Published by Coherent Market Insights
Posted on September 15, 2021
3 min readLast updated: February 10, 2026
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The history of smartcards in healthcare dates back at least to the late 1990s. At that time, the French government began to offer each patient a small plastic card containing a microchip. Each patient then carries around his or her SmartCard. It serves as a virtual keypad on which to enter healthcare information.
Smartcards and their associated software have been around since the time they were first introduced. However, as more healthcare companies became aware of the benefits they could see in implementing them into their business and the advantages they provided, they began to use them themselves. Today, nearly every hospital, doctor’s office, pharmacy, nursing home, and other facility have some form of smart card or microprocessor smart card in use. A smart card is simply a magnetic strip that is used to make transactions from one place to another.
Market Dynamics
Increasing healthcare expenditure is expected to propel growth of the smart cards in healthcare market. For instance, according to The Centers for Medicare & Medicaid Services, the U.S. health spending is projected to reach nearly US$ 6.0 trillion by 2027. Moreover, emergence of Covid-19 has prompted several countries to develop vaccination proofing plans, which is also expected to aid in growth of the market. Digital credentials are expected to play a major role in management of the pandemic. For instance, in July 2020, the Macao government issued contactless prepaid payment cards pre-loaded with credit in order to mitigate the economic impact of the COVID-19 pandemic and to provide financial support to its citizens. The cards were produced by G+D Mobile Security.
Increasing healthcare digitalization is expected to offer lucrative growth opportunities for players in the smart cards in healthcare market. For instance, the survey, ‘Taking the Pulse of Digital Transformation in Healthcare – South East Asia’, conducted by InterSystems Corporation, concluded that majority of private hospitals in Asia expect to implement real-time big data analysis capabilities over the next five years. Moreover, statistically, this share is expected to increase from 13% of hospitals currently to 69% in five years.
August 2020: Giesecke & Devrient and Netcetera entered the strategic partnership under which, G+D will become a shareholder of the Swiss company with its investment.
Top Key Players Include In Smart Cards In Healthcare Market: American Express Company, Giesecke & Devrient (G&D), Gemalto NV, INSIDE Secure SA, VeriFone Holdings, Inc., Atos SE, CardLogix Corporation, GmbH, Infineon Technologies AG, Oberthur Technologies SA, and SCM Microsystems.
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The post Smart Cards In Healthcare Market Set to Witness Steady Growth through (2021-2027) appeared first on Gatorledger.
The history of smart cards in healthcare dates back to the late 1990s when the French government began offering patients plastic cards with microchips.
Increasing healthcare expenditure and digitalization are expected to propel the growth of the smart cards in healthcare market.
Top key players include American Express Company, Giesecke & Devrient, Gemalto NV, and VeriFone Holdings, Inc.
In August 2020, Giesecke & Devrient entered a strategic partnership with Netcetera, becoming a shareholder of the Swiss company.
Healthcare digitalization is expected to offer lucrative growth opportunities for players in the smart cards in healthcare market.
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