openPR Logo
Press release

Blockchain Technology in Healthcare Market 2018 Global Industry Size, Growth, Segments, Revenue, Manufacturers and 2028 Forecast

08-21-2019 02:18 PM CET | Health & Medicine

Press release from: TMR Research

Blockchain Technology in Healthcare Market 2018 Global

Blockchain Technology in Healthcare Market – Introduction

The healthcare industry is plagued by a range of pressing challenges ranging from managing patient data to maintaining the supply chain of drugs. While not only a pile of patient data but challenges such as inefficiencies, bureaucracy, errors and higher administrative costs are the pressing challenges of the healthcare industry. Blockchain technology is expected to disrupt the healthcare industry as it holds the potential to solve the industry’s most daunting challenges while offering a value-add as well as profitability. These factors are boosting the blockchain technology in healthcare market.

Get Brochure of the Report @ https://www.tmrresearch.com/sample/sample?flag=B&rep_id=4857

Blockchain Technology in Healthcare Market – Notable Developments

In September 2018, Taiwan-based Taipei Medical University Hospital established an online blockchain technology-based healthcare platform to improve management of patient data among medical institutes of the country.

In January 2019, Aetna, now owned by CVS Health, collaborated with PNC Bank and IBM to design a blockchain healthcare network initiative which also includes Anthem and Health Care Service Corporation.

In February 2019, CSE SG, a Singapore-based startup introduced a new generation Smart Contract 2.0 that features super-fast blockchain 3.0 technology. The company has partnered with the healthcare service providers in Thailand and Korea to integrate Smart Contract 2.0 with an aim to improve the healthcare management processes.

Some of the most prominent competitors operating in the competitive landscape of global blockchain technology in healthcare market include –

IBM
Hashed Health
Microsoft
PokitDok
Guardtime
iSolve
Gem
Factom
Chronicled
Proof.Work
Blockpharma
Patientory
FarmaTrust
SimplyVital Health
Medicalchain

Blockchain Technology in Healthcare Market Dynamics

Blockchain Technology to Offer Patient-Centric Business Model

Blockchain allows a transparent yet secure patient data management and enables tracking of data across computing devices. The blockchain technology offers a consistent database stored through a single record which users can easily trace and audit. Also, the decentralized database wherein copies of data are stored at multiple places without the need of a third-party administrator eliminate the need for a middleman, thereby reducing the administration cost. These benefits allow the blockchain technology to maintain a transparent patient database, thereby holding the potential to establish a patient-centric business model in the healthcare systems. Blockchain technology in healthcare market is likely to benefit due to this.

Get TOC for Detailed Facts and Numbers @ https://www.tmrresearch.com/sample/sample?flag=T&rep_id=4857

Despite Great Potential, Blockchain Technology in Healthcare to Witness Slow Penetration

Integration of blockchain technology in healthcare includes a number of processes and stakeholders requirements including period of deployment – short, medium or long term, scalability and important safety features. Currently, blockchain is witnessing penetration in the back-office operations wherein the technology is utilized to enhance traceability of the supply chain. On the other hand, front-end operations of the healthcare industry can be significantly improved by enabling patient’s access to data through blockchain, however, penetration of the technology is expected to remain slow as the total integration of the blockchain technology will require big infrastructure changes and appropriate ecosystem. Blockchain technology in healthcare market is likely to benefit due to this.

Blockchain Technology in Healthcare Market – Regional Outlook

North America is expected to witness significant penetration of blockchain technology in healthcare sector during the forecast period. The reasons can be attributed to higher adoption rates of advanced medical technologies in the well-established healthcare infrastructure in the region. Steady healthcare expenditure is also expected to fuel the adoption of blockchain technology in healthcare in the coming years. While Europe represents the second leading revenues in the blockchain technology in healthcare market, Asia-Pacific is expected to witness rapid penetration of blockchain technology in healthcare market. Blockchain technology in healthcare market is likely to benefit due to this.

Blockchain Technology in Healthcare Market – Segmentation

Blockchain technology in healthcare market is segmented based on application and end user.

Based on end user, the blockchain technology in healthcare market is segmented into,

Healthcare payers
Healthcare providers
Pharmaceutical companies
Others

Based on application, the blockchain technology in healthcare market is segmented into,

Claims adjudication & billing management
Clinical data exchange & interoperability
Others

About TMR Research:

TMR Research is a premier provider of customized market research and consulting services to busi-ness entities keen on succeeding in today’s supercharged economic climate. Armed with an experi-enced, dedicated, and dynamic team of analysts, we are redefining the way our clients’ conduct business by providing them with authoritative and trusted research studies in tune with the latest methodologies and market trends.

Contact:

TMR Research,
3739 Balboa St # 1097,
San Francisco, CA 94121
United States
Tel: +1-415-520-1050

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Blockchain Technology in Healthcare Market 2018 Global Industry Size, Growth, Segments, Revenue, Manufacturers and 2028 Forecast here

News-ID: 1824509 • Views: 281

More Releases from TMR Research

Dermal Filler Market Booming Demand Leading To Exponential CAGR Growth By 2025 | …
Global Derma Filler Market: Snapshot Derma fillers are also referred to as soft-tissue fillers or injectable. They are known for filling up an area under a particular skin spot or patch. Some fillers are made using natural ingredients whereas some are manufactured using synthetic products. All types of derma fillers, whether synthetic or natural work on improving the appearance and presentation of the aging skin in many ways such as they
Big Data In Healthcare Market Players, Opportunities and Growth Scope 2017 COVID …
Global Big Data in Healthcare Market: Overview The big data in healthcare market is believed to be the future and game-changer of the healthcare sector with high adoption amongst medical professionals, government bodies, and even patients. The global market is currently trending on the back of innovative headways, higher incentives reserved for medication, and big data adoption in healthcare. The segmentation study of the global big data in healthcare market could
Dental Suture Market Recent Trends, Development,Growth& Forecast 2017-2025
Global Dental Sutures Market: Snapshot Despite the vast rise in the number of wound closure practices, suturing continue to remain one of the most preferred across ones across a number of surgical practices, with density being no exception. Dentists across the globe continue to use appropriate sutures to secure surgical flaps and close wounds to promote healing. As the global market for dentistry expands at a massive pace across the globe,
Dental Software Market Demand, Supply, Growth Factors, Latest Rising Trend And F …
Global Dental Software Market: Snapshot The world of dentistry continued to move ahead at a massive pace and is witnessing an increasing influx of advanced technologies. From witnessing the use of electric handpieces as replacement for speed belt driven tools to using tiny yet high-precision digital cameras to capture dental impressions to employing laser instead of scalpels, conventional dental practice has moved miles ahead in the present day scenario. Digital technologies

All 5 Releases


More Releases for Blockchain

Blockchain in Retail Market
Blockchain or the distributed ledger technology is serving the retail industry for transforming the product processes.There is an increasing need for transparency for the product processes and for meeting the demand by the retail industry. This has majorly driven the blockchain in retail market. Further, factors including rising need for reduction of redundant data and rising need for limiting the total cost of ownership have supplemented the demand for blockchain
Timeus blockchain 3.0
Timeus is verified blockchain that can be base of laws drafting. Smart contracts are like legal contracts, states are able to collect taxes and to monitor transactions etc. Timeus uses unique consensus, we called it proof of fortuity (POF). Every block is verified with master node which chosen randomly. Each node is low nodes cluster. Low node is allocated by consumers HDD space and low-node is backup of certain other
Blockchain Help—Services Page
Blockchain Help, since its inception, has been providing cutting-edge technology solutions and in-depth domain expertise in bitcoins, blockchain development, ICO launches and cryptocurrency development. Ably supported by an exceptionally talented and experienced team of technocrats, Blockchain Help is quickly gaining recognition as the one-stop solution to everything related to blockchain and cryptocurrencies. Why choose Blockchain Help? • 10+ years of programming expertise • Extensive experience in blockchain technology solutions across industry sectors • Competitive pricing • 3 months of
New Technology Snapshot: Blockchain
The Blockchain Technology Snapshot is a deep-dive report, developed by industry experts and thought leaders, which assesses how emerging technologies are re-shaping industrial and consumer sectors and the services. The report provides a snapshot of recent developments in the blockchain, its core uses beyond cryptos, and the emerging importance of smart contracts and distributed applications. Furthermore, the report looks at innovative companies in the blockchain area, by providing examples of
Oodles Blockchain Uses Top Blockchain Platforms To Expedite Blockchain Adoption
With an aim to leverage the blockchain technology to change the centralized system and make it decentralized, Oodles Blockchain has decided to use top blockchain platforms to develop consumer-based blockchain applications. Oodles Blockchain, a micro-website of Oodles Technologies, developed mainly to focus on blockchain technology, is delighted to announce that it will be expanding its horizon of blockchain development services by using a few latest open source blockchain platforms like
Blockchain in Insurance: MarketResearchReports.Biz
Recent research and the current scenario as well as future market potential of "Blockchain in Insurance" globally. Summary Blockchain technology, often referred to as distributed ledger technology (or DLT), is a means by which the participants in a distributed network can each maintain a copy of an immutable ledger of transactions, and where transactions can be executed without the need for a single, central, coordinating authority. We are not suggesting universal uptake of