The Global Blockchain For Healthcare Market is expected to grow at a compound annual growth rate of 72.0% in the forecast period of 2020 to 2027 and is expected to USD 8,362.01 million by 2027. The rise in demand of cost-effective and secured data interoperability with the help of blockchain is a significant factor driving the market growth rate.
Likewise, the rapid increase in initiatives of the government and high investment for the development of advanced solutions will produce lucrative opportunities for the growth of the blockchain for healthcare market.
According to Data Bridge Market Research the market for blockchain for healthcare is expected to gain growth because of the high adoption of blockchain technology. Also the introduction of transparency and immutability of the distributed ledger technology are also expected to fuel the demand of the blockchain for healthcare market over the forecast period of 2020 to 2027. Whereas, the dearth of data safety and standard set are expected to hinder the growth of the blockchain for healthcare market in the aforementioned forecast period.
Now the question is which are the other regions that blockchain for healthcare market is targeting? Data Bridge Market Research has estimated North America to dominate the market due to increase in occurrences of healthcare data breaches and stringent regulations to improve pharmaceutical supply chain.
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Blockchain for healthcare market is segmented on the basis of countries into the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
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Key Market Competitors Covered in the Report
Above are the key players covered in the report, to know about more and exhaustive list of blockchain for healthcare companies’ contact us https://www.databridgemarketresearch.com/toc/?dbmr=global-blockchain-for-healthcare-market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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Global Blockchain for Healthcare Market – Industry Trends and Forecast to 2027