Home » Blockchain Technology in Healthcare Market Is Estimated To Grow At CAGR Of 64.4%, 2018-2026

Blockchain Technology in Healthcare Market Is Estimated To Grow At CAGR Of 64.4%, 2018-2026

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Central data encryption and security companies such as Microsoft Corporation, IBM Corporation, SimplyVital Health Inc., Guardtime and Encrypgen have proven to be very important market players in the adoption and innovation of blockchain technology.

Isle of Man, 22 November 2022 (GLOBE NEWSWIRE) — Douglas Insights is happy to add. Blockchain technology in the healthcare market We create research reports with our innovative comparison engine to help market analysts, researchers, and affiliated companies to assess and compare market trends, growth drivers and inhibitors, and geographic opportunities. Our unique comparison engine enables clients to compare various published and unpublished research reports based on price, publisher, and page count. Douglas Insights’ unique digital tools make client work more accessible and efficient, making their experience valuable.

Blockchain technology in healthcare allows data to be stored and transmitted between different health service providers in an efficient, effective, and secure manner. With the increasing use of electronic health records (EHRs) in various healthcare and affiliated institutions (physicians, laboratories, pharmaceutical companies, hospitals, etc.), data security has become a key focus. In addition to that, the ease of data transfer has also become important, especially since every medical institution in the system has a different infrastructure.Blockchain technology addresses these issues and solves them in a secure network. increase.

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market insights

Increasing data breaches in the healthcare system, increasing widespread supply of counterfeit medicines, and effectiveness of blockchain services are key factors contributing to the growth of blockchain technology in the healthcare market. Various pharmaceutical companies are facing financial deficits due to counterfeit drugs on the market, and blockchain can curb the problem through its secure data chain. Additionally, data manipulation becomes less common as blockchain technology eliminates the need for third-party intervention.

The CAGR of blockchain technology in the healthcare market is 64.4% During the forecast period from 2018 to 2026.

The cost-effectiveness of blockchain is also a promising growth factor for blockchain in the healthcare market. The validity of data used in clinical trials depends on secure and untampered data. These data are often problematic for clinicians due to security breaches and false information. Research sponsors adopting blockchain technology can rest assured that they have safe and transparent medical data that meets standard security protocols.

Governments and other interested venture capitalists are investing in the deployment of blockchain technology in healthcare. This offers various opportunities for market growth. Blockchain installment costs are not borne by end-users, resulting in higher adoption of the technology.

Despite increasing funding and widespread use of blockchain in the healthcare sector, there are several factors hindering market growth. Poor data collection and storage methods fail to provide accurate data when needed, and lack of a proper data infrastructure is one of the contributing factors. In addition, various healthcare service providers also lack trained professionals who can service the productive collection, use, and transfer of data.

Blockchain technology in healthcare market is segmented by application, end-user, geography, and significant players. The digitization of the US healthcare system has long required secure data transfer services. Blockchain technology in the healthcare market will therefore continue to be dominated by the United States. During the 2018-2026 forecast period, several European countries namely the UK and Germany will also become important players in the market as their healthcare systems adopt blockchain technology. , will continue to drive market growth in these countries.

key player

Central data encryption and security companies such as Microsoft Corporation, IBM Corporation, SimplyVital Health Inc., Guardtime and Encrypgen have proven to be very important market players in the adoption and innovation of blockchain technology. Nebula Genomics, proof. Works, FarmaTrust, and PokitDok, Inc. are other major players making new market waves.

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Blockchain Technology to Healthcare Market Report Coverage

report attribute

detail

Market size 2018

US$ ** BN

Market size forecast 2029

US$ ** BN

CAGR (2018-2026)

64.4%

largest market

North America

Report segmentation

By Application, By Deployment Mode, By End User, By Region

Regional analysis

North America (USA, Canada), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Europe (UK, Germany, Italy, France, Spain, Russia, Rest of Europe), APAC (China, Japan, India, South Korea) , Australia, ASEAN, Rest of Asia Pacific), ME (GCC Countries, Israel, Rest of Middle East) & Africa (South Africa, North Africa, Central Africa)

Target major companies

Microsoft Corporation, IBM Corporation, SimplyVital Health Inc., Guardtime, and Encrypgen have proven to be very important market players in the adoption and innovation of blockchain technology. Nebula Genomics, proof. Works, FarmaTrust, PokitDok, Inc.

segmentation

By deployment mode

  • prologue

  • public

  • private

  • hybrid

By end user

  • prologue

  • hospital

  • Pharmaceutical company

  • Insurance company

  • others

by application

Key questions answered in this report

  • An analysis of the impact of COVID 19 on global blockchain technology for the healthcare industry.

  • What are the current market trends and dynamics from blockchain technology to healthcare market and what are the valuable opportunities for emerging players?

  • What is driving blockchain technology into the healthcare market?

  • What are the main challenges to market growth?

  • Which segment will account for the fastest CAGR during the forecast period?

  • Which product type segment has the largest market share and why?

  • Are Low- and Middle-Income Countries Investing in Blockchain Technology for Healthcare Markets?

  • Key growth pockets based on regions, types, applications and end-users

  • What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, Middle East and Africa?

Unique data points in this report

  • Statistics on blockchain technology and healthcare and spending around the world

  • Recent trends in various regions regarding the adoption of blockchain technology for healthcare in various industries

  • Notable Developments Underway in the Industry

  • Attractive investment proposition for segments as well as regions

  • All segment comparison scenarios for 2018 (actual) and 2028 (forecast)

table of contents:

Chapter 1; Introduction

  • Research goals and objectives

  • Reason for doing this research

  • Reporting scope

  • What’s new in this update

  • methodology

  • Target audience

  • source of information

  • Geographic breakdown

  • Analyst qualification

  • BCC Custom Research

  • Related BCC Research Reports

Chapter 2. Summary and Highlights

  • Table Summary: Global Market for Blockchain Technology in Healthcare, by Region to 2027

  • Figure Summary: Global Market Share of Blockchain Technology in Healthcare, by Region, 2021

Chapter 3 Market Overview

  • prologue

  • Evolution of blockchain technology

  • Origin of blockchain

  • Blockchain development

  • Market trend

  • Increasing application of blockchain in healthcare billing and billing

  • Financing, investments and pilot projects that act as catalysts for growth

  • Expanding the application of blockchain technology to untapped medical fields

  • Blockchain trends in the healthcare industry

  • Blockchain for enhanced collaboration and interoperability

  • Distributed credential exchange

  • prescription drug tracking

  • Smart contracts in healthcare

  • Market overview

  • Expanding adoption of blockchain technology

  • Health care

  • technical application

  • Benefits of blockchain in healthcare

  • market dynamics

  • driver

  • Restraint

  • chance

  • Task

  • Blockchain application areas

  • Drug discovery and pharmaceutical research

  • clinical trial

  • medical fraud detection

  • Billing billing management

  • medical data management

  • The future of blockchain in healthcare

  • Impact of COVID-19 on blockchain technology in the healthcare market

  • Market opportunity analysis

  • Blockchain investment/financing in the healthcare industry

  • Patent analysis

  • Overview

  • Porter’s Five Forces Analysis

  • bargaining power of suppliers

  • bargaining power of consumers

  • Threat of substitutes

  • Threat of new entrants

  • degree of competition

4. Market Breakdown by Deployment Mode

  • prologue

  • public

  • private

  • hybrid

Chapter 5 Market Breakdown by End User

  • prologue

  • hospital

  • Pharmaceutical company

  • Insurance company

  • others

Chapter 6 Market Breakdown by Application

7. Regional Market Breakdown

  • prologue

  • North America

  • we

  • Canada

  • Mexico

  • Europe

  • Germany

  • England

  • France

  • rest of europe

  • Asia Pacific

  • China

  • Japan

  • India

  • Rest of Asia Pacific

  • rest of the world

……………….. Contents continued

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