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Blockchain Technology in Healthcare Market Share

Report ID: GMI3098
Published Date: Nov 2021
Report Format: PDF

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Blockchain Technology in Healthcare Market Share

Some of the major companies operating in the market are :

IBM Corporation
Microsoft Corporation
Guardtime
Change Healthcare
Gem Health
Patientory
iSolve, LLC

Major industry leaders are adopting various strategies such as new product development, integration, deployment, geographical expansion and research collaborations in order to garner maximum revenue share and promote company growth.

Authors: Mariam Faizullabhoy, Gauri Wani

Frequently Asked Questions (FAQ) :

Market size of blockchain technology in healthcare surpassed USD 281 million in 2020 and will observe a CAGR of over 52.1% through 2027 with Increasing application of the Internet of Things (IoT) in healthcare.

Clinical trials segment held 18% of the market share in 2020 owing to the adoption of blockchain technology to facilitate full decentralization, enhance recruitment, support governance with real-time decision making, and optimization of repetitive tasks.

The U.S. market will exceed USD 1.91 billion by 2027 owing to the recent advancements in blockchain technology supported by various government initiatives.

Public segment was valued at over USD 202 million in 2020 on account of the growing product adoption to offer greater transparency, decentralized structure, and ability to record everything.

Some of the major companies operating in the market are IBM Corporation, Microsoft Corporation, Guardtime, Change Healthcare, Gem Health, Patientory, and iSolve, LLC among others.