Major players in the blockchain in healthcare market are IBM Corporation, Factom, Hashed Health LLC, Microsoft Corporation, iSolve, Blockpharma, MedicalChain, Guardtime Limited, Gem, Patientory, FarmaTrust, SimplyVital Health Inc., Akiri, BurstIQ, Professional Credentials Exchange Inc., Avaneer, RoboMed, and Embleema Inc.
The global blockchain in healthcare market is expected to grow from $0.93 billion in 2021 to $1.23 billion in 2022 at a compound annual growth rate (CAGR) of 31.6%. The blockchain in the healthcare market is expected to grow to $4.46 billion in 2026 at a CAGR of 38.1%.
The blockchain in healthcare market consists of sales of blockchain technology and services by entities (organizations, sole traders, and partnerships) that provides blockchain technology for use in the healthcare industry. Blockchain technology also known as distributed ledger technology (DLT) is a rapidly evolving field that has the potential to transform healthcare by increasing the security, privacy, health information exchanges, and interoperability of health data.
The main types of blockchain in healthcare are permission blockchains and permissionless blockchains. Permissioned blockchains also called private blockchains that require prior approval before use and can be accessed by people who are allowed to access. These offer high customizability, access controls, better Scalability, depend on governance, and more efficient performance. The different deployment types include on-premise, and cloud-based, and are used in supply chain management, clinical data exchange and interoperability, claims adjudication and billing management, and others. The end-users of blockchain in healthcare include healthcare providers, pharmaceutical companies, healthcare payers, and others.
North America was the largest region in the blockchain in healthcare market in 2020. The regions covered in blockchain in healthcare market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
The growing adoption of blockchain as a service (BaaS) is expected to drive the growth of the blockchain in healthcare market going forward. Blockchain technology can provide innovative solutions to the challenges faced by the healthcare industry which include supply chain management, smart contracts, the confidentiality of personal health information, technical issues in data management, enabling alternative payment models, and virus outbreak tracking. For instance, in March 2021, Moderna, a drugs manufacturing company, and IBM announced the collaboration to improve and strengthen COVID-19 vaccination management. Moderna can get information on real-time tracking of vaccination using IBM’s blockchain and artificial intelligence to reduce supply chain disruptions. Also, in March 2019, Embleema, a healthcare blockchain network provider announced a partnership with Gustave Roussy Institute to apply blockchain technology to integrate, store health data, and data sharing applications for oncology clinical research in Gustave Roussy Institute. Therefore, the growing adoption of blockchain as a service (BaaS) propels the growth of the blockchain in healthcare market.
The advancements in technology are significantly shaping the blockchain in healthcare market. As there is a growing demand for blockchain technology, the key players operating in blockchain in the healthcare market are focusing on developing advanced technological solutions for the healthcare industry to strengthen their position in the market. For instance, in May 2020, Solve. Care, a healthcare blockchain technology company based in Ukraine launched a decentralized care network called Global Telehealth Exchange (GTHE) using blockchain and digital currency. All patient records and transactions will be securely stored on the blockchain of GTHE and can be accessed by Solve. care. Also, in May 2021, Nebula Genomics, a US-based privacy-focused personal genomics service company launched the world’s first genomic NFT - blockchain. The NFT is a unique and irreplaceable representation of a digital or physical object and the human genome which provides an exciting opportunity for an NFT.
In November 2020, Signify Health, a US-based home health care services company acquired PatientBlox for an undisclosed. This acquisition will assist Signify Health in integrating blockchain technology into its payment methods for potential episodes of care and the move to value-based care. PatientBlox is a US-based company that provides distributed ledger technology in healthcare.
The countries covered in the block chain in healthcare market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
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The global blockchain in healthcare market is expected to grow from $0.93 billion in 2021 to $1.23 billion in 2022 at a compound annual growth rate (CAGR) of 31.6%. The blockchain in the healthcare market is expected to grow to $4.46 billion in 2026 at a CAGR of 38.1%.
The blockchain in healthcare market consists of sales of blockchain technology and services by entities (organizations, sole traders, and partnerships) that provides blockchain technology for use in the healthcare industry. Blockchain technology also known as distributed ledger technology (DLT) is a rapidly evolving field that has the potential to transform healthcare by increasing the security, privacy, health information exchanges, and interoperability of health data.
The main types of blockchain in healthcare are permission blockchains and permissionless blockchains. Permissioned blockchains also called private blockchains that require prior approval before use and can be accessed by people who are allowed to access. These offer high customizability, access controls, better Scalability, depend on governance, and more efficient performance. The different deployment types include on-premise, and cloud-based, and are used in supply chain management, clinical data exchange and interoperability, claims adjudication and billing management, and others. The end-users of blockchain in healthcare include healthcare providers, pharmaceutical companies, healthcare payers, and others.
North America was the largest region in the blockchain in healthcare market in 2020. The regions covered in blockchain in healthcare market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
The growing adoption of blockchain as a service (BaaS) is expected to drive the growth of the blockchain in healthcare market going forward. Blockchain technology can provide innovative solutions to the challenges faced by the healthcare industry which include supply chain management, smart contracts, the confidentiality of personal health information, technical issues in data management, enabling alternative payment models, and virus outbreak tracking. For instance, in March 2021, Moderna, a drugs manufacturing company, and IBM announced the collaboration to improve and strengthen COVID-19 vaccination management. Moderna can get information on real-time tracking of vaccination using IBM’s blockchain and artificial intelligence to reduce supply chain disruptions. Also, in March 2019, Embleema, a healthcare blockchain network provider announced a partnership with Gustave Roussy Institute to apply blockchain technology to integrate, store health data, and data sharing applications for oncology clinical research in Gustave Roussy Institute. Therefore, the growing adoption of blockchain as a service (BaaS) propels the growth of the blockchain in healthcare market.
The advancements in technology are significantly shaping the blockchain in healthcare market. As there is a growing demand for blockchain technology, the key players operating in blockchain in the healthcare market are focusing on developing advanced technological solutions for the healthcare industry to strengthen their position in the market. For instance, in May 2020, Solve. Care, a healthcare blockchain technology company based in Ukraine launched a decentralized care network called Global Telehealth Exchange (GTHE) using blockchain and digital currency. All patient records and transactions will be securely stored on the blockchain of GTHE and can be accessed by Solve. care. Also, in May 2021, Nebula Genomics, a US-based privacy-focused personal genomics service company launched the world’s first genomic NFT - blockchain. The NFT is a unique and irreplaceable representation of a digital or physical object and the human genome which provides an exciting opportunity for an NFT.
In November 2020, Signify Health, a US-based home health care services company acquired PatientBlox for an undisclosed. This acquisition will assist Signify Health in integrating blockchain technology into its payment methods for potential episodes of care and the move to value-based care. PatientBlox is a US-based company that provides distributed ledger technology in healthcare.
The countries covered in the block chain in healthcare market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
This product will be delivered within 1-3 business days.
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Report Attribute | Details |
---|---|
No. of Pages | 175 |
Published | June 2022 |
Forecast Period | 2022 - 2026 |
Estimated Market Value ( USD | $ 1.23 billion |
Forecasted Market Value ( USD | $ 4.46 billion |
Compound Annual Growth Rate | 38.0% |
Regions Covered | Global |
Table of Contents
1. Executive Summary2. Block Chain In Healthcare Market Characteristics3. Block Chain In Healthcare Market Trends And Strategies4. Impact Of COVID-19 On Block Chain In Healthcare28. Key Mergers And Acquisitions In The Block Chain In Healthcare Market29. Block Chain In Healthcare Market Future Outlook and Potential Analysis
5. Block Chain In Healthcare Market Size And Growth
6. Block Chain In Healthcare Market Segmentation
7. Block Chain In Healthcare Market Regional And Country Analysis
8. Asia-Pacific Block Chain In Healthcare Market
9. China Block Chain In Healthcare Market
10. India Block Chain In Healthcare Market
11. Japan Block Chain In Healthcare Market
12. Australia Block Chain In Healthcare Market
13. Indonesia Block Chain In Healthcare Market
14. South Korea Block Chain In Healthcare Market
15. Western Europe Block Chain In Healthcare Market
16. UK Block Chain In Healthcare Market
17. Germany Block Chain In Healthcare Market
18. France Block Chain In Healthcare Market
19. Eastern Europe Block Chain In Healthcare Market
20. Russia Block Chain In Healthcare Market
21. North America Block Chain In Healthcare Market
22. USA Block Chain In Healthcare Market
23. South America Block Chain In Healthcare Market
24. Brazil Block Chain In Healthcare Market
25. Middle East Block Chain In Healthcare Market
26. Africa Block Chain In Healthcare Market
27. Block Chain In Healthcare Market Competitive Landscape And Company Profiles
30. Appendix
Executive Summary
Block Chain In Healthcare Global Market Report 2022: COVID-19 Implications And Growth provides the strategists, marketers and senior management with the critical information they need to assess the global block chain in healthcare market.This report focuses on block chain in healthcare market which is experiencing strong growth. The report gives a guide to the block chain in healthcare market which will be shaping and changing our lives over the next ten years and beyond, including the markets response to the challenge of the global pandemic.
Reasons to Purchase
- Gain a truly global perspective with the most comprehensive report available on this market covering 12+ geographies.
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- Outperform competitors using forecast data and the drivers and trends shaping the market.
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- Benchmark performance against key competitors.
- Utilize the relationships between key data sets for superior strategizing.
- Suitable for supporting your internal and external presentations with reliable high quality data and analysis
Description:
Where is the largest and fastest growing market for the block chain in healthcare? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The Block Chain In Healthcare market global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider block chain in healthcare market, and compares it with other markets.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, the influence of the COVID-19 virus and forecasting its growth.
- Market segmentations break down market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- Competitive landscape gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
- The block chain in healthcare market section of the report gives context. It compares the block chain in healthcare market with other segments of the block chain in healthcare market by size and growth, historic and forecast. It analyses GDP proportion, expenditure per capita, block chain in healthcare indicators comparison.
Scope
Markets Covered:
1) By Type: Permission Blockchains; Permissionless Blockchains2) By Deployment Type: On-Premise; Cloud-Based
3) By Application: Supply Chain Management; Clinical Data Exchange And Interoperability; Claims Adjudication And Billing Management; Other Applications
4) By End User: Healthcare Providers; Pharmaceutical Companies; Healthcare Payers; Other End-Users
Companies Mentioned: IBM Corporation; Factom; Hashed Health LLC; Microsoft Corporation; iSolve
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes
Companies Mentioned
A selection of companies mentioned in this report includes:
- IBM Corporation
- Factom
- Hashed Health LLC
- Microsoft Corporation
- iSolve
- Blockpharma
- MedicalChain
- Guardtime Limited
- Gem
- Patientory
- FarmaTrust
- SimplyVital Health Inc.
- Akiri
- BurstIQ
- Professional Credentials Exchange Inc.
- Avaneer
- RoboMed
- Embleema Inc.
Methodology
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