Global Blockchain Technology in Healthcare Market Size, Trends & Growth Opportunity, By Type (Permissioned Blockchains, and Permission Less Blockchain), By End User (Healthcare Service Providers, Healthcare Consumers, Pharmaceutical Companies, and Others), By Application (Billing, Clinical Trials & Data Security, Drug Traceability, Patient Data Management, Supply Chain Management, and Others) By Region and Forecast till 2027.
Report ID : IR1001911 | Industries : Healthcare | Published On :June 2024 | Page Count : 210
Global Blockchain Technology in Healthcare Market Size, Trends & Growth Opportunity, By Type (Permissioned Blockchains, and Permission Less Blockchain), By End User (Healthcare Service Providers, Healthcare Consumers, Pharmaceutical Companies, and Others), By Application (Billing, Clinical Trials & Data Security, Drug Traceability, Patient Data Management, Supply Chain Management, and Others) By Region and Forecast till 2027.
Global Blockchain Technology in Healthcare Market
The Global Blockchain Technology in Healthcare Market is expected to grow from US$ 0.76 Billion in 2021 to US$ 15.4 Billion by 2027; it is estimated to grow at a CAGR of 65.44% from 2022 to 2027.
Market Overview
Blockchain technology is used to gather and follow transaction information in real time. This system keeps track of all network activity and functions as a digital ledger. The healthcare sector can benefit from blockchain technology in a number of ways, including decreased data duplication and accelerated transaction times.
Market Drivers
The main factor projected to fuel the growth of the worldwide blockchain technology in healthcare market is the rise in instances of data theft in the healthcare industry. Additionally, the rise in demand for simple and affordable data management technologies will benefit the market's expansion. Additionally, throughout this projection period, a rise in the implementation of blockchain technology in the healthcare industry is anticipated to fuel market expansion. Additionally, a rise in the number of R&D facilities is a key factor in the market's expansion.
Market Restraints
However, the lack of significant entity and universal standards as well as lack of awareness about blockchain technology are the major challenging factors which are expected to hamper the global blockchain in healthcare market growth.
Market Segmentation
Global Blockchain Technology in Healthcare Market is segmented into type such as Permissioned Blockchains, and Permission Less Blockchain, by end user such as Healthcare Service Providers, Healthcare Consumers, Pharmaceutical Companies, and Others. Further, market is segmented into application such as Billing, Clinical Trials & Data Security, Drug Traceability, Patient Data Management, Supply Chain Management, and Others.
Regional Analysis
Also, Global Blockchain Technology in Healthcare Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
Market Key Players
Various key players are discussed in this report such as IBM Corporation, Microsoft Corporation, Guardtime, Pokitdok, Gem, Patientory, Simplyvital Health, Blockpharma, and Farmatrust.
Key Developments
• Beginning in January 2022, Avaneer Health will have access to USD 50 million in startup funding thanks to further assistance from a number of renowned healthcare organisations. The network, which is built on blockchain technology, emphasises payer-to-payer data sharing, eligibility, and prior authorisation while utilising HL7's FHIR specification to broaden data access among healthcare organisations.
Market Taxonomy
By Type
• Permissioned Blockchains
• Permission Less Blockchain
By End User
• Healthcare Service Providers
• Healthcare Consumers
• Pharmaceutical Companies
• Others
By Application
• Billing
• Clinical Trials & Data Security
• Drug Traceability
• Patient Data Management
• Supply Chain Management
• Others
By Region
• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa
Key Questions Addressed by the Report
• What are the Key Opportunities in Global Blockchain Technology in Healthcare Market?
• What will be the growth rate from 2022 to 2027?
• Which segment/region will have highest growth?
• What are the factors that will impact/drive the Market?
• What is the competitive Landscape in the Industry?
• What is the role of key players in the value chain?
• What are the strategies adopted by key players?
Global Blockchain Technology in Healthcare Market
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Blockchain Technology in Healthcare Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Blockchain Technology in Healthcare Market, By Type
5.1 Y-o-Y Growth Comparison, By Type
5.2 Global Blockchain Technology in Healthcare Market Share Analysis, By Type
5.3 Global Blockchain Technology in Healthcare Market Size and Forecast, By Type
5.3.1 Permissioned Blockchain
5.3.2 Permission less Blockchain
6 Global Blockchain Technology in Healthcare Market, By End User
6.1 Y-o-Y Growth Comparison, By End User
6.2 Global Blockchain Technology in Healthcare Market Share Analysis, By End User
6.3 Global Blockchain Technology in Healthcare Market Size and Forecast, By End User
6.3.1 Healthcare Service Providers
6.3.2 Healthcare Consumers
6.3.3Pharmaceutical Companies
6.3.4Others
7 Global Blockchain Technology in Healthcare Market, By Application
7.1 Y-o-Y Growth Comparison, By Application
7.2 Global Blockchain Technology in Healthcare Market Share Analysis, By Application
7.3 Global Blockchain Technology in Healthcare Market Size and Forecast, By Application
7.3. 1 Billing
7.3.2 Clinical Trials & Data Security
7.3.3 Drug Traceability
7.3.4 Patient Data Management
7.3.5 Supply Chain Management
7.3.6Others
8Global Blockchain Technology in Healthcare Market, By Region
8.1 Global Blockchain Technology in Healthcare Market Share Analysis, By Region
8.2 Global Blockchain Technology in Healthcare Market Share Analysis, By Region
8.3 Global Blockchain Technology in Healthcare Market Size and Forecast, By Region
9 North America Blockchain Technology in Healthcare Market Analysis and Forecast (2022 – 2027)
9.1 Introduction
9.2 North America Blockchain Technology in Healthcare Market Share Analysis, By Type
9.3 North America Blockchain Technology in Healthcare Market Size and Forecast, By End User
9.4 North America Blockchain Technology in Healthcare Market Size and Forecast, By Application
9.5 North America Blockchain Technology in Healthcare Market Size and Forecast, By Country
9.5.1 U.S.
9.5.2 Canada
9.5.3 Mexico
10 Europe Blockchain Technology in Healthcare Market Analysis and Forecast (2022 – 2027)
10.1 Introduction
10.2 Europe Blockchain Technology in Healthcare Market Share Analysis, By Type
10.3 Europe Blockchain Technology in Healthcare Market Size and Forecast, By End User
10.4 Europe Blockchain Technology in Healthcare Market Size and Forecast, By Application
10.5 Europe Blockchain Technology in Healthcare Market Size and Forecast, By Country
10.5.1 Germany
10.5.2 France
10.5.3 UK
10.54. Rest of Europe
11 Asia Pacific Blockchain Technology in Healthcare Market Analysis and Forecast (2022 – 2027)
11.1 Introduction
11.2 Asia Pacific Blockchain Technology in Healthcare Market Share Analysis, By Type
11.3 Asia Pacific Blockchain Technology in Healthcare Market Size and Forecast, By End User
11.4 Asia Pacific Blockchain Technology in Healthcare Market Size and Forecast, By Application
11.5 Asia Pacific Blockchain Technology in Healthcare Market Size and Forecast, By Country
11.5.1 China
11.5.2 Japan
11.5.3 India
11.5.4. Rest of Asia Pacific
12 Latin America Blockchain Technology in Healthcare Market Analysis and Forecast (2022 – 2027)
12.1 Introduction
12.2 Latin America Blockchain Technology in Healthcare Market Share Analysis, By Type
12.3 Latin America Blockchain Technology in Healthcare Market Size and Forecast, By End User
12.4 Latin America Blockchain Technology in Healthcare Market Size and Forecast, By Application
12.5 Latin America Blockchain Technology in Healthcare Market Size and Forecast, Country
13Middle East Blockchain Technology in Healthcare Market Analysis and Forecast (2022 – 2027)
13.1 Introduction
13.2 Middle East Blockchain Technology in Healthcare Market Share Analysis, By Type
13.3 Middle East Blockchain Technology in Healthcare Market Size and Forecast, By End User
13.4 Middle East Blockchain Technology in Healthcare Market Size and Forecast, By Application
13.5 Middle East Blockchain Technology in Healthcare Market Size and Forecast, By Country
14Competitive Analysis
14.1 Competition Dashboard
14.2 Market share Analysis of Top Vendors
14.3 Key Development Strategies
15 Company Profiles
15.1 IBM Corporation
15.1.1 Overview
15.1.2 Offerings
15.1.3 Key Financials
15.1.4 Business Segment & Geographic Overview
15.1.5 Key Market Developments
15.1.6 Key Strategies
15.2 Microsoft Corporation
15.2.1 Overview
15.2.2 Offerings
15.2.3 Key Financials
15.2.4 Business Segment & Geographic Overview
15.2.5 Key Market Developments
15.2.6 Key Strategies
15.3 Guardtime
15.3.1 Overview
15.3.2 Offerings
15.3.3 Key Financials
15.3.4 Business Segment & Geographic Overview
15.3.5 Key Market Developments
15.3.6 Key Strategies
15.4 Pokitdok
15.4.1 Overview
15.4.2 Offerings
15.4.3 Key Financials
15.4.4 Business Segment & Geographic Overview
15.4.5 Key Market Developments
15.4.6 Key Strategies
15.5 Gem
15.5.1 Overview
15.5.2 Offerings
15.5.3 Key Financials
15.5.4 Business Segment & Geographic Overview
15.5.5 Key Market Developments
15.5.6 Key Strategies
15.6 Patientory
15.6.1 Overview
15.6.2 Offerings
15.6.3 Key Financials
15.6.4 Business Segment & Geographic Overview
15.6.5 Key Market Developments
15.6.6 Key Strategies
15.7 Simplyvital Health
15.7.1 Overview
15.7.2 Offerings
15.7.3 Key Financials
15.7.4 Business Segment & Geographic Overview
15.7.5 Key Market Developments
15.7.6 Key Strategies
15.8 Blockpharma
15.8.1 Overview
15.8.2 Offerings
15.8.3 Key Financials
15.8.4 Business Segment & Geographic Overview
15.8.5 Key Market Developments
15.8.6 Key Strategies
15.9 Farmatrust
15.9.1 Overview
15.9.2 Offerings
15.9.3 Key Financials
15.9.4 Business Segment & Geographic Overview
15.9.5 Key Market Developments
15.9.6 Key Strategies