Blockchain in Pharma Supply Chain Market was valued at USD 1.64 Billion in 2022 and is projected to reach USD 6.36 Billion by 2030, growing at a CAGR of 18.2% from 2024 to 2030.
The global Blockchain in Pharma Supply Chain market was valued at approximately $400 million in 2022. This market is expected to witness significant growth, with a compound annual growth rate (CAGR) of around 30% from 2023 to 2028. The adoption of blockchain technology in the pharmaceutical supply chain offers substantial benefits including enhanced traceability, improved security, and streamlined operations. These factors are driving market expansion as pharmaceutical companies and stakeholders increasingly recognize the value of transparent and tamper-proof systems for managing the complexities of drug distribution.
Opportunities within this market are abundant as pharmaceutical companies seek to address challenges related to counterfeit drugs, regulatory compliance, and inefficiencies in supply chain management. Emerging markets are particularly promising, as regions with developing pharmaceutical industries are beginning to implement blockchain solutions to modernize their supply chains. Additionally, advancements in blockchain technology, coupled with growing investments and strategic partnerships, are likely to accelerate market growth. As technology evolves and regulatory landscapes adapt, the blockchain in pharma supply chain sector is poised for substantial expansion in both established and emerging markets.
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IBM
AWS
Microsoft
SAP
Chronicled
Doc.AI
Embleema
Factom Inc.
FarmaTrust
Guardtime Federal
Hashed Health
Medicalchain
Huawei
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 Global Blockchain in Pharma Supply Chain Market
Supply Chain Management
Drug Development
Clinical Trials
Internet of Medical Things (IOMT) & Cyber Security
Other Applications
Based on Types the Market is categorized into Below types that held the largest Blockchain in Pharma Supply Chain market share In 2023.
Public Blockchain
Private Blockchain
Global (United States, Global 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 Global Blockchain in Pharma Supply Chain 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. Global Blockchain in Pharma Supply Chain Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Blockchain in Pharma Supply Chain Market, By Type
6. Global Blockchain in Pharma Supply Chain Market, By Application
7. Global Blockchain in Pharma Supply Chain Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Blockchain in Pharma Supply Chain Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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