The Global Blockchain Technology in Healthcare Market accounts for USD 42.06 million and expected to register healthy CAGR 71.8% during the forecast period.
Blockchain technology is used to collect and track information about transactions on real time basis. It works as a digital ledger and tracks all the activities carried out within the network. Increasing cases of data theft in healthcare, rising demand of easy to use and inexpensive data management tools, and rising adoption of blockchain technology are expected to drive the growth of the market. According to the Insurance Information Institute, in 2016 more than 16.7 million cases of identity fraud were registered in US and it caused USD 16.8 billion loss to the victims.
The lack of significant entity and universal standards, and lack of awareness about blockchain technology may hamper the growth of the market during the assessment period.
Blockchain Technology in Healthcare Market Segmentation:
The Global Blockchain Technology in Healthcare Market has been segmented on the basis of application, type, and end-user.
On the basis of application, Blockchain Technology in Healthcare Market has been classified into supply chain management, patient data management, drug traceability, clinical trials & data security, claims adjudication, billing, and others.
Blockchain technology in healthcare on the basis of type has been segmented into permissioned blockchains and permission less blockchains.
Blockchain Technology in Healthcare Market, by end user, has been segmented into pharmaceutical companies, healthcare service providers, healthcare consumers, and others
Blockchain Technology in Healthcare Market has been segmented, by region, into the Americas, Europe, Asia-Pacific, and the Middle East & Africa. The blockchain technology in healthcare market in the Americas has further been segmented into North America and South America, with the North American market divided into the US and Canada.
Key Players:
Some of the key players in the global blockchain technology in healthcare market are IBM, Microsoft , Guardtime,Pokitdok , Gem, Patientory, Hashed Health, Chronicled, Isolve, Factom, Blockpharma, Medicalchain, Simplyvital Health,Farmatrust, and others
Global Blockchain Technology in Healthcare Market, by Application:
- Capsule Endoscopy
- Supply Chain Management
- Patient Data Management
- Drug Traceability
- Clinical Trials & Data Security
- Claims Adjudication
- Billing
- Others
Global Blockchain Technology in Healthcare Market, by Type:
- Permissioned Blockchains
- Permission less Blockchains
Global Blockchain Technology in Healthcare Market, by End User:
- Pharmaceutical companies
- Healthcare Service providers
- Healthcare consumers
- Others
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