Blockchain Technology in Healthcare Market US $42.06 Mn Revenue at 71.8% CAGR Expected To Reach by 2023

Jan 9, 2019

The Blockchain Technology in Healthcare Market Report Gives the Clear Picture of Current Market Scenario which Includes Historical and Projected Market Size in Terms of Value and Volume, Technological Advancement, Macro Economical and Governing Factors in the Market – Avail Prime Report by MRFR

pune, India - January 9, 2019 /MarketersMedia/ —

Market Overview:

Blockchain technology is one of the most disruptive technologies of the decade and is being progressively adopted by various industry verticals including healthcare. Blockchain offers a multitude of use cases for the healthcare industry, and Market Research Future (MRFR) anticipates the size of the global blockchain technology in healthcare market to expand at a remarkable rate in the forthcoming years.

The Global Blockchain Technology in Healthcare Market accounts for USD 42.06 million and expected to register healthy CAGR 71.8% during the forecast period.

Get Sample Copy @ https://www.marketresearchfuture.com/sample_request/6475

Blockchain relies on established cryptographic techniques which allow for storing, exchanging and viewing of information by all participants across all network instead of a central authority which raises the transparency quotient. The growing need for simplification of healthcare processes, interoperability, seamless exchange of clinical information and integrated services within the healthcare sector has spurred the adoption of blockchain technology in healthcare.

Blockchain technology helps to automate end-to-end processes across the healthcare transaction processing lifecycle. Increased automation of various healthcare process fosters the growth of the global blockchain technology in the healthcare market. Automation of specific processes also reduces human efforts and minimizes staffing costs.

Implementation of blockchain in healthcare provides the advantages of pharmaceutical fraud and also improves data exchange in clinical trials. A growing number of healthcare players are coming forward to adopt blockchain technology and investing huge capital which further accelerates the growth of the market.

Even though blockchain technology in healthcare presents numerous opportunities, the technology is still in its nascent stage, and its implications have not been not fully realized. Several technical, organizational, and behavioral challenges related to it are likely to hinder the growth of the global blockchain technology in healthcare market.

Competitive Landscape:

Blockpharma, Medicalchain, Microsoft, PokitDok, Guardtime, FarmaTrust, Chronicled, Factom, IBM, Patientory, iSolve, and Gem are the eminent players in the blockchain technology in healthcare market.

Segmentation:

The Global Blockchain Technology in Healthcare Market has been segmented based on application and end user.

By application, the global blockchain technology in healthcare market has been segmented into supply chain management, clinical data exchange & interoperability, claims adjudication, and billing.

By end user, the global blockchain technology in healthcare market has been segmented into pharmaceutical companies, service providers, and health consumers.

Regional Analysis:

Geographically, the global blockchain technology in healthcare has been segmented into North America, Europe, Asia Pacific (APAC), and the Rest of the World (RoW). In North America, the adoption of blockchain technology in healthcare is expected to witness considerable upswing over the forecast period. The region has a tendency to uptake advanced technologies swiftly which coupled with a massive investment in the healthcare sector stimulates the growth of the North America market. Major healthcare companies in the US have allied to trail blockchain solutions in a bid to reduce healthcare costs and improve data quality. The group named the Synaptic Health Alliance group consists of Humana, Multiplan, UnitedHealth Group's Optum, United Healthcare, Quest Diagnostics and has been recently (December 2018) joined by Ascension, the largest non-profit healthcare organization in the US and CVS Health-Aetna.

Europe has a strong financial base which has resulted in the rapid implementation of blockchain technology in healthcare. In addition, government support in prioritizing national blockchain development plays a crucial role in the growth of the Europe market.

APAC will witness a considerable rise in the number of healthcare facilities which is expected to create lucrative growth opportunities in the forthcoming years. APAC has witnessed rapid adoption of blockchain technology in the past few years. Significant investments by venture capitalists, an increasing number of blockchain startups in the region will contribute to the growth of the market.

Browse Full Reports @ https://www.marketresearchfuture.com/reports/blockchain-technology-healthcare-market-6475

Industry Updates:

In December 2018, Blockchain-based healthcare platform HEX Innovation Ltd. announced a partnership with the University of Perpetual Help Dalta Medical Center (UPHDMC) in the Philippines which will provide access to services powered by blockchain technology.

Table of Contents:

Chapter 1. Report Prologue

Chapter 2. Market Introduction

2.1. Definition

2.2. Scope of The Study

2.2.1. Research Objective

2.2.2. Assumptions

2.2.3. Limitations

Chapter 3. Research Methodology

3.1. Introduction

3.2. Primary Research

3.3. Secondary Research

3.4. Market Size Estimation

Chapter 4. Market Dynamics

4.1. Drivers

4.2. Restraints

4.3. Opportunities

4.4. Challenges

4.5. Macroeconomic Indicators

4.6. Detection Technique Trends & Assessment

...

Contact Info:
Name: ashutosh kalbande
Email: Send Email
Organization: Market Research Future
Address: Market Research Future Office No. 528, Amanora Chambers Magarpatta Road, Hadapsar, Pune - 411028 Maharashtra, India
Phone: 9028634734
Website: https://www.marketresearchfuture.com

Source URL: https://marketersmedia.com/blockchain-technology-in-healthcare-market-us-4206-mn-revenue-at-718-cagr-expected-to-reach-by-2023/467937

Source: MarketersMedia

Release ID: 467937

MORE NEWS
Asian Games, day 5: rowing gold completes medal collection for Hong Kong’s Chiu
Sep 24, 2026
Asian Games, day 5: rowing gold completes medal collection for Hong Kong’s Chiu

Chiu Hin-chun completed his set of Asian Games medals on Thursday, winning gold for the first time in the lightweight men’s single sculls final. The Hongkonger was tracking second for the first half of the 2,000m race, trailing just 0.63 seconds behind leader Firdavs Akhunov of Uzbekistan. But the 32-year-old managed to hold on and took the lead with 500m to go, before crossing the line first in six minutes and 50.32 seconds. Akhunov could not maintain his pace and dropped out of the medal...

Saffie Osborne and Maxime Guyon among four overseas stars set for winter stints in Hong Kong
Sep 24, 2026
Saffie Osborne and Maxime Guyon among four overseas stars set for winter stints in Hong Kong

Record-breaking British jockey Saffie Osborne, French superstar Maxime Guyon and top Irish duo Dylan Browne McMonagle and Rossa Ryan will add star power to Hong Kong’s elite riding ranks after being granted visiting jockeys’ licences this winter. The quartet will arrive over a staggered period, starting with Osborne in November, and at a time when Hugh Bowman – championship runner-up to Zac Purton the past two seasons – faces at least four months on the sidelines if he opts to undergo surgery on...

MMA makes its debut at Asian Games, but is it fighting a losing battle for recognition?
Sep 24, 2026
MMA makes its debut at Asian Games, but is it fighting a losing battle for recognition?

With minimal razzmatazz, an absence of semi-clad women carrying boards, or childish pre-fight hype, little evidence of claret on canvas and certainly no cages, this is not the MMA you know – and that is exactly the way officials want it. The sport made its debut at the Asian Games this week, an important step in a journey it hopes will lead to inclusion in other continental multi-sport events and eventually a place on the biggest stage of all, ideally at the Brisbane Olympics in 2032 if all goes...

Asian Games, day 5: teen sensation Ohashi sets world record, Haughey claims silver
Sep 24, 2026
Asian Games, day 5: teen sensation Ohashi sets world record, Haughey claims silver

Teen sensation Shin Ohashi laid down a marker for swimming’s best, powering to Asian Games 200m breaststroke gold in a world record time on Thursday. The 17-year-old Japanese swimmer came home in a time of two minutes, 04.83 seconds, shattering the previous best of 2:05.48 set by China’s Qin Haiyang in 2023. Kyrgyzstan’s Denis Petrashov took silver in 2:08.67, while the bronze medal went to South Korea’s Cho Sung-jae, who finished in 2:08.76. Moments earlier, Siobhan Haughey won her second...

Yu Yiting overcomes form dip, and the rise of Yu Zidi, to defend her Asian Games title
Sep 24, 2026
Yu Yiting overcomes form dip, and the rise of Yu Zidi, to defend her Asian Games title

Three years is a long time in sport, and all athletes have to deal with ups and downs, but few have quite experienced the challenge that emerging Chinese swimmer Yu Yiting has had to face: the sudden, if not entirely unexpected, rise of her teenage compatriot Yu Zidi. But despite facing some serious challenges from the much younger swimmer, Yu Yiting rediscovered her form just before the Asian Games and took her medal tally in Japan to four on Wednesday, storming back from behind at the turn to...

Nichola Yuen celebrates first Happy Valley win as David Eustace and Jerry Chau lead quartet of doubles
Sep 23, 2026
Nichola Yuen celebrates first Happy Valley win as David Eustace and Jerry Chau lead quartet of doubles

Apprentice Nichola Yuen Hang-yiu celebrated her first Happy Valley win on Wednesday night as trainers David Eustace and David Hall and jockeys Jerry Chau Chun-lok and Vincent Ho Chak-yiu fired in doubles. At her third meeting at the city circuit, Yuen was over the moon after lifting Pierre Ng Pang-chi’s Prestige Always to victory in the second section of the Class Three Mount Butler Handicap (1,200m). Despite being trapped three wide for the first half of the race, Prestige Always raced to the...

‘No broadcast, no problem’: Chinese media uses smartphones to stream Asian Games
Sep 23, 2026
‘No broadcast, no problem’: Chinese media uses smartphones to stream Asian Games

Table tennis fans had a unique experience watching star duo Wang Chuqin and Sun Yingsha beat their Uzbekistan opponents in the Asian Games, after state media used three smartphones to stream the match live to viewers back in China. The reason for the extraordinary measure? Out of nine competition tables, organisers of the Asian Games equipped only Tables 1 and 2 with broadcast cameras, leaving the rest without live coverage. Wang and Sun played on Table 4 at Sky Hall Toyota arena on...

Asian Games: weightlifter Ri sets 3 world records to win North Korea’s first medal
Sep 23, 2026
Asian Games: weightlifter Ri sets 3 world records to win North Korea’s first medal

North Korea’s Ri Song-gum set three world records to give her country their first gold in weightlifting at the Asian Games on Wednesday, while South Korea’s badminton world No 1 An Se-young had stern words for her watching father. Ri set the world records in the women’s 49kg class in Nagoya, joining an elite club of just four weightlifters who have won three Asian Games gold medals. The reigning two-time world champion added to her Asian Games golds in Jakarta in 2018 in the 48kg class and...

Asian Games: Natalie Kan ‘really surprised’ to win bronze, break record in 100m butterfly
Sep 23, 2026
Asian Games: Natalie Kan ‘really surprised’ to win bronze, break record in 100m butterfly

Hong Kong’s Natalie Kan Cheuk-tung beat her personal best time twice in a single day and broke a Hong Kong record set by Siobhan Haughey on her way to bronze in the women’s 100m butterfly at the Asian Games on Wednesday. The 24-year-old touched the wall in 58.05 seconds to finish third behind China’s Yu Yiting and Zhang Yufei, eclipsing Haughey’s previous city mark of 58.12 seconds set in 2023. China’s Yu and Zhang captured gold and silver with times of 56.41 and 56.44, respectively. Kan had...

Hong Kong’s Lydia Sham delivers on golden Asian Games promise to Exo member Kai
Sep 23, 2026
Hong Kong’s Lydia Sham delivers on golden Asian Games promise to Exo member Kai

Hong Kong wushu athlete Lydia Sham Hui-yu said a gruelling training schedule allowed her to deliver on an Asian Games gold medal pledge she made to her idol, Exo boy band member Kai. On Tuesday, after winning the women’s changquan event to secure Hong Kong’s first gold of the Asian Games, the 26-year-old posted a video on social media sharing the medal ceremony and tagging the official accounts of South Korean boy band Exo and Kai. “I kept the promise I made to Kim Jong-in [Kai] at the fan sign...

Asian Games, day 4: Tsang adds silver, Kan bronze as city’s medal tally grows
Sep 23, 2026
Asian Games, day 4: Tsang adds silver, Kan bronze as city’s medal tally grows

Hong Kong karate veteran Tsang Yee-ting finally stepped onto an Asian Games podium on Wednesday, taking silver in the women’s 50kg kumite final, and adding another medal to the city’s growing tally. There was success in the swimming pool too, with Natalie Kan Cheuk-tung taking bronze in the women’s 100m butterfly, while earlier, the men had won bronze in the team kata. In wushu, Leung Yu-hong beat Bintang Reindra Nada Guitara of Indonesia 2-1 to reach the men’s 60kg final, where he will face off...

Siobhan Haughey stakes claim as Hong Kong’s greatest athlete after fourth Asian Games title
Sep 23, 2026
Siobhan Haughey stakes claim as Hong Kong’s greatest athlete after fourth Asian Games title

Siobhan Haughey may have cemented her place as Hong Kong’s best athlete ever after capturing yet another Asian Games gold medal on Tuesday. Touching the wall first in 52.45 seconds – ahead of a pack of swimmers at least three years younger – to defend her women’s 100m freestyle title successfully pushed Haughey’s gold medal count at the regional multi-sports bonanza to four, after she also retained the 200m freestyle crown she won in Hangzhou the previous day. From showcasing to the world her...

YOUR NEWS, OUR NETWORK.

Do you have Great News you want to tell the world?

Be it updates about your business or your community, you can make sure that it’s heard by submitting your story to our network reaching hundreds of news sites across 6 verticals.

SukanKini focuses on the nation’s favorite sports and local leagues and the rivalry between our teams with other players across South East Asia and even all over the world.