The increasing incidence of healthcare data breaches along with the increasing concern about the confidential information of patients are the most significant factor driving the growth for this market .Data Bridge Market Research analyses that the blockchain for healthcare market is expected to grow at a CAGR of 72.0% during the forecast period. The “drug supply chain management” accounts for the largest application segment in the blockchain for healthcare market within the forecasted period. Furthermore, the emergence of blockchain as a valid solution in the healthcare industry players extend profitable opportunities to the market players in the forecast period of 2022 to 2029. Moreover, the various investments by government bodies across the globe in blockchain to research will further expand the blockchain for healthcare market's growth rate in the future.
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Market Analysis and Insights
The use of blockchain to reduce IT and operational costs in insurance process and increasing government initiatives and growing investments in the development of efficient healthcare record systems also cushions the market’s growth within the forecasted period. Healthcare data breaches frequently expose highly sensitive information, ranging from personally identifiable information like social security numbers, names, and addresses to sensitive health information like Medicaid ID numbers, insurance information and patients' medical histories. Moreover, the increasing threat of counterfeit drugs, increasing adoption of blockchain as a service (BaaS), and transparency and immutability of the distributed ledger technology are also expected to fuel market growth.
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Global Blockchain for Healthcare Market Scope
The blockchain for healthcare market is segmented on the basis of type, application and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Application
· Clinical Data Exchange and Interoperability
· Claims Adjudication and Billing Management
· Drug Supply Chain Management
· Drug Discovery and Clinical Trials
· Prescription Drug Abuse
· Others
Global Blockchain for Healthcare Market Country Level Analysis
On the basis of level of application, the blockchain for healthcare market is segmented into clinical data exchange and interoperability, claims adjudication and billing management, drug supply chain management, drug discovery and clinical trials, prescription drug abuse and others. The drug supply chain management is expected to show a significant growth within the application segment within the forecast period.The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
The countries covered in the blockchain for healthcare market report are
· U.S.,
· Canada and Mexico in North America,
· Germany, France, U.K.,
· Netherlands, Switzerland,
· Belgium, Russia,
· Italy, Spain,
· Turkey, Rest of Europe in Europe,
· China, Japan, India,
· South Korea, Singapore,
· Malaysia, Australia, Thailand,
· Indonesia, Philippines,
· Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC),
· Saudi Arabia, U.A.E, South Africa,
· Egypt, Israel,
· Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
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Major TOC of the Global Blockchain for Healthcare Market Report
Chapter One:
MARKET SEGEMENTATION
EXECUTIVE SUMMARY
PREMIUM INSIGHTS
MARKET OVERVIEW
Competitive Landscape and Global Blockchain for Healthcare Market Share Analysis
The above data points provided are only related to the companies' focus related to blockchain for healthcare market. The blockchain for healthcare market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance.
The major players covered in the semi-trailer market report are
Some of the major players operating in the blockchain for healthcare market are
· IBM,
· Microsoft,
· Guardtime.,
· Gem,
· Hashed Health,
· Chronicled, iSolve, LLC,
· Patientory Inc.,
· accumulatenetwork,
· factomprotocol.,
· Medicalchain SA.,
· Proof.Works, Blockchain AI Solutions Ltd,
· Change Healthcare, and Doc.ai, Inc, among others.
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