Africa Healthcare Blockchain Market

Blockchain technology is used to obtain and monitor information about all the transactions on real time basis. This technology enables organisations to track and record data related to all the activities carried out within the given network of an organisation . Blockchain in healthcare are causing old systems to evolve, increasing efficiency while cutting down on costs across the healthcare industry. Blockchain technology is a very secure and reliable method to store, record and share sensitive data related to healthcare industry.

There is rise in adoption of blockchain technology due to increase in the connected networks which are driving the growth of the market . There is increase in number of cases related to data theft in healthcare industry, rising number of fake medicines in the medicine supply chain, there has been adequate funding to healthcare blockchain start-ups, government has initiated to implement blockchain in healthcare, and there is increasing adoption of blockchain as a service (BaaS). Also, there is a growing demand of easy to use and not so expensive data management tools. These are the few of the driving factors for the growth of this market. However, some of the restraining factors in this market are the lack of significant entity and universal standards, and lack of awareness about the blockchain technology.

African regions showing high growth opportunities will be the main area of focus for the governments and industries to invest in healthcare blockchain market. The growth trends in the emerging markets such as India, China and Brazil etc. will play a major role in shaping the blockchain in healthcare segment of the African market. However, Organisations and governments involved in African Healthcare segment are keen to opt for cost-effective blockchain technology.

Key market players in this market are Bitland, Custos media technologies, Bankymonn, OTLW, The Sun Exchange, Doc.com, Linum Labs, Sanofi, Appenberg Digital Publishing, GiftedMom etc.

Healthcare Blockchain in African market has been segmented on the basis of application, end users and region. Based on application the market has been segmented as, Clinical Data Exchange & Interoperability, Claims Adjudication & Billing Management, Drug Supply Chain Management, Drug Discovery & Clinical Trials, Prescription Drug abuse. On the basis of end user market is segmented as Pharmaceutical Companies, Healthcare Providers, Healthcare Payers.

Market Segmentation

By Application

• Clinical Data Exchange & Interoperability
• Claims Adjudication & Billing Management
• Drug Supply Chain Management
• Drug Discovery & Clinical Trials
• Prescription Drug Abuse

By End-user

• Pharmaceutical Companies
• Healthcare Providers
• Healthcare Payers

Key market players here are
• Bitland
• Custos media technologies
• Bankymonn
• OTLW
• The Sun Exchange
• Doc.com
• Linum Labs
• Sanofi
• Appenberg Digital Publishing
• GiftedMom