The Asia Pacific Blockchain Technology in Healthcare Market is expected to witness market growth of 41.3% CAGR during the forecast period (2022-2028).
Medical information about patients is gathered by doctors and clinic staff through diagnosis. They are in charge of keeping the patient records of those who have confirmed them as authorized doctors or clinics and given them permission to enter information into them up to date with regard to their health. It is the responsibility of labs to perform tests, provide test results, and update this data in the records of patients who have validated that the labs are allowed and have been given permission to write into their records.
Blocks of data, like a record of a sales transaction or a medical history, are saved on a blockchain. A block is put on the list of prior blocks once all the data necessary to complete it has been supplied, and a new block is generated to accommodate the incoming data. Blockchains are decentralized and allow for an infinite number of network users, like a global network of medical equipment suppliers and buyers. The blockchain is constantly updated and synchronized as new blocks are added, and each member in a blockchain has a complete copy of the blockchain.
The way in which health services are provided, used, and have an impact on health outcomes is heavily influenced by health systems and policies. Despite the central government issuing instructions, as "health" is a state responsibility, it is up to the states to decide whether to carry out the initiatives on infant care. Due to India's federalized system of government, the union and state governments oversee different aspects of the country's health system's administration. The National AIDS Control Program and the Revised National Tuberculosis Program are just a couple of the national programmes that the Union Ministry of Health and Family Welfare is in charge of implementing.
The China market dominated the Asia Pacific Blockchain Technology in Healthcare Market by Country in 2021, and is expected to continue to be a dominant market till 2028; thereby, achieving a market value of $399.5 million by 2028. The Japan market is estimated to grow a CAGR of 40.4% during (2022 - 2028). Additionally, The India market is expected to experience a CAGR of 42.1% during (2022 - 2028).
Based on End User, the market is segmented into Pharmaceutical & Medical Device Companies, Healthcare Payers, and Healthcare Providers. Based on Type, the market is segmented into Public and Private. Based on Application, the market is segmented into Supply Chain Management, Data Exchange & Interoperability, Claims Adjudication & Billing, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include IBM Corporation, Oracle Corporation, Avaneer Health, Inc., BurstIQ, LLC, Chronicled, Embleema, Equideum Health (ConsenSys Mesh), Farmatrust, GuardTime, and Hashed Health.
Medical information about patients is gathered by doctors and clinic staff through diagnosis. They are in charge of keeping the patient records of those who have confirmed them as authorized doctors or clinics and given them permission to enter information into them up to date with regard to their health. It is the responsibility of labs to perform tests, provide test results, and update this data in the records of patients who have validated that the labs are allowed and have been given permission to write into their records.
Blocks of data, like a record of a sales transaction or a medical history, are saved on a blockchain. A block is put on the list of prior blocks once all the data necessary to complete it has been supplied, and a new block is generated to accommodate the incoming data. Blockchains are decentralized and allow for an infinite number of network users, like a global network of medical equipment suppliers and buyers. The blockchain is constantly updated and synchronized as new blocks are added, and each member in a blockchain has a complete copy of the blockchain.
The way in which health services are provided, used, and have an impact on health outcomes is heavily influenced by health systems and policies. Despite the central government issuing instructions, as "health" is a state responsibility, it is up to the states to decide whether to carry out the initiatives on infant care. Due to India's federalized system of government, the union and state governments oversee different aspects of the country's health system's administration. The National AIDS Control Program and the Revised National Tuberculosis Program are just a couple of the national programmes that the Union Ministry of Health and Family Welfare is in charge of implementing.
The China market dominated the Asia Pacific Blockchain Technology in Healthcare Market by Country in 2021, and is expected to continue to be a dominant market till 2028; thereby, achieving a market value of $399.5 million by 2028. The Japan market is estimated to grow a CAGR of 40.4% during (2022 - 2028). Additionally, The India market is expected to experience a CAGR of 42.1% during (2022 - 2028).
Based on End User, the market is segmented into Pharmaceutical & Medical Device Companies, Healthcare Payers, and Healthcare Providers. Based on Type, the market is segmented into Public and Private. Based on Application, the market is segmented into Supply Chain Management, Data Exchange & Interoperability, Claims Adjudication & Billing, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include IBM Corporation, Oracle Corporation, Avaneer Health, Inc., BurstIQ, LLC, Chronicled, Embleema, Equideum Health (ConsenSys Mesh), Farmatrust, GuardTime, and Hashed Health.
Scope of the Study
Market Segments Covered in the Report:
By End User- Pharmaceutical & Medical Device Companies
- Healthcare Payers
- Healthcare Providers
- Public
- Private
- Supply Chain Management
- Data Exchange & Interoperability
- Claims Adjudication & Billing
- Others
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- IBM Corporation
- Oracle Corporation
- Avaneer Health, Inc.
- BurstIQ, LLC
- Chronicled
- Embleema
- Equideum Health (ConsenSys Mesh)
- Farmatrust
- GuardTime
- Hashed Health
Unique Offerings from the Publisher
- Exhaustive coverage
- The highest number of Market tables and figures
- Subscription-based model available
- Guaranteed best price
- Assured post sales research support with 10% customization free
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market Overview
Chapter 3. Competition Analysis - Global
Chapter 4. Asia Pacific Blockchain Technology in Healthcare Market by End User
Chapter 5. Asia Pacific Blockchain Technology in Healthcare Market by Type
Chapter 6. Asia Pacific Blockchain Technology in Healthcare Market by Application
Chapter 7. Asia Pacific Blockchain Technology in Healthcare Market by Country
Chapter 8. Company Profiles
Companies Mentioned
- IBM Corporation
- Oracle Corporation
- Avaneer Health, Inc.
- BurstIQ, LLC
- Chronicled
- Embleema
- Equideum Health (ConsenSys Mesh)
- Farmatrust
- GuardTime
- Hashed Health
Methodology
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