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Blockchain Technology in Healthcare Market Size By Application (Data Exchange and Interoperability, Claims Adjudication and Billing Management, Drug Supply Chain Integrity, Clinical Trials, Cyber Security and Internet of Medical Things), By End-use (Pharm

Blockchain Technology in Healthcare Market Size By Application (Data Exchange and Interoperability, Claims Adjudication and Billing Management, Drug Supply Chain Integrity, Clinical Trials, Cyber Security and Internet of Medical Things), By End-use (Pharmaceutical Companies, Healthcare Payers, Healthcare Providers) Industry Analysis Report, Regional Outlook (U.S., Canada, UK, Germany, France, Spain, Estonia, Switzerland, China, Japan, India, South Korea, Singapore, Australia, Brazil, Mexico, Israel, South Africa, UAE), Application Potential, Price Trends, Competitive Market Share & Forecast, 2019 - 2025

Blockchain Technology in Healthcare Market is expected to exceed USD 1.6 billion by 2025. Escalating demand for instantaneous secure exchange of healthcare information with strong computer codes are leading demand for blockchain technology in the healthcare sector.

The demand for blockchain technology in healthcare sector is increasing across the globe due to centralization of secure platform for healthcare data management. Companies are introducing easy-to-handle and technologically advanced cyber risk program software technology with operational integration to gain competitive edge over the competitors.

Increasing government initiatives and symposiums for maintaining healthcare information database will generate demand for implementation of blockchain technology. In addition, the growing organizational preference for maintaining hassle-free, safe and secure data in digital fingerprint format is expected to provide lucrative opportunities for industry expansion.

Rising need to store scalable and secure healthcare data exchange in healthcare facilities across the globe will boost the blockchain technology in healthcare market growth. Increasing risk of counterfeit drugs and clinical trials data management will increase adoption of blockchain technology to escalate the operational efficiency. Also, several organizations and healthcare providers are implementing blockchain technology to record, analyze, and monitor patient information accurately. The software program interface used to store confidential healthcare data has minimum interoperability level. Hence, increasing need to secure medical information as well as data confidentiality concerns will spur the business growth in forthcoming years.

Rising awareness about the implementation of blockchain technology for systematic collection of claim management data and billing management will augment blockchain technology in healthcare market growth. Several government organizations and hospitals are adopting blockchain technology to analyze, record and monitor patient information accurately. Thus, rising number of government initiatives to encourage blockchain technology will increase its adoption rate. Additionally, rapid uptake of advanced technology for operational feasibility across healthcare sector will generate demand for blockchain in healthcare market. However, lack of awareness and high implementation & maintenance cost will limit the industry growth over the forecast timeline.

Claims adjudication and billing management will witness 66.5% CAGR in upcoming years. Increasing risk of filing and duplication process forms the most important factor leading to rise in adoption of blockchain technology in healthcare market. Moreover, lack of recognition systems for billing management and safety data increases the need for trustworthy identification system, thus stimulating the demand for blockchain technology. Growing application of blockchain technology such as provider submitting, follow-up, and appealing claims for maintaining service vendor data will boost claim adjudication and billing market growth in upcoming years.

Pharmaceutical companies segment held USD 21.5 million revenue size in 2018. Widespread usage of blockchain technology across healthcare network to improve verification of report on drugs and trackability and transparency in clinical trials will increase its adoption rate. As pharmaceutical companies possess more complex process, the need for blockchain technology to improve financial aspect, compliance in supply chain and maintaining R&D outcomes of pipeline drugs increases. Pharmaceutical companies are increasingly adopting blockchain to enhance financial and operational aspects of business, thereby impacting the industry growth.

UK blockchain technology in healthcare market is forecasted to foresee over 61.0% CAGR over the estimation period. High growth can be attributed to presence of large number of laboratories and research & development centers that are constantly investing in implementing centralized mechanism to ensure transparency and immutable ledger solution. The technology helps the organizations to maintain access to independent data and maintain data security. Moreover, implementation of ‘Proof of Concept’ that offers high value to clinical researchers for maintaining medical and patient outcome data is provided by blockchain technology. Thus, growing demand of ‘Proof of Concept’ and interoperability in research centers will boost UK blockchain technology in healthcare market growth in the analysis period.

Companies are making large investment in advancing blockchain technology including incorporation of new features and version of software. Also, leading players are implementing product innovation, collaborations and geographical expansion strategies to further encash higher profits and gain lucrative market share in the industry. Major players operating in the blockchain technology in healthcare market are IBM, Microsoft, Guard time, Block Pharma, iSolve, LLC, etc.


Chapter 1. Methodology
1.1. Methodology
1.2. Market definition
1.3. Forecast parameters
1.4. Data sources
1.4.1. Secondary
1.4.1.1. Paid sources
1.4.1.2. Unpaid sources
1.4.2. Primary
Chapter 2. Executive Summary
2.1. Blockchain technology in healthcare industry 360 degree synopsis, 2016 - 2025
2.1.1. Business trends
2.1.2. Application trends
2.1.3. End-use trends
2.1.4. Regional trends
Chapter 3. Global Blockchain Technology in Healthcare Industry Insights
3.1. Industry segmentation
3.2. Industry landscape, 2016 - 2025 (USD Million)
3.3. Industry background
3.4. Industry impact forces
3.4.1. Growth drivers
3.4.1.1. Increasing risk of counterfeit drugs
3.4.1.2. Growing incidence of medical data breaches
3.4.1.3. Increased application of Internet of Things (IoT) in healthcare
3.4.1.4. Cost-savings in several healthcare applications
3.4.1.5. Rising need to store and secure medical data
3.4.1.6. Interoperability
3.4.2. Industry pitfalls & challenges
3.4.2.1. Lack of technical infrastructure in developing countries
3.4.2.2. Lack of skilled professionals
3.4.2.3. Absence of necessary regulatory norms
3.4.2.4. Lack of awareness and trust
3.5. Growth potential analysis
3.5.1. By application
3.5.2. By end-use
3.6. Types of Blockchain
3.6.1. Public
3.6.2. Private
3.6.3. Consortium
3.7. Startup scenario
3.8. Regulatory landscape
3.9. Innovative landscape
3.10. Investment landscape
3.11. Pros/Cons of Blockchain
3.12. Leading blockchain solution providers
3.13. Blockchain technology healthcare projects
3.14. Blockchain technology applications for healthcare
3.15. SWOT analysis of blockchain technology in healthcare
3.16. Blockchain technology adoption timeline in healthcare applications
3.17. Porter's analysis
3.18. Competitive landscape, 2017
3.18.1. Business overview
3.18.2. Revenue analysis
3.18.3. Product landscape
3.18.4. Strategy dashboard
3.19. PESTEL analysis
3.20. Analyst's recommendations
3.20.1. Opportunities
3.20.2. Challenges
Chapter 4. Blockchain Technology in Healthcare Market, By Application
4.1. Global blockchain technology in healthcare market share, by application, 2018 & 2025
4.2. Data exchange and interoperability
4.2.1. Market size, by region, 2016 - 2025 (USD Million)
4.3. Claims adjudication and billing management
4.3.1. Market size, by region, 2016 - 2025 (USD Million)
4.4. Drug supply chain integrity
4.4.1. Market size, by region, 2016 - 2025 (USD Million)
4.5. Clinical trials
4.5.1. Market size, by region, 2016 - 2025 (USD Million)
4.6. Cyber security and internet of medical things (IoMT)
4.6.1. Market size, by region, 2016 - 2025 (USD Million)
4.7. Others
4.7.1. Market size, by region, 2016 - 2025 (USD Million)
Chapter 5. Global Blockchain Technology in Healthcare Market, By End-use
5.1. Global blockchain technology in healthcare market share, by end-use, 2018 & 2025
5.2. Pharmaceutical companies
5.2.1. Market size, by region, 2016 - 2025 (USD Million)
5.3. Healthcare payers
5.3.1. Market size, by region, 2016 - 2025 (USD Million)
5.4. Healthcare providers
5.4.1. Market size, by region, 2016 - 2025 (USD Million)
5.5. Others
5.5.1. Market size, by region, 2016 - 2025 (USD Million)
Chapter 6. Global Blockchain Technology in Healthcare Market, By Region
6.1. Blockchain technology in healthcare market share by region, 2018 & 2025
6.2. North America
6.2.1. Market size, by country, 2016 - 2025 (USD Million)
6.2.2. Market size, by application, 2016 - 2025 (USD Million)
6.2.3. Market size, by end-use, 2016 - 2025 (USD Million)
6.2.4. U.S.
6.2.4.1. Market size, by application, 2016 - 2025 (USD Million)
6.2.4.2. Market size, by end-use, 2016 - 2025 (USD Million)
6.2.5. Canada
6.2.5.1. Market size, by application, 2016 - 2025 (USD Million)
6.2.5.2. Market size, by end-use, 2016 - 2025 (USD Million)
6.3. Europe
6.3.1. Market size, by country, 2016 - 2025 (USD Million)
6.3.2. Market size, by application, 2016 - 2025 (USD Million)
6.3.3. Market size, by end-use, 2016 - 2025 (USD Million)
6.3.4. UK
6.3.4.1. Market size, by application, 2016 - 2025 (USD Million)
6.3.4.2. Market size, by end-use, 2016 - 2025 (USD Million)
6.3.5. Germany
6.3.5.1. Market size, by application, 2016 - 2025 (USD Million)
6.3.5.2. Market size, by end-use, 2016 - 2025 (USD Million)
6.3.6. France
6.3.6.1. Market size, by application, 2016 - 2025 (USD Million)
6.3.6.2. Market size, by end-use, 2016 - 2025 (USD Million)
6.3.7. Spain
6.3.7.1. Market size, by application, 2016 - 2025 (USD Million)
6.3.7.2. Market size, by end-use, 2016 - 2025 (USD Million)
6.3.8. Estonia
6.3.8.1. Market size, by application, 2016 - 2025 (USD Million)
6.3.8.2. Market size, by end-use, 2016 - 2025 (USD Million)
6.3.9. Switzerland
6.3.9.1. Market size, by application, 2016 - 2025 (USD Million)
6.3.9.2. Market size, by end-use, 2016 - 2025 (USD Million)
6.4. Asia Pacific
6.4.1. Market size, by country, 2016 - 2025 (USD Million)
6.4.2. Market size, by application, 2016 - 2025 (USD Million)
6.4.3. Market size, by end-use, 2016 - 2025 (USD Million)
6.4.4. China
6.4.4.1. Market size, by application, 2016 - 2025 (USD Million)
6.4.4.2. Market size, by end-use, 2016 - 2025 (USD Million)
6.4.5. Japan
6.4.5.1. Market size, by application, 2016 - 2025 (USD Million)
6.4.5.2. Market size, by end-use, 2016 - 2025 (USD Million)
6.4.6. India
6.4.6.1. Market size, by application, 2016 - 2025 (USD Million)
6.4.6.2. Market size, by end-use, 2016 - 2025 (USD Million)
6.4.7. South Korea
6.4.7.1. Market size, by application, 2016 - 2025 (USD Million)
6.4.7.2. Market size, by end-use, 2016 - 2025 (USD Million)
6.4.8. Singapore
6.4.8.1. Market size, by application, 2016 - 2025 (USD Million)
6.4.8.2. Market size, by end-use, 2016 - 2025 (USD Million)
6.4.9. Australia
6.4.9.1. Market size, by application, 2016 - 2025 (USD Million)
6.4.9.2. Market size, by end-use, 2016 - 2025 (USD Million)
6.5. Latin America
6.5.1. Market size, by country, 2016 - 2025 (USD Million)
6.5.2. Market size, by application, 2016 - 2025 (USD Million)
6.5.3. Market size, by end-use, 2016 - 2025 (USD Million)
6.5.4. Brazil
6.5.4.1. Market size, by application, 2016 - 2025 (USD Million)
6.5.4.2. Market size, by end-use, 2016 - 2025 (USD Million)
6.5.5. Mexico
6.5.5.1. Market size, by application, 2016 - 2025 (USD Million)
6.5.5.2. Market size, by end-use, 2016 - 2025 (USD Million)
6.6. MEA
6.6.1. Market size, by country, 2016 - 2025 (USD Million)
6.6.2. Market size, by application, 2016 - 2025 (USD Million)
6.6.3. Market size, by end-use, 2016 - 2025 (USD Million)
6.6.4. Israel
6.6.4.1. Market size, by application, 2016 - 2025 (USD Million)
6.6.4.2. Market size, by end-use, 2016 - 2025 (USD Million)
6.6.5. South Africa
6.6.5.1. Market size, by application, 2016 - 2025 (USD Million)
6.6.5.2. Market size, by end-use, 2016 - 2025 (USD Million)
6.6.6. UAE
6.6.6.1. Market size, by application, 2016 - 2025 (USD Million)
6.6.6.2. Market size, by end-use, 2016 - 2025 (USD Million)
Chapter 7. Company Profiles
7.1. IBM
7.1.1. Business overview
7.1.2. Financial data
7.1.3. Product landscape
7.1.4. Strategic outlook
7.1.5. SWOT analysis
7.2. Microsoft
7.2.1. Business overview
7.2.2. Financial data
7.2.3. Product landscape
7.2.4. Strategic outlook
7.2.5. SWOT analysis
7.3. Guardtime
7.3.1. Business overview
7.3.2. Financial data
7.3.3. Product landscape
7.3.4. Strategic outlook
7.3.5. SWOT analysis
7.4. PokitDok
7.4.1. Business overview
7.4.2. Financial data
7.4.3. Product landscape
7.4.4. Strategic outlook
7.4.5. SWOT analysis
7.5. Gem Health
7.5.1. Business overview
7.5.2. Financial data
7.5.3. Product landscape
7.5.4. Strategic outlook
7.5.5. SWOT analysis
7.6. Patientory
7.6.1. Business overview
7.6.2. Financial data
7.6.3. Product landscape
7.6.4. Strategic outlook
7.6.5. SWOT analysis
7.7. iSolve, LLC
7.7.1. Business overview
7.7.2. Financial data
7.7.3. Product landscape
7.7.4. Strategic outlook
7.7.5. SWOT analysis
7.8. FarmaTrust
7.8.1. Business overview
7.8.2. Financial data
7.8.3. Product landscape
7.8.4. Strategic outlook
7.8.5. SWOT analysis
7.9. Medicalchain
7.9.1. Business overview
7.9.2. Financial data
7.9.3. Product landscape
7.9.4. Strategic outlook
7.9.5. SWOT analysis
7.10. EncrypGen
7.10.1. Business overview
7.10.2. Financial data
7.10.3. Product landscape
7.10.4. Strategic outlook
7.10.5. SWOT analysis
7.11. SimplyVitalHealth
7.11.1. Business overview
7.11.2. Financial data
7.11.3. Product landscape
7.11.4. Strategic outlook
7.11.5. SWOT analysis
7.12. Blockpharma
7.12.1. Business overview
7.12.2. Financial data
7.12.3. Product landscape
7.12.4. Strategic outlook
7.12.5. SWOT analysis
7.13. Doc.AI
7.13.1. Business overview
7.13.2. Financial data
7.13.3. Product landscape
7.13.4. Strategic outlook
7.13.5. SWOT analysis
7.14. Nebula Genomics
7.14.1. Business overview
7.14.2. Financial data
7.14.3. Product landscape
7.14.4. Strategic outlook
7.14.5. SWOT analysis
7.15. Embleema
7.15.1. Business overview
7.15.2. Financial data
7.15.3. Product landscape
7.15.4. Strategic outlook
7.15.5. SWOT analysis
Data Tables
TABLE 1. Blockchain technology in healthcare industry 360 degree synopsis, 2016 - 2025
TABLE 2. Global blockchain technology in healthcare market, 2016 - 2025 (USD Million)
TABLE 3. Global blockchain technology in healthcare market, by application, 2016 - 2025 (USD Million)
TABLE 4. Global blockchain technology in healthcare market, by end-use, 2016 - 2025 (USD Million)
TABLE 5. Global blockchain technology in healthcare market, by region, 2016-2025 (USD Million)
TABLE 6. Industry impact forces
TABLE 7. Data exchange and interoperability market size, by region, 2016 - 2025 (USD Million)
TABLE 8. Claims adjudication and billing management market size, by region, 2016 - 2025 (USD Million)
TABLE 9. Drug supply chain integrity market size, by region, 2016 - 2025 (USD Million)
TABLE 10. Clinical trials market size, by region, 2016 - 2025 (USD Million)
TABLE 11. Cyber security and internet of medical things (IoMT) market size, by region, 2016 - 2025 (USD Million)
TABLE 12. Others market size, by region, 2016 - 2025 (USD Million)
TABLE 13. Pharmaceutical companies market size, by region, 2016 - 2025 (USD Million)
TABLE 14. Healthcare payers market size, by region, 2016 - 2025 (USD Million)
TABLE 15. Healthcare providers market size, by region, 2016 - 2025 (USD Million)
TABLE 16. Others market size, by region, 2016 - 2025 (USD Million)
TABLE 17. North America blockchain technology in healthcare market size, by country, 2016 - 2025 (USD Million)
TABLE 18. North America blockchain technology in healthcare market, by application, 2016 - 2025 (USD Million)
TABLE 19. North America blockchain technology in healthcare market, by end-use, 2016 - 2025 (USD Million)
TABLE 20. U.S. blockchain technology in healthcare market, by application, 2016 - 2025 (USD Million)
TABLE 21. U.S. blockchain technology in healthcare market, by end-use, 2016 - 2025 (USD Million)
TABLE 22. Canada blockchain technology in healthcare market, by application, 2016 - 2025 (USD Million)
TABLE 23. Canada blockchain technology in healthcare market, by end-use, 2016 - 2025 (USD Million)
TABLE 24. Europe blockchain technology in healthcare market size, by country, 2016 - 2025 (USD Million)
TABLE 25. Europe blockchain technology in healthcare market, by application, 2016 - 2025 (USD Million)
TABLE 26. Europe blockchain technology in healthcare market, by end-use, 2016 - 2025 (USD Million)
TABLE 27. UK blockchain technology in healthcare market, by application, 2016 - 2025 (USD Million)
TABLE 28. UK blockchain technology in healthcare market, by end-use, 2016 - 2025 (USD Million)
TABLE 29. Germany blockchain technology in healthcare market, by application, 2016 - 2025 (USD Million)
TABLE 30. Germany blockchain technology in healthcare market, by end-use, 2016 - 2025 (USD Million)
TABLE 31. France blockchain technology in healthcare market, by application, 2016 - 2025 (USD Million)
TABLE 32. France blockchain technology in healthcare market, by end-use, 2016 - 2025 (USD Million)
TABLE 33. Spain blockchain technology in healthcare market, by application, 2016 - 2025 (USD Million)
TABLE 34. Spain blockchain technology in healthcare market, by end-use, 2016 - 2025 (USD Million)
TABLE 35. Estonia blockchain technology in healthcare market, by application, 2016 - 2025 (USD Million)
TABLE 36. Estonia blockchain technology in healthcare market, by end-use, 2016 - 2025 (USD Million)
TABLE 37. Switzerland blockchain technology in healthcare market, by application, 2016 - 2025 (USD Million)
TABLE 38. Switzerland blockchain technology in healthcare market, by end-use, 2016 - 2025 (USD Million)
TABLE 39. Asia Pacific blockchain technology in healthcare market size, by country, 2016 - 2025 (USD Million)
TABLE 40. Asia Pacific blockchain technology in healthcare market, by application, 2016 - 2025 (USD Million)
TABLE 41. Asia Pacific blockchain technology in healthcare market, by end-use, 2016 - 2025 (USD Million)
TABLE 42. China blockchain technology in healthcare market, by application, 2016 - 2025 (USD Million)
TABLE 43. China blockchain technology in healthcare market, by end-use, 2016 - 2025 (USD Million)
TABLE 44. Japan blockchain technology in healthcare market, by application, 2016 - 2025 (USD Million)
TABLE 45. Japan blockchain technology in healthcare market, by end-use, 2016 - 2025 (USD Million)
TABLE 46. India blockchain technology in healthcare market, by application, 2016 - 2025 (USD Million)
TABLE 47. India blockchain technology in healthcare market, by end-use, 2016 - 2025 (USD Million)
TABLE 48. South Korea blockchain technology in healthcare market, by application, 2016 - 2025 (USD Million)
TABLE 49. South Korea blockchain technology in healthcare market, by end-use, 2016 - 2025 (USD Million)
TABLE 50. Singapore blockchain technology in healthcare market, by application, 2016 - 2025 (USD Million)
TABLE 51. Singapore blockchain technology in healthcare market, by end-use, 2016 - 2025 (USD Million)
TABLE 52. Australia blockchain technology in healthcare market, by application, 2016 - 2025 (USD Million)
TABLE 53. Australia blockchain technology in healthcare market, by end-use, 2016 - 2025 (USD Million)
TABLE 54. Latin America blockchain technology in healthcare market size, by country, 2016 - 2025 (USD Million)
TABLE 55. Latin America blockchain technology in healthcare market, by application, 2016 - 2025 (USD Million)
TABLE 56. Latin America blockchain technology in healthcare market, by end-use, 2016 - 2025 (USD Million)
TABLE 57. Brazil blockchain technology in healthcare market, by application, 2016 - 2025 (USD Million)
TABLE 58. Brazil blockchain technology in healthcare market, by end-use, 2016 - 2025 (USD Million)
TABLE 59. Mexico blockchain technology in healthcare market, by application, 2016 - 2025 (USD Million)
TABLE 60. Mexico blockchain technology in healthcare market, by end-use, 2016 - 2025 (USD Million)
TABLE 61. MEA blockchain technology in healthcare market size, by country, 2016 - 2025 (USD Million)
TABLE 62. MEA blockchain technology in healthcare market, by application, 2016 - 2025 (USD Million)
TABLE 63. MEA blockchain technology in healthcare market, by end-use, 2016 - 2025 (USD Million)
TABLE 64. Israel blockchain technology in healthcare market, by application, 2016 - 2025 (USD Million)
TABLE 65. Israel blockchain technology in healthcare market, by end-use, 2016 - 2025 (USD Million)
TABLE 66. South Africa blockchain technology in healthcare market, by application, 2016 - 2025 (USD Million)
TABLE 67. South Africa blockchain technology in healthcare market, by end-use, 2016 - 2025 (USD Million)
TABLE 68. UAE blockchain technology in healthcare market, by application, 2016 - 2025 (USD Million)
TABLE 69. UAE blockchain technology in healthcare market, by end-use, 2016 - 2025 (USD Million)
Charts & Figures
FIG. 1 Industry segmentation
FIG. 2 Global blockchain technology in healthcare market, 2016 - 2025 (USD Million)
FIG. 3 Growth potential analysis, by application
FIG. 4 Growth potential analysis, by end-use
FIG. 5 SWOT analysis of blockchain technology in healthcare
FIG. 6 Porter's analysis
FIG. 7 Strategy dashboard
FIG. 8 PESTEL analysis

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