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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.
