Blockchain Technology 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

Market Overview

The Global Blockchain Technology in Healthcare Market, valued at USD 617.00 Million in 2024, is projected to experience a CAGR of 46.12% to reach USD 6005.42 Million by 2030. Blockchain technology in healthcare constitutes a decentralized digital ledger system meticulously designed to securely record and verify transactions across a network, thereby ensuring transparency, traceability, and immutable data integrity for critical medical information. This market's expansion is predominantly driven by the escalating imperative for enhanced data security and privacy protection against pervasive cyber threats, the urgent requirement for improved interoperability and seamless patient data sharing across disparate healthcare ecosystems, and the necessity for efficient pharmaceutical supply chain management to mitigate counterfeiting. According to the 2023 CAQH Index, administrative transaction costs within the U. S. healthcare system amounted to $89 billion, with an estimated $18.3 billion in annual savings achievable through the transition to fully electronic transactions, directly supporting the demand for such advancements.

However, a notable challenge impeding widespread market adoption is the inherent complexity of integrating blockchain solutions with existing legacy IT infrastructures and establishing standardized interoperability across diverse healthcare entities. This undertaking often necessitates substantial investment in both time and specialized expertise, which can present a barrier to accelerated market penetration.

Key Market Drivers

The two most significant drivers for the Global Blockchain Technology in Healthcare Market are the critical need for increased data security and privacy alongside the imperative for preventing drug counterfeiting and ensuring supply chain integrity. The escalating frequency and sophistication of cyber threats mandate robust solutions to protect sensitive patient information, which is highly valuable on illicit markets. According to The HIPAA Journal, in January 2025, its "2024 Healthcare Data Breach Report" stated that more than 275 million people had their data exposed, stolen, or impermissibly disclosed in 2024. Blockchain’s immutable ledger and encryption capabilities offer a decentralized framework for securing electronic health records and managing patient consent, thereby mitigating these pervasive risks and fostering trust.

Simultaneously, the widespread issue of counterfeit drugs presents a substantial threat to patient safety and pharmaceutical industry revenue, necessitating transparent and traceable supply chains. According to the World Health Organization (WHO), in August 2024, the global trade in counterfeit pharmaceuticals was estimated to be worth between $200 billion and $431 billion annually. Blockchain technology provides an immutable record of a drug’s journey from manufacturing to dispensation, allowing for real-time verification of authenticity and origin, thus safeguarding public health and protecting pharmaceutical brands. These intertwined challenges underscore blockchain’s direct utility in establishing a more secure and trustworthy healthcare ecosystem. The growing confidence in this technology is further evidenced by significant financial commitments. According to SQ Magazine, in October 2025, venture funding to blockchain-healthcare startups reached $2.5 billion in 2023. This investment reflects a concerted effort across the industry to leverage blockchain for foundational improvements in data handling and operational integrity.

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Key Market Challenges

A significant impediment to the widespread adoption of blockchain technology within the healthcare sector stems from the inherent complexity involved in integrating these advanced solutions with existing legacy IT infrastructures. This challenge is further compounded by the necessity of establishing standardized interoperability across diverse healthcare entities, which often operate on disparate systems and data formats. Such integration efforts are not only technically demanding but also require substantial time and specialized expertise, thereby creating a considerable barrier to accelerated market penetration.

The intricate nature of bridging novel blockchain platforms with entrenched, older systems necessitates extensive customization and development, diverting resources that could otherwise be allocated to innovation and deployment. This complexity directly hampers the growth of the Global Blockchain Technology in Healthcare Market by increasing initial implementation costs and prolonging deployment timelines for healthcare organizations. According to the Healthcare Information and Management Systems Society (HIMSS) 2024 survey, 41% of healthcare organizations identified integrating new solutions into existing workflows as a significant obstacle to improving interoperability and delivering a more connected care experience. This demonstrates the pervasive difficulty in achieving seamless data flow and system functionality, consequently slowing the adoption rate of blockchain solutions designed to enhance data security and interoperability.

Key Market Trends

Two significant trends are currently shaping the Global Blockchain Technology in Healthcare Market.

Converging artificial intelligence and blockchain technology is establishing a new paradigm for advanced health analytics, moving beyond basic data security to unlock actionable insights. The substantial volume and complexity of healthcare data necessitate sophisticated analytical approaches. In 2023, the Surescripts health information network processed 24 billion exchanges of clinical and benefit information in the U. S. , illustrating the vast datasets available for analysis. This convergence allows for the secure aggregation and analysis of diverse health data, enabling enhanced diagnostic accuracy and personalized treatment. In March 2024, Google Cloud launched Vertex AI Search for Healthcare, a generative AI tool designed to assist providers and life science organizations in leveraging clinical data more effectively by enabling natural language queries across various data sources.

The accelerated adoption of decentralized clinical trial (DCT) platforms is transforming pharmaceutical research by increasing patient accessibility and operational efficiency. DCTs leverage digital and remote technologies to reduce participant and site burden, thereby broadening recruitment pools and improving retention. According to data from the Tufts Center for the Study of Drug Development's (CSDD) PACT Consortium in January 2025, DCTs can achieve net financial benefits ranging from five to thirteen times for Phase II and Phase III trials, leading to approximately $10 million ROI for a Phase II trial. Medable, a clinical development technology provider, announced in January 2025 that its digital clinical trials platform had been deployed in nearly 400 trials across 70 countries, serving over one million patients globally.

Segmental Insights

The "Public" segment is the fastest-growing in the Global Blockchain Technology in Healthcare Market due to its transparent, open, and decentralized architecture, which significantly enhances data sharing and interoperability across public health ecosystems. This facilitates robust data integrity and security, addressing crucial requirements for managing sensitive public health records, tracking medical supplies, and ensuring accountability in large-scale initiatives. Governments and public health organizations are increasingly adopting this technology to meet the escalating need for secure, auditable, and efficient data management, thereby driving its rapid expansion in safeguarding public health information and streamlining operations. The cost-effectiveness of implementing public blockchain technology further contributes to its industry expansion. The Public segment is emerging as the fastest-growing in the Global Blockchain Technology in Healthcare Market due to its transparent, open, and decentralized architecture, which significantly enhances data sharing and interoperability across public health ecosystems. This facilitates robust data integrity and security, addressing crucial requirements for managing sensitive public health records, tracking medical supplies, and ensuring accountability in large-scale initiatives. Governments and public health organizations are increasingly adopting this technology to meet the escalating need for secure, auditable, and efficient data management, thereby driving its rapid expansion in safeguarding public health information and streamlining operations. The cost-effectiveness of implementing public blockchain technology further contributes to its industry expansion.

Regional Insights

North America leads the global blockchain technology in healthcare market due to a robust confluence of factors. The region benefits from stringent regulatory frameworks, such as the Health Insurance Portability and Accountability Act (HIPAA) in the U. S. and the Drug Supply Chain Security Act (DSCSA), which necessitate secure and transparent data management solutions that blockchain can provide for patient data security and supply chain integrity. Furthermore, North America possesses advanced healthcare infrastructure and a high volume of investments in health technology, fostering innovation and adoption. The presence of numerous leading healthcare institutions and technology firms actively integrating blockchain into operations further solidifies this dominance. These elements collectively propel the region's leadership in this transformative market.

Recent Developments

• In November 2024, the Ethiopia Food and Drug Authority (EFDA) partnered with Medical Value Chain to introduce a blockchain-based pharmaceutical tracking system. This collaboration was established to combat the distribution of counterfeit medicines and ensure the authenticity and safety of pharmaceutical products across Ethiopia's healthcare supply chain. The initiative represents a significant step in enhancing drug traceability and patient safety within the Global Blockchain Technology in Healthcare Market, particularly in emerging markets, by deploying a secure and verifiable tracking mechanism.

• In September 2024, IBM announced the expansion of its existing IBM Food Trust blockchain platform to incorporate pharmaceutical supply chain capabilities. This enhancement involved partnerships with major pharmaceutical companies to implement comprehensive drug traceability solutions. These solutions are designed to comply with FDA serialization requirements and provide real-time visibility throughout the pharmaceutical supply chain. This strategic move contributes to the Global Blockchain Technology in Healthcare Market by leveraging established blockchain infrastructure for improved drug authenticity and supply chain integrity.

• In July 2024, Microsoft launched Azure Blockchain Workbench for Healthcare, a specialized platform designed to assist pharmaceutical companies in implementing blockchain solutions. This new product is tailored for critical areas such as supply chain management, ensuring data integrity in clinical trials, and streamlining regulatory compliance reporting across global operations. The platform offers a structured environment for developing and deploying blockchain applications, directly impacting the Global Blockchain Technology in Healthcare Market by providing foundational technology for secure and transparent health data management.

• In June 2024, Chronicled Inc. collaborated with the Healthcare Distribution Alliance to develop industry-standard blockchain protocols. This partnership aimed to enhance pharmaceutical supply chain interoperability, enabling seamless and secure data exchange between manufacturers, wholesalers, and healthcare providers. The initiative specifically focused on maintaining robust data security and privacy controls within the pharmaceutical distribution network. This collaboration signifies a key development in the Global Blockchain Technology in Healthcare Market by fostering standardized, secure communication channels for sensitive medical product logistics.

Key Market Players

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

Report Scope:

In this report, the Global Blockchain Technology in Healthcare Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

• Blockchain Technology in Healthcare Market, By Type:

o   Public

o   Private

• Blockchain Technology in Healthcare Market, By Application:

o   Supply Chain Management

o   Data Exchange and Interoperability

o   Claims Adjudication and Billing

o   Others

• Blockchain Technology in Healthcare Market, By End User:

o   Pharmaceutical and Medical Device Companies

o   Healthcare Payers

o   Healthcare Providers

• Blockchain Technology in Healthcare Market, By Region:

o   North America

§  United States

§  Canada

§  Mexico

o   Europe

§  France

§  United Kingdom

§  Italy

§  Germany

§  Spain

o   Asia Pacific

§  China

§  India

§  Japan

§  Australia

§  South Korea

o   South America

§  Brazil

§  Argentina

§  Colombia

o   Middle East &Africa

Competitive Landscape

Company Profiles: Detailed analysis of the major companies presents in the Global Blockchain Technology in Healthcare Market.

Available Customizations:

Global Blockchain Technology in Healthcare Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

• Detailed analysis and profiling of additional market players (up to five).

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