China Blockchain Technology In Healthcare Market Size & Outlook
China blockchain technology in healthcare market, 2018-2030 (US$M)
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China blockchain technology in healthcare market highlights
- The China blockchain technology in healthcare market generated a revenue of USD 220.6 million in 2023 and is expected to reach USD 7,054.7 million by 2030.
- The China market is expected to grow at a CAGR of 64.1% from 2024 to 2030.
- In terms of segment, public was the largest revenue generating network type in 2023.
- Private is the most lucrative network type segment registering the fastest growth during the forecast period.
Blockchain technology in healthcare market data book summary
| Market revenue in 2023 | USD 220.6 million |
| Market revenue in 2030 | USD 7,054.7 million |
| Growth rate | 64.1% (CAGR from 2023 to 2030) |
| Largest segment | Public |
| Fastest growing segment | Private |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Private, Public, Other Network Type |
| Key market players worldwide | International Business Machines Corp, Oracle Corp, UnitedHealth Group Inc, Patientory, iSolve, Solve.Care, burstIQ, Medicalchain |
Other key industry trends
- In terms of revenue, China accounted for 3.1% of the global blockchain technology in healthcare market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, Japan blockchain technology in healthcare market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 4,985.6 million by 2030.
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Blockchain Technology In Healthcare Market Scope
Blockchain Technology In Healthcare Market Companies
| Name | Profile | # Employees | HQ | Website |
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China blockchain technology in healthcare market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to blockchain technology in healthcare market will help companies and investors design strategic landscapes.
Public was the largest segment with a revenue share of 43.2% in 2023. Horizon Databook has segmented the China blockchain technology in healthcare market based on private, public, other network type covering the revenue growth of each sub-segment from 2018 to 2030.
China has a strong position in the blockchain technology in healthcare market. The Chinese healthcare system is rapidly adopting blockchain to improve data accuracy, transparency, and patient-centric care. Moreover, the government is actively piloting projects to enhance drug traceability and streamline the sharing of medical records among institutions.
Major companies in the country launched blockchain solutions to manage medical data, prescriptions, and insurance claims securely. In September 2019, Baidu, China's leading search engine provider, introduced a blockchain-based medical solution dedicated to the secure distribution and sharing of medical data.
Its open-source platform, named Super Chain, was intended to store comprehensive health records encompassing diagnoses, treatments, and prescriptions. Super Chain was planned to streamline insurance claims processing as it transitioned from a regional pilot in Chongqing's Yuzhong District to a nationwide rollout.
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Horizon Databook provides a detailed overview of country-level data and insights on the China blockchain technology in healthcare market , including forecasts for subscribers. This country databook contains high-level insights into China blockchain technology in healthcare market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China blockchain technology in healthcare market size, by network type, 2018-2030 (US$M)
China Blockchain Technology In Healthcare Market Outlook Share, 2023 & 2030 (US$M)
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