The global blockchain in healthcare market is expected to see rapid growth in the near future, according to a report from P&S Intelligence.
Five trends:
1. The market was valued at $44.6 million in 2017.
2. It is anticipated to grow at a compound annual growth rate of 67.1 percent from 2018 to 2023.
3. It is predicted to reach $890.5 million by 2023.
4. The application of blockchain in clinical data exchange and interoperability held the largest share in this market in 2017 (40 percent).
5. In terms of geography, North America held the largest share in the market in 2017; however, Europe is expected to emerge as the largest market by 2023.