DUBLIN--(BUSINESS WIRE)--The "Blockchain Technology in Healthcare Market by Application (Supply Chain Management, Clinical Data Exchange, Interoperability, Claims Adjudication & Billing), End User (Pharmaceutical Companies, Healthcare Payers, Providers) - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
The healthcare blockchain market is expected to reach USD 829.0 million by 2023 from USD 53.9 million in 2018, at a CAGR of 72.8%.
The increasing incidence of healthcare data breaches, rising threat of counterfeit drugs, increasing adoption of blockchain as a service (BaaS), and the transparency & immutability of the distributed ledger technology are major factors driving the growth of the market. However, the reluctance to disclose data and the lack of a central entity & common set of standards are expected to restrain the growth of this market to a certain extent.
On the basis of application, the global healthcare blockchain market is segmented into supply chain management, clinical data exchange and interoperability, claims adjudication and billing management, and other applications. The claims adjudication and billing management segment is expected to register the highest CAGR during the forecast period. The promising growth rate of this segment is attributed to the rise in billing-related fraudulent activities, growing medical tourism, and the need to automate transactions and payments.
The healthcare blockchain market is segmented by end users into pharmaceutical companies, healthcare payers, healthcare providers, and other end users. The healthcare payers segment is expected to register the highest CAGR during the forecast period due to the increasing need for secure health information exchange between providers and payers, rising insurance fraud, and the need to improve the operational efficiency of healthcare organizations.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Technology Overview
7 Healthcare Blockchain Market, By Application
8 Healthcare Blockchain Market, By End User
9 Healthcare Blockchain Market, By Region
10 Competitive Landscape
11 Company Profiles
- Hashed Health
- Simplyvital Health
For more information about this report visit https://www.researchandmarkets.com/research/bktx5p/global_blockchain?w=4