Industry Background:
Blockchain in Healthcare is an effective technology that can help prevent data breaches in the healthcare industry. It is a secure and reliable method of storing, recording, and sharing sensitive information. The development in providing efficient healthcare services is heavily dependent on advances in information technology, particularly in the ability to record and store information easily and economically and share it securely among disparate applications and systems.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
High Growth Market | Asia- Pacific |
Unit | Value (USD Million) |
Key Companies Profiled | IBM (United States), Microsoft (United States), Guardtime (Estonia), Gem (United States), Chronicled (United States), PokitDok (United States), iSolve (United States), Hashed Health (United States), Patientory (United States) and Factom (United States) |
This growth is primarily driven by Growing Threat of Counterfeit Drugs and Transparency & Immutability of the Distributed Ledger Technology.
Globally, a noticeable market trend is evident Growing Adoption of Blockchain as a Service (BaaS)
The Internet Software & Services sector in the North America region has been increasing at a sustainable rate, and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as IBM (United States), Microsoft (United States), Guardtime (Estonia), Gem (United States), Chronicled (United States), PokitDok (United States), iSolve (United States), Hashed Health (United States), Patientory (United States) and Factom (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new product launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies.
Key Developments in the Market:
In January 2019, Aetna, Anthem, Health Care Service Corporation (HCSC), PNC Bank, and IBM announced a new collaboration to design and create a network using blockchain technology to improve transparency and interoperability in the healthcare industry.
In 2018, Microsoft and Viant, along with GSK, formed a consortium named Viant Blockchain Program with the aim of accelerating the adoption of blockchain-based supply chains in various industries, including healthcare.
Influencing Trend:
Growing Adoption of Blockchain as a Service (BaaS) and Cost-Effective & Secured Data Interoperability through Blockchain
Market Growth Drivers:
Growing Threat of Counterfeit Drugs and Transparency & Immutability of the Distributed Ledger Technology
Challenges:
Absence of Awareness & Understanding and Technical Challenges Pertaining to Scalability
Restraints:
Reluctance to Disclose Data and Absence of A Central Entity & Common Set of Standards
Opportunities:
Significant Increase in Funding Through Venture Capital Investments & Initial Coin Offering (ICO)
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Blockchain in Healthcare Market
- Analysis about New Entrants in Blockchain in Healthcare Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Blockchain in Healthcare Study Sheds Light on
The Blockchain in Healthcare Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Blockchain in Healthcare industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Blockchain in Healthcare industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.