Definition
Blockchain in clinical research refers to the use of decentralized and immutable ledger technologies to manage clinical trial data, ensure transparency, and enhance data security. By providing a tamper-proof system, blockchain technology addresses critical issues such as data integrity, patient consent, and real-time tracking in clinical trials.
Get Research Report Sample & TOC: Get Insights
Key Trends in the Market
- Enhanced Data Security and Integrity
Blockchain ensures the integrity of clinical trial data by creating immutable records that are resistant to tampering, ensuring regulatory compliance and trust. - Decentralized Patient Consent Management
Smart contracts powered by blockchain are being used to streamline and automate patient consent processes, offering transparency and accountability. - Integration with AI and IoT
Combining blockchain with AI and IoT devices enables real-time data collection and analysis, improving the efficiency and accuracy of clinical trials. - Focus on Decentralized Clinical Trials (DCTs)
Blockchain facilitates decentralized trials by enabling secure data sharing and collaboration across multiple stakeholders, reducing geographical and logistical barriers. - Regulatory Acceptance and Collaboration
Growing interest from regulatory bodies and industry collaborations are driving the adoption of blockchain to meet compliance standards and streamline trial processes.
Inquiry before Buying: Request Special Pricing
Key Drivers of Growth
- Increasing Need for Transparency
Blockchain addresses the demand for greater transparency in clinical research by providing traceable and verifiable data for all stakeholders. - Rising Concerns About Data Breaches
With the increasing volume of sensitive patient and trial data, blockchain’s robust security features make it an attractive solution for preventing breaches. - Growing Adoption of Decentralized Trials
The shift toward decentralized clinical trials has created a need for secure, scalable, and interoperable solutions like blockchain. - Regulatory Compliance Requirements
Stricter data protection laws and clinical trial regulations are pushing organizations to adopt blockchain for secure and compliant data management. - Focus on Patient-Centric Research
Blockchain empowers patients by allowing them to control their data and participate actively in clinical trials, boosting engagement and trust.
Key Players in the Market
- IBM Corporation
- ConsenSys
- Medicalchain
- Guardtime
- Chronicled
- Hashed Health
- Blockpharma
- Embleema
- ProofWork
- Patientory
Procure Complete Report (300 Pages PDF with Insights, Charts, Tables, and Figures) @ Buy Now
Research Scope
- Scope – Highlights, Trends, Insights. Attractiveness, Forecast
- Market Sizing – Product Type, End User, Offering Type, Technology, Region, Country, Others
- Market Dynamics – Market Segmentation, Demand and Supply, Bargaining Power of Buyers and Sellers, Drivers, Restraints, Opportunities, Threat Analysis, Impact Analysis, Porter 5 Forces, Ansoff Analysis, Supply Chain
- Business Framework – Case Studies, Regulatory Landscape, Pricing, Policies and Regulations, New Product Launches. M&As, Recent Developments
- Competitive Landscape – Market Share Analysis, Market Leaders, Emerging Players, Vendor Benchmarking, Developmental Strategy Benchmarking, PESTLE Analysis, Value Chain Analysis
- Company Profiles – Overview, Business Segments, Business Performance, Product Offering, Key Developmental Strategies, SWOT Analysis
- Forecast Period – 2024-2033
- Base Year – 2023
With Global Insight Services, you receive:
- 10-year forecast to help you make strategic decisions
- In-depth segmentation which can be customized as per your requirements
- Free consultation with the lead analyst of the report
- Infographic Excel data pack, easy to analyze big data
- Robust and transparent research methodology
- Unmatched data quality and after-sales service
About Global Insight Services:
Global Insight Services (GIS) is a leading multi-industry market research firm headquartered in Delaware, US. We are committed to providing our clients with the highest-quality data, analysis, and tools to meet all their market research needs. With GIS, you can be assured of the quality of the deliverables, robust and transparent research methodology, and superior service.
Contact Us:
Global Insight Services LLC
16192, Coastal Highway, Lewes DE 19958
E-mail: [email protected]
Phone: +1-833-761-1700
Website: https://www.globalinsightservices.com/