Pharmaceutical Blockchain Market is Likely to Upsurge USD 25.6 Billion by 2030

A recent market intelligence study by Data Bridge Market Research meticulously examined the Pharmaceutical Blockchain Market. The freshly released report utilizes an attractive format to present crucial information through visually compelling tables, graphs, charts, and figures.

The Pharmaceutical Blockchain market research report provides a detailed overview of the healthcare industry and its impact on the market environment. It delves into current and future market trends and conducts an analysis of how buyers, substitutes, new entrants, competitors, and suppliers influence the market. Serving as a valuable source of guidance, this market report offers statistics on the industry’s current state, aiding companies and investors interested in this market. Additionally, the Pharmaceutical Blockchain business report highlights key players, significant collaborations, mergers, acquisitions, as well as emerging innovations and business strategies.

Industry experts leverage market intelligence to assess strategic options, outline effective action plans, and assist companies in making critical bottom-line decisions, making the Pharmaceutical Blockchain report an invaluable resource. Furthermore, all the statistics, data, facts, and figures presented in this market report are sourced from reliable outlets such as websites, journals, newspapers, mergers, and other authentic sources. The gathered information is meticulously represented throughout the report using appropriate graphs, charts, or tables to enhance user understanding. In the rapidly evolving marketplace, the Pharmaceutical Blockchain market report serves as a reliable solution that businesses can adopt to thrive.

Data Bridge Market Research analyses that the pharmaceutical blockchain market, which was USD 0.76 billion in 2022, would rise to USD 25.6 billion by 2030, and is expected to undergo a CAGR of 55% from 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

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The increasing incidence of information leaks and data breaches and the growing requirement to restrict these issues lead to market growth. Various technological advancements are significantly shaping blockchain in the healthcare business. Growing disease incidence is expected to create a huge amount of data, boosting the demand for data management. Furthermore, the supply chain management application segment resulted in a large market share of blockchain technology in the healthcare market in 2021.

Key Growth Drivers:

• Increasing Strategic Developments by Market Players

The market players’ numerous strategic initiatives, such as product launches and acquisitions, lead to market growth. For instance, MDS Mexico launched a blockchain technology-based COVID-19 testing service to assure the authenticity of vaccination certificates in 2021. The COVID-19 pandemic enhanced the pharmaceutical sector’s adoption and demand for blockchain solutions. This factor impedes market growth.

• Wide Usage of Blockchain in Hospitals

Hospitals are an important part that uses blockchain, impeding the market growth. Healthcare institutions and hospitals are now working on keeping the patient’s data to protect the smooth working of the system. This not only assists in differentiating between new and old patients and leverages existing records to complement the doctor’s appointment. Furthermore, the technology will prevent the exposure of necessary information, such as addresses, payment details, and phone numbers, to data breaches and cyberattacks. Thus, this factor leads to market growth.

The report outlines the involvement of key players, including:

Nebula Genomics (U.S.), Blockpharma (France), EncrypGen (U.S.), Medicalchain SA (U.K.)., iSolve, LLC (U.S.)., PATIENTORY INC (U.S.), GUARDTIME (U.S.), HASHED HEALTH (U.S.), Blockchain AI Solutions Ltd (U.K.), Medpace (U.S.), Quanticate (India), Huawei Technologies Co., Ltd (China)

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Key Market Segmentation

Type (Private, Public, Hybrid), Application (Clinical Trials, Drug Traceability, Drug Development, Health Records and Data Security, Supply Chain Management, Claims Billing and Payment, Data Management – Monitoring and IOT Devices, Others), End-Users (Manufacturers, Distributors, Healthcare Providers)

The Pharmaceutical Blockchain market report includes the following countries in different regions:

The regions mentioned above encompass a comprehensive coverage of key markets, offering a global perspective on the market landscape. Here’s an overview of the regions and the countries they include:

1. North America: United States, Canada, and Mexico.
2. Europe: Germany, France, United Kingdom, Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, and other European countries.
3. Asia-Pacific (APAC): China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, and other Asia-Pacific countries.
4. Middle East and Africa (MEA): Saudi Arabia, United Arab Emirates (U.A.E), South Africa, Egypt, Israel, and other countries in the Middle East and Africa region.
5. South America: Brazil, Argentina, and other countries in South America.

TABLE OF CONTENTS

Part 01: Executive Summary

Part 02: Scope Of The Report

Part 03: Research Methodology

Part 04: Market Landscape

Part 05: Pipeline Analysis

Part 06: Market Sizing

Part 07: Five Forces Analysis

Part 08: Market Segmentation

Part 09: Customer Landscape

Part 10: Regional Landscape

Part 11: Decision Framework

Part 12: Drivers And Challenges

Part 13: Market Trends

Part 14: Vendor Landscape

Part 15: Vendor Analysis

Part 16: Appendix

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About Data Bridge Market Research, Private Ltd

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