Blockchain Technology In Healthcare Market Size Projected To Reach 25.99 Billion By 2034 With A Cagr Of 46.3%

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What Is the Projected Growth of the Blockchain Technology In Healthcare Market?
The dimension of the healthcare market for blockchain technology has seen a remarkable expansion in the last few years. The prediction indicates an increase from $3.86 billion in 2024 to $5.67 billion in 2025, with a compound annual growth rate (CAGR) of 46.7%. The historic period's growth grounds on the surging requirement for safe and unalterable medical data storage, amplified worries relating to data breaches, and cyberattacks in healthcare systems. Other growth drivers pertain to increased utilization of electronic health records, an uptrend in the employment of telemedicine and digital health services, and a rising requirement for interoperability and faultless health data exchange.

The market size of blockchain technology in healthcare is predicted to undergo a surge in the coming years, escalating to $25.99 billion in 2029 with a compound annual growth rate (CAGR) of 46.3%. This predicted expansion in the forthcoming period is linked to surging healthcare expenses, amplified investments in healthcare IT framework, an increasing count of clinical tests demanding clear and traceable data, an increasing emphasis on patient-centered care and data possession, along with amplified governmental and regulatory backing. Key trends to observe during this forecast period encompass enhancements in blockchain protocols, consolidation of blockchain with electronic health record (EHR) systems, progress in decentralized identity solutions, and improvements in blockchain-powered supply chain control for pharmaceuticals.

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What Are the Different Blockchain Technology In Healthcare Market Segments?
The blockchain technology in healthcare market covered in this report is segmented -

1) By Component: Software, Hardware, Services
2) By Network Type: Public Blockchain, Private Blockchain, Hybrid Blockchain
3) By Application: Clinical Data Exchange And Interoperability, Claims Adjudication And Billing, Supply Chain Management, Clinical Trials And eConsent, Other Applications
4) By End User: Healthcare Providers, Pharmaceutical Companies, Insurance Companies, Research Institutions

Subsegments:
1) By Software: Blockchain Platforms, Smart Contracts, Data Security And Encryption Solutions, Healthcare Information Systems
2) By Hardware: Blockchain Nodes, Cryptographic Hardware, Internet Of Medical Things (IoMT) Devices
3) By Services: Blockchain Consulting, Blockchain Integration And Development, Blockchain As A Service (BaaS), Managed Services, Support And Maintenance Services

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What Are the Primary Drivers Shaping the Blockchain Technology In Healthcare Market?
The surge in healthcare data breaches is anticipated to spur the blockchain technology's expansion in the healthcare sector. Healthcare data violation implies illicit access, disclosure, or pilfering of confidential patient details from healthcare networks, frequently leading to breaches of privacy, identity theft, and regulatory implications. The rise in healthcare data breach incidents can be attributed to outmoded security infrastructure, often devoid of contemporary encryption standards, timely software renewal, and sophisticated threat detection approaches, rendering them immensely susceptible to cyber onslaughts and unauthorized access to crucial patient data. Blockchain technology proves beneficial in healthcare for tackling the escalating instances of healthcare data breaches by offering a decentralized, robust encryption and regulated access to critical patient information, thereby enhancing security, accountability, and confidence. For example, as reported by the HIPAA Journal, a US-based log, in March 2025, healthcare data breaches hit an all-time high with 168 million records exposed or pilfered in 2023, surpassing 51.9 million in 2022 and 45.9 million captured in 2021. Hence, the rising frequencies of healthcare data breaches are propelling the progress of blockchain technology in the healthcare market.

Which Companies Are Leading in the Blockchain Technology In Healthcare Market?
Major companies operating 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 HealthInc, 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., BurstIQ Inc.

What Trends Are Expected to Dominate the Blockchain Technology In Healthcare Market in the Next 5 Years?
Leading firms in the healthcare blockchain technology market are honing their focus on creating cutting-edge solutions, such as ecosystems compliant with blockchain standards for the healthcare industry, to boost data protection, privacy, and system compatibility within healthcare frameworks. A blockchain-compliant ecosystem signifies a digital landscape that aligns with the standards and technical prerequisites of blockchain technology, ensuring all the internal systems and processes are operating in a secure, transparent, and decentralized fashion. For instance, in March 2025, Switzerland-based company, Circular Protocol, which specialises in developing investment data management platforms, collaborated with Arculus by CompoSecure, a US firm known for manufacturing high-end financial cards. Their joint effort resulted in the debut of the first-ever blockchain-compliant ecosystem tailored specifically for healthcare providers. This innovation aims to improve data protection, transparency, and patient confidentiality. By incorporating Arculus's physical validation card with Circular's MedTech device and the Smart Share platform by IT Lab, medical professionals and their patients now have the ability to securely authenticate and digitally endorse medical transactions on-chain without any need for understanding cryptocurrency.

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What Are the Top Revenue-Generating Geographies in the Blockchain Technology In Healthcare Market?
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 the blockchain technology in healthcare market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Blockchain Technology In Healthcare Market?
2. What is the CAGR expected in the Blockchain Technology In Healthcare Market?
3. What Are the Key Innovations Transforming the Blockchain Technology In Healthcare Industry?
4. Which Region Is Leading the Blockchain Technology In Healthcare Market?

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