Blockchain in Healthcare Market to grow with a CAGR of 13.41% through 2030

Development of internet-of-healthcare system using blockchain and rising incidence of healthcare data breaches is expected to drive the Global Blockchain in Healthcare Market growth in the forecast period, 2026-2030.

According to TechSci Research report, “Blockchain in Healthcare Market - Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2030F”, the Blockchain in Healthcare Market stood at USD 1.10 Billion in 2024 and is anticipated to grow with a CAGR of 13.41% through 2030. The surge in data breaches has emerged as a primary catalyst propelling the adoption of blockchain within the healthcare sector, positioning it at the forefront of industry trends. With medical databases increasingly targeted by cybercriminals seeking to exploit or trade healthcare data for profit, blockchain emerges as a vital solution. Moreover, the escalating prevalence of counterfeit drugs underscores the imperative for blockchain , offering robust safeguards for supply chain management against fraudulent products. Consequently, the integration of blockchain into healthcare systems drives growth within the Blockchain in Healthcare Market. Nonetheless, market expansion encounters obstacles due to the absence of standardized protocols and the intricate nature of the technology. Conversely, ongoing technological breakthroughs present lucrative opportunities for major players to invest in the Blockchain in Healthcare Market market.

The mounting incidence of data breaches, coupled with the imperative to address these vulnerabilities, stands as a pivotal factor propelling market growth. Noteworthy strategic initiatives by industry leaders, coupled with the imperative to combat drug counterfeiting and enhance health data management, drive the widespread adoption of blockchain . As the sector evolves, the healthcare blockchain market is poised for robust growth, buoyed by the increasing embrace of blockchain as a service (BaaS). Blockchain solutions offer versatile applications addressing diverse challenges in healthcare, spanning supply chain management, smart contracts, individual health data privacy, data management complexities, varied payment models, and disease outbreak tracking. Significant technological advancements are actively reshaping the landscape of blockchain in healthcare, with key industry players focusing on pioneering technical solutions to meet escalating demand and fortify their market positions.

A significant hurdle confronting the healthcare sector revolves around the need for a dependable system and enhanced understanding of blockchain's potential. Despite widespread blockchain applications in the BFSI sector, negative media portrayals of bitcoin have impeded market expansion. The COVID-19 pandemic has, however, catalyzed the global Blockchain in Healthcare Market, fostering accelerated adoption, particularly within the healthcare domain. A multitude of enterprises are actively championing blockchain-driven initiatives in healthcare to streamline operations and bolster efficiency.

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The Global Blockchain in Healthcare Market is segmented into type, application, end user, regional distribution, and company.

Based on type, the public blockchain category is showing the fastest growth in the blockchain in healthcare market. This type of blockchain is gaining momentum because it offers a high level of transparency, decentralization, and accessibility—key features that align well with the growing need for secure and tamper-proof data sharing in healthcare systems. Public blockchains allow multiple stakeholders, including hospitals, research institutions, patients, and regulators, to access and verify health data without relying on a single central authority. This openness helps in creating trustworthy systems for managing medical records, verifying drug authenticity, and improving supply chain traceability. These benefits are particularly appealing in a sector like healthcare, where data integrity and collaboration across organizations are crucial. As digital health technologies advance, there is increasing interest in using public blockchain frameworks for applications such as patient consent management, electronic health record interoperability, and real-time clinical trial tracking. Their decentralized nature not only supports cross-border collaboration but also reduces the risk of data manipulation or loss.

Based on Region, Asia Pacific have emerged as the fastest growing region in Global Blockchain in Healthcare Market during the forecast period. The Asia Pacific region is undergoing rapid technological advancements and digital transformation across various sectors, including healthcare, fostering an environment conducive to the integration of cutting-edge technologies such as blockchain. With a sizable and diverse population, the region presents both opportunities and challenges for healthcare systems. Blockchain holds promise in addressing some of these challenges by enhancing data management, transparency, and interoperability among different healthcare stakeholders. Moreover, there is a growing awareness among governments, healthcare providers, and patients in the Asia Pacific region regarding the potential advantages of blockchain in healthcare. Governments are initiating initiatives to promote the adoption of digital health technologies, including blockchain, to enhance healthcare delivery and outcomes. 

Major companies operating in Global Blockchain in Healthcare Market are:

• IBM Corporation
• Patientory Inc.
• iSolve Technologies Private Limited
• Solve.Care Foundation OÜ
• Oracle Corporation
• Change Healthcare 
• BurstIQ, LLC
• Medicalchain SA
• Guardtime
• Blockpharma 

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“In recent years, there has been a significant surge in the adoption of blockchain technology, driven by advancements in technology and the growing demand for secure methods of patient recruitment, retention, and data management in drug discovery and clinical trials. Integrating blockchain into drug discovery operations is poised to improve the overall drug development process by enabling traceability in the drug supply chain and detection of counterfeit drugs and medications. The popularity of blockchain has grown exponentially, offering the potential to revolutionize the healthcare sector by providing a reliable option for storing and exchanging data within the industry. Moreover, it offers a swift solution for tracking and authenticating medical shipments and drugs throughout the supply chain and logistics operations. Additionally, it facilitates the consolidation of longitudinal patient records, including disease registries, laboratory results, and treatment-related data”, said Mr. Karan Chechi, Research Director of TechSci Research, a research-based management consulting firm.

“Blockchain in Healthcare Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Type (Public, Private), By Application (Supply Chain Management, Data Exchange and Interoperability, Claims Adjudication and Billing, Others), By End User (Pharmaceutical and Medical Device Companies, Healthcare Payers, Healthcare Providers), By Region and Competition, 2020-2030F”, has evaluated the future growth potential of Global Blockchain in Healthcare Market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Global Blockchain in Healthcare Market.

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