openPR Logo
Press release

Healthcare Blockchain Market at 72.8% CAGR to Lead by Healthcare Payers

09-26-2018 12:46 PM CET | IT, New Media & Software

Press release from: WOM-Reports

Healthcare Blockchain Market at 72.8% CAGR to Lead by Healthcare

The Healthcare Blockchain Market is driven by healthcare payers segment and it is expected to reach at a CAGR of 72.8% to register USD 829.0 million by 2023 from USD 53.9 million in 2018 while Asia Pacific is projected to witness the highest growth during the forecast period.

The increasing incidence of healthcare data breaches, rising threat of counterfeit drugs, increasing adoption of blockchain as a service (BaaS), and the transparency & immutability of the distributed ledger technology are major factors driving the growth of the market. However, the reluctance to disclose data and the lack of a central entity & common set of standards are expected to restrain the growth of this market to a certain extent.

Request a Sample Copy of This Research: https://bit.ly/2O6cwiL

On the basis of application, the global healthcare blockchain market is segmented into supply chain management, clinical data exchange and interoperability, claims adjudication and billing management, and other applications. The claims adjudication and billing management segment is expected to register the highest CAGR during the forecast period. The promising growth rate of this segment is attributed to the rise in billing-related fraudulent activities, growing medical tourism, and the need to automate transactions and payments.

The healthcare blockchain market is segmented by end users into pharmaceutical companies, healthcare payers, healthcare providers, and other end users. The healthcare payers segment is expected to register the highest CAGR during the forecast period due to the increasing need for secure health information exchange between providers and payers, rising insurance fraud, and the need to improve the operational efficiency of healthcare organizations.

The Asia Pacific healthcare blockchain market is projected to grow at the highest rate over the next five years. The improving healthcare infrastructure, growing adoption of EHR systems and other healthcare IT solutions, growing demand for information exchange between different stakeholders in the healthcare industry (owing to the rising medical tourism in this region), and the need to prevent counterfeit drugs from entering the supply chain in Asia are driving the growth of this regional segment.
Prominent players in this market are IBM (US), Microsoft (US), Guardtime (Estonia), PokitDok (US), Gem (US), Chronicled (US), iSolve (US), Hashed Health (US), Patientory (US), Factom (US), Proof.Work (UK), SimplyVital Health (US), FarmaTrust (UK), Blockpharma (France), and Medicalchain (UK).

Read more for Table of Content OR request a discount on this research study: https://bit.ly/2Qd3Mor

Break of primary participants was as mentioned below:

• By Company Type – Tier 1–26%, Tier 2–45% and Tier 3–29%

• By Designation – C-level–34%, Director Level–32%, Others–34%

• By Region – North America–42%, Europe–27%, Asia Pacific–16%, Rest of the World–15%

Related Report:

Blockchain in Energy Market by Type (Private, Public), Component (Platform, Services), End-user (Power, Oil & Gas), Application (Energy Trading, Grid Management, Payment Schemes, Supply Chain Management), and Region - Global Forecast to 2023

The blockchain in energy market is projected to reach USD 7,110.1 million by 2023, from an estimated USD 394.3 million in 2018, at a CAGR of 78.32%. This growth can be attributed to the increasing popularity of the blockchain technology in the energy sector, high transaction speeds and immutability, and the rising security concerns across the globe. Lack of a common set of regulatory standards and the uncertain regulatory landscape can hinder the growth of the market.

The private segment held the largest market share in 2017 and is estimated to be the fastest growing segment during the forecast period. The private segment provides more security over public blockchain. It can be utilized for various use cases including smart contracts, asset registry, and digital identity for various application such as energy trading and payment schemes.
Read More: https://bit.ly/2N5iJXo

About Us:

We are a leading market research store (headquartered in The Hague, Netherlands) bringing to you market research insights, analysis and data from many market research publishers around the globe.

Our experienced market research consultants understand a client’s research requirements in precise manner and get as many proposals around the globe as possible on the table suiting your budget and mapping your research goals.

Our only motivation is to provide clients with precise insights into their respective niche markets and offering them the most comprehensive portfolio of business information products.

Contact:
Watchers of Markets
Henriëtte van der Meydreef 144, 2492 JG, Den Haag, Netherlands.
Website: watchersofmarkets.com/
Phone number: +31- 85 888 111 6
Email Id: sales@watchersofmarkets.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Healthcare Blockchain Market at 72.8% CAGR to Lead by Healthcare Payers here

News-ID: 1263691 • Views: 354

More Releases from WOM-Reports

Duct Furnace Market to Hit 4.58% CAGR by 2023: Top Vendors Heatco, Inc., Modine …
Watchers of Markets BV has announced the addition of the “Global Duct Furnace Market Outlook 2018-2023”, The report classifies the Global Duct Furnace Market in a precise manner to offer detailed insights about the aspects responsible for augmenting as well as restraining market growth. Global duct furnace market is anticipated to grow at a CAGR of 4.58% by 2023, according to a new report published by Gen Consulting Company. The report
Global Furniture Wood Coatings Market Growth Analysis and Forecast Outlook: Key …
Watchers of Markets BV has announced the addition of the “Global Furniture Wood Coatings Market Survey and Trend Research 2018”, The report classifies the Global Furniture Wood Coatings Market in a precise manner to offer detailed insights about the aspects responsible for augmenting as well as restraining market growth. This report describes the development of the Furniture Wood Coatings Industry by upstream & downstream, industry overall and development, key companies, as
Ground Control Station (GCS) Market Outlook & Analysis: Key Players Profiled Elb …
Watchers of Markets BV has announced the addition of the “Global Ground Control Station (GCS) Market Survey and Trend Research 2018”, The report classifies the Global Glass Mosaic Tiles Market in a precise manner to offer detailed insights about the aspects responsible for augmenting as well as restraining market growth. This report describes the development of the industry by upstream & downstream, industry overall and development, key companies, as well as
Glass Mosaic Tiles Market Global Growth and Outlook to 2023: Emser Tile, SONOMA …
Watchers of Markets BV has announced the addition of the “Global Glass Mosaic Tiles Market Survey and Trend Research 2018”, The report classifies the Global Glass Mosaic Tiles Market in a precise manner to offer detailed insights about the aspects responsible for augmenting as well as restraining market growth. This report describes the development of the industry by upstream & downstream, industry overall and development, key companies, as well as type

All 5 Releases


More Releases for Health

Health literacy: How to improve health behaviors
Health literacy is defined as "people´s knowledge, motivation and competences to access, understand, appraise and apply information to make judgements and take decisions in everyday life healthcare concerning disease prevention and health promotion to maintain and improve quality of life during the life course." In a new volume Anne-Kathrin Mayer and colleagues shed light on the concept of health literacy from different disciplines: psychology, educational sciences, health sciences and
Mental Health 2019
PULSUS brings in a new spin on conferences by presenting the latest scientific improvements in your field. Listen to motivating keynotes from thought leaders or rub elbows with pioneers across the globe. London is all set for an amazing event as PULSUS proudly presents the “World Congress on Mental Health” scheduled on November 13,14, 2019 at London, UK. PULSUS cordially welcome researchers, academicians, students and business professionals in the field
GetSavvi Health - For Health Insurance Needs
GetSavvi Health offers health insurance, which includes basic and primary care at affordable prices. The company believes in the fact that South Africans are hard working and each of them deserve access to affordable and high-quality healthcare facilities and that too at affordable prices. The company desires to be a leader in the primary healthcare sector. Primary care is all about basic healthcare facilities through day-to-day benefits, which help in
Digital Therapeutics Market Outlook 2025 : Proteus Digital Health, Omada Health, …
ReportsWeb.com has announced the addition of the “Global Digital Therapeutics Market Size, Status and Forecast 2025” The report focuses on major leading players with information such as company profiles, product picture and specification. This report studies the global Digital Therapeutics market, analyzes and researches the Digital Therapeutics development status and forecast in United States, EU, Japan, China, India and Southeast Asia. This report focuses on the top players in global market,
MENTAL HEALTH NURSING, PUBLIC HEALTH AND HEALTH CARE SUMMIT
Psychiatric and Mental Health Nursing 2019 will prove to be a noteworthy event, with this we cherish mental health nursing by embracing the theme, “Fore-fronting nursing care to achieve mental wellness” , and would step forward to provide an opportunity to step in and join our family, as we bring and encourage to join professionals from the following areas of Mental Health, Psychology, Nursing, Physiology, Neurology, Healthcare, Education, Business to
TrendSights Analysis: Guided Health
"TrendSights Analysis: Guided Health", explores what the Guided Health trend is, why it is important, who is most influenced by it, and how brands and manufacturers can capitalize on it. The research concludes by identifying where the trend is heading next and how long it will last. In the information economy, health-conscious consumers now more confidently embrace an abundance of new information tools, enabling more health-driven choices. Consumers are seeking conveniences