Market trends and latest developments

The global blockchain technology in the healthcare sector was valued at USD 173.23 million in 2020 and is expected to reach USD 5.61 billion by 2026, growing at a CAGR of 65.8% during the forecast period. Blockchain technology has the potential to transform the healthcare sector by enabling secure and efficient sharing of healthcare data across various stakeholders. The technology can help reduce fraud, improve patient outcomes, improve data interoperability and streamline administrative processes. The healthcare sector’s blockchain market is expected to grow significantly over the next few years.
Get a try on:-

Market drivers:

The key factors driving the growth of the healthcare blockchain market are increasing adoption of blockchain technology by healthcare providers and pharmaceutical companies, increasing demand for secure and interoperable healthcare data exchange, and increasing investment in blockchain-based healthcare startups.

Market Segmentation:

Based on application, the healthcare blockchain market is segmented into clinical data exchange and interoperability, claims adjudication and billing management, drug supply chain management, clinical trials, and others. The clinical data exchange and interoperability segment is expected to hold the largest market share during the forecast period.

To get a discount on:-

Regional Analysis:

North America is expected to hold the largest market share in the healthcare blockchain market owing to the presence of major healthcare IT companies and growing adoption of blockchain technology in the region. Europe and Asia Pacific are also expected to witness significant growth during the forecast period.

Recent developments:

• In 2021, Amazon Web Services (AWS) announced the launch of Amazon HealthLake, a HIPAA-eligible service that uses machine learning to extract meaningful medical information from unstructured data and store it in a structured, centralized AWS data lake.
• In 2020, IBM Watson Health and KPMG announced the launch of a blockchain-enabled platform for healthcare payers and providers to securely manage healthcare data.

Customization Request:-

Key blockchain technology in the health sector players:-

• PharmaTrust
• Duty time
• Fact
• Hashed health
• PokitDoc
• Medical chain
• Chronicled
• iSolve
• IBM
• SimplyVital Health
• Blockpharma
• Patient
• Save
• Work
• Microsoft

To access the full report:

About us.
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.

Direct contact
Jessica Joyal
+1(213)338-8279 | +1(877)376-9989
Email – [email protected]
Website –