Blockchain is a list of records which are linked using cryptography in which each block contains a digital piece of information. This technology provides a new model for health information exchanges with the help of electronic medical records. Blockchain technology can reduce the friction and costs associated with current intermediaries.
Healthcare Blockchain Market was valued at USD 54.2 million in 2018 and is expected to reach USD 840.1 million in 2026, growing at a CAGR of 64.2%.
Healthcare Blockchain Market Segmentation |
|
| By Type | 1. Public |
| 2. Private | |
| By Application | 1. Clinical Data Exchange and Interoperability |
| 2. Claims Adjudication & Billing | |
| 3. Supply Chain Management | |
| 4. Clinical Trials | |
| 5. Others | |
| By End user | 1. Hospitals |
| 2. Insurance Providers | |
| 3. Drug and Medical Device Companies | |
| 4. Others | |
| By Region | 1. North America (US and Canada) |
| 2. Europe (UK, Germany, France and Rest of Europe) | |
| 3. Asia Pacific (China, Japan, India and Rest of Asia Pacific) | |
| 4. Latin America (Brazil, Mexico and Rest of Latin America) | |
| 5. Middle East & Africa (GCC and Rest of Middle East & Africa) | |
The growth of healthcare blockchain market is attributed to the increasing awareness data security, increasing incidences of data leaks and data breach, coupled with the increasing need for exceeding storage spaces and increasing entrance of counterfeit medicines in the pharmaceutical supply chain. In addition, the growth of this market is driven by increasing awareness regarding cybersecurity attacks and patient protection against possible medical data breaches across the globe. On the other hand, high cost associated with the implementation of the block chain, lack of common standards, and lack of awareness regarding the uses of blockchain technologies in the healthcare sector.
The private block chain segment expected to grow at the fastest growing CAGR during the forecast period
Based on type, the global healthcare blockchain market has been segmented into private blockchain and public blockchain. The private blockchain is designed and used for precise enterprise as it provides easy transaction, privacy, and high security. Private blockchain segment is expected to register a fastest growing CAGR owing to the increasing need for private sector data management, and highly secured supply chain. Public blockchain segment holds the highest share in the global healthcare blockchain market. The growth of this segment is attributed to low cost and easy accessibility to the larger database.
Drugs and medical device companies end user segment would register fastest growing CAGR during the forecast period
Based on the end user, the healthcare blockchain market is segmented into hospitals, insurance providers, drugs and medical devices companies, and others. Among these, the drugs and medical devices companies register a fastest growing CAGR owing to increasing need for counterfeit prevention, managing the authenticity of drug and devices, and compliance with the pharma and medical devices supply chain. Hospitals end user segment holds the largest share in the market. The growth of this segment is attributed to increasing adoption advanced technologies in the hospital section and improving healthcare infrastructure.
Based on application, the supply chain segment management is expected register highest share during the forecast period
Based on application, the market has been segmented into clinical data exchange & interoperability, claims adjudication & billing, supply chain management, clinical trials & econsenting and other applications. The supply chain management segment accounted for the largest share in the market in 2018. The growth of this market is attributed to the increasing emergence of counterfeit drugs. Also, the implementation of regulations such as the Drug Quality and Security Act (DQSA) and the Falsified Medicines Directive (FMD) are boosting the adoption of blockchain technology in the healthcare sector. Clinical trials segment is expected to register the fastest growing CAGR owing to the integration of blockchain technology in clinical trials as it allows to have a control on patient’s data, it also allows clinicians to connect internally.
Europe to dominate the healthcare blockchain market throughout the forecast period
Europe accounted for nearly 40% share of the global healthcare blockchain market in 2018 and is expected to dominate the market throughout the forecast period followed by North America. Early adoption of advanced technologies and high awareness in European countries primarily drives growth for healthcare blockchain market. Moreover, increasing government initiatives such as the implementation of the General Data Protection Regulation (GDPR) boosts the adoption of blockchain technology in the healthcare sector.
Company Profiles and Competitive Intelligence:
The major players operating in the global healthcare blockchain market are Blockpharma (France), PokitDok (US), Guardtime (Estonia), ISolve (US), LLC, DeepMind Health, MedRec, IBM (US), Microsoft (US), Gem (US), Chronicled (US), and Hashed Health (US) among others.
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Table of Contents
Chapter 1 Executive Summary
1.1. Market Summary
1.1.1. Global Healthcare Blockchain Market, 2016-2026, (USD Million)
1.2. Market Snapshot: Global Healthcare Blockchain Market
1.3. Market Dynamics
1.4. Global Healthcare Blockchain Market, by Segment, 2018
1.4.1. Global Healthcare Blockchain Market, by Type, 2018, (USD Million)
1.4.2. Global Healthcare Blockchain Market, by End User, 2018, (USD Million)
1.4.3. Global Healthcare Blockchain Market, by Application, 2018, (USD Million)
1.4.4. Global Healthcare Blockchain Market, by Region, 2018 (USD Million)
1.5. Premium Insights
1.5.1. Healthcare Blockchain Market In Developed Vs. Developing Economies, 2018 vs 2026
1.5.2. Global Healthcare Blockchain Market: Regional Life Cycle Analysis
Chapter 2 Market Dynamics
2.1. Market Overview
2.2. Market Drivers
2.2.1. Increasing threat of counterfeit drugs
2.2.2. Secured data interoperability through blockchain
2.3. Market Restraints
2.3.1. Lack of common set of standards
2.3.2. Lack of awareness & understanding
2.4. Market Opportunities
2.4.1. Increasing funding through venture capital investments
2.4.2. Increasing government initiatives
2.5. Industry Value Chain Analysis
2.6. Pricing Analysis
2.7. Porter’s Five Forces Analysis
Chapter 3 Global Healthcare Blockchain Market, by Type
3.1. Market Overview, by Type
3.1.1. Global Healthcare Blockchain Market, by Type, 2016-2026 (USD Million)
3.1.2. Incremental Opportunity, by Type, 2018
3.2. Public
3.2.1. Global Healthcare Blockchain Market, by Public, 2016-2026, (USD Million)
3.3. Private
3.3.1. Global Healthcare Blockchain Market, by Private, 2016-2026, (USD Million)
Chapter 4 Global Healthcare Blockchain Market, by End User
4.1. Market Overview, by End User
4.1.1. Global Healthcare Blockchain Market, by End User, 2016-2026 (USD Million)
4.1.2. Incremental Opportunity, by End User, 2018
4.2. Hospitals
4.2.1. Global Healthcare Blockchain Market, by Hospitals, 2016-2026, (USD Million)
4.3. Insurance Providers
4.3.1. Global Healthcare Blockchain Market, by Insurance Providers, 2016-2026, (USD Million)
4.4. Drug and Medical Device Companies
4.4.1. Global Healthcare Blockchain Market, by Drug and Medical Device Companies, 2016-2026, (USD Million)
4.5. Others
4.5.1. Global Healthcare Blockchain Market, by Others, 2016-2026, (USD Million)
Chapter 5 Global Healthcare Blockchain Market, by Application
5.1. Market Overview, by Application
5.1.1. Global Healthcare Blockchain Market, by Application, 2016-2026 (USD Million)
5.1.2. Incremental Opportunity, by Application, 2018
5.2. Clinical Data Exchange & Interoperability
5.2.1. Global Healthcare Blockchain Market, by Clinical Data Exchange & Interoperability, 2016-2026, (USD Million)
5.3. Claims Adjudication & Billing
5.3.1. Global Healthcare Blockchain Market, by Claims Adjudication & Billing, 2016-2026, (USD Million)
5.4. Supply Chain Management
5.4.1. Global Healthcare Blockchain Market, by Supply Chain Management, 2016-2026, (USD Million)
5.5. Clinical Trials
5.5.1. Global Healthcare Blockchain Market, by Clinical Trials, 2016-2026, (USD Million)
5.6. Other Application
5.6.1. Global Healthcare Blockchain Market, by Other Application, 2016-2026, (USD Million)
Chapter 6 Global Healthcare Blockchain Market, by Region
6.1. Market Overview, by Region
6.1.1. Global Healthcare Blockchain Market, by Region, 2016-2026, (USD Million)
6.2. Attractive Investment Opportunity, by Region, 2018
6.3. North America Healthcare Blockchain Market
6.3.1. North America Healthcare Blockchain Market, by Type, 2016-2026 (USD Million)
6.3.2. North America Healthcare Blockchain Market, by End User, 2016-2026 (USD Million)
6.3.3. North America Healthcare Blockchain Market, by Application, 2016-2026 (USD Million)
6.3.4. United States Healthcare Blockchain Market, 2016-2026 (USD Million)
6.3.5. Canada Healthcare Blockchain Market, 2016-2026 (USD Million)
6.4. Europe Healthcare Blockchain Market
6.4.1. Europe Healthcare Blockchain Market, by Type, 2016-2026 (USD Million)
6.4.2. Europe Healthcare Blockchain Market, by End User, 2016-2026 (USD Million)
6.4.3. Europe Healthcare Blockchain Market, by Application, 2016-2026 (USD Million)
6.4.4. United Kingdom Healthcare Blockchain Market, 2016-2026 (USD Million)
6.4.5. Germany Healthcare Blockchain Market, 2016-2026 (USD Million)
6.4.6. France Healthcare Blockchain Market, 2016-2026 (USD Million)
6.4.7. Rest of Europe Healthcare Blockchain Market, 2016-2026 (USD Million)
6.5. Asia Pacific Healthcare Blockchain Market
6.5.1. Asia Pacific Healthcare Blockchain Market, by Type, 2016-2026 (USD Million)
6.5.2. Asia Pacific Healthcare Blockchain Market, by End User, 2016-2026 (USD Million)
6.5.3. Asia Pacific Healthcare Blockchain Market, by Application, 2016-2026 (USD Million)
6.5.4. China Healthcare Blockchain Market, 2016-2026 (USD Million)
6.5.5. Japan Healthcare Blockchain Market, 2016-2026 (USD Million)
6.5.6. India Healthcare Blockchain Market, 2016-2026 (USD Million)
6.5.7. Rest of Asia Pacific Healthcare Blockchain Market, 2016-2026 (USD Million)
6.6. Latin America Healthcare Blockchain Market
6.6.1. Latin America Healthcare Blockchain Market, by Type, 2016-2026 (USD Million)
6.6.2. Latin America Healthcare Blockchain Market, by End User, 2016-2026 (USD Million)
6.6.3. Latin America Healthcare Blockchain Market, by Application, 2016-2026 (USD Million)
6.6.4. Brazil Healthcare Blockchain Market, 2016-2026 (USD Million)
6.6.5. Mexico Healthcare Blockchain Market, 2016-2026 (USD Million)
6.6.6. Rest of Latin America Healthcare Blockchain Market, 2016-2026 (USD Million)
6.7. Middle East & Africa Healthcare Blockchain Market
6.7.1. Middle East & Africa Healthcare Blockchain Market, by Type, 2016-2026 (USD Million)
6.7.2. Middle East & Africa Healthcare Blockchain Market, by End User, 2016-2026 (USD Million)
6.7.3. Middle East & Africa Healthcare Blockchain Market, by Application, 2016-2026 (USD Million)
6.7.4. GCC Healthcare Blockchain Market, 2016-2026 (USD Million)
6.7.5. Rest of Middle East & Africa Healthcare Blockchain Market, 2016-2026 (USD Million)
Chapter 7 Competitive Intelligence
7.1. Top 5 Players Comparison
7.2. Market Positioning of Key Players, 2018
7.3. Market Players Mapping
7.3.1. By Type
7.3.2. By End User
7.3.3. By Application
7.3.4. By Region
7.4. Strategies Adopted by Key Market Players
7.5. Recent Developments in the Market
7.5.1. Mergers & Acquisitions, Partnership, New Product Developments
Chapter 8 Company Profiles
8.1. Blockpharma
8.1.1. Blockpharma Overview
8.1.2. Blockpharma Products Portfolio
8.1.3. Blockpharma Financial Overview
8.1.4. Blockpharma News/Recent Developments
8.2. PokitDok, Inc.
8.2.1. PokitDok, Inc. Overview
8.2.2. PokitDok, Inc. Products Portfolio
8.2.3. PokitDok, Inc. Financial Overview
8.2.4. PokitDok, Inc. News/Recent Developments
8.3. Guardtime
8.3.1. Guardtime Overview
8.3.2. Guardtime Products Portfolio
8.3.3. Guardtime Financial Overview
8.3.4. Guardtime News/Recent Developments
8.4. ISolve, LLC
8.4.1. ISolve, LLC Overview
8.4.2. ISolve, LLC Products Portfolio
8.4.3. ISolve, LLC Financial Overview
8.4.4. ISolve, LLC News/Recent Developments
8.5. DeepMind Health
8.5.1. DeepMind Health Overview
8.5.2. DeepMind Health Products Portfolio
8.5.3. DeepMind Health Financial Overview
8.5.4. DeepMind Health News/Recent Developments
8.6. MedRec
8.6.1. MedRec Overview
8.6.2. MedRec Products Portfolio
8.6.3. MedRec Financial Overview
8.6.4. MedRec News/Recent Developments
8.7. Stratumn
8.7.1. Stratumn Overview
8.7.2. Stratumn Products Portfolio
8.7.3. Stratumn Financial Overview
8.7.4. Stratumn News/Recent Developments
8.8. IBM
8.8.1. IBM Overview
8.8.2. IBM Products Portfolio
8.8.3. IBM Financial Overview
8.8.4. IBM News/Recent Developments
8.9. Hashed Health
8.9.1. Hashed Health Overview
8.9.2. Hashed Health Products Portfolio
8.9.3. Hashed Health Financial Overview
8.9.4. Hashed Health News/Recent Developments
8.10. Microsoft
8.10.1. Microsoft Overview
8.10.2. Microsoft Products Portfolio
8.10.3. Microsoft Financial Overview
8.10.4. Microsoft News/Recent Developments
Chapter 9 Preface
9.1. Data Triangulation
9.2. Research Methodology
9.2.1. End User I – Secondary Research
9.2.2. End User II – Primary Research
9.2.3. End User III – Expert Panel Review
9.2.4. Approach Adopted
9.2.4.1. Top-Down Approach
9.2.4.2. Bottom-Up Approach
9.2.5. Supply- Demand side
9.2.6. Breakup of the Primary Profiles
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