Although the bulk of the total demand is expected to come from the â€śRashtriya Swasthaya Bima Yojnaâ€ť (RSBY), we expect a number of private and government health insurance providers to adopt smart card technology in the short and medium terms.
Online PR News – 06-June-2013 – 06/06/13/ New Delhi – IMARC Group, one of the worldâ€™s leading research and advisory firms, in its latest report on the Indian smart card industry, expects Indiaâ€™s healthcare sector to create a total demand of 34 million smart cards during 2013-2018. According to the report, the application of smart card technology can protect patient records and significantly reduce paper work. Smart cards can hold encrypted patient information and use a digital signature or a biometric template to reduce ambiguity about the cardholderâ€™s identification. The usage of smart cards can also reduce the occurrence of fraud in health benefit claims - a significant issue for both private and public health insurance firms.
Findings from the report suggest that the bulk o f the demand in the healthcare sector currently comes from the â€śRashtriya Swasthaya Bima Yojnaâ€ť. The Rashtriya Swasthaya Bima Yojna (RSBY) is a Central Governmentâ€™s health insurance scheme for the unorganized sector workers belonging to the BPL (below poverty line) category and their family members. The RSBY became operational from 01/04/2008 and estimates from the report suggest that as on April 3, 2013, 34.4 million smart cards had already been issued. Apart from the RSBY, the report also expects a number of other healthcare providers to introduce smart cards in the coming years. Government healthcare providers such as Ex-Servicemen Contributory Health Scheme (ECHS), Central Government Health Scheme (CGHS), etc are already providing smart cards to their members. Although most government and private health insurance providers are currently providing non-smart card based health cards to their members, we expect most of them to adopt smart card technology in the short and medium terms.
IMARCâ€źs new report entitled â€śSmart Card Industry in India: SIM, Identity, Banking, Transport, Healthcare, Pay TV, Loyalty & PDSâ€ť gives a deep insight into the Indian smart cards market. The research study serves as an analytical as well as a statistical tool to understand not only the market trends, structure, drivers and restraints but also the outlook of the market till 2018. This report aims to serve as an excellent guide for investors, researchers, consultants, marketing strategists, and all those who are planning to foray into the Indian smart cards market in some form or the other.
To buy the complete report or to get a free sample, please contact:
IMARC Group Asia
IMARC Group North America
IMARC Group Europe, Middle East & Africa
To know more please visit: http://www.imarcgroup.com/smart-card-industry-in-india/