According to a new report published by Allied Market Research, titled, “Blockchain Technology in Healthcare Market,” The blockchain technology in healthcare market was valued at $531.19 million in 2021, and is estimated to reach $16.30 billion by 2031, growing at a CAGR of 40.8% from 2022 to 2031.
♦ 𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐅𝐫𝐞𝐞 𝐏𝐃𝐅 𝐁𝐫𝐨𝐜𝐡𝐮𝐫𝐞:
Key Findings of the Study –
- By type, the public segment was the highest contributor to the market in 2021.
- By application, the supply chain management segment was the highest contributor to the market in 2021.
- Depending on end user, the pharmaceutical and medical device companies’ segment was highest contributor in 2021, and is expected to continue this trend during the forecast period.
- Region wise, North America garnered the largest revenue share in 2021, whereas Asia-Pacific is anticipated to grow at the highest CAGR during the forecast period.
In the healthcare system, blockchain networks are used to store and share patient data between hospitals, research laboratories, pharmaceutical companies and doctors. It can improve the efficiency, security and transparency of health data exchange within the healthcare system. Medical institutions can gain knowledge and improve the analysis of patient information using this technology.
The increase in data breaches is one of the main drivers for the use of blockchain technology in healthcare. The market for blockchain technology in health has developed following the implementation of blockchain technology in the health system. This can reduce annual operating costs, and data breach costs, IT costs, labor costs, support costs and employee costs, as well as by reducing fraud and counterfeit products. By incorporating blockchain into supply chain management, comprehensive protection against counterfeit drugs can be provided. So it is also the leading blockchain technology in the healthcare market.
♦ 𝐅𝐨𝐫 𝐏𝐮𝐫𝐜𝐡𝐚𝐬𝐞 𝐈𝐧𝐪𝐮𝐢𝐫𝐲 𝐨𝐟 𝐑𝐞𝐩𝐨𝐫𝐭:
The blockchain technology and healthcare market is segmented based on type, application, end user and region. By type, the market is divided into private and public. The public sector dominates blockchain technology and healthcare market size in 2021 as public blockchains become open and accessible to everyone. The private sector is expected to witness the highest CAGR of 41.2% during the forecast period, owing to its improved security and scalable design. The private sector is divided into private and joint. The joint venture segment posted the highest revenue in 2021 and is expected to witness the highest CAGR of 41.6% during the forecast period due to high reserves.
Key Market Players –
Major key players that operate in the industry are Akiri, Inc., Avaneer health, Inc., BurstIQ, Crystalchain, Change Healthcare, Inc., Chronicled, Equideum Health, Embleema, Farma Trust, Guardtime, Hashed Health, International Business Machines Corporation (IBM), iSolve, LLC, Medical Chain SA, Oracle Corporation, Patientory, Inc, and Proof.Works.
By Region –
North America (U.S., Canada, Mexico)
Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
LAMEA (Brazil, Saudi Arabia, South Africa, Rest of LAMEA)
Asia-Pacific (Japan, China, Australia, India, South Korea, Rest of Asia-Pacific)
♦ 𝐁𝐮𝐲 𝐍𝐨𝐰 𝐓𝐡𝐢𝐬 𝐄𝐱𝐜𝐥𝐮𝐬𝐢𝐯𝐞 𝐑𝐞𝐩𝐨𝐫𝐭:
Frequently Asked Questions?
Q1. What is the total market value of global blockchain technology in healthcare market?
Q2. Which market holds the maximum market share of the global blockchain technology in healthcare market?
Q3. What will be global blockchain technology in healthcare market growth in 2030?
Q4. What are the key trends in the global blockchain technology in healthcare market?
Q5. What are the key growth strategies of global blockchain technology in healthcare market players? Q6. How the company profile has been selected?
About Us –
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various research data tables and confirms utmost accuracy in our market forecasting. Each and every us companies and this helps us in digging out market data that helps us generate accurate y data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
5933 NE Win Sivers Drive
#205, Portland, OR 97220
USA/Canada (Toll Free): +1-800-792-5285, +1-503-894-6022
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060