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Indian Healthcare Sector to Create a Demand for 34 Million Smart Cards
 

Indian Healthcare Sector to Create a Demand for 34 Million Smart Cards

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Although the bulk of the total demand is expected to come from the “Rashtriya Swasthaya Bima Yojna” (RSBY), we expect a number of private and government health insurance providers to adopt smart ...

Although the bulk of the total demand is expected to come from the “Rashtriya Swasthaya Bima Yojna” (RSBY), we expect a number of private and government health insurance providers to adopt smart card technology in the short and medium terms.

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    Indian Healthcare Sector to Create a Demand for 34 Million Smart Cards Indian Healthcare Sector to Create a Demand for 34 Million Smart Cards Document Transcript

    • Indian Healthcare Sector to Create a Demand for 34 Million SmartCardsAlthough the bulk of the total demand is expected to come from the “Rashtriya Swasthaya BimaYojna” (RSBY), we expect a number of private and government health insurance providers toadopt smart card technology in the short and medium terms.IMARC Group, one of the world’s leading research and advisory firms, in its latest report on theIndian smart card industry, expects India’s healthcare sector to create a total demand of 34million smart cards during 2013-2018. According to the report, the application of smart cardtechnology can protect patient records and significantly reduce paper work. Smart cards canhold encrypted patient information and use a digital signature or a biometric template to reduceambiguity about the cardholder’s identification. The usage of smart cards can also reduce theoccurrence of fraud in health benefit claims - a significant issue for both private and publichealth insurance firms.Findings from the report suggest that the bulk o f the demand in the healthcare sector currentlycomes from the “Rashtriya Swasthaya Bima Yojna”. The Rashtriya Swasthaya Bima Yojna(RSBY) is a Central Government’s health insurance scheme for the unorganized sector workersbelonging to the BPL (below poverty line) category and their family members. The RSBYbecame 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 alsoexpects 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 theirmembers. Although most government and private health insurance providers are currentlyproviding non-smart card based health cards to their members, we expect most of them toadopt smart card technology in the short and medium terms.IMARC’s new report entitled “Smart Card Industry in India: SIM, Identity, Banking,Transport, Healthcare, Pay TV, Loyalty & PDS” gives a deep insight into the Indian smartcards market. The research study serves as an analytical as well as a statistical tool tounderstand 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 smartcards market in some form or the other.To buy the complete report or to get a free sample, please contact:IMARC Group AsiaEmail: apac@imarcgroup.comPhone: +91-120-415-5099IMARC Group North AmericaEmail: america@imarcgroup.comPhone: +1-631-791-1145IMARC Group Europe, Middle East & AfricaEmail:ema@imarcgroup.comPhone: +44-702-409-7331To know more please visit: http://www.imarcgroup.com/smart-card-industry-in-india/