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Smart Contracts in Healthcare Market Expected to Register a CAGR of 26.1% During the Forecast Period to Reach USD 208.1 Million by 2027.

12-21-2021 06:23 PM CET | IT, New Media & Software

Press release from: Credible Markets

Smart Contracts in Healthcare Market

Smart Contracts in Healthcare Market

Smart contracts help to reduce such hassles and complexity. The shared ledger capability of a healthcare blockchain offers complete visibility to all stakeholders and allow patients and healthcare providers to negotiate complex bundle claims. Additionally, integrating smart contracts solution with healthcare reduces the claims adjudication process, making it seamless. It also eliminates middlemen such as PBMs, retail pharmacies, and drug wholesalers that in turn reduces the complexity of setting up the prices of drugs.

Blockchain technology, being one of the disruptive technologies, has revolutionized the entire healthcare industry. The current healthcare ecosystem model includes a number of stakeholders that add cost acnd complexity to the ecosystem. The number of participating stakeholders include pharma manufacturers, pharmacy benefits managers (PBMs), healthcare providers, consumers, retail pharmacies, and drug wholesalers. These participating stakeholders increase the complexity of setting up the prices of medicines. For instance, PBMs negotiate the price with drug manufacturers and pass on the reimbursement of health plans which results in low prices of medicines. However, due to the lack of visibility in the transaction process, PBMs earn more profit from the drug manufacturers that increases the overall cost of medicines for the patients.

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Market segmentation
Smart Contracts in Healthcare market is split by Type and by Application. For the period 2016-2026, the growth among segments provide accurate calculations and forecasts for revenue by Type and by Application. This analysis can help you expand your business by targeting qualified niche markets.

Market segment by Type, covers
• Bitcoin Blockchain Platform
• Sidechains Blockchain Platform
• NXT Blockchain Platform
• Ethereum Blockchain Platform
• Other

Market segment by Application, can be divided into
• Pharmaceutical Companies
• Healthcare Provider
• Healthcare Payer
• Other

Market segment by players, this report covers
• Microsoft
• SmartData Enterprises
• Factom
• SimplyVital Health
• PokitDok
• Hashed Health
• Chronicled
• iSolve
• FarmaTrust
• Blockpharma
• Guardtime
• CortexLabs
• Kadena

Market segment by regions, regional analysis covers
• North America (United States, Canada, and Mexico)
• Europe (Germany, France, UK, Russia, Italy, and Rest of Europe)
• Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Australia, and Rest of Asia-Pacific)
• South America (Brazil, Argentina, Rest of South America)
• Middle East & Africa (Turkey, Saudi Arabia, UAE, Rest of Middle East & Africa)

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Some Point from Table of Content:

• Market Overview: It includes six chapters, research scope, major manufacturers covered, market segments by type, Smart Contracts in Healthcare Market segments by application, study objectives, and years considered.
• Market Landscape: Here, the competition in the Worldwide Smart Contracts in Healthcare Market is analysed, by price, revenue, sales, and market share by company, market rate, competitive situations Landscape, and latest trends, merger, expansion, acquisition, and market shares of top companies.
• Profiles of Manufacturers: Here, leading players of the Smart Contracts in Healthcare Market are studied based on sales area, key products, gross margin, revenue, price, and production.
• Market Status and Outlook by Region: In this section, the report discusses about gross margin, sales, revenue, production, market share, CAGR, and market size by region. Here, the Smart Contracts in Healthcare Market is deeply analysed on the basis of regions and countries such as North America, Europe, China, India, Japan, and the MEA.
• Application or End User: This section of the research study shows how different end-user/application segments contribute to the Smart Contracts in Healthcare Market.
• Market Forecast: Production Side: In this part of the report, the authors have focused on production and production value forecast, key producers forecast, and production and production value forecast by type.
• Research Findings and Conclusion: This is one of the last sections of the report where the findings of the analysts and the conclusion of the research study are provided.

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Credible Markets has emerged as a dependable source for the market research needs of businesses within a quick time span. We have collaborated with leading publishers of market intelligence and the coverage of our reports reserve spans all the key industry verticals and thousands of micro markets. The massive repository allows our clients to pick from recently published reports from a range of publishers that also provide extensive regional and country-wise analysis. Moreover, pre-booked research reports are among our top offerings.

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