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North America Healthcare Blockchain Market Report 2022-2027 Featuring Emerging Players - Welwaze Medical, Noom, Embleema, AmArmchai, HealthChain, uFirst, Medical Veda, TEEB Health, WelbeCare, YanaDUBLIN, Jan. 21, 2023 /PRNewswire/ -- The "North America Healthcare Blockchain Market Size, Segments, Outlook, and Revenue Forecast 2022-2027 by Application, Deployment, Provider, End User and Major Countries" report has been added to ResearchAndMarkets.com's offering.
Security and privacy breaches in the medical industry in 2017 accelerated the demand for the adoption of blockchain in the healthcare sector to reduce risks against cyberattacks and fraud. The ongoing Covid-19 pandemic has benefited the Healthcare Blockchain market resulting in the growth of the overall market by exacerbating the trend toward the adoption of blockchain technology in the healthcare sector. Blockchain in the healthcare sector is not only used for the exchange of the data of patients with hospitals, pharmacy firms, laboratories, and physicians but also helps in improving data security & accuracy, cost reduction, increasing transparency, and tracing of products. Key Trends by Market Segment By Application: The United States accounts for the largest share within the total North America Healthcare Blockchain market, accounting for more than three quarters of total market revenue. The US is expected to remain the largest geographic segment within total North America in the Healthcare Blockchain Market contributing over a larger area of the market revenues because it has the highest spending in healthcare. Canada is expected to remain the second largest segment in the North America Healthcare Blockchain Market which is driven by digital transformation due to shifts in consumer demand, the need to stay ahead of the competition, and the need to solve healthcare issues with the help of blockchain. Mexico is expected to be the fastest growing market in the North America Healthcare Blockchain Market which is driven by an increase in cloud adoption in organizations to reduce their cost with the help of blockchain technologies. Competitive Landscape The Healthcare Blockchain market is highly competitive with ~200 players which include globally diversified players, regional players as well as a large number of country-niche players in Blockchain Solutions in the Healthcare Sector. Most of the country-niche players are start-ups in Blockchain Solutions in the Healthcare Sector. The large global players comprise about 10% in terms of the number of companies and hold ~50% of the market revenue share followed by regional players. Most of the country-niche players are start-ups. Some of these who successfully evolve to create application-specific solutions often get acquired by large global players seeking to grow and diversify quickly. The Leading Specialist players such as Patientory, Chronicled, Hashed Health, Solve.care, and PokitDok is highly focused on providing a significant number of Blockchain solutions and advanced techniques that can be used across Healthcare Industries. Recent Developments Related to Major Players In 2022, Microsoft acquired Nuance Communications, Inc., a leader in conversational AI and ambient intelligence across various industries including healthcare, financial services, retail, and telecommunications. With this acquisition, the company has started providing ambient clinical intelligence capabilities for healthcare organizations that improve the patient experience. In 2022, Oracle acquired Cerner, a leading digital information system provider used within hospitals and health systems. With this acquisition, Oracle is planning to have the capacity to transform healthcare delivery by providing medical professionals with better information enabling better treatment decisions. On March 2022, Intel Corporation announced an agreement to acquire Granulate Cloud Solutions Ltd, an Israel-based developer of real-time continuous optimization software. The acquisition of Granulate will help cloud and data center customers maximize compute workload performance and reduce infrastructure and cloud costs. On May 2022, VSP Global, a group of companies that combine eye care insurance, eyewear, lens, and lens enhancements, and connected experiences to strengthen the relationship between patients and their eye doctors, partners with Pokitdok to explore blockchain solutions for healthcare. Key Topics Covered in the Report
Major Companies Profiled in the Report
Notable Emerging Companies Mentioned in the Report
Scope of the Report Time Period Captured in the Report
By Application
By Deployment
By Provider
By End User Industry
By Geography
For more information about this report visit https://www.researchandmarkets.com/r/6b6jkj About ResearchAndMarkets.com
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