Investments in blockchain in the healthcare market will exceed $ 1.6 billion by 2025

According to Global Market Insights, a global market research company, by 2025, investments in blockchain in the healthcare market will exceed $ 1.6 billion.

Researchers note that investments in blockchain in the healthcare market will grow due to a number of factors, for example, the implementation of government initiatives. The study of medical results and the interoperability of health data, as well as cost reduction, will further influence the implementation of the blockchain.

“The growing awareness of blockchain implementation and government data standardization initiatives will spur industry growth in the coming years,” the report said.

As for the segment of medical insurance blockchain companies in the healthcare market, researchers believe that by 2025 it can show a total annual growth of 65.7%. This market segment is expected to grow due to the widespread adoption of the blockchain and the need to improve emergency care and clinical outcomes.

Recall that in July, analysts at Acumen Research and Consulting (ARC) came to the conclusion that the amount of funding for the blockchain in the healthcare market will exceed $ 1.7 billion by 2026.

Last month, the US Food and Drug Administration (FDA) announced that it plans to implement blockchain to improve the process of analyzing and recalling medicines, and in June it became known that the FDA, IBM and Merck will introduce blockchain in the drug supply chain .