$16.30B Growth Expected in US Healthcare Blockchain Technology | Global Opportunities and Forecasts, 2021–2031
According to the report published by Allied Market Research, the global Blockchain technology in the healthcare sector generated USD 531.19 million in 2021, and is projected to reach USD 16.30 billion by 2031, growing at a CAGR of 40.8% from 2022 to 2031. The report offers a detailed analysis of the top winning strategies, developing market trends , market size and estimates, value chain, key investment pockets, drivers and opportunities, competitive landscape and regional landscape. The report is a useful source of information for new entrants, shareholders, frontrunners and shareholders in introducing necessary strategies for the future and taking essential steps to significantly strengthen and raise their position in the market.
What are the upcoming trends of Blockchain technology in the healthcare sector in the world?
Rapid increase in the incidence of data breaches, increase in the supply of counterfeit medicines are the upcoming trends in blockchain technology in the healthcare sector.
What is the leading application of Blockchain technology in the healthcare sector?
Supply chain management is the leading application of blockchain technology in the healthcare sector.
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Value proposition related to the report:
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- Extensive quantitative and qualitative insight at segment and sub-segment level
- Covid 19 affects trends and perspective
- Granular insights at global/regional/country level
- Deep-rooted insight into market dynamics (drivers, constraints, opportunities) and business environment
- General coverage of the competitive landscape
- Winning imperatives
- Comprehensive coverage of ‘Strategic Developments’ registered by leading players in the market
Covid-19 situation –
- The outbreak of COVID-19 had a positive impact on the growth of the global blockchain technology in the healthcare sector, due to the accelerated adoption of cutting-edge technologies such as blockchain in the healthcare sector.
- The demand for healthcare services is increasing exponentially as more and more people around the world were increasingly infected by the deadly virus and therefore various healthcare services in several nations made effective use of blockchain technology. This was done to significantly improve effective resource and operational planning.
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Based on type, the public sector has the largest share of the market in 2021, holding more than half of the global market. The private sector, on the other hand, is expected to quote the fastest CAGR of 41.2% during the forecast period. Also, the group is expected to maintain its status during the forecast period.
Based on application, the supply chain management segment has a dominant market share in 2021, holding nearly two-fifths of the global market, and is expected to maintain its position in ‘prophetic period. On the other hand, data exchange and social networking is expected to quote the fastest CAGR of 41.4% during the forecast period.
Major Key Market Players in the Industry –
- Akiri, Inc.,
- Avaneer health, Inc.,
- BurstIQ,
- Crystalchain,
- Change Healthcare, Inc.,
- Chronicled,
- Equideum Health,
- Embleema,
- Farma Trust,
- Guardtime,
- Hashed Health,
- International Business Machines Corporation (IBM),
- iSolve, LLC,
- Medical Chain SA,
- Oracle Corporation,
- Patientory, Inc, and
- Works
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Market: By Region Outlook
- North America (U.S., Canada, Mexico)
- Europe (UK, Germany, France, Spain, Italy, Rest of Europe)
- Asia-Pacific (China, Japan, India, Australia, South Korea, Rest of Asia-Pacific)
- LAMEA (Brazil, South Africa, Turkey, Saudi Arabia, Rest of LAMEA)
Important Questions Being Answered by This Market Report Are –
Q1. Which is the largest regional market for Blockchain Technology in Healthcare?
Q2. What is the estimated industry size of Blockchain Technology in Healthcare?
Q3. Which are the top companies to hold the market share in Blockchain Technology in Healthcare?
Q4. What is the base year of Blockchain Technology in Healthcare Market?
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Key findings of the study –
- By type, the public segment was the highest contributor to the market in 2021.
- By application, the supply chain management segment was the highest contributor to the market in 2021.
- Depending on end user, the pharmaceutical and medical device companies’ segment was highest contributor in 2021, and is expected to continue this trend during the forecast period.
- Region wise, North America garnered the largest revenue share in 2021, whereas Asia-Pacific is anticipated to grow at the highest CAGR during the forecast period.
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