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Global Blockchain Technology in Healthcare Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2018 To 2026

  • ID: 4760544
  • Report
  • February 2019
  • Region: Global
  • Acute Market Reports

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FEATURED COMPANIES

  • Chronicled (MediLedger)
  • FarmaTrust
  • Guardtime
  • IBM Corporation
  • Medicalchain
  • Nebula Genomics
  • MORE
The global blockchain technology in the healthcare market was valued at US$ 35.4 Mn in 2017 and expected to reach US$ 3,250.2 Mn by 2026, expanding at a CAGR of 64.4% from 2018 to 2026.

Market Insights
Increasing business demand the need to bring transformative change in all business aspects across industries. When concerned with healthcare, the urgency to bring revolutionary change in the system becomes urgent. The quality of healthcare services that are backed with the latest technology is the current global need. The overall landscape of the healthcare system is rapidly moving towards a more value-based and patient-centric approach focusing on appropriate healthcare service and affordable treatments. In the healthcare industry, critical patient information remains unevenly distributed and scattered across different health departments. Due to this, several sets of important data is not accessible in times of need. The existing healthcare system cannot be deemed to be a complete ecosystem as several stakeholders do not have well-defined information recording and storage systems and management. Exchange of information across entities and departments has also turned out to be a significant challenge. Moreover, misuse of the available data is also preventing the healthcare system from providing optimum patient care.

Several healthcare systems are still using outdated recording and transmission systems. Such systems mostly rely on a local and centralized recording, making it difficult for remote access to patient information, resulting in a delay in treatment decisions. This also leads to a considerable increase in healthcare costs. Another tedious process leading to high costs to healthcare is the exchange of healthcare information. Patients do not have control of their information and data, therefore are highly prone to identity theft, financial crimes, and spams.

Use of blockchain has the power to bring disruptive changes in the healthcare system. With this technology, patient identity can be specifically safeguarded and thus will bring power back to the patients. Blockchain technology also enables successful improvement in the quality of patient care while monitoring fund supply. This technology has the ability to enable seamless and secure data transport across several verticals of the healthcare system. Blockchain will, therefore, enable smooth data sharing between healthcare providers, leading to accurate disease diagnosis and improvement in treatment decision making, therefore delivering optimum treatment outcomes. This will also result in seamless and convenient claim settlements for payers. In the pharmaceutical industry, the deployment of blockchain in transport of clinical trial data and research evidence can improve the rate of commercialization of breakthrough drugs. While adoption of blockchain technology also has the potential to tackle the growing threat of counterfeit drugs. At present, blockchain technologies have found established application in population health data management, establishing secure healthcare systems, enabling appropriate patient payments, tracing drug consignment movements, management and securing clinical and patient data. The potential of blockchain technology for healthcare significantly depends on the acceptance of this technology in the healthcare system for creating decentralized and technology-based infrastructure. Blockchain technology has taken the healthcare industry by storm over the past couple of years and several solutions are under the pipeline. With several potential possibilities and used of the blockchain, this technology is anticipated to transform the face of healthcare infrastructure.

Key Market Movements
  • Significantly growing adoption of electronic healthcare records
  • Increased gravity of decentralization of healthcare information
  • Growing concern over patient information privacy and safety of clinical data and research evidence
  • Increasing the risk of counterfeit drugs to augment the demand for blockchain technology in drugs supply chain and manufacturing
  • Increasing incidence of a medical data breach to further support the rapid adoption of blockchain technology
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Chronicled (MediLedger)
  • FarmaTrust
  • Guardtime
  • IBM Corporation
  • Medicalchain
  • Nebula Genomics
  • MORE
Chapter 1. Preface
1.1. Report Description
1.1.1. Study Purpose
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.3.4. Assumptions
1.4. Market Segmentation

Chapter 2. Executive Summary
2.1. Global Blockchain Technology in Healthcare Market Portraiture
2.2. Global Blockchain Technology in Healthcare Market, by Application, 2017 (US$ Mn)
2.3. Global Blockchain Technology in Healthcare Market, by End-user, 2017 (US$ Mn)
2.4. Global Blockchain Technology in Healthcare Market, by Geography, 2017 (US$ Mn)

Chapter 3. Global Blockchain Technology in Healthcare Market: Dynamics and Future Outlook
3.1. Overview
3.2. Drivers
3.3. Challenges
3.4. Opportunities
3.5. Attractive Investment Proposition, by Geography, 2017
3.6. Competitive Analysis: Global Blockchain Technology in Healthcare Market, by Key Players, 2017

Chapter 4. Global Blockchain Technology in Healthcare Market, by Application, 2016 - 2026 (US$ Mn)
4.1. Overview
4.2. Data Exchange and Interoperability
4.3. Supply Chain Management
4.4. Claims Adjudication and Billing Management
4.5. Others

Chapter 5. Global Blockchain Technology in Healthcare Market, by End-user, 2016 - 2026 (US$ Mn)
5.1. Overview
5.2. Pharmaceutical Companies
5.3. Healthcare Payers
5.4. Healthcare Providers
5.5. Research and Academia
5.6. Others

Chapter 6. Global Blockchain Technology in Healthcare Market, by Geography, 2016 – 2026 (US$ Mn)
6.1. Overview
6.2. North America Blockchain Technology in Healthcare Market, 2016 - 2026 (US$ Mn)
6.2.1. North America Blockchain Technology in Healthcare Market, by Application, 2016 - 2026 (US$ Mn)
6.2.2. North America Blockchain Technology in Healthcare Market, by End-user, 2016 - 2026 (US$ Mn)
6.2.3. North America Blockchain Technology in Healthcare Market, by Country, 2016 – 2026 (US$ Mn)
6.2.3.1. U.S.
6.2.3.2. Canada
6.3. Europe Blockchain Technology in Healthcare Market, 2016 – 2026 (US$ Mn)
6.3.1. Europe Blockchain Technology in Healthcare Market, by Application, 2016 - 2026 (US$ Mn)
6.3.2. Europe Blockchain Technology in Healthcare Market, by End-user, 2016 - 2026 (US$ Mn)
6.3.3. Europe Blockchain Technology in Healthcare Market, by Country/Region, 2016 – 2026 (US$ Mn)
6.3.3.1. U.K.
6.3.3.2. Germany
6.3.3.3. Rest of Europe
6.4. Asia Pacific Blockchain Technology in Healthcare Market, 2016 – 2026 (US$ Mn)
6.4.1. Asia Pacific Blockchain Technology in Healthcare Market, by Application, 2016 - 2026 (US$ Mn)
6.4.2. Asia Pacific Blockchain Technology in Healthcare Market, by End-user, 2016 - 2026 (US$ Mn)
6.4.3. Asia Pacific Blockchain Technology in Healthcare Market, by Country/Region, 2016 – 2026 (US$ Mn)
6.4.3.1. China
6.4.3.2. Japan
6.4.3.3. Rest of Asia Pacific
6.5. Latin America Blockchain Technology in Healthcare Market, 2016 – 2026 (US$ Mn)
6.5.1. Latin America Blockchain Technology in Healthcare Market, by Application, 2016 - 2026 (US$ Mn)
6.5.2. Latin America Blockchain Technology in Healthcare Market, by End-user, 2016 - 2026 (US$ Mn)
6.5.3. Latin America Blockchain Technology in Healthcare Market, by Country/Region, 2016 – 2026 (US$ Mn)
6.5.3.1. Brazil
6.5.3.2. Mexico
6.5.3.3. Rest of Latin America
6.6. Middle East & Africa Blockchain Technology in Healthcare Market, 2016 – 2026 (US$ Mn)
6.6.1. Middle East & Africa Blockchain Technology in Healthcare Market, by Application, 2016 - 2026 (US$ Mn)
6.6.2. Middle East & Africa Blockchain Technology in Healthcare Market, by End-user, 2016 - 2026 (US$ Mn)
6.6.3. Middle East & Africa Blockchain Technology in Healthcare Market, by Region, 2016 – 2026 (US$ Mn)
6.6.3.1. GCC
6.6.3.2. Rest of Middle East & Africa

Chapter 7. Company Profiles
7.1. IBM Corporation
7.1.1. Business Description
7.1.2. Financial Information (Subject to Data Availability)
7.1.3. Product Portfolio
7.1.4. Key Developments
7.2. Guardtime
7.3. Microsoft Corporation
7.4. Proof.Works
7.5. PokitDok, Inc.
7.6. SimplyVital Health Inc.
7.7. Gem OS
7.8. iSolve, LLC
7.9. Patientory, Inc.
7.10. FarmaTrust
7.11. EncrypGen
7.12. Medicalchain
7.13. Nebula Genomics
7.14. Hashed Health
7.15. Chronicled (MediLedger)

List of Figures
Figure 1. Blockchain Technology in Healthcare Market: Research Methodology
Figure 2. Market Size Estimation – Top Down & Bottom up Approach
Figure 3. Blockchain Technology in Healthcare: Market Segmentation
Figure 4. Global Blockchain Technology in Healthcare Market, by Application, 2017 (US$ Mn)
Figure 5. Global Blockchain Technology in Healthcare Market, by End-user, 2017 (US$ Mn)
Figure 6. Global Blockchain Technology in Healthcare Market, by Geography, 2017 (US$ Mn)
Figure 7. Attractive Investment Proposition, by Geography, 2017
Figure 8. Competitive Analysis: Global Blockchain Technology in Healthcare Market, by Key Players, 2017
Figure 9. Global Blockchain Technology in Healthcare Market in Data Exchange and Interoperability, 2016 - 2026 (US$ Mn)
Figure 10. Global Blockchain Technology in Healthcare Market in Supply Chain Management, 2016 - 2026 (US$ Mn)
Figure 11. Global Blockchain Technology in Healthcare Market in Claims Adjudication and Billing Management, 2016 - 2026 (US$ Mn)
Figure 12. Global Blockchain Technology in Healthcare Market in Other Applications, 2016 - 2026 (US$ Mn)
Figure 13. Global Blockchain Technology in Healthcare Market for Pharmaceutical Companies, 2016 - 2026 (US$ Mn)
Figure 14. Global Blockchain Technology in Healthcare Market for Healthcare Payers, 2016 - 2026 (US$ Mn)
Figure 15. Global Blockchain Technology in Healthcare Market for Healthcare Providers, 2016 - 2026 (US$ Mn)
Figure 16. Global Blockchain Technology in Healthcare Market for Research and Academia, 2016 - 2026 (US$ Mn)
Figure 17. Global Blockchain Technology in Healthcare Market for Other Users, 2016 - 2026 (US$ Mn)
Figure 18. U.S. Blockchain Technology in Healthcare Market, 2016 - 2026 (US$ Mn)
Figure 19. Canada Blockchain Technology in Healthcare Market, 2016 - 2026 (US$ Mn)
Figure 20. U.K. Blockchain Technology in Healthcare Market, 2016 - 2026 (US$ Mn)
Figure 21. Germany Blockchain Technology in Healthcare Market, 2016 - 2026 (US$ Mn)
Figure 22. Rest of Europe Blockchain Technology in Healthcare Market, 2016 - 2026 (US$ Mn)
Figure 23. China Blockchain Technology in Healthcare Market, 2016 - 2026 (US$ Mn)
Figure 24. Japan Blockchain Technology in Healthcare Market, 2016 - 2026 (US$ Mn)
Figure 25. India Blockchain Technology in Healthcare Market, 2016 - 2026 (US$ Mn)
Figure 26. Rest of Asia Pacific Blockchain Technology in Healthcare Market, 2016 - 2026 (US$ Mn)
Figure 27. Brazil Blockchain Technology in Healthcare Market, 2016 - 2026 (US$ Mn)
Figure 28. Mexico Blockchain Technology in Healthcare Market, 2016 - 2026 (US$ Mn)
Figure 29. Rest of Latin America Blockchain Technology in Healthcare Market, 2016 - 2026 (US$ Mn)
Figure 30. GCC Blockchain Technology in Healthcare Market, 2016 - 2026 (US$ Mn)
Figure 31. Rest of Middle East and Africa Blockchain Technology in Healthcare Market, 2016 - 2026 (US$ Mn)

List of Tables
Table 1 Global Blockchain Technology in Healthcare Market Portraiture
Table 2 Global Blockchain Technology in Healthcare Market, by Application, 2016 – 2026 (US$ Mn)
Table 3 Global Blockchain Technology in Healthcare Market, by End-user, 2016 – 2026 (US$ Mn)
Table 4 Global Blockchain Technology in Healthcare Market, by Geography, 2016 – 2026 (US$ Mn)
Table 5 North America Blockchain Technology in Healthcare Market, by Application, 2016 – 2026 (US$ Mn)
Table 6 North America Blockchain Technology in Healthcare Market, by End-user, 2016 – 2026 (US$ Mn)
Table 7 North America Blockchain Technology in Healthcare Market, by Country, 2016 – 2026 (US$ Mn)
Table 8 Europe Blockchain Technology in Healthcare Market, by Application, 2016 – 2026 (US$ Mn)
Table 9 Europe Blockchain Technology in Healthcare Market, by End-user, 2016 – 2026 (US$ Mn)
Table 10 Europe Blockchain Technology in Healthcare Market, by Country/Region, 2016 – 2026 (US$ Mn)
Table 11 Asia Pacific Blockchain Technology in Healthcare Market, by Application, 2016 – 2026 (US$ Mn)
Table 12 Asia Pacific Blockchain Technology in Healthcare Market, by End-user, 2016 – 2026 (US$ Mn)
Table 13 Asia Pacific Blockchain Technology in Healthcare Market, by Country/Region, 2016 – 2026 (US$ Mn)
Table 14 Latin America Blockchain Technology in Healthcare Market, by Application, 2016 – 2026 (US$ Mn)
Table 15 Latin America Blockchain Technology in Healthcare Market, by End-user, 2016 – 2026 (US$ Mn)
Table 16 Latin America Blockchain Technology in Healthcare Market, by Country/Region, 2016 – 2026 (US$ Mn)
Table 17 Middle East and Africa Blockchain Technology in Healthcare Market, by Application, 2016 – 2026 (US$ Mn)
Table 18 Middle East and Africa Blockchain Technology in Healthcare Market, by End-user, 2016 – 2026 (US$ Mn)
Table 19 Middle East and Africa Blockchain Technology in Healthcare Market, by Region, 2016 – 2026 (US$ Mn)
Table 20 IBM Corporation: Company Snapshot (Business Description; Financial Information; Product Portfolio; Key Developments)
Table 21 Guardtime: Company Snapshot (Business Description; Financial Information; Product Portfolio; Key Developments)
Table 22 Microsoft Corporation: Company Snapshot (Business Description; Financial Information; Product Portfolio; Key Developments)
Table 23 Proof.Works: Company Snapshot (Business Description; Financial Information; Product Portfolio; Key Developments)
Table 24 PokitDok, Inc.: Company Snapshot (Business Description; Financial Information; Product Portfolio; Key Developments)
Table 25 SimplyVital Health Inc.: Company Snapshot (Business Description; Financial Information; Product Portfolio; Key Developments)
Table 26 Gem OS: Company Snapshot (Business Description; Financial Information; Product Portfolio; Key Developments)
Table 27 iSolve, LLC: Company Snapshot (Business Description; Financial Information; Product Portfolio; Key Developments)
Table 28 Patientory, Inc.: Company Snapshot (Business Description; Financial Information; Product Portfolio; Key Developments)
Table 29 FarmaTrust: Company Snapshot (Business Description; Financial Information; Product Portfolio; Key Developments)
Table 30 EncrypGen: Company Snapshot (Business Description; Financial Information; Product Portfolio; Key Developments)
Table 31 Medicalchain: Company Snapshot (Business Description; Financial Information; Product Portfolio; Key Developments)
Table 32 Nebula Genomics: Company Snapshot (Business Description; Financial Information; Product Portfolio; Key Developments)
Table 33 Hashed Health: Company Snapshot (Business Description; Financial Information; Product Portfolio; Key Developments)
Table 34 Chronicled (MediLedger): Company Snapshot (Business Description; Financial Information; Product Portfolio; Key Developments)
Note: Product cover images may vary from those shown
  • IBM Corporation
  • Guardtime
  • Microsoft Corporation
  • Proof.Works
  • PokitDok, Inc.
  • SimplyVital Health Inc.
  • Gem OS
  • iSolve, LLC
  • Patientory, Inc.
  • FarmaTrust
  • EncrypGen
  • Medicalchain
  • Nebula Genomics
  • Hashed Health
  • Chronicled (MediLedger)
Note: Product cover images may vary from those shown
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