North America Healthcare Blockchain Market Size, Segments, Outlook, and Revenue Forecast 2022-2027 by Application (Supply Chain Management, Claims and Billing Management, Patient-Centric Health Data, and Others), Deployment (Public, Private, Hybrid, and Consortium), Provider (Infrastructure & Protocol Provider, Middleware Provider, and Application & Solution Provider), End User (Hospitals, Clinics, Diagnostic Laboratories, Pharmaceutical Companies, Medical Device Companies) and Major Countries (USA, Canada, and Mexico)
- KRBR17
- Slides: 140
- September 2022
- Author(s): Agnidip Mukhopadhyay
- Total Views:1483
- Region : North America
- Ken Research
- Business Research
About the Report
About the Report
- With the increase in cybersecurity, hacking, and data phishing, the healthcare sector faced many data leaks. Therefore, blockchain has come into demand as it increases trust, security, transparency, and the traceability of data shared across a business network. The Healthcare sector holds 20% GDP contribution in the US and 45% of global cybercrimes occur in the US so to prevent this blockchain plays an important role in the Healthcare sector.
- Due to increasing online breaches of patient data blockchain technology is used in the healthcare system to protect the patient’s personal information. For instance, in 2015,112 Mn healthcare data have been breached online according to Deloitte so to reduce further breaches blockchain technology is used in healthcare.
- Blockchain Technology isn't secure as it still has some security loopholes, which creates barriers to the wide adoption of Blockchain Technology.
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By Deployment |
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By Provider |
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By End User Industry |
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- As of 2021 Supply chain management type has the highest market share but it is expected to decline in its share by 2027.
- On May 2022, VSP Global, a group of companies that combine eye care insurance, eyewear, lens, and lens enhancements, and connected experiences to strengthen the relationship between patients and their eye doctors, partners with Pokitdok to explore blockchain solutions for healthcare.
- On March 28th, 2021 IBM launched its 1st vaccine passport based on blockchain in New York which uses technology to confirm an individual's current COVID-19 negative result or vaccination proof.
By Deployment: Private Deployment type accounts for the majority of the share in the North America Healthcare Blockchain market and is expected to have a share of around 40% in 2027. However,the consortium deployment type is expected to be the fastest growing segment during the forecast period.
- On Oct 18, 2021, leading healthcare and blockchain investors such as UPMC Enterprises (the innovation, commercialization, and venture capital arm of integrated health system UPMC), First Trust Capital Partners, and Martin Ventures joined Hashed Health’s effort to nourish the startups that create innovative solutions needed in their interconnected healthcare perspective.
- On February 2022, Guardtime and Estonian eHealth Authority came into a partnership to integrate KSI blockchain with Oracle databases to provide increased security, transparency, auditability, and governance for electronic systems and lifecycle management of patient records.
By Provider: The Infrastructure & Protocol provider segment holds the largest market share in the North America Healthcare Blockchain Market as blockchain technology is based on protocols that keep increasing with updates.
- In Hospitals & Clinics Blockchain is used for various services such as X-rays, MRIs, and other imaging scans, maintaining results of lab tests and bloodwork, and more.
- Pharmaceutical industry bringing transparency and efficiency by preventing counterfeit drugs, verification & authentication of returned drugs, and improved quality and reliability of clinical trial data are some benefits that pharma companies can rip from blockchain technology.
- Additionally, Blockchain is used for various services such as data management, by interconnecting all the medical care facilities, patients, insurers, physicians, etc. in Healthcare Sector.
- The US is expected to remain the largest geographic segment within total North America in the Healthcare Blockchain Market contributing over a larger area of the market revenues because it has the highest spending in healthcare.
- Canada is expected to remain the second largest segment in the North America Healthcare Blockchain Market which is driven by digital transformation due to shifts in consumer demand, the need to stay ahead of the competition, and the need to solve healthcare issues with the help of blockchain.
- Mexico is expected to be the fastest growing market in the North America Healthcare Blockchain Market which is driven by an increase in cloud adoption in organizations to reduce their cost with the help of blockchain technologies.
Competitive Landscape
- The Healthcare Blockchain market is highly competitive with ~200 players which include globally diversified players, regional players as well as a large number of country-niche players in Blockchain Solutions in the Healthcare Sector. Most of the country-niche players are start-ups in Blockchain Solutions in the Healthcare Sector.
- The large global players comprise about 10% in terms of the number of companies and hold ~50% of the market revenue share followed by regional players. Most of the country-niche players are start-ups. Some of these who successfully evolve to create application-specific solutions often get acquired by large global players seeking to grow and diversify quickly.
- The Leading Specialist players such as Patientory, Chronicled, Hashed Health, Solve.care, and PokitDok is highly focused on providing a significant number of Blockchain solutions and advanced techniques that can be used across Healthcare Industries.
Recent Developments Related to Major Players
- In 2022, Microsoft acquired Nuance Communications, Inc., a leader in conversational AI and ambient intelligence across various industries including healthcare, financial services, retail, and telecommunications. With this acquisition, the company has started providing ambient clinical intelligence capabilities for healthcare organizations that improve the patient experience.
- In 2022, Oracle acquired Cerner, a leading digital information system provider used within hospitals and health systems. With this acquisition, Oracle is planning to have the capacity to transform healthcare delivery by providing medical professionals with better information enabling better treatment decisions.
- On March 4th, 2021 IBM teamed up with Moderna Inc an American pharmaceutical and Biotechnology Company to track the COVID-19 vaccine situation with the help of IBM’s digital health pass to check and verify the credentials of employees, travelers, and customers.
- On March 2022, Intel Corporation announced an agreement to acquire Granulate Cloud Solutions Ltd, an Israel-based developer of real-time continuous optimization software. The acquisition of Granulate will help cloud and data center customers maximize compute workload performance and reduce infrastructure and cloud costs.
- On May 2022, VSP Global, a group of companies that combine eye care insurance, eyewear, lens, and lens enhancements, and connected experiences to strengthen the relationship between patients and their eye doctors, partners with Pokitdok to explore blockchain solutions for healthcare.
Key Topics Covered in the Report: -
- Snapshot of North America Healthcare Blockchain Market
- Industry Value Chain and Ecosystem Analysis
- Market size and Segmentation of North America Healthcare Blockchain Market
- Historic Growth of Overall North America Healthcare Blockchain Market and Segments
- Competition Scenario of the Market and Key Developments of Competitors
- Porter’s 5 Forces Analysis of North America Healthcare Blockchain Industry
- Overview, Product Offerings, and SWOT Analysis of Key Competitors
- Covid19 Impact on the Overall North America Healthcare Blockchain Market
- Future Market Forecast and Growth Rates of the Total North America Healthcare Blockchain Market and by Segments
- Market Size of Application / End User Segments with Historical CAGR and Future Forecasts
- Analysis of Healthcare Blockchain Market in Major North American Countries
- Major Production / Consumption Hubs in the Major North American Countries
- Major Production/Supply and Consumption/Demand Hubs in Each Major Country
- Major Country-wise Historic and Future Market Growth Rates of the Total Market and Segments
- Overview of Notable Emerging Competitor Companies within Each Major Country
- Microsoft
- Oracle
- International Business Machines (IBM)
- Intel
- Pokidot
- Amazon Web Services(AWS)
- Patientory, Inc.
- Solve. Care
- Chronicled
- Hashed Health
- Hewlett Packard Enterprise (HPE)
- Guardtime
- Welwaze Medical
- Noom
- Embleema
- AmArmchai
- HealthChain
- uFirst
- Medical Veda
- TEEB Health
- WelbeCare
- Yana
- Blockchain Solution Providers
- Cloud Computing Solution Providers
- Cryptography Solutions Providers
- Healthcare Organizations
- Healthcare Insurance Companies
- Banking and Finance Companies
- Pharmaceutical Companies
- Communications Infrastructure Companies
- Internet Infrastructure Providers
- Potential Investors in Blockchain Industry Value Chain
- Historical Period: 2017-2021
- Forecast Period: 2022-2027F
- What is the Study Period of this Market Report?
- What is the Future Growth Rate of the North America Healthcare Blockchain Market?
- What are the Key Factors Driving the North America Healthcare Blockchain Market?
- Which is the Largest Deployment Segment within North America Healthcare Blockchain Market?
- Who are the Key Players in North America Healthcare Blockchain Market?
Products
Products
Key Segments Covered in North America Healthcare Blockchain Market:
- North America Healthcare Blockchain Market By Application
- Supply Chain Management
- Claims and Billing Management
- Patient-Centric Health Data
- Others
- North America Healthcare Blockchain Market By Deployment
- Public
- Private
- Consortium
- Hybrid
- North America Healthcare Blockchain Market By Provider
- Infrastructure & Protocol Provider
- Middleware Provider
- Application & Solution Provider
- North America Healthcare Blockchain Market By End User Segment
- Hospitals & Clinics
- Health Insurance Companies
- Diagnostic Laboratories
- Pharmaceutical Companies
- Medical Device Companies
- North America Healthcare Blockchain Market By Geography
- USA
- Canada
- Mexico
- Rest of North America
Key Topics Covered in the Report
- Snapshot of North America Healthcare Blockchain Market
- Industry Value Chain and Ecosystem Analysis
- Market size and Segmentation of North America Healthcare Blockchain Market
- Historic Growth of Overall North America Healthcare Blockchain Market and Segments
- Competition Scenario of the Market and Key Developments of Competitors
- Porter's 5 Forces Analysis of North America Healthcare Blockchain Industry
- Overview, Product Offerings, and SWOT Analysis of Key Competitors
- Covid19 Impact on the Overall North America Healthcare Blockchain Market
- Future Market Forecast and Growth Rates of the Total North America Healthcare Blockchain Market and by Segments
- Market Size of Application / End User Segments with Historical CAGR and Future Forecasts
- Analysis of Healthcare Blockchain Market in Major North American Countries
- Major Production / Consumption Hubs in the Major North American Countries
- Major Production/Supply and Consumption/Demand Hubs in Each Major Country
- Major Country-wise Historic and Future Market Growth Rates of the Total Market and Segments
- Overview of Notable Emerging Competitor Companies within Each Major Country
Companies Mentioned in the Report
- Key Competitors Profiled in the Report
- Microsoft
- Oracle
- International Business Machines (IBM)
- Intel
- Pokidot
- Amazon Web Services(AWS)
- Patientory, Inc.
- Solve. Care
- Chronicled
- Hashed Health
- Hewlett Packard Enterprise (HPE)
- Guardtime
- Notable Emerging Companies Mentioned in the Report
- Welwaze Medical
- Noom
- Embleema
- AmArmchai
- HealthChain
- uFirst
- Medical Veda
- TEEB Health
- WelbeCare
- Yana
Time Period Captured in the Report
- Historical Period: 2017-2021
- Forecast Period: 2022-2027F
Key Target Audience – Organizations and Entities Who Can Benefit by Subscribing This Report
- Blockchain Solution Providers
- Cloud Computing Solution Providers
- Cryptography Solutions Providers
- Healthcare Organizations
- Healthcare Insurance Companies
- Banking and Finance Companies
- Pharmaceutical Companies
- Communications Infrastructure Companies
- Internet Infrastructure Providers
- Potential Investors in Blockchain Industry Value Chain
Companies
Companies Mentioned in the Report
- Key Competitors Profiled in the Report
- Microsoft
- Oracle
- International Business Machines (IBM)
- Intel
- Pokidot
- Amazon Web Services(AWS)
- Patientory, Inc.
- Solve. Care
- Chronicled
- Hashed Health
- Hewlett Packard Enterprise (HPE)
- Guardtime
- Notable Emerging Companies Mentioned in the Report
- Welwaze Medical
- Noom
- Embleema
- AmArmchai
- HealthChain
- uFirst
- Medical Veda
- TEEB Health
- WelbeCare
- Yana
Table of Contents
Table of Contents
- 1. Executive Summary
1.1 Highlights of Total North America Healthcare Blockchain Market Historic Growth & Forecast
1.2 Highlights of Market Trends, Challenges, and Competition
1.3 Highlights of Market Revenue Share by Segments
- 2. Market Overview and Key Trends Impacting Growth
2.1 Market Definition and Key Terms & Abbreviations
2.2 North America Healthcare Blockchain Market Taxonomy
2.3 Industry Value Chain
2.4 The Ecosystem of North America Healthcare Blockchain Market
2.5 Government Regulations & Developments
2.6 Key Growth Drivers & Challenges Impacting the Market
2.7 Key Trends
2.8 COVID-19 Impact on North America Healthcare Blockchain Market
2.9 Total North America Healthcare Blockchain Market Historic Growth by Segment Type, 2017-2021
2.9.1 By Application
2.9.2 By Deployment
2.9.3 By Provider
2.9.4 By End-user Industry
2.9.5 By Geography and Major Countries
2.10 Total North America Healthcare Blockchain Market Historic Growth and Forecast, 2017-2027
2.11 Key Takeaways
- 3. Total North America - Market Segmentation by Application, Historic Growth, Outlook & Forecasts
3.1 Market Definition - Segmentation by Application
3.2 Market Revenue Share, Historic Growth, Outlook and Forecasts by Application, 2017-2027
3.2.1 Supply Chain Management
3.2.2 Claims and Billing Management
3.2.3 Patient-Centric Health Data
3.2.4 Key Developments in Application Segments Impacting Market Future Growth
3.2.5 Key Takeaways from Market Segmentation by Application
- 4. Total North America - Market Segmentation by Deployment Type, Historic Growth, Outlook & Forecasts
4.1 Market Definition - Segmentation by Deployment Type
4.2 Market Revenue Share, Historic Growth, Outlook, and Forecasts by Deployment Type, 2017-2027
4.2.1 Public
4.2.2 Private
4.2.3 Consortium
4.2.4 Hybrid
4.2.5 Key Developments in Deployment Segments Impacting Market Future Growth
4.2.6 Key Takeaways from Market Segmentation by Deployment Type
- 5. Total North America - Market Segmentation by Provider, Historic Growth, Outlook & Forecasts
5.1 Market Definition - Segmentation by Provider
5.2 Market Revenue Share, Historic Growth, Outlook, and Forecasts by Provider, 2017-2027
5.2.1 Infrastructure and Protocol Providers
5.2.2 Middleware Providers
5.2.3 Application and Solution Providers
5.2.4 Key Takeaways from Market Segmentation by Provider
- 6. Total North America Market Segmentation by End User Segment/Industry, Growth, Outlook & Forecasts
6.1 Market Definition - Segmentation by End User Industry
6.2 Benefits of Blockchain Adoption in End User Industries
6.3 Key Developments in Deployment Segments Impacting Market Future Growth
6.4 Covid-19 Impact on North America Healthcare Blockchain Market
6.5 Key Takeaways from Market Segmentation by Provider
- 7. Industry / Competition Analysis - Competitive Landscape
7.1 Types of Players (Competitors) & Business Models
7.2 Porter’s 5 Forces Analysis of North America Sector Healthcare Blockchain Competitors
7.3 Comparison of Leading Competitors within the North America Healthcare Blockchain Market
7.4 Comparison of Leading Competitors within the Healthcare Blockchain Market in North America based on Type of Application
7.5 Comparison of Leading Competitors within the Healthcare Blockchain Market in North America based on Type of Deployment
7.6 Comparison of Leading Competitors within the Healthcare Blockchain Market in North America based on Type of Provider
7.7 Comparison of Leading Competitors within the Healthcare Blockchain Market in North America based on Type of End-user
7.8 Key Takeaways from Competitive Landscape
- 8. Key Competitor Profiles (Company Overview, Product Offerings)
8.1 Microsoft
8.2 Oracle
8.3 International Business Machines (IBM)
8.4 Intel
8.5 Pokidot
8.6 Amazon Web Services(AWS)
8.7 Patientory, Inc.
8.8 Solve. Care
8.9 Chronicled
8.10 Hashed Health
8.11 HPE
8.12 Guardtime
- 9. Geographic Analysis & Major Countries Market Historic Growth, Outlook, and Forecasts
9.1 Major Countries Comparison of Macroeconomic Factors
9.2 Total North America - Market Revenue Share, Historic Growth, Outlook and Forecasts by Geography, 2017-2027
9.3 Major Countries Market Analysis, Historic Growth, Outlook & Forecasts
9.4 United States (USA) - Healthcare Blockchain Market Analysis
9.4.1 Major Production and Consumption Hubs in United States
9.4.2 Notable Emerging Healthcare Blockchain Companies in the USA
9.4.3 Market Revenue Share, Historic Growth, Outlook and Forecasts by Application, 2017-2027
9.4.4 Market Revenue Share, Historic Growth, Outlook, and Forecasts by Deployment Type, 2017-2027
9.4.5 Market Revenue Share, Historic Growth, Outlook and Forecasts by Provider, 2017-2027
9.4.6 Market Revenue Share, Historic Growth, Outlook, and Forecasts by End User Industry, 2017-2027
9.5 Canada – Healthcare Blockchain Market Analysis
9.5.1 Major Production and Consumption Hubs in Canada
9.5.2 Notable Emerging Healthcare Blockchain Companies in Canada
9.5.3 Market Revenue Share, Historic Growth, Outlook and Forecasts by Application, 2017-2027
9.5.4 Market Revenue Share, Historic Growth, Outlook, and Forecasts by Deployment Type, 2017-2027
9.5.5 Market Revenue Share, Historic Growth, Outlook and Forecasts by Provider, 2017-2027
9.5.6 Market Revenue Share, Historic Growth, Outlook, and Forecasts by End User Industry, 2017-2027
9.6 Mexico – Healthcare Blockchain Market Analysis
9.6.1 Major Production and Consumption Hubs in Mexico
9.6.2 Notable Emerging Healthcare Blockchain Companies in Mexico
9.6.3 Market Revenue Share, Historic Growth, Outlook and Forecasts by Application, 2017-2027
9.6.4 Market Revenue Share, Historic Growth, Outlook, and Forecasts by Deployment Type, 2017-2027
9.6.5 Market Revenue Share, Historic Growth, Outlook and Forecasts by Provider, 2017-2027
9.6.6 Market Revenue Share, Historic Growth, Outlook, and Forecasts by End User Industry, 2017-2027
- 10 . Industry Expert’s Opinions/Perspectives
10.1 Notable Statements/Quotes from Industry Experts and C-Level Executives on Current Status and Future Outlook of the Market
- 11. Analyst Recommendation
10.1 Analyst Recommendations on Identified Major Opportunities and Potential Strategies to Gain from Opportunities
- 12. Appendix
12.1 Research Methodology - Market Size Estimation, Forecast, and Sanity Check Approach
12.2 Sample Discussion Guide
12.3 Disclaimer
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