Global Blockchain Technology in Healthcare market expected to grow significantly, dominated by public segment

From GlobeNewswire: 2024-09-03 01:00:00

The Global Blockchain Technology in Healthcare Market is projected to grow from USD 2.84 billion in 2023 to USD 90.52 billion by 2033, with a CAGR of 41.37%. Blockchain networks are revolutionizing data transfer in healthcare, with interest from various stakeholders. Security concerns in the healthcare sector drive the demand for transparent data management solutions.

The public segment is expected to dominate the global blockchain technology in healthcare market, with public blockchains offering decentralized security. Supply chain management holds the largest market share, offering visibility and traceability for medical supplies. Healthcare payers are anticipated to lead in market share, driven by factors like insurance fraud and medical tourism growth.

North America is set to lead the global blockchain technology in healthcare market, while Asia Pacific is expected to see the fastest growth. Governments are actively promoting blockchain technology for its potential to prevent counterfeit drugs. Major players in the market include PharmaLedger, IBM, and Oracle. In recent developments, PharmaLedger launched the first electronic product information for blockchain products to revolutionize patient access to information.

Market segmentation includes network type, application, end-user, and region. Subsegments cover various regions and countries to provide detailed insights. Spherical Insights & Consulting offers market research and consulting services tailored to help businesses achieve their objectives. For more information on your target market, contact Spherical Insights & Consulting for actionable insights and strategic improvements.



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