Healthcare Blockchain Market Global Trends, Market Share, Industry Size
Posted by Riddhi ochani on November 7th, 2019
Healthcare Blockchain Market Introduction
The global healthcare blockchain market is foreseen to value over US $ 3 billion by the end of 2026 and register at a CAGR of over 62% during the forecast period of 2019-2026.
Blockchain technology simply contains metadata within distributed public ledger with a budding record list that is linked using cryptographic security. Blockchain has set an outrageous disruptive revolution in almost every sector, including the healthcare industry. Healthcare blockchain would majorly safeguard patient details from identity theft. Further, its ability to provide seamless data transportation resulting in quick and accurate treatment decisions, convenient medical claims settlements, the mechanism to handle counterfeited drugs threat are the most appreciated benefits. Blockchain as service(BaaS) is marked by legendary impacts on the global healthcare market dynamics.
Healthcare Blockchain Market Overview
Government initiatives to implement blockchain into the healthcare industry to protect healthcare consumers from any medical data breaches is one of the factors that is projected to majorly drive the global healthcare blockchain market growth. Other reasons that are forging pathways of the modern medical world and in turn the growth of the global healthcare blockchain market are:
• Need for secure clinical data interoperability and interchange
• Increasing requirement of storage space to maintain patient’s medical records, medical images diagnostic reports, transactions and so on
• Bulging investments by new entrants allied with healthcare blockchain
• Stringent federal laws related to adoption and implementation of blockchain in healthcare supply chain management
Cutting-edge IT infrastructure and larger healthcare consumer base in the North American region has placed it at the top-notch position as far as the healthcare blockchain market share is concerned. Europe with the stringent regulations against counterfeited medicines and fraudulent activities is anticipated to be the second largest region (Germany particularly) in terms of growth in upcoming years. Asia Pacific region is expected to grow due to the favoured adoption of blockchain technology to ensure smooth operations. China, in particular, is expected to mark aggressive growth opportunities.
Global Healthcare Blockchain Market Players: IBM, burstIQ, Guardtime, Nebula Genomis, Robomed, and others.
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Report Summary
Global Healthcare Blockchain Market, by Deployment Type
• On-Premise
• Cloud-Based
Global Healthcare Blockchain Market, by End-User
• Hospitals
• Clinics
• Others
Global Healthcare Blockchain Market, by Region
• North America
• Latin America
• Europe
• Asia Pacific
• Rest of the World
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Competitive Landscape:
• Tier 1 players- established companies in the market with a major market share
• Tier 2 players
• Emerging players which are growing rapidly
• New Entrants
FutureWise Key Takeaways
• Growth prospects
• SWOT analysis
• Key trends
• Key data-points affecting market growth
Objectives of the Study:
• To provide with an exhaustive analysis on the global healthcare blockchain market share on the basis of deployment type, end user, and region
• To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
• To evaluate and forecast micro-markets and the overall market
• To predict the market size, in key regions (along with countries)—North America, Europe, Asia Pacific, Latin America, and the Middle East
• To record evaluate and competitive landscape mapping- product launches, technological advancements, mergers and expansions
• Profiling of companies to evaluate their market shares, strategies, financials and core competencies
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