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2019-2023 Global Trend Insights on Blockchain Technology in Healthcare Market Growth Prospects by Capsule Endoscopy,Supply Chain Management,Patient Data Management,Drug Traceability,Clinical Trials & Data Security,Claims Adjudication,Billing,Others and To
Blockchain Technology In Healthcare
Blockchain technology has been garnering accolades from all quarters and the healthcare sector is not an exception. Market Research Future (MRFR) perceives enormous growth prospects for the blockchain in the healthcare technology market. The incessant need in the healthcare sector for integrated services and demand for interoperability of electronic health records has led to the faster implementation of blockchain technology in healthcare.
Colossal amounts of healthcare data are generated on a daily basis which necessitates data processing and storage. In addition, securing such sensitive patient and healthcare data is one of the preliminary concerns of the healthcare sector. Blockchain approach for securing healthcare data allows data storage and encryption, which is impossible to change or remove. Blockchain technology creates immutable data records in such a way that it does not allow data to be altered or recognized until it reaches the intended receiver.
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In the existing healthcare ecosystem, critical data is scattered across various systems and is not handily available in times of need. The revolutionary change brought about in the management of data is one of the foremost factors contributing to the growth of the blockchain in the healthcare technology market. Moreover, blockchain technology can link fragmented systems and boosts proficiencies for better healthcare outcomes.
Blockchain technology has tremendous potential to bring out specific changes in the healthcare sector. Payment through the use of cryptocurrencies will eliminate the scope of fraud in terms of money and will remove third parties from the chain. Blockchain technology is also beneficial to the healthcare sector in terms of its ability to comprehensively track patient health records, clinical trials, and drugs counterfeiting. Even though blockchain technology promises a bright future, the technology is in its nascent phase, and investment from the healthcare sector might pose a risk for healthcare consumers.
Segmentation
The global Blockchain technology in the healthcare market has been segmented based on application and end user. By application, the market has been segmented into supply chain management, clinical data exchange and interoperability, claims adjudication, and billing. By end user, the market has been segmented into pharmaceutical companies, service providers, and healthcare consumers.
Regional Analysis
North America, Europe, Asia Pacific and Rest of the World are the key markets of the global blockchain technology in the healthcare market. North America market is expected to flourish owing to the presence of prominent players in the region. Also, the adoption of blockchain technology in healthcare is expected to be swift due to the presence of developed economies in the region that spend massive amounts on the improvement of healthcare. The Europe market is expected to exhibit positive growth trend due to the advances being made in blockchain technology in the region. Asia Pacific is also expected to benefit from the integration of blockchain technology in healthcare.
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Competitive Landscape
The prominent players operating in the global blockchain in healthcare technology include Factom, Gem, PokitDok, Medicalchain, Blockpharma, Patientory, Microsoft, Guardtime, Chronicled, IBM, FarmaTrust, and iSolve.
Table Of Contents:
Chapter 1. Report Prologue
Chapter 2. Market Introduction
2.1. Definition
2.2. Scope Of The Study
2.2.1. Research Objective
2.2.2. Assumptions
2.2.3. Limitations
Chapter 3. Research Methodology
3.1. Introduction
3.2. Primary Research
3.3. Secondary Research
3.4. Market Size Estimation
Chapter 4. Market Dynamics
4.1. Drivers
4.2. Restraints
4.3. Opportunities
4.4. Challenges
4.5. Macroeconomic Indicators
4.6. Detection Technique Trends & Assessment
Chapter 5. Market Factor Analysis
5.1. Porter’s Five Forces Analysis
5.1.1. Bargaining Power Of Suppliers
5.1.2. Bargaining Power Of Buyers
5.1.3. Threat Of New Entrants
5.1.4. Threat Of Substitutes
5.1.5. Intensity Of Rivalry
5.2. Value Chain Analysis
5.3. Investment Feasibility Analysis
5.4. Pricing Analysis
Chapter 6. Global Blockchain Technology In Healthcare Market, By Application
6.1. Introduction
6.2. Supply Chain Management
Market Estimates & Forecast, By Region, 2018–2023
Market Estimates & Forecast, By Country, 2018–2023
6.3. Patient Data Management
Market Estimates & Forecast, By Region, 2018–2023
Market Estimates & Forecast, By Country, 2018–2023
6.4. Drug Traceability
Market Estimates & Forecast, By Region, 2018–2023
Market Estimates & Forecast, By Country, 2018–2023
6.5. Clinical Trials & Data Security
Market Estimates & Forecast, By Region, 2018–2023
Market Estimates & Forecast, By Country, 2018–2023
6.6. Claims Adjudication
Market Estimates & Forecast, By Region, 2018–2023
Market Estimates & Forecast, By Country, 2018–2023
6.7. Billing
Market Estimates & Forecast, By Region, 2018–2023
Market Estimates & Forecast, By Country, 2018–2023
6.8. Others
Market Estimates & Forecast, By Region, 2018–2023
Market Estimates & Forecast, By Country, 2018–2023
Chapter 7. Global Blockchain Technology In Healthcare Market, By Type
7.1. Introduction
7.2. Permissioned Blockchains
Market Estimates & Forecast, By Region, 2018–2023
Market Estimates & Forecast, By Country, 2018–2023
7.3. Permission Less Blockchains
Market Estimates & Forecast, By Region, 2018–2023
Market Estimates & Forecast, By Country, 2018–2023
Chapter 8. Global Blockchain Technology In Healthcare Market, By End User
8.1. Pharmaceutical Companies
Market Estimates & Forecast, By Region, 2018–2023
To be Continue...
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Industry Updates
In October 2018, Columbia University hosted its 2nd annual healthcare blockchain conference where more than 85 honored C-level market leaders discussed about the technology and its use cases.
In October 2018, Arizona Care Network and Solve Care Foundation launched a Blockchain platform to relieve healthcare administration burdens and improve healthcare outcomes, all from mobile phones.
In October 2018, Donor Concierge and ALTR partnered to secure healthcare data and patient privacy for FRTYL, a fertility agency using blockchain technology.
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Market Research Future (MRFR), enable customers to unravel the complexity of various industries through Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
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