The global blockchain in pharma supply chain market is expected to grow at a compound annual growth rate of around 42% during the forecast period 2023-2028. This growth is attributed to the rising demand for efficient and secure pharmaceutical supply chain processes. Moreover, the cost effectiveness and improved transparency of the blockchain technology is further expected to fuel the market growth.
The blockchain technology simplifies data tracking and allows for the secure exchange of data between multiple parties. This helps pharmaceutical companies to track drugs from production to distribution and ensure the safety of products from counterfeiters. In addition, blockchain technology provides enhanced data security, improved efficiency, and cost reduction. Moreover, the technology eliminates the need for third-party intermediaries and adds transparency to the drug supply chain.
Major Players:
The key players operating in the blockchain in pharma supply chain market include IBM Corporation, Microsoft Corporation, Accenture, Oracle Corporation, SAP SE, AWS, Hashed Health, Blockpharma, Chronicled Inc., and Infosys. These players have adopted various strategies such as product launches, mergers & acquisitions, partnerships, collaborations, and joint ventures to strengthen their market foothold.
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The growing trend of digitalization and the increasing adoption of the internet of things (IoT) in the pharmaceutical industry is also expected to drive the market growth. Moreover, the increasing focus of the government and regulatory agencies on the development of secure and efficient drug supply chain processes is further expected to boost the market growth. Additionally, increasing investments in the development of blockchain technology by various public and private organizations is projected to propel the growth of the market.
However, lack of awareness and trust among stakeholders, and the high cost associated with the implementation of blockchain technology may hamper the market growth. Moreover, the absence of standard regulations and policies concerning the use of blockchain technology is further anticipated to restrain the market growth.
Market Dynamics:
The global blockchain in pharma supply chain market is segmented based on type, application, and region. By type, the market is categorized into public, private, and hybrid. By application, the market is divided into drug traceability, drug safety and compliance, clinical trials and R&D, and others. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Key Benefits for Blockchain in Pharma Supply Chain Market:
• This study presents the analytical depiction of the global blockchain in pharma supply chain market along with the current trends and future estimations to determine the imminent investment pockets.
• The overall market potential is determined to understand the profitable trends to gain a stronger foothold.
• The report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
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• The current market is quantitatively analyzed from 2020 to 2028 to highlight the financial competency of the market.
• Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.

Key Market Segments:
By Type
• Public
• Private
• Hybrid

By Application
• Drug Traceability
• Drug Safety and Compliance
• Clinical Trials and R&D
• Others

By Region
• North America
• Europe
• Asia-Pacific
• LAMEA
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TOC:
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand Side Trends
1.3. Supply Side Trends
1.4. Recommendation and Analysis
TOC Continued…
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