Healthcare Smart Card Reader Market: Current Analysis and Forecast (2023-2030)

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Emphasis on Interface Type (Contact-Based Smart Card Readers, Contactless-Based Smart Card Readers, Dual Interface-Based Smart Card Readers); Application (Identity & Other Sensitive Information Management, Security & Access Management); End-Users (Hospitals and Clinics, Others); and Region/Country

Pages:

146

Table:

43

Figure:

94

Report ID:

UMHE212277

Geography:

Clear
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Report Description
Table of content
Research Methodology

Report Description

Healthcare Smart Card Reader Market
Healthcare Smart Card Reader Market

The Healthcare smart card reader market was valued at USD 956.05 million in 2022 & is expected to grow at a CAGR of 15.1% from 2023-2030. The healthcare smart card reader market involves the manufacturing, distribution, and adoption of smart card reader devices specifically designed for use in the healthcare industry. These devices are used to read smart cards, which store and provide secure access to sensitive patient information, electronic health records (EHRs), and other healthcare-related data. Smart card readers in healthcare settings are essential for ensuring data security, patient privacy, and efficient access control. The widespread adoption of EHR systems has driven the demand for secure access control solutions like smart card readers. These readers help healthcare professionals securely authenticate themselves to access and update patient records. For instance, in February 2021, As of 2020, 89.7% of office-based physicians in the United States had adopted certified EHR systems, according to the Office of the National Coordinator for Health Information Technology (ONC). Furthermore, the rising threat of data breaches and the need to comply with stringent data protection regulations have pushed healthcare organizations to invest in robust data security solutions, including smart card readers. For example, in 2020, the global average cost of a data breach in the healthcare sector was 7.13 USD million, according to the IBM Data Breach Report.

Some of the major players operating in the market are Identiv, Inc.; Advanced Card Systems Ltd.; Thales Group; SecuGen Corporation.; IDENTOS Inc; Advantech Co., Ltd.; gt german telematics gesellschaft für telematikdienste mbH; FEITIAN Technologies Co., Ltd.; HID Global Corporation; Zebra Technologies. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.

Insights Presented in the Report

“Amongst interface type, the contactless-based smart card readers segment held a significant share of the market in 2023.”

Based on the interface type, the market has been categorized into contact-based smart card readers, contactless-based smart card readers, and dual interface-based smart card readers. Among them, the contactless-based smart card readers segment is expected to grow at a higher CAGR in the market due to the wake of the COVID-19 pandemic, Healthcare facilities prioritize infection control and minimise touchpoints. Contactless smart card readers reduce the need for physical contact, enhancing hygiene and reducing the risk of disease transmission. Contactless technology allows for faster authentication and access, streamlining healthcare workflows. This is especially crucial in emergency situations or busy healthcare settings where time is of the essence.

“Amongst application, the security & access management segment held the higher CAGR in the market in 2023.”

Based on the application, the market has been categorized into identity & other sensitive information management and security & access management. Among them, the security & access management segment is expected to grow at a higher CAGR in the market. The healthcare sector handles highly sensitive patient data, making it a prime target for cyberattacks. Security breaches can have severe consequences, including financial penalties and reputational damage. Robust security measures are essential to protect patient information. Moreover, healthcare organizations must comply with strict data protection regulations, such as the Health Insurance Portability and Accountability Act (HIPAA) in the United States and the General Data Protection Regulation (GDPR) in the European Union

“North America dominated the Healthcare smart card reader market in 2023.”

The North America Healthcare Smart Card Reader market is expected to continue to grow in the coming years, driven by the Increasing Adoption of Electronic Health Records (EHRs), the rising threat of data breaches and the need to comply with stringent data protection regulations and the COVID-19 pandemic accelerated the adoption of telehealth and remote healthcare services. Smart card readers are crucial for secure identity verification and data access during virtual medical consultations. For instance, In the United States, the use of telehealth services increased by 3,000% in 2020, as reported by the Centers for Disease Control and Prevention (CDC).

Healthcare smart card reader Market Report Coverage

Healthcare Smart Card Reader Market
Healthcare Smart Card Reader Market

Reasons to buy this report:

  • The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
  • The report presents a quick review of overall industry performance at one glance.
  • The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolios, expansion strategies, and recent developments.
  • Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
  • The study comprehensively covers the market across different segments.
  • Deep dive regional level analysis of the industry.


Customization Options:

The global Healthcare smart card reader market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to connect with us to get a report that completely suits your requirements.

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1.1.Market Definitions
1.2.Main Objective
1.3.Stakeholders
1.4.Limitation
2.1.Research Process of the Healthcare Smart Card Reader Market
2.2.Research Methodology of the Healthcare Smart Card Reader  Market
2.4.Respondent Profile

 

3MARKET SYNOPSIS 
4EXECUTIVE SUMMARY
5IMPACT OF COVID-19 ON THE HEALTHCARE SMART CARD READER MARKET 

 

6GLOBAL HEALTHCARE SMART CARD READER MARKET REVENUE, 2020-2030F

 

7.1.Contact-Based Smart Card Readers
7.2.Contactless-Based Smart Card Readers
7.3.Dual Interface-Based Smart Card Readers

 

8.1.Identity & Other Sensitive Information Management
8.2.Security & Access Management

 

9.1.Hospitals and Clinics
9.2.Others 
10.1NORTH AMERICA HEALTHCARE SMART CARD READER MARKET  
 10.1.1.U.S.   
 10.1.2.Canada   
 10.1.3.Rest of North America 
10.2EUROPE HEALTHCARE SMART CARD READER MARKET  
 10.2.1.Germany   
 10.2.2.U.K.   
 10.2.3.France   
 10.2.4.Italy   
 10.2.5.Spain   
 10.2.6.Rest of Europe  
10.3ASIA PACIFIC HEALTHCARE SMART CARD READER MARKET 
 10.3.1.China   
 10.3.2.Japan   
 10.3.3.India   
 10.3.4.Rest of Asia-Pacific  
10.4REST OF THE WORLD HEALTHCARE SMART CARD READER MARKET  
11.1.Market Drivers
11.2.Market Challenges
11.3.Impact Analysis

 

12 HEALTHCARE SMART CARD READER MARKET OPPORTUNITIES

 

13HEALTHCARE SMART CARD READER MARKET TRENDS & INSIGHTS

 

14.1.Demand Side Analysis
14.2.Supply Side Analysis

 

15VALUE CHAIN ANALYSIS

 

16PRICING ANALYSIS 

 

17.1.Competitive Landscape
 17.1.1Porter’s Five forces analysis

 

18.1.Identiv, Inc.
18.2.Advanced Card Systems Ltd. 
18.3.Thales Group
18.4.SecuGen Corporation.
18.5.IDENTOS Inc
18.6.Advantech Co., Ltd.
18.7.gt german telematics gesellschaft für telematikdienste mbH
18.8.FEITIAN Technologies Co., Ltd.
18.9.HID Global Corporation
18.10.Zebra Technologies

 

19DISCLAIMER

 

Research Methodology

Research Methodology for the Healthcare Smart Card Reader Market Analysis (2023-2030)

Analyzing the historical market, estimating the current market, and forecasting the future market of the global Healthcare smart card reader market were the three major steps undertaken to create and analyze the adoption of Healthcare smart card reader in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global Healthcare smart card reader market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:

Analysis of Historical Market Size

Step 1: In-Depth Study of Secondary Sources:

Detail secondary study was conducted to obtain the historical market size of the Healthcare smart card reader market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.

Step 2: Market Segmentation:

After obtaining the historical market size of the Healthcare smart card reader market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments are included in the report as interface type, application and end-users. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.

Step 3: Factor Analysis:

After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the Healthcare smart card reader market. Further, we conducted factor analysis using dependent and independent variables such as interface type, application and end-users of the Healthcare smart card reader market. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the Healthcare smart card reader market sector across the globe.

Current Market Size Estimate & Forecast

Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global Healthcare smart card reader market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.

Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down/bottom-up approach were applied to arrive at the market forecast for 2030 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:

  • The industry’s market size, in terms of revenue (USD) and the adoption rate of the Healthcare smart card reader market across the major markets domestically
  • All percentage shares, splits, and breakdowns of market segments and sub-segments
  • Key players in the global Healthcare smart card reader market in terms of products offered. Also, the growth strategies adopted by these players to compete in the fast-growing market


Market Size and Share Validation

Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.

Split of Primary Participants in Different Regions

Healthcare Smart Card Reader Market
Healthcare Smart Card Reader Market

Market Engineering

The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the global Healthcare smart card reader market. data was split into several segments & sub-segments post studying various parameters and trends in the areas of the interface type, application and end-users in the global Healthcare smart card reader market.

The main objective of the Global Healthcare smart card reader Market Study

The current & future market trends of the global Healthcare smart card reader market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:

  • Analyze the current and forecast market size of the Healthcare smart card reader market in terms of value (USD). Also, analyze the current and forecast market size of different segments and sub-segments
  • Segments in the study include areas of the interface type, application and end-users
  • Define and analysis of the regulatory framework for the Healthcare smart card reader industry
  • Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry
  • Analyze the current and forecast market size of the Healthcare smart card reader market for the major region
  • Major countries of regions studied in the report include Asia Pacific, Europe, North America, and the Rest of the World
  • Company profiles of the Healthcare smart card reader market and the growth strategies adopted by the market players to sustain in the fast-growing market
  • Deep dive regional level analysis of the industry

You can also purchase parts of this report. Do you want to check out a section wise
price list?