Blockchain-based Electronic Health Record Market Gains Traction with IBM and Google Cloud Innovations

InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the " Blockchain-based Electronic Health Record Market- (By Component (Software, Services, Hardware), By Deployment Mode (On-Premise, Cloud-Based, Hybrid), By Blockchain Type (Private, Public, Consortium, Others), By End-User (Hospitals and Clinics, Research Institutions, Pharmaceutical Companies, Patients, Insurance Providers)), Trends, Industry Competition Analysis, Revenue and Forecast To 2034."

According to the latest research by InsightAce Analytic, the Blockchain-based Electronic Health Record Market is valued at USD 1.14 in 2024, and it is expected to reach USD 15.07 Bn by the year 2034, with a CAGR of 29.8% during the forecast period of 2025-2034.

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Blockchain technology offers significant enhancements to the privacy and security of electronic health records (EHRs) through its decentralized and tamper-resistant architecture. By distributing data across a secure ledger, blockchain minimizes the risk of unauthorized access and data breaches, thereby strengthening the integrity and confidentiality of patient information. This approach enables patients to maintain control over their personal health data while allowing authorized healthcare providers secure, real-time access when necessary, promoting more efficient and coordinated care delivery.

The market for blockchain-based EHR systems is expanding, driven by the rising adoption of digital health services, increasing demand for secure and transparent data management solutions, and heightened regulatory focus on healthcare data protection. Furthermore, blockchain's ability to ensure the immutability of health records enhances trust among stakeholders and reduces vulnerabilities associated with conventional data storage systems. The growing emphasis on improving patient outcomes, operational efficiency, and cost reduction in healthcare further supports the advancement and adoption of blockchain-based EHR solutions across the industry.

List of Prominent Players in the Blockchain-based Electronic Health Record Market:
• Medicalchain
• IBM Corporation
• Factom
• Patientory
• BurstIQ
• Guardtime
• Solve.Care
• Healthereum
• Chronicled
• Change Healthcare
• Hashed Health
• Doc.ai

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Market Dynamics
Drivers:
A primary driver of the blockchain-based electronic health records (EHR) market is the technology's robust capacity to ensure secure and tamper-proof storage of medical data. Rising concerns regarding data breaches and cyber threats have heightened the demand for advanced security solutions in healthcare. Blockchain technology addresses these challenges by offering a decentralized and immutable ledger system that effectively safeguards patient data against unauthorized access and manipulation. Each transaction or update to a health record is cryptographically sealed, rendering past data virtually unalterable. This ensures a high level of trust, transparency, and auditability throughout the healthcare ecosystem, meeting the pressing need for secure and efficient data management systems.

Challenges:
Despite its potential, the adoption of blockchain-based EHR systems faces several critical challenges. Healthcare data systems and regulatory frameworks vary significantly across regions and providers, complicating the implementation of standardized blockchain platforms. Blockchain's effectiveness is heavily dependent on unified data standards and interoperable technical frameworks-factors that remain inconsistent across the global healthcare landscape. Moreover, the integration of blockchain-based EHR solutions demands substantial initial investment in IT infrastructure, system integration, and personnel training, which may be prohibitive for small and mid-sized healthcare providers. Additionally, the absence of harmonized international regulations regarding data ownership, privacy (e.g., GDPR, HIPAA), and cross-border data exchange presents significant compliance and operational hurdles, potentially constraining market growth.

Regional Trends:
North America is expected to hold a dominant share of the blockchain-based EHR market in terms of revenue. The region benefits from well-established healthcare infrastructure, favorable regulatory frameworks, and a growing demand for secure, interoperable health data systems. In the United States, the market is further supported by initiatives aimed at enhancing data security and ensuring compliance with HIPAA regulations through the integration of blockchain technologies.

Europe is projected to experience the fastest growth during the forecast period. Increasing investments by healthcare organizations in blockchain technology to develop privacy-compliant and secure digital infrastructure will continue to drive market expansion. Countries such as Germany, the United Kingdom, and Switzerland are adopting blockchain for improved patient data management and streamlined healthcare operations, thereby fueling the growth of the European blockchain-based EHR market.

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Recent Development:
• April 2025: IBM invested $150 billion over five years to accelerate technological innovation in the United States, including advancements in blockchain-based healthcare solutions. IBM's dedication to enhancing data security and interoperability in the healthcare sector is demonstrated by this initiative.
• July 2024: Google Cloud and Patientory worked together to integrate Patientory's blockchain-enabled health data management systems. Using scalable, secure cloud architecture to deliver patient-centered care is the aim.

Segmentation of Blockchain-based Electronic Health Record Market-
By Component-
• Software
• Services
• Hardware
By Deployment Mode-
• On-Premise
• Cloud-Based
• Hybrid
By Blockchain Type-
• Private
• Public
• Consortium
• Others
By End-User-
• Hospitals and Clinics
• Research Institutions
• Pharmaceutical Companies
• Patients
• Insurance Providers
By Region-
North America-
• The US
• Canada
Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe
Asia-Pacific-
• China
• Japan
• India
• South Korea
• South East Asia
• Rest of Asia Pacific
Latin America-
• Brazil
• Argentina
• Mexico
• Rest of Latin America
Middle East & Africa-
• GCC Countries
• South Africa
• Rest of the Middle East and Africa

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About Us:
InsightAce Analytic is a market research and consulting firm that enables clients to make strategic decisions. Our qualitative and quantitative market intelligence solutions inform the need for market and competitive intelligence to expand businesses. We help clients gain competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets and repositioning products. Our expertise is in providing syndicated and custom market intelligence reports with an in-depth analysis with key market insights in a timely and cost-effective manner.

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This release was published on openPR.