Smart Cards in
Healthcare Market to Cross US$ 1 Bn by 2022
According to a new market research report published by
Credence Research “Smart Cards in Healthcare (By Type – Contact-based Smart
Cards, Contactless Smart Cards, Dual-interface Smart Cards and Hybrid Smart
Cards) Market - Growth, Share, Opportunities, Competitive Analysis, and
Forecast 2015 - 2022”
The global smart cards market for healthcare informatics
application was valued at US$ 570.9 Mn in 2014 and is estimated to expand with
a CAGR of 8.6% from 2015 to 2022.
Browse the full
report at http://www.credenceresearch.com/report/smart-cards-in-healthcare-market
Market Insights
Smart cards refer to a pocket-sized device embedded with an
integrated circuit (IC) chip. The IC chip on the card can be memory card-based
or microcontroller-card based depending upon the function of smart cards. Smart
card is used by connecting it to a smart card reader either through direct
physical contact or radio frequency (RF) communication. Thus, the operation of
smart cards is quite similar to the traditional magnetic strip and bar code
cards.
The rising misuse of medical benefits and other frauds in
the industry have grown rampant in the past several years. Many national
governments are now turning towards smart cards for capturing medical records
of people. These smart health cards are typically issued by the healthcare
insurance companies for better regulation of claims and other medical
practices.
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@ http://www.credenceresearch.com/sample-request/57838
Using smart cards
offers 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
Smart health cards are designed to provide better data
security and privacy of patients’ medical history. Additionally, it becomes
easy for complying with various government initiatives and deliver fast and
secure access to critical medical information.
Competitive Insights
The penetration of smart cards in the healthcare sector is
quite niche as compared to the other applications of smart cards. Thus, the
smart card vendors emphasize on developing low cost and secure smart card
solutions for healthcare identity. The global smart cards market is
consolidated in nature with few international players dominating the global
smart cards market.
Major players in the market include Giesecke & Devrient
(G&D) GmbH, Gemalto NV and Oberthur Technologies. Other prominent players
in the market comprise Infineon Technologies AG, NXP Semiconductors NV, Atos
SE, INSIDE Secure SA, CardLogix Corporation and others.
Key Trends
Development of advanced smart cards solutions with better
security and reliability
Smart health card solution with faster medical reimbursement
and lesser errors
Increased security features by including biometric templates
and digital signature of the user
Acquisition and partnerships with smart card manufacturers
as well as component manufacturers
About Us:
Credence
Research is a worldwide market research and counseling firm that serves driving
organizations, governments, non legislative associations, and not-for-benefits.
We offer our customers some assistance with making enduring enhancements to
their execution and understand their most imperative objectives. Over almost a
century, we’ve manufactured a firm extraordinarily prepared to this task.
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