Blockchain Technology in Healthcare Market – Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2017 to 2021 and Forecast 2022 to 2028

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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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Report

Description

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

MARKET SUMMARY
-
19.5%
  • Study Period– 2022-2028
  • Base Year– 2021
  • CAGR– 19.5%
  • Largest Market– North American
  • Fastest Growing Market– Asia-Pacific

Blockchain Technology in Healthcare Market

  • The blockchain technology in healthcare market report gives comprehensive outlook across the region with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America and Middle East and Africa.
  • The blockchain technology in healthcare market is segmented based on network type, application, end-user and geography.
Key Players
  • IBM
  • Microsoft
  • Guardtime
  • PokitDok
  • Gem
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.


Asia Pacific Got Significant Share

Blockchain Technology in Healthcare Market

By region, the Asia Pacific market is expected to witness the highest market share during the forecast period. Growing demand for health information exchange between various healthcare stakeholders is being driven by factors like expanding healthcare infrastructure, rising adoption of EHR systems and other healthcare IT solutions, an increase in medical tourism in this region, and mounting pressure to prevent fake drugs from entering the supply chain.

Latin America
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East

Key

Features of the Report

  • The blockchain technology in healthcare market report provides granular level information about the market size, regional market share, historic market (2017-2021) and forecast (2022-2028)
  • The blockchain technology in healthcare market report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The blockchain technology in healthcare market report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The blockchain technology in healthcare market report tracks recent innovations, key developments, and start-up details that are actively working in the market
  • The blockchain technology in healthcare market report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario

Blockchain Technology In Healthcare Market Segmentation


Location

GEOGRAPHY

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


Report

Table Of Content

Description

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. 

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