High adoption of blockchain technology in several hospitals and organizations, and favorable government initiatives are key factors expected to drive global market revenue growth.
High adoption of blockchain technology in several hospitals and organizations, and favorable government initiatives are key factors expected to drive global market revenue growth
Emergen Research has published its latest report titled, “Blockchain in Healthcare Market By Type (Permissioned/Private Blockchain, Permissionless/Public Blockchain), By Application (Supply Chain Management, Clinical Data Exchange & Interoperability, Claims Adjustment & Billing Management, Others), By End User (Pharmaceutical Companies, Healthcare Providers, Healthcare Payers, Others), and Region Forecasts to 2027”
According to Emergen Research, the global blockchain in healthcare market size was USD 104.4 million in 2019 and is expected to reach USD 5798 million in 2027 and register a revenue CAGR of 64.5% during the forecast period, 2020-2027.
Market Dynamics:
A blockchain is a digitally decentralized and distributed public ledger used for recording information in a way that makes it impossible to hack or change the system. Blockchain is rapidly gaining popularity in the healthcare sector to secure medical data and share patient data with patient consent. It facilities secure transfer of patient records and manages supply chain of medicines. The decentralized nature allows patients and healthcare providers to share patient data securely and quickly.One of the major reasons for deploying blockchain technology in healthcare is the increasing instances of breaching of huge medical data.
Get FREE Sample Copy with TOC of the Report to understand the structure of the complete report@ https://www.emergenresearch.com/request-sample-form/62
Blockchain technology can keep an incorruptible and transparent log of patient data. Revenue growth of the global market is significantly driven by factors such as increasing risks of counterfeit drugs, increasing need for storing and securing medical data, and improving healthcare infrastructure and facilities. In addition, increasing investments to develop efficient healthcare record systems, increasing healthcare expenditure, and rising adoption of Internet of Things (IoT) and Block as a service (BaaS) are expected to fuel market growth during the forecast period. However, lack of skilled professionals for handling operating advanced technology, unavailability of technical infrastructure in many developing countries, and reluctance to share medical data can hamper overall market growth over the forecast period.
COVID-19 Impact Analysis
- Social distancing and restrictions severely disrupted businesses and operations
- Lockdowns caused disruptions in transportation and logistics
- Impacted manufacturing activities and mining operations globally
- Took a toll on economy of various countries
- Caused sudden and drastic downturn in economic activity
- Disrupted agriculture, fisheries, dairy, and other sectors
- Caused loss of employment and financial crisis
- Supply impacts were further compounded owing to reduced disposable income
- Emergence of variants continue to cause concerns and impact normal routines
Permissioned Blockchain Segment to Register Significant Revenue Growth:
The permission blockchain segment is expected to register significant revenue growth during the forecast period. This can be attributed to factors such as increasing incidence of data breaching across the healthcare sector, and rising demand for highly secured supply chain networks. The private blockchain offers faster transaction processes, better privacy, and security due to limited access.
Buy Your Copy Now (Customized Report Delivered as per Your Specific Requirement)@ https://www.emergenresearch.com/select-license/62
Pharmaceutical Companies Segment to Account for Largest Revenue Share:
The pharmaceutical companies segment is expected to account for largest revenue share over the forecast period attributed to increasing need for advanced systems to manage huge databases, rising number of data thefts, and increasing risks of counterfeit drugs.
North America to Lead In Terms of Revenue:
North America is expected to account for largest revenue share in the global market over the forecast period owing to increasing incidence of data breaching from healthcare centers, rapid advancements in blockchain technology, and increasing need for securing Electronic Medical Records (EHR). Other factors such as presence of robust key players and well-developed healthcare facilities, favorable government initiatives, increasing adoption of Internet of Things (IoT), and increasing investments in research and development activities are expected to fuel North America market growth between 2020 and 2027.
Major Companies in the Market Include:
- IBM
- Microsoft
- Gem
- Chronicled
- Hashed Health
- Factom
- Guardtime
- Pokitdok, Inc.
- Patientory, Inc.
- Blockpharma
For the purpose of this report, Emergen Research has segmented the global blockchain in healthcare market on the basis of type, application, end use, and region:
Type Outlook (Revenue, USD Million; 2017-2027)
- Permissioned/Private Blockchain
- Permissionless/Public Blockchain
Application Outlook (Revenue, USD Million; 2017-2027)
- Supply Chain Management
- Clinical Data Exchange & Interoperability
- Claims Adjustment & Billing Management
- Others
End User Outlook (Revenue, USD Million; 2017-2027)
- Pharmaceutical Companies
- Healthcare Providers
- Healthcare Payers
- Others
Click on the link to read key highlights of the report and look at projected trends for years to come: https://www.emergenresearch.com/industry-report/blockchain-in-healthcare-market
Regional Outlook (Revenue: USD Million; 2017-2027)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- U.K.
- BENELUX
- Italy
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- U.A.E.
- South Africa
- Turkey
- Rest of MEA
Latest Published Reports by Emergen Research:
Xanthan Gum Market By Form (Liquid, Dry), By Application (Stabilizer, Thickener, Gelling Agent, Coating Material, Fat Replacer), By Industry Vertical (Food & Beverages, Pharmaceutical, Oil & Gas, Cosmetic & Personal Care), and By Region Forecast to 2028.
Lightweight Materials Market, By Product Type (Plastics, Metals, Composites, Elastomers), By Distribution Channel (Direct, Indirect), By Application (Automotive, Aerospace, Energy, Marine), and By Region Forecast to 2028.
Biorational Product Market, By Type (Insecticides, Fungicides, and Nematicides), By Source (Botanical, Microbial, and Non-Organic), By Mode of Application (Foliar Spray, Soil treatment, and Trunk Injection), and By Region Forecast to 2028.
Optically Clear Adhesive Market By Resin Type (Polyvinyl Acetate, Acrylic, Polyurethane, Epoxy, Silicone, Others), Device Structure, Substrate, Application (Mobile Phones, Monitors & Laptop, Others), By End-Use, and By Region Forecast to 2028.
Metal Foam Market By Material (Aluminum, Copper, Titanium, Zinc, Nickel), By Product (Open Cell, Closed Cell), By Application (Floating Cities, Heat Exchangers, Anti-Intrusion Bars, Energy Absorbers), By End-Use, and By Region Forecast to 2028.
Fullerene Market By Type (C60, C70, C76, Other), By Production Method (Arc Discharge Method, CVD/CCVD Process, Laser Ablation of Graphite, Others), By Shape (Nanotubes, Bucky Balls, Nano-Rods), By End-use, and By Region Forecast to 2028
About Emergen Research
Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
Contact Us:
Eric Lee
Corporate Sales Specialist
Emergen Research | Web: www.emergenresearch.com
Direct Line: +1 (604) 757-9756
E-mail: sales@emergenresearch.com
Visit for More Insights: https://www.emergenresearch.com/insights
Explore Our Custom Intelligence services | Growth Consulting Services
Read Press Release@ https://www.emergenresearch.com/press-release/global-blockchain-in-healthcare-market