Increasing incidences of healthcare data breaches is one of the significant factors influencing the market growth.
The global blockchain in healthcare Market is expected to reach USD 5,798.0 Million by 2027, according to a new report by Emergen Research. The blockchain in healthcare is observing a high growth rate attributable to its rising application in supply chain management (SCM), clinical data exchange & interoperability, and claims adjustment & billing management, among others. Several hospitals and organizations are implementing the blockchain technology to record, analyze, and monitor patient information. Moreover, there is an increase in the supply of counterfeit drugs, and this issue can be restrained by adopting the blockchain technology in the healthcare sector. Initiatives are being taken by the government across the globe to tackle the situation.
The global Blockchain in Healthcare market report studies the prudent tactics undertaken by the leading market players, such as partnerships and collaborations, mergers & acquisitions, new product launches, and joint ventures. The global Blockchain in Healthcare market is highly consolidated due to the presence of a large number of companies across this industry. These companies are known to make hefty investments in research and development projects. Also, they control a considerable portion of the overall market share, thus limiting the entry of new players into the sector.
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Growing incidences of healthcare data breaches are a significant factor in driving the blockchain in healthcare market growth. Data breaches may lead to a loss of USD 380.0/ exposed record to the healthcare establishments; however, the existing systems are prone to various kinds of attacks. Patient records are vital to cybercriminals seeking comprehensive identity data, which results in safeguarding electronic health records and related personal information primary importance in the healthcare sector.
The global Blockchain in Healthcare market study covers the current COVID-19 scenario that has turned the global business sphere upside down. The coronavirus has resulted in a major economic downturn worldwide, while also adversely impacting the growth of this industrial sector. The pandemic has brought about drastic changes in market conditions. Therefore, the latest report elaborates on the rapidly changing market scenario and conducts preliminary, as well as the future assessment of COVID-19 impact on the market. Moreover, the document contains a broad analysis of prime aspects of the market, with expert opinions on the current market standing and historical data.
Key highlights of the Global Blockchain in Healthcare Market report:
- The latest report performs an in-depth study of the potential opportunities and risks associated with the global Blockchain in Healthcare market, alongside studying the recent innovations and major events.
- It offers a conclusive study of the future growth trajectory of the Blockchain in Healthcare market and throws light on various market drivers, challenges, and constraints.
- A detailed synopsis of the market includes the rapidly changing market dynamics and an accurate prediction of the current, historical, and forecast market size in terms of volume and value
- The intensely competitive atmosphere of the global Blockchain in Healthcare market detailed in the report stresses on the product offerings and key strategies adopted by the established market players to strengthen their foothold in the industry.
- Key participants include IBM, Microsoft, Gem, Chronicled, Hashed Health, Factom, Guardtime, Pokitdok, Patientory, and Blockpharma, among others.
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Unfolding the prime factors prompting global market growth:
- The study offers an in-depth analysis of the product outlook, which depicts the latest production growth trends and profit valuation. It further fragments the global Blockchain in Healthcare market into a broad product spectrum.
- The study covers essential data related to these products’ application landscape, the demand for and market share held by each application type, and their growth rate analysis over the estimated period.
- A detailed description of the distribution channels, including distributors, producers, and buyers, is one of the report’s key market highlights.
The latest report presents the vital indicators of market growth, including an effective value chain analysis, Porter’s Five Forces Analysis, and CAGR growth over the forecast period. The significant data and information gathered by our analysts are likely to help readers have a clear comprehension of the qualitative and quantitative growth parameters of the global Blockchain in Healthcare market.
The global Blockchain in Healthcare market report estimates revenue growth on global, regional, and country levels, depicting the industry trends from 2020 to 2027 in each segment and sub-segment of the market. However, the global market is fragmented on the basis of region, product type, and application.
Type Outlook (Revenue, USD Billion; 2017-2027)
- Permissioned/Private Blockchain
- Permissionless/Public Blockchain
Application Outlook (Revenue, USD Billion; 2017-2027)
- Supply Chain Management
- Clinical Data Exchange & Interoperability
- Claims Adjustment & Billing Management
End-Users Outlook (Revenue, USD Billion; 2017-2027)
- Pharmaceutical Companies
- Healthcare Providers
- Healthcare Payers
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The market in the Asia Pacific region is projected to grow at the fastest rate of 66.3% in the forecast period attributed to a growing acceptance of IT solutions such as electronic health records, development of healthcare infrastructure, and a surging necessity for exchanging patients’’ information.
Regional Outlook (Revenue, USD Billion; 2017-2027)
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of APAC
- Latin America
- Rest of LATAM
- Saudi Arabia
- Rest of MEA
Global Blockchain in Healthcare Market Report – Table of Contents:
Chapter 1. Methodology & Sources
1.1. Market Definition
1.2. Research Scope
1.4. Research Sources
1.4.3. Paid Sources
1.5. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2019-2027
Chapter 3. Key Insights
Chapter 4. Blockchain In Healthcare Market Segmentation & Impact Analysis
4.1. Blockchain In Healthcare Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
18.104.22.168. Rise in threat of counterfeit drugs
22.214.171.124. Increased adoption of blockchain as a service
126.96.36.199. Increased incidences of healthcare data breaches
4.2.3. Market restraints analysis
188.8.131.52. Lack of common standards
4.3. Technological Insights
4.4. Regulatory Framework
4.5. Porter’s Five Forces Analysis
4.6. Competitive Metric Space Analysis
4.7. Price trend Analysis
4.8. Covid-19 Impact Analysis
Chapter 5. Blockchain In Healthcare Market By Type Insights & Trends, Revenue (USD Million)
5.1. Type Dynamics & Market Share, 2019 & 2027
5.1.1. Permissioned/Private Blockchain
5.1.2. Permission less/Public Blockchain
Chapter 6. Blockchain In Healthcare Market By Application Insights & Trends Revenue (USD Million)
6.1. Application Dynamics & Market Share, 2019 & 2027
6.1.1. Supply Chain Management
6.1.2. Clinical Data Exchange & Interoperability
6.1.3. Claims Adjustment & Billing Management
Chapter 7. Blockchain In Healthcare Market By End-Users Insights & Trends Revenue (USD Million)
7.1. End-Users Dynamics & Market Share, 2019 & 2027
7.1.1. Pharmaceutical Companies
7.1.2. Healthcare Providers
7.1.3. Healthcare Payers
To be continue..!
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