North America Blockchain Technologies In Healthcare Market was valued at USD 0.3 Billion in 2022 and is projected to reach USD 0.9 Billion by 2030, growing at a CAGR of 13.5% from 2024 to 2030.
Blockchain technology is making significant strides in revolutionizing healthcare systems across North America. With the increasing demand for secure, transparent, and efficient ways to manage patient data, the healthcare sector is exploring the numerous benefits that blockchain offers. By decentralizing data storage and management, blockchain eliminates the risks of unauthorized access and data breaches. This has become increasingly critical as healthcare institutions strive to ensure data privacy and protect sensitive patient information.
One of the key applications of blockchain in healthcare is in electronic health records (EHR). Blockchain ensures that all medical records are stored securely and are accessible only by authorized personnel. The technology also promotes interoperability among healthcare providers, allowing for seamless data exchange and reducing administrative burdens. For example, patients can have their records shared across multiple healthcare providers in real-time, enhancing the quality of care and preventing redundant tests or procedures.
Furthermore, blockchain can play a significant role in the pharmaceutical industry, helping in the tracking and tracing of drugs through the supply chain. This is critical to preventing counterfeit drugs from entering the market. By ensuring that drugs are genuine and correctly stored, blockchain technology is enhancing patient safety and trust in the healthcare system.
Another important application is in insurance claims processing. Blockchain automates and streamlines this process, reducing fraud and administrative costs. The use of smart contracts allows for more efficient handling of claims, ensuring that patients receive the benefits they are entitled to without delay. This can also lead to a reduction in disputes between insurers and healthcare providers.
Industries across North America are increasingly turning to blockchain technology to address the many challenges they face in healthcare. The demand for secure data management, efficient processes, and transparent systems is pushing innovation in the blockchain space, and its potential impact on healthcare is undeniable. The need for robust, reliable solutions continues to grow, positioning blockchain as a transformative force in the healthcare market. The North America Blockchain Technologies In Healthcare Market is rapidly expanding, with significant investment and research focused on further development and integration of these technologies.
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Aetna
Amazon Web Services
Inc.
Cognizant
EMIS Group
Genomes.io
Guardtime
Humana
LunaPBC
MedRec
Oracle
Quest Diagnostics
Rymedi
ShoCard
Spiritus Partners
Synaptic Health Alliance
TimiCoin
WuXi NextCODE
Zenome
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the North America Blockchain Technologies In Healthcare Market
Government
Hospital
Based on Types the Market is categorized into Below types that held the largest Blockchain Technologies In Healthcare market share In 2023.
Drug Supply Chain Security
Health Records Tracking
Others
North America (United States, North America and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the North America Blockchain Technologies In Healthcare Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. North America Blockchain Technologies In Healthcare Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. North America Blockchain Technologies In Healthcare Market, By Type
6. North America Blockchain Technologies In Healthcare Market, By Application
7. North America Blockchain Technologies In Healthcare Market, By Geography
North America
Europe
Asia Pacific
Rest of the World
8. North America Blockchain Technologies In Healthcare Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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