Blockchain for Healthcare Market Industry Analysis and Opportunity and Forecast To 2029

Data Bridge Market Research analyses that the blockchain for healthcare market is expected to grow at a CAGR of 72.0% during the forecast period. The "drug supply chain management" accounts for the largest application segment in the blockchain for healthcare market within the forecasted period.

In the past few years, the blockchain for the healthcare market's growth was slowing down due to regulatory and behavioral barriers for the adoption of telehealth. However, the importance of remote diagnosis, care, and consultation was emphasized again after the COVID-19 as many healthcare providers are currently experimenting with video conferencing and phone calls, this segment's growth will skyrocket in the next few years. Moreover, the market is expected to grow with the same pace post COVID owing to the growing importance of such technology.

Application
• Clinical Data Exchange and Interoperability
• Claims Adjudication and Billing Management
• Drug Supply Chain Management
• Drug Discovery and Clinical Trials
• Prescription Drug Abuse
• Others
On the basis of level of application, the blockchain for healthcare market is segmented into clinical data exchange and interoperability, claims adjudication and billing management, drug supply chain management, drug discovery and clinical trials, prescription drug abuse and others. The drug supply chain management is expected to show a significant growth within the application segment within the forecast period.

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