DataIntelo Presents Comprehensive Forecast Report on Global Healthcare Blockchain Market

PUNE, India, 13 June 2023 /PRNewswire/ — DataIntelo, a leading market research and consulting firm, recently released the publication of its comprehensive forecast report on Global Healthcare Blockchain Market by type, application, end user, technology and region for the period 2021-2031. The exhaustive study provides valuable insights into the global Healthcare Blockchain industry’s current growth trends, major players, and future prospects.

The global Healthcare Blockchain market is expected to experience significant growth during the forecast period due to increasing adoption of Healthcare Information Technology (HIT), the need to reduce healthcare costs and improve overall efficiency. The adoption of blockchain technology in the healthcare sector is also expected to be driven by an increased need for secure data exchange and the growing demand for patient identity management.

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The scope and methodology of the report

The forecast report on the Global Healthcare Blockchain Market consists of:

• Market size estimates, growth rates and CAGRs in terms of value and volume for the period 2021-2031.

• Segmentation by type: public, private and consortium blockchain.

• Segmentation by Application: Data Exchange, Supply Chain Management, Claims Adjudication and Patient Identity Management.

• Segmentation by end user: Hospitals, clinics, research institutes, payers and pharmaceutical companies.

• Segmentation by technology: Smart contracts and consensus mechanisms.

• Segmentation by regions: North America, Europe, Asia Pacific, Latin Americaand Middle East & Africa.

The research methodology used by DataIntelo for the forecasting study includes primary and secondary data sources such as financial reports, business publications, trade association reports, press releases, regulatory databases and public databases. The collected data is then subjected to a rigorous multi-layered validation process, ensuring the highest levels of accuracy and reliability in the final report.

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The main findings

The forecast report predicts the following key trends and salient findings in the global Healthcare Blockchain market:

1. Increased need for data security and privacy: The growing volume of sensitive patient data being collected and shared requires robust and secure data processing solutions, driving the use of blockchain technology in the industry.

2. Blockchain-based supply chain management gains traction: The blockchains decentralized and transparent nature is essential to ensure transparency in supply chain management in the pharmaceutical industry, reduce the risk of counterfeit drugs and accurately track drug distribution.

3. The use of smart contracts: Smart contracts enable the execution of agreements without intermediaries and gain prominence when it comes to settling claims, streamlining the process and reducing settlement time.

Geographical analysis

The global Healthcare Blockchain market is segmented into five main regions: North America, Europe, Asia Pacific, Latin Americaand Middle East & Africa. The regional analysis section of the report provides insight into the adoption and growth trends of the Healthcare Blockchain market across these geographic regions. North America is expected to dominate the market during the forecast period due to high adoption of advanced technologies, well-established healthcare infrastructure, and favorable government initiatives to promote the adoption of blockchain technology in the region.

Asia Pacific expected to be the fastest growing region in the forecast period, primarily driven by emerging economies such as India and Chinaincrease awareness of digital health solutions and increasing investments in the health sector.

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Challenging landscape

The competitive landscape section of the report offers an in-depth analysis of major players operating in the global Healthcare Blockchain market. The section highlights the company overview, the product/service portfolio, the latest developments and important strategic initiatives from market players such as:

• IBM Corporation

• Microsoft Corporation

• Guardtime Health

• PokitDok, Inc.

• Save Health

• Medicalchain SA

• Isolve LLC

• Chronicled Inc.

• Healthereum LLC

The global Healthcare Blockchain market is highly fragmented due to the presence of a number of well-established international and local players using various strategies such as collaborations, mergers and acquisitions, partnerships and joint ventures to gain a competitive edge in the market.

The Global Healthcare Blockchain Market Forecast Report by DataIntelo offers an invaluable resource for market players, investors and stakeholders to understand the current growth dynamics, identify market opportunities and implement appropriate strategies to exploit them. The latest developments and future projections provide a roadmap for overcoming challenges and harnessing the enormous potential of blockchain technology in the healthcare sector.

About Dataintelo

Dataintelo is a recognized market research firm that offers comprehensive market analysis and intelligence solutions. With a vision to empower decision makers and transform businesses, Dataintelo delivers actionable insights and market forecasts to help clients stay ahead of the competitive landscape. The company’s skilled and experienced analysts utilize their in-depth knowledge of a range of industries to deliver accurate and reliable research reports.

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SOURCE Dataintelo