Blockchain Technology in Healthcare Market Research Report By 2023 | Global Industry Size, Analysis, Technology Trends, 2019 Top Company Profiles, New Innovations

May 15, 2019

Global Blockchain Technology in Healthcare Market: Information by Application (Patient Data Management, Drug Traceability, and others), Type (Permissioned Blockchains, and others), End-User(Pharmaceutical companies and Others) — Forecast till 2023

Pune, India - May 15, 2019 /MarketersMedia/ —

Overview:

Market research Future (MRFR) in a detailed analysis of the global blockchain technology in healthcare market claims that the possibility of attaining an astonishing 71.8% CAGR is quite ripe during the forecast period (2018-2023). Blockchain is a digital ledger that keeps track of transactions and disrupts the centralized system of the workflow to ease up processes. At the same time, the technology is quite transparent and secured, and can throw off hackers maintaining the data privacy policy of the healthcare sector.

The global blockchain technology in the healthcare market is expected to benefit from the growing implementation of the technology for its cost-effective methods. Technologies are evolving, and investors are now looking for methods that offer transparency. The healthcare sector is investing substantially in the market to improve patient care service due to which the blockchain technology in healthcare market could expect a rise in the intake. However, the blockchain technology in healthcare market could also find challenges in lack of awareness regarding the product. But as technology is proliferating rapidly, such a constraint could be easily avoided.

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Segmental Overview:

The global blockchain technology in healthcare market, as reported by MRFR, is segmented by application, type, and end-user. This segmentation gives a closer look view of the market to better the stand of predictions in coming years.

Based on the application, the blockchain technology in healthcare market is segmented into, clinical trials & data security, billing, supply chain management, drug traceability, patient data management, claims adjudication, and others. The patient data management segment to get substantial traction owing to its ability to provide a simplified workflow.

By type, the blockchain technology in healthcare market comprises permissioned blockchains and permission-less blockchains.

By end-users, the blockchain technology in healthcare market includes healthcare consumers, pharmaceutical companies, healthcare service providers, and others. The healthcare service providers segment is expected to gain much prominence during the forecast period.

Regional Analysis:

Region-specific analysis of the blockchain technology in healthcare market, conducted by MRFR, includes the Americas, Europe, Asia Pacific (APAC), and the Middle East & Africa (MEA).

Well-structured digital sector and robust healthcare sector provide the foundation to the regional blockchain technology in healthcare market. They work in tandem to offer the best possible service in the region. At the same time, insurance coverage in the region is pretty high, and the insurance companies are integrating the system more to keep track of the real-time record of insurance holders.

Europe commands the second position in the blockchain technology in healthcare market. The market is getting driven by an increasing number of clinical trials with a rise in research and development expenditure in the pharmaceutical industry. Awareness regarding technology is also on the rise, along with healthcare expenditure.

The APAC market is expected to clock the fastest growth during the forecast period. It is getting directly impacted by the growing number of the generic pharmaceutical industry in the region. The infusion of investment is also boosting the regional market. In India and China, several international companies are spending a high amount on promoting the pharmaceutical industries.

The MEA market is anticipated to contribute far less than the rest owing to its poor infrastructure and lack of knowledge of the market.

Competitive Landscape:

The global Blockchain Technology in Healthcare Market is getting influenced by several companies making impacting moves. These companies are Microsoft, IBM, Pokitdok, Guardtime, Gem, Patientory, Chronicled, Hashed Health, Factom, Isolve, Medicalchain, Blockpharma, Simplyvital Health, Farmatrust, and others. MRFR’s report on the market contains substantial details about recent progress made by these companies to provide an understanding of the market flow.

In April 2019, InstaMed launched their prototype of blockchain technology. InstaMed made a name for itself as payment gateway, and the app they have launched could be used in bringing together providers, payers, and consumers for patient billing, claim submission, claim payment, claim adjudication, and patient payment.

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About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

Contact Info:
Name: Akash Anand
Email: Send Email
Organization: Market Research Future
Address: Market Research Future Office No. 528, Amanora Chambers Magarpatta Road, Hadapsar, Pune - 411028 Maharashtra, India
Phone: 6468459312
Website: https://www.marketresearchfuture.com/upcoming-reports/blockchain-technology-healthcare-market-6475

Source URL: https://marketersmedia.com/blockchain-technology-in-healthcare-market-research-report-by-2023-global-industry-size-analysis-technology-trends-2019-top-company-profiles-new-innovations/512866

Source: MarketersMedia

Release ID: 512866

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Sep 17, 2026

Korean Air finalizes $44.8 bil. purchase plan announced last year

Korean Air has finalized contracts to purchase 103 next-generation Boeing aircraft and aircraft engines and maintenance services from U.S. companies in deals worth a combined $44.8 billion, completing a major U.S. procurement plan announced last year. The airline said Wednesday that it signed final agreements covering $36.2 billion worth of Boeing aircraft and $8.6 billion in spare engines and engine maintenance services from GE Aerospace and CFM International. The deals finalize the $44.8 billion U.S. purchase plan announced by Hanjin Group Chairman Cho Won-tae in Washington in August 2025, during President Lee Jae Myung's visit to the United States. Korean Air said the signing ceremony was held Tuesday at the Conrad Seoul hotel in Yeouido and jointly hosted with Boeing. Senior executives attending the event included Cho, Boeing Commercial Airplanes President and CEO Stephanie Pope and CFM International President and CEO Gaël Méheust. Government and financial officials from Korea and the United States also attended, including Korean Minister of Trade, Industry and Resources Kim Jung-k

Seoul's streetwear titan Musinsa expands physical footprint to Shenzhen

Sep 17, 2026

Seoul's streetwear titan Musinsa expands physical footprint to Shenzhen

Musinsa, the Korean e-commerce titan that built an empire out of Seoul’s trendsetting streetwear scene, is doubling down on physical retail in China. The company will open locations on Oct. 31 for both its flagship multibrand boutique and its private-label basic line, Musinsa Standard, side by side in Shenzhen — marking its expansion beyond eastern China into the country's southern fashion hub. The Korean fashion platform said Thursday that both stores will open at ONE AVENUE, a major mixed-use shopping complex in Shenzhen’s Futian central business district. The move marks Musinsa’s first offline expansion into southern China after establishing retail operations centered on Shanghai and Hangzhou. The company said Shenzhen, a major economic and industrial center in southern China, has a large population of young consumers with strong purchasing power. Musinsa Store will initially carry about 30 Korean fashion brands, with plans to add more based on customer response and demand. The store is intended to serve as an offline base for introducing Korean fashion labels to Chinese consume

Noul brings AI cervical cancer screening technology to Indonesia

Sep 17, 2026

Noul brings AI cervical cancer screening technology to Indonesia

Noul, a Korean medtech firm specializing in artificial intelligence (AI)-driven diagnostic tools, has entered the Indonesian market through its first supply agreement for an automated cervical cancer screening system as the Southeast Asian nation works to scale up preventive care. The company said Thursday it signed the agreement with an Indonesian medical device distributor and plans to supply at least 50 miLab CER units to local medical institutions and laboratory networks over three years. Noul said it will initially work with hospitals, screening centers and laboratory networks before seeking opportunities in Indonesia’s public procurement market. The company said it has secured regulatory approvals for miLab CER in several Southeast Asian markets, including Vietnam and the Philippines, providing a foundation for further expansion across the region. Indonesia, with about 280 million people, is Southeast Asia’s largest health care market, according to Noul, which said cervical cancer places a significant burden on women in the country. Noul said Indonesia plans to include cervical

Sales of Galaxy Z Fold 8 increase following unveiling of Apple's 1st foldable smartphone

Sep 17, 2026

Sales of Galaxy Z Fold 8 increase following unveiling of Apple's 1st foldable smartphone

Domestic sales of Samsung Electronics' new Galaxy Z foldable smartphone have increased following the unveiling of Apple's first foldable smartphone, the iPhone Duo, industry sources said Thursday. Sales of the Galaxy Z Fold 8 in Korea rose about 10 percent in the week following the unveiling of the iPhone Duo from the previous week, according to the telecommunications industry. The increase is believed to have been driven in part by consumers who had delayed their purchases while waiting for Apple's new product and subsequently opted for the Galaxy Z Fold 8 instead. The iPhone Duo's price and hardware specifications are also considered factors in Korean consumers' purchasing decisions, they said. The iPhone Duo is priced at 3.29 million won ($2,380) for the 256-gigabyte model in Korea, more than 1 million won above the 2.28 million won price of the 256GB Galaxy Z Fold 8. The 2-terabyte iPhone Duo model is priced at 5.09 million won. The price gap in Korea is relatively wide compared with the United States, where the 256GB models of the two smartphones differ by about $100 in price.

Condoleezza Rice, Lee Kyung-chul receive inaugural Lee Hong-koo Diplomacy Award

Sep 17, 2026

Condoleezza Rice, Lee Kyung-chul receive inaugural Lee Hong-koo Diplomacy Award

Former U.S. Secretary of State Condoleezza Rice and Lee Kyung-chul, special representative for Middle East peace at the Ministry of Foreign Affairs, have been named the inaugural recipients of the Lee Hong-koo Diplomacy Award. The Seoul Forum for International Affairs (SFIA), a private diplomatic think tank, announced it has rebranded its Youngsan Diplomat Award, which recognizes individuals who have made outstanding contributions to Korean diplomacy, in honor of former Prime Minister Lee Hong-koo. Lee Hong-koo, who died in May at the age of 91, served as the founding chairman of SFIA. The awards were presented Wednesday at FKI Tower in Seoul’s Yeongdeungpo District during an event marking SFIA’s 40th anniversary. About 100 guests from Korea and abroad attended, including former U.N. Secretary-General Ban Ki-moon. Rice served as national security advisor under former U.S. President George W. Bush before becoming U.S. secretary of state from 2005 to 2009. She is now director of the Hoover Institution at Stanford University. Lee was appointed Korea's special representative for Middle Ea

Korean, US troops conduct annual explosive ordnance disposal drills

Sep 17, 2026

Korean, US troops conduct annual explosive ordnance disposal drills

Korean and U.S. troops have conducted joint explosive ordnance disposal (EOD) drills designed to improve interoperability and strengthen cooperation among relevant agencies, the Joint Chiefs of Staff (JCS) said Thursday. The EOD drills took place at the Army's I Corps and 9th Infantry Division in Goyang, just north of Seoul, from Wednesday to Thursday, according to the JCS. Some 200 personnel, including officials from each branch of the military, the U.S. 2nd Infantry Division and the Korea Airports Corp., participated in the drills. During the drills, EOD teams trained under simulated scenarios involving explosives planted in an urban area, with Korean and U.S. troops conducting joint operations to achieve a shared objective. The troops also took part in a seminar to share information on explosives and discuss ways to improve the EOD teams' operational capabilities in peacetime and wartime. Officials said the drills were not related to recent security developments, including the reportedly ongoing review on the possible deployment of Korean troops to the Strait of Hormuz, noting they hav

Lee faces no-win dilemma as justice minister nominee row threatens prosecution reform

Sep 17, 2026

Lee faces no-win dilemma as justice minister nominee row threatens prosecution reform

President Lee Jae Myung is facing a high-stakes dilemma over his justice minister nominee: push forward with Kim Seung-won's appointment at the cost of further eroding his approval ratings or withdraw the nomination and lose momentum on his flagship prosecution reform agenda. Political insiders suggest Lee will press ahead regardless. Analysts say he is likely to frame the standoff as a defining battle for prosecutorial reform — a direct confrontation with what his camp describes as political prosecutors resistant to change. “The (ruling) Democratic Party of Korea (DPK) appears poised to push forward with the appointment, while opposition parties are expected to gauge public sentiment following President Lee’s press conference scheduled on Friday before deciding whether to launch full-fledged street protests,” Seo Yang-ho, a political commentator and former mayor of Seoul’s Jung District, was quoted saying on a TV news program. “At its core, Kim Seung-won's nomination is not simply a Cabinet appointment; it represents a fundamental clash between forces driving President Lee

Assembly passes confirmation motion for Supreme Court justice nominee

Sep 17, 2026

Assembly passes confirmation motion for Supreme Court justice nominee

The National Assembly on Thursday passed the confirmation motion for Supreme Court Justice nominee Kim Sung-soo. During a plenary session, the Assembly endorsed the confirmation motion for Kim in a 227-28 vote, with 13 abstentions. Supreme Court Chief Justice Cho Hee-dae last month recommended Kim to President Lee Jae Myung for appointment as the successor to former Supreme Court Justice Lee Heung-ku. Kim's parliamentary confirmation hearing took place Monday and rival parties adopted his confirmation hearing report Wednesday. Kim will become the first Supreme Court justice to take office since the launch of the Lee administration if the president approves his appointment.

Korea plans abortion pill rollout as doctors, women's groups clash over access

Sep 17, 2026

Korea plans abortion pill rollout as doctors, women's groups clash over access

As Korea prepares to introduce abortion pills, women’s rights groups and doctors are welcoming the move but remain divided over how broadly the drugs should be made available. Women's rights advocates are calling for wider eligibility and eased prescription rules, while doctors are urging tighter medical oversight, reflecting a broader debate over how to balance reproductive autonomy with patient safety. The government on Wednesday announced a plan to allow the use of abortion pills for pregnancies of nine weeks or less, as early as the first quarter of next year. The move follows a prolonged legislative vacuum since the Constitutional Court ruled in 2019 that the criminalization of abortion was unconstitutional. Lawmakers have remained gridlocked over the deeply divisive issue, leaving follow-up legislation on matters such as permissible gestational limits stalled for years. Amid that vacuum, abortion pills have circulated illicitly, fueling calls for their formal introduction. President Lee Jae Myung instructed officials to discuss allowing Mifegyne during a Cabinet meeting in July. M

POSCO Group accelerates resource strategy as global competition shifts

Sep 17, 2026

POSCO Group accelerates resource strategy as global competition shifts

POSCO Group Chairman Chang In-hwa is bringing together the group’s senior executives to map out the next phase of its three-pronged growth strategy, as geopolitical shifts and technological change reshape global competition for resources. The group’s annual POSCO Forum began Thursday and will run for two days in Incheon. The event brings together senior executives to discuss future growth and innovation while hearing from outside experts. This year’s forum will focus on turning the strategy announced in July into concrete action plans. Chang's three-part strategy centers on areas of industrial resources such as steel; strategic resources including lithium, cathode and anode materials and rare earths; and energy resources such as liquefied natural gas and renewable energy. “The ability to execute quickly is the key to survival at a time of major change, as geopolitics and technological paradigms are shifting,” Chang said. “To successfully implement the strategy and expand our businesses around resources, we need to anticipate the direction of change and find clear answers on w

JB Financial partners with Upstage to develop AI solutions for finance

Sep 17, 2026

JB Financial partners with Upstage to develop AI solutions for finance

JB Financial Group has teamed up with Upstage, a leading artificial intelligence (AI) company, to develop AI-based tools for practical use across the financial sector as part of its broader effort to accelerate company-wide AI transformation, the group said Thursday. JB Financial Chairman Kim Ki-hong and Upstage CEO Kim Sung-hoon signed a memorandum of understanding on Monday, laying the groundwork for cooperation in financial AI technology and new business opportunities. JB Financial identified AI transformation as one of its key priorities at its executive strategy meeting in August. The partnership will bring together the financial group and its major subsidiaries, including Jeonbuk Bank, Kwangju Bank and JB Woori Capital, to create a group-wide AI collaboration network. Using Upstage’s proprietary large language model (LLM) technology, the companies will work on developing AI agents customized for banking and other financial services. The two sides also agreed to pursue a range of joint projects, including developing and testing new AI applications for finance, exchanging employees

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