NEW YORK CITY, NEW YORK, USA, June 1, 2022 /EINPresswire.com/ -- The Blockchain in Healthcare Market is forecast to reach USD 129.50 Billion by 2030. Several hospitals and organizations are implementing the technology to record, analyse, and monitor patient information. Moreover, there is an increase in the supply of counterfeit drugs, and this issue can be restrained by adopting the block chain technology in the healthcare sector. Initiatives are being taken by the government across the globe to tackle the situation.
Stringent regulations such as increased incidence of medical data breach will boost the application of the technology in the sector. For instance, in May 2019, it was revealed that the billing services vendor American Medical Collection Agency was hacked for eight months between August 1, 2018, and March 30, 2019. So far, it is estimated that approximately 25 million patient’s data has been breached. Block chain technology in the healthcare sector will lead to greater...
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