Block Chain in Healthcare Market Report 2025

This Block Chain In Healthcare market report covers market characteristics, size & growth, segmentation, regional & country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.

The block chain in healthcare market size has grown exponentially in recent years. It will grow from $2.23 billion in 2024 to $3.04 billion in 2025 at a compound annual growth rate (CAGR) of 36.4%. The growth in the historic period can be attributed to interoperability challenges, fraud prevention, patient empowerment, clinical trials and research, immutable record keeping.

The block chain in healthcare market size is expected to see exponential growth in the next few years. It will grow to $11.04 billion in 2029 at a compound annual growth rate (CAGR) of 38%. The growth in the forecast period can be attributed to tokenization of healthcare assets, decentralized clinical trials, personalized medicine, cross-border healthcare transactions, consent management. Major trends in the forecast period include personalized medicine advances, enhanced cybersecurity measures, rise of privacy-preserving technologies, integration with artificial intelligence, blockchain consortia in healthcare.

The increasing adoption of blockchain as a service (BaaS) is anticipated to drive the growth of the blockchain in healthcare market in the coming years. Blockchain technology offers innovative solutions to various challenges in the healthcare industry, such as supply chain management, smart contracts, safeguarding personal health information, addressing technical data management issues, enabling alternative payment models, and tracking virus outbreaks. For example, in October 2023, Emarketer, a New York-based market research subsidiary, reported that over a third (38%) of U.S. workers indicated blockchain technology is widely used in their companies, based on a February 2023 survey by EY. Additionally, 18% of respondents stated that it would take more than three years for widespread use within their firms, while 44% believed it would occur within three years.

The rise in cryptocurrency adoption is playing a significant role in driving the growth of the blockchain in the healthcare market. Cryptocurrency refers to any form of digital or virtual currency that utilizes cryptography to secure transactions. It relies on blockchain technology for security and functions as a decentralized currency, requiring blockchain devices for continuous operation. For example, in September 2024, Security.org, a U.S.-based organization, reported that awareness and ownership of cryptocurrency have reached record highs, with 40% of American adults now owning cryptocurrency, up from 30% in 2023, equating to roughly 93 million individuals. Therefore, the increase in cryptocurrency adoption is expected to boost the blockchain devices market.

Major companies in the blockchain in healthcare market are prioritizing strategic partnerships for contract management in the healthcare sector. For instance, in July 2023, Baptist Health, a US-based home healthcare services provider, partnered with MediLedger, a US-based pharmaceutical manufacturing firm, to lead a new era of contract management within healthcare. This collaboration aims to utilize MediLedger's blockchain technology to ensure accurate pharmaceutical pricing across its nine hospitals. With more than 400 purchasing locations and a wide range of products, the hospital system seeks to enhance communication and guarantee the timely receipt of negotiated prices, thereby improving transparency and efficiency in its procurement process.

Major companies in the blockchain in healthcare market are concentrating on technological advancements, such as artificial intelligence (AI) medical databases, to enhance patient care, improve diagnostic accuracy, streamline healthcare workflows, and securely manage patient data while ensuring compliance with regulatory standards. For example, in April 2023, the UAE’s Ministry of Health and Prevention (MoHAP) launched a blockchain-based platform designed to create a highly secure database of medical information, including patient details, doctors, medical centers, and pharmaceutical companies. This initiative is part of the government's efforts to fully integrate AI technology into healthcare throughout the Emirates and aligns with the UAE Centennial 2071 goals. Key collaborators in this effort include Dubai Healthcare City, the Ministry of Presidential Affairs, and various health authorities across the country.

Major companies operating in the block chain in healthcare market include International Business Machines Corporation (IBM), Factom Inc., Hashed Health LLC, Microsoft Corporation, iSolve Technologies Inc., Blockpharma Inc., Medicalchain. com Ltd, Guardtime Limited, Government e Marketplace, Patientory Inc., FarmaTrust, SimplyVital Health Inc., Akiri Inc., BurstIQ Inc., Professional Credentials Exchange Inc., Avaneer Health Inc., RoboMed Innovations, Embleema Inc., Coral Health Inc., PokitDok Inc., Briya Inc., Open Health Network, Labrys Inc., Tech Alchemy Limited, Cubix Corporation, SoluLab Inc., EncrypGen Inc., Clinicoin Inc., BlockPill Inc., DNAtix Ltd.

North America was the largest region in the blockchain in healthcare market in 2024. The regions covered in the block chain in healthcare market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Blockchain in healthcare refers to the application of blockchain technology for the secure storage, management, and exchange of medical information and health records. This decentralized, tamper-resistant ledger improves data integrity, safeguards patient privacy, optimizes processes, and promotes better collaboration among healthcare stakeholders. It facilitates the secure sharing of patient data across different systems while maintaining transparency and control, resulting in improved patient outcomes and a reduction in fraud.

The main types of blockchain in healthcare are permission blockchains and permissionless blockchains. Permissioned blockchains also called private blockchains that require prior approval before use and can be accessed by people who are allowed to access. These offer high customizability, access controls, better Scalability, depend on governance, and more efficient performance. The different deployment types include on-premises, and cloud-based, and are used in supply chain management, clinical data exchange and interoperability, claims adjudication and billing management, and others. The end-users of blockchain in healthcare include healthcare providers, pharmaceutical companies, healthcare payers, and others.

The blockchain in healthcare market research report is one of a series of new reports that provides blockchain in healthcare market statistics, including blockchain in healthcare industry global market size, regional shares, competitors with a blockchain in healthcare market share, detailed blockchain in healthcare market segments, market trends and opportunities, and any further data you may need to thrive in the blockchain in healthcare industry. This blockchain in healthcare market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The countries covered in the block chain in healthcare market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Canada, Spain.

The blockchain in the healthcare market includes revenues earned by entities by offering blockchain technology in healthcare services which includes providing digitally transformed processes of managing inventory, tracking supply chain, maintaining patient-centric electronic health records, medical staff credential verification, and IoT security for remote monitoring to transform healthcare by increasing the security, privacy, health information exchanges, and interoperability of health data. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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