Blockchain In Healthcare Market Size Estimated to Surge USD 105698.76 million Growth by 2032, Exhibit a CAGR of 71.3% | Key Players- Farma Trust, Guardtime, Hashed Health

The blockchain in healthcare market size is projected to be valued at USD 832.25 million in 2023 and is expected to rise to USD 105698.76 million by 2032. The market is expected to register a CAGR of 71.3% during the forecast period from 2024 to 2032.

𝐕𝐚𝐫𝐢𝐨𝐮𝐬 𝐟𝐚𝐜𝐭𝐨𝐫𝐬 𝐩𝐫𝐨𝐩𝐞𝐥𝐥𝐢𝐧𝐠 𝐭𝐡𝐞 𝐝𝐞𝐦𝐚𝐧𝐝 𝐟𝐨𝐫 𝐛𝐥𝐨𝐜𝐤𝐜𝐡𝐚𝐢𝐧 𝐢𝐧 𝐡𝐞𝐚𝐥𝐭𝐡𝐜𝐚𝐫𝐞 𝐢𝐧𝐜𝐥𝐮𝐝𝐞:

• Because of the increasing amount of attacks on various healthcare providers, the governments of the United States and the United Kingdom have made significant investments to ensure that all health records are digitized.
• The availability of experienced professionals with the appropriate technical expertise to manage technology in the medical industry may aid industrial growth.
• The rising prevalence of healthcare data breaches, the problem of counterfeit drugs, the growing acceptance of blockchain as a service (BaaS), and the visibility and immutability of distributed ledger technology are the primary factors driving market growth.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐀 𝐑𝐞𝐩𝐨𝐫𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐓𝐨 𝐆𝐚𝐢𝐧 𝐂𝐨𝐦𝐩𝐫𝐞𝐡𝐞𝐧𝐬𝐢𝐯𝐞 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬:
https://www.polarismarketresearch.com/industry-analysis/blockchain-in-healthcare/request-for-sample

𝐖𝐡𝐚𝐭 𝐈𝐬 𝐁𝐥𝐨𝐜𝐤𝐜𝐡𝐚𝐢𝐧 𝐢𝐧 𝐇𝐞𝐚𝐥𝐭𝐡𝐜𝐚𝐫𝐞?

In essence, blockchain technology for healthcare is a decentralized system that uses a peer-to-peer network of personal computers called nodes to record, store, and maintain transactional or historical records. Put another way, it functions like a database and is an open, unchangeable digital ledger. Blockchain is necessary because it is a potent and disruptive technology that has the potential to transform any sector completely.

𝐓𝐨𝐩 𝐂𝐨𝐦𝐩𝐚𝐧𝐢𝐞𝐬:

In this extremely competitive industry, major rivals constantly innovate and differentiate their products in an effort to take the lead in the market. Some of the leading companies in the blockchain in healthcare market:

• Avaneer health Inc.
• Akiri
• IncorporationBurstIQ Corporation
• Crystalchain Incorporation
• Change Healthcare Incorporation.
• Equideum Health Inc.
• Embleema Corporation
• Farma Trust
• Guardtime
• Hashed Health
• iSolve
• LLC IBM Incorporation
• Medical Chain Corporation
• Oracle Corporation
• Patientory
• Inc
• Quest Diagnostics

𝐍𝐞𝐞𝐝 𝐌𝐨𝐫𝐞 𝐅𝐨𝐫 𝐘𝐨𝐮𝐫 𝐁𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐆𝐫𝐨𝐰𝐭𝐡 𝐃𝐢𝐫𝐞𝐜𝐭𝐥𝐲 𝐏𝐮𝐫𝐜𝐡𝐚𝐬𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 𝐇𝐞𝐫𝐞:
https://www.polarismarketresearch.com/buy/1508/2

𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐋𝐚𝐧𝐝𝐬𝐜𝐚𝐩𝐞:

• North America (U.S., Canada)
• Europe (France, Germany, UK, Italy, Netherlands, Spain, Russia)
• Asia Pacific (Japan, China, India, Malaysia, Indonesia, South Korea)
• Latin America (Brazil, Mexico, Argentina)
• Middle East & Africa (Saudi Arabia, UAE, Israel, South Africa)

𝐆𝐫𝐨𝐰𝐭𝐡 𝐃𝐫𝐢𝐯𝐞𝐫𝐬

• Data Security and Privacy Concerns: Increasing incidences of data breaches and the need for secure data exchange in healthcare are driving the adoption of blockchain technology.
• Interoperability Needs: Blockchain can enhance interoperability between different healthcare systems, facilitating seamless data exchange and integration.
• Rising Adoption of EHRs: The growing adoption of electronic health records (EHRs) necessitates robust data management solutions, for which blockchain is well-suited.
• Regulatory Compliance: Blockchain can help healthcare organizations comply with regulations such as HIPAA by providing secure and transparent data management.
• Cost Efficiency: Blockchain can reduce administrative costs by streamlining processes such as claims processing, patient record management, and billing.

𝐑𝐞𝐚𝐝 𝐃𝐞𝐭𝐚𝐢𝐥𝐞𝐝 𝐈𝐧𝐝𝐞𝐱 𝐨𝐟 𝐟𝐮𝐥𝐥 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐒𝐭𝐮𝐝𝐲 𝐚𝐭:
https://www.polarismarketresearch.com/industry-analysis/blockchain-in-healthcare

𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐥 𝐁𝐫𝐞𝐚𝐤𝐝𝐨𝐰𝐧:

The blockchain in healthcare market is mainly segmented based on network type, application, end-use, and region. Based on the application analysis, clinical trials and the eConsent market category are projected to experience the most rapid growth. A variety of blockchain technology implementations aimed at improving clinical trial quality are propelling the clinical trials industry forward.

Furthermore, a network-type analysis indicates that the public market sector will have the biggest market share in 2021. It is growing as more people choose a public blockchain system, which provides numerous benefits such as increased transparency, a decentralized structure, and information recordings.

𝐁𝐥𝐨𝐜𝐤𝐜𝐡𝐚𝐢𝐧 𝐢𝐧 𝐇𝐞𝐚𝐥𝐭𝐡𝐜𝐚𝐫𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐩𝐨𝐫𝐭 𝐇𝐢𝐠𝐡𝐥𝐢𝐠𝐡𝐭𝐬

• Healthcare payers segment is anticipated to witness faster growth over the forecast period. The escalating need for helps prevent problems in information exchange among providers and payers, increased insurance fraud, advancement of medical tourism, and the desire to improve medical organizations' operational efficiency are all driving growth in the medical payers industry.
• Supply chain management segment accounted for a significant revenue share. The growing number of counterfeit drugs in liquidity, as well as the application of restrictive standards, are encouraging the use of blockchain in supply chain operations.
• Asia-Pacific is expected to grow at the highest CAGR over the projected period. Factors such as expanding health systems and the growing need to prevent counterfeit medications from accessing the supply chain are propelling this geographical segment's rise.

𝐄𝐱𝐩𝐥𝐨𝐫𝐞 𝐖𝐢𝐝𝐞-𝐫𝐚𝐧𝐠𝐢𝐧𝐠 𝐂𝐨𝐯𝐞𝐫𝐚𝐠𝐞 𝐨𝐟 𝐏𝐌𝐑'𝐬 𝐇𝐞𝐚𝐥𝐭𝐡𝐜𝐚𝐫𝐞 𝐋𝐚𝐧𝐝𝐬𝐜𝐚𝐩𝐞:

Optical Coherence Tomography (Oct) Market: https://www.polarismarketresearch.com/industry-analysis/global-optical-coherence-tomography-oct-market

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Disinfection And Sterilization Equipment Market: https://www.polarismarketresearch.com/industry-analysis/global-disinfection-and-sterilization-equipment-market

Alzheimer's Therapeutics Market: https://www.polarismarketresearch.com/industry-analysis/alzheimers-therapeutics-market

𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬:

Polaris Market Research
Phone: +1-929-297-9727
Email: sales@polarismarketresearch.com

𝐀𝐛𝐨𝐮𝐭 𝐔𝐬:

Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for PMR's clientele spread across different enterprises. We at Polaris are obliged to serve PMR's diverse customer base present across the industries of healthcare, technology, semiconductors, and chemicals among various other industries present around the world. We strive to provide PMR's customers with updated information on innovative technologies, high-growth markets, emerging business environments, and the latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced, and extremely qualified team of experts comprising SMEs, analysts, and consultants, we at Polaris endeavor to deliver value-added business solutions to PMR's customers.

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