Middle East Blockchain Technology in Healthcare Market Analysis

Middle East Blockchain Technology in Healthcare Market Analysis

$ 3999

This report presents a strategic analysis of the Middle East Blockchain Technology in 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 Middle East Blockchain Technology in Healthcare Market, offering unmatched value, accuracy and expert insights.

ID: IN10MEDH004 CATEGORY: Digital Health GEOGRAPHY: Middle East

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Middle East Blockchain Technology in Healthcare Market Executive Summary

The Middle East is a geographical and cultural region located primarily in western Asia and parts of northern Africa and southeastern Europe. The term "Middle East" came into usage in the early twentieth century as a replacement for the phrase "Near East."

Middle East healthcare market is growing at 10 % which is twice as fast as the global healthcare market The healthcare market is dominated by Saudi Arabia, Iran, Israel, Egypt, and UAE together covering more than 85% of the middle east market. Countries in this region have a huge population of expats from all over the world due to rapidly rising economies tied to oil, tourism, and the financial industry. State-of-the-art new hospital complexes and hi-tech equipment, along with plenty of well-qualified staff, cater to the rising prospects of national citizens. Universal care is frequently available, however medical insurance is usually required.

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 Middle East Blockchain Technology in Healthcare Market is estimated to be valued at US$ 20.21 Bn in 2021 and is expected to exhibit a CAGR of 46.96% over the forecast period (2021-2030).

Middle East Blockchain Technology in Healthcare Market Size (In USD Bn) (2021-2030F)

Market Dynamics

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

Competitive Landscape

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. Report Description of the Middle East Blockchain Technology in Healthcare Market
1.1 Research Scope and Assumption
1.2 Objective of the study
1.3 Research Methodology
1.4 Reason to buy the report

2. Middle East Chronic Obstructive Pulmonary Disease (COPD) Clinical TrialsMarket Executive Summary
2.1 Middle East Chronic Obstructive Pulmonary Disease (COPD) Clinical TrialsMarket – Industry Snapshot & key buying criteria, 2021-2030
2.2 Market Size, Growth Prospects, and Key findings

3. Market Dynamics of Middle East Blockchain Technology in Healthcare Market
3.1 Market Growth Drivers Analysis
3.2 Market Restrains Analysis

4. Middle East Blockchain Technology in Healthcare Market Segmentation

4.1 By Network Type
4.1.1 Private
4.1.2 Public
4.1.3 Others

4.2 By Applications
4.2.1 Clinical Data Exchange & Interoperability
4.2.2 Claims Adjudication & Billing
4.2.3 Supply Chain Management
4.2.4 Clinical Trials & eConsent
4.2.5 Others

4.3 By End User
4.3.1 Providers
4.3.2 Payers
4.3.3 Biopharmaceutical & Medical Device Companies

5. Middle East Blockchain Technology in Healthcare Market Share
5.1 Market Analysis, Insights, and Forecast – By Revenue

6. Competitive Landscape
6.1 Major Top Market Players

7. Key Company Profiles

7.1 Company 1
7.1.1 Overview
7.1.2 Financial Performance
7.1.3 Product & Services
7.1.4 Strategic initiatives

7.2 Company 2
7.2.1 Overview
7.2.2 Financial Performance
7.2.3 Product & Services
7.2.4 Strategic initiatives

7.3 Company 3
7.3.1 Overview
7.3.2 Financial Performance
7.3.3 Product & Services
7.3.4 Strategic initiatives

7.4 Company 4
7.4.1 Overview
7.4.2 Financial Performance
7.4.3 Product & Services
7.4.4 Strategic initiatives

7.5 Company 5
7.5.1 Overview
7.5.2 Financial Performance
7.5.3 Product & Services
7.5.4 Strategic initiatives

8. Healthcare Policies and Regulatory Landscape
8.1 Healthcare Policies in Middle East
8.2 Regulatory Framework in Middle East
8.3 Pricing & Reimbursement Scenario in Middle East Blockchain Technology in Healthcare Market

9. Factors Driving Future Growth
9.1 New Trends and Development Middle East Blockchain Technology in Healthcare Market
9.2 Future Opportunities

10. Strategic Recommendations

Blockchain Technology in Healthcare Market Segmentation

The Blockchain Technology in Healthcare Market is segmented as mentioned below:

By Network (Revenue, USD Billion):

  • Private
  • Public
  • Others

By Applications (Revenue, USD Billion):

  • Clinical Data Exchange & Interoperability
  • Claims Adjudication & Billing
  • Supply Chain Management
  • Clinical Trials & eConsent
  • Others

By End-use (Revenue, USD Billion):

  • Providers
  • Payers
  • Biopharmaceutical & Medical Device Companies
  • Others

Insights10 will provide you with the reports within 10 key parameters which are:

  1. Market Overview
  2. Market Growth Drivers & Restraints
  3. Epidemiology of Disease Type
  4. Market Segmentation
  5. Market Share
  6. Competitive Landscape
  7. Key Company Profiles
  8. Healthcare Policies & Regulatory Framework
  9. Reimbursement Scenario
  10. Factors Driving Future Growth

Based on our many years of experience, we believe that these are the parameters that are critical to decision-making for business stakeholders. Our focused approach to developing reports focused on 10 key parameters, enabled us to arrive at the name “Insights10”.


Stage I: Market Data Collection

Primary Interviews: We have developed a network of experts, freelancers, and researchers across countries through which we engage with local experts to gather key data points and assumptions about each market. We also engage regularly with some of the best market research agencies such as Atheneum, GuidePoint, GLG, etc. to conduct surveys and interviews, and build intelligence. We have language translators as a part of our team, who between them can cover 30+ languages allowing us to extract better local insights.

Secondary Data Collection: We have developed strong expertise and experience in secondary data collection methods for developing unique data sets and research material. We gather data from multiple reliable sources to maintain a high level of accuracy and consistency. The market data is analyzed and forecasted using appropriate statistical and coherent models. The report offers an overall analysis of the market size, growth, and market share as well as a segment-level analysis of the specific market. Our report includes precise, to-the-point information related to the overall market, competition, growth drivers, challenges, regulatory updates, and competition.

Data Sources: We have access to multiple highly reliable free and subscription data sources. We have many years of experience to understand which sources are more dependable for what and which to prefer for the reliable and latest information. The key sources of information include the following, but are not limited to:



Stage II: Market Data Analysis and Statistical Model

Market Trends: We generally look at macro parameters and micro indicators. The macro parameters include changes in government policies, demand and supply of the market, government intervention programs, and major market share. The micro indicators are GDP growth, market size, market volume, etc. We also understand nuances specific to each country like the US, Canada, India, Germany, etc., and have worked across 60+ countries and hence not only understand global trends but how these differ by country, how payment models, market structure, cultural parameters, etc. differ in each country.

Market Sizing and Analysis: Our expert data analytics team has created various market forecast models by employing the top-down approach i.e. starting with the large overall market and segmenting different areas and the bottom-up approach i.e. starting with population and epidemiology and rolling up based on spend, etc., estimating the size of the market, and distributing among the geographic and/or product segments.

The top-down approach is mainly used for new product forecasting and the bottom-up approach is used for demand estimation of any product for different countries summed up to form the total market. We are able to round off insights and build stronger forecasts because we always do both these methods and triangulate the final numbers.

The study on the market covers the analysis of the leading geographies such as Asia-Pacific, Africa, Europe, Middle East, North America, and  Latin America for the period of 2022 to 2030. The qualitative analysis covers the industry landscape and trends, market opportunities, competitive landscape, and policy and regulatory scenario, and the quantitative analysis covers different market estimates and forecasts.

Data Triangulation & Validation:

Data triangulation of various sources and results of the research are carried out by benchmarking with reliable sources such as industry statistics, statistical databases, and company-level averages, etc.

We make sure to finalize the numbers in alignment with the market research. Firstly, our internal experts ensure thorough validation and checking to ensure accurate and precise analysis and then validation is also done using a multiple-data analysis model. Two-level validation is done and entails the finalization of the report scope and the way of representation pattern.



Stage III: Interpretation and Presentation

Analysis & Interpretation: The information gathered is then analyzed and synthesized. The second series of interviews are done if necessary to check and validate. The future opportunities are analyzed by understanding product commercialization and many other factors. It also comprises the analysis of data discrepancies observed across various data sources. Information procured from secondary and primary results is then, interpreted by considering the following parameters: (a partial list)

  • Establishing market drivers and trends
  • Analyzing the regulatory landscape to understand future growth
  • Market Segment based analysis to obtain revenue/volume
  • ​Analyzing current needs and determining penetration to estimate the market

Insights: Our reports deliver actionable insights backed with supporting facts and figures to assist you in achieving exemplary growth. Our in-depth analyses are interspersed with relevant insights and statistics to offer an executive-level view of a given market. The description helps in correlating many minor factors affecting the market and their impact on the different segments within the market.

Data curated from the analysis and interpretation are drawn to portray all in one consolidated report.

Presentation & Reporting: The market research report is presented in different forms such as charts by using a scientific approach for easy understanding. Historic, current, and future analysis is provided for each market in terms of both value and volume. The size of the market is interpreted in the US Dollar value and the respective unit, based on the product, for volume consumption.

The foreign exchange rates are calculated on the respective dates and for the respective regions covered in the study.

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We value your inquiry and offer free customization with every report to fulfil your exact research needs.

This report addresses

  • Intelligent insights to take informed business decisions
  • Qualitative, acute and result oriented market analysis
  • Market size and forecasts from 2022 to 2030
  • Opportunities for expansion and in-depth market analysis
  • Segmentation and regional revenue forecasts
  • Analysis of the market share and competitive landscape
  • Strategic Recommendations to chart future course of action
  • Comprehensive Market Research Report in PDF and PPT formats

Need more?

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Last updated on: 04 January 2023

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