Polaris Market Research recently published [115+ Pages] research report on “Blockchain in Healthcare Market Share, Size, Trends, Industry Analysis Report, By End-Use (Healthcare Payers, Biopharmaceutical & Medical Device Companies, Healthcare Providers); By Network Type; By Application; By Region; Segment Forecast, 2022 – 2030” in its research database.
According to the research report, the global blockchain in the healthcare market size & share was valued at USD 1.18 billion in 2021 and is expected to reach USD 95.59 Billion by 2030, growing at a CAGR of 68.4% during the forecast period.
What is Blockchain in Healthcare? How Big is Blockchain in Healthcare Market Size & Share?
Blockchain in healthcare is used in the healthcare system to conserve and exchange patient data through hospitals, diagnostic laboratories, pharmacy firms, and physicians. The rapidly rising demand for blockchain in healthcare market can be attributed to these applications identifying serious mistakes and even menacing ones in the medical field. This technology is helpful in medical institutions to gain perspectives and improvise the analysis of medical records.
The growing cases of information leaks and data infringement, together with the ever-increasing need to restrict these issues, have attributed to market growth. Deliberate ingenuity by the key players escalated demand to lessen drug replication, and the requirement for systematic health data management systems are the prominent factors causing the adoption of technology.
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(The sample of this report is readily available on request. The report sample contains a brief introduction to the research report, a Table of Contents, a Graphical introduction of regional analysis, Top players in the market with their revenue analysis, and our research methodology.)
What Does the Report Include?
- Quantitative analysis of market segments, current trends, estimations, and dynamics
- Information related to key drivers, restraints, and opportunities
- Porter’s five forces analysis underscores the potency of buyers and suppliers
- Prominent countries in each region are plotted as per the revenue contribution to the market
- Market player placement eases benchmarking and offers a comprehensible recognition of the current position of market players
Some of the Top Market Players Are:
- Avaneer health Inc.
- IncorporationBurstIQ Corporation
- Crystalchain Incorporation
- Change Healthcare Incorporation.
- Equideum Health Inc.
- Embleema Corporation
- Farma Trust
- Hashed Health
- iSolve LLC
- IBM Incorporation
- Medical Chain Corporation
- Oracle Corporation
- Patientory Inc
- Quest Diagnostics
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Growth Driving Factors
- Medical examination system to push the market
As per OECD, a contemporary blockchain application has arisen called research foundry to ease out the management of consent and permission for sharing and access to health data, software code, metadata, and other products linked with healthcare R&D. Blockchain in healthcare market size is expanding as the growing investment in the advancement of systematic health care record systems, wearable devices cryptography, and medical examination systems is expected to offer this market with lucrative options in the years to come.
Evolving disease pervasiveness is anticipated to generate a massive amount of data pushing demand for data management. Blockchain in healthcare market sales are soaring as leveraging blockchain technology in healthcare records will ensure that the data cannot be changed to ensure data integrity. The growing investment by prominent market players is further pushing the market growth.
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In January 2021, Optum, a branch of United Health Group, declared the acquisition of Change Healthcare to ease indispensable clinical, operational, and payment procedures more flourishingly. Optum will pay approximately $8 million in cash for the operation and purchase about $5 billion in Change Healthcare debt for an accounting approach of $13 million.
- Clinical trials and the eConsent segment is predicted to lead the market
Based on application, clinical trials and the eConsent segment is anticipated to witness speedy growth. The clinical trial industry is being thrust by a wide range of blockchain technology applications for growing clinical trial quality. Blockchain in healthcare market demand is increasing as using technology in clinical trials permits more successful data management and security. The amalgamation of the technology sanctions clinicians to stay safely connected inside.
- The public market segment is accounted for the highest market share
Based on network type, the public market segment accounted for the highest market share due to the growing preference for a public blockchain system which provides several advantages such as more transparency, a decentralized structure, and records information, amongst others. This blockchain method is considerably used to manage health information efficaciously. Blockchain in healthcare market trends includes digital ledger technology and Ethereum, a public network.
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Blockchain in Healthcare Market: Report Scope
|Market Outlook for 2030||USD 95.59 Billion|
|Market Size 2021 Value||USD 1.18 Billion|
|Expected CAGR Growth||68.4% from 2022 – 2030|
|Forecast Year||2022 – 2030|
|Top Market Players||Avaneer health, Inc., Akiri, IncorporationBurstIQ Corporation, Crystalchain Incorporation, Change Healthcare Incorporation., Equideum Health Inc., Embleema Corporation, Farma Trust, Guardtime, Hashed Health, iSolve, LLC IBM Incorporation, Medical Chain Corporation, Oracle Corporation, Patientory, Inc, Quest Diagnostics, and Proof.Works|
|Segments Covered||By Network Type, By End-Use, By Application, By Region|
|Customization Options||Customized purchase options are available to meet your research needs. Explore customized purchase options|
- Factors such as enhancing patient care to drive the North American market
North America held the most significant blockchain in healthcare market share due to recent breakthroughs in blockchain technology and several government efforts inspiring the usage of these contemporary platforms in the medical sector. Venture capitalists are witnessing massive assurance that blockchain technology enhances patient care, stretching the scope of health services and lessening medical care costs.
Browse the Detail Report “Blockchain in Healthcare Market Share, Size, Trends, Industry Analysis Report, By End-Use (Healthcare Payers, Biopharmaceutical & Medical Device Companies, Healthcare Providers); By Network Type; By Application; By Region; Segment Forecast, 2022 – 2030” with in-depth TOC: https://www.polarismarketresearch.com/industry-analysis/blockchain-in-healthcare
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Frequently Asked Questions
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- Which is the largest regional market?
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- Which are the top companies to hold the market share in blockchain technology in healthcare?
Polaris Market Research has segmented the blockchain in healthcare market report based on network type, application, end-user, and region:
By Network Type Outlook
By Application Outlook
- Clinical Data Exchange & Interoperability
- Claims Adjudication & Billing
- Supply Chain Management
- Clinical Trials & eConsent
By End Use Outlook
- Healthcare Providers
- Healthcare Payers
- Biopharmaceutical & Medical Device Companies
By Region Outlook
- North America (U.S., Canada)
- Europe (France, Germany, UK, Italy, Netherlands, Spain, Russia)
- Asia Pacific (Japan, China, India, Malaysia, Indonesia, South Korea)
- Latin America (Brazil, Mexico, Argentina)
- Middle East & Africa (Saudi Arabia, UAE, Israel, South Africa)
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