MARKET INTRODUCTION
Blockchain technology is used to collect and track information about transaction on real time basis. It is broadly defined as a decentralized system where a real time transactions are recorded and shared across peer-to-peer computer network. Blockchain technology provides healthcare services across the globe. Blockchain technology offers its services related to drug traceability. The technology helps drugs production facilities to lay down responsive actions by identifying the drug's exact location.
MARKET DYNAMICS
The rising need of patient confidentiality in hospitals and healthcare centers are increasing the demand of blockchain technology in healthcare market. Furthermore, growing need of network infrastructure security and uniform pattern of authorization to access electronic health information in hospitals are increasing the demand of block chain technology. However, a lack of awareness about the benefits of blockchain in the healthcare industry and a lack of skilled professionals can hamper the growth of the market. Besides, increasing government initiatives and growing investments in the development of efficient healthcare record systems is expected to increase the application of block chain technology in upcoming years and anticipated to drive the market growth in forecast years.
MARKET SCOPE
The "Global Blockchain in Healthcare Market Analysis To 2028" is a specialized and in-depth study of the technology, media, and telecommunication industry with a special focus on the global market trend analysis. The blockchain in healthcare market report aims to provide an overview of blockchain in healthcare market with detailed market segmentation by application, end-user, and geography. The global blockchain in healthcare market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading blockchain in healthcare market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global blockchain in healthcare market is segmented based on application and end-user. Based on application, the blockchain in healthcare market is segmented into claims and billing management, regulatory audit, drug supply chain management, clinical data exchange and interoperability. Based on end-user, the blockchain in healthcare market is segmented into healthcare providers, healthcare service consumers, and pharmaceutical enterprises.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global blockchain in healthcare market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The blockchain in healthcare market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the blockchain in healthcare market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely, North America, Europe, APAC, MEA, and South& Central America after evaluating political, economic, social and technological factors affecting the blockchain in healthcare market in these regions.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global blockchain in healthcare market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The blockchain in healthcare market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the blockchain in healthcare market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely, North America, Europe, APAC, MEA, and South& Central America after evaluating political, economic, social and technological factors affecting the blockchain in healthcare market in these regions.
MARKET PLAYERS
The reports cover key developments in the blockchain in healthcare market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from blockchain in healthcare market are anticipated to lucrative growth opportunities in the future with the rising demand for filter products in the global market. Below mentioned is the list of few companies engaged in the blockchain in healthcare market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the blockchain in healthcare market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Deepmind Health
- Factom Inc.
- Gem Guardtim
- IBM Corporation
- iSolve LLC
- Microsoft Corporation
- Change Healthcare
- Proof.Work
- SimplyVital Health Inc.
- Blockpharma
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
TABLE OF CONTENTS
1.INTRODUCTION
1.1.SCOPE OF THE STUDY
1.2.THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3.MARKET SEGMENTATION
1.3.1Blockchain In Healthcare Market - By Application
1.3.2Blockchain In Healthcare Market - By End-User
1.3.3Blockchain In Healthcare Market - By Region
1.3.3.1By Country
2.KEY TAKEAWAYS
3.RESEARCH METHODOLOGY
4.BLOCKCHAIN IN HEALTHCARE MARKET LANDSCAPE
4.1.OVERVIEW
4.2.PORTER'S FIVE FORCES ANALYSIS
4.2.1Bargaining Power of Buyers
4.2.1Bargaining Power of Suppliers
4.2.1Threat of Substitute
4.2.1Threat of New Entrants
4.2.1Competitive Rivalry
4.3.ECOSYSTEM ANALYSIS
4.4.EXPERT OPINIONS
5.BLOCKCHAIN IN HEALTHCARE MARKET - KEY MARKET DYNAMICS
5.1.KEY MARKET DRIVERS
5.2.KEY MARKET RESTRAINTS
5.3.KEY MARKET OPPORTUNITIES
5.4.FUTURE TRENDS
5.5.IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6.BLOCKCHAIN IN HEALTHCARE MARKET - GLOBAL MARKET ANALYSIS
6.1.BLOCKCHAIN IN HEALTHCARE - GLOBAL MARKET OVERVIEW
6.2.BLOCKCHAIN IN HEALTHCARE - GLOBAL MARKET AND FORECAST TO 2028
6.3.MARKET POSITIONING/MARKET SHARE
7.BLOCKCHAIN IN HEALTHCARE MARKET - REVENUE AND FORECASTS TO 2028 â APPLICATION
7.1.OVERVIEW
7.2.APPLICATION MARKET FORECASTS AND ANALYSIS
7.3.CLAIMS AND BILLING MANAGEMENT
7.3.1.Overview
7.3.2.Claims and Billing Management Market Forecast and Analysis
7.4.REGULATORY AUDIT
7.4.1.Overview
7.4.2.Regulatory Audit Market Forecast and Analysis
7.5.DRUG SUPPLY CHAIN MANAGEMENT
7.5.1.Overview
7.5.2.Drug Supply Chain Management Market Forecast and Analysis
7.6.CLINICAL DATA EXCHANGE AND INTEROPERABILITY
7.6.1.Overview
7.6.2.Clinical Data Exchange and Interoperability Market Forecast and Analysis
8.BLOCKCHAIN IN HEALTHCARE MARKET - REVENUE AND FORECASTS TO 2028 â END-USER
8.1.OVERVIEW
8.2.END-USER MARKET FORECASTS AND ANALYSIS
8.3.HEALTHCARE PROVIDERS
8.3.1.Overview
8.3.2.Healthcare Providers Market Forecast and Analysis
8.4.HEALTHCARE SERVICE CONSUMERS
8.4.1.Overview
8.4.2.Healthcare Service Consumers Market Forecast and Analysis
8.5.PHARMACEUTICAL ENTERPRISES
8.5.1.Overview
8.5.2.Pharmaceutical Enterprises Market Forecast and Analysis
9.BLOCKCHAIN IN HEALTHCARE MARKET REVENUE AND FORECASTS TO 2028 â GEOGRAPHICAL ANALYSIS
9.1.NORTH AMERICA
9.1.1North America Blockchain In Healthcare Market Overview
9.1.2North America Blockchain In Healthcare Market Forecasts and Analysis
9.1.3North America Blockchain In Healthcare Market Forecasts and Analysis - By Application
9.1.4North America Blockchain In Healthcare Market Forecasts and Analysis - By End-User
9.1.5North America Blockchain In Healthcare Market Forecasts and Analysis - By Countries
9.1.5.1United States Blockchain In Healthcare Market
9.1.5.1.1United States Blockchain In Healthcare Market by Application
9.1.5.1.2United States Blockchain In Healthcare Market by End-User
9.1.5.2Canada Blockchain In Healthcare Market
9.1.5.2.1Canada Blockchain In Healthcare Market by Application
9.1.5.2.2Canada Blockchain In Healthcare Market by End-User
9.1.5.3Mexico Blockchain In Healthcare Market
9.1.5.3.1Mexico Blockchain In Healthcare Market by Application
9.1.5.3.2Mexico Blockchain In Healthcare Market by End-User
9.2.EUROPE
9.2.1Europe Blockchain In Healthcare Market Overview
9.2.2Europe Blockchain In Healthcare Market Forecasts and Analysis
9.2.3Europe Blockchain In Healthcare Market Forecasts and Analysis - By Application
9.2.4Europe Blockchain In Healthcare Market Forecasts and Analysis - By End-User
9.2.5Europe Blockchain In Healthcare Market Forecasts and Analysis - By Countries
9.2.5.1Germany Blockchain In Healthcare Market
9.2.5.1.1Germany Blockchain In Healthcare Market by Application
9.2.5.1.2Germany Blockchain In Healthcare Market by End-User
9.2.5.2France Blockchain In Healthcare Market
9.2.5.2.1France Blockchain In Healthcare Market by Application
9.2.5.2.2France Blockchain In Healthcare Market by End-User
9.2.5.3Italy Blockchain In Healthcare Market
9.2.5.3.1Italy Blockchain In Healthcare Market by Application
9.2.5.3.2Italy Blockchain In Healthcare Market by End-User
9.2.5.4United Kingdom Blockchain In Healthcare Market
9.2.5.4.1United Kingdom Blockchain In Healthcare Market by Application
9.2.5.4.2United Kingdom Blockchain In Healthcare Market by End-User
9.2.5.5Russia Blockchain In Healthcare Market
9.2.5.5.1Russia Blockchain In Healthcare Market by Application
9.2.5.5.2Russia Blockchain In Healthcare Market by End-User
9.2.5.6Rest of Europe Blockchain In Healthcare Market
9.2.5.6.1Rest of Europe Blockchain In Healthcare Market by Application
9.2.5.6.2Rest of Europe Blockchain In Healthcare Market by End-User
9.3.ASIA-PACIFIC
9.3.1Asia-Pacific Blockchain In Healthcare Market Overview
9.3.2Asia-Pacific Blockchain In Healthcare Market Forecasts and Analysis
9.3.3Asia-Pacific Blockchain In Healthcare Market Forecasts and Analysis - By Application
9.3.4Asia-Pacific Blockchain In Healthcare Market Forecasts and Analysis - By End-User
9.3.5Asia-Pacific Blockchain In Healthcare Market Forecasts and Analysis - By Countries
9.3.5.1Australia Blockchain In Healthcare Market
9.3.5.1.1Australia Blockchain In Healthcare Market by Application
9.3.5.1.2Australia Blockchain In Healthcare Market by End-User
9.3.5.2China Blockchain In Healthcare Market
9.3.5.2.1China Blockchain In Healthcare Market by Application
9.3.5.2.2China Blockchain In Healthcare Market by End-User
9.3.5.3India Blockchain In Healthcare Market
9.3.5.3.1India Blockchain In Healthcare Market by Application
9.3.5.3.2India Blockchain In Healthcare Market by End-User
9.3.5.4Japan Blockchain In Healthcare Market
9.3.5.4.1Japan Blockchain In Healthcare Market by Application
9.3.5.4.2Japan Blockchain In Healthcare Market by End-User
9.3.5.5South Korea Blockchain In Healthcare Market
9.3.5.5.1South Korea Blockchain In Healthcare Market by Application
9.3.5.5.2South Korea Blockchain In Healthcare Market by End-User
9.3.5.6Rest of Asia-Pacific Blockchain In Healthcare Market
9.3.5.6.1Rest of Asia-Pacific Blockchain In Healthcare Market by Application
9.3.5.6.2Rest of Asia-Pacific Blockchain In Healthcare Market by End-User
9.4.MIDDLE EAST AND AFRICA
9.4.1Middle East and Africa Blockchain In Healthcare Market Overview
9.4.2Middle East and Africa Blockchain In Healthcare Market Forecasts and Analysis
9.4.3Middle East and Africa Blockchain In Healthcare Market Forecasts and Analysis - By Application
9.4.4Middle East and Africa Blockchain In Healthcare Market Forecasts and Analysis - By End-User
9.4.5Middle East and Africa Blockchain In Healthcare Market Forecasts and Analysis - By Countries
9.4.5.1South Africa Blockchain In Healthcare Market
9.4.5.1.1South Africa Blockchain In Healthcare Market by Application
9.4.5.1.2South Africa Blockchain In Healthcare Market by End-User
9.4.5.2Saudi Arabia Blockchain In Healthcare Market
9.4.5.2.1Saudi Arabia Blockchain In Healthcare Market by Application
9.4.5.2.2Saudi Arabia Blockchain In Healthcare Market by End-User
9.4.5.3U.A.E Blockchain In Healthcare Market
9.4.5.3.1U.A.E Blockchain In Healthcare Market by Application
9.4.5.3.2U.A.E Blockchain In Healthcare Market by End-User
9.4.5.4Rest of Middle East and Africa Blockchain In Healthcare Market
9.4.5.4.1Rest of Middle East and Africa Blockchain In Healthcare Market by Application
9.4.5.4.2Rest of Middle East and Africa Blockchain In Healthcare Market by End-User
9.5.SOUTH AND CENTRAL AMERICA
9.5.1South and Central America Blockchain In Healthcare Market Overview
9.5.2South and Central America Blockchain In Healthcare Market Forecasts and Analysis
9.5.3South and Central America Blockchain In Healthcare Market Forecasts and Analysis - By Application
9.5.4South and Central America Blockchain In Healthcare Market Forecasts and Analysis - By End-User
9.5.5South and Central America Blockchain In Healthcare Market Forecasts and Analysis - By Countries
9.5.5.1Brazil Blockchain In Healthcare Market
9.5.5.1.1Brazil Blockchain In Healthcare Market by Application
9.5.5.1.2Brazil Blockchain In Healthcare Market by End-User
9.5.5.2Argentina Blockchain In Healthcare Market
9.5.5.2.1Argentina Blockchain In Healthcare Market by Application
9.5.5.2.2Argentina Blockchain In Healthcare Market by End-User
9.5.5.3Rest of South and Central America Blockchain In Healthcare Market
9.5.5.3.1Rest of South and Central America Blockchain In Healthcare Market by Application
9.5.5.3.2Rest of South and Central America Blockchain In Healthcare Market by End-User
10.INDUSTRY LANDSCAPE
10.1.MERGERS AND ACQUISITIONS
10.2.AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3.NEW PRODUCT LAUNCHES
10.4.EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11.BLOCKCHAIN IN HEALTHCARE MARKET, KEY COMPANY PROFILES
11.1.DEEPMIND HEALTH
11.1.1.Key Facts
11.1.2.Business Description
11.1.3.Products and Services
11.1.4.Financial Overview
11.1.5.SWOT Analysis
11.1.6.Key Developments
11.2.FACTOM INC
11.2.1.Key Facts
11.2.2.Business Description
11.2.3.Products and Services
11.2.4.Financial Overview
11.2.5.SWOT Analysis
11.2.6.Key Developments
11.3.GEM GUARDTIM
11.3.1.Key Facts
11.3.2.Business Description
11.3.3.Products and Services
11.3.4.Financial Overview
11.3.5.SWOT Analysis
11.3.6.Key Developments
11.4.IBM CORPORATION
11.4.1.Key Facts
11.4.2.Business Description
11.4.3.Products and Services
11.4.4.Financial Overview
11.4.5.SWOT Analysis
11.4.6.Key Developments
11.5.ISOLVE LLC
11.5.1.Key Facts
11.5.2.Business Description
11.5.3.Products and Services
11.5.4.Financial Overview
11.5.5.SWOT Analysis
11.5.6.Key Developments
11.6.MICROSOFT CORPORATION
11.6.1.Key Facts
11.6.2.Business Description
11.6.3.Products and Services
11.6.4.Financial Overview
11.6.5.SWOT Analysis
11.6.6.Key Developments
11.7.CHANGE HEALTHCARE
11.7.1.Key Facts
11.7.2.Business Description
11.7.3.Products and Services
11.7.4.Financial Overview
11.7.5.SWOT Analysis
11.7.6.Key Developments
11.8.PROOF.WORK
11.8.1.Key Facts
11.8.2.Business Description
11.8.3.Products and Services
11.8.4.Financial Overview
11.8.5.SWOT Analysis
11.8.6.Key Developments
11.9.SIMPLYVITAL HEALTH INC
11.9.1.Key Facts
11.9.2.Business Description
11.9.3.Products and Services
11.9.4.Financial Overview
11.9.5.SWOT Analysis
11.9.6.Key Developments
11.10.BLOCKPHARMA
11.10.1.Key Facts
11.10.2.Business Description
11.10.3.Products and Services
11.10.4.Financial Overview
11.10.5.SWOT Analysis
11.10.6.Key Developments
12.APPENDIX
12.1.ABOUT THE INSIGHT PARTNERS
12.2.GLOSSARY OF TERMS
The List of Companies
1. Deepmind Health
2. Factom Inc
3. Gem Guardtim
4. IBM Corporation
5. iSolve LLC
6. Microsoft Corporation
7. Change Healthcare
8. Proof.Work
9. SimplyVital Health Inc
10. Blockpharma
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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