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Report
Global Blockchain Technology in Healthcare Market
Market Research Report I 2022-06-07 I 184 Pages I BCC Research
Description
Report Scope:
In this report, the market has been segmented based on deployment mode, end user, application, and geography. The report provides an overview of the global blockchain technologies in the healthcare market and analyzes market trends. Using 2021 as the base year, the report provides estimated market data for the forecast period of 2022-2027. Market values have been estimated based on the total revenue of blockchain solution providers.
The report covers the market for blockchain about the user base across different regions. It also highlights major trends and challenges that affect the market and the vendor landscape. The report estimates the global market for blockchain in 2021 and provides projections for the expected market size through 2027.
The scope of the study includes the blockchain development platform and associated services as well as services associated with the platform. However, cryptocurrency wallets and mobile applications developed in the blockchain platform, predeveloped blockchain applications, and physical services have been excluded from the study.
Report Includes:
- 43 data tables and 42 additional tables
- An up-to-date review of the global markets for blockchain technology in healthcare industry
- Analyses of global market trends, with historic market revenue data for 2021, estimates for 2022, 2023 and 2025, and projections of compound annual growth rates (CAGRs) through 2027
- Evaluation and forecast the market size for blockchain technology in healthcare, projected growth trends, and corresponding market share analysis by deployment mode, application, end-user, and geographic region
- Technology assessment of the key drivers, restraints and opportunities that will shape this market over the next few years (2022 to 2027)
- Description of blockchain technology applications in clinical trials, drug traceability, electronic health records (EHRs), precision medicine, and others including genomics research
- In-depth information on increasing investments on R&D activities, key technology issues, industry specific challenges, major types of end-user markets, and COVID-19 implications on the progress of this market
- Identification of the major stakeholders and analysis of the competitive landscape based on recent developments and segmental revenues
- Updated information on the key mergers and acquisitions, collaborations, partnerships, product launches, and other development strategies within the market for blockchain technology in healthcare
- Comprehensive company profiles of the leading market players, including Coral Health Inc., doc.ai Inc., IBM Corp., Huawei Technologies Co. Ltd., Microsoft Corp., and Oracle Corp.
Executive Summary
Summary:
In this report, BCC Research examined how blockchain technology in the healthcare market is changing and how it has evolved. This analysis includes a detailed survey of new organizations in the market as well as existing organizations. At the industry level, BCC Research identified, examined, and provided global and regional market size for 2021 and forecasts demand from 2022 through 2027.
Healthcare is on the verge of undergoing a major transformation in its digital environment. Current security and interoperability features are not fully supported by the system. Medical data must be portable and interoperable between systems to be utilized to its fullest extent. In light of the growing number of wearable devices and numerous new IoT devices that are interconnected while utilizing their data flows, improved security is needed and made readily available to healthcare professionals. These challenges may be mitigated with the help of blockchain technology and its interoperability, integrity, and security, not to mention the portability of user-owned data. Blockchain allows users to access all
their health data with frictionless connections, smart contracts, and authorization. Transaction layers give instant access to standardized, anonymous, non-patient identifiable information. Transparency and automation can also help you save money. As a result, the adoption of blockchain in healthcare will increase revenue generation.
Blockchain technology in the healthcare market is being developed due to the growing incidence of data breaches. The development of unproductive healthcare database systems has tended to increase the demand for blockchain solutions in healthcare.
In this report, the global market of blockchain technology in healthcare has been segmented based on deployment mode, end user, application, and geography. Based on deployment mode, the blockchain technologies in the healthcare market have been categorized into private, public, and hybrid. Based on end user, the blockchain technologies in the healthcare market has been segmented into hospitals, pharmaceutical companies, insurance providers, and other end users. Based on application, the blockchain technologies in the healthcare market have been segmented into supply chain management, clinical data exchange and interoperability, claims adjustment and billing management, and other applications.
By geography, the market has been segmented into North America, Europe, Asia-Pacific, and the Rest of the World (RoW). Currently, the North American region is the most dominant market segment in the global blockchain technologies in the healthcare market. The presence of leading global companies, a robust technology infrastructure, a favorable political and economic environment, a surge in implementation of FDA rules for securing drugs from theft, and the high adoption of advanced technologies (such as AI, IoT, and cloud) are some of the key factors driving the North American market. Asia-Pacific is currently the fastest-growing market globally.
Table of Contents
Chapter 1 Introduction
Study Goals and Objectives
Reasons for Doing This Study
Scope of Report
What's New in This Update?
Methodology
Intended Audiences
Information Sources
Geographic Breakdown
Analyst's Credentials
BCC Custom Research
Related BCC Research Reports
Chapter 2 Summary and Highlights
Chapter 3 Market Overview
Introduction
Evolution of Blockchain Technology
Origin of Blockchain
Development of Blockchain
Market Trends
Rising Application of Blockchain in Healthcare Claims and Billing
Funding, Investment, and Pilot Projects Acting as a Catalysts of Growth
Increasing Application of Blockchain Technology in Untapped Medical Fields
Trends in Blockchain in the Healthcare Industry
Blockchain for Enhanced Collaboration and Interoperability
Decentralized Credentials Exchange
Tracking Prescription Drugs
Smart Contracts in Healthcare
Market Overview
Growing Adoption of Blockchain Technology
Healthcare
Technical Applications
Advantages of Blockchain in Healthcare
Market Dynamics
Drivers
Restraints
Opportunities
Challenges
Blockchain Application Areas
Drug Discovery and Pharmaceutical Research
Clinical Trials
Medical Fraud Detection
Billing Claims Management
Healthcare Data Management
Future of Blockchain in Healthcare
Impact of COVID-19 on Blockchain Technology in the Healthcare Market
Analysis of Market Opportunities
Investments/Funding of Blockchain in the Healthcare Industry
Patent Analysis
Overview
Porter's Five Forces Analysis
Bargaining Power of Suppliers
Bargaining Power of Consumers
Threat of Substitutes
Threat of New Entrants
Degree of Competition
Chapter 4 Market Breakdown by Deployment Mode
Introduction
Public
Private
Hybrid
Chapter 5 Market Breakdown by End User
Introduction
Hospitals
Pharmaceutical Companies
Insurance Providers
Others
Chapter 6 Market Breakdown by Application
Introduction
Supply Chain Management
Clinical Data Exchange and Interoperability
Claims Adjustment and Billing Management
Others
Chapter 7 Market Breakdown by Region
Introduction
North America
U.S.
Canada
Mexico
Europe
Germany
U.K.
France
Rest of Europe
Asia-Pacific
China
Japan
India
Rest of Asia-Pacific
Rest of the World
Chapter 8 Competitive Landscape
Top Companies
Strategic Analysis
Key Collaborations and Partnerships
Key Product Launches and Developments
Chapter 9 Company Profiles
ACCENTURE PLC
ACCUMULATE
AUGUSTA HITECH SOFT SOLUTIONS
BLOCKPHARMA
BITFURY HOLDING B.V.
BURSTIQ LLC
CHRONICLED
CONSILX
CORAL HEALTH
CONSENSYS
DENTACOIN B.V.
DOC.AI INC.
FARMATRUST
GAINFY
GEM HEALTH
GUARDTIME
HASHED HEALTH
HUAWEI TECHNOLOGIES CO., LTD.
IBM
INFOSYS LTD.
INTEL CORP.
INTELLECTSOFT LLC
IRYO D.O.O.
ISOLVE LLC
MEDICALCHAIN SA
MEDVICE ENTERPRISES BV
MEDX PROTOCOL
MICROSOFT CORP.
ORACLE CORP.
POKITDOK INC.
QUEST DIAGNOSTICS INC.
R3 HOLDCO LLC
SHIVOM VENTURES LTD.
SIMPLYVITAL HEALTH INC.
SPIRITUS PARTNERS INC.
SOLVE.CARE FOUNDATION OU
TATA CONSULTANCY SERVICES (TCS) LTD.
Chapter 10 Appendix: Acronyms
List of Tables
Summary Table : Global Market for Blockchain Technology in Healthcare, by Region, Through 2027
Table 1 : Development of Blockchain
Table 2 : Largest Healthcare Data Breaches, 2020-2021
Table 3 : Blockchain Applicability for Drug Supply Chain Security Act (DSCSA), Key Requirements
Table 4 : Selected Companies Exploring Blockchain for Health Supply Chain Management
Table 5 : Product Launches of Blockchain Technology in Healthcare, 2020
Table 6 : Start-ups for Blockchain in Healthcare, by Firm Category
Table 7 : Blockchain Companies in Patient Data Management
Table 8 : Number of Recently Granted Patents, 2020-2022
Table 9 : Porter's Five Forces Analysis: Overview
Table 10 : Global Market for Blockchain Technology in Healthcare, by Deployment Mode, Through 2027
Table 11 : Global Market for Public Deployment of Blockchain Technology in Healthcare, by Region, Through 2027
Table 12 : Global Market for Private Deployment of Blockchain Technology in Healthcare, by Region, Through 2027
Table 13 : Global Market for Hybrid Deployment of Blockchain Technology in Healthcare, by Region, Through 2027
Table 14 : Global Market for Blockchain Technology in Healthcare, by End User, Through 2027
Table 15 : Global Market for Blockchain Technology in Hospitals, by Region, Through 2027
Table 16 : Global Market for Blockchain Technology in Pharmaceutical Companies, by Region, Through 2027
Table 17 : Global Market for Blockchain Technology for Insurance Providers, by Region, Through 2027
Table 18 : Global Market for Blockchain Technology for Other Healthcare End Users, by Region, Through 2027
Table 19 : Global Market for Blockchain Technology in Healthcare, by Application, Through 2027
Table 20 : Global Market for Blockchain Technology in Healthcare Supply Chain Management, by Region, Through 2027
Table 21 : Global Market for Blockchain Technology in Clinical Data Exchange and Interoperability, by Region, Through 2027
Table 22 : Global Market for Blockchain Technology in Healthcare Claims Adjustment and Billing Management, by Region, Through 2027
Table 23 : Global Market for Other Applications of Blockchain Technology in Healthcare, by Region, Through 2027
Table 24 : Global Market for Blockchain Technology in Healthcare, by Region, Through 2027
Table 25 : North American Market for Blockchain Technology in Healthcare, by Deployment Mode, Through 2027
Table 26 : North American Market for Blockchain Technology in Healthcare, by End User, Through 2027
Table 27 : North American Market for Blockchain Technology in Healthcare, by Application, Through 2027
Table 28 : North American Market for Blockchain Technology in Healthcare, by Country, Through 2027
Table 29 : EU Pilot Projects on Healthcare Blockchain and Associated Costs
Table 30 : European Market for Blockchain Technology in Healthcare, by Deployment Mode, Through 2027
Table 31 : European Market for Blockchain Technology in Healthcare, by End User, Through 2027
Table 32 : European Market for Blockchain Technology in Healthcare, by Application, Through 2027
Table 33 : European Market for Blockchain Technology in Healthcare, by Country, Through 2027
Table 34 : Asia-Pacific Market for Blockchain Technology in Healthcare, by Deployment Mode, Through 2027
Table 35 : Asia-Pacific Market for Blockchain Technology in Healthcare, by End User, Through 2027
Table 36 : Asia-Pacific Market for Blockchain Technology in Healthcare, by Application, Through 2027
Table 37 : Asia-Pacific Market for Blockchain Technology in Healthcare, by Country, Through 2027
Table 38 : Chinese Top Blockchain Development Companies, 2021
Table 39 : Value of Imports and Exports in India's Pharmaceutical Sector, 2015-2020
Table 40 : Indian Top Blockchain Development Companies, 2021
Table 41 : Singapore Top Blockchain Development Companies, 2021
Table 42 : South Korean Top Blockchain Development Companies, 2021
Table 43 : Rest of the World Market for Blockchain Technology in Healthcare, by Deployment Mode, Through 2027
Table 44 : Rest of the World Market for Blockchain Technology in Healthcare, by End User, Through 2027
Table 45 : Rest of the World Market for Blockchain Technology in Healthcare, by Application, Through 2027
Table 46 : Rest of the World Market for Blockchain Technology in Healthcare, by Sub-region, Through 2027
Table 47 : Global Blockchain Technology in Healthcare Market, Collaborations, Partnerships, and Acquisitions, May 2021-Apr. 2022
Table 48 : Global Blockchain Technology in Healthcare Market, Product Launches and Developments, Oct. 2020-Feb. 2022
Table 49 : Accenture plc: Blockchain Services
Table 50 : Accenture plc: Net Revenue, 2019-2021
Table 51 : Accenture plc: Key Management
Table 52 : Accumulate: Services
Table 53 : Bitfury Holding B.V.: Blockchain Services
Table 54 : BurstIQ LLC.: Recent Developments, 2020
Table 55 : Chronicled.: Recent Developments, 2022
Table 56 : Coral Health Inc.: Recent Developments, 2022
Table 57 : ConsenSys: Blockchain Services
Table 58 : ConsenSys: Recent Developments, 2020
Table 59 : doc.ai Inc.: Recent Developments, 2021
Table 60 : Huawei Technologies Co., Ltd.: Services
Table 61 : Huawei Technologies Co., Ltd.: Company Financial Performance, 2019-2021
Table 62 : Huawei Technologies Co., Ltd.: Key Management
Table 63 : IBM: Blockchain Product and Services
Table 64 : IBM: Company Financial Performance, 2019-2021
Table 65 : IBM: Key Management
Table 66 : IBM: Recent Developments, 2020
Table 67 : Infosys Ltd.: Blockchain Services
Table 68 : Infosys Ltd.: Company Financial Performance, FY2019-2021
Table 69 : Intel Corp.: Blockchain Products and Services
Table 70 : Intel Corp.: Company Financial Performance, FY2019-2021
Table 71 : Intel Corp.: Technology and Consulting Partners
Table 72 : Intel Corp.: Key Management
Table 73 : Microsoft Corp.: Blockchain Solutions
Table 74 : Microsoft Corp.: Company Financial Performance, 2019-2021
Table 75 : Microsoft Corp.: Key Management
Table 76 : Oracle Corp.: Blockchain Solutions
Table 77 : Oracle Corp.: Company Financial Performance, 2019-2021
Table 78 : Solve.Care Foundation OU: Recent Developments, 2021
Table 79 : Tata Consultancy Services Ltd.: Blockchain Solution
Table 80 : Tata Consultancy Services Ltd.: Net Revenue, 2019-2021
Table 81 : Tata Consultancy Services Ltd.: Technology and Consulting Partners
Table 82 : Tata Consultancy Services Ltd.: Key Management
Table 83 : Tata Consultancy Services Ltd.: Recent Developments, 2021
Table 84 : Acronyms Used in This Report
List of Figures
Summary Figure : Global Market Shares of Blockchain Technology in Healthcare, by Region, 2021
Figure 1 : Applications of Blockchain Technology in Healthcare
Figure 2 : Data Breach Annual Comparison, by Industry Vertical, 2021
Figure 3 : Share of Funding Received by Blockchain Start-ups, by Country, 2020
Figure 4 : Claim Process Using Blockchain
Figure 5 : Blockchain Technology in Healthcare Market: Porter's Five Forces Analysis
Figure 6 : Blockchain Technology in the Healthcare Market: Power of Suppliers
Figure 7 : Blockchain Technology in the Healthcare Market: Power of Buyers
Figure 8 : Blockchain Technology in the Healthcare Market: Threat of Substitutes
Figure 9 : Blockchain Technology in Healthcare Market: Threat of New Entrants
Figure 10 : Blockchain Technology in the Healthcare Market: Degree of Competition
Figure 11 : Global Market Shares of Blockchain Technology in Healthcare, by Deployment Mode, 2021
Figure 12 : Global Market Shares of Blockchain Technology in Healthcare, by Deployment Mode, 2027
Figure 13 : Global Market Shares of Public Deployment of Blockchain Technology in Healthcare, by Region, 2021
Figure 14 : Global Market Shares of Public Deployment of Blockchain Technology in Healthcare, by Region, 2027
Figure 15 : Global Market Shares of Private Deployment of Blockchain Technology in Healthcare, by Region, 2021
Figure 16 : Global Market Shares of Private Deployment of Blockchain Technology in Healthcare, by Region, 2027
Figure 17 : Global Market Shares of Hybrid Deployment of Blockchain Technology in Healthcare, by Region, 2021
Figure 18 : Global Market Shares of Hybrid Deployment of Blockchain Technology in Healthcare, by Region, 2027
Figure 19 : Global Market Shares of Blockchain Technology in Healthcare, by End User, 2021
Figure 20 : Global Market Shares of Blockchain Technology in Healthcare, by End User, 2027
Figure 21 : Non-federal Acute Care Hospitals Using EHR Data for Hospital Processes, 2020
Figure 22 : Global Market Shares of Blockchain Technology in Hospitals, by Region, 2021
Figure 23 : Global Market Shares of Blockchain Technology in Hospitals, by Region, 2027
Figure 24 : Global Market Shares of Blockchain Technology for Pharmaceutical Companies, by Region, 2021
Figure 25 : Global Market Shares of Blockchain Technology for Pharmaceutical Companies, by Region, 2027
Figure 26 : Global Market Shares of Blockchain Technology for Insurance Providers, by Region, 2021
Figure 27 : Global Market Shares of Blockchain Technology for Insurance Providers, by Region, 2027
Figure 28 : Global Market Shares of Blockchain Technology for Other Healthcare End Users, by Region, 2021
Figure 29 : Global Market Shares of Blockchain Technology for Other Healthcare End Users, by Region, 2027
Figure 30 : Global Market Shares of Blockchain Technology in Healthcare, by Application, 2021
Figure 31 : Global Market Shares of Blockchain Technology in Healthcare, by Application, 2027
Figure 32 : Global Market Shares of Blockchain Technology in Healthcare Supply Chain Management, by Region, 2021
Figure 33 : Global Market Shares of Blockchain Technology in Healthcare Supply Chain Management, by Region, 2027
Figure 34 : Number of Registered Studies Over Time, 2015-March 2023
Figure 35 : Global Market Shares of Blockchain Technology in Clinical Data Exchange and Interoperability, by Region, 2021
Figure 36 : Global Market Shares of Blockchain Technology in Clinical Data Exchange and Interoperability, by Region, 2027
Figure 37 : Global Market Shares of Blockchain Technology in Healthcare Claims Adjustment and Billing Management, by Region, 2021
Figure 38 : Global Market Shares of Blockchain Technology in Healthcare Claims Adjustment and Billing Management, by Region, 2027
Figure 39 : Global Market Shares of Other Applications of Blockchain Technology in Healthcare, by Region, 2021
Figure 40 : Global Market Shares of Other Applications of Blockchain Technology in Healthcare, by Region, 2027
Figure 41 : Global Market Shares of Blockchain Technology in Healthcare, by Region, 2021
Figure 42 : Global Market Shares of Blockchain Technology in Healthcare, by Region, 2027
Figure 43 : Healthcare Expenditures in North American Countries, 2020
Figure 44 : Percentage of Non-federal Acute Care Hospitals Where Patients Can View, Download, and Transmit Their EHRs, 2020
Figure 45 : U.S. Market for Blockchain Technology in Healthcare, 2021-2027
Figure 46 : Canadian Market for Blockchain Technology in Healthcare, 2021-2027
Figure 47 : Mexican Market for Blockchain Technology in Healthcare, 2021-2027
Figure 48 : German Market for Blockchain Technology in Healthcare, 2021-2027
Figure 49 : U.K. Market for Blockchain Technology in Healthcare, 2021-2027
Figure 50 : French Market for Blockchain Technology in Healthcare, 2021-2027
Figure 51 : The Six Main Principles of Security in the Estonian National Health Information System
Figure 52 : Rest of European Market for Blockchain Technology in Healthcare, 2021-2027
Figure 53 : Trends in the Adoption of Telehealth Across the Major Asia-Pacific Countries, 2019-2024
Figure 54 : Chinese Market for Blockchain Technology in Healthcare, 2021-2027
Figure 55 : Japanese Market for Blockchain Technology in Healthcare, 2021-2027
Figure 56 : Indian Market for Blockchain Technology in Healthcare, 2021-2027
Figure 57 : Australia's Seven Strategic Priority Outcomes to Be Achieved by 2022
Figure 58 : Rest of Asia-Pacific Market for Blockchain Technology in Healthcare, 2021-2027
Figure 59 : Accenture plc: Sales Share, by Business Segment, 2021
Figure 60 : Accenture plc: Sales Share, by Region, 2021
Figure 61 : Huawei Technologies Co., Ltd.: Revenue Share, by Business Segment, 2021
Figure 62 : Huawei Technologies Co., Ltd.: Sales Share, by Region/Country, 2021
Figure 63 : IBM: Revenue Share, by Business Segment, 2021
Figure 64 : IBM: Sales Share, by Region, 2021
Figure 65 : Infosys Ltd.: Revenue Share, by Business Segment, 2021
Figure 66 : Infosys Ltd.: Sales Share, by Geography, 2021
Figure 67 : Intel Corp.: Revenue Share, by Business Segment, 2021
Figure 68 : Intel Corp.: Sales Share, by Country, 2021
Figure 69 : Microsoft Corp.: Revenue Share, by Business Segment, 2021
Figure 70 : Microsoft Corp.: Sales Share, by Country, 2021
Figure 71 : Oracle Corp.: Revenue Share, by Business Segment, 2021
Figure 72 : Oracle Corp.: Sales Share, by Country, 2021
Figure 73 : Tata Consultancy Services Ltd.: Sales Share, by Business Segment, 2021
Figure 74 : Tata Consultancy Services Ltd.: Sales Share, by Geography, 2021
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