MIDDLE EAST AND AFRICA BLOCKCHAIN IN HEALTHCARE MARKET 2019-2028

Lifesciences | Healthcare IT

MIDDLE EAST AND AFRICA BLOCKCHAIN IN HEALTHCARE MARKET 2019-2028

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

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As per Triton's research report, the Middle East and African blockchain in healthcare market is anticipated to surge with a CAGR of 46.96% in the forecasting years 2019-2028.



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The countries scrutinized in this market include:

           Saudi Arabia

           South Africa

           Turkey

           The UAE

           Rest of MEA

The UAE is now among the growing list of countries increasingly adopting blockchain to improve the data security and storage within the national health system. The country’s Ministry of Health and Prevention (MoHAP), in 2019, launched a blockchain platform to store pharmaceutical and healthcare data. It was developed in collaboration with the Dubai Healthcare City, the Ministry of Presidential Affairs, and other health authorities in the nation. The MoHAP’s strategy involves the integration of artificial intelligence with healthcare services in order to raise the efficiency of smart healthcare.

This blockchain platform has been made available to users through the app developed by MoHAP. It stores the pharmaceutical and data, as well as information about the government & private facilities and medical practitioners. With the help of this app, the users can search for health & medical facilities, licensed medical & technical personnel, and their expertise.

The solution developed by the Ministry of Health and Prevention is not simply a healthcare data blockchain. It is a registry of healthcare workers and centers, and provides easier verification by government agencies. Owing to all these factors, there has been an increased adoption of blockchain technology in the United Arab Emirates, which has benefited its blockchain in healthcare market.

Additionally, the UAE’s Minister of Health and Prevention, Abul Rahman Mohammad Al Owais, announced that, the public and private hospitals across the nation would share medical records, by the year 2022. This move, the first of its kind, aims to enhance the quality of service, while maintaining confidentiality. This plan will be implemented with the help of BC technology. Thus, it can be seen that the blockchain in healthcare market has huge potential for growth in the country.

Patientory is a provider of blockchain-based international population health management software. It enables patients, clinicians, and healthcare organizations to safely access, store, and transfer their data; it thus improves care coordination while maintaining the integrity of patient data. The software developed by the company can interconnect with any EHR system, and thus empower consumers, doctors, and care providers to communicate on an easy-to-use platform, by connecting a patient with the larger healthcare community.

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Table of Content

1.    MIDDLE EAST AND AFRICA 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 FORCES 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 HELP 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.    MIDDLE EAST AND AFRICA 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.    MIDDLE EAST AND AFRICA BLOCKCHAIN IN HEALTHCARE MARKET OUTLOOK - BY ORGANISATION SIZE

4.1. LARGE ENTERPRISES

4.2. SMALL- & MEDIUM-SIZED ENTERPRISES

5.    MIDDLE EAST AND AFRICA BLOCKCHAIN IN HEALTHCARE MARKET OUTLOOK - BY BLOCKCHAIN TYPE

5.1. PUBLIC

5.2. PRIVATE

5.3. HYBRID

6.    MIDDLE EAST AND AFRICA BLOCKCHAIN IN HEALTHCARE MARKET – REGIONAL OUTLOOK

6.1. UNITED ARAB EMIRATES

6.2. TURKEY

6.3. SAUDI ARABIA

6.4. SOUTH AFRICA

6.5. REST OF MIDDLE EAST & AFRICA

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: MIDDLE EAST AND AFRICA BLOCKCHAIN IN HEALTHCARE MARKET, BY COUNTRY, 2019-2028 (IN $ MILLION)

TABLE 2: MARKET ATTRACTIVENESS INDEX

TABLE 3: VENDOR SCORECARD

TABLE 4: MIDDLE EAST AND AFRICA BLOCKCHAIN IN HEALTHCARE MARKET, BY APPLICATION, 2019-2028 (IN $ MILLION)

TABLE 5: MIDDLE EAST AND AFRICA BLOCKCHAIN IN HEALTHCARE MARKET, BY ORGANISATION SIZE, 2019-2028 (IN $ MILLION)

TABLE 6: MIDDLE EAST AND AFRICA BLOCKCHAIN IN HEALTHCARE MARKET, BY BLOCKCHAIN TYPE, 2019-2028 (IN $ MILLION)

TABLE 7: MIDDLE EAST AND AFRICA BLOCKCHAIN IN HEALTHCARE MARKET, BY COUNTRY, 2019-2028 (IN $ MILLION)

List of Figures

FIGURE 1: FOUNDATION ELEMENTS OF BLOCKCHAIN

FIGURE 2: PORTER’S FIVE FORCES ANALYSIS

FIGURE 3: KEY BUYING IMPACT ANALYSIS

FIGURE 4: INDUSTRY COMPONENTS

FIGURE 5: HEALTHCARE ECOSYSTEM.

FIGURE 6: HEALTHCARE BLOCKCHAIN: SMART CONTRACTS

FIGURE 7: MIDDLE EAST AND AFRICA BLOCKCHAIN IN HEALTHCARE MARKET, BY HEALTHCARE DATA EXCHANGE, 2019-2028 (IN $ MILLION)

FIGURE 8: MIDDLE EAST AND AFRICA BLOCKCHAIN IN HEALTHCARE MARKET, BY PHARMACEUTICALS SUPPLY CHAIN, 2019-2028 (IN $ MILLION)

FIGURE 9: MIDDLE EAST AND AFRICA BLOCKCHAIN IN HEALTHCARE MARKET, BY HEALTH INSURANCE, 2019-2028 (IN $ MILLION)

FIGURE 10: MIDDLE EAST AND AFRICA BLOCKCHAIN IN HEALTHCARE MARKET, BY DRUG DISCOVERY, 2019-2028 (IN $ MILLION)

FIGURE 11: MIDDLE EAST AND AFRICA BLOCKCHAIN IN HEALTHCARE MARKET, BY IDENTITY & AUTHENTICATION, 2019-2028 (IN $ MILLION)

FIGURE 12: MIDDLE EAST AND AFRICA BLOCKCHAIN IN HEALTHCARE MARKET, BY OTHER APPLICATION, 2019-2028 (IN $ MILLION)

FIGURE 13: MIDDLE EAST AND AFRICA BLOCKCHAIN IN HEALTHCARE MARKET, BY LARGE ENTERPRISES, 2019-2028 (IN $ MILLION)

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

FIGURE 15: MIDDLE EAST AND AFRICA BLOCKCHAIN IN HEALTHCARE MARKET, BY PUBLIC, 2019-2028 (IN $ MILLION)

FIGURE 16: MIDDLE EAST AND AFRICA BLOCKCHAIN IN HEALTHCARE MARKET, BY PRIVATE, 2019-2028 (IN $ MILLION)

FIGURE 17: MIDDLE EAST AND AFRICA BLOCKCHAIN IN HEALTHCARE MARKET, BY HYBRID, 2019-2028 (IN $ MILLION)

FIGURE 18: MIDDLE EAST AND AFRICA BLOCKCHAIN IN HEALTHCARE MARKET, REGIONAL OUTLOOK, 2019 & 2028 (IN %)

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

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

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

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

FIGURE 23: REST OF MIDDLE EAST & AFRICA BLOCKCHAIN IN HEALTHCARE MARKET, 2019-2028 (IN $ MILLION)

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