Blockchain in Healthcare Market Overview Highlighting Major Drivers, Trends, Growth and Demand Report 2020- 2027

The global blockchain in healthcare Market is expected to reach USD 5,798.0 Million by 2027, according to a new report by Emergen Research. The blockchain in healthcare is observing a high growth rate attributable to its rising application in supply chain management (SCM), clinical data exchange & interoperability, and claims adjustment & billing management, among others. Several hospitals and organizations are implementing the blockchain technology to record, analyze, and monitor patient information. Moreover, there is an increase in the supply of counterfeit drugs, and this issue can be restrained by adopting the blockchain technology in the healthcare sector. Initiatives are being taken by the government across the globe to tackle the situation.

The market intelligence report is one of the first studies to scrutinize the present market situation with respect to the COVID-19 outbreak. Since the outbreak, the global business sector has been grappling with various adverse financial consequences. The pandemic has affected nearly all segments of the Blockchain in Healthcare market, further stifling the developmental scope of various manufacturers and buyers engaged in this particular sector. The report analyzes the drastic impact of the pandemic on this business sphere. Thus, the report studies the shifting dynamics of this market to gauge the profits earned or loss suffered by the different regional segments.

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Key Highlights From The Report

• By type, permissioned blockchain is likely to grow at a significant rate in the forecast period. Permissioned blockchain is a private system and offers faster processing of transactions, better privacy, and enhanced security. These developed and deployed for specific organizational demands. A growing requirement to give restricted access is causative of the market growth.
• By application, claims adjudication and billing is projected to grow at the fastest rate of 64.9% in the forecast period. It assists healthcare settings to manage duplication process and inappropriate filing. Moreover, it improves and assists in the management of accidental billing faults and uncertain transactions. Thus, it helps in improving the transparency, efficiency, and fast processing of claims.
• The market in the Asia Pacific region is projected to grow at the fastest rate of 66.3% in the forecast period attributed to a growing acceptance of IT solutions such as electronic health records, development of healthcare infrastructure, and a surging necessity for exchanging patients’’ information.
• Key participants include IBM, Microsoft, Gem, Chronicled, Hashed Health, Factom, Guardtime, Pokitdok, Patientory, and Blockpharma, among others.

Market Segmentation:

Emergen Research has segmented the global blockchain in healthcare market on the basis of type, application, end-users, and region:

Type Outlook (Revenue, USD Billion; 2017-2027)
• Permissioned/Private Blockchain
• Permissionless/Public Blockchain
Application Outlook (Revenue, USD Billion; 2017-2027)
• Supply Chain Management
• Clinical Data Exchange & Interoperability
• Claims Adjustment & Billing Management
• Others
End-Users Outlook (Revenue, USD Billion; 2017-2027)
• Pharmaceutical Companies
• Healthcare Providers
• Healthcare Payers
• Others
Regional Segmentation:
• North America (U.S., Canada)
• Europe (U.K., Italy, Germany, France, Rest of EU)
• Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
• Latin America (Chile, Brazil, Argentina, Rest of Latin America)
• Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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Global Blockchain in Healthcare Market Report – Key Takeaways:

• The latest research report analyzes the changing competitive scenario.
• The report carries an unbiased perspective towards the global market performance.
• The study presents an eight-year assessment of the global market and its principal product segments.
• Market dynamics, such as drivers, opportunities, restraints, and threats, have been discussed in the report in detail.
• The analytical data and strategic planning methodologies are expected to aid businesses in decision-making
• The report serves as an exhaustive regional analysis of the global Blockchain in Healthcare market, systematically presenting the business profiles of various stakeholders.
• Furthermore, the report provides valuable data about the critical factors influencing market progress.

Table of Content

Chapter 1. Methodology & Sources
1.1. Market Definition
1.2. Research Scope
1.3. Methodology
1.4. Research Sources
1.4.1. Primary
1.4.2. Secondary
1.4.3. Paid Sources
1.5. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2019-2027
Chapter 3. Key Insights
Chapter 4. Blockchain In Healthcare Market Segmentation & Impact Analysis
4.1. Blockchain In Healthcare Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
4.2.2.1. Rise in threat of counterfeit drugs
4.2.2.2. Increased adoption of blockchain as a service
4.2.2.3. Increased incidences of healthcare data breaches
4.2.3. Market restraints analysis
4.2.3.1. Lack of common standards
4.3. Technological Insights
4.4. Regulatory Framework
4.5. Porter’s Five Forces Analysis
4.6. Competitive Metric Space Analysis
4.7. Price trend Analysis
4.8. Covid-19 Impact Analysis

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