The report is titled “Global blockchain technology in the healthcare Market” which examines the use of blockchain technology within the global healthcare market on the type of network, the application, the user, and the region. A detailed market report with an industry overview offers the most complete historical and projected market size along with trend analysis. RationalStat offers an analysis of market shares, a blockchain technology overview, and the penetration of blockchain technology, healthcare consumers as well as Covid-19’s impact analysis. An overview of the competitive landscape, market strategies, and potential growth avenues for the companies that are in the market.

Market overview and dynamics: Increasing frequency of data leaks as well as data breaches is likely to increase the growth of global blockchain technology within the healthcare sector in the near future.

The use of blockchain technology worldwide for healthcare is predicted to grow by around 60% in the 2022-2028 forecast. In addition, the global market for blockchain is expected to be US$17.1 billion by 2022. Due to the increasing danger of data manipulation as well as the increasing threat of data tampering, the global blockchain market for healthcare is expected to be an array of possibilities in the coming years.

Additionally, the growing frequency of data breaches and leaks and the increasing demand to address these concerns will likely fuel the growth of the market. Blockchain technology also in the healthcare industry is affordable and aids in the secure interoperability of data and is expected to increase in popularity over the next few years.

Additionally, with the blockchain system, the ability to update or alter information is not allowed, which ensures the information’s security. This will fuel industry growth in the coming years. The increased use of blockchain technology to perform essential functions like verifying the authenticity of drugs returned and preventing counterfeits and compliance with the supply chain of pharmaceuticals and transparency in clinical trials and traceability, as well as improving the quality and reliability of data from clinical trials is expected to increase demand in the coming years.

Additionally, the risk that counterfeit medications pose, increasing use the use of blockchain in a platform for service, and the immutability and transparency in distributed ledger technologies via blockchain, are a few of the main factors predicted to boost the expansion of the blockchain tech in the healthcare industry during the forecast timeframe of 2021-2028.

However, the increasing number of government initiatives that aim to expand the scope of blockchain in the healthcare industry with the rising use of electronic medical records will boost the development of blockchain technologies during the forecast period.

Competition Analysis: Constant Government support and initiatives in the blockchain in the healthcare market are anticipated to propel market growth in the upcoming years

Due to the presence of many well-established companies in the global blockchain technology in the healthcare market, there is intense competition in the global blockchain market. The increasing use of blockchain technology in every aspect of healthcare including biopharmaceutical & medical devices companies, hospitals, etc. is expected to increase their use of natural raw materials.

Acquisitions, product launches, and partnerships are the identified industry trend in the global blockchain technology in the healthcare market. Key market players adopt various strategies in order to reinforce their market share and gain a competitive edge over other competitors in the market. These players adopt various strategies in order to reinforce their market share and gain a competitive edge over other competitors in the market.

• In October 2021, amid the COVID-19 spread, a COVID-19 testing service was launched by MDS Mexico. This service is blockchain technology-based and ensures the authenticity of vaccination certificates.
• In April 2020, to tackle COVID-19, IBM Corp. established the IBM Rapid Supplier Connect, a blockchain-based network that connects healthcare companies and governments with non-traditional devices, equipment, and supply vendors.

Some of the prominent players in blockchain technology in the healthcare market are IBM Corp., Change Healthcare, Oracle Corp., BurstIQ Inc., UnitedHealth Group, Medicalchain SA, Blockpharma, iSolve LLC, Solve.Care, and Patientory Inc. among others.

RationalStat has segmented the global blockchain technology in the -healthcare market on the basis of network type, application, end-user, and region.

• By Network Type
  • Public Network
  • Private Network
  • Others (Consortium Network)
• By Application
  • Clinical Trials & eConsent
  • Claims Adjudication and Billing
  • Supply Chain Management
  • Clinical Data Exchange and Interoperability
  • Others (Medical Credentialing)
• By End User
  • Biopharmaceutical & Medical Device Companies
  • Healthcare Providers
    • Hospitals
    • Clinics
    • Nursing Homes
    • Others (ASCs)
  • Others (Healthcare Payers)
• By Region
  • North America
    • US
    • Canada
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Western Europe
    • Germany
    • UK
    • France
    • Spain
    • Italy
    • Rest of Western Europe
  • Eastern Europe
    • Russia
    • Poland
    • Rest of Eastern Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • ASEAN (Indonesia, Vietnam, Malaysia, etc.)
    • Rest of Asia Pacific
  • Middle East & Africa
    • GCC
    • South Africa
    • Turkey
    • Rest of the Middle East & Africa

For more information about this report https://store.rationalstat.com/store/growth-opportunity-analysis-global-blockchain-healthcare-market/

About RationalStat LLC

RationalStat is an end-to-end US-based market intelligence and consulting company that provides comprehensive market research reports along with customized strategy and consulting studies.  The company has sales offices in India, Mexico, and the US to support global and diversified businesses. The company has over 80 consultants and industry experts, developing more than 850 market research and industry reports for its report store annually.

RationalStat has strategic partnerships with leading data analytics and consumer research companies to cater to the client’s needs. Additional services offered by the company include consumer research, country reports, risk reports, valuations and advisory, financial research, due diligence, procurement and supply chain research, data analytics, and analytical dashboards.

Contact

RationalStat LLC
Kimberly Shaw, Content and Press Manager
[email protected]
Phone: +1 302 803 5429