Blockchain Technology in Healthcare

Blockchain Technology in Healthcare Market by Function (Claims Adjudication & Billing Management, Clinical Data Exchange & Interoperability, Supply Chain Management), End-User (Healthcare Payers, Healthcare Providers, Pharmaceutical Companies) - Global Forecast 2024-2030

SKU
MRR-43676CF42182
Region
Global
Publication Date
February 2024
Delivery
Immediate
2023
USD 20.47 billion
2030
USD 212.01 billion
2024
USD 28.57 billion
CAGR
39.64%
360iResearch Analyst
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[184 Pages Report] The Blockchain Technology in Healthcare Market size was estimated at USD 20.47 billion in 2023 and expected to reach USD 28.57 billion in 2024, at a CAGR 39.64% to reach USD 212.01 billion by 2030.

Blockchain Technology in Healthcare Market
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Blockchain technology in healthcare involves the application of a decentralized, distributed ledger system to securely record, store, and share data across multiple stakeholders within the healthcare ecosystem. This technology enhances the integrity and confidentiality of health data by providing an immutable record of transactions, which ensures traceability and reduces the vulnerability to fraud and data breaches. Blockchain enables a new paradigm for health information exchanges by empowering real-time, transparent, and patient-centric data access, which may range from medical records and clinical trials to pharmaceutical supply chains and billing information. Blockchain technology significantly transforms the healthcare industry, primarily driven by its capacity to guarantee secure, immutable data management while reducing fraud and enhancing drug supply chain traceability. This innovative tech is responding to a critical demand for improved data interoperability and a shift toward patient-centric care models, fostering the expansion of blockchain-based healthcare applications. The adoption of blockchain holds promise for many advancements, including the secure sharing of medical records, the bolstering of clinical trial integrity, and the refinement of administrative workflows. However, the path to widespread blockchain integration in healthcare has challenges, such as intricate regulatory landscapes, a pressing need for technological standardization, and persistent data privacy concerns. Additionally, scalability roadblocks and a general lack of awareness and comprehension among healthcare practitioners continue to challenge the broad-scale implementation of blockchain solutions within the sector. Moreover, the potential for advancement in personalized medicine and the inception of novel, patient-oriented business frameworks is notable; these developments use blockchain's inherent transparency and trust-enhancing properties to their advantage.
Blockchain Technology in Healthcare Market - Global Forecast 2024-2030
To learn more about this report, request a free PDF copy
FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Blockchain Technology in Healthcare Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Blockchain Technology in Healthcare Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Blockchain Technology in Healthcare Market, highlighting leading vendors and their innovative profiles. These include Blockchain AI Solutions Ltd, BLOCKDAEMON, Blockpharma, Chronicled, EncrypGen, Guardtime, International Business Machines Corporation, iSolve, LLC, Medicalchain SA, Microsoft Corporation, Nebula Genomics, Patientory, PATIENTORY INC., PokitDok, Inc., and SoluLab.

Market Segmentation & Coverage

This research report categorizes the Blockchain Technology in Healthcare Market to forecast the revenues and analyze trends in each of the following sub-markets:

  • Function
    • Claims Adjudication & Billing Management
    • Clinical Data Exchange & Interoperability
    • Supply Chain Management
  • End-User
    • Healthcare Payers
    • Healthcare Providers
    • Pharmaceutical Companies

  • Region
    • Americas
      • Argentina
      • Brazil
      • Canada
      • Mexico
      • United States
        • California
        • Florida
        • Illinois
        • New York
        • Ohio
        • Pennsylvania
        • Texas
    • Asia-Pacific
      • Australia
      • China
      • India
      • Indonesia
      • Japan
      • Malaysia
      • Philippines
      • Singapore
      • South Korea
      • Taiwan
      • Thailand
      • Vietnam
    • Europe, Middle East & Africa
      • Denmark
      • Egypt
      • Finland
      • France
      • Germany
      • Israel
      • Italy
      • Netherlands
      • Nigeria
      • Norway
      • Poland
      • Qatar
      • Russia
      • Saudi Arabia
      • South Africa
      • Spain
      • Sweden
      • Switzerland
      • Turkey
      • United Arab Emirates
      • United Kingdom

The report offers valuable insights on the following aspects:

  1. Market Penetration: It presents comprehensive information on the market provided by key players.
  2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
  3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
  4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
  5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

  1. What is the market size and forecast of the Blockchain Technology in Healthcare Market?
  2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Blockchain Technology in Healthcare Market?
  3. What are the technology trends and regulatory frameworks in the Blockchain Technology in Healthcare Market?
  4. What is the market share of the leading vendors in the Blockchain Technology in Healthcare Market?
  5. Which modes and strategic moves are suitable for entering the Blockchain Technology in Healthcare Market?

Table of Contents
  1. Preface
  2. Research Methodology
  3. Executive Summary
  4. Market Overview
  5. Market Insights
  6. Blockchain Technology in Healthcare Market, by Function
  7. Blockchain Technology in Healthcare Market, by End-User
  8. Americas Blockchain Technology in Healthcare Market
  9. Asia-Pacific Blockchain Technology in Healthcare Market
  10. Europe, Middle East & Africa Blockchain Technology in Healthcare Market
  11. Competitive Landscape
  12. Competitive Portfolio
  13. List of Figures [Total: 20]
  14. List of Tables [Total: 196]
  15. List of Companies Mentioned [Total: 15]
Frequently Asked Questions
  1. How big is the Blockchain Technology in Healthcare Market?
    Ans. The Global Blockchain Technology in Healthcare Market size was estimated at USD 20.47 billion in 2023 and expected to reach USD 28.57 billion in 2024.
  2. What is the Blockchain Technology in Healthcare Market growth?
    Ans. The Global Blockchain Technology in Healthcare Market to grow USD 212.01 billion by 2030, at a CAGR of 39.64%
  3. When do I get the report?
    Ans. Most reports are fulfilled immediately. In some cases, it could take up to 2 business days.
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