Blockchain in the healthcare market
Allied Market Research recently published a research study titled “Blockchain in Healthcare Market: Global Outlook and Forecast 2023-2032.” This comprehensive study provides a thorough analysis of market risks, identifies profitable opportunities, and provides strategic and tactical decision support over the period 2023-2032. The market analysis is segmented by key regions driving the marketization process. This report provides valuable insights into the global blockchain research and development status, growth catalysts, and evolving investment frameworks in the Healthcare market. Additionally, the study covers key market players such as Akari, Avanier Health, BurstIQ, Crystalchain, Change Healthcare, Chronicled, Equideum Health, Embleema, Farma Trust, Guardtime, Hashed Health, International Business Machines (IBM), iSolve, Medical, etc. Profile the range. Chain, Oracle, Patientory, Proof.Works.
Read more: https://www.alliedmarketresearch.com/blockchain-technology-in-the-healthcare-market-A10259
Blockchain technology in the healthcare market: Blockchain technology in the healthcare market was valued at $531.19 million in 2021 and is estimated to reach $16.3 billion by 2031, and from 2022 to 2031. Growing at a CAGR of 40.8%.
Blockchain in healthcare market growth drivers:
1. Data Security and Privacy: Blockchain technology offers robust data security and privacy features, making it highly attractive to healthcare organizations. The decentralized and immutable nature of blockchain keeps sensitive patient data secure and tamper-proof, reducing the risk of data breaches and unauthorized access.
2. Interoperability and Data Exchange: Blockchain facilitates the seamless and secure exchange of medical data between various parties such as healthcare providers, patients, insurance companies, and researchers. By establishing a standardized and interoperable platform, blockchain eliminates the need for intermediaries and enables efficient data sharing, leading to improved collaboration and patient care.
3. Medical Records Management: Blockchain will revolutionize the management of electronic health records (EHRs). Storing EHRs on blockchain gives patients more control over their medical data and allows them to give permission to healthcare providers when needed. This not only enhances access to data, but also eliminates redundant record-keeping systems, reducing costs and administrative burden.
4. Clinical trials and research: Blockchain technology can streamline and strengthen the integrity of clinical trials and research studies. By leveraging smart contracts on blockchain, researchers can ensure the transparency, traceability, and accuracy of clinical trial data, reduce fraud, and improve the reliability of research results. Blockchain can also facilitate the sharing of research results and enable data-driven insights.
5. Supply Chain Management: Pharmaceutical supply chains face challenges such as counterfeit medicines, product recalls, and inefficient tracking. Blockchain provides end-to-end visibility and traceability in the supply chain, enabling the secure tracing of medicines from manufacturer to patient. This improves drug safety, reduces counterfeits and improves efficiency across the supply chain.
6. Revenue Cycle Management: Blockchain-based solutions can streamline revenue cycle management processes by automating claim adjudication, reducing billing errors, and accelerating payment cycles. Smart contracts can be used to automate and enforce contractual terms between providers and payers, improving billing accuracy and reducing administrative overhead.
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The segments and subsections of blockchain in the healthcare market are listed below:
By type: public, private
By application: Supply chain management, data exchange and interoperability, claims adjudication and billing, and more
By end user: Pharmaceutical companies, medical device companies, health insurance payers, healthcare providers
Some of the major companies involved in the market are: Akari, Avanier Health, BurstIQ, Crystalchain, Change Healthcare, Chronicled, Equideum Health, Embleema, Farma Trust, Guardtime, Hashed Health, International Business Machines (IBM), iSolve, Medical Chain, Oracle, Patientory, Proof.Works.
Important years considered in blockchain research in healthcare:
Historic years – 2018-2022. Base year – 2022. Forecast period** – 2022 to 2032 (**unless otherwise stated)
When choosing a global version of blockchain in the healthcare market. In that case, the following country analysis will be included:
– North America (USA, Canada, Mexico)
– Europe (Germany, France, UK, Netherlands, Italy, Nordic countries, Spain, Switzerland, rest of Europe)
– Asia Pacific (China, Japan, Australia, New Zealand, South Korea, India, Southeast Asia, and other APAC)
– South America (Brazil, Argentina, Chile, Colombia, other countries, etc.)
– Middle East and Africa (Saudi Arabia, United Arab Emirates, Israel, Egypt, Turkey, Nigeria, South Africa, Rest of MEA)
Key questions answered in this study:
1) Why does blockchain in the healthcare market enable long-term investment?
2) What will be the impact of the factors driving the demand for blockchain in healthcare in the coming years?
3) Which regions are likely to see rapid CAGR and YOY growth?
4) In which regions is the demand for your product/service higher?
5) What opportunities will emerging regions provide for existing and new blockchain entrants in the healthcare market?
6) What strategies do leading companies use to gain share in mature markets?
7) Do you know the value chain areas where players can create value?
8) What is the impact analysis of various factors on the growth of global Blockchain in Healthcare market?
9) Risk-side analysis associated with service providers?
Introduction to blockchain in the healthcare market
Blockchain market size in healthcare (sales) Market share by type (product category)
Blockchain in Healthcare Market by Application/End User
Comparison of blockchain sales (volume) and market share by application in healthcare
Global Blockchain Sales and Growth Rate in Healthcare (2022-2032)
Blockchain in Healthcare Competition by Players/Suppliers, Region, Type and Application
Healthcare blockchain (quantity, value, and sales price) tables defined by defined geographic regions.
Blockchain in healthcare personnel/supplier profiles and sales data
Main raw materials analysis and price trends
Supply chain, procurement strategy and downstream buyers, industrial chain analysis
…See more details with complete table of contents
Procurement completion report @ https://www.alliedmarketresearch.com/checkout-final/2f821b9d9ad9c5d2bf83a95400b29283
Thank you for reading this article. You can also get sections for individual chapters and report versions for regions such as North America, Latin America, Europe, and Southeast Asia.
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