Global Blockchain in Healthcare Market Set for Robust Growth, Forecasted to Reach $6.11 Billion by 2027 – World News Report

The Business Research Company’s Block Chain In Healthcare Global Market Report 2023 – Market Size, Trends, And Global Forecast 2023-2032

The Business Research Company’s Block Chain In Healthcare Global Market Report 2023 – Market Size, Trends, And Global Forecast 2023-2032

The market size of the blockchain in healthcare is expected to grow to $6.11 billion in 2027 at a CAGR of 38.3%.”

— The Business Research Company

LONDON, GREATER LONDON, UK, November 20, 2023 /EINPresswire.com/ — The global blockchain in healthcare market is anticipated to experience robust growth, with a projected increase from $1.23 billion in 2022 to $1.67 billion in 2023, displaying a notable Compound Annual Growth Rate (CAGR) of 36.1%. Despite the disruption caused by the Russia-Ukraine conflict and the lingering impact of the COVID-19 pandemic on the global economy, the market is positioned for substantial expansion, reaching an estimated value of $6.11 billion by 2027. This growth is primarily attributed to the increasing adoption of Blockchain as a Service (BaaS) solutions, offering innovative and secure solutions to address critical challenges faced by the healthcare industry, including supply chain management, data confidentiality, and efficient management of healthcare information.

Rising Adoption of Blockchain as a Service (BaaS) Drives Market Growth

The growing adoption of Blockchain as a Service (BaaS) stands as a key driver propelling the blockchain in healthcare market, with blockchain technology offering innovative solutions to address the unique challenges faced by the healthcare industry. These solutions encompass supply chain management, smart contracts, data confidentiality, alternative payment models, and effective virus outbreak tracking. Notably, the collaborative efforts between Moderna and IBM to enhance COVID-19 vaccination management represent a notable instance of blockchain technology being leveraged to facilitate real-time tracking and reduce supply chain disruptions, underscoring the pivotal role played by BaaS in fostering the growth of the blockchain in healthcare market.

Explore the comprehensive global blockchain in healthcare market analysis in the sample report:

Key Market Players and Technological Advancements in Healthcare

Industry leaders in the blockchain in healthcare domain, including IBM Corporation, Microsoft Corporation, and Guardtime Limited, are at the forefront of driving technological advancements and innovative solutions for the healthcare sector. With a focus on developing cutting-edge technological solutions, these companies aim to strengthen their position within the market and deliver superior and secure healthcare solutions tailored to the evolving needs of the industry.

Segments:

•Type: Permission Blockchains, Permissionless Blockchains
•Deployment Type: On-Premise, Cloud-Based
•Application: Supply Chain Management, Clinical Data Exchange And Interoperability, Claims Adjudication And Billing Management, Other Applications
•End User: Healthcare Providers, Pharmaceutical Companies, Healthcare Payers, Other End-Users
Global Market Dynamics and Regional Landscape

North America emerged as the largest region in the blockchain in healthcare market in 2022, with the Asia-Pacific region poised to exhibit the fastest growth during the forecast period. The diverse market dynamics and evolving trends across different regions highlight the significant opportunities and technological advancements shaping the blockchain in healthcare landscape, underscoring the industry’s commitment to innovation, technological advancement, and sustained market growth.

For comprehensive insights into the global blockchain in healthcare market, access the complete report here:

Block Chain In Healthcare Global Market Report 2023from TBRC covers the following information:
•Market size date for the forecast period: Historical and Future
•Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
•Market analysis by countries:Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Trends, opportunities, strategies and so much more.

TheBlock Chain In Healthcare Global Market Report 2023byThe Business Research Company is the most comprehensive report that provides insights on block chain In healthcare market size, block chain In healthcare market drivers and trends, block chain In medicine market major players, blockchain in healthcare market competitors’ revenues, blockchain in healthcare market positioning, and blockchain in healthcare market growth across geographies.The block chain In healthcare market report helps you gain in-depth insights on opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.

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