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Pulished Date August, 2019
ID: 8650
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Global Blockchain in Healthcare Market Analysis - By Application (Supply Chain Management, Clinical Data Exchange & Interoperability, Claims Adjudication and Billing), By End User (Pharmaceutical Companies, Healthcare Payers and Providers) and By Region (North America, Europe, Asia Pacific, Latin America, Middle East and Africa) - Industry Size, Share, Trends, Growth, and Forecast | 2019 - 2024

Pulished: August, 2019
ID: 8650
Pages: 170

Blockchain in Healthcare Market Size & Growth (2019 - 2024)

The size of the Global Blockchain in Healthcare Market is predicted to grow at a CAGR of 72.98% from 2019 to 2024. North America holds the most significant shares of the market, followed by Europe.

Role of Blockchain Technology in the Healthcare Industry

Recently a research paper was published in the International Journal of Healthcare Systems & Informatics on improving opportunities in the healthcare supply chain process through the internet of things & blockchain technology. Blockchain Integration with the Internet of things (IoT) is the most recently discussed topic in the emerging technology sector. IoT blockchain provides a superior method to track & trace products via peer-to-peer distributed, secure & shared ledger of the blockchain network. The inefficiencies in current systems such as interoperability issues & data disconnection among the healthcare systems share a lack of trust in the data-sharing platform. The study discusses the role of IoT-based blockchain in enhancing & addressing the key issue – Healthcare Product Management. Recently a research paper was published in the Journal of Biomedical Informatics about performance analysis of blockchain-based personal health record implementation. The document discusses the implementation & evaluation of an own health record (PHR) model, which integrates scattered health records using blockchain technology & the openEHR interoperability standards. A prototype was implemented & evaluated the performance of medical records from multiple databases. The test result showed that the data distributed through a blockchain could be recovered with low response time & high availability of data.

PokitDok (United States of America) serves as a platform to provide faster & more convenient access to healthcare firms to launch new services & products in the Blockchain in Healthcare Market. Recently VSP GLOBAL has partnered with PokitDok to explore blockchain solutions for the healthcare industry. Recently PokitDok announced healthcare insurance eligibility on the Salesforce AppExchange, one of the leading firms in Apps Marketplace.

Proof. Work (UK) has leveraged immutable trust in blockchain to create the world’s first patient – first healthcare ecosystem. It has created a democratized health & wellness ecosystem to govern data & improve care using blockchain technology. Proof. Work is developing a Healthcare Data Exchange Vault (HDEV) using blockchain technology to help address key strategic imperative for the healthcare sector.

REPORT COVERAGE:

REPORT METRIC

DETAILS

Market Size Available

2018 – 2024

Base Year

2018

Forecast Period

2019 - 2024

Segments Covered

By Application, End User and Region

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

Market Leaders Profiled

Guardtime (Estonia), PokitDok (United States of America), IBM (United States of America), Microsoft (United States of America), Gem (United States of America), Chronicled (United States of America), iSolve (United States of America), Hashed Health (United States of America), Patientory (United States of America), Proof. Work (UK), SimplyVital Health (United States of America), FarmaTrust (UK), Blockpharma (France), Medical chain (UK), & Factom (United States of America).

 

This research report on the Global Blockchain in Healthcare Market segmented and sub-segmented into the following categories and analyzed market size and forecast for each segment until 2024.

Blockchain in Healthcare Market Analysis - By Application:

  • Supply Chain Management
  • Clinical Data Exchange & Interoperability
  • Claims Adjudication and Billing

Blockchain in Healthcare Market Analysis - By End User:

  • Pharmaceutical Companies
  • Healthcare Payers
  • Providers

Blockchain in Healthcare Market Analysis - By Region:

  • North America - US, Canada, Mexico and Rest of North America
  • Europe - UK, France, Spain, Germany, Italy, Russia, Sweden, Denmark, Switzerland, Netherlands, Turkey, Czech Republic and Rest of Europe
  • APAC - India, China, Japan, South Korea,  Australia, New Zealand, Thailand, Malaysia, Vietnam, Philippines, Indonesia, Singapore and Rest of APAC
  • Latin America - Brazil, Argentina, Chile and Rest of Latin America
  • Middle East and Africa -  KSA, UAE, Israel, rest of GCC countries, South Africa, Ethiopia, Kenya, Egypt, Sudan, rest of MEA

Regionally, North America holds the most significant market shares in Blockchain Technology in the Healthcare Market, followed by Europe. Breach of medical data, strict policies to improve medicine supply chain & increasing healthcare expenditure is likely to boost the markets’ growth in the region. The Asia Pacific is also expected to show rapid growth due to improved economic conditions, thereby increased consumer services.

Top companies in the market

Some of the key companies like Guardtime (Estonia), PokitDok (United States of America), IBM (United States of America), Microsoft (United States of America), Gem (United States of America), Chronicled (United States of America), iSolve (United States of America), Hashed Health (United States of America), Patientory (United States of America), Proof. Work (UK), SimplyVital Health (United States of America), FarmaTrust (UK), Blockpharma (France), Medical chain (UK), & Factom (United States of America) are playing a leading role in the Global Blockchain in Healthcare Market.

This report offers:

  • The evaluation of the current market for various products & services & the future implications of the Blockchain in Healthcare Market.
  • Addresses the opportunities by better understanding the market through size estimates and growth rate analysis to forecast the Blockchain in Healthcare Market for the Extensive future segmentation.
  • Various important market positioning and key strategies of key service providers as per Blockchain Technology in the Healthcare Market.
  • Addresses the key market recent developments, growth analysis, drivers, restraints, & product description.

Blockchain Technology in Healthcare Market

  • Global,Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • Segment-level analysis in terms of by application by end user,along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market

Blockchain Technology in Healthcare Market

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