Blockchain in Healthcare Market

Description

The Blockchain in Healthcare Market is projected to increase from US$ 4.15 billion in 2024 to US$ 40.5 billion by 2031, with an anticipated CAGR of 45.2% during the period from 2025 to 2031. The rise in healthcare data breaches and counterfeit medications is expected to drive the growth of the blockchain in healthcare market.

Analysis of the Blockchain in Healthcare Market

Blockchain technology enhances security and efficiency in healthcare operations. It offers tamper-proof data storage, lowers transaction costs, and accelerates transactions via automated smart contracts. The demand for secure medical records, especially in North America, is propelling the adoption of blockchain technology in healthcare. The enforcement of GDPR and increased investments in emerging technologies within the U.S. healthcare sector are also contributing to this trend.

Overview of the Blockchain in Healthcare Market

Blockchain promotes transparency in the healthcare supply chain, enabling the tracking of medical products from manufacturing through every stage of the supply chain. This ensures the authenticity and origin of medical items, addressing a significant issue in the healthcare sector.Blockchain technology allows for the development of patient-centered electronic health records, giving patients more control over their medical information while improving data security and privacy.Blockchain can also be used to verify the credentials of medical personnel, ensuring the accuracy and legitimacy of their professional qualifications.Strategic InsightsDrivers and Opportunities in the Blockchain in Healthcare Market

Rising Incidence of Healthcare Data Breaches and Counterfeit Medications to Propel Blockchain in Healthcare Market Growth

The frequency and scale of healthcare data breaches are rapidly increasing, resulting in significant financial losses and the exposure of sensitive medical information. The healthcare sector is a prime target for cybercriminals due to the high value of healthcare data, making it a major target for theft and misuse.

The growing prevalence of counterfeit medications poses a serious risk to patient safety and public health. Blockchain technology provides a solution to this issue by ensuring transparency and traceability in the drug supply chain. It allows for the tracking of medical products from manufacturing through each stage of the supply chain, ensuring their authenticity and origin.These factors combined have increased the demand for blockchain technology in the healthcare sector, driving the growth of the healthcare blockchain market.

Segmentation Analysis of the Blockchain in Healthcare Market Report

According to network type, the market is divided into internal, public, and private segments. The public segment is expected to capture a significant share of the blockchain in healthcare market in 2024.A public network in the context of the healthcare blockchain market refers to a fully decentralized network where all members can access the blockchain content and participate in the consensus process. This type of network is characterized by its openness and accessibility to all participants without requiring pre-existing trust among the parties.

One of the main characteristics of public blockchains is their transparency. All transactions on a public blockchain network are visible to everyone, and the immutability of the data is ensured by a peer-to-peer network of computers rather than a centralized authority.

Geographical Analysis of Blockchain in Healthcare Market Share

The Blockchain in Healthcare Market report is primarily segmented into five regions: North America, Europe, Asia Pacific, Middle East & Africa, and South America. North America is witnessing rapid growth and is expected to hold a significant share of the blockchain in healthcare market. The adoption of blockchain technology in the North American healthcare sector is gaining momentum, focusing on improving efficiency and securing electronic medical data sharing. Numerous blockchain-based systems and applications have been developed to tackle various aspects of healthcare data management and security. Factors driving this growth include the implementation of regulations concerning patient data security, the need to combat healthcare fraud, rising healthcare costs, and the increasing demand to protect medical data from tampering.

Scope of the Blockchain in Healthcare Market ReportThe "Blockchain in Healthcare Market Analysis" was conducted based on network type, application, end user, and geography. In terms of network type, the market is categorized into public and private. By application, the market is divided into claims and billing management, regulatory audit, drug supply chain management, and clinical data exchange & interoperability. By end users, the market is segmented into healthcare providers, healthcare service consumers, and pharmaceutical companies. Geographically, the market is divided into North America, Europe, Asia Pacific, the Middle East & Africa, and South America.

Recent Developments and News in the Blockchain in Healthcare MarketCompanies are employing both inorganic and organic strategies, such as mergers and acquisitions, in the market. The forecast for the blockchain in healthcare market is based on various secondary and primary research findings, including key company publications, association data, and databases. Some recent significant market developments are listed below:

In February 2024, XRP Healthcare, a pioneering entity at the intersection of healthcare, blockchain, and cryptocurrency, announced its recent achievement of becoming one of the select global Validator nodes on the XRPL (XRP Ledger) network. This strategic move highlights XRP Healthcare's commitment to transparency and solidifies its role as a leader in the evolving field of blockchain technology.[Source: XRP Healthcare, Company Website]

Coverage and Deliverables of the Blockchain in Healthcare Market ReportThe market report on "Blockchain in Healthcare Market Size and Forecast (2021-2031)" provides a comprehensive analysis of the market covering the following areas:

Market size & forecast at global, regional, and country levels for all key market segments included in the scope.Market dynamics such as drivers, restraints, and key opportunities.Key future trends.Detailed PEST & SWOT analysis.Global and regional market analysis covering key market trends, major players, regulations, and recent market developments.Industry landscape and competition analysis covering market concentration, heat map analysis, key players, and recent developments.Detailed company profiles.

Product Code: TIPRE00002964

1.INTRODUCTION

1.1.SCOPE OF THE STUDY
1.2.THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3.MARKET SEGMENTATION
- 1.3.1Blockchain In Healthcare Market - By Application
- 1.3.2Blockchain In Healthcare Market - By End-User
- 1.3.3Blockchain In Healthcare Market - By Region
  - 1.3.3.1By Country

2.KEY TAKEAWAYS

3.RESEARCH METHODOLOGY

4.BLOCKCHAIN IN HEALTHCARE MARKET LANDSCAPE

4.1.OVERVIEW
4.2.PORTER'S FIVE FORCES ANALYSIS
- 4.2.1Bargaining Power of Buyers
- 4.2.1Bargaining Power of Suppliers
- 4.2.1Threat of Substitute
- 4.2.1Threat of New Entrants
- 4.2.1Competitive Rivalry
4.3.ECOSYSTEM ANALYSIS
4.4.EXPERT OPINIONS

5.BLOCKCHAIN IN HEALTHCARE MARKET - KEY MARKET DYNAMICS

5.1.KEY MARKET DRIVERS
5.2.KEY MARKET RESTRAINTS
5.3.KEY MARKET OPPORTUNITIES
5.4.FUTURE TRENDS
5.5.IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS

6.BLOCKCHAIN IN HEALTHCARE MARKET - GLOBAL MARKET ANALYSIS

6.1.BLOCKCHAIN IN HEALTHCARE - GLOBAL MARKET OVERVIEW
6.2.BLOCKCHAIN IN HEALTHCARE - GLOBAL MARKET AND FORECAST TO 2028
6.3.MARKET POSITIONING/MARKET SHARE

7.BLOCKCHAIN IN HEALTHCARE MARKET - REVENUE AND FORECASTS TO 2028 a APPLICATION

7.1.OVERVIEW
7.2.APPLICATION MARKET FORECASTS AND ANALYSIS
7.3.CLAIMS AND BILLING MANAGEMENT
- 7.3.1.Overview
- 7.3.2.Claims and Billing Management Market Forecast and Analysis
7.4.REGULATORY AUDIT
- 7.4.1.Overview
- 7.4.2.Regulatory Audit Market Forecast and Analysis
7.5.DRUG SUPPLY CHAIN MANAGEMENT
- 7.5.1.Overview
- 7.5.2.Drug Supply Chain Management Market Forecast and Analysis
7.6.CLINICAL DATA EXCHANGE AND INTEROPERABILITY
- 7.6.1.Overview
- 7.6.2.Clinical Data Exchange and Interoperability Market Forecast and Analysis

8.BLOCKCHAIN IN HEALTHCARE MARKET - REVENUE AND FORECASTS TO 2028 a END-USER

8.1.OVERVIEW
8.2.END-USER MARKET FORECASTS AND ANALYSIS
8.3.HEALTHCARE PROVIDERS
- 8.3.1.Overview
- 8.3.2.Healthcare Providers Market Forecast and Analysis
8.4.HEALTHCARE SERVICE CONSUMERS
- 8.4.1.Overview
- 8.4.2.Healthcare Service Consumers Market Forecast and Analysis
8.5.PHARMACEUTICAL ENTERPRISES
- 8.5.1.Overview
- 8.5.2.Pharmaceutical Enterprises Market Forecast and Analysis

9.BLOCKCHAIN IN HEALTHCARE MARKET REVENUE AND FORECASTS TO 2028 a GEOGRAPHICAL ANALYSIS

9.1.NORTH AMERICA
- 9.1.1North America Blockchain In Healthcare Market Overview
- 9.1.2North America Blockchain In Healthcare Market Forecasts and Analysis
- 9.1.3North America Blockchain In Healthcare Market Forecasts and Analysis - By Application
- 9.1.4North America Blockchain In Healthcare Market Forecasts and Analysis - By End-User
- 9.1.5North America Blockchain In Healthcare Market Forecasts and Analysis - By Countries
  - 9.1.5.1United States Blockchain In Healthcare Market
    - 9.1.5.1.1United States Blockchain In Healthcare Market by Application
    - 9.1.5.1.2United States Blockchain In Healthcare Market by End-User
  - 9.1.5.2Canada Blockchain In Healthcare Market
    - 9.1.5.2.1Canada Blockchain In Healthcare Market by Application
    - 9.1.5.2.2Canada Blockchain In Healthcare Market by End-User
  - 9.1.5.3Mexico Blockchain In Healthcare Market
    - 9.1.5.3.1Mexico Blockchain In Healthcare Market by Application
    - 9.1.5.3.2Mexico Blockchain In Healthcare Market by End-User
9.2.EUROPE
- 9.2.1Europe Blockchain In Healthcare Market Overview
- 9.2.2Europe Blockchain In Healthcare Market Forecasts and Analysis
- 9.2.3Europe Blockchain In Healthcare Market Forecasts and Analysis - By Application
- 9.2.4Europe Blockchain In Healthcare Market Forecasts and Analysis - By End-User
- 9.2.5Europe Blockchain In Healthcare Market Forecasts and Analysis - By Countries
  - 9.2.5.1Germany Blockchain In Healthcare Market
    - 9.2.5.1.1Germany Blockchain In Healthcare Market by Application
    - 9.2.5.1.2Germany Blockchain In Healthcare Market by End-User
  - 9.2.5.2France Blockchain In Healthcare Market
    - 9.2.5.2.1France Blockchain In Healthcare Market by Application
    - 9.2.5.2.2France Blockchain In Healthcare Market by End-User
  - 9.2.5.3Italy Blockchain In Healthcare Market
    - 9.2.5.3.1Italy Blockchain In Healthcare Market by Application
    - 9.2.5.3.2Italy Blockchain In Healthcare Market by End-User
  - 9.2.5.4United Kingdom Blockchain In Healthcare Market
    - 9.2.5.4.1United Kingdom Blockchain In Healthcare Market by Application
    - 9.2.5.4.2United Kingdom Blockchain In Healthcare Market by End-User
  - 9.2.5.5Russia Blockchain In Healthcare Market
    - 9.2.5.5.1Russia Blockchain In Healthcare Market by Application
    - 9.2.5.5.2Russia Blockchain In Healthcare Market by End-User
  - 9.2.5.6Rest of Europe Blockchain In Healthcare Market
    - 9.2.5.6.1Rest of Europe Blockchain In Healthcare Market by Application
    - 9.2.5.6.2Rest of Europe Blockchain In Healthcare Market by End-User
9.3.ASIA-PACIFIC
- 9.3.1Asia-Pacific Blockchain In Healthcare Market Overview
- 9.3.2Asia-Pacific Blockchain In Healthcare Market Forecasts and Analysis
- 9.3.3Asia-Pacific Blockchain In Healthcare Market Forecasts and Analysis - By Application
- 9.3.4Asia-Pacific Blockchain In Healthcare Market Forecasts and Analysis - By End-User
- 9.3.5Asia-Pacific Blockchain In Healthcare Market Forecasts and Analysis - By Countries
  - 9.3.5.1Australia Blockchain In Healthcare Market
    - 9.3.5.1.1Australia Blockchain In Healthcare Market by Application
    - 9.3.5.1.2Australia Blockchain In Healthcare Market by End-User
  - 9.3.5.2China Blockchain In Healthcare Market
    - 9.3.5.2.1China Blockchain In Healthcare Market by Application
    - 9.3.5.2.2China Blockchain In Healthcare Market by End-User
  - 9.3.5.3India Blockchain In Healthcare Market
    - 9.3.5.3.1India Blockchain In Healthcare Market by Application
    - 9.3.5.3.2India Blockchain In Healthcare Market by End-User
  - 9.3.5.4Japan Blockchain In Healthcare Market
    - 9.3.5.4.1Japan Blockchain In Healthcare Market by Application
    - 9.3.5.4.2Japan Blockchain In Healthcare Market by End-User
  - 9.3.5.5South Korea Blockchain In Healthcare Market
    - 9.3.5.5.1South Korea Blockchain In Healthcare Market by Application
    - 9.3.5.5.2South Korea Blockchain In Healthcare Market by End-User
  - 9.3.5.6Rest of Asia-Pacific Blockchain In Healthcare Market
    - 9.3.5.6.1Rest of Asia-Pacific Blockchain In Healthcare Market by Application
    - 9.3.5.6.2Rest of Asia-Pacific Blockchain In Healthcare Market by End-User
9.4.MIDDLE EAST AND AFRICA
- 9.4.1Middle East and Africa Blockchain In Healthcare Market Overview
- 9.4.2Middle East and Africa Blockchain In Healthcare Market Forecasts and Analysis
- 9.4.3Middle East and Africa Blockchain In Healthcare Market Forecasts and Analysis - By Application
- 9.4.4Middle East and Africa Blockchain In Healthcare Market Forecasts and Analysis - By End-User
- 9.4.5Middle East and Africa Blockchain In Healthcare Market Forecasts and Analysis - By Countries
  - 9.4.5.1South Africa Blockchain In Healthcare Market
    - 9.4.5.1.1South Africa Blockchain In Healthcare Market by Application
    - 9.4.5.1.2South Africa Blockchain In Healthcare Market by End-User
  - 9.4.5.2Saudi Arabia Blockchain In Healthcare Market
    - 9.4.5.2.1Saudi Arabia Blockchain In Healthcare Market by Application
    - 9.4.5.2.2Saudi Arabia Blockchain In Healthcare Market by End-User
  - 9.4.5.3U.A.E Blockchain In Healthcare Market
    - 9.4.5.3.1U.A.E Blockchain In Healthcare Market by Application
    - 9.4.5.3.2U.A.E Blockchain In Healthcare Market by End-User
  - 9.4.5.4Rest of Middle East and Africa Blockchain In Healthcare Market
    - 9.4.5.4.1Rest of Middle East and Africa Blockchain In Healthcare Market by Application
    - 9.4.5.4.2Rest of Middle East and Africa Blockchain In Healthcare Market by End-User
9.5.SOUTH AND CENTRAL AMERICA
- 9.5.1South and Central America Blockchain In Healthcare Market Overview
- 9.5.2South and Central America Blockchain In Healthcare Market Forecasts and Analysis
- 9.5.3South and Central America Blockchain In Healthcare Market Forecasts and Analysis - By Application
- 9.5.4South and Central America Blockchain In Healthcare Market Forecasts and Analysis - By End-User
- 9.5.5South and Central America Blockchain In Healthcare Market Forecasts and Analysis - By Countries
  - 9.5.5.1Brazil Blockchain In Healthcare Market
    - 9.5.5.1.1Brazil Blockchain In Healthcare Market by Application
    - 9.5.5.1.2Brazil Blockchain In Healthcare Market by End-User
  - 9.5.5.2Argentina Blockchain In Healthcare Market
    - 9.5.5.2.1Argentina Blockchain In Healthcare Market by Application
    - 9.5.5.2.2Argentina Blockchain In Healthcare Market by End-User
  - 9.5.5.3Rest of South and Central America Blockchain In Healthcare Market
    - 9.5.5.3.1Rest of South and Central America Blockchain In Healthcare Market by Application
    - 9.5.5.3.2Rest of South and Central America Blockchain In Healthcare Market by End-User

10.INDUSTRY LANDSCAPE

10.1.MERGERS AND ACQUISITIONS
10.2.AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3.NEW PRODUCT LAUNCHES
10.4.EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS

11.BLOCKCHAIN IN HEALTHCARE MARKET, KEY COMPANY PROFILES

11.1.DEEPMIND HEALTH
- 11.1.1.Key Facts
- 11.1.2.Business Description
- 11.1.3.Products and Services
- 11.1.4.Financial Overview
- 11.1.5.SWOT Analysis
- 11.1.6.Key Developments
11.2.FACTOM INC
- 11.2.1.Key Facts
- 11.2.2.Business Description
- 11.2.3.Products and Services
- 11.2.4.Financial Overview
- 11.2.5.SWOT Analysis
- 11.2.6.Key Developments
11.3.GEM GUARDTIM
- 11.3.1.Key Facts
- 11.3.2.Business Description
- 11.3.3.Products and Services
- 11.3.4.Financial Overview
- 11.3.5.SWOT Analysis
- 11.3.6.Key Developments
11.4.IBM CORPORATION
- 11.4.1.Key Facts
- 11.4.2.Business Description
- 11.4.3.Products and Services
- 11.4.4.Financial Overview
- 11.4.5.SWOT Analysis
- 11.4.6.Key Developments
11.5.ISOLVE LLC
- 11.5.1.Key Facts
- 11.5.2.Business Description
- 11.5.3.Products and Services
- 11.5.4.Financial Overview
- 11.5.5.SWOT Analysis
- 11.5.6.Key Developments
11.6.MICROSOFT CORPORATION
- 11.6.1.Key Facts
- 11.6.2.Business Description
- 11.6.3.Products and Services
- 11.6.4.Financial Overview
- 11.6.5.SWOT Analysis
- 11.6.6.Key Developments
11.7.CHANGE HEALTHCARE
- 11.7.1.Key Facts
- 11.7.2.Business Description
- 11.7.3.Products and Services
- 11.7.4.Financial Overview
- 11.7.5.SWOT Analysis
- 11.7.6.Key Developments
11.8.PROOF.WORK
- 11.8.1.Key Facts
- 11.8.2.Business Description
- 11.8.3.Products and Services
- 11.8.4.Financial Overview
- 11.8.5.SWOT Analysis
- 11.8.6.Key Developments
11.9.SIMPLYVITAL HEALTH INC
- 11.9.1.Key Facts
- 11.9.2.Business Description
- 11.9.3.Products and Services
- 11.9.4.Financial Overview
- 11.9.5.SWOT Analysis
- 11.9.6.Key Developments
11.10.BLOCKPHARMA
- 11.10.1.Key Facts
- 11.10.2.Business Description
- 11.10.3.Products and Services
- 11.10.4.Financial Overview
- 11.10.5.SWOT Analysis
- 11.10.6.Key Developments

12.APPENDIX

12.1.ABOUT THE INSIGHT PARTNERS
12.2.GLOSSARY OF TERMS