Market Insights:
The global Blockchain Technology in Healthcare Market was valued at USD 1.2 Bn in 2021 and is anticipated to grow at a CAGR of 62.3% and is expected to reach USD 93.7 Bn by 2030.
Driver:
The increased adoption of Blockchain Technology in Healthcare in the Healthcare IT industry is due to high workability, Stability of structure, good quality, and Demand for making things better. The demand for Blockchain Technology in Healthcare also has other significant aspects, such as analysis, purchasing volume, costs, pricing analysis, and regulatory framework. Additionally, the increased demand of Blockchain Technology in Healthcare in many sectors also boosts the market growth during the forecast period.
A blockchain is an electronic database that stores digital data. A blockchain network is utilised in the healthcare sector to store and distribute patient data across hospitals, diagnostic labs, medication firms, and clinicians. It has the potential to improve the efficiency, security, and transparency of medical data sharing within the healthcare system. This technology provides a new paradigm for health information exchanges for blockchain in the healthcare sector by improving the performance, disintermediation, and security of electronic medical records.
Blockchain Technology in Healthcare Market Research Report” was just released by Market Research Community. It is divided into several categories, including type (Private, Public, Others), application (Clinical Data Exchange & Interoperability, Claims Adjudication & Billing, Supply Chain Management, Clinical Trials & eConsent, Others), End User (Pharmaceutical and Medical Device Companies, Healthcare Payers, Healthcare Providers), and companies (IBM; PATIENTORY INC.; Guardtime; iSolve LLC; Solve.Care; Oracle; Change Healthcare; BurstIQ; Medicalchain SA; Blockpharma), According to the analysis of Market Research Community, The market is projected to grow at a significant pace reaching a CAGR of approximately 62.3%, over the forecast period of 2022–2030.
Report Coverage:
| Report Attributes | Report Details |
| Study Timeline | 2018-2030 |
| Market Size in 2030 (USD Billion) | 93.7 Billion |
| CAGR (2022-2030) | 62.3% |
| By Type | Private, Public, Others |
| By Application | Clinical Data Exchange & Interoperability, Claims Adjudication & Billing, Supply Chain Management, Clinical Trials & eConsent, Others |
| By End User | Pharmaceutical and Medical Device Companies, Healthcare Payers, Healthcare Providers |
| By Geography | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Key Players | IBM; PATIENTORY INC.; Guardtime; iSolve LLC; Solve.Care; Oracle; Change Healthcare; BurstIQ; Medicalchain SA; Blockpharma |
Covid-19 Impact:
The COVID-19 pandemic has had a substantial negative influence on the Blockchain Technology in Healthcare market in many different regions of the world. The factors such as limited availability of raw materials, transportation restrictions, the shutdown of manufacturing facilities, and economic slowdown are the major impacts of COVID-19 which hampered the market growth. Shipments were impacted during the initial lockdown due to halted automotive productions and stringent government rules. The overall impact of COVID-19 on the industry is estimated to be minimal because the situation has stabilised. Post covid-19, there was a positive impact on the market growth due to the increased industrial manufacturing processes and rising demand for environment-friendly alternatives.
Industry Competitive Landscape:
The research includes comprehensive profiles of the key players in the market and an analysis of the competitive landscape. The market for sample preparation has grown more quickly as a result of the spike in research and development (R&D), product innovation, different business strategies, and application releases. Key players in the market include-
IBM; PATIENTORY INC.; Guardtime; iSolve LLC; Solve.Care; Oracle; Change Healthcare; BurstIQ; Medicalchain SA; Blockpharma
Market Segment Analysis:
By Type
- Private
- Public
- Others
By Application
- Clinical Data Exchange & Interoperability
- Claims Adjudication & Billing
- Supply Chain Management
- Clinical Trials & eConsent
- Others
By End User
- Pharmaceutical and Medical Device Companies
- Healthcare Payers
- Healthcare Providers
Region
The regional segment includes Asia Pacific, Europe, North America, the Middle East, and Africa, Latin America. In 2021, some of these regions expected to contribute the largest share during the forecast period.
The factors such as the large and easy availability of basic things, rising purchasing power among the population, and favorable government policies and industrial facilities are estimated to accelerate the industry growth in the region. The growing rate of industrialization is anticipated to boost the presence of Blockchain Technology in Healthcare industries in the region.
Key Blockchain Technology in Healthcare Market Trends
– Based on type, sub-type, technology utilised, applications, end-users, and geographies, the research identifies, defines, and predicts the Global Blockchain Technology in Healthcare Market segments.
– Largest Market Share Held by Industry to Industry for Blockchain Technology in Healthcare
– Based on their expected growth, development patterns and prospects for the future, and contributions to the overall market, it analyses the micro markets.
– Demand from the geographical area is estimated to boost growth.
– Growing Market Segment Adoption in the Blockchain Technology in Healthcare Industry
– Over the forecast period, higher growth rates are anticipated in in some regions
Why Purchase the Industry Report by MRC
There is a huge amount of information in the report, including market trends and business opportunities for the forecast period.
Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) statistics.
Data at the regional, sub-regional, and national levels also includes information on the market’s supply and demand dynamics.
The competitive landscape includes the proportions of important players, recent innovations, and strategy.
Comprehensive product offerings, important financial data, latest advancements, SWOT analysis, and key player tactics.
Table of Content
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