Blockchain Technology in Healthcare Market

Blockchain Technology in Healthcare Market worth $7789.8 million by 2027, at a CAGR of 76.6%

The report "Blockchain Technology in Healthcare Market by Application (Supply Chain Management, Clinical Data Exchange & Interoperability, Claims Adjudication and Billing), End User (Pharmaceutical Companies, Healthcare Payers, Providers) - Global Forecast to 2027" The healthcare blockchain market is expected to reach USD 7789.8 million by 2027 from USD 82.4 million in 2019, at a CAGR of 76.6%. Factors such as the increasing incidence of healthcare data breaches, rising number of counterfeit drugs in circulation, growing trend of blockchain as a service (BaaS), and government initiatives to implement blockchain technologies to secure medical data are the major factors driving the growth of the market.

Browse 76 market data Tables and 25 Figures spread through 128 Pages and in-depth TOC on "Blockchain Technology in Healthcare Market by Application (Supply Chain Management, Clinical Data Exchange & Interoperability, Claims Adjudication and Billing), End User (Pharmaceutical Companies, Healthcare Payers, Providers) - Global Forecast to 2027"
View detailed Table of Content here
- https://www.marketsandmarkets.com/Market-Reports/blockchain-technology-healthcare-market-109977720.html

The supply chain segment held the largest share of the market in 2018.

On the basis of application, the healthcare blockchain market is segmented into supply chain management, clinical data exchange and interoperability, claims adjudication and billing management, and other applications. In 2018, the supply chain management segment accounted for the largest share of the healthcare blockchain market. Factors such as the increasing number of counterfeit drugs in circulation and the implementation of stringent regulations such as the Drug Quality and Security Act (DQSA) in the US and the Falsified Medicines Directive (FMD) in Europe are driving the adoption of blockchain technologies for healthcare supply chain management.

In 2018, pharmaceutical companies are expected to be the largest end users of the blockchain technology in the healthcare market.

Based on end users, the global healthcare blockchain market is broadly segmented into pharmaceutical companies, healthcare payers, healthcare providers, and other end users. The pharmaceutical companies segment is slated to account for the largest share of the market in 2018. Stringent regulations related to healthcare supply chain management in major markets such as the US and Europe mandate the implementation of full, unit-level track-and-trace systems for pharmaceutical products. Such mandates from regulatory bodies are expected to boost the adoption of blockchain in the pharmaceutical industry.

North America dominated the market in 2018.

North America is expected to hold the largest share of the healthcare blockchain market in 2018, followed by Europe. The large share of North America in this market is attributed to the implementation of regulations in the region regarding the safety of patient data and improving quality of care, increasing incidence of fraudulent activities in the healthcare sector, need to reduce the escalating healthcare costs, and the growing need to prevent medical data tampering.

Some of the prominent players in this market are IBM (US), Microsoft (US), Guardtime (Estonia), PokitDok (US), Gem (US), Chronicled (US), iSolve (US), Hashed Health (US), Patientory (US), Factom (US), Proof.Work (UK), SimplyVital Health (US), FarmaTrust (UK), Blockpharma (France), and Medicalchain (UK).

Don’t miss out on business opportunities in Blockchain Technology in Healthcare Market. Speak to our analyst and gain crucial industry insights that will help your business grow.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com

Report Code
HIT 6466
PR Published ON
6/24/2019
Choose License Type
BUY NOW
  • SHARE
X
Request Customization
Speak to Analyst
Speak to Analyst
OR FACE-TO-FACE MEETING
PERSONALIZE THIS RESEARCH
  • Triangulate with your Own Data
  • Get Data as per your Format and Definition
  • Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
  • Any level of Personalization
REQUEST A FREE CUSTOMIZATION
LET US HELP YOU!
  • What are the Known and Unknown Adjacencies Impacting the Blockchain Technology in Healthcare Market
  • What will your New Revenue Sources be?
  • Who will be your Top Customer; what will make them switch?
  • Defend your Market Share or Win Competitors
  • Get a Scorecard for Target Partners
REQUEST A FREE WORKSHOP
ADJACENT MARKETS
REQUEST BUNDLE REPORTS
ONLINE CHAT
+1-888-600-6441
  • Call Us
  • +1-888-600-6441 (Corporate office hours)
  • +1-888-600-6441 (US/Can toll free)
  • +44-800-368-9399 (UK office hours)
CONNECT WITH US
ABOUT TRUST ONLINE
© MarketsandMarkets Research Private Ltd. All rights reserved
...

Digital Virtual Assistant - MarketsandMarkets

Home