NORTH AMERICA BLOCKCHAIN IN HEALTHCARE MARKET 2019-2028

Lifesciences | Healthcare IT

NORTH AMERICA BLOCKCHAIN IN HEALTHCARE MARKET 2019-2028

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

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Triton Market Research, in its report, has concluded that the North America blockchain in healthcare market will grow at a CAGR of 52.08% in the estimated years 2019-2028.



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The countries analyzed in this market are:

           The United States

           Canada

In the United States, apart from major pharma companies’ supply-tracking experiments, other major healthcare companies in the country are beginning to explore blockchain technology. In early 2018, five of the biggest healthcare companies collaborated to use a blockchain system for collecting data on healthcare providers’ demographics. Strikingly, this collaboration included various types of providers in the healthcare industry, a Mediclaim processor and a national medical testing lab, as well as major health insurance providers and competitors, Humana and the UnitedHealth Group. That development indicates a potential shift towards an industry-wide approach in handling healthcare data. Thus, the US blockchain in healthcare market has a promising future.

In Canada, leading banks have been testing a new system for wholesale interbank payments using blockchain. In addition, blockchain is also the perfect technology to help curb drug problems with institutional measures. Prescription-monitoring programs have long been considered vital to tackle the opioid addiction problems in the country, and blockchain is the perfect solution in this case. Every province in Canada does not have a monitoring system in place. Blockchain technology will link pharmacies and ensure that patients do not get their prescriptions double-filled, which is a common tactic by those addicted. Thus, adopting blockchain for use in its healthcare industry would majorly benefit Canada, and lead to the growth of the studied market in the country.

Change Healthcare is a healthcare tech company established in the United States in 1986. The company is working to improve the status of healthcare by collaborating with care providers to create a stronger and more efficient healthcare system. It offers enterprise medical imaging solutions, healthcare data & analytics solutions, provider contract optimization solutions, and payment accuracy solutions to healthcare providers. Change Healthcare is headquartered in Nashville, Tennessee. In 2018, the company launched its enterprise-scale blockchain solution in the market.

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Table of Content

1.    NORTH 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 FROM TO MARKET PLAYERS

2.12.2. DEMAND FOR SMART CONTRACTS

2.13. MARKET CHALLENGES

2.13.1. LOW AWARENESS AMONG PUBLIC

2.13.2. NEED FOR MORE STORAGE CAPABILITY

3.    NORTH 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.    NORTH AMERICA BLOCKCHAIN IN HEALTHCARE MARKET OUTLOOK - BY ORGANISATION SIZE

4.1. LARGE ENTERPRISES

4.2. SMALL & MEDIUM-SIZED ENTERPRISES

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

5.1. PUBLIC

5.2. PRIVATE

5.3. HYBRID

6.    NORTH AMERICA BLOCKCHAIN IN HEALTHCARE MARKET – REGIONAL OUTLOOK

6.1. UNITED STATES

6.2. CANADA

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

TABLE 2: MARKET ATTRACTIVENESS INDEX

TABLE 3: VENDOR SCORECARD

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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