Blockchain Technology in Healthcare Market will cross USD 1.6 billion by 2025: Global Market Insights, Inc.

The Germany blockchain technology in Healthcare market accounted over USD 2.8 million in 2018 and is set to register lucrative CAGR from 2019 to 2025, driven by growing demand of IoT and interoperability in research and developments centre.

Selbyville, Delaware, Sept. 09, 2019 (GLOBE NEWSWIRE) —

UK blockchain technology in healthcare market held USD 2.8 million market size in 2018. Growing use of blockchain for healthcare market and implementation of several government initiatives will serve to be high impacting factors for blockchain technology market growth in the country. For instance, the UK government collaborated with the University of Surry for implementation of Archangel program. Archangel program is government initiative for implementation of blockchain in healthcare and other sectors. Such initiatives for implementation of blockchain technology in UK healthcare sector will positively impact the UK blockchain technology for healthcare industry growth in the forthcoming years.

Switzerland market will witness significant growth at 73.3% in forthcoming years. Robust growth is attributed to presence of leading pharmaceutical companies in the country, that are rapidly implementing blockchain technology for improved clinical outcomes. Moreover, increasing government initiatives for implementation of blockchain technology among pharmaceuticals manufacturing and product development companies will increase the demand for blockchain technology, thereby boosting the Switzerland blockchain technology in healthcare industry growth over the upcoming years.

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Data exchange and interoperability component of blockchain technology dominated the market with 40% revenue share in 2018. Data exchange and interoperability encompasses collection and analysis of data, related to regulatory, patient digital identities and existing health segments for reuse and maintaining the…

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