Blockchain in Healthcare Market | Industry Benefits, Technology 2019-2027

GLOBAL BLOCKCHAIN IN HEALTHCARE MARKET FORECAST 2019-2027

• Blockchain in the healthcare market is the application of the said technology in the healthcare sector.

• Global blockchain in the healthcare market is assessed to grow with 47.23% CAGR during the forecast years of 2019- 2027.

• The fact that there is not only transparency upon this technology’s usage, but also solid protection against cyber attacks are pushing the adoption of the blockchain technology in the healthcare sector and also is driving the market growth worldwide.

• There are many prominent investors and investees in blockchain technology that is aiding the growth of the global healthcare blockchain market since the knowledge of the benefits and power of blockchain are being understood by various entrepreneurs.

• Blockchain within the healthcare industry will encompass humongous data of medical records, images, documents, respective transaction details and lab reports which require a significant amount of storage space, for which every member included in the chain must regularly invest for the exceeding storage capacity.

• This is deliberated to hinder the market growth for blockchain in the healthcare application.

• The global blockchain in the healthcare market is segmented by organization size, blockchain type and application.

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Global Blockchain in healthcare market is assessed to grow with 47.23% CAGR during the forecast years of 2019- 2027.

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The North American region is contributing the largest market share xx % to the market for blockchain in healthcare in 2018 and is expected to gain xx % of the global market share by 2027. It is also predicted to be the fastest growing region with a CAGR of 48.15%. The United States and Canada are the countries from North America which are considered for this study.

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The Europe blockchain in the healthcare market has been predicted to expand with 46.44% CAGR during the forecast period 2019-2027. This market is valued $ xx million in its base year 2018 and is expected to reach $ xx million by the end of 2027.

The United Kingdom, Germany, France, Spain, Italy and the countries from the Rest of Europe from Europe are taken into consideration for this report.

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The Asia Pacific market by application of blockchain in the healthcare sector in the Asia Pacific is expected to proliferate significantly during the forecast period of 2019-2027 with a CAGR of 47.66%. The APAC market study for blockchain in healthcare is carried out in China, India, Japan, South Korea, Australia and collective countries from the Rest of the Asia Pacific region.

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The market players of the global blockchain in healthcare market are utilizing organic and inorganic strategies for their growth. Change Healthcare, Chronicled, Inc., Factom, Inc., FarmaTrust, Hashed Health, Healthereum, LLC, International Business Machines Corporation, iSolve, Microsoft Corporation, Medicalchain SA, Patientory, Inc., PokitDok, Inc., Proof.Work, SimplyVital Health Inc. and SkyCell AG are some of the competing market players in the global market.