Blockchain in Healthcare Market can revolutionize Healthcare Industry – Digital Journal

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Blockchain in Healthcare Market grew at an average yearly rate of around 55% during the timeframe (2018-2021). Security and transparency in the entire value chain are among the major concerns in the industry. In the present scenario, information exchange has become a priority among healthcare organizations and the technology allows seamless sharing of medical records and information. As the demand for interoperability is rising in the industry, the system is exploring blockchain technologies in order to mitigate the risks associated with data and security. Demand for blockchain-as-a-service (BaaS) is rising at even faster pace.
The research and analytics firm Datavagyanik released the updated version if its report on Blockchain in Healthcare Market – Country wise Detailed Analysis, Business Opportunities and Forecasts”. The updated version of the report is released with latest data, industry trends and competitive benchmarking. The report makes use of analytical models to study country level market patterns and forecast for the next seven years.
The healthcare industry continues to witness impressive growth, thereby, benefiting various businesses including manufacturers, suppliers, and other value chain participants. In the year 2014, the global healthcare IT market was close to $75 billion which has exceeded $300 billion in the year 2021. This indicates compounded yearly growth of nearly 20%. This increasing trend has greatly impacted the Healthcare IT infrastructure providers, software, and hardware providers. However, there is a great difference between the demand trends, consumption patterns and market scenarios between the developed countries and the emerging markets. The Healthcare IT industry is quite attractive and, in the future, the trend will continue. There are reasons for this and the most important ones are:
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North America is the largest Blockchain in Healthcare market in the present scenario with the United States contributing nearly 80% of the regional market share.
The United States spends over $4 trillion each year on availing healthcare services. This is nearly 50% of the global healthcare spend and this clearly exhibits the position of the United States in the Healthcare IT industry. Hospitals in the U.S. are equipped with smart medical equipment, data management, and sharing infrastructure. The demand for Blockchain in Healthcare in the country is …(continued in the full report)
In the overall Healthcare IT market, Canada holds 9% of the North American region. The demand trends of Blockchain in Healthcare in Canada are somewhat similar to that of the United States. The report covers the analysis of Canada Blockchain in Healthcare market in detail with statistics and business insights.
Europe region is the second-largest Healthcare IT market in the present scenario, after the North America region. Countries like Germany, France, UK, Italy, and Spain cumulatively account for over 80% of the region’s healthcare spending.
Germany has the largest population size in the EU region. The country is also the largest market for Healthcare IT in the European region with a share of 24%. The Germany Blockchain in Healthcare market is highly potential and …..(continued in the full report)
France is the second-largest market for Healthcare IT in Europe. The country has 15% of the EU population and it ranks second, in Europe, in terms of annual healthcare IT spend. France is a very attractive market for Blockchain in Healthcare in the Europe region. Get a detailed analysis on France Blockchain in Healthcare market in the report.
UK is very close to France in the Healthcare IT market size. The country is also a very attractive market for the Blockchain in Healthcare market in Europe. Get detailed analysis on the UK Blockchain in Healthcare market in the report.
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Get detailed analysis on Italy Blockchain in Healthcare market in the report.
Get detailed analysis on Spain Blockchain in Healthcare market in the report.
The Asia Pacific region is a very rapidly growing Healthcare IT market and countries like China, Japan, South Korea, and others are becoming attractive contributors. In the overall Healthcare IT industry, the APAC region accounted for a revenue of around 17% in the year 2021 and will hold at least a quarter of the global market by the year 2030.
The Middle East region presently holds around 1.5% of the global Healthcare IT market. From the growth and opportunities perspective, there is a lot happening in the region’s healthcare industry. The region’s average per capita healthcare spending has more than doubled in the past ten years and presently stands over $600. The government bodies are investing in healthcare infrastructure and are taking efforts to improve the quality of medical services. Get detailed analysis on the Middle East Blockchain in Healthcare market in the report.
Saudi Arabia is the largest market for healthcare IT in the Middle East region. The country is certainly the most developed market due to its demographic factors and stable political outlook. In 2022, Saudi Arabia’s yearly per capita healthcare spend is around $1,800 and will exceed $3,000 by the year 2030. For the coming six to seven years, the country’s healthcare sector will witness a double-digit growth, fueled by the government efforts. Get detailed analysis on Saudi Arabia Blockchain in Healthcare market in the report.
Many product segments were adversely impacted in 2020 due to Covid 19 pandemic. Due to the lockdowns, many patients opted to postpone their treatments and surgeries to the next year which impacted the sales of products. However, the healthcare IT market grew impressively giving rise to new business streams and opportunities for market players. The report covers detailed analysis of Covid 19 impact on the Blockchain in Healthcare market.
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Global and country-level analysis has been covered in the report. The regions covered in the study are North America, Europe, Asia Pacific, Latin America, Middle East & Africa.
The report on the Blockchain in Healthcare market covers in depth analysis of ongoing technological advancements, developments and also presents market revenue forecast for the period (2021 – 2030). In addition, country-level analysis is provided in the report. With the purpose of helping strategic decision-makers to get in-depth insights the report also offers competitive profiling of leading market players, key developments, and company details.
It includes a competitive landscape to gauge market competition based on various factors such as drivers, restraints, and opportunities. Decision-makers can rely on investing in the market based on the impact analysis, which will be covered in the report based on market determinants and trends.
North America
Latin America
Middle East & Africa
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About Datavagyanik
Datavagyanik is a business intelligence firm with clients worldwide. We provide the right knowledge and advisory to business organizations and help them to grow and excel. We specialize in areas such as Pharmaceutical, Healthcare, Manufacturing, Consumer Goods, Materials & Chemicals and others. We specialize in market sizing, forecasting, supply chain analysis, supplier intelligence, import-export insights, market trend analysis and competitive intelligence.
Contact us:
Atul B (Sales Head)
Phone: +1 551 226 6002
Email: [email protected]
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