Smart Cards in Healthcare Market - Growth, Share, Opportunities, Competitive Analysis, and Forecast 2015 - 2022

Smart Cards in Healthcare Market to Cross US$ 1 Bn by 2022

According to a new market research report published by Credence Research “Smart Cards in Healthcare (By Type – Contact-based Smart Cards, Contactless Smart Cards, Dual-interface Smart Cards and Hybrid Smart Cards) Market - Growth, Share, Opportunities, Competitive Analysis, and Forecast 2015 - 2022”,

The global smart cards market for healthcare informatics application was valued at US$ 570.9 Mn in 2014 and is estimated to expand with a CAGR of 8.6% from 2015 to 2022.

Browse the full report at http://www.credenceresearch.com/report/smart-cards-in-healthcare-market

Market Insights

Smart cards refer to a pocket-sized device embedded with an integrated circuit (IC) chip. The IC chip on the card can be memory card-based or microcontroller-card based depending upon the function of smart cards. Smart card is used by connecting it to a smart card reader either through direct physical contact or radio frequency (RF) communication. Thus, the operation of smart cards is quite similar to the traditional magnetic strip and bar code cards.

The rising misuse of medical benefits and other frauds in the industry have grown rampant in the past several years. Many national governments are now turning towards smart cards for capturing medical records of people. These smart health cards are typically issued by the healthcare insurance companies for better regulation of claims and other medical practices.

Download sample here @ http://www.credenceresearch.com/sample-request/57838

Using smart cards offers various advantages for medical service providers as well as patients including the following:

Faster medical admission procedure

Reduction in medical frauds (misuse) and identity theft

Decrease in document work for maintaining medical records

Reduction in the overall medical record maintenance cost

Smart health cards are designed to provide better data security and privacy of patients’...