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Blockchain technology in the healthcare market

PORTLAND, Ore., Aug. 18, 2022 (GLOBE NEWSWIRE) — According to a report published by Allied Market Research, Blockchain technology in the healthcare market will generate $531.19 million in 2021 and is projected to reach $16.3 billion by 2031, growing at a CAGR of 40.8% from 2022 to 2031. The report provides an in-depth analysis of top winning strategies, evolving market dynamics, market size and estimates, and value. chains, key investment pockets, drivers and opportunities, competitive landscape and regional environment. This report is a useful source of information for new entrants, stockholders, frontrunners and shareholders to implement the necessary strategies for the future and take essential steps to significantly strengthen and enhance their market position.

Download the report (245 page PDF with insights, charts, tables and figures): https://www.alliedmarketresearch.com/request-sample/10624

Report scope and details:

report coverage detail
Forecast period 2022–2031
base year 2021
Market size in 2021 $531.19 million
Market size in 2031 $16.3 billion
CAGR 40.8%
number of pages in the report 302

COVID-19 scenario:

  • The COVID-19 outbreak has had a positive impact on the growth of global blockchain technology in the healthcare market as it has accelerated the use of cutting-edge technologies such as blockchain in the healthcare industry.
  • As more and more people around the world contract the deadly virus, the demand for healthcare is exponentially surging, and various healthcare facilities in several countries are applying blockchain technology to their effectiveness. This was done to significantly enhance resource efficiency and operational planning.
  • Additionally, a huge number of clinics and hospitals around the world have been reorganized to increase hospital capacity for patients diagnosed with COVID-19, subsequently increasing the demand for blockchain technology in healthcare. .
  • Powerful tracking systems have also been developed by various players in the market to stop the spread of false information.
  • Therefore, COVID-19 has had a positive impact on the market.

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This report offers an in-depth segmentation of the global blockchain technology in healthcare market based on type, application, end user, and region.

Based on type, the public segment held the largest market share in 2021, accounting for more than half of the global market.On the other hand, the private segment is expected to exhibit the fastest CAGR of 41.2% during the forecast period increase. Moreover, the same segment is expected to maintain its leadership position during the forecast period.

Based on application, the supply chain management segment is expected to hold a dominant market share in 2021, holding nearly two-fifths of the global market and maintaining its leadership position during the forecast period. On the other hand, the data exchange and interoperability segment is expected to exhibit the fastest CAGR of 41.4% during the forecast period.

Based on end users, the pharmaceutical and medical device companies segment will hold the largest market share in 2021, accounting for more than two-fifths of the global market and is expected to maintain its leadership position during the forecast period. On the other hand, the medical payer segment is expected to post the fastest CAGR of 41.5% during the forecast period.

Based on region, the market across North America will hold the largest market share in 2021, capturing more than two-fifths of the global market and is expected to maintain its leadership position during the forecast period. On the other hand, Asia-Pacific is expected to exhibit the fastest CAGR of 41.9% during the forecast period. The report also analyzes other regions such as Europe and his LAMEA.

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Leading players analyzed on global blockchain technology in healthcare market include Embleema, Farma Trust, Guardtime, Hashed Health, International Business Machines Corporation (IBM), iSolve, LLC, Medical Chain SA, Oracle Corporation, Akiri, Inc., Avaneer health, Inc., BurstIQ, Crystalchain, Change Healthcare, Inc., Chronicled, Equideum Health, Patientory, Inc., and Proof.Works.

This report analyzes the key players in the global blockchain technology market. These market players significantly utilize effective strategies such as joint ventures, collaborations, expansions, new product launches, and partnerships to strengthen their foothold and capabilities in the industry. These players also tend to enhance their competitiveness in the market with the help of these rigorous strategies. analysis.

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