Global Blockchain Technology in Healthcare Market was Valued around US$ 850 Mn in 2017, Due to Rise in Demand for Integrated Healthcare Services Along With the Need for Information based System to Manage Data

“The Global Blockchain Technology in Healthcare Market was valued around US$ 850 Mn by 2017 and growing at a significant CAGR over seven years forecast period 2018-2024 owing to rise in the demand for integrated healthcare services along with the need for information based system to manage data”

Precision Business Insights (PBI) in its report titled “Global Blockchain Technology in Healthcare Market: Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2013-2017 and Forecast 2018-2024” assesses the market performance over seven years forecast period over 2018-2024. The report analyses the market value forecast and provides the strategic insights into the market driving factors, challenges that are hindering the market revenue growth over forecast period.

The global blockchain technology in healthcare market was valued at US$ 850 Mn in 2017 and growing at a significant CAGR over the forecast period owing to rise in the demand for integrated healthcare services along with the need for the information based system to manage data are driving the blockchain technology in healthcare market over the forecast period. Moreover, the blockchain technology can decentralize the data storage and enables the data sharing without any deterrence and can make it possible for doctors to access real-time information, which could boost the blockchain technology in healthcare market. However, lack of awareness and knowledge on blockchain technology among healthcare professionals may hinder the growth of the global healthcare blockchain technology market over forecast years.

Global blockchain technology in healthcare market segmented on the basis of application, end user, and region



A sample of this report is available upon request @
https://www.precisionbusinessinsights.com/market-reports/blockchain-technology-in-healthcare-market/#ulp-h4n2eZVGqb32xpPc



Clinical Data Exchange & Interoperability Blockchain Technology in Healthcare Accounted For Higher Revenue Share

Based on application, global blockchain technology in healthcare market segmented into clinical data exchange and interoperability, supply chain management, and claims settlement and billing. Clinical data exchange & interoperability market accounted for larger revenue share in 2017 and projected to dominate over the forecast period owing to rise in cases of medical data breach, growing number of fraudulent drugs and medicines cases, and increasing investments in blockchain technology by startups industry. Moreover, Companies are investing heavily in blockchain technology system production as it is highly appreciated by the healthcare organizations



To view TOC of this report is available upon request @
https://www.precisionbusinessinsights.com/market-reports/blockchain-technology-in-healthcare-market/#ulp-c654SbFYO64MsOhu



North America leads the Global Blockchain Technology in Healthcare market

PBI’s global blockchain technology in healthcare market report analyses the market in different regions such as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. According to regional analysis, North America accounted for larger revenue share in 2017 and the same trend is projected to follow over 2018-2024 due to increasing cases of a medical data breach, growing number of fraudulent drugs and medicines cases, and rising investments in blockchain technology startups working in healthcare sector in the region. Europe blockchain technology in healthcare market projected to exhibit significant growth and the Asia Pacific is expected to be the highest growing region in the blockchain technology in healthcare market during the forecast period followed by the Middle East & Africa and Latin America.



Acquisitions & Mergers and strategic alliances are the key strategies adopted by the market players

Global blockchain technology in healthcare market report further reveals that the key player’s increasingly adopting strategies such as acquisitions & mergers and long term alliance to improve market revenue share and gaining significant geographic presence across the region. For instance, In November 2018, Primary care IT system provider EMIS has announced the acquisition of UK business specialising in the use of blockchain in healthcare.

Key player’s profiles in the report are Microsoft, IBM, PokitDok, Guardtime, Gem, iSolve, Chronicled, Hashed Health, Factom, Patientory, Proof.Work, FarmaTrust, SimplyVital Health, Medicalchain, and Blockpharma.



Need more information about this report @
https://www.precisionbusinessinsights.com/market-reports/blockchain-technology-in-healthcare-market/#ulp-c654SbFYO64MsOhu



Detailed Segmentation

By Application

Clinical Data Exchange & Interoperability
Supply Chain Management
Claims Settlement & Billing
By End User

Healthcare Payers
Pharmaceutical Companies
Healthcare Providers
Geography

1. North America

U.S
Canada
2. Europe

Germany
France
U.K
Italy
Spain
Russia
Poland
Rest of Europe
3. Asia-Pacific

Japan
China
India
Australia & New Zealand
Rest of Asia-Pacific
4. Rest of World

Brazil
South Africa
Saudi Arabia
Others


Get access to full summary @
https://www.precisionbusinessinsights.com/market-reports/blockchain-technology-in-healthcare-market/

About Precision Business Insights

Precision Business Insights is one of the leading market research and business consulting firm, which follow a holistic approach to solve needs of the clients. We adopt and implement proven research methodologies to achieve better results. We help our clients by providing actionable insights and strategies to make better decisions. We provide consulting, syndicated and customised market research services based on our client needs.



Contact us

Kemp House,

152 – 160 City Road,

London EC1V 2NX

Email: sales@precisionbusinessinsights.com

Toll Free (US):+1-866-598-1553

Kemp House, 152 – 160 City Road, London EC1V 2NX

This release was published on openPR.