Global Blockchain In Healthcare Market Forecast 2019-2027
NEW YORK, Jan. 9, 2019 /PRNewswire/ — KEY FINDINGS
Blockchain in the healthcare market is the application of the said technology in the healthcare sector. Global blockchain in the healthcare market is assessed to grow with 47.23% CAGR during the forecast years of 2019- 2027. The fact that there is not only transparency upon this technology’s usage, but also solid protection against cyber attacks are pushing the adoption of the blockchain technology in the healthcare sector and also is driving the market growth worldwide.
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MARKET INSIGHTS
There are many prominent investors and investees in blockchain technology that is aiding the growth of the global healthcare blockchain market since the knowledge of the benefits and power of blockchain are being understood by various entrepreneurs.Blockchain within the healthcare industry will encompass humongous data of medical records, images, documents, respective transaction details and lab reports which require a significant amount of storage space, for which every member included in the chain must regularly invest for the exceeding storage capacity.
This is deliberated to hinder the market growth for blockchain in the healthcare application. The global blockchain in the healthcare market is segmented by organization size, blockchain type and application.
REGIONAL INSIGHTS
The global market for blockchain in the healthcare industry is also geographically segmented into various regions to get a clear understanding of the respective market trends.North America, Europe, Asia Pacific and the countries from the Rest of the World are considered for this report.
The North American region hosts the dominant market for blockchain in the healthcare industry by market share mainly because of the extensive healthcare market in the United States and technological advancements made with upgraded IT infrastructure in this region. The employment of blockchain in the Canadian healthcare system is expected to reduce single-payer healthcare costs and waiting periods.
COMPETITIVE INSIGHTS
The market players of the global blockchain in healthcare market are utilizing organic and inorganic strategies for their growth. Change Healthcare, Chronicled, Inc., Factom, Inc., FarmaTrust, Hashed Health, Healthereum, LLC, International Business Machines Corporation, iSolve, Microsoft Corporation, Medicalchain SA, Patientory, Inc., PokitDok, Inc., Proof.Work, SimplyVital Health Inc. and SkyCell AG are some of the competing market players in the global market.
Companies mentioned
1. CHANGE HEALTHCARE
2. CHRONICLED, INC.
3. FACTOM INC.
4. FARMATRUST
5. HASHED HEALTH
6. HEALTHEREUM, LLC
7. INTERNATIONAL BUSINESS MACHINES CORPORATION
8. ISOLVE
9. MICROSOFT CORPORATION
10. MEDICALCHAIN SA
11. PATIENTORY, INC.
12. POKITDOK, INC.
13. PROOF.WORK
14. SIMPLYVITAL HEALTH INC.
15. SKYCELL AG
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