Blockchain in Healthcare - Evolving Technology and Market Analysis Blockchain in Healthcare Market Report 2023 | Page 3

Blockchain in Healthcare Market
On the basis of application, the blockchain in healthcare market is categorized into clinical data
exchange and interoperability, claims adjudication and billing management, drug supply chain
management, drug discovery and clinical trials, prescription drug abuse, and others. Among these
applications, the market for clinical data exchange and interoperability is expected to reach more
than $400.0 million by 2023, registering a CAGR of over 70.0%. This can be ascribed to the fact that
the blockchain technology can potentially transform the way of clinical information, and data
storage and sharing across healthcare partners, payers, and patients.
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