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.
- 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.
- 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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