Press release
Blockchain In Pharmaceutical Market Revenue USD 30519 at a CAGR of 72.77% | Valuates Reports
The global Blockchain in Pharmaceutical market size is projected to reach US$ 30519 million by 2026, from US$ 1010.2 million in 2019, at a CAGR of 72.77% during 2021-2026.
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Market Share:
The global Blockchain In Pharmaceutical market was valued at US$ 3121.6 million in 2022 and is anticipated to reach US$ 43290 million by 2029, witnessing a CAGR of 55.0% during the forecast period 2023-2029. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
Among the different types of blockchain in pharmaceutical, the private blockchain held the maximum market share with about 91% in 2019.
For applications of the blockchain in pharmaceutical, the supply chain logistics is the largest segment with a market share of nearly 69% in 2019.
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By Type
• Private Blockchain
• Hybrid Blockchain
By Application
• Supply Chain Logistics
• Drug Safety
• Clinical Trial Management
• IOMT & Cyber Security
Key Players:
IBM, AWS, Microsoft, SAP, Chronicled, Embleema, FarmaTrust, Guardtime Federal
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