The global blockchain technology in healthcare market is expected to surpass $1.6 billion by 2025, according to a Global Market Insights reported and cited by the Cointelegraph.
Blockchain will continue to become more mainstream in healthcare due to the lack of interoperability in the industry. Additionally, blockchain could improve the examination of medical outcomes and reduce administrative costs in the healthcare sector.
Within the healthcare industry, blockchain is expected to make the biggest impact on payers, according to the report. Analysts predicted the healthcare payer segment of the blockchain in healthcare market to increase at a 65.7 percent compound annual growth rate by 2025.