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NEW YORK, 9 January 2019 / PRNewswire / – KEY RESULTS
Blockchain in the healthcare market is the application of this technology in the health sector. The global blockchain in the healthcare market is estimated to grow with the CAGR of 47.23% during the forecast years of 2019-2027. The fact that there is not only transparency on the use of this technology, but also a solid protection against cyber attacks is pushing the adoption of the technology blockchain in the healthcare sector and is also driving the growth of the market throughout the world.
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MARKET INFORMATION
There are many major investors and investors in the blockchain technology that is helping the growth of the global health blockchain market since the knowledge of the benefits and power of the blockchain are understood by several entrepreneurs.Blockchain within the health sector will encompass huge data medical records, images, documents, details of the respective transactions and laboratory reports that require a significant amount of storage space, for which each member included in the chain must invest regularly for superior storage capacity.
This is deliberate to hinder the growth of the market for blockchain in healthcare application. The global blockchain in the health care market is segmented by size of the organization, blockchain type and application.
REGIONAL INSIGHTS
The global blockchain market in the healthcare sector is also geographically segmented into various regions to gain a clear understanding of the respective market trends. North America, Europe, Asia Pacific and countries from the rest of the world are considered for this relationship.
The North American region is home to the dominant blockchain market in the health sector by market share mainly due to the vast health care market in Italy the United States and technological advances made with the updated IT infrastructure in this region. Blockchain intake in the Canadian health care system is expected to reduce healthcare costs and waiting periods for individual payers.
COMPETITIVE INSIGHTS
The global blockchain market players in the healthcare market are using organic and inorganic strategies for their growth. Change Healthcare, Chronicled, Inc., Factom, Inc., FarmaTrust, Hashed Health, Healthcare, 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 market players competing in the global market.
Companies mentioned
1. CHANGE OF HEALTH
2. CHRONICLED, INC.
3. FACTOM INC.
4. FARMATRUST
5. HASHED HEALTH
6. HEALTHEREUM, LLC
7. INTERNATIONAL BUSINESS MACHINES CORPORATION
8. ISOLVE
9. MICROSOFT CORPORATION
10. MEDICALCHAIN SA
11. PATIENTORY, INC.
12. POKITDOK, INC.
13. PROOF.WORK
14. SIMPLYVITAL HEALTH INC.
15. SKYCELL AG
Read the full report: https://www.reportlinker.com/p05637929
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