Docwire News August 2, 2019
Jack Carfagno

The blockchain in healthcare industry is estimated to grow from $176.8 million in 2018 to over $5.61 billion in 2025 according to a market report from BIS research. Expected to grow at a compound annual growth rate of 63.85% in this time frame, this industry will likely have a dramatic impact on the medical community in the near future.

“The blockchain in the healthcare market is going to be driven by the urgent need to improve interoperability and security of the healthcare information systems,” says Pushplata Patel, an analyst at BIS Research. “Around 14% of healthcare organizations are expected to have a blockchain-based system in place by the end of 2018, while 70% are expected to have invested in getting the technology on-board by 2020.”