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Indian Healthcare Sector to Create A Demand for 34 Million Smart Cards Finds IMARC Group - 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
Indian Healthcare Sector to Create A Demand for 34 Million Smart Cards Finds IMARC Group

 

NewswireToday - /newswire/ - New Delhi, Delhi, India, 2013/06/07 - 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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IMARC Group, one of the world’s leading research and advisory firms, in its latest report on the Indian smart card industry, expects India’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 cardholder’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 “Rashtriya Swasthaya Bima Yojna”. The Rashtriya Swasthaya Bima Yojna (RSBY) is a Central Government’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.

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 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.

 
 
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Indian Healthcare Sector to Create A Demand for 34 Million Smart Cards Finds IMARC Group

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