The next 5 to 10 years are going to see an immense flood of blockchain technology in countless markets. When it comes to the blockchain-healthcare relationship, things are definitely looking to get real serious, real soon.
Earlier this week, Acumen Research and Consulting (ARC) released a projection showing that the blockchain-healthcare market will keep growing. It’s expected that the blockchain in healthcare market will bump up to more than $1.7 billion by 2026. This is a compound annual growth of 48.1%.
If we look at geography, America completely dominates the largest share of the blockchain-healthcare market. In the United States however, the health care market is considered to be mature.
The blockchain-healthcare market in the US will be pivotal for world growth
Essentially, the United States market offers the largest possible adoption rates of smart technology in both healthcare and manufacturing.
Europe is trailing way behind the United States when it comes to the blockchain-healthcare market. Government support seems to be relatively high and there are very good outliners that the growth will continue.
ARC points out that the presence of multinational companies is a great sign for blockchain healthcare. The biggest problem for blockchain healthcare in Europe however, seems to be the lack of security.
The release reveals that Asia Pacific is the fastest growing region when it comes to blockchain implementation in healthcare. Naturally, the fastest growing economy in the world offers a lot more opportunities, but the growth is impressive nevertheless.
According to ARC, the Japanese market can be considered mature and with the growing demand for highly-qualified labor, will definitely be one of the pillars of blockchain healthcare in the near future.
Another research recently revealed that both the auto and aerospace fields will be immensely impacted by blockchain tech in the near future. The estimated growth exceeds $20 billion for the next 10 years. This is largely attributed to the estimated growth of both the auto and aerospace sectors.
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