EUROPE BLOCKCHAIN IN HEALTHCARE MARKET 2019-2028

Lifesciences | Healthcare IT

EUROPE BLOCKCHAIN IN HEALTHCARE MARKET 2019-2028

Market By Application, Organization Size, Blockchain Type, And Geography | Forecast 2019-2028

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Triton’s research on the Europe blockchain in healthcare market depicts that it will grow at a CAGR of 48.84% in terms of revenue during the forecast period 2019-2028.



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The countries studied in this market include:

           The UK

           Germany

           France

           Italy

           Spain

           Russia

           Rest of Europe countries

There is a high adoption of blockchain technology in the UK. The country’s blockchain in healthcare market is expected to be on a constant rise due to the government funding to support blockchain-based projects as well as the rise in the adoption of blockchain for payments, smart contracts, and digital identities. The United Kingdom Research Council has distributed grants worth approx. $4.5 million to seven blockchain-based projects. With the help of blockchain technology, a secure value transfer system can be developed, that would streamline business processes across the healthcare sector. Hence, the government is encouraging the adoption of blockchain technology across the nation. This would lead to the growth of the United Kingdom blockchain in healthcare market.

Germany, too, has largely adopted blockchain technology. The country’s blockchain in healthcare market is on a growth trajectory because of the rising adoption of blockchain for smart contracts, payments, and digital identities. This growth is supported by the German government’s efforts to promote the adoption of this technology. Pharma giant Merck is investigating how blockchain can be used in the healthcare industry, as it could be deployed for various purposes, such as to set up vaccine registries and transactional histories for patients. Furthermore, Germany is rapidly evolving into a hub for blockchain technology and cryptocurrency development. Several firms in the country are working towards integrating the technology into their operations, as it promises speed, transparency, and efficiency. This enhanced adoption of blockchain is proving beneficial for the growth of the studied market in the country over the forecast period.

Proof.Works is a blockchain-based healthcare solutions provider. It was established in 2017, and is headquartered in London, the UK. The company is working on developing a blockchain-based ecosystem for the healthcare industry, in which patients, providers, and payers can all participate to help cure diseases, prevent further illnesses, and improve the clinical outcomes. Some of the company’s solutions include PROOF EcoSystem 2.0, Secure Transport Information Blocks (STIB), PROOF Decentralized Medical Records (DEMR), and PROOF (PRF) Token.

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Table of Content

1.    EUROPE BLOCKCHAIN IN HEALTHCARE MARKET - SUMMARY

2.    INDUSTRY OUTLOOK

2.1. MARKET DEFINITION

2.2. KEY INSIGHTS

2.2.1. BLOCKCHAIN ADOPTION TO FIGHT COVID-19 PANDEMIC CRISIS

2.2.2. BLOCKCHAIN SOLVING PATIENT MATCHING PROBLEMS

2.2.3. COST-EFFICIENCY ACHIEVED BY BLOCKCHAIN

2.2.4. REDUCTION OF MEDICAL ERROR USING BLOCKCHAIN TECHNOLOGY

2.2.5. IDENTITY AND AUTHENTICATION IS FASTEST-GROWING SEGMENT BY APPLICATION

2.3. EVOLUTION & TRANSITION OF BLOCKCHAIN TECHNOLOGY

2.4. PORTER’S FIVE FORCE ANALYSIS

2.4.1. THREAT OF NEW ENTRANTS

2.4.2. THREAT OF SUBSTITUTE

2.4.3. BARGAINING POWER OF SUPPLIERS

2.4.4. BARGAINING POWER OF BUYERS

2.4.5. THREAT OF COMPETITIVE RIVALRY

2.5. KEY IMPACT ANALYSIS

2.5.1. SECURITY

2.5.2. COST

2.5.3. TRADE-OFFS

2.5.4. REGULATORY APPROVAL

2.6. MARKET ATTRACTIVENESS INDEX

2.7. VENDOR SCORECARD

2.8. TOP 5 STARTUPS

2.8.1. BLOCKPHARMA

2.8.2. IRYO

2.8.3. ENCRYPGEN

2.8.4. DENTACOIN

2.9. INDUSTRY COMPONENTS

2.10. MARKET DRIVERS

2.10.1. COST SAVINGS & SECURITY ACHIEVED BY BLOCKCHAIN HELPS IN ITS ADOPTION

2.10.2. DEVELOPMENT OF CONSORTIUMS

2.10.3. GOVERNMENT PARTNERSHIPS

2.11. MARKET RESTRAINTS

2.11.1. DEARTH OF SKILLED PROFESSIONALS

2.11.2. LACK OF COMMON STANDARDS

2.11.3. TRADE-OFF BETWEEN COST AND SECURITY

2.12. MARKET OPPORTUNITIES

2.12.1. IDENTITY AND AUTHENTICATION SEGMENT PROVIDES OPPORTUNITY TO MARKET PLAYERS

2.12.2. DEMAND FOR SMART CONTRACTS

2.13. MARKET CHALLENGES

2.13.1. LOW AWARENESS AMONG THE PUBLIC

2.13.2. NEED FOR MORE STORAGE CAPABILITY

3.    EUROPE BLOCKCHAIN IN HEALTHCARE MARKET OUTLOOK – BY APPLICATION

3.1. HEALTHCARE DATA EXCHANGE

3.2. PHARMACEUTICALS SUPPLY CHAIN

3.3. HEALTH INSURANCE

3.4. DRUG DISCOVERY

3.5. IDENTITY & AUTHENTICATION

3.6. OTHER APPLICATION

4.    EUROPE BLOCKCHAIN IN HEALTHCARE MARKET OUTLOOK - BY ORGANISATION SIZE

4.1. LARGE ENTERPRISES

4.2. SMALL- & MEDIUM-SIZED ENTERPRISES

5.    EUROPE BLOCKCHAIN IN HEALTHCARE MARKET OUTLOOK - BY BLOCKCHAIN TYPE

5.1. PUBLIC

5.2. PRIVATE

5.3. HYBRID

6.    EUROPE BLOCKCHAIN IN HEALTHCARE MARKET – REGIONAL OUTLOOK

6.1. UNITED KINGDOM

6.2. GERMANY

6.3. FRANCE

6.4. SPAIN

6.5. ITALY

6.6. RUSSIA

6.7. REST OF EUROPE

7.    COMPETITIVE LANDSCAPE

7.1. CHANGE HEALTHCARE

7.2. CHRONICLED

7.3. FACTOM

7.4. BLOCKCHAIN AI SOLUTIONS LTD (TRADING AS FARMATRUST)

7.5. HASHED HEALTH

7.6. HEALTHEREUM LLC

7.7. INTERNATIONAL BUSINESS MACHINES CORPORATION

7.8. ISOLVE TECHNOLOGIES

7.9. MICROSOFT

7.10. MEDICALCHAIN SA

7.11. PATIENTORY

7.12. POKITDOK INC

7.13. PROOF.WORKS

7.14. SKYCELL AG

8.    METHODOLOGY & SCOPE

8.1. RESEARCH SCOPE

8.2. SOURCES OF DATA

8.3. RESEARCH METHODOLOGY

List of Tables

TABLE 1: EUROPE BLOCKCHAIN IN HEALTHCARE MARKET, BY COUNTRY, 2019-2028 (IN $ MILLION)

TABLE 2: MARKET ATTRACTIVENESS INDEX

TABLE 3: VENDOR SCORECARD

TABLE 4: EUROPE BLOCKCHAIN IN HEALTHCARE MARKET, BY APPLICATION, 2019-2028 (IN $ MILLION)

TABLE 5: EUROPE BLOCKCHAIN IN HEALTHCARE MARKET, BY ORGANISATION SIZE, 2019-2028 (IN $ MILLION)

TABLE 6: EUROPE BLOCKCHAIN IN HEALTHCARE MARKET, BY BLOCKCHAIN TYPE, 2019-2028 (IN $ MILLION)

TABLE 7: EUROPE BLOCKCHAIN IN HEALTHCARE MARKET, BY COUNTRY, 2019-2028 (IN $ MILLION)

List of Figures

FIGURE 1: FOUNDATION ELEMENTS OF BLOCKCHAIN

FIGURE 2: PORTER’S FIVE FORCE ANALYSIS

FIGURE 3: KEY BUYING IMPACT ANALYSIS

FIGURE 4: INDUSTRY COMPONENTS

FIGURE 5: HEALTHCARE ECOSYSTEM

FIGURE 6: HEALTHCARE BLOCKCHAIN: SMART CONTRACTS

FIGURE 7: EUROPE BLOCKCHAIN IN HEALTHCARE MARKET, BY HEALTHCARE DATA EXCHANGE, 2019-2028 (IN $ MILLION)

FIGURE 8: EUROPE BLOCKCHAIN IN HEALTHCARE MARKET, BY PHARMACEUTICALS SUPPLY CHAIN, 2019-2028 (IN $ MILLION)

FIGURE 9: EUROPE BLOCKCHAIN IN HEALTHCARE MARKET, BY HEALTH INSURANCE, 2019-2028 (IN $ MILLION)

FIGURE 10: EUROPE BLOCKCHAIN IN HEALTHCARE MARKET, BY DRUG DISCOVERY, 2019-2028 (IN $ MILLION)

FIGURE 11: EUROPE BLOCKCHAIN IN HEALTHCARE MARKET, BY IDENTITY & AUTHENTICATION, 2019-2028 (IN $ MILLION)

FIGURE 12: EUROPE BLOCKCHAIN IN HEALTHCARE MARKET, BY OTHER APPLICATION, 2019-2028 (IN $ MILLION)

FIGURE 13: EUROPE BLOCKCHAIN IN HEALTHCARE MARKET, BY LARGE ENTERPRISES, 2019-2028 (IN $ MILLION)

FIGURE 14: EUROPE BLOCKCHAIN IN HEALTHCARE MARKET, BY SMALL & MEDIUM-SIZED ENTERPRISES, 2019-2028 (IN $ MILLION)

FIGURE 15: EUROPE BLOCKCHAIN IN HEALTHCARE MARKET, BY PUBLIC, 2019-2028 (IN $ MILLION)

FIGURE 16: EUROPE BLOCKCHAIN IN HEALTHCARE MARKET, BY PRIVATE, 2019-2028 (IN $ MILLION)

FIGURE 17: EUROPE BLOCKCHAIN IN HEALTHCARE MARKET, BY HYBRID, 2019-2028 (IN $ MILLION)

FIGURE 18: EUROPE BLOCKCHAIN IN HEALTHCARE MARKET, REGIONAL OUTLOOK, 2019 & 2028 (IN %)

FIGURE 19: UNITED KINGDOM BLOCKCHAIN IN HEALTHCARE MARKET, 2019-2028 (IN $ MILLION)

FIGURE 20: GERMANY BLOCKCHAIN IN HEALTHCARE MARKET, 2019-2028 (IN $ MILLION)

FIGURE 21: FRANCE BLOCKCHAIN IN HEALTHCARE MARKET, 2019-2028 (IN $ MILLION)

FIGURE 22: SPAIN BLOCKCHAIN IN HEALTHCARE MARKET, 2019-2028 (IN $ MILLION)

FIGURE 23: ITALY BLOCKCHAIN IN HEALTHCARE MARKET, 2019-2028 (IN $ MILLION)

FIGURE 24: RUSSIA BLOCKCHAIN IN HEALTHCARE MARKET, 2019-2028 (IN $ MILLION)

FIGURE 25: REST OF EUROPE BLOCKCHAIN IN HEALTHCARE MARKET, 2019-2028 (IN $ MILLION)

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