The global smart contracts in healthcare market is expected to grow from USD 1.2 billion in 2018 to USD 3.5 billion by 2030, at a CAGR of 23.6% during the forecast period. The growth of this market can be attributed to the increasing adoption of blockchain technology for healthcare applications and the need for transparency and security in healthcare transactions.
Bitcoin Blockchain Platform: Bitcoin blockchain platform is a type of blockchain platform that uses bitcoin as its native currency, which is used for peer-to-peer transactions without any central authority or middlemen involved. This type of blockchain platform has been used by pharmaceutical companies and healthcare providers to track drug supply chains, manage patient records, and provide medical data access control among other applications such as managing clinical trials data securely with no risk of tampering or hacking due to its decentralized nature.
- The use of blockchain technology in healthcare has been increasing due to its ability to provide transparency and security for data storage, as well as its potential for reducing costs associated with medical records management and administration.
- Blockchain technology can be used to store patient data securely on a decentralized network that cannot be hacked or tampered with by any single entity, which will help reduce the risk of cyberattacks on hospitals and other medical facilities that are vulnerable because they rely on centralized systems for storing patient data.
- Blockchain technology can also be used to create smart contracts that will allow patients more control over their own health records by giving them access to their information without having to go through an intermediary like a doctor or hospital 5a Smart contracts can also be used in healthcare insurance claims processing, which would allow insurers more control over fraud prevention while simultaneously reducing administrative costs associated with processing claims 5b Smart contracts could also help reduce fraud in pharmaceuticals by allowing manufacturers and distributors greater visibility into supply chains.
Industry Growth Insights published a new data on “Smart Contracts in Healthcare Market”. The research report is titled “Smart Contracts in Healthcare Market research by Types (Bitcoin Blockchain Platform, Sidechains Blockchain Platform, NXT Blockchain Platform, Ethereum Blockchain Platform, Other, ), By Applications (Pharmaceutical Companies, Healthcare Provider, Healthcare Payer, Other, ), By Players/Companies IBM, Microsoft, SmartData Enterprises, Factom, SimplyVital Health, PokitDok, Hashed Health, Chronicled, iSolve, FarmaTrust, Blockpharma, Guardtime, CortexLabs, Kadena, ”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Smart Contracts in Healthcare Market Research Report
By Type
Bitcoin Blockchain Platform, Sidechains Blockchain Platform, NXT Blockchain Platform, Ethereum Blockchain Platform, Other,
By Application
Pharmaceutical Companies, Healthcare Provider, Healthcare Payer, Other,
By Companies
IBM, Microsoft, SmartData Enterprises, Factom, SimplyVital Health, PokitDok, Hashed Health, Chronicled, iSolve, FarmaTrust, Blockpharma, Guardtime, CortexLabs, Kadena,
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
246
Number of Tables & Figures
173
Customization Available
Yes, the report can be customized as per your need.
Global Smart Contracts in Healthcare Market Report Segments:
The global Smart Contracts in Healthcare market is segmented on the basis of:
Types
Bitcoin Blockchain Platform, Sidechains Blockchain Platform, NXT Blockchain Platform, Ethereum Blockchain Platform, Other,
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Pharmaceutical Companies, Healthcare Provider, Healthcare Payer, Other,
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- IBM
- Microsoft
- SmartData Enterprises
- Factom
- SimplyVital Health
- PokitDok
- Hashed Health
- Chronicled
- iSolve
- FarmaTrust
- Blockpharma
- Guardtime
- CortexLabs
- Kadena
Highlights of The Smart Contracts in Healthcare Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Bitcoin Blockchain Platform
- Sidechains Blockchain Platform
- NXT Blockchain Platform
- Ethereum Blockchain Platform
- Other
- By Application:
- Pharmaceutical Companies
- Healthcare Provider
- Healthcare Payer
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Smart Contracts in Healthcare Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Smart contracts are computer protocols that facilitate, verify, and enforce the negotiation and performance of a contract. In healthcare, smart contracts could be used to automate the contracting process between providers and patients. They could also be used to manage payments between parties involved in a healthcare transaction.
Some of the major companies in the smart contracts in healthcare market are IBM, Microsoft, SmartData Enterprises, Factom, SimplyVital Health, PokitDok, Hashed Health, Chronicled, iSolve, FarmaTrust, Blockpharma, Guardtime, CortexLabs, Kadena.
The smart contracts in healthcare market is expected to grow at a compound annual growth rate of 23.6%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Smart Contracts in Healthcare Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Smart Contracts in Healthcare Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Smart Contracts in Healthcare Market - Supply Chain
4.5. Global Smart Contracts in Healthcare Market Forecast
4.5.1. Smart Contracts in Healthcare Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Smart Contracts in Healthcare Market Size (000 Units) and Y-o-Y Growth
4.5.3. Smart Contracts in Healthcare Market Absolute $ Opportunity
5. Global Smart Contracts in Healthcare Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Smart Contracts in Healthcare Market Size and Volume Forecast by Type
5.3.1. Bitcoin Blockchain Platform
5.3.2. Sidechains Blockchain Platform
5.3.3. NXT Blockchain Platform
5.3.4. Ethereum Blockchain Platform
5.3.5. Other
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Smart Contracts in Healthcare Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Smart Contracts in Healthcare Market Size and Volume Forecast by Application
6.3.1. Pharmaceutical Companies
6.3.2. Healthcare Provider
6.3.3. Healthcare Payer
6.3.4. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Smart Contracts in Healthcare Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Smart Contracts in Healthcare Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Smart Contracts in Healthcare Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Smart Contracts in Healthcare Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Smart Contracts in Healthcare Demand Share Forecast, 2019-2026
9. North America Smart Contracts in Healthcare Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Smart Contracts in Healthcare Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Smart Contracts in Healthcare Market Size and Volume Forecast by Application
9.4.1. Pharmaceutical Companies
9.4.2. Healthcare Provider
9.4.3. Healthcare Payer
9.4.4. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Smart Contracts in Healthcare Market Size and Volume Forecast by Type
9.7.1. Bitcoin Blockchain Platform
9.7.2. Sidechains Blockchain Platform
9.7.3. NXT Blockchain Platform
9.7.4. Ethereum Blockchain Platform
9.7.5. Other
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Smart Contracts in Healthcare Demand Share Forecast, 2019-2026
10. Latin America Smart Contracts in Healthcare Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Smart Contracts in Healthcare Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Smart Contracts in Healthcare Market Size and Volume Forecast by Application
10.4.1. Pharmaceutical Companies
10.4.2. Healthcare Provider
10.4.3. Healthcare Payer
10.4.4. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Smart Contracts in Healthcare Market Size and Volume Forecast by Type
10.7.1. Bitcoin Blockchain Platform
10.7.2. Sidechains Blockchain Platform
10.7.3. NXT Blockchain Platform
10.7.4. Ethereum Blockchain Platform
10.7.5. Other
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Smart Contracts in Healthcare Demand Share Forecast, 2019-2026
11. Europe Smart Contracts in Healthcare Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Smart Contracts in Healthcare Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Smart Contracts in Healthcare Market Size and Volume Forecast by Application
11.4.1. Pharmaceutical Companies
11.4.2. Healthcare Provider
11.4.3. Healthcare Payer
11.4.4. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Smart Contracts in Healthcare Market Size and Volume Forecast by Type
11.7.1. Bitcoin Blockchain Platform
11.7.2. Sidechains Blockchain Platform
11.7.3. NXT Blockchain Platform
11.7.4. Ethereum Blockchain Platform
11.7.5. Other
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Smart Contracts in Healthcare Demand Share, 2019-2026
12. Asia Pacific Smart Contracts in Healthcare Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Smart Contracts in Healthcare Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Smart Contracts in Healthcare Market Size and Volume Forecast by Application
12.4.1. Pharmaceutical Companies
12.4.2. Healthcare Provider
12.4.3. Healthcare Payer
12.4.4. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Smart Contracts in Healthcare Market Size and Volume Forecast by Type
12.7.1. Bitcoin Blockchain Platform
12.7.2. Sidechains Blockchain Platform
12.7.3. NXT Blockchain Platform
12.7.4. Ethereum Blockchain Platform
12.7.5. Other
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Smart Contracts in Healthcare Demand Share, 2019-2026
13. Middle East & Africa Smart Contracts in Healthcare Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Smart Contracts in Healthcare Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Smart Contracts in Healthcare Market Size and Volume Forecast by Application
13.4.1. Pharmaceutical Companies
13.4.2. Healthcare Provider
13.4.3. Healthcare Payer
13.4.4. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Smart Contracts in Healthcare Market Size and Volume Forecast by Type
13.7.1. Bitcoin Blockchain Platform
13.7.2. Sidechains Blockchain Platform
13.7.3. NXT Blockchain Platform
13.7.4. Ethereum Blockchain Platform
13.7.5. Other
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Smart Contracts in Healthcare Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Smart Contracts in Healthcare Market: Market Share Analysis
14.2. Smart Contracts in Healthcare Distributors and Customers
14.3. Smart Contracts in Healthcare Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. IBM
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Microsoft
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. SmartData Enterprises
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Factom
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. SimplyVital Health
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. PokitDok
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Hashed Health
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Chronicled
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. iSolve
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. FarmaTrust
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Blockpharma
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Guardtime
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. CortexLabs
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Kadena
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15.
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
