LATIN AMERICA BLOCKCHAIN IN HEALTHCARE MARKET 2019-2028

Lifesciences | Healthcare IT

LATIN AMERICA BLOCKCHAIN IN HEALTHCARE MARKET 2019-2028

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

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According to Triton, the blockchain in healthcare market in Latin America is expected to proliferate with a CAGR of 48.07% in the forecast period 2019-2028.



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The countries reviewed n this market include:

           Brazil

           Mexico

           Rest of Latin America countries

Brazil is bursting with creativity, and the size of the nation presents a proverbial necessity that will give birth to invention. Aiming at privacy protection, the local law forbids hospitals and healthcare companies from sharing patient data. However, this protection has its downsides – it creates difficulty for patients wanting to inform different doctors regarding their diagnosis and health history. Even the owner, who is the owner of the health records, does not have access to most of them. This is because the records are kept in the clinics and hospitals where the patient has sought treatment. This makes it difficult for healthcare providers to provide accurate diagnosis, particularly affecting the efficiency of paramedics and pharmacists, two types of professionals instrumental in saving lives in cases of emergency.

Furthermore, young Brazilians working with the blockchain and AI lab Entropia have come up with EverSafe. It is a blockchain-based platform that would reconfigure healthcare in innumerable ways. Data transmitted via a blockchain cannot be altered or deleted. Hence, blockchain may be perfect for application in the country. According to the Brazilian Institute of Supplementary Health, annual expenses in the healthcare industry in Brazil, including overpriced or unnecessary medical procedures, reached around $8.5 million in 2017.

There are several applications of blockchain. Beyond solving breaches in data systems, it enables the healthcare industry to gain access to past and real-time patient data, verify the digital identity of patients, genetic data, or prescription history. Thus, the adoption of blockchain is growing in Brazil. This will lead to the growth of the studied market in the country over the forecasting period.

Healthereum LLC is a wellness & healthcare solutions provider which uses blockchain technology. The company was established in 2017. aims at bringing about more trust, accountability, and organization between all healthcare entities via a decentralized, transparent, and anonymous blockchain platform. Healthereum Dapps is a suite of healthcare apps which covers all spheres of healthcare.

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Table of Content

1.    LATIN AMERICA 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.    LATIN AMERICA 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.    LATIN AMERICA BLOCKCHAIN IN HEALTHCARE MARKET OUTLOOK - BY ORGANISATION SIZE

4.1. LARGE ENTERPRISES

4.2. SMALL & MEDIUM-SIZED ENTERPRISES

5.    LATIN AMERICA BLOCKCHAIN IN HEALTHCARE MARKET OUTLOOK - BY BLOCKCHAIN TYPE

5.1. PUBLIC

5.2. PRIVATE

5.3. HYBRID

6.    LATIN AMERICA BLOCKCHAIN IN HEALTHCARE MARKET – REGIONAL OUTLOOK

6.1. BRAZIL

6.2. MEXICO

6.3. REST OF LATIN AMERICA

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 table

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

TABLE 2: MARKET ATTRACTIVENESS INDEX

TABLE 3: VENDOR SCORECARD

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

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

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

TABLE 7: LATIN AMERICA 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: LATIN AMERICA BLOCKCHAIN IN HEALTHCARE MARKET, BY HEALTHCARE DATA EXCHANGE, 2019-2028 (IN $ MILLION)

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

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

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

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

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

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

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

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

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

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

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

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

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

FIGURE 21: REST OF LATIN AMERICA BLOCKCHAIN IN HEALTHCARE MARKET, 2019-2028 (IN $ MILLION)

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