Global Blockchain Technology in Healthcare Market: By Application (Data Exchange and Interoperability, Claims Adjudication & Billing Management, Drug Supply Chain Integrity, Clinical Trials, and Cyber Security & Internet of Medical Things), End-user (Pharmaceutical Companies, Healthcare Payers, Healthcare Providers), and Region - Industry Analysis and Forecast to 2025.
The global blockchain technology in healthcare market is expected to grow from USD 50.6 million in 2020 to USD 850.1 million by 2025 at a CAGR of 65.3%.
This market research report provides an in-depth information on trends, dynamics, revenue opportunities, competitive landscape, and recent developments in the global blockchain technology in healthcare market. The historic years considered for the study are 2016-2018, base year is 2019, estimated year is 2020, and forecast period is 2021-2025.
Key players operating in the global blockchain technology in healthcare market are IBM, Microsoft, Guardtime, PokitDok, Gem, Chronicled, iSolve, Hashed Health, Patientory, Factom, Proof.Work, SimplyVital Health, FarmaTrust, Blockpharma, and Medicalchain.
Market Definition
A digital ledger used to collect and track the transaction on real time basis is known as Blockchain technology. It is convenient, inexpensive and efficient in data management.
Market Drivers
• Increasing incidence of data breaches.
Market Restraints
• Cautious in disclosing data due to various regulations
Market Challenges
• Lack of awareness & understanding among the end users.
Critical Questions Answered in the Report
What are the key trends in the global blockchain technology in healthcare market?
How the market (and its various sub segments) has grown in last four years and what would be the growth rate in next five years?
What are the key strategies adopted by the major vendors to lead in the global blockchain technology in healthcare market?
What is the market share of the top vendors?
The study extensively uses both secondary and primary research methodologies. More than 100 industry experts from different phases of the value chain (supply side, demand side, resellers/distributors, and independent consultants) were interviewed to gain key insights about the market and validate the research findings. Secondary sources referred for the research study include company websites, annual reports, paid database tools, investor presentations, webinars, blogs, news/journals, whitepapers, survey papers, associations, and government websites. All the collected data and insights were then processed using our proprietary data mining software that executes various algorithms to make projections for the forecast period.
1 Executive Summary
2 Market Introduction
2.1 Definition
2.2 Architecture
2.3 Scope of the Study
2.4 Related Stakeholders
3 Research Methodology
3.1 Introduction
3.2 Primary Research
3.2.1 Key Insights
3.2.2 Breakdown of Primary Interviews
3.3 Secondary Research
3.3.1 Important Sources
3.4 Market Size Estimation Approaches
3.4.1 Top-Down Approach
3.4.2 Bottom-Up Approach
3.4.3 Data Triangulation
3.5 List of Assumptions
4 Market Dynamics
4.1 Introduction
4.2 Drivers
4.2.1 Increasing incidence of data breaches
4.3 Restraints
4.3.1 Cautious in disclosing data due to various regulations
4.4 Challenges
4.4.1 Lack of awareness & understanding among the end users
4.5 Porter's Five Forces Model Analysis
4.6 Value Chain Analysis
4.7 Regulatory Landscape
5 Global Blockchain Technology in Healthcare Market, By Application
5.1 Introduction
5.2 Data Exchange & Interoperability
5.3 Claims Adjudication & Billing Management
5.4 Drug Supply Chain Integrity
5.5 Clinical Trials
5.6 Cyber Security & Internet of Medical Things
6 Global Blockchain Technology in Healthcare Market, By End User
6.1 Introduction
6.2 Pharmaceutical Companies
6.3 Healthcare Payers
6.4 Healthcare Providers
7 Global Blockchain Technology in Healthcare Market, By Region
7.1 Introduction
7.2 North America
7.2.1 US
7.2.2 Canada
7.2.3 Mexico
7.3 Europe
7.3.1 Germany
7.3.2 UK
7.3.3 France
7.3.4 Italy
7.3.5 Spain
7.3.6 Rest of Europe
7.4 Asia-Pacific
7.4.1 China
7.4.2 India
7.4.3 Japan
7.4.4 South Korea
7.4.5 Rest of Asia-Pacific
7.5 Middle East and Africa
7.6 South America
8 Competitive Landscape
8.1 Introduction
8.2 Vendor Evaluation Criteria
8.3 Market Share Analysis, 2019 (%)
8.4 Recent Developments, 2016-2019
8.4.1 New Application Launches
8.4.2 Partnerships
8.4.3 Mergers or Acquisitions
8.4.4 Business Expansions
9 Company Profiles
(This section covers the Business Overview, Financial Overview, Products & Service Offerings, Recent Developments, SWOT Analysis, and Key Strategies of the top market vendors. The given sequence does not represent their rankings in the market.)
9.1 IBM
9.2 Microsoft
9.3 Guardtime
9.4 PokitDok
9.5 Gem
9.6 Chronicled
9.7 iSolve
9.8 Hashed Health
9.9 Patientory
9.10 Factom
9.11 Proof.Work
9.12 SimplyVital Health
9.13 FarmaTrust
9.14 Blockpharma
9.15 Medicalchain
10 Appendix
10.1 Discussion Guide
10.2 Customization Options
10.3 Related Reports
List of Tables
Table 1 Global Blockchain Technology in Healthcare Market, By Application, 2016-2025 (USD Million)
Table 2 Global Blockchain Technology in Healthcare Market, By End User, 2016-2025 (USD Million)
Table 3 Global Blockchain Technology in Healthcare Market, By Region, 2016-2025 (USD Million)
Table 4 North America Blockchain Technology in Healthcare Market, By Country, 2016-2025 (USD Million)
Table 5 North America Blockchain Technology in Healthcare Market, By Application, 2016-2025 (USD Million)
Table 6 North America Blockchain Technology in Healthcare Market, By End User, 2016-2025 (USD Million)
Table 7 US Blockchain Technology in Healthcare Market, By Application, 2016-2025 (USD Million)
Table 8 US Blockchain Technology in Healthcare Market, By End User, 2016-2025 (USD Million)
Table 9 Canada Blockchain Technology in Healthcare Market, By Application, 2016-2025 (USD Million)
Table 10 Canada Blockchain Technology in Healthcare Market, By End User, 2016-2025 (USD Million)
Table 11 Mexico Blockchain Technology in Healthcare Market, By Application, 2016-2025 (USD Million)
Table 12 Mexico Blockchain Technology in Healthcare Market, By End User, 2016-2025 (USD Million)
Table 13 Europe Blockchain Technology in Healthcare Market, By Country, 2016-2025 (USD Million)
Table 14 Europe Blockchain Technology in Healthcare Market, By Application, 2016-2025 (USD Million)
Table 15 Europe Blockchain Technology in Healthcare Market, By End User, 2016-2025 (USD Million)
Table 16 Germany Blockchain Technology in Healthcare Market, By Application, 2016-2025 (USD Million)
Table 17 Germany Blockchain Technology in Healthcare Market, By End User, 2016-2025 (USD Million)
Table 18 UK Blockchain Technology in Healthcare Market, By Application, 2016-2025 (USD Million)
Table 19 UK Blockchain Technology in Healthcare Market, By End User, 2016-2025 (USD Million)
Table 20 France Blockchain Technology in Healthcare Market, By Application, 2016-2025 (USD Million)
Table 21 France Blockchain Technology in Healthcare Market, By End User, 2016-2025 (USD Million)
Table 22 Italy Blockchain Technology in Healthcare Market, By Application, 2016-2025 (USD Million)
Table 23 Italy Blockchain Technology in Healthcare Market, By End User, 2016-2025 (USD Million)
Table 24 Spain Blockchain Technology in Healthcare Market, By Application, 2016-2025 (USD Million)
Table 25 Spain Blockchain Technology in Healthcare Market, By End User, 2016-2025 (USD Million)
Table 26 Rest of Europe Blockchain Technology in Healthcare Market, By Application, 2016-2025 (USD Million)
Table 27 Rest of Europe Blockchain Technology in Healthcare Market, By End User, 2016-2025 (USD Million)
Table 28 Asia-Pacific Blockchain Technology in Healthcare Market, By Country, 2016-2025 (USD Million)
Table 29 Asia-Pacific Blockchain Technology in Healthcare Market, By Application, 2016-2025 (USD Million)
Table 30 Asia-Pacific Blockchain Technology in Healthcare Market, By End User, 2016-2025 (USD Million)
Table 31 China Blockchain Technology in Healthcare Market, By Application, 2016-2025 (USD Million)
Table 32 China Blockchain Technology in Healthcare Market, By End User, 2016-2025 (USD Million)
Table 33 India Blockchain Technology in Healthcare Market, By Application, 2016-2025 (USD Million)
Table 34 India Blockchain Technology in Healthcare Market, By End User, 2016-2025 (USD Million)
Table 35 Japan Blockchain Technology in Healthcare Market, By Application, 2016-2025 (USD Million)
Table 36 Japan Blockchain Technology in Healthcare Market, By End User, 2016-2025 (USD Million)
Table 37 South Korea Blockchain Technology in Healthcare Market, By Application, 2016-2025 (USD Million)
Table 38 South Korea Blockchain Technology in Healthcare Market, By End User, 2016-2025 (USD Million)
Table 39 Rest of Asia-Pacific Blockchain Technology in Healthcare Market, By Application, 2016-2025 (USD Million)
Table 40 Rest of Asia-Pacific Blockchain Technology in Healthcare Market, By End User, 2016-2025 (USD Million)
Table 41 Middle East and Africa Blockchain Technology in Healthcare Market, By Application, 2016-2025 (USD Million)
Table 42 Middle East and Africa Blockchain Technology in Healthcare Market, By End User, 2016-2025 (USD Million)
Table 43 South America Blockchain Technology in Healthcare Market, By Application, 2016-2025 (USD Million)
Table 44 South America Blockchain Technology in Healthcare Market, By End User, 2016-2025 (USD Million)
List of Figures
Figure 1 Global Blockchain Technology in Healthcare Market: Market Segmentation
Figure 2 Global Blockchain Technology in Healthcare Market: Research Methodology
Figure 3 Breakdown of Primary Interviews
Figure 4 Top Down Approach
Figure 5 Bottom Up Approach
Figure 6 Data Triangulation
Figure 7 Global Blockchain Technology in Healthcare Market: Drivers, Restraints, Opportunities, and Challenges
Figure 8 Global Blockchain Technology in Healthcare Market: Porter's Five Forces Model Analysis
Figure 9 Global Blockchain Technology in Healthcare Market: Value Chain Analysis
Figure 10 Global Blockchain Technology in Healthcare Market Share Analysis, By Application, 2020 and 2025
Figure 11 Global Blockchain Technology in Healthcare Market Share Analysis, By End User, 2020 and 2025
Figure 12 Global Blockchain Technology in Healthcare Market Share Analysis, By Region, 2020 and 2025
Figure 13 North America Blockchain Technology in Healthcare Market Share Analysis, By Country, 2020 and 2025
Figure 14 North America Blockchain Technology in Healthcare Market Share Analysis, By Application, 2020 and 2025
Figure 15 North America Blockchain Technology in Healthcare Market Share Analysis, By End User, 2020 and 2025
Figure 16 Europe Blockchain Technology in Healthcare Market Share Analysis, By Country, 2020 and 2025
Figure 17 Europe Blockchain Technology in Healthcare Market Share Analysis, By Application, 2020 and 2025
Figure 18 Europe Blockchain Technology in Healthcare Market Share Analysis, By End User, 2020 and 2025
Figure 19 Asia-Pacific Blockchain Technology in Healthcare Market Share Analysis, By Country, 2020 and 2025
Figure 20 Asia-Pacific Blockchain Technology in Healthcare Market Share Analysis, By Application, 2020 and 2025
Figure 21 Asia-Pacific Blockchain Technology in Healthcare Market Share Analysis, By End User, 2020 and 2025
Figure 22 Middle East and Africa Blockchain Technology in Healthcare Market Share Analysis, By Application, 2020 and 2025
Figure 23 Middle East and Africa Blockchain Technology in Healthcare Market Share Analysis, By End User, 2020 and 2025
Figure 24 South America Blockchain Technology in Healthcare Market Share Analysis, By Application, 2020 and 2025
Figure 25 South America Blockchain Technology in Healthcare Market Share Analysis, By End User, 2020 and 2025
Figure 26 Global Blockchain Technology in Healthcare Market: Competitive Benchmarking
Figure 27 Global Blockchain Technology in Healthcare Market: Vendor Share Analysis, 2020 (%)