(MENAFN- America News Hour) In a recent published report, Kenneth Research has updated the Blockchain Adoption in Healthcare Industry Market report for for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Blockchain Adoption in Healthcare Industry Market products.
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According to the statistics by the World Bank, the current health expenditure (% of GDP) around the world increased from 9.08% in 2001 to 9.84% in 2018. Additionally, the current health expenditure per capita (current US$) increased from USD 492.99 in 2001 to USD 1110.84 in 2018. Moreover, growing concern for deaths caused due to various diseases and the need for treatment that can lower the crude death rate, which in the year 2019 recorded close to 7% (per 1000 people), are also anticipated to drive the market growth during the forecast period.
Until recently, Blockchain technology owed its popularity primarily to its role in transforming the digital currency sector, with Bitcoin being the game-changer in this regard. However, the possibilities of the core technology of Blockchain are limitless. It is capable of, and has been causing a significant amount of disruption in industries across the world, especially the healthcare sector, a primary focus area at this point of time. Digital transformations and technological advancements in every business segment of the healthcare sector is a notable trend. The healthcare industry however, comes with its set of challenges – lack of interoperability and limited linkage between healthcare storage systems are major concerns as far as management of medical data is concerned. Blockchain technology is increasingly being touted as the solution for interoperability and security issues that plague traditional healthcare systems. This report includes a comprehensive analysis of the adoption of Blockchain technology in the healthcare industry, and highlights the major trends and opportunities across the ecosystem.
Blockchain Impact and Adoption Trend Analysis
This section of the report throws light on the segments of the healthcare industry from the perspective of Blockchain technology, including its structure and ecosystem, foundational elements, types of Blockchains and their uses, and a detailed analysis of the impact of this technology on the healthcare industry.
The section also provides a detailed analysis of the various use cases and applications of Blockchain in healthcare, its benefits, implementation challenges, and the expected timeline for its adoption in healthcare. Moreover, it highlights the future business models and opportunities that are anticipated to arise from the adoption of Blockchain.
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Competitive Analysis
This section includes a list of the top innovators and disruptors that are making their mark in the industry. Some of the top companies that are focused on healthcare services through Blockchain-enabled healthcare solutions – including asset management, contract management, bills and claims management, medical and health records, medication and treatment adherence, clinical trial records, etc. – have been profiled in detail in this section of the report. The section also addresses and provides answers to questions pertaining to product offerings and technologies, key developments, funding activities, and the outlook that will define the future of Blockchain in the healthcare industry.
Some of the companies included and profiled in the report are Change Healthcare, IBM, Accenture, TraceLink, SAP, Oracle, MedicalChain, Nebula Genomics, Hashed Health, Doc.ai, etc.
The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:
- North America (U.S. & Canada) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
- Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Market Players Analysis & Opportunity Outlook
- Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth Market Players Analys & Opportunity Outlook
- Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Market Players Analysis & Opportunity Outlook
- Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth Market Players Analysis & Opportunity Outlook
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About Kenneth Research:
Rated as one of the best multi-client reselling agencies, Kenneth Research provides a single platform for insights on numerous industries for investors and companies who are willing to expand their business. The platform caters to industries that include Healthcare and Pharmaceuticals, Chemicals, ICT and Telecom, Energy and Power, Automotive and Transportation, and several others, and offers the best strategic business consultancy services at a global level.
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Eli
Eli is a freelance writer and possess double graduation degree in physics and chemistry. She is an intense writer covering everything for Science and Tech to Business, Entertainment, Sports and Lifestyle.
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