Saudi Arabia Blockchain Technology In Healthcare Market Size & Outlook
Saudi Arabia blockchain technology in healthcare market, 2018-2030 (US$M)
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Saudi Arabia blockchain technology in healthcare market highlights
- The Saudi Arabia blockchain technology in healthcare market generated a revenue of USD 133.9 million in 2023 and is expected to reach USD 4,615.8 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 65.8% 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 133.9 million |
| Market revenue in 2030 | USD 4,615.8 million |
| Growth rate | 65.8% (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, Saudi Arabia accounted for 1.9% 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 Middle East & Africa, UAE blockchain technology in healthcare market is projected to lead the regional market in terms of revenue in 2030.
- Saudi Arabia is the fastest growing regional market in Middle East & Africa and is projected to reach USD 4,615.8 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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Saudi Arabia 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 43.24% in 2023. Horizon Databook has segmented the Saudi Arabia blockchain technology in healthcare market based on private, public, other network type covering the revenue growth of each sub-segment from 2018 to 2030.
Saudi Arabia is rapidly recognizing the potential of blockchain technology in revolutionizing its healthcare sector. The government is actively exploring blockchain applications to enhance data security, interoperability, and transparency in healthcare operations.
By leveraging blockchain technology, Saudi Arabia aims to establish a tamper-proof and decentralized system for storing medical records, ensuring data security, and boosting the efficiency of healthcare services.
In addition, the Kingdom is keen on adopting emerging technologies, such as Artificial Intelligence (AI) and smart contracts, in conjunction with blockchain to further optimize healthcare processes, facilitate patient engagement, and promote medical tourism.
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Our clientele includes a mix of blockchain technology in healthcare market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Saudi Arabia blockchain technology in healthcare market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia blockchain technology in healthcare market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Saudi Arabia blockchain technology in healthcare market size, by network type, 2018-2030 (US$M)
Saudi Arabia Blockchain Technology In Healthcare Market Outlook Share, 2023 & 2030 (US$M)
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