Global Blockchain Technology in Healthcare Market
Blockchain technology is utilized to collect and track information about transaction on real time basis. This technology works as a digital ledger and tracks all the activities carried out within the network. Blockchain technology offers several benefits to healthcare industry such as reduces data duplication, and increased transaction speed.
The health care industry is immensely significant to communities around the world. The industry consists of diverse companies counting pharmacies, doctors, hospitals, medical device manufacturers, diagnostic laboratories, nursing homes, and other components of the health care system. Health care includes deterrence of illness, injury, and other bodily and psychological impairments in humans by employing diagnosis and treatment. The delivery in the healthcare industry by practitioners covers specialties of medicine, nursing, pharmacy, dentistry, chiropractic, allied health, and other care providers.
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Increase in cases of data theft in healthcare is the key driving factor which is expected to boost the global blockchain technology in healthcare market growth. Furthermore, increase in demand of easy to use and inexpensive data management tools will have the positive impact on market growth. Moreover, increase in adoption of blockchain technology in healthcare sector is expected to propel the market growth during this forecast period. Also, growing number of research and development center is significantly drive the market growth.
However, the lack of significant entity and universal standards as well as lack of awareness about blockchain technology are the major challenging factors which are expected to hamper the global blockchain in healthcare market growth.
Market Key Players
The report covers a comprehensive study of the competitive scenario of the Blockchain Technology in Healthcare Market and the current trends that are predicted to disrupt the market. It identifiesdynamic players of the market, including both themajor and emerging players. The report contains the companies in the market share reviewto offer a more extensive overview of the key market players.
Various key players are discussed in this report such as IBM Corporation, Microsoft Corporation, Guardtime, Pokitdok, Gem, Patientory, Simplyvital Health, Blockpharma, and Farmatrust
Market Taxonomy
By Type
- Permissioned Blockchains
- Permission Less Blockchain
By End User
- Healthcare Service Providers
- Healthcare Consumers
- Pharmaceutical Companies
- Others
By Application
- Billing
- Clinical Trials & Data Security
- Drug Traceability
- Patient Data Management
- Supply Chain Management
- Others
By Region
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa
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