Global Blockchain Technology in Healthcare Market Research Report 2018-2028 | Global Key Player – Blockpharma, Patientory, FarmaTrust
Blockchain Technology in Healthcare Market – Notable Developments
Key players in the blockchain technology in healthcare market include IBM, Hashed Health, Microsoft, PokitDok, Guardtime, iSolve, Gem, Factom, Chronicled, Proof.Work, Blockpharma, Patientory, FarmaTrust, SimplyVital Health, and Medicalchain. Some of the notable developments in the blockchain technology in healthcare market include,
- In September 2018, Taiwan-based Taipei Medical University Hospital established an online blockchain technology-based healthcare platform to improve management of patient data among medical institutes of the country.
- In January 2019, Aetna, now owned by CVS Health, collaborated with PNC Bank and IBM to design a blockchain healthcare network initiative which also includes Anthem and Health Care Service Corporation.
- In February 2019, CSE SG, a Singapore-based startup introduced a new generation Smart Contract 2.0 that features super-fast blockchain 3.0 technology. The company has partnered with the healthcare service providers in Thailand and Korea to integrate Smart Contract 2.0 with an aim to improve the healthcare management processes.
Get Sample Copy of the Report @ https://www.tmrresearch.com/sample/sample?flag=B&rep_id=4857
Blockchain Technology in Healthcare Market Dynamics
Blockchain Technology to Offer Patient-Centric Business Model
Blockchain allows a transparent yet secure patient data management and enables tracking of data across computing devices. The blockchain technology offers a consistent database stored through a single record which users can easily trace and audit. Also, the decentralized database wherein copies of data are stored at multiple places without the need of a third-party administrator eliminate the need for a middleman, thereby reducing the administration cost. These benefits allow the blockchain technology to maintain a transparent patient database, thereby holding the potential to establish a patient-centric business model in the healthcare systems. Blockchain technology in healthcare market is likely to benefit due to this.
Despite Great Potential, Blockchain Technology in Healthcare to Witness Slow Penetration
Integration of blockchain technology in healthcare includes a number of processes and stakeholders requirements including period of deployment – short, medium or long term, scalability and important safety features. Currently, blockchain is witnessing penetration in the back-office operations wherein the technology is utilized to enhance traceability of the supply chain. On the other hand, front-end operations of the healthcare industry can be significantly improved by enabling patient’s access to data through blockchain, however, penetration of the technology is expected to remain slow as the total integration of the blockchain technology will require big infrastructure changes and appropriate ecosystem. Blockchain technology in healthcare market is likely to benefit due to this.
Blockchain Technology in Healthcare Market – Regional Outlook
North America is expected to witness significant penetration of blockchain technology in healthcare sector during the forecast period. The reasons can be attributed to higher adoption rates of advanced medical technologies in the well-established healthcare infrastructure in the region. Steady healthcare expenditure is also expected to fuel the adoption of blockchain technology in healthcare in the coming years. While Europe represents the second leading revenues in the blockchain technology in healthcare market, Asia-Pacific is expected to witness rapid penetration of blockchain technology in healthcare market. Blockchain technology in healthcare market is likely to benefit due to this.
Request TOC of the Report @ https://www.tmrresearch.com/sample/sample?flag=T&rep_id=4857
Blockchain Technology in Healthcare Market – Segmentation
Blockchain technology in healthcare market is segmented based on application and end user.
Based on end user, the blockchain technology in healthcare market is segmented into,
- Healthcare payers
- Healthcare providers
- Pharmaceutical companies
Based on application, the blockchain technology in healthcare market is segmented into,
- Claims adjudication & billing management
- Clinical data exchange & interoperability
About TMR Research:
TMR Research is a premier provider of customized market research and consulting services to business entities keen on succeeding in today’s supercharged economic climate. Armed with an experienced, dedicated, and dynamic team of analysts, we are redefining the way our clients’ conduct business by providing them with authoritative and trusted research studies in tune with the latest methodologies and market trends.
3739 Balboa St # 1097,
San Francisco, CA 94121