?Blockchain technology can transform healthcare by increasing the privacy, security, and interoperability of health data. Blockchain technology has the potential to make electronic medical records more efficient, disintermediated, and secure to provide a new model for health information exchanges (HIE). Blockchain technology has applications ranging from management of supply chain for the drugs and equipment to the drug verification. Moreover, the technology enables patients and doctors to share electronic health records (EHRs). Blockchain in healthcare market is growing with a considerable rate during the forecast period. Some of the major factors fuelling the blockchain in the healthcare market include increasing demand for the decentralization of medical records, growing integration of advanced technology in healthcare services, and surge in the security concerns.

EHR is one of the preventive measures adopted by various healthcare providers to reduce medical errors. Integration of blockchain with EHR is strengthening the decentralization of data. Therefore, the growing requirement for decentralization of medical records is propelling the market considerably. With the medical technology growing on the cloud with the help of IoT, the need for the decentralized platform is anticipated to create market opportunities to the service providers. Fight against counterfeit drugs and its illegal transportation across the globe is gathering the drug management organizations to create a number of opportunities in the blockchain market.

The global blockchain in the healthcare market is segmented on the basis of the deployment method and application. The market is segmented into private, public, and hybrid on the basis of the deployment method. On the basis of application, the global blockchain in healthcare market is segmented into supply chain traceability, medical financial services, and data exchange & interoperability. Supply chain traceability segment is expected to hold the prominent share in the market due to the adoption of public blockchain platforms to smoothen the drug and device supply efficiently across the countries. In addition, implementation of strict regulations such as the Falsified Medicines Directive (FMD) in Europe, and the Drug Quality and Security Act (DQSA) in the US for dealing with the counterfeit medicines is surging the adoption of blockchain technology in supply chain traceability.

Geographically, North America is expected to hold the dominant share in the global blockchain in healthcare market due to the presence of a comparatively high number of blockchain based software companies, particularly in the US. In addition, due to well-established ICT (Information and Communication Technology) industry in the US and Canada, considerable rate of adoption of the blockchain-based platform in the US further give a boost to the market in the region. Moreover, technology integration in the healthcare sector is propelling the blockchain technology market in North America. Europe is another significant market in the global blockchain in healthcare market. Developed an understanding of advanced technology in the European economies is the major factor contributing to the substantial market share of Europe.  Some of the players operating in the market include Accenture PLC, IBM Corp., Microsoft Corp., Amazon Web Services, Inc., LeewayHertz BigchainDB GmbH, and others.

Research Methodology:

The market study of the global blockchain in healthcare market is incorporated by extensive primary and secondary research conducted by a research team at OMR.  Secondary research has been conducted to refine the available data to break down the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macroeconomic factors. Numbers extracted from Secondary research have been authenticated by conducting primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings the authenticity of our reports.

Secondary Sources Include:

• Financial reports of companies involved in the market
• Whitepapers, research-papers and news blogs
• Company websites and their product catalog.

The report is intended for ICT industry market players, pharmaceutical companies, potential startups, blockchain technology vendors, healthcare service providers, research institutes, investment companies and venture capitalists, government organizations for overall market analysis and competitive analysis. The report will serve as a source for 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions.

Market Segmentation:

• Global Blockchain In Healthcare Market Market Research and Analysis by Deployment Method
• Global Blockchain In Healthcare Market Market Research and Analysis by Application

The Report Covers:

• Comprehensive research methodology of the global blockchain in healthcare market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the global blockchain in healthcare market.
• Insights about market determinants which are stimulating the global blockchain in healthcare market.
• Detailed and extensive market segments with regional distribution of forecast revenues.
• Extensive profiles and recent developments of market players.