Highlights of blockchain technology in the healthcare market:
Blockchain technology is a decentralized platform system that allows the entry of transactions in real time. It works like a digital ledger and allows users to keep track of all the activities performed on the network. Factors that are driving the growth of global blockchain technology in the healthcare market are growing cases of data breaches and data security concerns, growing demand for easy to use and inexpensive data management tools, increasing investment in health and increase in the adoption of blockchain technology. Furthermore, the increasing adoption of blockchain technology in the healthcare sector is able to provide favorable conditions for market growth. For example, in June 2018, in the UK, the leading blockchain company, The Guardtime launched a health registration platform that works with blockchain technology.
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The lack of significant entities and universal standards for blockchain operations and lack of awareness could hinder market growth during the forecast period.
Key players:
Some of the major players in Global Blockchain technology in the health market are IBM, Microsoft, Guardtime, Pokitdok, Gem, Patientory, Hashed Health, Chronicled, Isolve, Factom, Blockpharma, Medicalchain, Simplyvital Health, Farmatrust and others
Segmentation:
Global Blockchain technology in the health market has been segmented according to application, type and end user.
The application segment was broken down by supply chain management, patient data management, drug traceability, clinical trials and data security, demand assignment, billing, and more.
Based on the type, the market was classified as an authorized blockchain, allowed less blockchain.
The market, for end users, has been segmented into pharmaceutical companies, healthcare providers, healthcare consumers and others
Regional analysis:
The US market should dominate the Global Blockchain technology in the health market during the forecast period due to the high rate of adoption of advanced technology, the availability of a large pool of patients, the presence of established health management systems, increase in health care costs and insurance holders. According to the Committee for a Responsible Federal Budget, in 2017, the United States spent more than 3.5 trillion dollars on health care, accounting for about 18% of the nation's total GDP.
The European market is expected to be the second largest because of the increasing number of clinical trials with the increase in research and development costs in the pharmaceutical industry, raising awareness on the blockchain technology in the region and increasing spending health.
Moreover, the market in the Asia-Pacific area is expected to be the fastest in the forecast period due to the growing generic pharmaceutical industry in the region, continuously increasing investment in the healthcare sector and the adoption of technology in the sector. health.
The market in the Middle East and Africa will probably represent the smallest share of global blockchain technology in the healthcare market.
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Summary:
Chapter 1. Report the prologue
Chapter 2. Introduction to the market
2.1. Definition
2.2. Scope of the study
2.2.1. Research objective
2.2.2. hypothesis
2.2.3. limitations
Chapter 3. Research methodology
3.1. introduction
3.2. Primary research
3.3. Secondary research
3.4. Estimated market size
Chapter 4. Market dynamics
4.1. Driver
4.2. constraints
4.3. Opportunity
4.4. The challenges
4.5. Macroeconomic indicators
4.6. Tracing technology Trends and evaluation
Chapter 5. Analysis of the market factor
TOC continues …!
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