The Smart Contracts Market in healthcare market is anticipated to grow by US$208.1 Million by 2027 rapidly growing at a CAGR of 48.2% during the forecast period. The global smart contracts in healthcare market is driven by development and launch of new solutions as well as new partnerships, agreements, collaborations. These factors have helped shape the smart contracts in healthcare market and are expected to boost the growth.
Companies in the smart contracts in healthcare market could also face challenges such as lack of integration capabilities and lack of skilled professionals. The details covered in the smart contracts in healthcare market report cover all the aspects of the industry. Analysts studying the smart contracts in healthcare market have also shared growth projections in the report and have suggested smart contracts in healthcare market players to plan business strategies accordingly.
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The global smart contracts in healthcare market has been segmented based on blockchain platform, application, and end user. On the basis of blockchain platform, the market for smart contracts in healthcare is segmented based on bitcoin, nxt and ethereum, sidechains. Additionally, the market on the basis of application, is segmented into patient data management, claims adjudication and billing management, clinical data exchange and interoperability, electronic health records (EHRs), supply chain management. The global market for smart contracts in healthcare is also covered based on the end user segment which is further split into healthcare payers and other end users, healthcare providers, pharmaceutical companies.
Factors like increase in healthcare expenditure in the developed economies and growing demand for technologies like artificial intelligence support the smart contracts in healthcare market growth. The performance of smart contracts in healthcare market has also been studied for the past and current years. Additionally, the smart contracts in healthcare market report provides analysis of these segments. The smart contracts in healthcare market segmental analysis provided in the report offers major details about the smart contracts in healthcare market based on the data and forecasts till 2024.
Companies in the smart contracts in healthcare market are spread across the world. The smart contracts in healthcare market report provides major information about regional markets of North America, Europe, Asia-Pacific (APAC), and the rest of the world. The North American smart contracts in healthcare market has many companies across the United States, Canada, and Mexico. The smart contracts in healthcare market of the Middle East, Africa, and other regions has also been studied by analysts. The regional analysis of the smart contracts in healthcare market can be found in the market research report. Europe has companies in the smart contracts in healthcare market across Germany, France, Spain, Italy, and the United Kingdom. A detailed analysis of the smart contracts in healthcare markets across India, China, and Japan in the Asia-Pacific region is also presented in the report.
The smart contracts in healthcare market is supported by integration of smart solutions and AI based tools into healthcare. The population growth around the world and increasing demand of smart contracts in healthcare market based services and products also support the market growth. However, the smart contracts in healthcare market growth can be affected due to complex integration. The report covers all such details which will help companies in the smart contracts in healthcare market to strengthen their business plan and improve their product portfolio. The smart contracts in healthcare market research report also provides company profiles of major companies. The company profiles of many organizations operating in the smart contracts in healthcare market report highlights crucial details like company size, revenue growth, and details of mergers and acquisitions taking place in the smart contracts in healthcare market. New companies and established businesses can plan their strategies based on this data provided in the smart contracts in healthcare market research report.
UnitedHealth Group (UNH)-agreed to purchase Change Healthcare in an agreement worth more than $13 billion to Health Technology. The partnership would merge Change Healthcare with UnitedHealth’s OptumInsight unit to provide the healthcare sector with applications, data processing, infrastructure and other resources, the firms said, noting that the collaboration will help optimize patient care systems to improve health quality and reduce costs. Private-equity firms associated with the Blackstone Company, which own approximately 20% of Change Healthcare’s common shares, have committed to vote in favor of the arrangement.
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List of Tables:
Table 1 Smart Contracts Market, By Blockchain Platform
Table 2 Smart Contracts Market, By Technology
Table 3 Smart Contracts Market, By End Users
List of Figures:
Figure 1 Research Blockchain Platform
Figure 2 Smart Contracts Market, By Blockchain Platform (%)
Figure 3 Smart Contracts Market, By Technology (%)
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