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Global Blockchain Technology in Healthcare Market Size, Share: By Company Type: Public, Private; By Application: Supply Chain Management, Data Exchange and Interoperability, Claims Adjudication and Billing, Others; By End User: Healthcare Payers, Healthcare Providers, Others; Regional Analysis; Competitive Landscape; 2024-2032
Global Blockchain Technology in Healthcare Market Outlook:
The global blockchain technology in healthcare market is anticipated to grow at a CAGR of 41.1% during the forecast period of 2024-2032, driven by the increasing investments by key players in blockchain technology companies.
Blockchain Technology: Introduction
Blockchain technology is an advanced database mechanism that allows transparent information sharing within a business network. A blockchain database stores data in blocks that are linked together in a chain.
A blockchain network is used in the healthcare system to preserve and exchange patient data through hospitals, diagnostic laboratories, pharmacy firms, and physicians. Blockchain applications can accurately identify severe mistakes and even dangerous ones in the medical field. Thus, it can improve the performance, security, and transparency of sharing medical data in the health care system. This technology is helpful to medical institutions to gain insight and enhance the analysis of medical records.
Global Blockchain Technology in Healthcare Market Analysis
Blockchain is a network that can provide security in the healthcare sector and keep track of all the data for future reference as well. Such helpful features of blockchain technology can boost the market growth in the coming years. With the installation of blockchain technology in healthcare systems, supply chain management can get better and help track the authenticity of pharmaceuticals and medical devices, which will further increase the demand for block technology in the market.
The implementation of blockchain technology provides a valuable opportunity to curb the dependability and security of clinical trial data. By reducing the potential for data tampering and manipulation, this technology offers a highly effective solution for risks associated with data authenticity, further expected to intensify the global blockchain technology in healthcare market growth.
The ability of blockchain technology to protect and provide secure access to important data without the need for costly intermediaries is also a major factor responsible for the increased adoption in healthcare settings in the coming years, further propelling market growth. The deployment of blockchain technology will potentially enable patient data to be easily accessed by individual patients, rather than being held captive at each location of care, expected to further increase the demand for blockchain technologies in healthcare settings.
Global Blockchain Technology in Healthcare Market Segmentations
Market Breakup by Type
- Public
- Private
Market Breakup by Application
- Supply Chain Management
- Data Exchange and Interoperability
- Claims Adjudication and Billing
- Others
Market Breakup by End User
- Pharmaceutical and Medical Device Companies
- Healthcare Payers
- Healthcare Providers
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Global Blockchain Technology in Healthcare Market Overview
The increasing investments by key players in blockchain technology companies are a major factor driving the market growth. The increased awareness about cryptocurrency and the legalization of cryptocurrency in countries is expected to boost market growth in the coming years. The increasing requirement for a decentralized platform for storing and managing electronic health records (EHRs) in a digital ledger is a major reason for the potential adoption of blockchain technology in healthcare settings, which will further propel the blockchain technology in healthcare market growth. The potential of blockchain in securing healthcare data has gained significant traction due to the increasing prevalence of security breaches in the healthcare sector, further propelling the market growth.
Geographically, North America is leading the blockchain technology in healthcare market share due to the increased adoption of blockchain technology by organizations in the region. Industries, such as government, retail, and BFSI, are implementing payment and wallet solutions, smart contracts, and digital identity detection solutions, which is creating the need for blockchain technologies. Furthermore, the increased popularity of cryptocurrency among regional people is also one of the major factors influencing the regional market growth.
Global Blockchain Technology in Healthcare Market: Competitor Landscape
The key features of the market report include patent analysis, grants analysis, clinical trials analysis, funding and investment analysis, partnerships, and collaborations analysis by the leading key players. The major companies in the market are as follows:
- iSolve, LLC
- Avaneer Health, Inc
- Akiri, Inc
- Change Healthcare, Inc
- Hashed Health
- GuardTime
- SMITH & NEPHEW
- Oracle Corporation
- Proof Works
- Embleema
- International Business Machines Corporation (IBM)
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2017-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Company type |
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| Breakup by Application |
|
| Breakup by End User |
|
| Breakup by Region |
|
| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
1.1 Objectives of the Study
1.2 Key Assumptions
1.3 Report Coverage – Key Segmentation and Scope
1.4 Research Methodology
2 Executive Summary
3 Global Blockchain Technology in Healthcare Market Overview
3.1 Global Blockchain Technology in Healthcare Market Historical Value (2017-2023)
3.2 Global Blockchain Technology in Healthcare Market Forecast Value (2024-2032)
4 Global Blockchain Technology in Healthcare Market Landscape
4.1 Global Blockchain Technology in Healthcare Market Developers Landscape
4.1.1 Analysis by Year of Establishment
4.1.2 Analysis by Company Size
4.1.3 Analysis by Region
4.2 Global Blockchain Technology in Healthcare Market Product Landscape
4.2.1 Analysis by Type
4.2.2 Analysis by Application
5 Global Blockchain Technology in Healthcare Market Dynamics
5.1 Market Drivers and Constraints
5.2 SWOT Analysis
5.3 Porter’s Five Forces Model
5.4 Key Demand Indicators
5.5 Key Price Indicators
5.6 Industry Events, Initiatives, and Trends
5.7 Value Chain Analysis
6 Global Blockchain Technology in Healthcare Market Segmentation
6.1 Global Blockchain Technology in Healthcare Market by Company type
6.1.1 Market Overview
6.1.2 Public
6.1.3 Private
6.2 Global Blockchain Technology in Healthcare Market by Application
6.2.1 Market Overview
6.2.2 Supply Chain Management
6.2.3 Data Exchange and Interoperability
6.2.4 Claims Adjudication and Billing
6.2.5 Others
6.3 Global Blockchain Technology in Healthcare Market by End User
6.3.1 Market Overview
6.3.2 Pharmaceutical and Medical Device Companies
6.3.3 Healthcare Payers
6.3.4 Healthcare Providers
6.3.5 Others
6.4 Global Blockchain Technology in Healthcare Market by Region
6.4.1 Market Overview
6.4.2 North America
6.4.3 Europe
6.4.4 Asia Pacific
6.4.5 Latin America
6.4.6 Middle East and Africa
7 North America Blockchain Technology in Healthcare Market
7.1 Market Share by Country
7.2 United States of America
7.3 Canada
8 Europe Blockchain Technology in Healthcare Market
8.1 Market Share by Country
8.2 United Kingdom
8.3 Germany
8.4 France
8.5 Italy
8.6 Others
9 Asia Pacific Blockchain Technology in Healthcare Market
9.1 Market Share by Country
9.2 China
9.3 Japan
9.4 India
9.5 ASEAN
9.6 Australia
9.7 Others
10 Latin America Blockchain Technology in Healthcare Market
10.1 Market Share by Country
10.2 Brazil
10.3 Argentina
10.4 Mexico
10.5 Others
11 Middle East and Africa Blockchain Technology in Healthcare Market
11.1 Market Share by Country
11.2 Saudi Arabia
11.3 United Arab Emirates
11.4 Nigeria
11.5 South Africa
11.6 Others
12 Patent Analysis
12.1 Analysis by Type of Patent
12.2 Analysis by Publication year
12.3 Analysis by Issuing Authority
12.4 Analysis by Patent Age
12.5 Analysis by CPC Analysis
12.6 Analysis by Patent Valuation
12.7 Analysis by Key Players
13 Grants Analysis
13.1 Analysis by year
13.2 Analysis by Amount Awarded
13.3 Analysis by Issuing Authority
13.4 Analysis by Grant Application
13.5 Analysis by Funding Institute
13.6 Analysis by NIH Departments
13.7 Analysis by Recipient Organization
14 Funding Analysis
14.1 Analysis by Funding Instances
14.2 Analysis by Type of Funding
14.3 Analysis by Funding Amount
14.4 Analysis by Leading Players
14.5 Analysis by Leading Investors
14.6 Analysis by Geography
15 Partnership and Collaborations Analysis
15.1 Analysis by Partnership Instances
15.2 Analysis by Type of Partnership
15.3 Analysis by Leading Players
15.4 Analysis by Geography
16 Regulatory Framework
16.1 Regulatory Overview
16.1.1 US FDA
16.1.2 EU EMA
16.1.3 INDIA CDSCO
16.1.4 JAPAN PMDA
16.1.5 Others
17 Supplier Landscape
17.1 iSolve, LLC
17.1.1 Financial Analysis
17.1.2 Product Portfolio
17.1.3 Demographic Reach and Achievements
17.1.4 Mergers and Acquisitions
17.1.5 Certifications
17.2 Avaneer Health, Inc
17.2.1 Financial Analysis
17.2.2 Product Portfolio
17.2.3 Demographic Reach and Achievements
17.2.4 Mergers and Acquisitions
17.2.5 Certifications
17.3 Akiri, Inc
17.3.1 Financial Analysis
17.3.2 Product Portfolio
17.3.3 Demographic Reach and Achievements
17.3.4 Mergers and Acquisitions
17.3.5 Certifications
17.4 Change Healthcare, Inc
17.4.1 Financial Analysis
17.4.2 Financial Portfolio
17.4.3 Demographic Reach and Achievements
17.4.4 Mergers and Acquisitions
17.4.5 Certifications
17.5 Hashed Health
17.5.1 Financial Analysis
17.5.2 Product Portfolio
17.5.3 Demographic Reach and Achievements
17.5.4 Mergers and Acquisitions
17.5.5 Certifications
17.6 GuardTime
17.6.1 Financial Analysis
17.6.2 Product Portfolio
17.6.3 Demographic Reach and Achievements
17.6.4 Mergers and Acquisitions
17.6.5 Certifications
17.7 Oracle Corporation
17.7.1 Financial Analysis
17.7.2 Product Portfolio
17.7.3 Demographic Reach and Achievements
17.7.4 Mergers and Acquisitions
17.7.5 Certifications
17.8 Proof Works
17.8.1 Financial Analysis
17.8.2 Product Portfolio
17.8.3 Demographic Reach and Achievements
17.8.4 Mergers and Acquisitions
17.8.5 Certifications
17.9 Embleema
17.9.1 Financial Analysis
17.9.2 Product Portfolio
17.9.3 Demographic Reach and Achievements
17.9.4 Mergers and Acquisitions
17.9.5 Certifications
17.10 International Business Machines Corporation (IBM)
17.10.1 Financial Analysis
17.10.2 Product Portfolio
17.10.3 Demographic Reach and Achievements
17.10.4 Mergers and Acquisitions
17.10.5 Certifications
18 Global Blockchain Technology in Healthcare Market - Distribution Model (Additional Insight)
18.1 Overview
18.2 Potential Distributors
18.3 Key Parameters for Distribution Partner Assessment
19 Key Opinion Leaders (KOL) Insights (Additional Insight)
20 Company Competitiveness Analysis (Additional Insight)
20.1 Very Small Companies
20.2 Small Companies
20.3 Mid-Sized Companies
20.4 Large Companies
20.5 Very Large Companies
21 Payment Methods (Additional Insight)
21.1 Government Funded
21.2 Private Insurance
21.3 Out-of-Pocket
*Additional insights provided are customisable as per client requirements.
Key Questions Answered in the Report
The market is anticipated to grow at a CAGR of 41.1% during the forecast period of 2024-2032.
The increasing digitization of procedures in the healthcare sector is a major factor responsible for market growth.
The increasing popularity of cryptocurrency among people and the increasing legalization of cryptocurrency by countries are major trends influencing the market growth.
The major regions of the market include North America, Europe, Asia Pacific, Latin America, Middle East and Africa. North America is currently leading the global market.
Different company types of blockchain technologies include public and private.
They find wide applications in supply chain management, data exchange, and interoperability, claims adjudication and billing, among others.
End users in the market are pharmaceutical and medical device companies, healthcare payers, and healthcare providers, among others.
Key players involved in the market are iSolve, LLC, Avaneer Health, Inc, Akiri, Inc, Change Healthcare, Inc, Hashed Health, GuardTime, SMITH & NEPHEW, Oracle Corporation, Proof Works, Embleema, and International Business Machines Corporation (IBM).
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