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Blockchain Technology in the Healthcare Market Analysis by Type, by Protocol, by Application, by End and Forecasts to 2025

11-29-2018 10:23 AM CET | Health & Medicine

Press release from: Global Market Forecasts

Blockchain Technology in Healthcare Market

Blockchain Technology in Healthcare Market

Blockchain Technology in the Healthcare Market Analysis by Type (Public, Private, and Consortium); by Protocol (Bitcoin, Ethereum, Ripple Consensus Network, Hyperledger and Others); by Application (Claims & Billing Management, Internet of Medical Things, Regulatory Audit, Drug Supply Chain Management, Clinical Data Exchange & Interoperability and Others); by End User (Healthcare Payers, Healthcare Providers, Pharmaceuticals, and Others); by Geography (North America, Europe, Asia Pacific, Latin America and Middle East & Africa) to 2025

The report provides forecast and analysis of the Blockchain Technology in the Healthcare Market. It provides market overview of Blockchain Technology in the Healthcare Market in terms of revenue (in US$ Mn). Furthermore, the report includes drivers, restraints, trends and opportunity of the Blockchain Technology and their impact on each country during the forecast period.

The Blockchain technology is mainly designed to enable the maintenance of a permission less distributed databases which consists of a growing list of data records that preserves the integrity, singularity and validity of the stored information, without involving any trusted third party for verification purposes. It has potential to protect the identities of the user and makes Blockchain a more secure way to carry out transactions. With the modernization in every sector especially by digitalization of currency; Blockchain technologies have penetrated deeply into healthcare industry.

Currently, majority of the healthcare systems are in crisis owing to prohibitive costs, limited access to care, unclear reimbursement models, patient safety and quality of care, thus building a new precision health ecosystem through innovations is necessary. Factors such as the growing frequency of healthcare data glitches, rising number of duplicate drugs in circulation, growing trend of blockchain as a service (BaaS), and government initiatives to implement blockchain technologies for secured medical data are the major factors driving the growth of the market. Usage of latest technology such as deep learning and blockchain in healthcare can reduce costs, improve regulatory compliance, increase data flow, and improve patient experience and outcomes. Blockchain applications for patient-data portability, interoperability, care delivery management and administration can solve significant problems faced by healthcare industry.

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Objective of the study:

To analyze micro markets with respect to individual growth trends, prospects, and contributions to the overall market
To analyze the opportunities in the market for stakeholders and provide details of the competitive leadership mapping for market leaders
To profile key players in the healthcare blockchain market and comprehensively analyze their core competencies and market shares
To track and analyze competitive developments such as acquisitions; product launches; collaborations, partnerships, and agreements in the market

The detailed segments and sub-segment of the Blockchain Technology are explained below

The Blockchain Technology in the Healthcare Market Analysis and Forecasts to 2025 can be segmented into type, protocol, application, and end-user. On basis of the type, the market is segmented into public, private, and consortium. Blockchain types has ability to improve data security, data sharing, interoperability, patient engagement, big data analytics, health information exchange, fighting counterfeit drugs, R&D processes, AI-based diagnostics and fostering vertical business models.

On basis of application the market is classified into claims & billing management, internet of medical things, regulatory audit, drug supply chain management, clinical data exchange & interoperability and others. Drug supply chain management is one of the fastest growing segment, can lessen the need for third parties resulting in reduced time and cost required to complete and ensure transaction integrity and also reduces risk of fraud.

Based on the end-user, the market is classified into healthcare payers, healthcare providers, pharmaceuticals, and others. The healthcare providers segment is further divided into hospitals; ambulatory care centres; nursing homes, and assisted living facilities whereas the payer segment is sub-segmented into private payers and public payers. Globally, increasing number of multi-specialty and super-specialty hospitals in developing nations such as, China, India, Brazil, and others, is the prime growth driver of healthcare providers. However, the demand for data and transaction safety from hospitals, clinics, & ambulatory centers is expected to rise during the forecast period, owing to regulations to decrease the frauds across the globe. Therefore, Blockchain technology in healthcare is expected to acquire exponential growth.

The Blockchain Technology in the Healthcare Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The North American market is further segmented into US and Canada. The Europe market is categorized into UK, Germany, and France. The market in Asia Pacific is segmented into Japan, China, and India. The Latin American market is categorized as Mexico and Brazil. The Middle East & Africa region is classified as South Africa, Saudi Arabia, and UAE. The Blockchain Technology in the Healthcare Market report includes market size and analysis for all the above-mentioned regions and countries for type, protocol, application, and end user.

The study also provides information for recent merger and acquisition deals happened in the market. Moreover, the report also includes growth strategies and entry barriers to be considered to cater to the exact business opportunities in this market. Additionally, to aid in strategic decision making, the report also includes competitive profiling of leading players, recent developments in the industry, financial analysis and various business strategies adopted by them. This report will help players in Blockchain Technology in the Healthcare Market to plan and implement their strategies in different market areas such as emerging geographies, and new technologies.

Both primary and secondary research has been performed during the study. Secondary sources include Factiva, World Bank, and Hoover-2019s, company annual reports, investor presentations, and publications. The key players included in Blockchain Technology in the Healthcare Market report are IBM Corporation, Microsoft Corporation, Deloitte Touche Tohmatsu Limited, GeM, Hashed Health, and many others.

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The market report includes the following sections:

Chapter 1: Introduction

Chapter 2: Executive Summary

Chapter 3: Blockchain Technology in the Healthcare Market – Market Dynamics

Drivers
Restraints
Opportunities

Chapter 4: Blockchain Technology in the Healthcare Market – By Type

Public
Private
Consortium

Chapter 5: Blockchain Technology in the Healthcare Market – By Protocol

Bitcoin
Ethereum
Ripple Consensus network
Hyperledger
Symbiont Distributed Ledger
Others

Chapter 6: Blockchain Technology in the Healthcare Market – By Applications

Claims & Billing Management
Internet of Medical Things
Regulatory Audit
Drug Supply Chain Management
Clinical Data Exchange & Interoperability
Asset Tracking and Inventory Control
Others

To be continued....

Browse complete report: https://www.globalmarketforecasts.com/selectedReport/88/Blockchain-Technology-in-the-Healthcare-Market-Analysis-and-Forecasts-to-2025

About Us:

Global Market Forecasts is a global business intelligence and consulting firm aimed at assisting our clients to make critical business decisions and achieve exponential growth in their business.

We focus on emerging markets and technologies, and insights on niche markets. Our reports include information on recent trends and innovations. Our pool of more than 500+ off-shelf reports in each industry and customized reports based on the client’s requirement aids our client in making faster business decisions.

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Vice President – Global Sales & Partner Relations

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