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Blockchain in Healthcare Market Size, Share and Growth Analysis with Key Players - IBM, Microsoft, Gem, Chronicled and More

The report studies the historical data and offers crucial forecast estimations to assist the readers, investors, stakeholders, and businesses to formulate strategic investment plans

 

New York, NY -- (SBWIRE) -- 02/10/2021 -- Blockchain in Healthcare Market

The blockchain is a kind of database that stores data in the form of blocks, and then this data is chained. Blockchain technology is very different from that of the typical database as it stores the information in a completely different way. In the healthcare industry, blockchain has a wide range of applications. From contributing to improving the monitoring devices to improve mobile healthcare applications, blockchain has a great role to play in the healthcare industry. It is also responsible for storing the information in the sector. The global blockchain in healthcare market is expected to reach USD 5.72 billion by 2027, growing at a CAGR of 71.3%. 

The global Blockchain in Healthcare Market is highly competitive. There are many factors that are contributing to the growth. One such factor is the continuous growing awareness about the use of blockchain technology in healthcare applications for keeping the health records of patients. For the implementation of cost-effective healthcare, the blockchain is needed to propel the growth of the market at the global level. Furthermore, the rising concerns of healthcare experts and other professionals to save data in a secure form is driving the market's growth further. 

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The report further studies the significant trends and demands of the market in each key region of the market and analyzes the strategic steps and initiatives taken by the leading companies of the industry. Some of the major companies operating in the Blockchain in Healthcare market and profiled in the report are:

IBM, Microsoft, Gem, Chronicled, Hashed Health, Factom, Guardtime, Pokitdok, Patientory, and Blockpharma, among others.

The report covers the assessment of the historical data of the market to offer key insights into the current and emerging trends in the business sphere. The report considers 2017-2018 as historical years, 2019 as the base year, and 2021-2027 as forecast years. The report also discusses in detail the mergers and acquisitions, collaborations, joint ventures, product launches, brand promotions, corporate and government deals, and partnerships occurring in the market.

The report further segments the market on the basis of product types and application spectrum offered by the market.

Type Outlook (Revenue, USD Billion; 2017-2027)

Permissioned Blockchain
Others

Applications Outlook (Revenue, USD Billion; 2017-2027)

Supply Chain Management
Clinical Data Exchange & Interoperability
Claims Adjudication & Billing Management
Others

End User Outlook (Revenue, USD Billion; 2017-2027)

Pharmaceutical Companies
Healthcare Providers
Healthcare Payers
Others

Regional Landscape

The Asia Pacific region is expected to grow with the fastest CAGR during the coming period. The rising awareness and popularity of blockchain technology is a major reason. Various countries have adopted the technology in various mobile applications to deliver better facilities to patients. 

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TOC -
Chapter 1. Market Synopsis

    1.1. Market Definition

    1.2. Research Scope & Premise

    1.3. Methodology

    1.4. Market Estimation Technique

Chapter 2. Executive Summary

    2.1. Summary Snapshot, 2019-2027

Chapter 3. Indicative Metrics

Chapter 4. Blockchain in Healthcare Market Segmentation & Impact Analysis

    4.1. Blockchain in Healthcare Market Material Segmentation Analysis

    4.2. Industrial Outlook

Continued……….

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The report is a qualitative and quantitative research study that offers key insights into the latest strategic steps and tactics undertaken by the industry players to gain a robust footing in the market. The report further offers strategic recommendations to the new and emerging players and established companies to help them overcome the barriers of the industry. The report also covers a comprehensive SWOT analysis and Porter's Five Forces analysis to offer a better understanding of the Blockchain in Healthcare market and its competitive landscape.

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