand View Research has segmented the global Healthcare Smart Cards Market by Product Type, Component, and Region:
- Health Product Type Smart Card Outlook (Revenue, MILLION USD, 2016-2028)
- Hybrid
- Contactless
- Contact based
- Dual interface
- Healthcare Smart Card Outlook (Revenue, $ Mn, 2016-2028)
- Memory card based
- Microcontroller based
- Regional Outlook for Smart Cards in Healthcare (Revenue, US $ Mn, 2016-2028)
- North America
- Europe
- United Kingdom
- Germany
- France
- Italy
- Spain
- Asia Pacific
- Latin America
- middle East & Africa
- South Africa
- Saudi Arabia
List of the major players in the Smart Card in Healthcare Market
- SE laws
- Giesecke + Devrient GmbH
- Infineon Technologies AB
- NXP Semiconductors
- Texas Instruments Incorporated
- Thales group
- CardLogix Corporation
- IDenticard systems
Additional research reports on the global healthcare IT industry from Grand View Research:
- AI-Based Surgical Robots Market – The global AI-Based Surgical Robots market size has been estimated at $ 5.0 billion in 2020 and is expected to grow at an average annual growth rate (CAGR) of 17.2% from 2021 to 2028.
- Biohacking Market – The global biohacking market size has been increased with. rated $ 15.42 billion in 2020 and is expected to grow at an average annual growth rate (CAGR) of 19.4% from 2021 to 2028.
- AI Based Clinical Trial Solution Providers Market – The global AI Based Clinical Trial Solution Providers market size has been estimated at $ 1.1 billion in 2020 and is expected to grow at an average annual growth rate (CAGR) of 21.7% from 2021 to 2028.
Get access to Grand View Compass, our BI-enabled, intuitive market research database with over 10,000 reports
Via Grand View Research
Grand View Research, a US-based market research and advisory firm, provides both syndicated and bespoke research reports and advisory services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants who add more than 1200 market research reports to its extensive database each year. These reports provide detailed analysis of 46 industries in 25 major countries around the world. Using an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutions understand the global and regional business environment and assess the opportunities ahead.
Contact:
Sherry James
Specialist in corporate sales, United States
Grand View Research, Inc.
Phone: 1-415-349-0058
Toll Free: 1-888-202-9519
E-mail: [email protected]
Internet: https://www.grandviewresearch.com
Follow us: LinkedIn | Twitter
SOURCE Grand View Research India Pvt Ltd
source https://dailyhealthynews.ca/smart-card-in-healthcare-market-size-to-reach-2-46-billion-by-2028-grand-view-research-inc/
No comments:
Post a Comment