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HomeNewsBlockchainAt 50.6% CAGR, Blockchain Technology In Healthcare Market to hit USD 513.1...

At 50.6% CAGR, Blockchain Technology In Healthcare Market to hit USD 513.1 Million to 2028, says Brandessence Market Research

According to Brandessence Market Research, the valuation of Blockchain Technology in Healthcare Market will grow to USD 513.1 Million to 2028, growing from USD 248.7 Million in 2021. The market is set to register robust growth with a promising CAGR of 50.6% during 2022-2028 period.

Increasing demand for easy-to-use and inexpensive data management tools is the key factor driving the growth of Global Blockchain Technology in the Healthcare Market. “Blockchain Technology In Healthcare Market Size, Share, And Trends Analysis Report By Type (Public, Private) By Application (Supply Chain Management, Clinical Data Exchange And Interoperability, Claims Adjudication And Billing Management, Other Applications) By End-User (Pharmaceutical Companies, Healthcare Payers, Healthcare Providers, Other End Users) Based On Region, And Segment Forecasts to 2022 – 2028”

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Scope of Global Blockchain Technology in Healthcare Market Report:

Blockchain technology is one of the most important and disruptive technologies in the world. There is an increase of blockchain technology in various industries to innovate the way they function. One of the industries that are looking to adopt the blockchain in the healthcare industry. A blockchain can be simply defined as a time-stamped series of an immutable records of data that is managed by a cluster of computers not owned by any single entity. Each of these blocks of data is secured and bound to each other using cryptographic principles. Blockchain technology has the potential to transform health care, placing the patient at the center of the health care ecosystem and increasing the security, privacy, and interoperability of health data. It can provide a new model for health information exchanges (HIE) by making electronic medical records more efficient, secure, and disintermediated.

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