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Blockchain technology in the healthcare market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses the market to growing at a CAGR of 21.70% in the above-mentioned forecast period. The growing awareness amongst the patients regarding the benefits of blockchain technology in the healthcare which will further create new opportunities for the growth of the market.
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The major players covered in the blockchain technology in the healthcare market report are IBM Corporation; Microsoft; Guardtime; PokitDok, Inc.; Gem; Global Hospital & Healthcare Management.; Chronicled; iSolve, LLC; Patientory.; Factom.; Medicalchain SA.; Proof.Works; Blockchain AI Solutions Ltd; BurstIQ; Doc.ai , Inc.; Intellectsoft US; Medtronic; Quest Diagnostics Incorporated.; Hong Kong Applied Science and Technology Research Institute Company Limited (ASTRI); Nebula Genomics; among other domestic and global players.
Competitive Landscape and Blockchain Technology in the Healthcare Market Share Analysis
Blockchain technology in the healthcare market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to blockchain technology in the healthcare market.
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Global Blockchain Technology in the Healthcare Market Scope and Market Size
Blockchain technology in the healthcare market is segmented on the basis of application, type, deployment sector, and end-use. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- Based on application, the blockchain technology in the healthcare market is segmented into data exchange and interoperability, claims adjudication and billing management, drug supply chain integrity, clinical trials, and cyber security and internet of medical things.
- On the basis of type, the blockchain technology in the healthcare market is segmented into permissioned blockchains, and permission less blockchains.
- Based on deployment sector, the blockchain technology in the healthcare market is segmented into public, and private.
- Blockchain technology in the healthcare market has also been segmented based on the end-use into pharmaceutical companies, healthcare payers, healthcare providers, and others. Others have been further segmented into medical technology companies, and service providers.
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Blockchain technology is used on a real-time basis to gather and monitor information about transactions. This technology acts as a digital ledger and manages all the operations carried out within the network. Blockchain technology offers many advantages, such as higher transaction speed, lower data replication, lower chances of failure, and high confidence and governance. Information on the patient’s database is stored in bits and pieces in healthcare systems.
Surging incidence of healthcare data breaches, rising threats of counterfeit drugs, growing adoption of blockchain as a service, transparency and immutability of the distributed ledger technology, cost-effective and secured data interoperability through blockchain are some of the major as well as factors which will likely to augment the growth of the blockchain technology in the healthcare market in the projected timeframe of 2021-2028. On the other hand, increasing number of government initiatives regarding the growth of the healthcare sector along with growing adoption of electronic healthcare records which will further contribute by generating immense opportunities that will led to the growth of the blockchain technology in the healthcare market in the above mentioned projected timeframe.
Lack of skilled professionals along with lack of technical infrastructure which will likely to act as market restraints factor for the growth of the blockchain technology in the healthcare in the above mentioned projected timeframe. Absence of necessary regulatory system along with lack of awareness in developing economies which will become the biggest and foremost challenge for the growth of the market.
This blockchain technology in the healthcare market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on blockchain technology in the healthcare market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Blockchain Technology in the Healthcare Market Country Level Analysis
Blockchain technology in the healthcare market is analysed and market size insights and trends are provided by country, application, type, deployment sector, and end-use as referenced above.
The countries covered in the blockchain technology in the healthcare market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the blockchain technology in the healthcare market due to the rising incidence of fraudulent activities along with increasing need to reduce healthcare cost in the region, while Asia-Pacific is expected to grow at the highest growth rate in the forecast period of 2021 to 2028 due to the development of healthcare infrastructure along with rising adoption of EHR systems in the region.
The country section of the blockchain technology in the healthcare market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure growth Installed base and New Technology Penetration
Blockchain technology in the healthcare market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment’s, installed base of different kind of products for blockchain technology in the healthcare market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the blockchain technology in the healthcare market. The data is available for historic period 2010 to 2019.
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