Blockchain Market in Healthcare Market Business Growth, Trends, Outlook, Opportunities, Demand Analysis, Forecasts 2026- IBM Corporation, Microsoft Corporation, Gem, Patientory Inc., Guardtime Federal, Hashed Health

Blockchain Market in Healthcare market is a comprehensive market research report which provides market analysis with a historical & futuristic perspective for the following parameters; market size, revenue, demand, and supply data (as applicable). The report offers a detailed market analysis to provide a 360-degree research study on the global Blockchain Market in Healthcare market. Some of the tools used for this are SWOT, PESTEL, and Porter's 5-forces analysis frameworks. The report includes detailed information on the key trends, market drivers, challenges, regulatory landscape, deployment models, opportunities, future roadmaps, value chains, player profiles, and strategies. The impact of the COVID-19, and also forecasts its recovery post-COVID-19. The report also presents forecasts for Blockchain Market in Healthcare from 2021 till 2026.

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The blockchain market in healthcare was valued at USD 2.12 billion in 2020, and is expected to reach USD 3.49 billion by 2026, with a CAGR of 8.7% during the forecast period, 2021 - 2026. In 2018, the Illinois Blockchain Initiative (IBI) launched several pilots, including a birth registration pilot to develop secure identity solutions and a pilot to develop blockchain health provider credentialing solutions. Proposals like these are expected to improve the market conditions.

Top leading Manufacturers Profiled in Blockchain Market in Healthcare Market Report are: IBM Corporation, Microsoft Corporation, Gem, Patientory Inc., Guardtime Federal, Hashed Health, Factom Inc., iSolve LLC, PokitDok Inc., Chronicled Inc.

Market Overview

- The growing adoption of effective management solutions in the power industry is also attracting many vendors to innovate sector oriented products. This is further expanding the scope for RF power semiconductor devices. For instance, Cadence Design Systems, Inc. announced that it had enhanced the Cadence Voltus IC Power Integrity Solution with an extensively parallel (XP) algorithm option employing distributed processing technology for power grid signoff at advanced-node process technologies.
- The rising trend of digitalization and increase in smart city projects in various countries across the world is also creating potential opportunities for the growth of the RF power semiconductor market. Increase in usage of RF power devices in various lighting applications is also driving growth in the global RF power market.

Industry Recent Developments and Updates

- May 2019  Batam (Indonesia) planned to bring together a significant number of partners, to help deliver a blockchain solution for its citizens. The primary partnership is between BP Batam, through BP Batam Hospital, and dClinic, who have engaged Deloitte Southeast Asia and JP Consulting, to provide project management and clinical governance expertise.

- Jan 2019 - Aetna, Anthem, Health Care Service Corporation (HCSC), PNC Bank, and IBM announced a new collaboration, to design and create a network using blockchain technology and to improve transparency and interoperability in the healthcare industry. The aim is to create an inclusive blockchain network that can benefit multiple members of the healthcare ecosystem in a highly secure and shared environment.

Regional Analysis for Blockchain Market in Healthcare Market:

For a comprehensive understanding of market dynamics, the global Blockchain Market in Healthcare market is analyzed across key geographies namely the United States, Europe, China, Japan, Southeast Asia, India, Central & South America. Each of these regions is analyzed based on market findings across major countries in these regions for a macro-level understanding of the market.

Segmentation by type: breakdown data from 2017 to 2022 in Section 2.3; and forecast to 2028 in section 10.7.
Public Blockchain
Private Blockchain
Permissioned Blockchain
Segmentation by application: breakdown data from 2017 to 2022, in Section 2.4; and forecast to 2028 in section 10.8.
Financial Services
Non-Financial Services

North America to Witness the Highest Growth

- In the United States, the FDAs Drug Supply Chain Security Act outlines requirement to develop and enhance the drug supply chain security by 2023. These developments are good news for the blockchain industry, as the companies try to manage product quality and security.

- Major US healthcare companies have formed an alliance called Synaptic Health Alliance, which consists Humana, Multiplan, UnitedHealth Group's Optum, UnitedHealthcare, and Quest Diagnostics and Ascension to try blockchain solutions, in order to improve data quality and reduce costs.

- According to the Centers for Medicare & Medicaid Services, at least half of the information on the Medicare Advantage Organizations had errors, which affects the customers by causing delay in medical services and can make them subject to fines.

- In Boston, medical offices use more than two dozen systems for maintaining electronic health records. This makes them prone to fraud and hacking.

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What is the Impact of Covid-19 Outbreak on the Blockchain Market in Healthcare?

- Optimistic Scenario: COVID-19 is contained by May or June, With Normalcy returning to global operations through the End of Q2.
- Conservative Scenario: COVID-19 Remains Prevalent, with Continued Impacts Lasting into Q4.
- Estimated Impact of the Coronavirus (COVID-19) Epidemic on the Global Blockchain Market in Healthcare.
- Blockchain Market in Healthcare Market Size in 2021
- Corporate Strategy the Manufacturers Should Be Thinking About Right Now.

Frequently Asked Questions about the Blockchain Market in Healthcare market:

- What are the recent developments and government policies?
- What are the top trends in the Blockchain Market in Healthcare market?
- What is the growth rate of the market?
- Which Is the Most potential market segment?
- Which are the top industry players in the Blockchain Market in Healthcare market?
- Which region would offer high growth for vendors in the market?

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The research includes historic data from 2015 to 2021 and forecasts until 2026 which makes the report an invaluable resource for industry executives, marketing, sales, and product managers, consultants, analysts, and stakeholders looking for key industry data in readily accessible documents with clearly presented tables and graphs.

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