Blockchain for Healthcare Market Share, Trend, Segmentation and Forecast to 2029

The increasing incidence of healthcare data breaches along with the increasing concern about the confidential information of patients are the most significant factor driving the growth for this market. Healthcare data breaches frequently expose highly sensitive information, ranging from personally identifiable information like social security numbers, names, and addresses to sensitive health information like Medicaid ID numbers, insurance information and patients' medical histories.
Moreover, the increasing threat of counterfeit drugs, increasing adoption of blockchain as a service (BaaS), and transparency and immutability of the distributed ledger technology are also expected to fuel market growth. The use of blockchain to reduce IT and operational costs in insurance process and increasing government initiatives and growing investments in the development of efficient healthcare record systems also cushions the market's growth within the forecasted period.
Furthermore, the emergence of blockchain as a valid solution in the healthcare industry players extend profitable opportunities to the market players in the forecast period of 2022 to 2029. Moreover, the various investments by government bodies across the globe in blockchain to research will further expand the blockchain for healthcare market's growth rate in the future.

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Competitive Landscape and Blockchain for Healthcare Market Share Analysis

The blockchain for healthcare market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to blockchain for healthcare market.

Some of the major players operating in the blockchain for healthcare market are
• IBM, Microsoft,
• Guardtime., Gem,
• Hashed Health,
• Chronicled, iSolve, LLC,
• Patientory Inc.,
• accumulatenetwork,
• factomprotocol.,
• Medicalchain SA.,
• Proof.Works, Blockchain AI Solutions Ltd,
• Change Healthcare, and Doc.ai, Inc, among others.
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