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Research- Blockchain Tech To Exceed $1,636.7 Million In Healthcare By 2025

Global Market Insights, Inc. presents a new study citing global blockchain technology is predicted to exceed $1,636.7 million in the healthcare market by 2025.

The blockchain technology specifically, in healthcare sector is anticipated to grab a growing demand owing to raise the numbers of counterfeit drugs and medicines, the enhance cases of medical data breaches and the extremely increasing investments within the start-ups regarding the healthcare blockchain tech.

The Current Key Players Running Their Extreme Projects On Blockchain:

  • Deloitte Touche Tohmatsu Limited
  • Consensus Systems (ConsenSys)
  • Microsoft Corporation
  • R3
  • IBM Corporation
  • Digital Asset Holdings LLC
  • Chain Inc.
  • Ripple

By considering the analysis of this global Blockchain Technology within Healthcare status; growth opportunity, future forecast, key market, and players remains the essential aspects.

Market Analysis: Product Type

  1. Public Blockchain
  2. Private Blockchain
  3. Consortium Blockchain

Market Analysis: Market

  • Non-Financial Sector
  • Financial Services

Market Analysis: Region

  1. United States
  2. Europe
  3. Japan
  4. China
  5. Southeast Asia
  6. Central & South America
  7. India

Research On Blockchain Tech In Healthcare

According to the research, growth in cost savings with various healthcare apps will likely help blockchain tech to drive in business enhancement in the near future. However, healthcare data breaches anyways cost over $380 per patient record, which results in overall high annual losses.

On the other side, lack of skilled workforce is found one amongst the major facets responsible for hampering the growth of blockchain tech within the healthcare industry. Moreover, there is a limited number of people with the knowledge regarding blockchain tech along with the lack of blockchain programs, training, and courses which proves to show sluggish business growth.

Recently, the apps of blockchain tech within clinical trials were valued worth over $6.9 million in 2018. Also, the research shows that the amount of risk, along with unpredictability of clinical trials involved remains one amongst the major drivers to implement and innovating blockchain technology within healthcare.

The blockchain tech usage by healthcare providers estimated to experience a growth of worth around 65.6%. Moreover, across 40% of healthcare data records involves various misleading data and errors. Considering more negatives, the majority of the healthcare facilities remains dependent on outdated systems to maintain patient records.

Moreover, It is seen in these previous years that increasing medical data breaches have resulted in driving the blockchain technology demand and adoption rate that now healthcare facilities and providers are seen improving their procedures in the upcoming years.

Also, Other Markets Segments Working On Blockchain To Revolutionize Ongoing Situations:

  • Payments
  • Exchanges
  • Smart Contracts
  • Documentation
  • Digital Identity
  • Supply Chain Management
  • Governance
  • Risk and Compliance Management
  • Others

Also, Read Blockchain related information 

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Delma Wilson

Delma is a B2B Content Marketer, Consultant, Blogger in the field of Blockchain, and Cryptocurrency. In her spare time, she loves to blog, play badminton and watch out ted talks. She likes pets and shares her free time with NGO.

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