North America Blockchain in Healthcare Market Overview
According to SPER Market Research, the North America Blockchain in Healthcare Market is estimated to reach USD 58.6 billion by 2032 with a CAGR of 67.95%.
Blockchain is a technology that allows people to securely and transparently store and share information. Blockchain is being used in the healthcare industry to improve the management and sharing of medical data. Currently, medical records are frequently fragmented and stored in multiple locations, making it difficult for doctors and patients to access critical information. Medical records can be stored in a secure and decentralised manner with the help of blockchain technology, allowing patients and doctors to access them easily and securely. With blockchain technology, doctors can make more informed decisions and patients can be more involved in their own care, which can lead to better healthcare outcomes. Furthermore, blockchain can help to ensure the privacy and security of medical data, which is an advantage.
Exploring the Growth Drivers of the North America Blockchain in Healthcare Industry
In North America, blockchain in healthcare market has grown rapidly in recent years and is expected to expand with a CAGR of 67.95% in the future and is forecasted to reach USD 58.6 billion by 2032. The North American Blockchain in Healthcare Market is being driven by several factors. One of the main drivers is the need for better management and sharing of medical data. As the healthcare industry becomes more digitized, there is a growing demand for secure and efficient ways to store and share medical information. Blockchain technology provides a solution to this problem by allowing medical records to be stored in a secure and decentralized way. Another driver of the North American Blockchain in Healthcare Market is the increasing adoption of electronic health records (EHRs) and other digital health technologies. As more healthcare organizations adopt these technologies, there is a greater need for secure and interoperable systems to manage the data generated by these tools. Finally, the North America Blockchain in Healthcare Market is also being driven by the growing interest in using blockchain for medical research and clinical trials. Blockchain can provide a way to securely and transparently manage the data generated by these studies, which could lead to more effective treatments and better health outcomes. In general, we can say that the North American Blockchain in Healthcare Market is being driven by a combination of technological innovation, regulatory pressures, and growing demand for more efficient and effective healthcare systems.
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What challenges does the North America Blockchain in Healthcare Market face?
While there are many benefits to using blockchain technology in healthcare, there are also some challenges that need to be addressed. One of the main challenges facing the North America Blockchain in Healthcare Market is the issue of seamless integration. This refers to the ability of different blockchain systems to work together and share information. Currently, there are many different blockchain platforms being used in healthcare, and they often do not communicate with each other. This can create a fragmented system that makes it difficult for doctors and patients to access all of their medical data in one place. Lastly, there is also the challenge of data privacy and security. While blockchain is designed to be secure, there is still a risk of data breaches and cyberattacks. As medical data is highly sensitive, it is important to ensure that blockchain systems are properly secured and that patient privacy is protected. Overall, while there are several challenges facing the North America Blockchain in Healthcare Market, there is also a great deal of potential for this technology to improve healthcare outcomes and provide better access to medical information.
In what ways has the COVID-19 pandemic affected North America Blockchain in Healthcare Market?
COVID-19 has highlighted the importance of data privacy and security. With the increased use of telemedicine and other digital health technologies, there is a greater need for secure and privacy-preserving ways to manage medical data. Blockchain provides a solution to this problem by allowing medical records to be stored in a secure and decentralized way. Overall, while COVID-19 has presented many challenges to the healthcare industry, it has also created new opportunities for the adoption of blockchain technology in healthcare.
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Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2032 |
| Base year considered | 2021 |
| Forecast period | 2022-2032 |
| Segments covered | By Offering, By Type, By Provider, By Application, By End User, By Organization Size
|
| Regions covered | United States, Mexico, Canada
|
| Companies Covered | Booz Allen Hamilton Inc., Broadcom, Cisco Systems Inc., DXC Technology Company, FireEye Inc, Fortinet Inc, Hewlett Packard Enterprise Development LP, Honeywell International Inc., Huntsman International LLC. IBM, LogRhythm Inc., McAfee, RSA Security LLC, Sophos Group Plc., Trend Micro Incorporated |
Key Target Audience:
- Healthcare Provider
- Technology Provider
- Government Agencies
North America Blockchain in Healthcare Market Segmentation:
1. By Offering:
2. By Type:
- Public Blockchain
- Consortium or Hybrid Blockchain
- Private or Permission Blockchain
3. By Provider:
- Infrastructure and Protocol Providers
- Middleware Providers
- Application and Solution Providers
4. By Application:
- Clinical Data Exchange & Interoperability
- Claims and Billing
- Supply Chain Management
- Drug Traceability
- Drug Discovery & Clinical Trials
- Other Applications
5. By End User:
- Hospitals
- Pharmaceutical Companies
- Insurance Providers
- Other End Users
6. By Organization Size:
- Large Enterprises
- Small and Medium Enterprises (SMEs)
7. By Region:
- United States
- Canada
- Mexico
Key Topics Covered in the Report:
- North America Blockchain in Healthcare Market Size (FY’2019-FY’2032)
- Overview of North America Blockchain in Healthcare Market
- Segmentation of North America Blockchain in Healthcare Market By Offering (Platform, Services)
- Segmentation of North America Blockchain in Healthcare Market By Type (Public Blockchain, Consortium or Hybrid Blockchain, Private or Permission Blockchain)
- Segmentation of North America Blockchain in Healthcare Market By Provider (Infrastructure and Protocol Providers, Middleware Providers, Application and Solution Providers)
- Segmentation of North America Blockchain in Healthcare Market By Application (Clinical Data Exchange & Interoperability, Claims and Billing, Supply Chain Management, Drug Traceability, Drug Discovery & Clinical Trials, Other Applications)
- Segmentation of North America Blockchain in Healthcare Market By End User (Hospitals, Pharmaceutical Companies, Insurance Providers, Other End Users)
- Segmentation of North America Blockchain in Healthcare Market By Organization Size {Large Enterprises, Small and Medium Enterprises (SMEs)}
- Statistical Snap of North America Blockchain in Healthcare Market
- Growth Analysis of North America Blockchain in Healthcare Market
- Problems and Challenges in North America Blockchain in Healthcare Market
- Competitive Landscape in the North America Blockchain in Healthcare Market
- Impact of COVID-19 and Demonetization on North America Blockchain in Healthcare Market
- Details on Recent Investment in North America Blockchain in Healthcare Market
- Competitive Analysis of North America Blockchain in Healthcare Market
- Key Players in the North America Blockchain in Healthcare Market
- SWOT Analysis of North America Blockchain in Healthcare Market
- North America Blockchain in Healthcare Market Future Outlook and Projections (FY’2019-FY’2032)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1 Research data source
2.1.1 Secondary data
2.1.2 Primary data
2.1.3 SPER’s internal database
2.1.4 Premium insight from KOL’s
2.2 Market size estimation
2.2.1 Top-down and Bottom-up approach
2.3 Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1 Drivers
4.1.2 Restraints
4.1.3 Opportunities
4.1.4 Challenges
4.2. COVID-19 Impacts of the North America Blockchain in Healthcare Market
5. Market variables and outlook
5.1. SWOT analysis
5.1.1 Strengths
5.1.2 Weaknesses
5.1.3 Opportunities
5.1.4 Threats
5.2. PESTEL analysis
5.2.1 Political landscape
5.2.2 Economic landscape
5.2.3 Social landscape
5.2.4 Technological landscape
5.2.5 Environmental landscape
5.2.6 Legal landscape
5.3. PORTER’S five forces analysis
5.3.1 Bargaining power of suppliers
5.3.2 Bargaining power of Buyers
5.3.3 Threat of Substitute
5.3.4 Threat of new entrant
5.3.5 Competitive rivalry
5.4. Heat map analysis
6. Competitive Landscape
6.1 North America Blockchain in Healthcare Manufacturing Base Distribution, Sales Area, Product Type
6.2 Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in North America Blockchain in Healthcare Market
7. North America Blockchain in Healthcare Market, By Offering, 2019-2032 (USD Million)
7.1 Platform
7.2 Services
8. North America Blockchain in Healthcare Market, By Type, 2019-2032 (USD Million)
8.1 Public Blockchain
8.2 Consortium or Hybrid Blockchain
8.3 Private or Permission Blockchain
9. North America Blockchain in Healthcare Market, By Provider, 2019-2032 (USD Million)
9.1 Infrastructure and Protocol Providers
9.2 Middleware Providers
9.3 Application and Solution Providers
10. North America Blockchain in Healthcare Market, By Application, 2019-2032 (USD Million)
10.1 Clinical Data Exchange & Interoperability
10.2 Claims and Billing
10.3 Supply Chain Management
10.4 Drug Traceability
10.5 Drug Discovery & Clinical Trials
10.6 Other Applications
11. North America Blockchain in Healthcare Market, By End User, 2019-2032 (USD Million)
11.1 Hospitals
11.2 Pharmaceutical Companies
11.3 Insurance Providers
11.4 Other End Users
12. North America Blockchain in Healthcare Market, By Organization Size, 2019-2032 (USD Million)
12.1 Large Enterprises
12.2 Small and Medium Enterprises (SMEs)
13. North America Blockchain in Healthcare Market, By Region, 2019-2032 (USD Million)
13.1 North America Blockchain in Healthcare Size and Market Share by Region (2019-2025)
13.2 North America Blockchain in Healthcare Size and Market Share by Region (2026-2032)
13.3 United States
13.4 Canada
13.5 Mexico
14. Company Profiles
14.1 BlockPharma
14.1.1 Company details
14.1.2 Financial outlook
14.1.3 Product summary
14.1.4 Recent developments
14.2 Factom, Inc
14.2.1 Company details
14.2.2 Financial outlook
14.2.3 Product summary
14.2.4 Recent developments
14.3 Farmatrust
14.3.1 Company details
14.3.2 Financial outlook
14.3.3 Product summary
14.3.4 Recent developments
14.4 Guardtime
14.4.1 Company details
14.4.2 Financial outlook
14.4.3 Product summary
14.4.4 Recent developments
14.5 Hashed Health
14.5.1 Company details
14.5.2 Financial outlook
14.5.3 Product summary
14.5.4 Recent developments
14.6 International Business Machines Corporation
14.6.1 Company details
14.6.2 Financial outlook
14.6.3 Product summary
14.6.4 Recent developments
14.7 iSolve Technologies
14.7.1 Company details
14.7.2 Financial outlook
14.7.3 Product summary
14.7.4 Recent developments
14.8 Medicalchain SA
14.8.1 Company details
14.8.2 Financial outlook
14.8.3 Product summary
14.8.4 Recent developments
14.9 Microsoft Corporation
14.9.1 Company details
14.9.2 Financial outlook
14.9.3 Product summary
14.9.4 Recent developments
14.10 Patientory, Inc
14.10.1 Company details
14.10.2 Financial outlook
14.10.3 Product summary
14.10.4 Recent developments
14.11 Pokitdok Inc
14.11.1 Company details
14.11.2 Financial outlook
14.11.3 Product summary
14.11.4 Recent developments
14.12 Simplyvital Health
14.12.1 Company details
14.12.2 Financial outlook
14.12.3 Product summary
14.12.4 Recent developments
15. List of Abbreviations
16. Reference Links
17. Conclusion
18. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
