Blockchain and its potential in the medical device and healthcare industries

Medical Device Network July 21, 2021
GlobalData Healthcare

The healthcare industry’s share of the blockchain market is anticipated to increase over the next ten years as the technology is further integrated.

Blockchain has been highly popularised by its core involvement in the cryptocurrency boom. Blockchain is a decentralised and secure method of storing and transferring data or information. The use of the technology outside of the finance sector and cryptocurrency is currently unpopular, but industry experts expect the technology to be fully embraced by other industries, including medical devices and healthcare. GlobalData estimates the blockchain market will be worth more than $200bn by 2030.

GlobalData estimates that the healthcare industry accounts for 6% of overall global spending on blockchain technology. The healthcare industry’s market share is anticipated to...

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