Healthcare Smart Card Reader Market Size, Share, Growth, Trends | Report 2023-2032
The global healthcare smart card reader market size was estimated at around USD 922.94 million in 2022 and it is projected to hit around USD 3,643.89 million by 2032, growing at a CAGR of 14.72% from 2023 to 2032.
Key Pointers
Report Scope of the Healthcare Smart Card Reader Market
| Report Coverage | Details |
| Market Size in 2022 | USD 922.94 million |
| Revenue Forecast by 2032 | USD 3,643.89 million |
| Growth rate from 2023 to 2032 | CAGR of 14.72% |
| Base Year | 2022 |
| Forecast Period | 2023 to 2032 |
| Regions Covered | North America, Europe, Asia Pacific, Latin America, Middle East & Africa |
| Companies Covered | Identiv, Inc.; Advanced Card Systems Ltd.; WISeKey, Ingenico (Worldline); Thales Group; rf IDEAS Inc.; HID Global Corporation; part of ASSA ABLOY; CHERRY; FEITIAN Technologies Co., Ltd.; IDENTOS Inc.; SecuGen Corporation; IDEMIA; Advantech Co., Ltd.; Rayton Solutions Pte Ltd.; Zebra Technologies; ELATEC GmbH; NXP Semiconductors; gt german telematics gesellschaft für telematikdienste mbH |
Demands for highly secure smart cards are expected to increase, which will ultimately increase the need for smart card readers and related terminals. Increasing information security requirements relating to user credentials in the healthcare area are likely to fuel this need. The growing availability of small-sized IC chips with enhanced functionality built into them is anticipated to assist hospitals and other organizations in providing technology-enabled smart cards to their staff members and patients, necessitating the use of readers to facilitate system access. Furthermore, the adoption of cutting-edge technology and a rise in new entrants by companies are both contributing to market expansion.
Due to supply chain interruption and other healthcare budget constraints, COVID-19 has had an impact on smart card reader suppliers in 2020 to some extent. Since the market for cash transactions is under increasing pressure and because contactless transactions are outperforming everyone's expectations, financial information encryption is in demand. In the healthcare industry, financial encoding on smart cards can provide secure verification or checkout, facilitating market growth for readers and terminals in the upcoming years. The market is also expected to grow since contactless payments from the healthcare smart card and the use of readers can automate the processing of patient data and bill payments.
The market is also supported due to the rising adoption of digitalized healthcare systems like electronic health records (EHR), which can be converted into searchable medical databases and create an "advanced communication infrastructure" for the medical field that will enhance clinical practice as well as stimulate drug research. This would ultimately influence new competitors to penetrate the market. For instance, Advanced Card Systems Ltd., a well-known provider of PC-linked smart card readers in Asia Pacific, entered the healthcare industry by releasing the eH880 health card reader along with its Software Development Kit (SDK) for the global e-Health market. This move was taken in response to the rising potential for revenue growth in the healthcare industry as a result of the paradigm shift toward digitization.
Regional Insights
In 2022, Europe's revenue share was the highest at over 30.04%. Demand for products in this region is anticipated to be driven by expanding efforts by various governments and private organizations to offer high-quality healthcare services. The European Health Insurance Cards could be obtained free of charge by citizens of 32 countries, which will eventually drive the market for smart card readers and terminals to develop. Numerous European countries have their own distinctive national healthcare ID cards, which will eventually encourage new companies to offer new products in Europe and support the market during the forecast period. It is projected that these factors would hasten market expansion.
The market in Asia Pacific is anticipated to expand at the fastest rate of over 15.56%, due to the forecast period due to factors including advanced technological services and supporting government actions. Additionally, it is anticipated that the regional market would surpass all other markets by 2032.
Healthcare Smart Card Reader Market Segmentations:
| By Interface Type | By Application | By End-Use |
|
Contact-based Contactless-based Dual Interface-based (Combination of contact and contactless models) Others |
Identity & Other Sensitive Information Management (Inclusive of Payment Process Management, etc.) Security & Access Management |
General Practitioners & Patients Other (Pharmacists, Nurses, etc.) |
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on Healthcare Smart Card Reader Market
5.1. COVID-19 Landscape: Healthcare Smart Card Reader Industry Impact
5.2. COVID 19 - Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global Healthcare Smart Card Reader Market, By Interface Type
8.1. Healthcare Smart Card Reader Market, by Interface Type, 2023-2032
8.1.1 Contact-based
8.1.1.1. Market Revenue and Forecast (2020-2032)
8.1.2. Contactless-based
8.1.2.1. Market Revenue and Forecast (2020-2032)
8.1.3. Dual Interface-based (Combination of contact and contactless models)
8.1.3.1. Market Revenue and Forecast (2020-2032)
8.1.4. Others
8.1.4.1. Market Revenue and Forecast (2020-2032)
Chapter 9. Global Healthcare Smart Card Reader Market, By Application
9.1. Healthcare Smart Card Reader Market, by Application, 2023-2032
9.1.1. Identity & Other Sensitive Information Management (Inclusive of Payment Process Management, etc.)
9.1.1.1. Market Revenue and Forecast (2020-2032)
9.1.2. Security & Access Management
9.1.2.1. Market Revenue and Forecast (2020-2032)
Chapter 10. Global Healthcare Smart Card Reader Market, By End-Use
10.1. Healthcare Smart Card Reader Market, by End-Use, 2023-2032
10.1.1. General Practitioners & Patients
10.1.1.1. Market Revenue and Forecast (2020-2032)
10.1.2. Other (Pharmacists, Nurses, etc.)
10.1.2.1. Market Revenue and Forecast (2020-2032)
Chapter 11. Global Healthcare Smart Card Reader Market, Regional Estimates and Trend Forecast
11.1. North America
11.1.1. Market Revenue and Forecast, by Interface Type (2020-2032)
11.1.2. Market Revenue and Forecast, by Application (2020-2032)
11.1.3. Market Revenue and Forecast, by End-Use (2020-2032)
11.1.4. U.S.
11.1.4.1. Market Revenue and Forecast, by Interface Type (2020-2032)
11.1.4.2. Market Revenue and Forecast, by Application (2020-2032)
11.1.4.3. Market Revenue and Forecast, by End-Use (2020-2032)
11.1.5. Rest of North America
11.1.5.1. Market Revenue and Forecast, by Interface Type (2020-2032)
11.1.5.2. Market Revenue and Forecast, by Application (2020-2032)
11.1.5.3. Market Revenue and Forecast, by End-Use (2020-2032)
11.2. Europe
11.2.1. Market Revenue and Forecast, by Interface Type (2020-2032)
11.2.2. Market Revenue and Forecast, by Application (2020-2032)
11.2.3. Market Revenue and Forecast, by End-Use (2020-2032)
11.2.4. UK
11.2.4.1. Market Revenue and Forecast, by Interface Type (2020-2032)
11.2.4.2. Market Revenue and Forecast, by Application (2020-2032)
11.2.4.3. Market Revenue and Forecast, by End-Use (2020-2032)
11.2.5. Germany
11.2.5.1. Market Revenue and Forecast, by Interface Type (2020-2032)
11.2.5.2. Market Revenue and Forecast, by Application (2020-2032)
11.2.5.3. Market Revenue and Forecast, by End-Use (2020-2032)
11.2.6. France
11.2.6.1. Market Revenue and Forecast, by Interface Type (2020-2032)
11.2.6.2. Market Revenue and Forecast, by Application (2020-2032)
11.2.6.3. Market Revenue and Forecast, by End-Use (2020-2032)
11.2.7. Rest of Europe
11.2.7.1. Market Revenue and Forecast, by Interface Type (2020-2032)
11.2.7.2. Market Revenue and Forecast, by Application (2020-2032)
11.2.7.3. Market Revenue and Forecast, by End-Use (2020-2032)
11.3. APAC
11.3.1. Market Revenue and Forecast, by Interface Type (2020-2032)
11.3.2. Market Revenue and Forecast, by Application (2020-2032)
11.3.3. Market Revenue and Forecast, by End-Use (2020-2032)
11.3.4. India
11.3.4.1. Market Revenue and Forecast, by Interface Type (2020-2032)
11.3.4.2. Market Revenue and Forecast, by Application (2020-2032)
11.3.4.3. Market Revenue and Forecast, by End-Use (2020-2032)
11.3.5. China
11.3.5.1. Market Revenue and Forecast, by Interface Type (2020-2032)
11.3.5.2. Market Revenue and Forecast, by Application (2020-2032)
11.3.5.3. Market Revenue and Forecast, by End-Use (2020-2032)
11.3.6. Japan
11.3.6.1. Market Revenue and Forecast, by Interface Type (2020-2032)
11.3.6.2. Market Revenue and Forecast, by Application (2020-2032)
11.3.6.3. Market Revenue and Forecast, by End-Use (2020-2032)
11.3.7. Rest of APAC
11.3.7.1. Market Revenue and Forecast, by Interface Type (2020-2032)
11.3.7.2. Market Revenue and Forecast, by Application (2020-2032)
11.3.7.3. Market Revenue and Forecast, by End-Use (2020-2032)
11.4. MEA
11.4.1. Market Revenue and Forecast, by Interface Type (2020-2032)
11.4.2. Market Revenue and Forecast, by Application (2020-2032)
11.4.3. Market Revenue and Forecast, by End-Use (2020-2032)
11.4.4. GCC
11.4.4.1. Market Revenue and Forecast, by Interface Type (2020-2032)
11.4.4.2. Market Revenue and Forecast, by Application (2020-2032)
11.4.4.3. Market Revenue and Forecast, by End-Use (2020-2032)
11.4.5. North Africa
11.4.5.1. Market Revenue and Forecast, by Interface Type (2020-2032)
11.4.5.2. Market Revenue and Forecast, by Application (2020-2032)
11.4.5.3. Market Revenue and Forecast, by End-Use (2020-2032)
11.4.6. South Africa
11.4.6.1. Market Revenue and Forecast, by Interface Type (2020-2032)
11.4.6.2. Market Revenue and Forecast, by Application (2020-2032)
11.4.6.3. Market Revenue and Forecast, by End-Use (2020-2032)
11.4.7. Rest of MEA
11.4.7.1. Market Revenue and Forecast, by Interface Type (2020-2032)
11.4.7.2. Market Revenue and Forecast, by Application (2020-2032)
11.4.7.3. Market Revenue and Forecast, by End-Use (2020-2032)
11.5. Latin America
11.5.1. Market Revenue and Forecast, by Interface Type (2020-2032)
11.5.2. Market Revenue and Forecast, by Application (2020-2032)
11.5.3. Market Revenue and Forecast, by End-Use (2020-2032)
11.5.4. Brazil
11.5.4.1. Market Revenue and Forecast, by Interface Type (2020-2032)
11.5.4.2. Market Revenue and Forecast, by Application (2020-2032)
11.5.4.3. Market Revenue and Forecast, by End-Use (2020-2032)
11.5.5. Rest of LATAM
11.5.5.1. Market Revenue and Forecast, by Interface Type (2020-2032)
11.5.5.2. Market Revenue and Forecast, by Application (2020-2032)
11.5.5.3. Market Revenue and Forecast, by End-Use (2020-2032)
Chapter 12. Company Profiles
12.1. Identiv, Inc.
12.1.1. Company Overview
12.1.2. Product Offerings
12.1.3. Financial Performance
12.1.4. Recent Initiatives
12.2. Advanced Card Systems Ltd.
12.2.1. Company Overview
12.2.2. Product Offerings
12.2.3. Financial Performance
12.2.4. Recent Initiatives
12.3. WISeKey
12.3.1. Company Overview
12.3.2. Product Offerings
12.3.3. Financial Performance
12.3.4. Recent Initiatives
12.4. Ingenico (Worldline)
12.4.1. Company Overview
12.4.2. Product Offerings
12.4.3. Financial Performance
12.4.4. Recent Initiatives
12.5. Thales Group
12.5.1. Company Overview
12.5.2. Product Offerings
12.5.3. Financial Performance
12.5.4. Recent Initiatives
12.6. rf IDEAS Inc.
12.6.1. Company Overview
12.6.2. Product Offerings
12.6.3. Financial Performance
12.6.4. Recent Initiatives
12.7. HID Global Corporation, part of ASSA ABLOY
12.7.1. Company Overview
12.7.2. Product Offerings
12.7.3. Financial Performance
12.7.4. Recent Initiatives
12.8. CHERRY
12.8.1. Company Overview
12.8.2. Product Offerings
12.8.3. Financial Performance
12.8.4. Recent Initiatives
12.9. FEITIAN Technologies Co., Ltd.
12.9.1. Company Overview
12.9.2. Product Offerings
12.9.3. Financial Performance
12.9.4. Recent Initiatives
12.10. IDENTOS Inc
12.10.1. Company Overview
12.10.2. Product Offerings
12.10.3. Financial Performance
12.10.4. Recent Initiatives
Chapter 13. Research Methodology
13.1. Primary Research
13.2. Secondary Research
13.3. Assumptions
Chapter 14. Appendix
14.1. About Us
14.2. Glossary of Terms
Cross-segment Market Size and Analysis for
Mentioned Segments
Additional Company Profiles (Upto 5 With No Cost)
Additional Countries (Apart From Mentioned Countries)
Country/Region-specific Report
Go To Market Strategy
Region Specific Market DynamicsRegion Level Market Share Import Export AnalysisProduction AnalysisOthers