Target Market
The CARE’s first target segment will be cryptocurrency holders and those who are interested in advancing technology such as blockchain. The number of crypto wallet users currently surpasses 68 million and continues to grow each year.
The growth in the blockchain market size is also expected to be significant, increasing from approximately $3 billion in 2020 to approximately $39.7 billion in 2025. Although the market is currently in a downturn, partly caused by the FTX collapse, the market is expected to rally gradually in coming years. Also, blockchain technology is predicted to be implemented in various industries in the future.
And even more significant growth is predicted to happen in the medical industry. In Japan, where our clinics are located, the medical market size in 2030 is estimated to be about $477 billion, whereas the medical market size in 2020 was about $338.2billion.
According to a report by Mizuho Bank's Industry Research Division, the market size of the healthcare industry (*1) in 2018 was approximately $424 billion. The market size of the entire healthcare industry in 2040 is estimated to be worth $771 billion.
(*1)Here, the healthcare industry means medical-related industries (pharmaceuticals and medical devices) and businesses newly entering healthcare services other than diagnosis and treatment businesses (For example, an IT-based health management service and a preventive healthcare service).
When we look at the global market, the size of the global pharmaceutical market in 2019 is estimated to be $1,250.4 billion. Among the countries making up this market, the largest ones are the United States, the top five European countries, China, and Japan in order of market size, starting from the top. And according to KPMG Japan, the market size of the global medical device industry in 2015 was about $301 billion in terms of sales, but it was expanded to about $399.2 billion in 2020. Furthermore, it is currently predicted to expand to $512 billion in 2025 and $655 billion in 2030.
This growth is attributed to extended longevity, aging populations, and economic development as we can see worldwide right now. The more money we spend on health care services, the longer we live, and the longer we live, the more often we will need medical care. Considering this cycle, the healthcare market is predicted to further expand in the future. This means, making the healthcare industry more efficient would bring numerous benefits to countless people.
It will be significant if people are able to manage their medical records for the coming 20 or 30 years and use them in various situations. We think it will be highly effective if people are able to manage and disclose their medical records of their own accord even at times when their lifestyle changes in various ways, such as moving abroad.
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