Smart Card In Healthcare Market size is expected to reach USD 2.46 billion by 2028
Smart Card In Healthcare Industry Overview The global smart card in healthcare market size was valued at USD 1.01 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 12.4% from 2021 to 2028. The increasing digitalization of the healthcare systems globally and the use of smart cards to store patient data and ensure high levels of privacy and security are expected to boost the market growth. The COVID-19 pandemic impacted the healthcare industry and the rippled effect was observed in the healthcare IT industry too. Smart card market players reported a flat or decline in their sales growth of smart cards business. For instance, Brady Corporation, the parent company of IDenticard Systems, reported a decline of 9.1% in its IDS segment, which consists of smart cards for healthcare applications. Similarly, Thales Group reported a 2% decline in its growth rate from 2019 to 2020. Frequent lockdowns and supply chain inadequacies were primarily r...