Authors:
Ela Vashishtha, Himanshu Kapoor

Addresses:
1Master of Health Administration, Texas Health Resources, Texas, USA. 2Master of Science in Engineering, Product Management and Strategy Leader, University of Washington, Seattle, USA. elavashishtha@texashealth.org1, kapoor91@uw.edu2, 

Abstract:

Blockchain in healthcare is expected to reach USD 14.25 billion by 2032, growing 34.02 percent from 2023 to 2032. Data breaches and the need for effective solutions fuel this growth. Health data management, pharmaceutical counterfeiting, and strategic measures drive healthcare blockchain usage. IBM, Athenahealth, and Allscripts see Blockchain's potential, while the Synaptic Health Alliance facilitates data interchange. Medical system and blockchain technology investments should boost market growth. Public healthcare data management networks provide most blockchain market revenue. Privacy, rapid transactions, and increased security will fuel private network growth. Pharma supply chain management ensures data integrity, interoperability, and regulatory compliance. Data management and security are expected to improve with clinical trials and eConsent. The biopharmaceutical and medical device sector lead end-users, followed by hospitals. Europe dominates the market, while North America is demanding secure medical record management. Blockchain technology may improve healthcare record security and efficiency. Its combination with AI and IoT has transformed healthcare, improving EHR management, remote patient monitoring, and precision medicine. Telemedicine and fog monitoring systems use blockchain for remote patient monitoring and big data analytics. Blockchain, federated learning, explainable AI, and 5G/6G networks have improved drug development and Intelligent Telesurgery technologies. Deep learning is used for secure image transfer and healthcare cyberattack defence.

Keywords: Blockchain; Internet of Things (IoT); Healthcare Technology; Artificial Intelligence (AI); Data Management; Global Healthcare; Health Records; Cyber Security; Healthcare Security; Interoperability; Medical Supply Chain.

Received on: 27/10/2022, Revised on: 16/12/2022, Accepted on: 03/02/2023, Published on: 07/03/2023

FMDB Transactions on Sustainable Technoprise Letters, 2023 Vol. 1 No. 1, Pages: 1-12

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