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DUBLIN--(BUSINESS WIRE)--The "Global Blockchain Technology in Healthcare Market (2021-2026) by Application, End-Use, Geography, Competitive Analysis and the Impact of Covid-19 with Ansoff Analysis" report has been added to ResearchAndMarkets.com's offering.

The Global Blockchain Technology in Healthcare Market is estimated to be USD 12.45 Bn in 2021 and is expected to reach USD 55.83 Bn by 2026, growing at a CAGR of 35%.

The major factor contributing to the growth of the market is the increasing focus to improve the patient's engagement and deliver patient-centric care. In addition, the increasing penetration of high-speed network technologies initiating blockchain as a service and reducing the risk of the counterfeited drugs factors contributing to the growth of the market. The factors hindering the market are technical challenges pertaining to scalability and lack of awareness in emerging countries. The rising government initiative, emerging investment, and partnership across the industry for integrating blockchain in the healthcare sector are anticipated to create lucrative opportunities.

Recent Developments

1. Cleveland Clinic, IBM, Aetna, and Anthem have partnered to form a blockchain health firm, called Avaneer Health. - 9th June 2021

2. Aetna, Anthem, Health Care Service Corporation (HCSC), PNC Bank, and IBM announced a new collaboration, to design and create a network using blockchain technology and to improve transparency and interoperability in the healthcare industry. The aim is to create an inclusive blockchain network that can benefit multiple members of the healthcare ecosystem in a highly secure and shared environment. - 24th January 2019

Competitive Quadrant

The report includes Competitive Quadrant, a proprietary tool to analyse and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

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Market Dynamics

Drivers

Restraints

Opportunities

Challenges

Companies Mentioned

For more information about this report visit https://www.researchandmarkets.com/r/x7xyc8

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Global Blockchain Technology in Healthcare Market (2021 to 2026) - Featuring Accenture, Capgemini and DeepMind Health Among Others -...