The Europe Blockchain Technology in Healthcare Market would witness market growth of 39.0% CAGR during the forecast period (2022-2028).
The medical records include all pertinent clinical information about the patient that is kept on file with a particular healthcare practitioner, such as MRI reports, information about previous physical exams, immunization records, lab test results, and any allergies the patient may have. These records are current, patient-specific documents that are easily accessible to both patients and doctors. By fewer inaccuracies in records, they have increased the accuracy and transparency of health information.
Blockchain technology is now being used by hospitals and clinics to properly maintain the medical records of its patients. A patient's medical record can be created, evaluated, and then uploaded to the blockchain network. These unique health records might be encrypted and stored on the blockchain network using a private key, guaranteeing the patient's privacy by allowing only verified individuals to access the health records at critical moments.
A safe network for information sharing among all healthcare providers has been established in Germany over the past few years. The German government is currently pushing for quicker digitization based on the Health Telematics Infrastructure; it has established an eHealth law and set a deadline for the rollout of countrywide electronic health records. Because they are anticipated to generate the revenue prospects they have been waiting for, technology providers have generally praised these policy measures. Users may get an introduction of the eHealth Act and the foundation for digital health policy in the presentation.
The Germany market dominated the Europe Blockchain Technology in Healthcare Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $353.9 million by 2028. The UK market is anticipated to grow a CAGR of 37.9% during (2022 - 2028). Additionally, The France market would exhibit a CAGR of 40.1% during (2022 - 2028).
Based on End User, the market is segmented into Pharmaceutical & Medical Device Companies, Healthcare Payers, and Healthcare Providers. Based on Type, the market is segmented into Public and Private. Based on Application, the market is segmented into Supply Chain Management, Data Exchange & Interoperability, Claims Adjudication & Billing, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Blockchain Technology in Healthcare Market will Hit $5.3 Billion by 2028, at a CAGR of 39.9%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include IBM Corporation, Oracle Corporation, Avaneer Health, Inc., BurstIQ, LLC, Chronicled, Embleema, Equideum Health (ConsenSys Mesh), Farmatrust, GuardTime, and Hashed Health.
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