Selbyville, Delaware, Dec. 01, 2021 (GLOBE NEWSWIRE) —
The blockchain technology in healthcare market size is anticipated to record a valuation of USD 6.1 billion by 2027, according to the most recent study by Global Market Insights Inc. Blockchain technology is improving ongoing innovations in the medical field, modern businesses, as well as everyday life practices in the healthcare sector. Blockchain technology is now supporting healthcare providers in numerous areas of administrative management and patient care procedures. It has extensive applications in reducing the risk of counterfeit drugs, decreasing therapeutic errors, improving patient safety, decision support, etc. that is contributing in augmenting the adoption of blockchain technology in healthcare. The significant development in healthcare technology to address identified gaps in healthcare facilities is leading to business growth.
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The public segment in the blockchain technology in healthcare market is poised to witness 48.6% growth rate through 2027 led by the recent technological advancements in public blockchain systems that enable the implementation of significantly reliable technology in healthcare. This technology is decentralized and does not have a single entity that controls the network. Medical data on a public blockchain system are secure as it prevents the modification or alteration of…
