According to the Centers for Disease Control and Prevention, about half of all Americans have been prescribed a medication of some kind, and at least 25 percent have been prescribed at least three – the operative word here being “prescribed,”as opposed to “use.” Between 20 and 30 percent of those prescriptions are never filled, and [...]
As much as blockchain has been making its presence felt in the insurance sector in recent years, it is expected to become that much greater moving forward. Juniper Research confirms as much in a recent report entitled “Blockchain in Financial Services: Key Opportunities, Vendor Strategies & Market Forecasts, 2021-2030.” Blockchain, an immutable digital ledger that [...]
Wearables – especially those used for medical purposes – are becoming increasingly prominent, but so too are the security and privacy risks associated with them. According to Fortune Business Insights, the global wearable medical device market, which stood at $29.76 billion in 2019, is expected to mushroom to $195 billion by 2027, a staggering compound [...]
As of Jan. 5, 2022, over 400,000 clinical trials were being conducted somewhere in the world, according to ClinicalTrials.gov. Such trials offer invaluable insights into new treatment regimens, new medications and new devices, while at the same time making available to patients certain treatments that are not otherwise accessible to them. Clinical trials have in [...]
Even before the pandemic, it was evident that blockchain technology was going to make a significant impact on the healthcare industry, including the supply chain. One study showed that the market for blockchain within the industry, worth $176.8 million in 2018, is expected to expand to $5.61 billion by 2025. While that study took into [...]
As in other industries, cyberattacks are of the utmost concern in the healthcare sector. According to the U.S. Department of Health and Human Services’ Office for Civil Rights, data breaches have steadily increased over the last several years, and in 2020 there were more than there had ever been -- 642. Further, those statistics, which [...]
Blockchain, a decentralized, tamper-proof digital ledger, is most often associated with cryptocurrencies, but in reality it has wide application, extending to such fields as content distribution, real estate and even elections. There are those who believe, however, that healthcare looms as the ultimate use case for blockchain -- that its impact will be felt by [...]
To say that DeFi underwent a boom at the start of 2021 is technically accurate -- but it doesn’t quite convey the scope. In 2019, the DeFi market encompassed $40 million. By the beginning of this year, the total value had spiked to over $40 billion. This niche market has proven its mettle and then [...]
Could blockchain offer the boost telemedicine needs to reach its potential? Over the past several decades, digitally-facilitated medicine has made significant inroads into mainstream medicine, expanding access to care, improving health outcomes, and lowering costs for patients and providers alike -- and yet, adoption is far lower than it should be. According to one study [...]
When it comes to conversations about the potential benefits of blockchain, most people tend to veer towards two topics: bitcoin and cybersecurity. For those of us in the healthcare sector, however, the technology’s value goes far beyond the asking price of the latest cryptocurrency or the ability to create a near-unbreakable encryption wall. Instead, advances [...]