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Global Smart Card in Healthcare Market By Product, By Component, By Regional Outlook, COVID-19 Impact Analysis Report and Forecast, 2021 - 2027

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    Report

  • 181 Pages
  • August 2021
  • Region: Global
  • Marqual IT Solutions Pvt. Ltd (KBV Research)
  • ID: 5448205

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. Smart cards in healthcare offer more privacy and security for managing personal data like personal health data and identity. In addition, this smart card validates a patient’s identity at the time of medical care and helps in health system management.



The increasing adoption of smart cards in managing patient data with patient management is expected to boost the growth of smart cards in healthcare market. In addition, the surging usage of these smart cards decrease the chances of medical errors and reduce healthcare costs, which are estimated to surge the adoption of smart cards in the healthcare sector. Along with that, these smart cards have an embedded electronic chip with an integrated circuit, which decreases incidence regarding medical identities like fraud and theft. Due to these aspects, the smart card in healthcare market will witness a surge in demand. Growing demand for improved patient care with a low risk of fraud is expected to further augment the growth of the market.



The increasing cases of misuse of medical benefits and other frauds in the healthcare sector have significantly augmented in the past few years. Several national governments are inclining towards smart cards for obtaining medical records of people in the country. In addition, smart health cards are generally issued by healthcare insurance organizations for improved regulation of claims & other medical practices.





COVID-19 Impact Analysis

The outbreak of the global COVID-19 pandemic has impacted various segments of the business domain. The imposition of various restrictions across various nations like the travel ban, lockdowns, temporary ban on manufacturing units has negatively impacted many industrial verticals. In addition, the supply chain disruption and low demand for a wide range of products and services are among the key impacts of the pandemic. Smart health card companies have also faced a decline in sales due to the pandemic.



The adoption of smart health cards has witnessed a decline due to the frequent lockdowns and supply chain disruptions. In addition, the instability caused by the pandemic in the insurance and healthcare sector is negatively impacting the smart card in healthcare market. The less demand for these smart cards during the pandemic is expected to result in a slowdown of the overall market growth during the forecast period.



Market Growth Factors:

Increasing government initiatives

There are increasing government initiatives across various regions to push the implementation of smart cards in the healthcare sector to improve the functioning of the healthcare system. There are many organizations, which are also taking initiatives to promote the adoption of smart health cards among people. This is expected to augment the demand for smart cards in healthcare sector.



Growing digitalization in the healthcare industry

As everything is getting online and digitalization is at its high pace, healthcare companies are also getting updated with the trend and are introducing numerous products like smart health cards. In addition, the adoption of smart cards is increasing in order to manage patient data with patient management tools, which is anticipated to surge the demand for smart cards in healthcare market.



Market Restraining Factor:

Fair chances of data breaches

There are more chances of security and data breaches of these smart health cards. Though, several key players are highly investing in making these cards smarter and safer than before to provide assurance to the customers about the safety of their data. But, until the security system of smart health cards gets more advanced, people may restrict themselves from getting the smart health card to avoid any security and data breaches.





Product Outlook

Based on Product, the market is segmented into Contactless Smart Cards, Contact-based Smart Cards, Hybrid Smart Cards and Dual-interface Smart Cards. The hybrid smart cards segment is anticipated to witness the fastest growth rate over the forecast period. It is because these cards include more than one card technology. For example, these cards may consist of an embedded microprocessor smart card together with a contactless RFID proximity chip. In addition, dual interface smart cards utilize a single chip technology to connect through contact-based & contactless interfaces.



Component Outlook

Based on Component, the market is segmented into Microcontroller Based Smart Cards and Memory-card Based Smart Cards. The microcontroller-based smart cards segment acquired the highest share in the market in 2020. These cards are compact and have massive memory, which is expected to augment the growth of the segment over the forecast period. This segment is also projected to garner the fastest growth rate over the forecast period owing to the growing adoption in the healthcare sector.



Regional Outlook

Based on Regions, the market is segmented into North America, Europe, Asia Pacific, and Latin America, Middle East & Africa. Asia Pacific region is estimated to procure the highest CAGR during the forecast period. It is due to aspects like the technologically improved healthcare system and supportive government initiatives, which are anticipated to surge the regional growth of the market during the forecast period.



Cardinal Matrix - Smart Card in Healthcare Market Competition Analysis



The major strategies followed by the market participants are Partnerships. Based on the Analysis presented in the Cardinal matrix; American Express Company and Texas Instruments, Inc. are the forerunners in the Smart Card in Healthcare Market. Companies such as IDEMIA SAS, Giesecke & Devrient GmbH, Infineon Technologies AG are some of the key innovators in the market.



The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include 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.



Recent Strategies Deployed in Smart Card in Healthcare Market

Partnerships, Collaborations, and Agreements:

  • Aug-2021: IDEMIA collaborated with Handelsbanken, a Swedish bank. Under this collaboration, Handelsbanken selected IDEMIA as an outsourcing partner for Handelsbanken’s card personalization.
  • Jun-2021: Giesecke & Devrient (G+D) teamed up with BBVA, a Spanish multinational financial services company. Under this collaboration, BBVA selected Giesecke & Devrient to produce the bank's latest sustainable cards to fight against climate change.
  • Jun-2021: American Express entered into a partnership with Electronic Pay plus, Nigeria’s smart card manufacturer and payment Solution Company. This partnership aimed to produce a range of smart cards.
  • Mar-2021: Thales teamed up with Veolia, a French transnational company. This collaboration aimed to make the first eco-designed SIM card manufactured from recycled plastic, which is a part of Thales strategy to decrease the carbon footprint of all its products & services.
  • Dec-2020: IDEMIA came into a partnership and distribution agreement with ZWIPE, a Norwegian biometric technology company. This partnership aimed to promote biometric cards as the reference for the upcoming contactless payments.
  • Dec-2020: IDEMIA teamed up with Rocker, a Swedish challenger bank. Together, the companies is expected to bring their F.CODE biometric payment cards to Sweden. These F.CODE cards is expected to enable cardholders to carry out contactless payments safely through fingerprint authentication.
  • Nov-2020: American Express formed a partnership with MobiKwik, a leading fintech platform. This partnership aimed to introduce MobiKwik Blue American Express Card, a digital prepaid Card.
  • Oct-2020: IDEMIA collaborated with MasterCard and MatchMove. This collaboration aimed to introduce a biometric card, which utilizes a fingerprint to allow transactions at in-store payment terminals. The card named F.CODE Easy takes the effortless and instinctive experience of biometric authentication from a smartphone to a smart card. This card makes transactions simpler, safe and secure by eradicating the requirement for a cardholder to give a PIN number or signature, and thus, decreasing touch points in public places.
  • Sep-2020: American Express came into a partnership with SBI Card. This partnership aimed to provide a powerful mix of global advantages and exclusive privileges for discerning users in India. Through this partnership, SBI Card`s top-end premium products like SBI Card ELITE and SBI Card PRIME is expected to be accessible on American Express’ global merchant network.
  • Aug-2020: Infineon Technologies collaborated with Fingerprint Cards, a Swedish biometrics company. In this collaboration, Fingerprints’ biometric technology is expected to integrate with Infineon's expertise in energy efficiency, chip security, and contactless performance, to develop a system solution, which is expected to be simple to combine and provide their users a head starts in an emerging growth market.

Product Launches and Product Expansions:

  • Apr-2021: IDEMIA launched a new biometric payment card. This card enables customers to authorize payments with fingerprint recognition and features the latest TrustedBio sensor from IDEX Biometrics. As per IDEX, the IDEMIA offering is the most efficient card integration and is expected to provide a high level of biometric performance.
  • Mar-2021: Giesecke & Devrient (G+D) along with IDEMIA and NXP Semiconductors unveiled the White Label Alliance (WLA). WLA establishes and updates an open and complete payment standard, which allows ready-to-deploy dual interface payment solutions including mobile devices, contact & contactless payment cards, and payment terminal acceptance.
  • Jun-2020: NXP Semiconductors launched its latest MIFARE DESFire EV3 IC. This new IC is backward compatible and provides improved performance with a more operating distance and enhanced transaction speed. In addition, the latest IC has advanced features to provide faster, safer transactions, which are actually contactless like paying for parking, accessing offices or campuses, and utilizing other important city services, all touch-free.

Scope of the Study

Market Segments Covered in the Report:


By Product

  • Contactless Smart Cards
  • Contact-based Smart Cards
  • Hybrid Smart Cards
  • Dual-interface Smart Cards

By Component

  • Microcontroller Based Smart Cards
  • Memory-card Based Smart Cards

By Geography

  • North America
  • US
  • Canada
  • Mexico
  • Rest of North America
  • Europe
  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe
  • Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Singapore
  • Malaysia
  • Rest of Asia Pacific
  • LAMEA
  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA

Key Market Players

List of Companies Profiled in the Report:


  • 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.)
  • CardLogix Corporation

Unique Offerings from the Publisher

  • Exhaustive coverage
  • The highest number of market tables and figures
  • Subscription-based model available
  • Guaranteed best price
  • Assured post sales research support with 10% customization free

Table of Contents

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Global Smart Card in Healthcare Market, by Product
1.4.2 Global Smart Card in Healthcare Market, by Component
1.4.3 Global Smart Card in Healthcare Market, by Geography
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 COVID-19 Impact
2.1.1.2 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2017-2021)
3.3.2 Key Strategic Move: (Partnerships, Collaborations, and Agreements : 2019, Jun - 2021, Aug) Leading Players
Chapter 4. Global Smart Card in Healthcare Market by Product
4.1 Global Contactless Smart Cards Market by Region
4.2 Global Contact-based Smart Cards Market by Region
4.3 Global Hybrid Smart Cards Market by Region
4.4 Global Dual-interface Smart Cards Market by Region
Chapter 5. Global Smart Card in Healthcare Market by Component
5.1 Global Microcontroller Based Smart Cards Market by Region
5.2 Global Memory-card Based Smart Cards Market by Region
Chapter 6. Global Smart Card in Healthcare Market by Region
6.1 North America Smart Card in Healthcare Market
6.1.1 North America Smart Card in Healthcare Market by Product
6.1.1.1 North America Contactless Smart Cards Market by Country
6.1.1.2 North America Contact-based Smart Cards Market by Country
6.1.1.3 North America Hybrid Smart Cards Market by Country
6.1.1.4 North America Dual-interface Smart Cards Market by Country
6.1.2 North America Smart Card in Healthcare Market by Component
6.1.2.1 North America Microcontroller Based Smart Cards Market by Country
6.1.2.2 North America Memory-card Based Smart Cards Market by Country
6.1.3 North America Smart Card in Healthcare Market by Country
6.1.3.1 US Smart Card in Healthcare Market
6.1.3.1.1 US Smart Card in Healthcare Market by Product
6.1.3.1.2 US Smart Card in Healthcare Market by Component
6.1.3.2 Canada Smart Card in Healthcare Market
6.1.3.2.1 Canada Smart Card in Healthcare Market by Product
6.1.3.2.2 Canada Smart Card in Healthcare Market by Component
6.1.3.3 Mexico Smart Card in Healthcare Market
6.1.3.3.1 Mexico Smart Card in Healthcare Market by Product
6.1.3.3.2 Mexico Smart Card in Healthcare Market by Component
6.1.3.4 Rest of North America Smart Card in Healthcare Market
6.1.3.4.1 Rest of North America Smart Card in Healthcare Market by Product
6.1.3.4.2 Rest of North America Smart Card in Healthcare Market by Component
6.2 Europe Smart Card in Healthcare Market
6.2.1 Europe Smart Card in Healthcare Market by Product
6.2.1.1 Europe Contactless Smart Cards Market by Country
6.2.1.2 Europe Contact-based Smart Cards Market by Country
6.2.1.3 Europe Hybrid Smart Cards Market by Country
6.2.1.4 Europe Dual-interface Smart Cards Market by Country
6.2.2 Europe Smart Card in Healthcare Market by Component
6.2.2.1 Europe Microcontroller Based Smart Cards Market by Country
6.2.2.2 Europe Memory-card Based Smart Cards Market by Country
Chapter 7. Europe Smart Card in Healthcare Market by Country
7.1 Germany Smart Card in Healthcare Market
7.1.1 Germany Smart Card in Healthcare Market by Product
7.1.2 Germany Smart Card in Healthcare Market by Component
7.2 UK Smart Card in Healthcare Market
7.2.1 UK Smart Card in Healthcare Market by Product
7.2.2 UK Smart Card in Healthcare Market by Component
7.3 France Smart Card in Healthcare Market
7.3.1 France Smart Card in Healthcare Market by Product
7.3.2 France Smart Card in Healthcare Market by Component
7.4 Russia Smart Card in Healthcare Market
7.4.1 Russia Smart Card in Healthcare Market by Product
7.4.2 Russia Smart Card in Healthcare Market by Component
7.5 Spain Smart Card in Healthcare Market
7.5.1 Spain Smart Card in Healthcare Market by Product
7.5.2 Spain Smart Card in Healthcare Market by Component
7.6 Italy Smart Card in Healthcare Market
7.6.1 Italy Smart Card in Healthcare Market by Product
7.6.2 Italy Smart Card in Healthcare Market by Component
7.7 Rest of Europe Smart Card in Healthcare Market
7.7.1 Rest of Europe Smart Card in Healthcare Market by Product
7.7.2 Rest of Europe Smart Card in Healthcare Market by Component
7.8 Asia Pacific Smart Card in Healthcare Market
7.8.1 Asia Pacific Smart Card in Healthcare Market by Product
7.8.1.1 Asia Pacific Contactless Smart Cards Market by Country
7.8.1.2 Asia Pacific Contact-based Smart Cards Market by Country
7.8.1.3 Asia Pacific Hybrid Smart Cards Market by Country
7.8.1.4 Asia Pacific Dual-interface Smart Cards Market by Country
7.8.2 Asia Pacific Smart Card in Healthcare Market by Component
7.8.2.1 Asia Pacific Microcontroller Based Smart Cards Market by Country
7.8.2.2 Asia Pacific Memory-card Based Smart Cards Market by Country
7.8.3 Asia Pacific Smart Card in Healthcare Market by Country
7.8.3.1 China Smart Card in Healthcare Market
7.8.3.1.1 China Smart Card in Healthcare Market by Product
7.8.3.1.2 China Smart Card in Healthcare Market by Component
7.8.3.2 Japan Smart Card in Healthcare Market
7.8.3.2.1 Japan Smart Card in Healthcare Market by Product
7.8.3.2.2 Japan Smart Card in Healthcare Market by Component
7.8.3.3 India Smart Card in Healthcare Market
7.8.3.3.1 India Smart Card in Healthcare Market by Product
7.8.3.3.2 India Smart Card in Healthcare Market by Component
7.8.3.4 South Korea Smart Card in Healthcare Market
7.8.3.4.1 South Korea Smart Card in Healthcare Market by Product
7.8.3.4.2 South Korea Smart Card in Healthcare Market by Component
7.8.3.5 Singapore Smart Card in Healthcare Market
7.8.3.5.1 Singapore Smart Card in Healthcare Market by Product
7.8.3.5.2 Singapore Smart Card in Healthcare Market by Component
7.8.3.6 Malaysia Smart Card in Healthcare Market
7.8.3.6.1 Malaysia Smart Card in Healthcare Market by Product
7.8.3.6.2 Malaysia Smart Card in Healthcare Market by Component
7.8.3.7 Rest of Asia Pacific Smart Card in Healthcare Market
7.8.3.7.1 Rest of Asia Pacific Smart Card in Healthcare Market by Product
7.8.3.7.2 Rest of Asia Pacific Smart Card in Healthcare Market by Component
7.9 LAMEA Smart Card in Healthcare Market
7.9.1 LAMEA Smart Card in Healthcare Market by Product
7.9.1.1 LAMEA Contactless Smart Cards Market by Country
7.9.1.2 LAMEA Contact-based Smart Cards Market by Country
7.9.1.3 LAMEA Hybrid Smart Cards Market by Country
7.9.1.4 LAMEA Dual-interface Smart Cards Market by Country
7.9.2 LAMEA Smart Card in Healthcare Market by Component
7.9.2.1 LAMEA Microcontroller Based Smart Cards Market by Country
7.9.2.2 LAMEA Memory-card Based Smart Cards Market by Country
7.9.3 LAMEA Smart Card in Healthcare Market by Country
7.9.3.1 Brazil Smart Card in Healthcare Market
7.9.3.1.1 Brazil Smart Card in Healthcare Market by Product
7.9.3.1.2 Brazil Smart Card in Healthcare Market by Component
7.9.3.2 Argentina Smart Card in Healthcare Market
7.9.3.2.1 Argentina Smart Card in Healthcare Market by Product
7.9.3.2.2 Argentina Smart Card in Healthcare Market by Component
7.9.3.3 UAE Smart Card in Healthcare Market
7.9.3.3.1 UAE Smart Card in Healthcare Market by Product
7.9.3.3.2 UAE Smart Card in Healthcare Market by Component
7.9.3.4 Saudi Arabia Smart Card in Healthcare Market
7.9.3.4.1 Saudi Arabia Smart Card in Healthcare Market by Product
7.9.3.4.2 Saudi Arabia Smart Card in Healthcare Market by Component
7.9.3.5 South Africa Smart Card in Healthcare Market
7.9.3.5.1 South Africa Smart Card in Healthcare Market by Product
7.9.3.5.2 South Africa Smart Card in Healthcare Market by Component
7.9.3.6 Nigeria Smart Card in Healthcare Market
7.9.3.6.1 Nigeria Smart Card in Healthcare Market by Product
7.9.3.6.2 Nigeria Smart Card in Healthcare Market by Component
7.9.3.7 Rest of LAMEA Smart Card in Healthcare Market
7.9.3.7.1 Rest of LAMEA Smart Card in Healthcare Market by Product
7.9.3.7.2 Rest of LAMEA Smart Card in Healthcare Market by Component
Chapter 8. Company Profiles
8.1 Infineon Technologies AG
8.1.1 Company Overview
8.1.2 Financial Analysis
8.1.3 Segmental and Regional Analysis
8.1.4 Research & Development Expense
8.1.5 Recent strategies and developments:
8.1.5.1 Partnerships, Collaborations, and Agreements:
8.1.6 SWOT Analysis
8.2 Texas Instruments, Inc.
8.2.1 Company Overview
8.2.2 Financial Analysis
8.2.3 Segmental and Regional Analysis
8.2.4 Research & Development Expense
8.2.5 SWOT Analysis
8.3 NXP Semiconductors N.V.
8.3.1 Company Overview
8.3.2 Financial Analysis
8.3.3 Regional Analysis
8.3.4 Research & Development Expense
8.3.5 Recent strategies and developments:
8.3.5.1 Product Launches and Product Expansions:
8.3.6 SWOT Analysis
8.4 Thales Group S.A.
8.4.1 Company Overview
8.4.2 Financial Analysis
8.4.3 Segmental and Regional Analysis
8.4.4 Research and Development Expense
8.4.5 Recent strategies and developments:
8.4.5.1 Partnerships, Collaborations, and Agreements:
8.5 Atos Group
8.5.1 Company Overview
8.5.2 Financial Analysis
8.5.3 Segmental and Regional Analysis
8.5.4 SWOT Analysis
8.6 Giesecke & Devrient GmbH
8.6.1 Company Overview
8.6.2 Financial Analysis
8.6.3 Segmental Analysis
8.6.4 Research & Development Expense
8.6.5 Recent strategies and developments:
8.6.5.1 Partnerships, Collaborations, and Agreements:
8.6.5.2 Product Launches and Product Expansions:
8.7 American Express Company
8.7.1 Company Overview
8.7.2 Financial Analysis
8.7.3 Segmental and Regional Analysis
8.7.4 Recent strategies and developments:
8.7.4.1 Partnerships, Collaborations, and Agreements:
8.8 VeriFone Holdings, Inc. (Francisco Partners)
8.8.1 Company Overview
8.9 IDEMIA SAS (Advent International, Inc.)
8.9.1 Company Overview
8.9.2 Recent strategies and developments:
8.9.2.1 Partnerships, Collaborations, and Agreements:
8.9.2.2 Acquisition and Mergers:
8.9.2.3 Product Launches and Product Expansions:
8.10. CardLogix Corporation
8.10.1 Company Overview
8.10.2 Recent strategies and developments:
8.10.2.1 Product Launches and Product Expansions:

Companies Mentioned

  • 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.)
  • CardLogix Corporation

Methodology

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