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.
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).
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
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
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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
4.2 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
4.3 By End User
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
7.1.2 Financial Performance
7.1.3 Product & Services
7.1.4 Strategic initiatives
7.2 Company 2
7.2.2 Financial Performance
7.2.3 Product & Services
7.2.4 Strategic initiatives
7.3 Company 3
7.3.2 Financial Performance
7.3.3 Product & Services
7.3.4 Strategic initiatives
7.4 Company 4
7.4.2 Financial Performance
7.4.3 Product & Services
7.4.4 Strategic initiatives
7.5 Company 5
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):
By Applications (Revenue, USD Billion):
By End-use (Revenue, USD Billion):
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