Overview and Scope
Blockchain is an immutable shared ledger that records, maintain, secures data sharing and access between multiple parties.
Sizing and Forecast
The block chain in healthcare market size has grown exponentially in recent years. It will grow from $1.65 billion in 2024 to $2.27 billion in 2024 at a compound annual growth rate (CAGR) of 37.6%. The growth in the historic period can be attributed to interoperability challenges, fraud prevention, patient empowerment, clinical trials and research, immutable record keeping..
The block chain in healthcare market size is expected to see exponential growth in the next few years. It will grow to $7.97 billion in 2028 at a compound annual growth rate (CAGR) of 36.9%. The growth in the forecast period can be attributed to tokenization of healthcare assets, decentralized clinical trials, personalized medicine, cross-border healthcare transactions, consent management.. Major trends in the forecast period include personalized medicine advances, enhanced cybersecurity measures, rise of privacy-preserving technologies, integration with artificial intelligence, blockchain consortia in healthcare..
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Segmentation & Regional Insights
The block chain in healthcare market covered in this report is segmented –
1) By Type: Permission Blockchains, Permissionless Blockchains
2) 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
Top 5 Major Players:
- International Business Machines Corporation (IBM),
- Factom Inc.,
- Hashed Health LLC,
- Microsoft Corporation,
- iSolve Technologies Inc
North America was the largest region in the blockchain in healthcare market in 2024. The regions covered in the block chain in healthcare market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
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. Therefore, the growing adoption of blockchain as a service (BaaS) propels the growth of the blockchain in healthcare market.
Key Industry Players
Major companies operating in the block chain in healthcare market report are International Business Machines Corporation (IBM), Factom Inc., Hashed Health LLC, Microsoft Corporation, iSolve Technologies Inc., Blockpharma Inc., Medicalchain. com Ltd, Guardtime Limited, Government e Marketplace, Patientory Inc., FarmaTrust, SimplyVital Health Inc., Akiri Inc., BurstIQ Inc., Professional Credentials Exchange Inc., Avaneer Health Inc., RoboMed Innovations, Embleema Inc., Coral Health Inc., PokitDok Inc., Briya Inc., Open Health Network, Labrys Inc., Tech Alchemy Limited, Cubix Corporation, SoluLab Inc., EncrypGen Inc., Clinicoin Inc., BlockPill Inc., DNAtix Ltd.
The block chain in healthcare market report table of contents includes:
1. Executive Summary
2. Block Chain In Healthcare Market Characteristics
3. Block Chain In Healthcare Market Trends And Strategies
4. Block Chain In Healthcare Market – Macro Economic Scenario
5. Global Block Chain In Healthcare Market Size and Growth
……
31. Global Block Chain In Healthcare Market Competitive Benchmarking
32. Global Block Chain In Healthcare Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Block Chain In Healthcare Market
34. Block Chain In Healthcare Market Future Outlook and Potential Analysis
35. Appendix
List Of Tables:
Table 1: Global Historic Market Growth, 2018-2023, $ Billion
Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
Table 3: Global Block Chain In Healthcare Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global Block Chain In Healthcare Market, Segmentation By Deployment Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global Block Chain In Healthcare Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
……
Table 75: International Business Machines Corporation (IBM) Financial Performance
Table 76: Factom Inc. Financial Performance
Table 77: Hashed Health LLC Financial Performance
Table 78: Microsoft Corporation Financial Performance
Table 79: iSolve Technologies Inc Financial Performance
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