Press release
Blockchain in Healthcare Market to Surpass USD 14.8 Billion by 2034
Blockchain in Healthcare
Pune, India, November 2025 - According to Exactitude Consultancy, the Global Blockchain in Healthcare Market is projected to reach USD 14.8 billion by 2034, growing at a robust CAGR of 38.1% from 2025 to 2034. Blockchain technology-long associated with cryptocurrency-is now transforming health data management, clinical research transparency, and drug traceability by providing secure, decentralized digital ecosystems.
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The healthcare sector's increasing reliance on digital systems has created unprecedented challenges related to data integrity, interoperability, and cybersecurity. Blockchain's distributed ledger model is emerging as a foundational technology to ensure trust, compliance, and real-time patient data access across global healthcare networks.
Key Takeaways
• Market Size: USD 850 million in 2024 → projected USD 14.8 billion by 2034
• CAGR: 38.1% (2025-2034)
• Primary Growth Drivers: Rising healthcare data breaches, increasing use of blockchain in clinical trials, and digitization of health supply chains
• Top Companies: IBM Corporation, Microsoft, Oracle Corporation, Guardtime, BurstIQ, Change Healthcare, Medicalchain, Patientory, Chronicled, and Hashed Health
• Leading Regions: North America holds ~42% market share; Asia-Pacific shows fastest CAGR ( Less than 40%)
Market Story
Blockchain technology is reshaping healthcare by introducing trust, transparency, and tamper-proof recordkeeping across patient data management systems. Hospitals and insurers are adopting blockchain to streamline claims processing, prevent fraud, and facilitate secure interoperability between electronic health records (EHRs).
In clinical research, blockchain ensures the immutability of trial data, reducing instances of manipulation and improving regulatory auditability. Pharmaceutical companies are leveraging blockchain for end-to-end drug traceability, ensuring authenticity and minimizing counterfeiting risks-a critical factor in the global supply chain.
Meanwhile, startups and tech giants are integrating AI, IoT, and blockchain to create hybrid platforms for predictive analytics, smart contracts, and decentralized clinical intelligence, making the technology a cornerstone of future digital health ecosystems.
Market Segmentation
By Application:
• Clinical Data Exchange & Interoperability
• Supply Chain Management
• Clinical Trials & Research
• Claims Adjudication & Billing
• Drug Discovery & Development
• Healthcare Data Security
By Type:
• Public Blockchain
• Private Blockchain
• Consortium/Hybrid Blockchain
By End User:
• Hospitals & Healthcare Providers
• Pharmaceutical & Biotechnology Companies
• Health Insurance Companies
• Research Institutes
• Government Agencies
By Region:
• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East & Africa
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Recent Developments
• October 2025: IBM Watson Health launched a blockchain-based Global Patient Identity Network (GPIN) to streamline patient identity verification across borders.
• August 2025: Change Healthcare partnered with Amazon Web Services (AWS) to deploy blockchain solutions for real-time claims management.
• June 2025: Microsoft Azure Blockchain Service integrated with Epic Systems EHRs to enable decentralized clinical data exchange among U.S. hospitals.
• April 2025: Guardtime expanded its KSI blockchain platform for vaccine authentication and supply chain transparency in collaboration with the European Medicines Agency.
• February 2025: BurstIQ introduced an AI-enhanced blockchain data marketplace enabling secure exchange of anonymized patient datasets for research.
Expert Insight
"Blockchain is moving from proof-of-concept to enterprise-scale adoption in healthcare," said Dr. Nina Carver, Senior Digital Health Analyst at Exactitude Consultancy. "Its ability to ensure transparency, compliance, and trust across healthcare networks makes it essential for the next decade of digital transformation."
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Market Drivers
• Rising incidences of healthcare data breaches and patient privacy concerns
• Increasing adoption of blockchain for interoperability and clinical transparency
• Growing integration with AI, IoT, and smart contracts in digital healthcare platforms
• Government and regulatory initiatives promoting digital trust infrastructure
Forecast and Regional Outlook
North America dominates due to strong digital health infrastructure, regulatory clarity around data protection (HIPAA, GDPR alignment), and active blockchain pilot programs by major healthcare systems. Europe follows closely with its focus on interoperable EHR systems and decentralized clinical research frameworks.
Asia-Pacific is forecast to record the fastest CAGR (Less40%), driven by emerging digital health ecosystems in India, China, and South Korea. The region is witnessing increased blockchain investments for pharma logistics, hospital data exchange, and telehealth integration.
Government & Institutional Initiatives
• U.S. FDA's DSCSA Program leverages blockchain for pharmaceutical traceability and counterfeit prevention.
• European Commission funds the EBSI Health Initiative under Horizon Europe for cross-border medical data sharing.
• India's Ministry of Electronics & IT (MeitY) launched the National Blockchain Strategy 2030 focusing on secure healthcare recordkeeping.
• Singapore HealthTech Agency implemented blockchain-enabled health certificates for cross-border patient travel.
Conclusion
The Blockchain in Healthcare Market is accelerating toward a new phase of decentralized, secure, and patient-centric healthcare operations. As interoperability, trust, and data privacy take center stage, blockchain's integration with AI and IoT will define the future of digital health governance and transparency across clinical and administrative workflows.
This report is also available in the following languages : Japanese (ヘルスケア市場におけるブロックチェーン), Korean (헬스케어 시장의 블록체인), Chinese (医疗保健市场中的区块链), French (Marché de la blockchain dans le secteur de la santé), German (Blockchain im Gesundheitswesen), and Italian (Blockchain nel mercato sanitario), etc.
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About Us
Exactitude Consultancy is a market research & consulting services firm which helps its client to address their most pressing strategic and business challenges. Our market research helps clients to address critical business challenges and also helps make optimized business decisions with our fact-based research insights, market intelligence, and accurate data.
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