Blockchain In Healthcare Market Size, Share, and Trends 2025 to 2034

Blockchain In Healthcare Market Size and Forecast 2025 to 2034

The global blockchain in healthcare market size was accounted for USD 9.56 billion in 2024 and is anticipated to reach around USD 193.43 billion by 2034, growing at a CAGR of 35.08% from 2025 to 2034. The rising adoption of the digitization across the healthcare industry and the demand for the efficient medical data storage system or technology is driving the growth of the market. 

Blockchain In Healthcare Market Key Takeaways

• North America dominated the blockchain in healthcare market with revenue share of 43% in 2024.
• Asia Pacific expects significant growth in the market during the forecast period.
• By network type, the public segment dominated the market in 2024.
• By network type, the private segment expects significant growth in the blockchain in healthcare market during the forecast period.
• By application, the supply chain management segment led the market in 2024.
• By application, the data exchange and interoperability segment accounted for the substantial growth in the market during the predicted period.
• By end-user, the pharmaceutical & medical device companies segment accounted largest share in 2024.
• By end-user, the healthcare payers segment expecting a significant growth in the market during the forecast period.

How Can AI Impact the Blockchain in Healthcare Market?

The integration of AI into healthcare is revolutionalize the overall healthcare applications. The AI and blockchain are one of the revolutionary technologies which are associated with the healthcare industry. while the blockchain used to store and manage all the clinical or healthcare data and the integrated AI technology enhance the decision making process for analysis of large quantity of data. The integration of AI into the healthcare enhance the efficiency of the healthcare applications. 

For Instance, 

• In September 2024, XRP Healthcare launched the XRPH AI Chatbot, an efficient tool that made to provide personalized healthcare advice based on users requirement. It is the significant step towards the integration of AI and blockchain into its operations

U.S. Blockchain In Healthcare Market Size and Growth 2025 to 2034

The U.S. blockchain in healthcare market size was evaluated at USD 2.88 billion in 2024 and is predicted to be worth around USD 59.32 billion by 2034, rising at a CAGR of 35.33% from 2025 to 2034. 

North America dominated the blockchain in healthcare market with revenue share of 43% in 2024. The growth of the market is attributed to the regional countries are the early adopter of technologies in every field of industries. The increasing evaluation of the healthcare sector and the integration of modernization with technological association such as blockchain, automation, artificial intelligence, and other for improving the overall operational efficiency of the industry is driving the growth of the market. Additionally, the rising investment on the technological development and the continuous research and development program on the expanding healthcare efficiencies are collectively driving the growth of the blockchain in healthcare market in the region. 

For Instance, 

• In 2022, there are 58.5% of the U.S. adults internet or technologies to look for medical and health information. 

Europe held a notable share in the market in 2024. The European countries are one of the significant contributors on the expansion of the healthcare technologies. The region is widely accepted the blockchain in healthcare for maintaining and managing the data storage and supply with the transparency and traceability which contribute in the growth of the blockchain in healthcare market in the region. 

Asia Pacific expects significant growth in the market during the forecast period. The growth of the market is attributed due the continuous rise in the population and the demand for the healthcare sector with more efficiency and transparency is driving the demand for the blockchain into the healthcare sector. The increasing investment by the leading market players and the government agencies on the expansion of healthcare sector with integrating smart technologies are accelerating the growth of the blockchain in healthcare market across the region. 

For Instance, 

• The Healthcare industry in India is growing with the rapid pace with reached value of US$372 billion driven by both the private sector and the government in 2023.
• The telemedicine market is anticipated to reach about US$ 5.4 billion by 2025 due to the rising demand for the technological advancements and remote healthcare solutions. 
• The e-health market size is expected to reach US$ 10.6 billion by 2025

Market Overview

The blockchain is one of the efficient technology that used in the healthcare industry in the wide range of applications including clinical trial, enhancing safety, patient monitoring, display information and transparency. Blockchain in healthcare effectively manages the financial and clinical data of patient and reduce the cost and time of the data storage and transformation. The blockchain is used to do complex coding for every individuals medical data to prevent sensitive information and data leakage. The increasing automation and digitization across the healthcare sector for increasing the operational output is driving the growth of the market.

Blockchain In Healthcare Market Growth Factors

• Rising healthcare sector: The rapid growth in the healthcare sector across the world owing to the rising population, increasing demand, prevalence of the chronic illness, geriatric population, environmental disease, and others that created the large number of clinical data that drives the demand for the market. 
• Technological association: The technological integration in the healthcare application, the modernization of industry for improving the operational efficiency, result outcomes, and transparency, and the demand for the clinical data security is driving the growth of the market. 
• Government interventions: The increasing government interventions in the development of the healthcare sector with the heavy investment on infrastructural and technological development and continuous R&D activities in the healthcare technologies are driving the growth of the blockchain in healthcare market. 

Market Scope

Market Dynamics

Driver

The integration of blockchain helps in enhancing healthcare operations

The adaptation of technologies into the healthcare operations or applications for enhancing its efficiency is driving the growth of the market. blockchain is uses in the wide range of healthcare applications such as patient data management, store clinical trail, pharmaceutical supply chain, telemedicine and remote monitoring, interoperable health data exchange, healthcare payments, and tracking doctors and health workers credentials. The blockchain enhance the cost efficiency, increase data security, enhance transparency, and efficient claim processing that enhance overall profitability and growth of the healthcare industry. 

Restraint

High cost

the increasing cost of the healthcare technologies and higher implementation cost of blockchain into the existing healthcare system and the unavailability of the professionals are limiting the growth of the market. 

Opportunity

Enhancing investment in healthcare technologies

The growing healthcare industry owing to the increasing prevalence of the chronic disease in the population and the demand for the technological integration in clinical application is driving the larger investment by the stakeholders or the government agencies. Furthermore, the rising research and development program in the technological advancements and emerging healthcare technologies are emerging as the potential opportunity for the market. 

Network Type Insights

The public segment dominated the blockchain in healthcare market in 2024. The rising deployment of the public blockchain in healthcare owing to its transparency and these type of network allows access information such as supply chain management, patient records, medical data to all the participants. The increasing demand for the healthcare data security, enhance transparency and traceabilty, efficient supply chain management is driving the demand for the public network blockchain technology in healthcare. 

The private segment expects significant growth in the market during the forecast period. the increasing adoption of the private network due to its enhance safety features and properties that makes its ideal for preventing the sensitive clinical information of patients. The private blockchain limits the accessibility of the authorized participants only. These network restraint the data breaches and unauthorized access. Private blockchain also benefits in the applications like immutable and auditable records, secure data sharing, consent management, smart contracts for compliance automation, and data integrity and non-repudiation. 

Application Insights 

The supply chain management segment led the blockchain in healthcare market in 2024. The blockchain technology is efficiently helps in managing all the information in the healthcare supply chain by increasing interoperability, security, and data integrity. In the supply chain management application blockchain provides the continuous audit to timely actions. It enables real-time availability for the better communication. 

The data exchange and interoperability segment accounted for the substantial growth in the blockchain in healthcare market during the predicted period. the increasing use of blockchain in the healthcare data and exchange due to its seamless transfer of assets and data. The blockchain interoperability is used to interact of connect different blockchain systems, conduct transaction, and share information with one another in healthcare. It provides the several benefits to the such as enhance functionality, flexibility, and increase the adaptation of blockchain technology. 

End-User Insights 

The pharmaceutical & medical device companies segment accounted for the largest share in 2024. The adaptation of the blockchain into the pharmaceutical industry aims to increase transparency and traceability within industry. The integration of blockchain into the pharmaceutical industry is transforming the supply chain management, patient safety, and data integrity. It improves the quality management of the clinical data with association with different features such as decentralization, immutability, smart contracts, transparency, traceability, and data security. The blockchain enhance the transparency and traceability in operations which enhance patient safety, counterfeit drug mitigation, regularity compliance, data integrity, and quality assurance. 

For Instance, 

• IBM’s Drug Supply Chain Application partnered with the global pharmaceutical companies, in which the IBM’s blockchain offers transparency and visibility over the drug supply chain. There real time tracking provides the quality standards assurance, maintain the risk associated with the substandard products, and stands for recall when required. The collaboration enhance the regularity compliance and patient safety.

The healthcare payers segment expecting a significant growth in the blockchain in healthcare market during the forecast period. The healthcare payers includes the different agencies or institutes such as government agencies, and insaurance companies. There are the large number of healthcare payers are adopting the blockchain technology for enhancing trasperancy, maintaining operations, and minimize the risk of fraud. The rising investment in the latest technologies by the leading healthcare payers and the digitization and automation across the healthcare operations are driving the expansion of the blockchain technology in healthcare industry. 

Blockchain in Healthcare Market

• IBM
• iSolve, LLC
• Guardtime
• Oracle
• Solve. Care
• BurstIQ
• Change Healthcare
• Blockpharma
• Medicalchain SA

Latest Announcement by Industry Leaders

• In December 2024, IBM and Illinois Governor JB Pritzker announced the strategic partnership to introduce the new National Quantum Algorithm Center in Chicago’s Illinois Quantum and Microelectronics Park (IQMP). 
• In July 2024, Oracle was named as the leading platform in the three reliable analyst reports: the 2024 Gartner® Magic Quadrant™ for Supply Chain Planning Solutions, the 2024 Gartner® Magic Quadrant™ for Transportation Management Systems, and the 2024 Gartner® Magic Quadrant™ for Warehouse Management Systems.

Recent Developments

• In July 2024, Algorand Foundation's India initiative, ‘AlgoBhara’ developing the digital health passport in partnering with Lok Swasthya SEWA. The company signed the Memorandum of Understanding (MoU) providing blockchain-based solution to users with secure and immutable record of their verified credentials.
• In November 2024, The Ethiopia Food and Drug Authority (EFDA) comes into the partnership with the Medical Value Chain (MVC) for the implementation of revolutionary blockchain-enabled pharmaceutical track-and-trace system across Ethiopia. 

Segments Covered in the Report 

Network Type Insights

• Public
• Private
  • Consortium
  • Fully private

Application Insights

• Supply Chain Management 
• Data Exchange & Interoperability 
• Claims Adjudication & Billing
• Others

End-User Insights

• Pharmaceutical & Medical Device Companies 
• Healthcare Payers
• Healthcare Providers
• Other 

Regional Insights

• North America 
  • U.S.
  • Canada
• Europe 
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Sweden
  • Denmark
  • Norway
• Asia Pacific 
  • China
  • Japan
  • India
  • South Korea
  • Thailand
• Latin America 
  • Brazil
  • Mexico
  • Argentina
• Middle East and Africa (MEA) 
• • South Africa
  • UAE
  • Saudi Arabia
  • Kuwait