ARC: Blockchain in Healthcare Market to Reach USD 1.7 bn by 2026

The global blockchain in healthcare market is predicted to reach over 1.7 USD billion by 2026 and a forecasted CAGR 48.1% between 2019-2026, as reported by the consulting firm Acumen Research and Consulting (ARC).

According to the research, the U.S. captures the largest share in the global blockchain in healthcare market. This is explained by the greater concentration of smart homes and widespread adoption of smart technology in manufacturing and healthcare sector.

Europe ranks second in blockchain in healthcare market because of strong government support, huge presence of multinational corporations and increased demand for blockchain in healthcare software and devices. However, the growth of blockchain in healthcare market in Europe can be restrained by the lack of security.

The Asia Pacific has the fastest growth for blockchain in healthcare market. Japan accounts for around 40% of the global market for sensors, which is an important component of IoT technology. Besides, Japan is a fast-growing region due to its advanced infrastructure and huge talent pools.

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