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.
Fastest Growing Market
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.
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