openPR Logo
Press release

The Global Blockchain in Healthcare Market set to accumulate $7076.92 Million by 2028

07-08-2020 02:26 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Triton Market Research

Global Blockchain in Healthcare Market

Global Blockchain in Healthcare Market

A report by Triton Market Research speculates the global wireless charging market, which generated $166.31 million in 2019, to register a CAGR of 51.70% by 2028.

A recent study by Triton Market Research titled ‘Global Blockchain in Healthcare Market,’ covers the Global Analysis and Forecast for 2019-2028 by Blockchain Type (Private, Hybrid, Public), by Organization Size (Small- & Medium-sized Enterprises, Large Enterprises), Application (Pharmaceuticals Supply Chain, Healthcare Data Exchange, Health Insurance, Identity & Authentication, Drug Discovery, Other Application), and by Geographical Region (North America, Europe, Asia-Pacific, Latin America, Middle East and Africa).

Request Free Sample of the Global Blockchain in Healthcare Market Report @ https://www.tritonmarketresearch.com/reports/blockchain-in-healthcare-market#request-free-sample

The report on the global blockchain in healthcare market shows that the industry would accumulate revenues worth $7076.92 million by 2028, with a CAGR of 51.70% over the forecasting years of 2019 to 2028.

Placing the patient at the center of the healthcare ecosystem, blockchain, as a technology, has the potential to revolutionize the field of healthcare. It helps enhance, the security, privacy, and interoperability of medical data. It has the ability to form a new model for health information exchange (HIE), by making EHRs more secure, efficient, and disintermediated.

Blockchain technology offers advanced security and helps increase savings on costs. This is why, there has been a staggering rise in its adoption. This factor, along with the efforts made by the government by engaging in partnerships & collaborations and consortium development, is driving the growth of the BC in healthcare market. However, the absence of common standards and the dearth of skilled professionals, coupled with the trade-off between cost and security of blockchain-based applications, are impeding this growth.

The blockchain in healthcare market is mainly classified into blockchain type, organization size, and application. The first segment, blockchain type, is trifurcated into private, hybrid, and public. On the other hand, the second segment, organization size, is divided into small- & medium-sized enterprises, and large enterprises. And the third segment, application, is further segmented into pharmaceuticals supply chain, healthcare data exchange, health insurance, identity & authentication, drug discovery, and other application.

The Asia-Pacific is set to grow the fastest in the global market over the forecast period. Baidu, china’s largest search engine, launched a blockchain medical solution in 2019. The aim of this move was to promote the safe sharing and distribution of healthcare data. The company is leveraging BC technology so as to tackle the inefficiencies of the current systems. Furthermore, the market for blockchain in healthcare shows a promising trend in India. Blockchain aims to be the driver for convergence between hospitals, government, pharmaceutical companies, insurance providers, and medical device manufacturers in the country. This implies better patient care and reduced costs for the system. All these factors are increasing the demand for the application of blockchain technology in the healthcare industry.

Factom, International Business Machines Corporation, Blockchain AI Solutions Ltd (Trading as FarmaTrust), Healthereum LLC, SkyCell AG, Hashed Health, Chronicled, iSolve Technologies, Microsoft, Proof.Works, Change Healthcare, PokitDok Inc, Medicalchain SA, and Patientory are the prominent players in this industry.

Purchase this Report @ https://www.tritonmarketresearch.com/reports/wireless-charging-market#purchase-option

Question & Answer: Blockchain in Healthcare Market

Question 1: What factors are driving the growth of the blockchain in healthcare market?
Answer: Blockchain technology offers advanced security and helps increase savings on costs. This is why, there has been a staggering rise in its adoption. This factor, along with the efforts made by the government by engaging in partnerships & collaborations and consortium development, is driving the growth of the BC in healthcare market.

Question 2: What factors are impeding the blockchain in healthcare market growth?
Answer: The absence of common standards and the dearth of skilled professionals, coupled with the trade-off between cost and security of blockchain-based applications, are impeding the market growth.

Question 3: How is the Asia-Pacific region influencing the growth of the blockchain in healthcare market?
Answer: The Asia-Pacific is set to grow the fastest in the global market over the forecast period. Baidu, china’s largest search engine, launched a blockchain medical solution in 2019. The aim of this move was to promote the safe sharing and distribution of healthcare data. The company is leveraging BC technology so as to tackle the inefficiencies of the current systems.

Furthermore, the market for blockchain in healthcare shows a promising trend in India. Blockchain aims to be the driver for convergence between hospitals, government, pharmaceutical companies, insurance providers, and medical device manufacturers in the country. This implies better patient care and reduced costs for the system. All these factors are increasing the demand for the application of blockchain technology in the healthcare industry.

Question 4: Which are the prominent players in the blockchain in healthcare industry?
Answer: Factom, International Business Machines Corporation, Blockchain AI Solutions Ltd (Trading as FarmaTrust), Healthereum LLC, SkyCell AG, Hashed Health, Chronicled, iSolve Technologies, Microsoft, Proof.Works, Change Healthcare, PokitDok Inc, Medicalchain SA, and Patientory are the prominent players in this industry.

Related Report:
Global Big Data Analytics in Healthcare Market

The global big data analytics in healthcare market is forecasted to exhibit a CAGR of 23.35% in the projected period from 2019-2028. It is expected to generate a revenue of $148.34 billion by the year 2028.

Cloud analytics offer the pay-per-use deployment model. Owing to this, there has been a rise in the adoption of this system among several end-users, such as clinics, hospitals, health research organizations, and insurance agencies. The introduction of big data in healthcare, by using it in tandem with cloud computing will provide a new direction to medical models.

Moreover, with the growing data being generated by the healthcare industry, big data is helping to improve the quality of patient care by managing it efficiently. This is benefitting the overall healthcare ecosystem, and thus, the government is working to promote the adoption of big data analytics in the field of healthcare. For instance, the NHS in the United Kingdom created a National Research Database of genomes of 1,00,000 patients. This will help researchers better comprehend the genetic causes of cancer. Thus, the integration of big data in healthcare will help the market reach further heights. And this growth of the market will be supplemented by the growing technological advancements and the opportunities provided by precision medicine.

Triton Market Research
196, wards wharf approach
London E16 2EQ
Phone: +44 7441 911839
Email: sales@tritonmarketresearch.com
Website: https://www.tritonmarketresearch.com/

We are a leading market research company with offices in the UK, providing the best online market research and data search reports to our clients.

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 The Global Blockchain in Healthcare Market set to accumulate $7076.92 Million by 2028 here

News-ID: 2086789 • Views: 482

More Releases from Triton Market Research

The Global Immunosuppressant Drugs Market is set to Gain $14.18 Billion by the y …
A report from Triton Market Research states that the global immunosuppressant drugs market, which accumulated $9.96 billion in 2019, will showcase 4.00% of CAGR by 2028. A recent study by Triton Market Research titled ‘Global Immunosuppressant Drugs Market,’ covers the Global Analysis and Forecast for 2019-2028 by End-user (Autoimmune Disorders, Organ Transplantation, Others), by Distribution Channel (Online Pharmacies, Retail Pharmacies, Hospital Pharmacies), Drug Class (mTOR Inhibitors, Calcineurin Inhibitors, Monoclonal Antibodies, Corticosteroids,
The Global pH Sensors & Analyzers Market to Gain $1939.5 Million by 2028
According to an analysis by Triton Market Research, the global pH sensors & analyzers market, which generated $958.54 million in the year 2019, will be proliferating with a CAGR of 8.15% in terms of revenue by 2028. A study by Triton Market Research with the title ‘Global pH Sensors & Analyzers Market,’ covers the Global Analysis and Forecast for 2019-2028 by Verticals (Food & Beverages, Oil & Gas, Medical, Water &
The Healthcare Fraud Analytics and Detection Market to Garner $5480.25 Million b …
As per a Triton Market Research report, the Healthcare Fraud Analytics and Detection market, which generated $812.15 million in 2019, is likely to expand at a CAGR of 23.63% in terms of revenue by the year 2028. A study by Triton Market Research with the title ‘Healthcare Fraud Analytics and Detection Market,’ covers the Global Analysis and Forecast for 2019-2028 by End-user (Private Insurance Claims, Government Agencies, Other End-users), by Application
The Global Wifi Analytics Market to Gain $27.13 Billion by 2028
As per an analysis by Triton Market Research, the global wifi analytics market, which generated $4.75 billion in the year 2019, will be growing at a CAGR of 21.38% in terms of revenue by 2028. A study by Triton Market Research with the title ‘Global Wifi Analytics Market,’ covers the Global Analysis and Forecast for 2019-2028 by Component (Service, Solution), by Deployment (On-Premise, Cloud), by Application (Wifi Marketing Analytics, Wifi Presence

All 5 Releases


More Releases for Health

Health literacy: How to improve health behaviors
Health literacy is defined as "people´s knowledge, motivation and competences to access, understand, appraise and apply information to make judgements and take decisions in everyday life healthcare concerning disease prevention and health promotion to maintain and improve quality of life during the life course." In a new volume Anne-Kathrin Mayer and colleagues shed light on the concept of health literacy from different disciplines: psychology, educational sciences, health sciences and
GetSavvi Health - For Health Insurance Needs
GetSavvi Health offers health insurance, which includes basic and primary care at affordable prices. The company believes in the fact that South Africans are hard working and each of them deserve access to affordable and high-quality healthcare facilities and that too at affordable prices. The company desires to be a leader in the primary healthcare sector. Primary care is all about basic healthcare facilities through day-to-day benefits, which help in
Nutrition: Health Is Wealth
Nutrition is the supply of food to the body required by an organism to stay alive and healthy. In the language of human medicine, nutrition is the practice of consuming foods or utilization by the body. In today’s life, consuming healthy food is as difficult as getting fresh air. Seriously, nutrition is no rocket science! Having a little knowledge of nutrients and its proportions makes it easier for the consumer
MENTAL HEALTH NURSING, PUBLIC HEALTH AND HEALTH CARE SUMMIT
Psychiatric and Mental Health Nursing 2019 will prove to be a noteworthy event, with this we cherish mental health nursing by embracing the theme, “Fore-fronting nursing care to achieve mental wellness” , and would step forward to provide an opportunity to step in and join our family, as we bring and encourage to join professionals from the following areas of Mental Health, Psychology, Nursing, Physiology, Neurology, Healthcare, Education, Business to
Epidemiology and Public Health
Opportunity to attend/speak at Epidemiology 2019 on February 27-28, 2019 at Prague, Czech Republic with the theme of Emerging Technologies, Applications and Health transitions in Epidemiology and Public Health. https://epidemiology.euroscicon.com/ Whatsapp: 13024004945 Euroscicon Milevská 7, 140 63 Praha 4, Czechia Katherine Gracia
Health Supplements Market 2017
ReportsWeb.com has announced the addition of the “Health Supplements Market in India 2017” The report focuses on global major leading industry players with information such as company profiles, product picture and specification. The health supplements market in India, which includes nutraceuticals, dietary and protein supplements, is expected to be worth over INR 390 billion by 2020. India currently holds a miniscule share in the global health supplement market, though this is