Majority of the healthcare systems are in crisis today owing to to prohibitive costs, limited access to care, unclear reimbursement models, patient safety and quality of care. Building a new precision health ecosystem through innovations is thus necessary. Usage of latest technology such as deep learning and blockchain in healthcare can reduce costs, improve regulatory compliance, increase data flow, and improve patient experience and outcomes. FDA has entered into partnership with IBM Watson recently to work on a secure, efficient and scalable Blockchain in Healthcare sector.
Blockchain is a continuously growing list of records, called blocks, which are linked and secured using cryptography. It ha spotential to prove to be indispensable in building a global precision-medicine ecosystem that optimally connects patients, clinicians, researchers, insurers and clinical laboratories to one another. Blockchain applications for patient-data portability, interoperability, care delivery management and administration can solve significant problems faced by healthcare industry.
The report incorporates the distinct analysis of the Blockchain in Healthcare market on the basis of application such as claims & billing management, internet of medical things, regulatory audit, drug supply chain management, clinical data exchange and others. The market has also been studied on the basis of geography that includes a detailed study of the key economies across each region such as Americas, Asia-Pacific, Europe and Rest of the World. The report also contains a detailed analysis of financials, strategy, products, and recent developments of the leading companies in the Blockchain market.