6503 vmr

Market Synopsis:

Global Blockchain in Healthcare Market is valued at USD 287.9 Million in 2021 and is projected to attain a value of USD 1,189.8 Million by 2028 at a CAGR of 61.3% during the forecast period, 2022–2028. The market’s growth can be ascribed to the rising occurrence of data leaks and breaches, as well as the growing need to address these concerns. The implementation of the technology is being driven by strategic actions by key players, a high demand to prevent medicine counterfeiting, and the necessity for effective health data management systems. In addition, increased investment in the development of efficient healthcare record systems, wearable device cryptography, and medical examination systems is expected to give profitable prospects in the near future for Blockchain in Healthcare industry. The rising prevalence of diseases is predicted to generate a large volume of data, increasing the requirement for data management.

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The COVID-19 pandemic emerged as an unprecedented public health threat, infecting a large number of people all across the world. The pandemic caused economic and financial harm to the world economy and a number of industrial sectors. Several countries declared national emergencies and implemented lockdowns to stop SARS-CoV-2 from spreading and infecting people. In the United States, clinical research and surveys have revealed a decrease in outpatient and emergency medical care. Many medical practises, particularly elective medical practises, were impeded, sidetracked, postponed, and halted, affecting industry growth. The coronavirus outbreak, on the other hand, has accelerated the adoption of emerging technologies in healthcare, including blockchain technology.

Increasing Incidence of Healthcare Data Breaches

The number of data breaches in the healthcare business has risen dramatically over the years. Healthcare data breaches have increased in scale and regularity over the last five years, with the most serious breaches affecting as many as 80 million people.

Market Segmentation:

Global Blockchain in Healthcare Market is segmented on the basis of Application into Clinical Data Exchange, Billing Management and Claims Adjudication and supply chain management. Based on region, the Blockchain in Healthcare Market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.

Read Full Report: https://www.vantagemarketresearch.com/industry-report/blockchain-in-healthcare-market-1223

Key Players:

Some of the players in the Blockchain in Healthcare Market include IBM Corporation, Microsoft Corporation, Gem, Patientory Inc., Guardtime Federal, Hashed Health

About the Authors:

Vantage Market Research is a firm dedicated to delivering high-quality data and market research. The firm offers quantitative, high-quality B2B research on over 20,000 emerging markets. The firm provides in-depth reports on a variety of industries, including chemical materials and energy, food and drinks, healthcare, technology, and so on. Every year, the organisation adds more than 1,100 market research papers to its huge database, which employs over 125 analysts and consultants. The company’s customer includes 70% of the Fortune 500 corporations in the world.

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