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The market is experiencing several market trends that are shaping its growth and development. Factors such as increasing adoption of contactless and NFC-enabled readers, growing demand for integration with digital health platforms and electronic health records (EHRs), and rising focus on interoperability across healthcare systems, among other factors are boosting the industry growth.
The North America healthcare smart card reader market recorded USD 382 million in 2024 and is anticipated to grow at a CAGR of 12.7% from 2025 to 2034, driven by the increasing adoption of smart card readers in healthcare facilities.
The global healthcare smart card reader industry was valued at USD 1.6 billion in 2024 and is expected to grow at a CAGR of 13.8% from 2025 to 2034, driven by the expanding digital health infrastructure.
Key players in the industry include Advanced Card Systems, Advantech, CardLogix, CHERRY, FEITIAN Technologies, HID Global Corporation, IDEMIA, Identiv, IDENTOS, Ingenico, and JEA Technologies.
The memory-based smart cards segment generated USD 879.3 million in 2024, as they provide a secure way to store essential patient information directly on the card.