Global blockchain in healthcare market
is expected to grow at a double-digit CAGR during 2019-2024, on account of increasing
instances of data breaches and surging adoption of blockchain technology in
healthcare and pharma industries. Blockchain is an open and distributed ledger
that can record transactions in an efficient, verifiable and permanent way. With
increasing proliferation of digital technologies, cases of data breaches in
healthcare industry are also increasing at a significant pace, thus aiding the
global blockchain in healthcare market. Moreover, number of patients is
increasing across the across, as a result leveraging blockchain technology in healthcare
to solve the problem of managing healthcare data.
Blockchain
in healthcare market can be
segmented based on type, application and end user. The integration of blockchain
in healthcare finds application in drug supply chain management, clinical data
exchange & interoperability, claims adjudication & billing management,
prescription drug abuse and others. In 2018, drug supply chain management segment
accounted for the largest market share and is expected to register growth during
the forecast period, backed by growing circulation of counterfeit drugs and
strict rules & regulations by authorities such as DQSA and FMD in the US
and Europe, respectively.
Market for blockchain in healthcare
is gaining traction and expanding to various regions including Asia-Pacific,
North America, Europe, South America and the Middle East & Africa. In 2018,
North America dominated global blockchain in healthcare market, as the
countries present in the region are adopting advanced technologies. Moreover, presence
of leading players is further anticipated to positively influence the region’s blockchain
in healthcare market during the forecast period.
Major players operating in global
blockchain in healthcare market include IBM Corporation,
Microsoft Corp., Chronicled, Inc., Factom Inc., Healthereum, LLC, Guardtime,
Pokitdok, Proof.Work, Simplyvital Health, Farmatrust, etc. Major companies
are developing advanced technologies and launching new products in order to
stay competitive in the market. Other competitive strategies include mergers
& acquisitions and new product developments. Furthermore, various start-ups
are coming up, so as to bridge the gap between blockchain and healthcare
industry and ease its implementation in solving the crucial problems of lack of
transparency in complex transactions existing in the clinical supply chain.
Years considered for this report:
Historical Years: 2014-2017
Base Year: 2018
Estimated Year: 2019
Forecast Period: 2020-2024
Objective of the
Study:
- To analyze and forecast global blockchain in
healthcare market size.
- To classify and forecast global blockchain in
healthcare market based on type, application, end user and regional
distribution.
- To identify drivers and challenges for global blockchain
in healthcare market.
- To examine competitive developments such as
expansions, new product launches, mergers & acquisitions, etc., in global
blockchain in healthcare market.
- To conduct the pricing analysis for global
blockchain in healthcare market.
- To identify and analyze the profile of leading
players operating in global blockchain in healthcare market.
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Some of the leading players in global blockchain in
healthcare market include IBM
Corporation, Microsoft Corp., Chronicled, Inc., Factom Inc., Healthereum, LLC, Guardtime,
Pokitdok, Proof.Work, Simplyvital Health, Farmatrust, etc.
TechSci Research performed both primary as well as
exhaustive secondary research for this study. Initially, TechSci Research
sourced a list of service providers across the globe. Subsequently, TechSci
Research conducted primary research surveys with the identified companies.
While interviewing, the respondents were also enquired about their competitors.
Through this technique, TechSci Research could include the service providers which
could not be identified due to the limitations of secondary research. TechSci
Research analyzed the service offerings, distribution channels and presence of all
major service providers across the globe.
TechSci Research calculated global blockchain in healthcare market size
using a bottom-up approach, where data for various
end-user segments was recorded and forecast for the future years. TechSci
Research sourced these values from the industry experts and company
representatives and externally validated through analyzing historical data of
these product types and applications for getting an appropriate, overall market
size. Various secondary sources such as company websites, news articles, press
releases, company annual reports, investor presentations and financial reports
were also studied by TechSci Research.
Key Target Audience:
- Blockchain technology
vendors
- Network Solution and Payment
Gateway Providers
- Security and intelligence
service providers
- Research organizations and
consulting companies
- Government bodies such as
regulating authorities and policy makers
- Organizations, forums and
alliances related to blockchain in healthcare
The study is useful in providing answers
to several critical questions that are important for industry stakeholders such
as service providers and partners, end users, etc., besides allowing them in
strategizing investments and capitalizing on market opportunities.
Report Scope:
In this report, global blockchain in
healthcare market has been segmented into following categories, in
addition to the industry trends which have also been detailed below:
- Market, by Type:
- Public
- Private
- Permissioned
- Market, by Application:
- Drug Supply Chain Management
- Clinical Data Exchange & Interoperability
- Claims Adjudication & Billing Management
- Prescription Drug Abuse
- Others
- Market, by End User:
- Healthcare Providers
- Pharmaceutical Companies
- Others
- Market, by Region:
- North America
- United States
- Mexico
- Canada
- Europe
- Germany
- United Kingdom
- France
- Spain
- Italy
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- Middle East & Africa
- South Africa
- Saudi Arabia
- UAE
- Qatar
- South America
- Brazil
- Argentina
- Colombia
Competitive
Landscape
Company Profiles: Detailed analysis of the major
companies present in global blockchain in healthcare market.
Available
Customizations:
With the given market data, TechSci
Research offers customizations according to a company’s specific needs. The
following customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market
players (up to five).
In case you don’t find what you are
looking for, please get in touch with our custom research team at sales@techsciresearch.com
It is an upcoming report to
be released soon. If you wish an early delivery of this report or want to
confirm the date of release, please contact us at sales@techsciresearch.com