Global Smart Contracts in Healthcare Market Research Report: by Application (Patient Data Management, Electronic Health Records (EHRs), Supply Chain Management, Clinical Data Exchange and Interoperability, Claims Adjudication And Billing Management), by End User (Pharmaceutical Companies, Healthcare Providers, Healthcare Payers and other end users) and by Region (North America, Europe, Asia-Pacific, Middle East and Africa and South America) – Forecast till 2026
As block chain technology becomes more mainstream, the benefits of using smart contracts in healthcare are becoming more widely understood. But many still do not realise the positive impact they can have on the industry.
This is where smart contracts come in.
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Smart contracts help to reduce such hassles and complexity. The shared ledger capability of a healthcare blockchain offers complete visibility to all stakeholders and allow patients and healthcare providers to negotiate complex bundle claims. Additionally, integrating smart contracts solution with healthcare reduces the claims adjudication process, making it seamless. It also eliminates middlemen such as PBMs, retail pharmacies, and drug wholesalers that in turn reduces the complexity of setting up the prices of drugs.
Some of the key players in the global smart contracts in healthcare market include IBM Corporation (US), Patientory (US), Factom (US), Proof.Work (UK), SimplyVital Health (US), Gem (US), PokitDok, Inc (US), Hashed Health (US), Chronicled (US), smartData Enterprises (India), iSolve (US), FarmaTrust (UK), Blockpharma (France), Microsoft Corporation (US), Guardtime (Netherlands), and Medicalchain (UK).
Based on the blockchain platform, the global smart contracts in the healthcare market has been segmented into Bitcoin, NXT, Sidechains, and Ethereum. The Ethereum segment is likely to register considerable growth over the review period as it noted to be a seamless coding and processing platform of the smart contracts. The Bitcoin segment, followed by the NXT segment is expected to expand at a healthy CAGR.
Based on the end-user, the global smart contracts in the healthcare market has been segmented into healthcare providers, pharmaceutical companies, healthcare payers, and others. In 2018, the Pharmaceutical companies segment held the largest share of the market and is likely to maintain the same over the review period. The strict government regulations regarding the security of the pharmaceutical supply chain due to the growing cases of medicines forgery can contribute to the fast-paced expansion of the pharmaceutical companies segment.
The report also provides an analysis of the factors that drive and restrain the growth of the Smart Contracts in Healthcare Market. It discusses the prevailing market trends, prospective growth opportunities, and major strategies increasing the popularity of the global market. It provides market estimates and forecasts for all the segments in terms of revenue. The main areas covered by the report are the United States, Europe, China, Japan, Southeast Asia, India and Central and South America
This report gives an in depth and broad understanding of Smart Contracts in Healthcare Market. With accurate data covering all key features of the prevailing market, this report offers prevailing data of leading companies. Appreciative of the market state by amenability of accurate historical data regarding each and every sector for the forecast period is mentioned. Driving forces, restraints and opportunities are given to help give an improved picture of this market investment for the forecast period of 2018 to 2026.
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Following are the List of Chapter Covers in the Smart Contracts in Healthcare Market:
- Smart Contracts in Healthcare Market Overview
- Global Economic Impact on Industry
- Global Market Competition by Manufacturers
- Global Market Analysis by Application
- Marketing Strategy Analysis, Distributors/Traders
- Market Effect Factors Analysis
- Global Smart Contracts in Healthcare Market Forecast
Finally, all aspects of the Global Smart Contracts in Healthcare Market are quantitatively as well qualitatively assessed to study the Global as well as regional market comparatively. This market study presents critical information and factual data about the market providing an overall statistical study of this market on the basis of market drivers, limitations and its future prospects. The report supplies the international economic competition with the assistance of Porter’s Five Forces Analysis and SWOT Analysis.
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