Blockchain Technology In Healthcare Global Market Report 2025

The blockchain technology in healthcare market size has grown exponentially in recent years. It will grow from $3.86 billion in 2024 to $5.67 billion in 2025 at a compound annual growth rate (CAGR) of 46.7%. The growth during the historic period was driven by the increasing need for secure and tamper-resistant medical data storage, rising healthcare expenses, broader adoption of electronic health records, expanded use of telemedicine and digital health services, and the growing necessity for interoperability and efficient health data exchange.

The blockchain technology in healthcare market size is expected to see exponential growth in the next few years. It will grow to $25.99 billion in 2029 at a compound annual growth rate (CAGR) of 46.3%. The growth in the forecast period is expected to result from heightened concerns over data breaches and cyber threats within healthcare systems, increased investments in healthcare IT infrastructure, a rising number of clinical trials requiring transparent and verifiable data, greater emphasis on patient-centered care and data ownership, and strengthened government and regulatory backing. Key trends anticipated during this period include advancements in blockchain protocols, integration of blockchain with electronic health record (EHR) systems, development of decentralized identity frameworks, and improved blockchain-based supply chain management for pharmaceuticals.

The increasing frequency of healthcare data breaches is expected to drive the growth of the blockchain technology in healthcare market. Healthcare data breaches involve unauthorized access, exposure, or theft of sensitive patient data from healthcare systems, often leading to privacy violations, identity theft, and regulatory repercussions. These breaches are increasingly due to outdated security systems lacking modern encryption, timely updates, and advanced threat detection, leaving them exposed to cyber threats. Blockchain technology addresses these issues by offering decentralized data management, strong encryption, and controlled access, thereby improving data security, transparency, and trust. For example, in March 2025, the HIPAA Journal reported a record 168 million healthcare records exposed or stolen in 2023, up from 51.9 million in 2022 and 45.9 million in 2021. Hence, the rising number of healthcare data breaches is fueling market growth.

Companies in the blockchain healthcare market are focusing on launching advanced solutions such as blockchain-compliant ecosystems to strengthen data privacy, security, and interoperability. A blockchain-compliant ecosystem is a digital infrastructure designed to operate in a decentralized, transparent, and secure manner while aligning with blockchain standards and protocols. In March 2025, Circular Protocol, a Switzerland-based investment data platform developer, partnered with Arculus by CompoSecure, a US-based premium card manufacturer, to introduce the first blockchain-compliant healthcare ecosystem. This initiative, integrating Arculus’s physical authentication card with Circular’s MedTech device and IT Lab’s Smart Share platform, allows healthcare professionals and patients to securely verify and sign medical transactions on-chain without needing prior cryptocurrency experience.

In July 2024, Litehouse Health, a US-based healthcare staffing company, collaborated with BurstIQ Inc. to modernize clinical staffing through blockchain and AI integration. The partnership aims to enhance the staffing process by combining Litehouse Health’s AI-driven clinician marketplace with BurstIQ’s blockchain-based data management platform, offering greater flexibility for clinicians and providing healthcare institutions with secure, real-time access to qualified personnel. BurstIQ Inc. develops decentralized platforms for managing and sharing healthcare data using blockchain technology.

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 Health Inc., 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., and BurstIQ Inc.

North America was the largest region in the blockchain technology in healthcare market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in blockchain technology in healthcare report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The countries covered in the blockchain technology in healthcare market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Blockchain technology in healthcare involves the application of a decentralized and tamper-resistant digital ledger system to securely manage, share, and exchange medical and patient information among different stakeholders. It also empowers patients by allowing them to control access to their health data, while maintaining clear, traceable records of how their information is utilized.

The primary components of blockchain technology in healthcare include software, hardware, and services. Software comprises the applications and platforms designed to facilitate secure data exchange, accurate record-keeping, and decentralized handling of health-related information. These platforms function across various network models, including public, private, and hybrid blockchains, and support a range of applications such as clinical data exchange and interoperability, claims processing and billing, supply chain oversight, clinical trials, and electronic consent. The software is utilized by a variety of end users, including healthcare providers, pharmaceutical companies, insurance firms, and research organizations.

The blockchain technology in healthcare market research report is one of a series of new reports that provides blockchain technology in healthcare market statistics, including blockchain technology in healthcare industry global market size, regional shares, competitors with a blockchain technology in healthcare market share, detailed blockchain technology in healthcare market segments, market trends and opportunities, and any further data you may need to thrive in the blockchain technology in healthcare industry. This blockchain technology in healthcare market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The blockchain technology in healthcare market consists of revenues earned by entities by providing secure patient data management, electronic health records (EHR) sharing, and identity verification. The market value includes the value of related goods sold by the service provider or included within the service offering. The blockchain technology in healthcare market also includes sales of biometric authentication devices, cold chain monitoring sensors, and edge computing devices. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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