The Blockchain Technology In Healthcare Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Blockchain Technology In Healthcare Market?
In recent years, the market size for blockchain technology in healthcare has expanded dramatically. It is projected to rise from $3.86 billion in 2024 to $5.67 billion in 2025, indicating a compound annual growth rate (CAGR) of 46.7%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Blockchain Technology In Healthcare Industry?
The Blockchain Technology In Healthcare Global Market Report 2025 projects that by 2029, the market size will reach $25.99 billion, growing at a compound annual growth rate (CAGR) of 46.3%.
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What are the Key Growth Drivers Fueling the Blockchain Technology In Healthcare Market?
The key drivers in the blockchain technology in healthcare market are:
• Rising healthcare costs prompting need for efficient systems
• Increasing investments in healthcare IT infrastructure
• The demand for transparent and traceable data in increasing number of clinical trials
• Growing focus on patient-centric care, data ownership, and increased government and regulatory support.
Global Market Segmentation: Identifying Major Blockchain Technology In Healthcare Industry Segments
The blockchain technology in healthcare market covered in this report is segmented –
1) By Component: Software, Hardware, Services
2) By Network Type: Public Blockchain, Private Blockchain, Hybrid Blockchain
3) By Application: Clinical Data Exchange And Interoperability, Claims Adjudication And Billing, Supply Chain Management, Clinical Trials And eConsent, Other Applications
4) By End User: Healthcare Providers, Pharmaceutical Companies, Insurance Companies, Research Institutions
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What are the Emerging Trends Shaping the Future of the Blockchain Technology In Healthcare Market?
The key trends in the blockchain technology in healthcare market are:
• Advancements in blockchain protocols are a significant trend shaping the market.
• The integration of blockchain technology with Electronic Health Record (EHR) systems is emerging as an influential factor.
• The development of decentralized identity solutions is another notable trend.
• Advancements in blockchain-enabled supply chain management for pharmaceuticals are gaining prominence.
Who Are the Top Competitors & Leading Players in the Blockchain Technology In Healthcare Market?
Major players in the blockchain technology in healthcare market are:
• Microsoft Corporation
• International Business Machines Corporation
• Oracle Corporation
• Medtronic PLC
• Quest Diagnostics Incorporated
• Sotatek Holdings
• Akiri Inc
• iSolve LLC
• PokitDok Inc
• Avaneer HealthInc
• Intellectsoft LLC
• DNAtix Ltd
• Equideum Health
• FarmaTrust
• PATIENTORY INC
• Coral Health Inc
• Embleema Inc
• EncrypGen Inc
• Factom Inc
• Guardtime Limited
• Hashed Health LLC
• Labrys Inc
• SimplyVital Health Inc
• BurstIQ Inc
Regional Dominance: Which Area Leads the Global Blockchain Technology In Healthcare Market?
North America was the largest region in the blockchain technology in healthcare market in 2024
