Blockchain Technology in Healthcare Market: Network Type (private, public, and others), Application (clinical data exchange & interoperability, claims adjudication & billing, supply chain management, clinical trials & econsent, and others), End-User (providers, payers, biopharmaceutical & medical device companies and others) and Geography

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Blockchain Technology in Healthcare Market size is valued at USD 550.1 million in 2021 and is expected to reach a value of USD 1,914.3 million by 2028, growing at a CAGR of 19.5% during the forecast period 2022 to 2028. The global market provides a detailed overview of the market and that can be segmented by network type, application, and end-user. By network type, the blockchain technology in the healthcare market has been segmented into private, public, and others. The private segment is likely to be the largest and fastest-growing segment in terms of network type. Based on application, the blockchain technology in the healthcare market is segmented into clinical data exchange & interoperability, claims adjudication & billing, supply chain management, clinical trials & econsent, and others. Among these, the clinical data exchange & interoperability segment is expected to have the fastest-growing market during the forecast period 2022-2028. On the basis of end-users, the market is segregated into providers, payers, biopharmaceutical & medical device companies and others. The providers held considerable market share during the forecast period.

key developments

In 2018, Chronicled partnered with Qtum Foundation. By combining the Internet of Things and blockchain technology, through this alliance both businesses are merging smart devices with a secure distributed ledger back end. 

Blockchain Technology In Healthcare Market Summary

Study Period

2023-29

Base Year

2022

CAGR

19.5%

Largest Market

North American

Fastest Growing Market

Asia-Pacific
Blockchain Technology in Healthcare Market Drivers

The growing use of blockchain as a service (BaaS), affordable & secured data interoperability using blockchain, increase in information leaks, data breaches and the need for efficient health data management systems are some key factors fueling the market growth.

Key Features of the Reports

  • The report provides granular level information about the market size, regional market share, historic market (2018 to 2022) and forecast (2023 to 2029)
  • The report covers in-detail insights about the competitors overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments and startup’s details that are actively working in the market
  • The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
  • The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market

Blockchain Technology In Healthcare Market Segmentation

Network Type
  • Private
  • Public
  • Others
Application
  • Clinical Data Exchange & Interoperability
  • Claims Adjudication & Billing
  • Supply Chain Management
  • Clinical Trials & Econsent
  • Others
End-User
  • Providers
  • Payers
  • Biopharmaceutical & Medical Device
  • Others
By Geography
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • MEA

Frequently Asked Questions

The blockchain technology in healthcare market is projected to expand at a CAGR of 19.5% during the forecast period

IBM, Microsoft, Guardtime, PokitDok, Gem, Chronicled, iSolve, Hashed Health, Patientory, Factom.

Asia-Pacific is the fastest-growing region for blockchain technology in healthcare market

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