Published Date: 26-Sep-2021
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According to a new report Global Smart Card in Healthcare Market, published by KBV research, The Global Smart Card in Healthcare Market size is expected to reach $2.3 billion by 2027, rising at a market growth of 13% CAGR during the forecast period.
Contactless smart cards dominated the market with the maximum share in 2020. The increasing adoption of contactless healthcare smart cards due to the benefits offered by them over contact-based smart cards and no need for a reader is projected to bolster the growth of the segment. These cards operate by utilizing NFC technology or radio frequencies that set up wireless communication between the smart card and the place where it is used.
The memory-card-based smart cards segment has the second-highest share in the market in 2020 because these cards are generally utilized for temporal objectives. The memory capacity of these cards is relatively low and is generally scrapped after its usage. In addition, the stored information in this card cannot be changed or altered.
Europe emerged as the prominent region in the smart card in healthcare market in 2020. The increasing initiatives by numerous governments along with non-government organizations for facilitating better healthcare facilities are estimated to spur the demand for the product in the region. The European Health Insurance Cards are allotted to residents of 32 nations for free of cost. There are several nations across this region that has their own national healthcare ID card. All these aspects are projected to augment the regional growth of the market.
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Infineon Technologies AG, Texas Instruments, Inc., NXP Semiconductors N.V., Thales Group S.A., Atos Group, Giesecke & Devrient GmbH, American Express Company, VeriFone Holdings, Inc. (Francisco Partners), IDEMIA SAS (Advent International, Inc.) and CardLogix Corporation.
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