Blockchain Technology in Healthcare – Current Scenario of Growth Analysis with Key Industry Players Proof Works, Patientory, Oracle Corporation

Blockchain Technology in Healthcare – Current Scenario of Growth Analysis with Key Industry Players Proof Works, Patientory, Oracle Corporation



Published June 8, 2023

According to the recent study on global blockchain technology in the healthcare sector published by Report Ocean, the report provides valuable information on market segmentation, regional revenue analysis and growth rate of the leading industry players. It aims to help companies and organizations understand industry growth drivers and make informed decisions regarding their strategies and investments.

The research report gathers the information primarily from authoritative sources such as industry groups, publications, news releases, national customs, annual reports from businesses, expert interviews and paid databases. Using expert research and forecasting tools, the report also offers scientific projections of key development indicators for the sector.

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The global blockchain technology in healthcare sector was at USD 531.1 million in 2021. The global blockchain technology in healthcare sector market size is estimated to reach USD 11550.5 million by 2030, growing at a compound annual growth rate (CAGR) of 40.8% during the forecast period from 2022 to 2030.
A blockchain is a distributed database that is distributed between the nodes of a computer network. It acts as a directory to keep the information in digital form. In the health sector is it used to store and share victims? details among hospitals, diagnostic laboratories, doctors and pharmaceutical companies. It can improve the efficiency, security and availability of the transfer of medical data within the healthcare procedure.

Leading competitors
The prominent players within the global blockchain technology in the healthcare sector are:
? Evidence works
? Patient
? Oracle Corporation
? Medical chain
? Hashed health
? Pharmatrust
? Duty time
? Change the healthcare system
? BurstIQ
? Crystal necklace
? Others

Factors affecting market growth

? The use of blockchain system in the healthcare sector increases data breaches, which is also the leader of market trends driving the overall market growth.
? The increase in the supply of counterfeit medicines also predicts total market growth.
? The lack of a useful set of standards and the complicated nature of technology inhibit the expansion of the global market.

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Study of the COVID-19 pandemic

COVID-19 is expected to have a positive influence on blockchain in the healthcare sector. A large number of hospitals and clinics around the world were restructured to improve hospital capacity for patients analyzed during the pandemic. Non-essential practices took a severe backlog due to rapidly growing pandemic cases. The shutdown led to disruptions in vehicle manufacturing and health services. Other elements responsible for impacting the market include limited availability of medical care, shortage of healthcare professionals, and increase in the hurdle of COVID-19-related hospitalization.

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Regional insight

North America is expected to have the highest growth in overall market share in 2021 and is predicted to lead during the analysis period. This is due to technological developments in blockchain technology, software processes and the integration of advanced technology, the existence of primary players, and advanced infrastructure in the region.

Why buy the market for the following reasons:

⮞The study examines new market trends as well as the likelihood that various trends will affect the expansion.

⮞The analysis also discusses the factors, challenges and opportunities that will have a significant impact on the global industry.

⮞Technological tools and benchmarks that reflect the industry’s expected growth in the industry.

⮞The research includes a detailed analysis of market statistics as well as historical and current growth conditions to provide futuristic growth projections.

⮞The research includes a detailed analysis of market statistics as well as historical and current growth conditions to provide futuristic growth projections.

Segmentation analysis
The Global Blockchain Technology in Healthcare segmentation focuses on type, application, end user, and region.

Segmentation on the basis of Type
? Public
? Private
o Consortium
o Completely private

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Segmentation on the basis of Application
? Supply Chain Management
? Data exchange and interoperability
? Claims processing and invoicing
? Others

Segmentation on the basis of end user
? Health payers
? Health personnel
? Pharmaceutical and medical devices

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Segmentation on the basis of Region

? North America
? Canada
? Mexico
? Europe
? Western Europe
? Great Britain
? Germany
? France
? Italy
? Spain
? The rest of Western Europe
? Eastern Europe
? Poland
? Russia
? The rest of Eastern Europe
? Asia Pacific
? China
? India
? Japan
? Australia and New Zealand
? Rest of Asia Pacific
? Middle East and Africa (MEA)
? Saudi Arabia
? South Africa
? The rest of the MEA
? South America
? Brazil
? Argentina
? The rest of South America

Some of the main questions answered in this report:

What is the market dimension at regional and country level?

What are the key drivers, restraints, opportunities and challenges in the market and how are they expected to impact the market?

What is the international (North America, Europe, Asia-Pacific, South America, Middle East and Africa) revenue value, production value, consumption value, import and export of the market?

Who Are The World Key Manufacturers Of Market Industry? How are their working conditions (capacity, production, sales, price, cost, gross and income)?

What are the market opportunities and threats faced by the carriers in the global market industry?

Which application/end user or product type may also be looking for incremental boom prospects? What is the market share for all types and applications?

What targeted method and limitations does the market hold?

What are the distinct sales, marketing and distribution channels in the world industry?

Full report description, table of contents, table of figures, diagram, etc.-

About Report Ocean:

We are the best provider of market research in the industry. Report Ocean believes in delivering quality reports to clients to achieve top line and bottom line goals that will increase your market share in today’s competitive environment. Report Ocean is a “one-stop solution” for individuals, organizations and industries looking for innovative market research reports.

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Get in touch with us:
Report Ocean:
Email:[email protected]
Address: 500 N Michigan Ave, Suite 600, Chicago, Illinois 60611 – USA Tel: +1 888 212 3539 (USA – TOLL FREE)

This press release is written with the intention of providing accurate market information that will enable our readers to make informed strategic investment decisions. If you discover any problems with this content, please feel free to contact us at [email protected]

Blockchain Technology in Healthcare – Current Scenario of Growth Analysis with Key Industry Players Proof Works, Patientory, Oracle Corporation


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