Comprehensive analysis of the latest trends and developments

The global blockchain in healthcare market size is expected to grow from USD 55.9 million in 2020 to USD 1,666.7 million by 2026, at a CAGR of 67.5% during the forecast period. The increasing use of electronic health records (EHR), strict regulations on data privacy and security, and the need for interoperability between health data are the key factors driving the market growth.

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Blockchain technology has disrupted various industries by offering decentralized, secure and transparent solutions. In recent years, healthcare has explored the potential of blockchain technology to improve data processing, patient privacy, supply chain management and clinical trials. This market research report aims to analyze the current market scenario, growth opportunities and future trends in blockchain technology in the healthcare sector.

Key Applications:

Blockchain technology is being implemented in various health applications such as clinical trial processing, record keeping, drug supply chain management and telemedicine. The clinical trial management segment is expected to hold the largest market share during the forecast period, owing to the need for transparency and security in the drug development process. The medical record keeping segment is also expected to witness significant growth due to the increasing demand for interoperability and accessibility of patient data.

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Regional Analysis:

North America is expected to hold the largest market share in healthcare blockchain over the forecast period, owing to the presence of large healthcare providers, increasing use of EHRs, and stringent regulations on patient data privacy and security. Europe is expected to witness significant growth due to the increasing government initiatives and funding of blockchain-based healthcare projects. The Asia Pacific region is also expected to witness significant growth due to the increasing demand for cost-effective and safe healthcare services.

Challenging landscape:

The blockchain in the healthcare sector is highly competitive, with the presence of various startups and established players. Some of the key players operating in the market are IBM Corporation, Microsoft Corporation, Guardtime, PokitDok, Gem, Factom, Chronicled, Patientory, and Hashed Health. These players are focusing on strategic partnerships, collaborations and product launches to expand their market presence and offer innovative blockchain-based solutions to the healthcare sector.

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Delivering forecasts together with statistical analysis of the operational effects on business has been our top priority. With the constant development in the research & development industry, we have always challenged the conventional research methodologies and discovered new research tactics to develop the increasing B2B demands.

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