This report presents a strategic analysis of the APAC Blockchain Technology in the Healthcare Market and a forecast for its development in the medium and long term. It provides a broad overview of the market dynamics, trends and insights, growth drivers and restraints, segmentation, competitive landscape, healthcare policies and regulatory framework, reimbursement scenario, challenges, and future outlook. This is one of the most comprehensive reports about the APAC Blockchain Technology in the Healthcare Market, offering unmatched value, accuracy, and expert insights.
The Asia-Pacific region, which includes more than 40 nations and is home to more than half of the world population which is 53% of the world's population lives in the Asia Pacific Region, which takes up 21% of the planet's land area, has a variety of distinct health systems. As a result, the residents of the Asia-Pacific area have a wide range of health statuses as a result of the region's different healthcare frameworks.
Some nations in the region are well-known for their excellent public health systems. When it comes to healthcare, Japan, Australia, and New Zealand all rank among the top Asia-Pacific nations, with health spending accounting for sizable portions of each nation's GDP. The strong economic rise in the APAC region comes with benefits and challenges for the healthcare industry. Despite the increased number of hospitals, people in rural and urban areas continue to face access and affordability challenges. Because people are living longer, there is an increased need for better healthcare, which leads to better health outcomes
Digital healthcare is developing globally as a result of IT technology development and the emergence of remote patient monitoring (RPM) solutions. RPM has developed into a useful tool for enhancing clinical assessment and decision-making while lowering the likelihood of hospitalization. With the prevalence of cancer, diabetes and cardiovascular diseases rising, RPM service use is also anticipated to rise. Additionally, as the aging population grows, more of them are choosing independent, healthy lifestyles, which will probably increase the adoption of RPM solutions.
The healthcare system stores and shares patient data between hospitals, diagnostic labs, pharmacy businesses, and clinicians using a blockchain network. Thanks to blockchain technology, which enhances the security, privacy, and interoperability of health data, the patient is at the center of the healthcare ecosystem. This technology presents a new model for health information exchanges by enhancing the performance, disintermediation, and security of electronic medical records (HIE).
Market Size and Key Findings
The APAC Blockchain Technology in Healthcare Market is estimated to be valued at US$ 40.92 Bn in 2021 and is expected to exhibit a CAGR of 41.3% over the forecast period (2021-2030).
Market Growth Drivers Analysis
It is anticipated that increasing disease prevalence would generate a vast amount of data, driving up demand for data management. Furthermore, applying blockchain technology to medical records will guarantee that the data is accurate and cannot be changed. The market is growing even more as a result of increased investment in this technology by key industry participants. For instance, IBM introduced a low-cost platform to create any blockchain applications in March 2018 that was designed specifically for startups. Such activities are likely to boost technological advancements and the adoption of new healthcare organisations, promoting market expansion
Leading healthcare organisations have teamed up to form the Synaptic Health Alliance, which is dedicated to increasing provider-to-provider data exchange. Established healthcare organisations like Humana, Quest Diagnostics, and Optum are part of the alliance. In several fields of healthcare, according to Synaptic, blockchain technology has the potential to improve efficiency and reduce costs
Key Players
The prominent players operating in this market include IBM, PATIENTORY INC., Guardtime, iSolve, LLC, Solve.Care, Oracle, Change Healthcare, BurstIQ, Medicalchain SA, Blockpharma, etc.
1. Executive Summary
1.1 Digital Health Overview
1.2 Global Scenario
1.3 Country Overview
1.4 Healthcare Scenario in Country
1.5 Digital Health Policy in Country
1.6 Recent Developments in the Country
2. Market Size and Forecasting
2.1 Market Size (With Excel and Methodology)
2.2 Market Segmentation (Check all Segments in Segmentation Section)
3. Market Dynamics
3.1 Market Drivers
3.2 Market Restraints
4. Competitive Landscape
4.1 Major Market Share
4.2 Key Company Profile (Check all Companies in the Summary Section)
4.2.1 Company
4.2.1.1 Overview
4.2.1.2 Product Applications and Services
4.2.1.3 Recent Developments
4.2.1.4 Partnerships Ecosystem
4.2.1.5 Financials (Based on Availability)
5. Reimbursement Scenario
5.1 Reimbursement Regulation
5.2 Reimbursement Process for Diagnosis
5.3 Reimbursement Process for Treatment
6. Methodology and Scope
Blockchain Technology in Healthcare Market Segmentation
The Blockchain Technology in Healthcare Market is segmented as mentioned below:
By Network (Revenue, USD Billion):
By Applications (Revenue, USD Billion):
By End-use (Revenue, USD Billion):
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