BLOCKCHAIN TECHNOLOGY IN HEALTHCARE MARKET SIZE, TRENDS & ANALYSIS – FORECASTS TO 2025

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GLOBAL MARKET ESTIMATES RESEARCH
CONSULTANTS Ankita Roy, Treesha Banerjee and
Liza Dsouza from Global Market Estimates throw
the spotlight on the growing Blockchain
Technology in Healthcare. Market Insights The
global market for blockchain technology in
healthcare is expected to grow at a high CAGR
over the forecast period. The market is expected
to be influenced by its increased potential to
eliminate major challenges pertaining to the
global healthcare industry, without tampering
patient data privacy and security.
Implementation of blockchain technology is also
likely to have a positive impact on medical
tourism. Blockchain technology is anticipated to
see an immense growth potential in the healthcare
industry over the coming years. Increasing
demand for healthcare services along with an
enhanced patient care delivery system and
growing emphasis on patient health management is
likely to accentuate the demand for blockchain
technology in the overall healthcare
industry. The slow adoption of technology among
the healthcare centers is likely to hinder the
growth of blockchain technology in the
healthcare industry. The market is also likely to
be hampered by the high initial cost of adopting
blockchain and its integration with the existing
technology. However, Healthcare providers are
incorporating blockchain technology to manage
electronic medical records and clinical trials
data while adhering to regulations, thereby
driving the market growth.
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GLOBAL MARKET ESTIMATES RESEARCH
CONSULTANTS Blockchain Technology in Healthcare
Market Organization-Size Insights The blockchain
technology in the healthcare market is divided
into Small Medium Enterprises and Large
Enterprises, based on organization size. SMEs are
more likely to incorporate blockchain solutions
as it reduces transaction costs and ensures
smooth workflow of the system. The demand for
blockchain solutions among the organizations is
likely to grow over the forecast period
attributing to its cost-effective and
time-efficient features. Blockchain Technology
in Healthcare Market Application Insights The
market is segmented into medical case management,
drug development supply chain integrity,
claims billing management, and data
interoperability among others, based on
application. Blockchain finds huge application in
medical case management as it provides enhanced
electronic medical records which allow providers
to securely access patients data, hence avoiding
the complexity associated with the
procedure. The technology also simplifies claims
and billing management by eliminating the need
for intermediaries between hospitals,
physicians, insurers, and patients. Blockchain
also increases transparency and accountability
as it allows retailers, wholesalers,
distributors, and manufacturers to track the
transfer of materials across the
globe. Blockchain Technology in Healthcare
Market Regional Insights North America accounted
for the largest revenue share of the overall
market in 2016. This regional growth is
attributed to the rapid adoption of advanced
technologies in countries such as the U.S., and
Canada. The U.S. has been one of the largest
contributors to the overall regional
growth. Also, the increased number of geriatric
population in North American countries created a
demand for faster diagnosis treatment, digital
health systems, and complete care delivery system
which is anticipated to propel the regional
growth.
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GLOBAL MARKET ESTIMATES RESEARCH CONSULTANTS
Blockchain Technology in Healthcare Market
End-Use Landscape The end-use landscape entails a
list of current and prospective consumers
prevailing across the regions. This section
provides company addresses, contact details,
products, and regional presence of companies who
are purchasing or are likely to purchase
blockchain technology in healthcare over the
coming years. Some of leading consumers of
blockchain technology in the healthcare industry
are Mayo Clinic, Cleveland Clinic, and Mount
Sinai Hospital among others. Blockchain
Technology in Healthcare Market Vendor
Landscape The report contains a chapter dedicated
to vendors operating in the market, covering raw
material manufactures, equipment developers,
manufacturers, and distributors. The report
provides these insights on a regional level.
This section of the report entails contact
details, experience, products manufactured/suppli
ed, and geographical presence of companies.
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• GLOBAL MARKET ESTIMATES RESEARCH CONSULTANTS
• Blockchain Technology in Healthcare Market Share
  Competitor Analysis
• Some of the players operating in the global
  blockchain technology in healthcare market
  include Accenture, IBM Corporation, Deloitte,
  Capgemini, Microsoft Corporation, Blockchain
  Health, Blockpharma, Bowhead Health Inc.,
  Brontech, BurstIQ, and Chemonics, among others.
• In June 2017, Microsoft collaborated with
  Accenture to create blockchain ID prototype for
  healthcare and other industries. This partnership
  was aimed to provide a digital identity for the
  population who does not have any formal ID.
• The report segments the Blockchain Technology in
  Healthcare on the basis of By Organization Size
• Small and Medium Enterprises
• Large Enterprises
• By Application
• Medical Case Management
• Drug Development Supply Chain Integrity
• Claims Billing Management
• Data Interoperability
• Others

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GLOBAL MARKET ESTIMATES RESEARCH CONSULTANTS
This article contains text from the Blockchain
Technology in Healthcare Forecast to 2025
report prepared by Global Market Estimates. For
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