Blockchain in Healthcare - Global Strategic Business Report

The global market for Blockchain in Healthcare was estimated at US$1.2 Billion in 2024 and is projected to reach US$13.0 Billion by 2030, growing at a CAGR of 49.0% from 2024 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions. The report includes the most recent global tariff developments and how they impact the Blockchain in Healthcare market.

Global Blockchain in Healthcare Market - Key Trends & Drivers Summarized

Why Is Blockchain Emerging as a Foundational Technology in Healthcare Innovation?

Blockchain technology is rapidly being embraced as a transformative force in healthcare, promising to address some of the most persistent challenges in the industry such as data fragmentation, security vulnerabilities, and inefficiencies in administrative processes. At its core, blockchain provides a decentralized, immutable ledger that enables secure and transparent data sharing across diverse healthcare stakeholders. This unique capability is particularly important in an environment where patient records, insurance claims, clinical trials, and supply chain data are typically siloed and difficult to reconcile. By enabling real-time access to tamper-proof information, blockchain enhances data integrity and facilitates interoperability between systems that traditionally have lacked seamless integration. The heightened need for cybersecurity and privacy in handling electronic health records (EHRs) is another major driver, with blockchain offering end-to-end encryption and verifiable access control that exceed current standards. As digital health services grow driven by telemedicine, wearables, and health apps blockchain presents a solution for managing the surge in sensitive health data being generated and shared across devices. Moreover, governments and regulatory bodies are increasingly recognizing the technology's potential, with several pilot programs and public-private partnerships being launched globally to test blockchain-based applications in health record management, drug traceability, and consent handling. As trust and transparency become critical pillars in healthcare transformation, blockchain is positioning itself not merely as an IT enhancement but as a foundational enabler of a new era in healthcare delivery.

How Are Blockchain Applications Evolving Across Different Healthcare Segments?

The scope of blockchain in healthcare is expanding rapidly, with applications emerging across multiple segments including patient data management, pharmaceutical supply chains, clinical trials, insurance, and provider credentialing. In the realm of patient records, blockchain facilitates the creation of longitudinal health records that patients can own, control, and share securely with multiple providers. This is particularly valuable in managing chronic diseases and coordinating care across specialties and geographic regions. In the pharmaceutical industry, blockchain is being deployed to combat counterfeit drugs by enabling end-to-end traceability of medications from manufacturer to pharmacy. Such transparency ensures authenticity, reduces fraud, and enhances drug recall efficiency. Similarly, blockchain is improving the integrity of clinical trials by providing immutable timestamped data for protocols, patient consent, and trial results ensuring regulatory compliance and minimizing the risk of data manipulation. In insurance, smart contracts are streamlining claims adjudication, automating approvals and payments while reducing fraud and administrative costs. Meanwhile, healthcare organizations are beginning to use blockchain to validate provider credentials and licensure in real-time, speeding up hiring and improving workforce mobility. These applications are not only improving efficiency but are also reshaping how trust is built and maintained across the healthcare ecosystem. As more healthcare entities adopt interoperable blockchain platforms, the technology is evolving from niche use cases to enterprise-wide integration, heralding a more collaborative, patient-centric, and.

How Do Regulatory Frameworks and Industry Collaboration Influence Blockchain Adoption?

The adoption of blockchain in healthcare is deeply influenced by regulatory frameworks, cross-sector collaboration, and the establishment of technical standards that enable interoperability and trust. As a highly regulated industry, healthcare must ensure that blockchain implementations comply with strict legal requirements such as HIPAA in the U.S., GDPR in Europe, and other regional data protection laws. These regulations necessitate careful design of blockchain architectures that can support privacy by design, selective data access, and right-to-be-forgotten functionalities capabilities that challenge the traditionally immutable nature of blockchain. To navigate these complexities, industry consortia such as the Synaptic Health Alliance and the MediLedger Project are emerging, bringing together insurers, providers, technology firms, and regulatory bodies to co-develop blockchain frameworks that meet compliance standards while maximizing innovation. Collaboration is also essential in creating common protocols for data exchange and system interoperability, which remain key barriers to large-scale deployment. Standards development organizations like HL7 and IEEE are working on incorporating blockchain into existing healthcare interoperability frameworks such as FHIR (Fast Healthcare Interoperability Resources). Government funding and sandbox initiatives are further accelerating blockchain experimentation in healthcare, helping mitigate risk and validate ROI. The ability of stakeholders to work collectively across competitive boundaries will largely determine how quickly blockchain can move from pilots to widespread adoption. In this context, regulatory clarity, stakeholder alignment, and scalable technical standards are becoming critical enablers that will shape the pace and scope of blockchain integration into mainstream healthcare operations.

What Key Factors Are Driving Growth in the Blockchain in Healthcare Market?

The growth in the blockchain in healthcare market is driven by several factors rooted in technology advancements, shifting industry priorities, and growing demand for data transparency and security. First and foremost, the explosion of digital health data from EHRs and remote monitoring devices to genomic databases requires robust, tamper-proof systems for storage, sharing, and access management, a need that blockchain is uniquely positioned to fulfill. Second, the rising incidence of data breaches and healthcare fraud is pushing institutions to seek more secure alternatives to traditional IT infrastructure, with blockchain offering real-time tracking and cryptographic safeguards that enhance auditability and trust. Additionally, the growing complexity of healthcare delivery marked by multi-provider care coordination, telemedicine expansion, and global supply chains demands a decentralized approach to data management that blockchain enables. Pharmaceutical companies, for example, are increasingly adopting blockchain to ensure transparency and traceability in drug manufacturing and distribution, especially in the wake of global supply chain disruptions. Another significant driver is the shift toward value-based care and patient-centric models, which require transparent data flows and verifiable patient outcomes functions that blockchain can support through smart contracts and immutable patient records. Venture capital investment and corporate R&D in blockchain healthcare startups are also accelerating innovation and deployment, particularly in markets such as the U.S., Europe, and Asia-Pacific. Finally, patient expectations are evolving, with more individuals demanding control over their health information and how it is used, prompting providers and payers to adopt solutions that empower patient agency. Together, these factors are creating a fertile environment for blockchain technologies to take root in healthcare, transforming it into a more secure, efficient, and trust-based system.

Key Insights:

• Market Growth: Understand the significant growth trajectory of the Private Network segment, which is expected to reach US$10.4 Billion by 2030 with a CAGR of a 51.8%. The Public Network segment is also set to grow at 40.4% CAGR over the analysis period.
• Regional Analysis: Gain insights into the U.S. market, valued at $312.2 Million in 2024, and China, forecasted to grow at an impressive 46.2% CAGR to reach $1.9 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Why You Should Buy This Report:

• Detailed Market Analysis: Access a thorough analysis of the Global Blockchain in Healthcare Market, covering all major geographic regions and market segments.
• Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
• Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Blockchain in Healthcare Market.
• Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

• How is the Global Blockchain in Healthcare Market expected to evolve by 2030?
• What are the main drivers and restraints affecting the market?
• Which market segments will grow the most over the forecast period?
• How will market shares for different regions and segments change by 2030?
• Who are the leading players in the market, and what are their prospects?

Report Features:

• Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2024 to 2030.
• In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
• Company Profiles: Coverage of players such as Accenture Plc, Akiri, Avaneer Health, Blockchain Labs, and more.
• Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Some of the 36 companies featured in this Blockchain in Healthcare market report include:

• Accenture Plc
• Akiri
• Avaneer Health
• Blockchain Labs
• Briya
• BurstIQ
• Change Healthcare
• Chronicled
• Doc.ai
• Embleema
• EncrypGen
• FarmaTrust
• Gem
• Guardtime
• IBM Corporation
• iSolve LLC
• Medicalchain
• Microsoft Corporation
• Nebula Genomics
• Patientory Inc.

This edition integrates the latest global trade and economic shifts as of June 2025 into comprehensive market analysis. Key updates include:

• Tariff and Trade Impact: Insights into global tariff negotiations across 180+ countries, with analysis of supply chain turbulence, sourcing disruptions, and geographic realignment. Special focus on 2025 as a pivotal year for trade tensions, including updated perspectives on the Trump-era tariffs.
• Adjusted Forecasts and Analytics: Revised global and regional market forecasts through 2030, incorporating tariff effects, economic uncertainty, and structural changes in globalization. Includes segmentation by product, technology, type, material, distribution channel, application, and end-use, with historical analysis since 2015.
• Strategic Market Dynamics: Evaluation of revised market prospects, regional outlooks, and key economic indicators such as population and urbanization trends.
• Innovation & Technology Trends: Latest developments in product and process innovation, emerging technologies, and key industry drivers shaping the competitive landscape.
• Competitive Intelligence: Updated global market share estimates for 2025, competitive positioning of major players (Strong/Active/Niche/Trivial), and refined focus on leading global brands and core players.
• Expert Insight & Commentary: Strategic analysis from economists, trade experts, and domain specialists to contextualize market shifts and identify emerging opportunities.
• Complimentary Update: Buyers receive a free July 2025 update with finalized tariff impacts, new trade agreement effects, revised projections, and expanded country-level coverage.