What has been the Historical and Current Market Size Analysis for Blockchain in Healthcare?
The blockchain in healthcare market has seen substantial expansion in recent years.
• In 2024, the market size was $2.23 billion, which grew to $3.04 billion in 2025 with a robust compound annual growth rate (CAGR) of 36.4%.
The growth during this time has been greatly facilitated by interoperability challenges, fraudulent activity prevention, patient empowerment, clinical trials and research, and immutable record keeping.
How is the Blockchain in Healthcare Market Projected for the Future?
The forecast for the blockchain in healthcare market points to an exponential growth trend over the next few years.
• By 2029, the market is expected to be worth an impressive $11.04 billion, with a CAGR of 38.0%.
This significant growth can be attributed to the tokenization of healthcare assets, decentralized clinical trials, personalized medicine, cross-border healthcare transactions, and consent management. Moreover, major trends including advanced personalized medicine, enhanced cybersecurity measures, the emergence of privacy-preserving technologies, and integration with artificial intelligence will further influence market dynamics.
What Are the Key Market Drivers for Blockchain in Healthcare?
The increasingly widespread adoption of Blockchain as a Service (BaaS) is set to continue driving the growth of the blockchain in healthcare market forward. It provides solutions to the multitude of challenges faced by the healthcare industry such as supply chain management, smart contracts, preserving the confidentiality of health information, dealing with technical issues related to data management, enabling alternative payment models, and tracking virus outbreaks. For instance, according to Emarketer, a third (38%) of US workers claimed that their firms commonly use blockchain technology, as stated in a February 2023 poll by EY.
How is the Blockchain in Healthcare Market Segmented?
The blockchain in healthcare market report segments the market based on:
1) By Type: Permission Blockchains, Permissionless Blockchains
2) By Deployment Type: On-Premise, Cloud-Based
3) By Application: Supply Chain Management, Clinical Data Exchange And Interoperability, Claims Adjudication And Billing Management, Other Applications
4) By End User: Healthcare Providers, Pharmaceutical Companies, Healthcare Payers, Other End-Users
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What Emerging Trends Are Impacting the Blockchain in Healthcare Market?
Major companies in the blockchain in healthcare market are turning to strategic partnerships for improved contract management. In July 2023, Baptist Health, a US-based home health care services company, partnered with MediLedger, a US-based pharmaceutical manufacturing company, to utilize its blockchain technology to ensure accurate pricing across its nine hospitals. The healthcare provider is striving to enhance efficiency and transparency in its procurement process.
Who Are the Key Players Guiding the Blockchain in Healthcare Market?
Major players driving innovation in the blockchain in healthcare 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.
Which Region Dominates the Blockchain in Healthcare Market?
In 2024, North America was the largest region in the blockchain in healthcare market. The report also covers other regions including Asia-Pacific, Western Europe, Eastern Europe, South America, the Middle East, and Africa.
