Global Block Chain In Healthcare Market Data 2024, Forecast To 2033
15 Feb, 2024
The blockchain in healthcare market has experienced exponential growth, surging from $1.65 billion in 2023 to $2.27 billion in 2024, reflecting a compound annual growth rate (CAGR) of 37.6%. Historical growth is attributed to interoperability challenges, fraud prevention, patient empowerment, clinical trials, and immutable record-keeping. Forecasts suggest continued exponential growth to $7.97 billion in 2028, driven by the tokenization of healthcare assets, decentralized clinical trials, personalized medicine, cross-border healthcare transactions, and consent management. Key trends include advances in personalized medicine, enhanced cybersecurity measures, privacy-preserving technologies, and integration with artificial intelligence.
Global Block Chain In Healthcare Market Key Driver
The growing adoption of blockchain as a service (BaaS) is expected to drive the growth of the blockchain in healthcare market. Blockchain technology provides solutions to challenges in the healthcare sector, including supply chain management, data confidentiality, and outbreak tracking. Collaborations between companies like Moderna and IBM showcase the potential for blockchain in healthcare applications.
Get A Free Sample Of The Global Block Chain In Healthcare Market ReportGlobal Block Chain In Healthcare Market Segments
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
By Geography: The regions covered in the template market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions.
North America was the largest region in the blockchain in healthcare market in 2023. The regions covered in the block chain in healthcare market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Major Block Chain In Healthcare Industry Players
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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Block Chain In Healthcare Market Overview
Blockchain is an immutable shared ledger that records, maintain, secures data sharing and access between multiple parties.
Block Chain In Healthcare Global Market Report 2023 provides data on the global block chain in healthcare market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The block chain in healthcare market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.