Latin America Blockchain in Healthcare Market 2019-2028

MARKET OUTLOOK

The blockchain in healthcare market in Latin America has been projected to depict growth in terms of revenue and expand with a CAGR of 48.07% during the forecast years 2019-2028, according to a report. Brazil, Mexico, and Rest of Latin America together constitute the market in this region.
Mexico’s healthcare sector represents a crucial for all types of products & services. The overall imports of medical devices and supplies reached $5.7 billion in 2019. Whereas, the imports of pharmaceuticals amounted to $4.6 billion in 2018. Blockchain is a promising technology, and acts as a unified solution for an efficient and secure pharmaceutical supply chain management in the country. The uniquely distributed network of the blockchain would facilitate complete end-to-end supply chain management for every product and company.

In 2017, close to 40% of the hospitals in the Latin American region had an electronic medical records (EMR) solution in place. Also, investments are being made for the further development of the same. For instance, Brazil made a multi-million dollar investment in 2016 for unifying all the government’s EMRs into a single system. Several other countries in Latin America boast of a high EMR penetration rate.

The healthcare industry faces the challenge of keeping key medical data with stakeholders while simultaneously protecting patient privacy and maintaining data integrity. The data contained in an EMR and shared on a distributed blockchain ledger is kept updated and secured, ready for use by anyone with permission to access it. A blockchain-based electronic medical records solution also reduces the time needed to access patient data while enhancing interoperability and improving data quality. A growth in EMR penetration thus aids the growth of the blockchain in healthcare market.

COMPETITIVE OUTLOOK

The dominant companies in this market are PokitDok Inc, Factom, Chronicled, International Business Machines Corporation, Medicalchain SA, Change Healthcare, and Healthereum LLC.

1. Latin America Blockchain in Healthcare Market - Summary

2. Industry Outlook

2.1. Market Definition
2.2. Key Insights
2.2.1. Blockchain Adoption to Fight Covid-19 Pandemic Crisis
2.2.2. Blockchain Solving Patient Matching Problems
2.2.3. Cost Efficiency Achieved by Blockchain
2.2.4. Reduction of Medical Error Using Blockchain Technology
2.2.5. Identity and Authentication is Fastest-Growing Segment by Application
2.3. Evolution & Transition of Blockchain Technology
2.4. Porter's Five Force Analysis
2.4.1. Threat of New Entrants
2.4.2. Threat of Substitute
2.4.3. Bargaining Power of Suppliers
2.4.4. Bargaining Power of Buyers
2.4.5. Threat of Competitive Rivalry
2.5. Key Impact Analysis
2.5.1. Security
2.5.2. Cost
2.5.3. Trade-Offs
2.5.4. Regulatory Approval
2.6. Market Attractiveness Index
2.7. Vendor Scorecard
2.8. Top 5 Startups
2.8.1. Blockpharma
2.8.2. Iryo
2.8.3. Encrypgen
2.8.4. Dentacoin
2.9. Industry Components
2.10. Market Drivers
2.10.1. Cost Savings & Security Achieved by Blockchain Helps in Its Adoption
2.10.2. Development of Consortiums
2.10.3. Government Partnerships
2.11. Market Restraints
2.11.1. Dearth of Skilled Professionals
2.11.2. Lack of Common Standards
2.11.3. Trade-Off Between Cost and Security
2.12. Market Opportunities
2.12.1. Identity and Authentication Segment Provides Opportunity to Market Players
2.12.2. Demand for Smart Contracts
2.13. Market Challenges
2.13.1. Low Awareness Among the Public
2.13.2. Need for More Storage Capability

3. Latin America Blockchain in Healthcare Market Outlook – by Application

3.1. Healthcare Data Exchange
3.2. Pharmaceuticals Supply Chain
3.3. Health Insurance
3.4. Drug Discovery
3.5. Identity & Authentication
3.6. Other Application

4. Latin America Blockchain in Healthcare Market Outlook - by Organisation Size

4.1. Large Enterprises
4.2. Small & Medium-Sized Enterprises

5. Latin America Blockchain in Healthcare Market Outlook - by Blockchain Type

5.1. Public
5.2. Private
5.3. Hybrid

6. Latin America Blockchain in Healthcare Market – Regional Outlook

6.1. Brazil
6.2. Mexico
6.3. Rest of Latin America

7. Competitive Landscape

7.1. Change Healthcare
7.2. Chronicled
7.3. Factom
7.4. Blockchain AI Solutions Ltd (Trading as Farmatrust)
7.5. Hashed Health
7.6. Healthereum LLC
7.7. International Business Machines Corporation
7.8. Isolve Technologies
7.9. Microsoft
7.10. Medicalchain Sa
7.11. Patientory
7.12. Pokitdok Inc
7.13. Proof.Works
7.14. Skycell AG

8. Methodology & Scope

8.1. Research Scope
8.2. Sources of Data
8.3. Research Methodology

List of Tables

Table 1: Latin America Blockchain in Healthcare Market, by Country, 2019-2028 (In $ Million)
Table 2: Market Attractiveness Index
Table 3: Vendor Scorecard
Table 4: Latin America Blockchain in Healthcare Market, by Application, 2019-2028 (In $ Million)
Table 5: Latin America Blockchain in Healthcare Market, by Organisation Size, 2019-2028 (In $ Million)
Table 6: Latin America Blockchain in Healthcare Market, by Blockchain Type, 2019-2028 (In $ Million)
Table 7: Latin America Blockchain in Healthcare Market, by Country, 2019-2028 (In $ Million)

List of Figures

Figure 1: Foundation Elements of Blockchain
Figure 2: Porter's Five Force Analysis
Figure 3: Key Buying Impact Analysis
Figure 4: Industry Components
Figure 5: Healthcare Ecosystem.
Figure 6: Healthcare Blockchain: Smart Contracts
Figure 7: Latin America Blockchain in Healthcare Market, by Healthcare Data Exchange, 2019-2028 (In $ Million)
Figure 8: Latin America Blockchain in Healthcare Market, by Pharmaceuticals Supply Chain, 2019-2028 (In $ Million)
Figure 9: Latin America Blockchain in Healthcare Market, by Health Insurance, 2019-2028 (In $ Million)
Figure 10: Latin America Blockchain in Healthcare Market, by Drug Discovery, 2019-2028 (In $ Million)
Figure 11: Latin America Blockchain in Healthcare Market, by Identity & Authentication, 2019-2028 (In $ Million)
Figure 12: Latin America Blockchain in Healthcare Market, by Other Application, 2019-2028 (In $ Million)
Figure 13: Latin America Blockchain in Healthcare Market, by Large Enterprises, 2019-2028 (In $ Million)
Figure 14: Latin America Blockchain in Healthcare Market, by Small & Medium-Sized Enterprises, 2019-2028 (In $ Million)
Figure 15: Latin America Blockchain in Healthcare Market, by Public, 2019-2028 (In $ Million)
Figure 16: Latin America Blockchain in Healthcare Market, by Private, 2019-2028 (In $ Million)
Figure 17: Latin America Blockchain in Healthcare Market, by Hybrid, 2019-2028 (In $ Million)
Figure 18: Latin America Blockchain in Healthcare Market, Regional Outlook, 2019 & 2028 (In %)
Figure 19: Brazil Blockchain in Healthcare Market, 2019-2028 (In $ Million)
Figure 20: Mexico Blockchain in Healthcare Market, 2019-2028 (In $ Million)
Figure 21: Rest of Latin America Blockchain in Healthcare Market, 2019-2028 (In $ Million)