Blockchain Technology in Healthcare Market: Driving Innovation and Efficiency | CAGR 40.8%
Blockchain Technology in Healthcare Market– Global Outlook and Forecast 2023-2030 is latest research study released by Allied Market Research evaluating the market risk side analysis, highlighting opportunities and leveraged with strategic and tactical decision-making support (2023-2030). The market Study is segmented by key a region that is accelerating the marketization. The report provides information on market research and development, growth drivers, and the changing investment structure of the Global Blockchain Technology in Healthcare Market. Some of the key players profiled in the study are Akiri, Avaneer health, BurstIQ, Crystalchain, Change Healthcare, Chronicled, Equideum Health, Embleema, Farma Trust, Guardtime, Hashed Health, International Business Machines Corporation (IBM), iSolve, Medical Chain, Oracle Corporation, Patientory, Proof.Works. The global Blockchain Technology in Healthcare market is estimated to reach $16.30 billion by 2031, growing at a CAGR of 40.8% from 2022 to 2031.
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Blockchain Technology in Healthcare Market Outlook 2020-2030
The market for blockchain technology in healthcare can be classified into two types: private and public. In 2021, the public segment held the larger market share, as public blockchains are open to everyone. However, the private segment is expected to experience a higher compound annual growth rate (CAGR) of 41.2% during the forecast period, due to its enhanced safety features and scalability. The private segment can be further categorized into fully private and consortium, with the latter generating the most revenue in 2021 and expected to have the highest CAGR of 41.6% during the forecast period, thanks to its heightened security measures.
The market can also be segmented based on application into four categories: supply chain management, data exchange and interoperability, claims adjudication and billing management, and others. Supply chain management was the dominant segment in 2021, as many pharmacies adopted it as part of their systems. Data exchange and interoperability is expected to witness the highest CAGR of 41.4% during the forecast period, due to an increase in secure patient data exchanges.
Finally, the market can be divided by end user into pharmaceutical companies, healthcare payers, healthcare providers, and others. The pharmaceutical and medical device companies segment held the largest market share in 2021, due to the ability of blockchain technology to combat counterfeit drugs. However, the healthcare payers’ segment is expected to have the highest CAGR of 41.4% during the forecast period, as there is a growing demand for secure health information exchange between providers and payers, leading to improvements in operational efficiency.
Marketing Communication and Sales Channel
Understanding “marketing effectiveness” on a continual basis, help determine the potential of advertising and marketing communications and allow to use of best practices to utilize untapped audience. In order to make marketers make effective strategies and identify why the target market is not giving attention, we ensure the Study is Segmented with appropriate marketing & sales channels to identify potential market size by value & Volume* (if Applicable).
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The segments and sub-section of Blockchain Technology in Healthcare market is shown below:
By Type: Public, Private
By Application: Supply Chain Management, Data Exchange and Interoperability, Claims Adjudication and Billing, Others
By End User: Pharmaceutical and Medical Device Companies, Healthcare Payers, Healthcare Providers
Some of the key players involved in the Market are: Akiri, Avaneer health, BurstIQ, Crystalchain, Change Healthcare, Chronicled, Equideum Health, Embleema, Farma Trust, Guardtime, Hashed Health, International Business Machines Corporation (IBM), iSolve, Medical Chain, Oracle Corporation, Patientory, Proof.Works.
Important years considered in the Blockchain Technology in Healthcare study:
Historical year – 2017-2021; Base year – 2021; Forecast period** – 2022 to 2030 [** unless otherwise stated]
If opting for the Global version of Blockchain Technology in Healthcare Market; then below country analysis would be included:
– North America (USA, Canada and Mexico)
– Europe (Germany, France, the United Kingdom, Netherlands, Italy, Nordic Nations, Spain, Switzerland and Rest of Europe)
– Asia-Pacific (China, Japan, Australia, New Zealand, South Korea, India, Southeast Asia and Rest of APAC)
– South America (Brazil, Argentina, Chile, Colombia, Rest of countries etc.)
– Middle East and Africa (Saudi Arabia, United Arab Emirates, Israel, Egypt, Turkey, Nigeria, South Africa, Rest of MEA)
Introduction about Blockchain Technology in Healthcare Market
Blockchain Technology in Healthcare Market Size (Sales) Market Share by Type (Product Category)
Blockchain Technology in Healthcare Market by Application/End Users
Blockchain Technology in Healthcare Sales (Volume) and Market Share Comparison by Applications
Global Blockchain Technology in Healthcare Sales and Growth Rate (2020-2030)
Blockchain Technology in Healthcare Competition by Players/Suppliers, Region, Type, and Application
Blockchain Technology in Healthcare (Volume, Value, and Sales Price) table defined for each geographic region defined.
Blockchain Technology in Healthcare Players/Suppliers Profiles and Sales Data
Key Raw Materials Analysis & Price Trends
Supply Chain, Sourcing Strategy and Downstream Buyers, Industrial Chain Analysis
……..and view more in complete table of Contents
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