Blockchain Technology in Healthcare Market Research Report.
The blockchain in healthcare technology is growing in leaps and bounds paving the way for the innovative applications that can transform the delivery of healthcare services globally. The revolutionary effort achieved in data management and exchange by the application of blockchain in healthcare is among the foremost factors that are driving the market for blockchain technology in healthcare. The appositeness of blockchain in healthcare is reinforced due to the pressing need felt by healthcare personnel to consolidate information in a single and secure source, as vital information required for determining treatment options is dispersed about multiple systems and occasionally, and may not be at hand when required urgently.
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The use of blockchain in healthcare is also increasingly favored because of its capability to keep sensitive patient data secure easily accessible. The use of blockchain in the healthcare sector is motivated by its ability to ensure accountability of all the users on the network. Since, the exploitation of blockchain technology can link fragmented systems and create insights to evaluate the value of care better, the market share of blockchain in healthcare is mounting. In the long term, a countrywide blockchain network for electronic medical records may boost proficiencies and provide better health outcomes for patients.
The use of blockchain in healthcare is projected to gain impetus as healthcare service chains become more varied and spread out geographically. Patient health management is also found to be helped by the use of this technology. Moreover, one of the prime concerns in healthcare which is mobility is also better addressed. The requirement for quality but cost-effective care is expected to reinforce market growth effectively in the coming years. Furthermore, the improvement in interoperability that is brought about by the implementation of blockchain is predicted to inspire market expansion in the the impending years.
Blockchain Technology in Healthcare Market Competitive Analysis
The competitors present in the blockchain technology in the healthcare market are Factom, Microsoft, IBM, Medicalchain, Gem, iSolve, Patientory, Chronicled, FarmaTrust, Guardtime, Blockpharma, and PokitDok.
The blockchain technology in healthcare market is segmented so as to get a better sense of the developments taking place in it. The segmentation of the market is broadly carried out on the basis of application, end-user and region. The application basis of segmentation of the market comprises of billing management, supply chain management among others. The application segment is set to grow at a rapid pace due to the development of blockchain technology in the upcoming years. The end user basis of market segmentation comprises of healthcare companies/ providers, pharmaceutical industries among others. The regional analysis of the blockchain technology in the healthcare market covers regions such as Asia Pacific, Europe, North America and Rest of the World.
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The regional analysis of the blockchain in healthcare technology market consists of regions such as North America, Europe, Asia Pacific and Rest of the World. The North America region is expected to provide suitable opportunities for growth in the market due to the prevalence of the prominent contenders in the blockchain market in this region. Also, the adoption rates of the blockchain technology in the healthcare sector in North America are expected to be high because of the developed economies in the region. The European region is also anticipated to develop at a good pace due to the advances being made in the region in terms of blockchain technologies. The Asia Pacific region is expected to benefit tremendously from the integration of blockchain technology in the healthcare sector, as the number of healthcare facilities in the region will rise tremendously along with the number of patients seeking medical care in this region.
Table of Contents:
Chapter 1. Report Prologue
Chapter 2. Market Introduction
2.2 Scope of the Study
2.2.1 Research Objective
Chapter 3. Research Methodology
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
Chapter 4. Market Dynamics
4.5 Macroeconomic Indicators
4.6 Technology Trends & Assessment
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