Data Bridge Market Research analyses that the blockchain for healthcare market is expected to grow at a CAGR of 72.0% during the forecast period. The “drug supply chain management” accounts for the largest application segment in the blockchain for healthcare market within the forecasted period.
Home healthcare provides the healthcare services for any illness or sickness in homecare settings whereas the hospice provides comprehensive comfort care as well as support for the family. Home healthcare treats sickness, wounds or disease and improve health results of the patient whereas the hospice healthcare aims at the supervision, comfort and wellbeing of patients with a serious sickness who have a short lifespan.
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Key Growth Drivers:
Increasing Incidence Of Healthcare Data Breaches
The increasing incidence of healthcare data breaches along with the increasing concern about the confidential information of patients are the most significant factor driving the growth for this market. Healthcare data breaches frequently expose highly sensitive information, ranging from personally identifiable information like social security numbers, names, and addresses to sensitive health information like Medicaid ID numbers, insurance information and patients' medical histories.
Moreover, the increasing threat of counterfeit drugs, increasing adoption of blockchain as a service (BaaS), and transparency and immutability of the distributed ledger technology are also expected to fuel market growth. The use of blockchain to reduce IT and operational costs in insurance process and increasing government initiatives and growing investments in the development of efficient healthcare record systems also cushions the market’s growth within the forecasted period.
The report emphasizes the participation of key entities, notably:
The countries covered in the blockchain for healthcare market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia,
Report Scope:
Analysis of market trends influencing the beverage stabilizers market's growth.
Examination of trends within key regional and country-level markets based on type, function, and application.
Providing a comprehensive overview of the Blockchain for Healthcare Market .
Evaluation of historical, current, and projected market sizes in terms of volume and value.
Offering a neutral perspective on market performance.
Essential information for market players seeking to maintain and expand their market presence.
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Key players:
IBM, Microsoft, Guardtime., Gem, Hashed Health, Chronicled, iSolve, LLC, Patientory Inc., accumulatenetwork, factomprotocol., Medicalchain SA., Proof.Works, Blockchain AI Solutions Ltd, Change Healthcare, and Doc.ai, Inc, among others.
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