PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1383520
PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1383520
According to SPER Market Research, 'Global Healthcare Blockchain Market Size- By Network Type, By Application, By End User- Regional Outlook, Competitive Strategies and Segment Forecast to 2033' state that the Global Healthcare Blockchain Market is predicted to reach USD 32.91 billion by 2033 with a CAGR of 42.1%.
Among the nodes of a computer network, a blockchain is a distributed database or ledger that is shared. The digital data is stored in a blockchain, which functions as an electronic database. Among hospitals, diagnostic labs, pharmaceutical companies, and physicians, patient data is stored and shared on a blockchain network in the healthcare sector. Within the healthcare system, it can improve the effectiveness, security, and transparency of medical data interchange.
However, the major impediment to the advancement of blockchain technology is a lack of knowledge about distributed ledger technology and its application in the healthcare industry. Healthcare end users are not aware of the benefits and usefulness of this cutting-edge technology. This might deter companies from investing in this emerging technology. Additionally, most healthcare providers and payers, especially in developing nations, are reluctant to divulge data since there is no legislation governing the exchange of medical data.