Healthcare Blockchain Technology Market
The blockchain is essentially a distributed database of records or public ledger of all transactions or digital events that have been executed and shared among participating parties. The blockchain contains a certain and verifiable record of every single transaction ever made. During last few years there is an significant increase in the blockchain technology market. The global blockchain market is majorly driven by increasing adoption of the blockchain technology and increasing need for the fast transaction. Additionally, increasing healthcare spending and incorporation of IT in healthcare in the sector have fueled the market growth. The global blockchain technology in healthcare is expected to grow at a CAGR of 46.84% during the forecast period.
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The global healthcare blockchain technology market is segmented on the basis of types and application.On the basis of types, the Healthcare blockchain technology market is segmented into private, public, and others. On the basis of application, the market is segmented into payments & transactions, electronic health records, smart contracts, precision medicine, others.
America commands the largest share in the Healthcare blockchain technology market owing to the increasing adoption and awareness about of the blockchain technology. North America holds the major share in Americas market. Europe holds the second leading position due to the presence of strong government support and huge healthcare spending. The Asia Pacific is expressing the fastest growth for the market due to the presence of huge opportunities and the presence of fastest growing economy. On the other hand, due to lack of awareness about the technology, and presence of poor economy in Africa region the Middle East & Africa holds the least share in the Healthcare blockchain technology market.
The key players in the market are: IBM Corporation (U.S.), Accenture (Ireland), Microsoft (U.S.), Capgemini (France), Deloitte Touche Tohmatsu Limited (U.K), Blockchain Tech Ltd (U.K), Digital Asset Holdings (U.S.), Global Arena Holding, Inc. (U.S.), Ethereum (U.S.), BitFury Usa Inc. (U.S.), Chain, Inc. (U.S.), Coinbase Inc. (U.S.), Abra, Inc. (U.S.).
For instance, in December 2017, Acana Capital Corp., has completed its acquisition of Blockchain Technology Group Inc.
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America holds the leading share of 41.64% in the global healthcare blockchain technology market. Public type of blockchain technology holds the share of more than half of the market by types. On the basis of applications, payments & transactions will lead the market during the forecast period.
Global healthcare blockchain technology market-
By types: private, public, and others.
By application: payments & transactions, electronic health records, smart contracts, precision medicine, and others.
By region: America, Europe, Asia Pacific, and The Middle East & Africa.
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