In the pharmaceutical industry, health products are subject to multiple complex regulations. Further, certainly, a set of good practices must be valued throughout the life cycle and supply of drugs, particularly within the supply chain, such as good manufacturing practices, good distribution practices or pharmacovigilance requirements.

 

The use of blockchain in pharmaceutical supply chain will allow better visibility. This could facilitate the optimization of these flows of material and information and thus well-organized stock management. Moreover, a blockchain allows more precise visualization of a pharmaceutical product's expedition from the supplier of raw materials to patients through the digitalization of transactions which would recognize vulnerable links in the supply chain and reduce fraud and related costs.

 

Furthermore, stringent regulatory bodies/associations, complexity in the supply chain process, high costs, and low awareness level among the population may restrain the market growth during the forecast period.

 

Key Players

Some of the key players in the global 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.

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 global 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

On the bases of region, the global blockchain in pharmaceutical supply chain management market is segmented into the Americas, Europe, Asia-Pacific, and the Middle East & Africa. The Americas is expected to hold the largest market share and the Middle East & Africa with a low market share during the forecasted period.

 

Global 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 - Global Forecast till 2024: https://www.marketresearchfuture.com/reports/blockchain-pharmaceutical-supply-chain-management-market-8009