Scope of the Study
A smart card is a form of a small plastic card that is embedded with an integrated circuit (IC) chip. This chip works like a microprocessor which makes the smart card highly suitable for various electronic applications. The chip that is present on the card is used for various purposes such as to store, calculate, manage, and safely access some personal valuable data or information whenever needed can be read by a card reading machine or some other system. Smart cards use an encrypted algorithm for the data management and are therefore considered to be much safer than any of the magnetic strip cards. Smart cards are broadly used so as to handle all the sensitive information like the identity, personal health information, and finances due to the additional security features that it offers. Smart cards are also widely used in many of the key applications like banking and financial corporations, government authorities, telecommunications, health care services, entertainment, and transportation. Smart card usage in the health care sector has received massive popularity in the past few years. This can further be attributed to the many value-added features that the usage of the smart card can offer to the patients and the providers. With these health care facilities in the past few years, the maintenance of all the health data has become very essential, yet it is sometimes tiring process in some of the large facilities. At present, the health care organizations all around are widely using smart health cards which hereby offer a very wide range of applications. With the usage of smart cards in the health care, it can help in further enhancing the security and the privacy of patient data, maintain precise patient identification all across the various facilities and geographies, hence providing secure access to all the emergency medical information, reduced health care frauds, easy bill payment with the help of the card, offers a much secure medium for the convenient storage of the medical records, and therefore permitting a better agreement with all the government initiatives as well as for instructions.
The market study is being classified by Type (Contact-Based Smart Cards, Contactless Smart Cards, Dual-Interface Smart Cards and Hybrid Smart Cards), by Application (Hospitals, Healthcare Systems and Others) and major geographies with country level break-up.
Giesecke& Devrient (G&D) GmbH (Germany), Gemalto NV (Netherlands), CardLogix Corporation (United States), Atos SE (France), American Express Company (United States), Identicard (United States), Oberthur Technologies SA (France), Infineon Technologies AG (Germany) and VeriFone Holdings, Inc. (United States) are some of the key players profiled in the study.
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products, and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies. Research Analyst at AMA predicts that European Players will contribute to the maximum growth of Global Smart Cards In Healthcare market throughout the predicted period.
AdvanceMarketAnalytics has segmented the market of Global Smart Cards In Healthcare market by Type, Application and Region.
On the basis of geography, the market of Smart Cards In Healthcare has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Increasing Deployment in Personal Identification and Access Control Application
- Widespread Use in Travel Identity and Transportation
- Increase in the Convenience of Banking Transactions
- Reduction in Chances of Fraudulence
- High Demand for Smart Cards in Payment Applications
- Government Initiation to Support Smart Card
- Increase in Zero Error Functioning
- High Cost of Initial Implementation for the Healthcare Sectors
- Increasing Digitization across the World
- Technological Advancements in the Banking Process
- Lack of Awareness about Smart Card Technology in Healthcare in Developing Regions
The Homeland Security Presidential Directive - 12 (HSPD-12) requires federal agencies to use a standard smart credential to verify the identities of all employees and contractors accessing federal buildings and information systems. The directive mandates that all government personnel obtain Personal Verification Identification (PIV) cards, which enhance security, increase government efficiency, reduce identity fraud, and protect personal privacy.
Key Target AudienceService Providers of Data Modeling Software, End-Users, Potential Investors, Market Research Firms, Regulatory Bodies and Others
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