A blockchain is a digital ledger or database of transactions record that associates together encrypted data blocks to introduce a single source of truth that is successive. It is a shared, fixed ledger that keeps track of assets and assists the document transactions simpler. An asset could be physical or abstract. Almost everything of value may be followed and switched on a blockchain network.
Blockchain
in the healthcare sector is utilized to store and exchange the data of patients
with the hospitals, pharmacy firms, laboratories, and physicians. It further assists
in advancing the data security & accuracy, cost reduction, growing
transparency, and tracing of medical products. For instance, tracking a
medicine as it travels from the introducer to the patient is made simple by the
blockchain technology. This improves a medicine's traceability as it passes
through the supply chain and decreases the likelihood of drug fraud.
According
to the report analysis, ‘North America Healthcare Sector Blockchain Market by
Application, by Deployment Mode, by Provider, by End-User, and Major Countries,
Market Size and Growth, Market Outlook and Forecast by Revenue (2017-2027)’
states that the North America Healthcare Sector Blockchain Market is projected
to observe strong growth of approximately 15-20% CAGR over the next five years,
due to the Drug Supply Chain Security Act (DSCSA) which states the require to
build an electronic system for tracing drugs that are dispersed in the US.
Thus, the Act is probable to safeguard the consumers from exposure to drugs
that may be fake, stolen, contaminated, or otherwise damaging.
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The
challenge which the healthcare sector blockchain industry is facing is the
employment of privacy, functional inefficiencies, and a shortage of uniform
architectures and standards to ensure trusted admittance to Protected Health
Information (PHI) and Personally Identifiable Information (PII), and safe data
exchange. Another challenge is the analysis of encrypted the data and laws that
forbid the usage of interoperable data by the healthcare sector.
The
healthcare sector blockchain market chain entails a raw data collector which gathers
data points such as patient data and vaccination records. This data is then
managed and well-refined by database providers. The refined data is sent to
healthcare blockchain solution companies and is administered in a clinical data
repository where the data is further cleaned, structured, and encrypted to generate
the solutions that are finally conveyed to the precise end user segments within
the healthcare sector. Factors such as the advancing the healthcare
infrastructure, growing adoption of EHR systems and other healthcare IT
solutions, augmenting demand for health information exchange between dissimilar
stakeholders in the healthcare industry due to the growing medical tourism in
this region, and augmenting need to safeguard the counterfeit drugs from
entering the supply chain are propelling the growth of this regional segment.
Key Segments Covered in North America Healthcare
Sector Blockchain Market
North America Healthcare Sector Blockchain
Market by Application
Supply
Chain Management
Claims
and Billing Management
Patient-Centric
Health Data
North America Healthcare Sector
Blockchain Market by Deployment Type
Public
Private
Consortium
North
America Healthcare Sector Blockchain Market by Provider
Infrastructure and Protocol Providers
Middleware Providers
Application and Solution Providers
North America Healthcare Sector
Blockchain Market by End-User
Hospitals
Clinics
Diagnostic
Laboratories
Pharmaceutical
Companies
Medical
Device Companies
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North America Healthcare Sector
Blockchain Market by Geography and Major Countries
US
Canada
Mexico
Key Competitors in North America Healthcare Sector Blockchain
Market
Microsoft
Oracle
International
Business Machines (IBM)
Intel
Amazon
Web Services, Inc.
Applied
Blockchain Ltd.
Patientory,
Inc.
Solve.Care
Time Period Captured in
the Report:-
Historical Period: 2017-2021
Forecast Period: 2022-2027F
Key Target Audience:-
Healthcare
Blockchain Solution Providers
Blockchain
Technology Solution Providers
Blockchain
Infrastructure Providers
Software
Solutions Providers
Software
Service Providers
Potential Investors for Blockchain in Healthcare Sector
Healthcare Database
Providers
Patients Database
Providers
Pharmaceutical
Companies
Ministries of
Healthcare
Healthcare
Insurance Companies
Clinical Trials
Companies
Healthcare Research
Organizations
Banks and Financial
Service Providers
For more information,
refer to the below link:-
North
America Healthcare Sector Blockchain Market Revenue
Contact Us:-
Ken Research
Ankur Gupta, Head Marketing &
Communications
+91-9015378249
