Top 8 Companies in Blockchain Healthcare Market
Blockchain in Healthcare Market Projected to Reach USD 1,189.8 Million by 2028
The Global Blockchain in Healthcare market is expected to be valued at USD 287.9 million in 2021 and to attain a value of USD 1,189.8 million by 2028 at a CAGR of 61.3% during the forecast period, 2022-2028. The growth of the market can be attributed to the increasing incidence of data leaks and breaches as well as the increasing need to address these concerns.
Implementation of the technology is being driven by strategic actions by key players, a high demand for preventing drug counterfeiting, and the need for effective health data management systems. Furthermore, increased investments in the development of efficient healthcare record systems, wearable device cryptography, and medical examination systems are expected to provide profitable prospects for blockchain in the healthcare industry in the near future. The increasing prevalence of diseases is predicted to generate large amounts of data, increasing the need for data management.
The COVID-19 pandemic emerged as an unprecedented public health threat, infecting a large number of people across the world. The pandemic caused economic and financial damage to the world economy and many industrial sectors. Many countries declared national emergencies and imposed lockdowns to prevent SARS-CoV-2 from spreading and infecting people.
In the United States, clinical research and surveys have shown that there has been a decrease in outpatient and emergency medical care. Many medical practices, especially alternative medicine, were disrupted, distracted, stalled and stalled, affecting the growth of the industry. On the other hand, the coronavirus outbreak has accelerated the adoption of emerging technologies in healthcare, including blockchain technology.
Established in 1911, and based at Armonk, New York, the U.S.; IBM corporation functions through 5 vital segments including cognitive solutions, generation services & cloud structures, worldwide enterprise services, structures, and international financing. The organization manufactures and offers hardware and software program solutions and provides numerous web hosting and consulting services from mainframe processors to nanotechnology domain names. The business enterprise has a diverse and giant portfolio of product and service portfolio comprising artificial intelligence, IoT, cloud computing, safety technology, and more.
The organization affords offerings to commercial enterprise organizations of all sizes and leaders across various industries including financial offerings establishments, manufacturing, and retail, amongst others.
Established in 1975, and based at Redmond, Washington, U.S.; Microsoft is exceptional known for software program merchandise which includes internet Explorer, Microsoft windows OS, Microsoft office Suite, and side web browsers. Similarly, the company focuses on Cloud Computing, Quantum Computing, commercial enterprise software, IT professional, Developer tools, instructional software, search, advertising, home windows running system, windows packages & systems, Smartphones, productiveness solutions, synthetic Intelligence answers, machine gaining knowledge of answers, and digital fact solutions. With its subsidiaries and sturdy distribution community, the enterprise has its presence across the North America, Europe, Asia Pacific, Latin America, and center East & Africa. A number of the key subsidiaries of the organization include double excellent Productions, GitHub, Semantic Machines, Mojang, Skype, LinkedIn Company and others.
Established in 2015 and based in Greater Atlanta Area, East Coast, Southern US. Patientry is a HIPAA-compliant, patient-centered enterprise solution designed to eliminate many of the pain points in the current centralized healthcare environment and allow health IT infrastructure to cope with changing trends in healthcare management. Unlike manual solutions such as paper medical records and silent health information, patient care is electronic and easily accessible on a mobile device.
Patientory provides a mobile, blockchain-powered, decentralized application designed to facilitate patients and its users with convenient and secure access to their health information.
Established in 2014 based in Alexandria, VA 22314 United States. Guardtime Federal provides an immutable digital integrity service that is focused on data privacy and cross-boundary verification at high volume, making it an optimal solution for the U.S. Aerospace, Defense, and Intelligence communities.
This firm supports the cyber security-related needs of the intelligence community and industries supporting these government organizations, along with the Department of Defense and other US government departments.
Established in 2016 and headquarters Nashville, Tennessee, United States. Hashed Health is a venture studio working with enterprises to solve shared problems in the health care and life sciences (including health care, insurtech, fintech and supply chain technology). The company's deliberate, iterative, vision-driven process serves to prove technical feasibility, business value, and customer value before launch. Hashed Health uses blockchain and blockchain-inspired technologies to solve trust, transparency, incentive-alignment, and clinical data integration challenges.
Hashed Health is a healthcare blockchain innovation firm creating an ecosystem of businesses that leverage blockchain and DLT. This company is made up of three units that have unfolded over time: Hashed Collective, Hashed Enterprise, Hashed Labs.
Established in 2014 based in San Francisco, California, United States. Chronicled is the custodian of the MediLedger Network, an industry-led, blockchain-powered network within the life sciences industry. This corporation enables automation, trust, and automatic settlement for transactions between companies in the Life Sciences industry. MediLedger currently facilitates solutions in the supply chain and revenue management functions within the life science industry.
Established in 2014 based in Austin, Texas, United States. Factom specializes in building scalable blockchain technology to handle complex enterprise data and volume with speed and a predictable cost model. With clients such as the U.S. Department of Homeland Security and the Bill and Melinda Gates Foundation Systems Planning and Analysis Inc. (SPA) tie-up with Factom Inc. to explore the application of blockchain technologies to Department of Defense (DOD) and federal customers.
Established in 2016 and based in Paris, Ile-de-France, France BlockPharma leverages blockchain technology and cryptographic techniques to counter fakes in the pharmaceutical supply chain. This corporation is developing a blockchain-based drug traceability and anti-counterfeiting solution. The Blockpharma solution was developed by Crystalchain. Crystalchain is a company specializing in blockchain traceability.
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