Blockchain Healthcare Market Size is expected to reach US$ XX Mn in 2026 at XX% CAGR
Blockchain Healthcare Market size which works on decentralized platforms is the backbone of cryptocurrency transactions. The major advantages of this technology include cross-industrial applications, transparency, elimination of third parties, cost reduction, cryptographic security, micro-payments, and immutability.
The key driving force for the usage of Blockchain Healthcare Market is the urgent need to improve interoperability and security of the healthcare information. Further, rising entrance of counterfeit medicines in the pharmaceutical supply chain, increasing incidences of medical data breaches, adequate funding to healthcare blockchain start-ups, government initiatives to implement Blockchain Healthcare Market, and increasing adoption of blockchain as a service (BaaS) is fuelling the growth of the Blockchain Healthcare Market size.
Among applications supply, chain management is expected to grow at the highest CAGR
Stringent laws like the falsified medicines directive (FMD) in Europe and the Drug Quality and Security Act (DQSA) are in operation to tackle the rising incidents of counterfeit medicines. Thus supply chain management segment is expected to account for the largest share amongst all the applications.
The pharmaceutical sector is the leading end-user segment during the forecast period
Considering the end users, pertaining to the tough regulations to secure pharmaceutical supply chain, Pharmaceutical sector segment is expected to account for the largest share. Increasing cases of counterfeit drugs entering the supply chain are boosting the adoption of blockchain in the pharmaceutical industry.
North America to dominate the blockchain healthcare market in 2018
In case of regions, North America is anticipated to hold the largest share of the Blockchain Healthcare Market size, followed by Europe – predominant data breaches in the region, strict regulations to improve pharmaceutical supply chain, growing incidences of fraudulent billings, and the rising need to address the dramatic rise in healthcare costs in the region.
About Maximize Market Research
Maximize market research, a global market research firm with a dedicated team of specialists and data has carried out extensive research about the key technologies and key market trends. Research Report encompasses the comprehensive segmentation, providing the in-depth analysis of overall industry ecosystem with accurate regional analysis, useful for taking an informed strategic decision by the key stakeholders in the industry.
Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics, and future opportunities that might exist in the concerned Blockchain Healthcare Market size. The driving forces, as well as considerable restraints and probable market opportunities, have been explained in depth. In addition to this, competitive landscape describing the strategic growth of the competitors have been taken into consideration for enhancing the market know-how of our clients and at the same time explain the Blockchain Healthcare Market positioning of competitors.
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