Blockchain Technology in Healthcare Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2020-2030F

Public is the fastest growing segment, North America is the largest regional market

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 6.00 billion 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.

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.

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.

Key Market Trends

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.

Key Market Players Profiled:

• 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:

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:

• North America
• Europe
• Asia-Pacific
• South America
• Middle East &Africa

Competitive Landscape

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

Available Customizations:

With the given market data, the publisher 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).

This product will be delivered within 1-3 business days.