Analysis of Market Determinants Impacting the Blockchain Technology in the Healthcare Sector

Abstract

Blockchain technology is paving its way from novel technology to leveraging its exclusive proficiencies. This technology refers to a platform that chronologically accounts and tracks the transactions and assets via distributed ledgers in a network. In today's scenario, the blockchain technology is gaining traction to completely revolutionize the healthcare services. This chapter discusses different competitive advantages offered by the healthcare sector on inclusion of blockchain technology in their strategic decisions and models. One of the key focus areas of the chapter includes market determinants impacting blockchain technology in the healthcare industry along with the market sizing and forecast analysis. Further, this chapter emphasizes how the blockchain concepts help in simplifying healthcare businesses amidst different challenges being faced by these industries in today's competitive scenario.