The North America Blockchain Technology in Healthcare Market would witness market growth of 38.4% CAGR during the forecast period (2022-2028).
Some of the biggest problems facing the healthcare sector are being helped by blockchain technology. As a result, its breadth would only expand. The industry is searching for transparent and secure ways to perform operations to have full credibility in the systems and assure their patients of the same. This is due to the rise in technical tools to ease the interchange of patient information and improve healthcare procedures.
The usage of blockchain technology has already started in the sector thanks to its decentralized nature and capacity to offer reliable and secure solutions. In order to acquire improved medical treatment and healthcare blockchain solutions, it could also be expected to be utilized in conjunction with other technologies such machine learning and artificial intelligence. The collection of patient medical records in digital format is known as an EHR. Along with that, electronic medical records are maintained throughout time by the hospital or clinical and are stored electronically.
Key players in nations like Canada have unavoidably faced a number of data privacy and security concerns as a result of the healthcare ecosystem's growing complexity. Even though the most of medical records have been converted to digital format, they are frequently scattered throughout various medical facilities all over the world in silos. This has effects on public health (PH) intelligence, which depends on institutions exchanging accurate and comprehensive information. These problems with information exchange in the healthcare industry are being attributed to blockchain technology.
The US market dominated the North America 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 $1,499.2 million by 2028. The Canada market is poised to grow at a CAGR of 41.1% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 40.7% 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 U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Blockchain Technology in Healthcare Market is Estimated to reach $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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