Blockchain Technology In Healthcare Market Share

European Market Forecast

Europe blockchain technology in healthcare market is expected to account for around 32% share during the forecast period. Due to several government measures targeted at preventing data breaches, healthcare providers accounted for 53% of all occurrences in the European health sector, which saw a considerable number of incidents. Hospitals in particular took the brunt of it, accounting for 42% of recorded incidents. It is anticipated that the introduction of GDPR will increase business opportunities in the region, especially in light of the tremendous expansion of blockchain technology.

North America Market Statistics

North America blockchain technology in healthcare market is anticipated to have the second-largest revenue share of about 26% during the forecast period. The main force behind regional expansion is the rise in demand for secure medical record storage. Healthcare organizations reported 145 data breaches in the first three months of 2023, according to the OCR (Office for Civil Rights) of the US government. It comes after the 707 cases in which 51.9 million documents were stolen last year. It is not surprising that the healthcare industry is a frequent target.