Press release
Block Chain In Healthcare Global Market Projected to Achieve $7.97 Billion By 2028, at 36.9% CAGR | Factom Inc., Embleema Inc., Coral Health Inc., PokitDok Inc., Briya Inc.
Block Chain In Healthcare Global Market
The Business Research Company offers in-depth market insights through Block Chain In Healthcare Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The block chain in healthcare market size has grown exponentially in recent years. It will grow from $1.65 billion in 2023 to $2.27 billion in 2024 at a compound annual growth rate (CAGR) of 37.6%. The growth in the historic period can be attributed to interoperability challenges, fraud prevention, patient empowerment, clinical trials and research, immutable record keeping..
The block chain in healthcare market size is expected to see exponential growth in the next few years. It will grow to $7.97 billion in 2028 at a compound annual growth rate (CAGR) of 36.9%. The growth in the forecast period can be attributed to tokenization of healthcare assets, decentralized clinical trials, personalized medicine, cross-border healthcare transactions, consent management.. Major trends in the forecast period include personalized medicine advances, enhanced cybersecurity measures, rise of privacy-preserving technologies, integration with artificial intelligence, blockchain consortia in healthcare..
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Market Segmentation:
The block chain in healthcare market covered in this report is segmented -
1) By Type: Permission Blockchains, Permissionless Blockchains
2) By Deployment Type: On-Premise, Cloud-Based
3) By Application: Supply Chain Management, Clinical Data Exchange And Interoperability, Claims Adjudication And Billing Management, Other Applications
4) By End User: Healthcare Providers, Pharmaceutical Companies, Healthcare Payers, Other End-Users
Major Driver - Elevating The Blockchain In Healthcare Market The Role Of Blockchain As A Service (BAAS)
The growing adoption of blockchain as a service (BaaS) is expected to drive the growth of the blockchain in healthcare market going forward. Blockchain technology can provide innovative solutions to the challenges faced by the healthcare industry which include supply chain management, smart contracts, the confidentiality of personal health information, technical issues in data management, enabling alternative payment models, and virus outbreak tracking. For instance, in March 2021, Moderna, a drugs manufacturing company, and IBM announced the collaboration to improve and strengthen COVID-19 vaccination management. Moderna can get information on real-time tracking of vaccination using IBM's blockchain and artificial intelligence to reduce supply chain disruptions. Therefore, the growing adoption of blockchain as a service (BaaS) propels the growth of the blockchain in healthcare market.
Competitive Landscape:
Major companies operating in the block chain in healthcare market report are International Business Machines Corporation (IBM), Factom Inc., Hashed Health LLC, Microsoft Corporation, iSolve Technologies Inc., Blockpharma Inc., Medicalchain. com Ltd, Guardtime Limited, Government e Marketplace, Patientory Inc., FarmaTrust, SimplyVital Health Inc., Akiri Inc., BurstIQ Inc., Professional Credentials Exchange Inc., Avaneer Health Inc., RoboMed Innovations, Embleema Inc., Coral Health Inc., PokitDok Inc., Briya Inc., Open Health Network, Labrys Inc., Tech Alchemy Limited, Cubix Corporation, SoluLab Inc., EncrypGen Inc., Clinicoin Inc., BlockPill Inc., DNAtix Ltd.
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Top Trend - Technology Advancements Redefining The Landscape Of Blockchain In Healthcare
The advancements in technology are significantly shaping the blockchain in healthcare market. As there is a growing demand for blockchain technology, the key players operating in blockchain in the healthcare market are focusing on developing advanced technological solutions for the healthcare industry to strengthen their position in the market. For instance, in May 2021, Nebula Genomics, a US-based privacy-focused personal genomics service company launched the world's first genomic NFT - blockchain. The NFT is a unique and irreplaceable representation of a digital or physical object and the human genome which provides an exciting opportunity for an NFT.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Block Chain In Healthcare Market Characteristics
3. Block Chain In Healthcare Market Trends And Strategies
4. Block Chain In Healthcare Market - Macro Economic Scenario
5. Block Chain In Healthcare Market Size And Growth
…..
27. Block Chain In Healthcare Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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