Global BlockChain Technology In Healthcare Market Anticipated To Grow 72.8 % Over The Forecast Period 2018-2025 Major Trends By Top Key Players IBM, Microsoft, Guardtime, Pokitdok, Gem , Hashed Health

Global Block Chain technology in Healthcare Market to reach USD 293.3 billion by 2025. Global Blockchain technology in Healthcare Market valued approximately USD 3.69 billion in 2017 is anticipated to grow with a healthy growth rate of more than 72.8 % over the forecast period 2018-2025. Supportive regulatory impositions to promote the deployment of block chain technology in medical & healthcare sector and block chaining as a service (Baas) are considered as a major trend for the block chain technology in Healthcare market globally.

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By Key Driving Factors: Growing cases of healthcare data breaches coupled with the growing need for affordable healthcare services. As per the report published by the Identity Theft Resource Center in 2017, the medical/ healthcare industry experienced around 179 breaches accounting for 22.6% of overall U.S. data breaches.

Since blockchain technology in healthcare helps to maintain data privacy and security as administrators can share real-time data on a permission basis with participants. Thus, growing cases of healthcare data breaches would increase the adoption and demand for block chain technology across the globe over the forecast period. Furthermore, government initiatives and funding to promote block chain technology in healthcare would offer lucrative opportunities for the blockchain in healthcare market. However, lack of awareness and unwillingness to disclose data acts as the key restraints for the market during the forecast period.

Top Key Players In Block Chain Technology : IBM, Microsoft, Guardtime, Pokitdok, Gem , Hashed Health, Chronicled, Patientory, Isolve, Factom
BY Segmentation: IT is segmented into application and end-user.

The application segment is diversified into supply chain management, clinical data exchange & interoperability, claims adjudication & billing management and other applications of which supply chain management segment is anticipated to hold largest share owing to the stringent regulations such as Falsified Medicines Directive (FMD) and Drug Quality and Security Act (DQSA) with an AI, to address rising incidences of counterfeit medicines. On the basis of end-user segment the market is classified into healthcare providers, healthcare payers, pharmaceutical companies and other end-users.

Segments And Sub-Segment:

By Application:
• Supply Chain Management
• Claims Adjudication & Billing Management
• Clinical Data Exchange & Interoperability and
• Other applications

By End-user:

• Healthcare Payers
• Healthcare Providers
• Pharmaceutical Companies
• Other End Users

By Regions:
• North America
• Europe
• Asia Pacific
• LAMEA
• ROW

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BY Regional Analysis: It is considered for the key regions such as North America, Europe, Asia Pacific, Latin America and ROW. North America holds the leading position in block chain technology in healthcare market due to increasing healthcare expenditure coupled with well-established healthcare management systems.

Whereas, Asia-Pacific is expected to emerge as the fastest growing region in terms of market share. The growth of Asia-Pacific region is witnessed owing to the growing focus to adopt advanced technologies in healthcare along with the rising generic pharmaceutical industry.

Years Considered For The Study are as follows:
• Historical year 2015, 2016
• Base year 2017
• Forecast period 2018 to 2025
Target Audience:
• Key Consulting Companies & Advisors
• Large, medium-sized, and small enterprises
• Venture capitalists
• Value-Added Resellers (VARs)
• Third-party knowledge providers
• Investment bankers
• Investors

The Objective Of The Study:
To define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study.

Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players .

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