Blockchain in Pharmaceutical Supply Chain Management Market Research Report - Forecast till 2027

Blockchain in Pharmaceutical Supply Chain Management Market Research Report: Information by Application (Product Traceability, Risk and Compliance Management, Payment & Settlement, Others), End User (Manufacturers, Distributors, Healthcare Providers) and Region - Forecast till 2027

ID: MRFR/HC/6537-HCR | February 2021 | Region: Global | 90 pages

Blockchain in Pharmaceutical Supply Chain Management Market Scenario


The Blockchain in Pharmaceutical Supply Chain Management Market is expected to register a CAGR of 22.5% during the forecast period of 2019 to 2024.


A blockchain solution can make a substantive difference to the pharmaceutical supply chain. At every stage of the supply chain process, barcodes would be scanned and recorded onto a blockchain ledger system which, in sequence, records and creates an audit trail of the drug journey. Sensors can also be combined into the supply chain, with temperature or humidity being noted onto the ledger system. This is most important for drugs requiring fridge storage, such as insulin or expensive, specially manufactured medicines.


Furthermore, through the use of blockchain, the supply chain process of the drugs can become more secure and streamlined. Every delivery can be tracked, with the delivery driver traced through biometric measures. Every checkpoint concerning the drugs supply is recorded and traced via biometric measures, 2d barcode scans, or sensor technology. As the drug is tracked from its manufacturing unit to the patient, the whole of the drug supply chain becomes seamless, precise, audited, and safe.


Segmentation


The global blockchain in pharmaceutical supply chain management is segmented on the basis of application, end user, and region.


On the basis of application, the blockchain in pharmaceutical supply chain management market is segmented into product traceability, risk and compliance management, payment & settlement, others. The market by end user is segmented into manufacturers, distributors, healthcare providers


Key Players


Some of the key players in the Blockchain In Pharmaceutical Supply Chain Management Market are IBM, Microsoft, SAP SE, Oracle, Tibco Software, Auxesis Group, Omnichain, Vechain Foundation, Chainvine, Applied Blockchain, AWS, Huawei, Guardtime, BTL Group, Bitfury, Digital Treasury Corporation, Blockverify, Nodalblock, Peer Ledger, and others.


Regional Market Summary


Blockchain in Pharmaceutical Supply Chain Management Market Share (%), by Region, 2018  Blockchain in Pharmaceutical Supply Chain Management Market_Image


Sources: United Census Bureau, Indian Brand Equity Foundation, International Journal of Women's Health, Annual Reports, Press Release, White Paper, and Company Presentation


The blockchain in pharmaceutical supply chain management market is segmented on the basis of regions: Americas, Europe, Asia-Pacific, and the Middle East & Asia. The Americas account for the major share of the market owing to the well-developed technology, high healthcare expenditure, and the presence of the major pharmaceutical players. Europe accounted for the second largest market, which is followed by Asia-Pacific. Well-developed healthcare infrastructure and higher healthcare funds have driven the European blockchain in pharmaceutical supply chain management market. Asia-Pacific is the fastest growing blockchain in pharmaceutical supply chain management market. Rapidly changing healthcare sector, and the presence of huge opportunities for the development of this market have paved the way for market growth. However, the Middle East and Africa holds the least share in the blockchain in pharmaceutical supply chain management market. The presence of poor economies and low per capita income, especially within Africa, restrains the growth within the region. A majority of the market share within this region is estimated to be held by the Middle East due to increasing government funding in the healthcare for healthcare, and presence of developed economies like UAE, Kuwait, Dubai, and others.


Research Methodology


Market Research Future research is conducted by industry experts who offer insights into industry structure, market segmentation, assessment, Competitive Landscape (CL), penetration, as well as on emerging trends. Besides primary interviews (~ 80%) and secondary research (~ 20%), their analysis is based on their years of professional expertise in respective industries. Our analysts also predict where the market will be headed in the next five to ten years by analyzing historical trends and current market positions. Furthermore, the varying trends of segments and categories geographically presented are studied and are estimated based on the primary and secondary research.



  • Primary Research

    • Extensive primary research was conducted to gain a deeper insight into the market and industry performance. In this particular report, we have conducted primary surveys (interviews) with key level executives (VPs, CEOs, Marketing Directors, Business Development Managers, and many more) of major players who are active in the market. In addition to analyzing the current and historical trends, our analysts predict where the market is headed, over the next five to ten years.





  • Secondary Research

    • Secondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and commercial study of the blockchain in pharmaceutical supply chain management solutions market. It was also used to obtain key information about major players, market classification, and segmentation according to industry trends, geographical markets, and developments related to the market and perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, SEC filings, journals, white papers, corporate presentations, company web sites, international organization of chemical manufacturers, some paid databases, and many others.




Market Segmentation


Blockchain in Pharmaceutical Supply Chain Management Market, by Application



  • Product Traceability

  • Risk and Compliance Management

  • Payment & Settlement

  • Others


Blockchain in Pharmaceutical Supply Chain Management Market, by End User



  • Manufacturers

  • Distributors

  • Healthcare Providers


Intended Audience



  • Healthcare Providers

  • Healthcare IT Companies

  • Medical Research Laboratories

  • Market Research and Consulting Service Providers



Report Scope:
Report Attribute/Metric Details
  Market Size   2027: Significant Value
  CAGR   22.5% (2019-2024)
  Base Year   2019
  Forecast Period   2020-2027
  Historical Data   2018
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Application, End User
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   IBM, Microsoft, SAP SE, Oracle, Tibco Software, Auxesis Group, Omnichain, Vechain Foundation, Chainvine, Applied Blockchain, AWS, Huawei, Guardtime, BTL Group, Bitfury, Digital Treasury Corporation, Blockverify, Nodalblock, Peer Ledger, and others.
  Key Market Opportunities   New product launches and R&D Amongst major key Players
  Key Market Drivers

  • Well-developed healthcare infrastructure
  • Higher healthcare funds


  • Speak to Analyst Ask for Customization

    Frequently Asked Questions (FAQ) :


    Blockchain in pharmaceutical supply chain management market is projected to grow at a 22.5% CAGR between 2019-2024.

    The Americas is expected to dominate the blockchain in pharmaceutical supply chain management market.

    End users of the blockchain in pharmaceutical supply chain management market include healthcare providers, distributors, and manufacturers.

    The blockchain in pharmaceutical supply chain management is widely used in payment and settlement, product traceability, and others.

    Some of the key strategies adopted by key players operating in the blockchain in pharmaceutical supply chain management market include expansion, product development, acquisition, and innovation.

    Table of Contents

    Chapter 1. Report Prologue

    Chapter 2. Market Introduction

    2.1 Definition

    2.2 Scope of the Study

    2.2.1 Research Objective

    2.2.2 Assumptions

    2.2.3 Limitations

    Chapter 3. Research Methodology

    3.1 Overview

    3.2 Primary Research

    3.3 Secondary Research

    3.4 Market Size Estimation

    Chapter 4. Market Dynamics

    4.1 Drivers

    4.2 Restraints

    4.3 Opportunities

    Chapter 5. Market Factor Analysis

    5.1 Porter’s Five Forces Analysis

    5.1.1 Bargaining Power of Suppliers

    5.1.2 Bargaining Power of Buyers

    5.1.3 Threat of New Entrants

    5.1.4 Threat of Substitutes

    5.1.5 Intensity of Rivalry

    5.2 Value Chain Analysis

    Chapter 6. Global Blockchain in Pharmaceutical Supply Chain Management Market, by Application

    6.1 Overview

    6.2 Product Traceability

    6.3 Risk and Compliance Management

    6.4 Payment & Settlement

    Chapter 7. Global Blockchain in Pharmaceutical Supply Chain Management Market, by End User

    7.1 Overview

    7.2 Manufacturers

    7.3 Distributors

    7.4 Healthcare Providers

    Chapter 8. Global Blockchain in Pharmaceutical Supply Chain Management Market, by Region

    8.1 Introduction

    8.2 Americas

    8.2.1 North America

    8.2.1.1 US

    8.2.1.2 Canada

    8.2.2 Latin America

    8.3 Europe

    8.3.1 Western Europe

    8.3.1.1 Germany

    8.3.1.2 France

    8.3.1.3 Italy

    8.3.1.4 Spain

    8.3.1.5 UK

    8.3.1.6 Rest of Western Europe

    8.3.2 Eastern Europe

    8.4 Asia-Pacific

    8.4.1 Japan

    8.4.2 China

    8.4.3 India

    8.4.4 Australia

    8.4.5 South Korea

    8.4.6 Rest of Asia-Pacific

    8.5 Middle East & Africa

    8.5.1 Middle East

    8.5.2 Africa

    Chapter 9. Company Landscape

    9.1 Introduction

    9.2 Market Share Analysis

    Chapter 10. Company Profiles

    10.1 IBM

    10.1.1 Company Overview

    10.1.2 Services Overview

    10.1.3 Financials Overview

    10.1.4 Key Developments

    10.1.5 SWOT Analysis

    10.2 Microsoft

    10.3 SAP SE

    10.4 Oracle

    10.5 Tibco Software

    10.6 Auxesis Group

    10.7 OMNICHAIN

    10.8 Vechain Foundation

    10.10 Chainvine

    10.10 Applied Blockchain

    10.11 AWS

    10.12 Huawei

    10.13 Guardtime

    10.14 BTL Group

    10.15 Bitfury

    10.16 Digital Treasury Corporation

    10.17 Blockverify

    10.18 Nodalblock

    10.110 Peer Ledger

    10.20 Others

    Chapter 11 Appendix


    LIST OF TABLES

    TABLE 1 GLOBAL BLOCKCHAIN IN PHARMACEUTICAL SUPPLY CHAIN MANAGEMENT MARKET SYNOPSIS, 2020-2027

    TABLE 2 GLOBAL BLOCKCHAIN IN PHARMACEUTICAL SUPPLY CHAIN MANAGEMENT MARKET ESTIMATES AND FORECAST, 2020-2027(USD MILLION)

    TABLE 3 GLOBAL BLOCKCHAIN IN PHARMACEUTICAL SUPPLY CHAIN MANAGEMENT MARKET, BY APPLICATION, 2020-2027(USD MILLION)

    TABLE 4 GLOBAL BLOCKCHAIN IN PHARMACEUTICAL SUPPLY CHAIN MANAGEMENT MARKET, BY END USER, 2020-2027(USD MILLION)

    TABLE 5 GLOBAL BLOCKCHAIN IN PHARMACEUTICAL SUPPLY CHAIN MANAGEMENT MARKET, BY REGION, 2020-2027(USD MILLION)

    TABLE 6 NORTH AMERICA: BLOCKCHAIN IN PHARMACEUTICAL SUPPLY CHAIN MANAGEMENT MARKET, BY APPLICATION, 2020-2027(USD MILLION)

    TABLE 7 NORTH AMERICA: BLOCKCHAIN IN PHARMACEUTICAL SUPPLY CHAIN MANAGEMENT MARKET, BY END USER, 2020-2027(USD MILLION)

    TABLE 8 NORTH AMERICA: BLOCKCHAIN IN PHARMACEUTICAL SUPPLY CHAIN MANAGEMENT MARKET, BY REGION, 2020-2027(USD MILLION)

    TABLE 9 US: BLOCKCHAIN IN PHARMACEUTICAL SUPPLY CHAIN MANAGEMENT MARKET, BY APPLICATION, 2020-2027(USD MILLION)

    TABLE 10 US: BLOCKCHAIN IN PHARMACEUTICAL SUPPLY CHAIN MANAGEMENT MARKET, BY END USER, 2020-2027(USD MILLION)

    TABLE 11 US: BLOCKCHAIN IN PHARMACEUTICAL SUPPLY CHAIN MANAGEMENT MARKET, BY REGION, 2020-2027(USD MILLION)

    TABLE 12 CANADA: BLOCKCHAIN IN PHARMACEUTICAL SUPPLY CHAIN MANAGEMENT MARKET, BY APPLICATION, 2020-2027(USD MILLION)

    TABLE 13 CANADA: BLOCKCHAIN IN PHARMACEUTICAL SUPPLY CHAIN MANAGEMENT MARKET, BY END USER, 2020-2027(USD MILLION)

    TABLE 14 CANADA: BLOCKCHAIN IN PHARMACEUTICAL SUPPLY CHAIN MANAGEMENT MARKET, BY REGION, 2020-2027(USD MILLION)

    TABLE 15 SOUTH AMERICA: BLOCKCHAIN IN PHARMACEUTICAL SUPPLY CHAIN MANAGEMENT MARKET, BY APPLICATION, 2020-2027(USD MILLION)

    TABLE 16 SOUTH AMERICA: BLOCKCHAIN IN PHARMACEUTICAL SUPPLY CHAIN MANAGEMENT MARKET, BY END USER, 2020-2027(USD MILLION)

    TABLE 17 SOUTH AMERICA: BLOCKCHAIN IN PHARMACEUTICAL SUPPLY CHAIN MANAGEMENT MARKET, BY REGION, 2020-2027(USD MILLION)

    TABLE 18 EUROPE: BLOCKCHAIN IN PHARMACEUTICAL SUPPLY CHAIN MANAGEMENT MARKET, BY APPLICATION, 2020-2027(USD MILLION)

    TABLE 19 EUROPE: BLOCKCHAIN IN PHARMACEUTICAL SUPPLY CHAIN MANAGEMENT MARKET, BY END USER, 2020-2027(USD MILLION)

    TABLE 20 EUROPE: BLOCKCHAIN IN PHARMACEUTICAL SUPPLY CHAIN MANAGEMENT MARKET, BY REGION, 2020-2027(USD MILLION)

    TABLE 21 WESTERN EUROPE: BLOCKCHAIN IN PHARMACEUTICAL SUPPLY CHAIN MANAGEMENT MARKET, BY APPLICATION, 2020-2027(USD MILLION)

    TABLE 22 WESTERN EUROPE: BLOCKCHAIN IN PHARMACEUTICAL SUPPLY CHAIN MANAGEMENT MARKET, BY END USER, 2020-2027(USD MILLION)

    TABLE 23 WESTERN EUROPE: BLOCKCHAIN IN PHARMACEUTICAL SUPPLY CHAIN MANAGEMENT MARKET, BY REGION, 2020-2027(USD MILLION)

    TABLE 24 EASTERN EUROPE: BLOCKCHAIN IN PHARMACEUTICAL SUPPLY CHAIN MANAGEMENT MARKET, BY APPLICATION, 2020-2027(USD MILLION)

    TABLE 25 EASTERN EUROPE: BLOCKCHAIN IN PHARMACEUTICAL SUPPLY CHAIN MANAGEMENT MARKET, BY END USER, 2020-2027(USD MILLION)

    TABLE 26 EASTERN EUROPE: BLOCKCHAIN IN PHARMACEUTICAL SUPPLY CHAIN MANAGEMENT MARKET, BY REGION, 2020-2027(USD MILLION)

    TABLE 27 ASIA-PACIFIC: BLOCKCHAIN IN PHARMACEUTICAL SUPPLY CHAIN MANAGEMENT MARKET, BY APPLICATION, 2020-2027(USD MILLION)

    TABLE 28 ASIA-PACIFIC: BLOCKCHAIN IN PHARMACEUTICAL SUPPLY CHAIN MANAGEMENT MARKET, BY END USER, 2020-2027(USD MILLION)

    TABLE 29 ASIA-PACIFIC: BLOCKCHAIN IN PHARMACEUTICAL SUPPLY CHAIN MANAGEMENT MARKET, BY REGION, 2020-2027(USD MILLION)

    TABLE 30 MIDDLE EAST & AFRICA: BLOCKCHAIN IN PHARMACEUTICAL SUPPLY CHAIN MANAGEMENT MARKET, BY APPLICATION, 2020-2027(USD MILLION)

    TABLE 31 MIDDLE EAST & AFRICA: BLOCKCHAIN IN PHARMACEUTICAL SUPPLY CHAIN MANAGEMENT MARKET, BY END USER, 2020-2027(USD MILLION)

    TABLE 32 MIDDLE EAST & AFRICA: BLOCKCHAIN IN PHARMACEUTICAL SUPPLY CHAIN MANAGEMENT MARKET, BY REGION, 2020-2027(USD MILLION)


    LIST OF FIGURES

    FIGURE 1 RESEARCH PROCESS

    FIGURE 2 SEGMENTATION FOR GLOBAL BLOCKCHAIN IN PHARMACEUTICAL SUPPLY CHAIN MANAGEMENT MARKET

    FIGURE 3 MARKET DYNAMICS FOR GLOBAL BLOCKCHAIN IN PHARMACEUTICAL SUPPLY CHAIN MANAGEMENT MARKET

    FIGURE 4 GLOBAL BLOCKCHAIN IN PHARMACEUTICAL SUPPLY CHAIN MANAGEMENT MARKET SHARE, BY APPLICATION, 2020 (%)

    FIGURE 5 GLOBAL BLOCKCHAIN IN PHARMACEUTICAL SUPPLY CHAIN MANAGEMENT MARKET, BY END USER, 2020 (%)

    FIGURE 6 GLOBAL BLOCKCHAIN IN PHARMACEUTICAL SUPPLY CHAIN MANAGEMENT MARKET SHARE, BY REGION, 2020 (%)

    FIGURE 7 NORTH AMERICA: BLOCKCHAIN IN PHARMACEUTICAL SUPPLY CHAIN MANAGEMENT MARKET SHARE, BY COUNTRY, 2020 (%)

    FIGURE 8 EUROPE: BLOCKCHAIN IN PHARMACEUTICAL SUPPLY CHAIN MANAGEMENT MARKET SHARE, BY COUNTRY, 2020 (%)

    FIGURE 9 ASIA-PACIFIC: BLOCKCHAIN IN PHARMACEUTICAL SUPPLY CHAIN MANAGEMENT MARKET SHARE, BY COUNTRY, 2020 (%)

    FIGURE 10 MIDDLE EAST & AFRICA: BLOCKCHAIN IN PHARMACEUTICAL SUPPLY CHAIN MANAGEMENT MARKET SHARE, BY COUNTRY, 2020 (%)

    FIGURE 11 GLOBAL BLOCKCHAIN IN PHARMACEUTICAL SUPPLY CHAIN MANAGEMENT MARKET: COMPANY SHARE ANALYSIS, 2020 (%)

    FIGURE 12 IBM: KEY FINANCIALS

    FIGURE 13 IBM: SEGMENTAL REVENUE

    FIGURE 14 IBM: GEOGRAPHICAL REVENUE

    FIGURE 15 MICROSOFT: KEY FINANCIALS

    FIGURE 16 MICROSOFT: SEGMENTAL REVENUE

    FIGURE 17 MICROSOFT: GEOGRAPHICAL REVENUE

    FIGURE 18 SAP SE: KEY FINANCIALS

    FIGURE 19 SAP SE: SEGMENTAL REVENUE

    FIGURE 20 SAP SE: GEOGRAPHICAL REVENUE

    FIGURE 21 ORACLE: KEY FINANCIALS

    FIGURE 22 ORACLE: SEGMENTAL REVENUE

    FIGURE 23 ORACLE: GEOGRAPHICAL REVENUE

    FIGURE 24 TIBCO SOFTWARE: KEY FINANCIALS

    FIGURE 25 TIBCO SOFTWARE: SEGMENTAL REVENUE

    FIGURE 26 TIBCO SOFTWARE: GEOGRAPHICAL REVENUE

    FIGURE 27 AUXESIS GROUP: KEY FINANCIALS

    FIGURE 28 AUXESIS GROUP: SEGMENTAL REVENUE

    FIGURE 29 AUXESIS GROUP: GEOGRAPHICAL REVENUE

    FIGURE 30 OMNICHAIN USA, INC: KEY FINANCIALS

    FIGURE 31 OMNICHAIN USA, INC: SEGMENTAL REVENUE

    FIGURE 32 OMNICHAIN USA, INC: GEOGRAPHICAL REVENUE



    This table of content is tentative and subject to change as the research progresses.

    Please Note:  Financial details of company cannot be provided if the information of the company is not available in public domain and or reliable source.