Blockchain technology in Healthcare Market worth over 293.3 billion USD by 2025

Global Blockchain technology in Healthcare Market to reach USD 293.3 billion by 2025.

Ample Market Research published a new report on Global Blockchain technology in Healthcare market in its database that provides an in-depth analysis of the key market insights, its future trends, and developments, profiles of leading players, key restraints and drivers, segmentation and forecasting.

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 blockchain technology in medical & healthcare sector and block chaining as a service (Baas) are considered as a major trend for the blockchain technology in Healthcare market globally.

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Key driving factors for the blockchain technology in healthcare market are 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 blockchain technology across the globe over the forecast period. Furthermore, government initiatives and funding to promote blockchain 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.

On the basis of segmentation, the blockchain technology in healthcare market is segmented into
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

The regional analysis of Blockchain technology in Healthcare Market is considered for the key regions such as North America, Europe, Asia Pacific, Latin America and ROW.

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Company profiled in this report based on Business overview, financial data, Product landscape, Strategic outlook & analysis:

• IBM
• Microsoft
• Guardtime
• Pokitdok
• Gem
• Hashed Health
• Chronicled
• Patientory
• Isolve
• Factom

In this study, the years considered to estimate the market size of Global Blockchain technology in Healthcare are as follows:

Historical year – 2015, 2016
Base year – 2017
Forecast period – 2018 to 2025

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