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Strategic Intelligence: Blockchain in Medical (2025)

Publisher GlobalData
Published Mar 26, 2025
Length 78 Pages
SKU # GBDT19975450

Description

Strategic Intelligence: Blockchain in Medical (2025)

Summary

As the number of connected devices continues to increase, so too does the need for data security. Blockchain can help secure patient data in a number of ways, including through encryption, decentralization, access control, and more. By using blockchain, healthcare organizations can increase the security, privacy, and trustworthiness of patient data while also improving the overall efficiency and effectiveness of healthcare delivery. Blockchain also provides a transparent and immutable record of all transactions, allowing stakeholders in the medical device supply chain (such as manufacturers, distributors, and healthcare providers) to trace the entire lifecycle of a product.

Scope
  • Blockchain hype is subsiding, but adoption is quietly increasing.
  • Blockchain has several functions within the medical devices industry, including securing patient data, streamlining supply chain processes, and enhancing research.
Reasons to Buy
  • Understand the blockchain industry, where it is going, and who the players are.
  • Understand what role blockchain currently plays in the medical devices industry, as well as how it can be applied in the future.

Table of Contents

78 Pages
Executive Summary
Players
Technology Briefing
What is blockchain?
The four key characteristics of a blockchain
How a blockchain transaction works
What blockchain is not
Blockchain architecture
Public key encryption
Centralized versus distributed ledger
Consensus mechanisms
Types of blockchains
Which blockchain should you use?
Smart contracts
The role of cryptocurrencies in different types of blockchains
The role of blockchain in medical devices
Data management
Supply chain
Research
Trends
Technology trends
Macroeconomic trends
Regulatory trends
Industry Analysis
Market size and growth forecasts
Most promising use of blockchain in medical is data security
Timeline
Value Chain
Infrastructure layer
Semiconductors
Nodes
Storage devices
Networking equipment
Data centers
Software layer
Blockchain protocols
Permissioned blockchains
Hybrid blockchains
Permissionless blockchains
Middleware
Application layer
Centralized applications
Services layer
Blockchain as a service
IT and professional services
Infrastructure as a service
Companies
Public companies
Private companies
Sector Scorecard
Medical devices sector scorecard
Who’s who
Thematic screen
Valuation screen
Risk screen
Glossary
Further Reading
GlobalData reports
Our Thematic Research Methodology
About GlobalData
Contact Us
List of Tables
Table 1 Technology trends
Table 2 Macroeconomic trends
Table 3 Regulatory trends
Table 4 Public companies
Table 5 Private companies
Table 6 Glossary
Table 7 GlobalData reports
List of Figures
Figure 1: Who are the leading players in the blockchain theme?
Figure 2: Blockchain is distinguished from traditional databases
Figure 3: A blockchain transaction can be broadly divided into six steps
Figure 4: Blockchain is not bitcoin
Figure 5: Blockchain is a type of distributed database
Figure 6: The data stored in a block depends on the blockchain
Figure 7: Linking transactions together makes it practically impossible to tamper with them
Figure 8: Tampering with one of the blocks will cause the hash of that block to change
Figure 9: Public key encryption is essential for securing blockchain transactions and verifying ownership
Figure 10: Transactions are validated using a mechanism that is entirely independent of central control
Figure 11: Most permissionless blockchains use one of two consensus methods
Figure 12: Distinguishing between access control and network management in blockchain
Figure 13: Private and federated blockchains are the preferred choice for most enterprises
Figure 14: Selecting the type of blockchain is complex – a traditional database is often sufficient
Figure 15: Smart contract transactions can broadly be divided into seven steps
Figure 16: GlobalData estimates that the global blockchain market will be worth $291 billion by 2030
Figure 17: What is the most promising application of blockchain technology in medical devices?
Figure 18: The blockchain story
Figure 19: The blockchain value chain
Figure 20: The blockchain value chain - Infrastructure layer
Figure 21: Infrastructure layer – Semiconductors
Figure 22: Infrastructure layer – Nodes - Leaders and challengers
Figure 23: Infrastructure layer – Storage devices - Leaders and challengers
Figure 24: Infrastructure layer – Networking equipment - Leaders and challengers
Figure 25: Hosting grows more decentralized, yet centralized providers like AWS retain a significant share
Figure 26: Infrastructure layer – Data centers - Leaders and challengers
Figure 27: The blockchain value chain - Software layer
Figure 28: Permissionless versus permissioned blockchain protocols
Figure 29: Software layer – Permissioned blockchains
Figure 30: The three most popular third-party blockchain protocols for permissioned blockchains
Figure 31: Third-party protocols have a prominent role within the federated blockchain landscape
Figure 32: Hybrid blockchains are less common than permissioned and permissionless ones
Figure 33: Software layer – Hybrid blockchains
Figure 34: The competitive landscape for public permissionless blockchains is diverse
Figure 35: Software layer – Permissionless blockchains
Figure 36: Software layer – Middleware
Figure 37: Cross-chain interoperability enables interaction between different blockchain networks
Figure 38: Layer 1 solutions involve modifications to the underlying blockchain protocol
Figure 39: Layer 2 solutions operate on top of the existing layer 1 blockchain
Figure 40: Blockchain's inherent transparency and immutability present unique challenges in privacy and security
Figure 41: The blockchain value chain
Figure 42: Application layer – Centralized applications
Figure 43: Major financial institutions view asset tokenization as a significant market opportunity
Figure 44: The blockchain value chain
Figure 45: Services layer – Blockchain as a service
Figure 46: Services layer – IT and professional services
Figure 47: Services layer – Blockchain development and infrastructure services
Figure 48: Who does what in the medical devices space?
Figure 49: Our thematic screen ranks companies based on overall leadership in the 10 themes that matter most to their industry, generating a leading indicator of future performance
Figure 50: Our valuation screen ranks our universe of companies within a sector based on selected valuation metrics
Figure 51: Our risk screen ranks companies within a particular sector based on overall investment risk
Figure 52: Our five-step approach for generating a sector scorecard

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