Global Blockchain Technology In Healthcare Market Growth Accelerates: Strategic Forecast Predicts $25.78 Billion by 2029

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What Will the Blockchain Technology In Healthcare Industry Market Size Be by 2025?
The valuation of the blockchain technology within the healthcare sector has seen a massive surge lately; projecting forward, this market is anticipated to expand from its current worth of $3.86 billion in 2024 to reach $5.66 billion the following year, reflecting a robust compound annual growth rate (CAGR) of 46.4%. This substantial expansion observed historically is fueled by several key factors, including a heightened requirement for reliable and immutable storage solutions for medical information, escalating apprehensions regarding security breaches and cyber threats targeting healthcare infrastructures, the broader integration of electronic health records, the proliferation of telemedicine and various digital health offerings, and the critical necessity for enhanced interoperability and effortless sharing of vital health data.

What's the Long-Term Growth Forecast for the Blockchain Technology In Healthcare Market Size Through 2029?
Anticipated to experience rapid expansion shortly, the market encompassing blockchain technology within the healthcare sector is projected to reach a substantial valuation of $25.78 billion by the year 2029, achieving an impressive compound annual growth rate of 46.1% throughout the forecast duration. This upward trajectory finds its basis in several key factors, notably the escalating expenses associated with healthcare provision, greater capital allocation toward modernizing healthcare IT frameworks, the mounting requirement across clinical studies for data that possesses inherent transparency and meticulous traceability, an intensified emphasis on placing the patient at the core of care coupled with bolstering data autonomy, and augmenting backing from governmental bodies and regulatory entities. During this same period, significant shifts shaping the landscape will involve progress in blockchain protocol sophistication, the merging of blockchain capabilities with established electronic health record (EHR) systems, the creation of novel decentralized identification methodologies, and enhancements in utilizing blockchain mechanisms to streamline and secure the pharmaceutical supply chain.

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What Are the Key Growth Drivers Fueling the Blockchain Technology In Healthcare Market Expansion?
Mounting instances of compromised healthcare data are anticipated to fuel the expansion of the blockchain technology within the healthcare sector moving forward. These security incidents, which involve illicit entry, disclosure, or pilfering of confidential patient details from medical infrastructures, frequently lead to breaches of privacy, identity fraud, and punitive regulatory actions. The surge in these data compromises stems from antiquated security setups, which typically miss contemporary encryption standards, essential software patches, and sophisticated methods for spotting dangers, rendering them highly susceptible to cyber assaults and unauthorized retrieval of sensitive patient records. Blockchain solutions in healthcare prove effective in countering the rising tide of these data breaches by establishing decentralized ledgers, bolstering encryption, and ensuring regulated entry to sensitive patient specifics, consequently enhancing both security levels and procedural openness and confidence. As an illustration, the HIPAA Journal, a publication originating from the United States, reported in March 2025 that healthcare data compromises hit an all-time peak in 2023, where 168 million records were either exposed or illegally acquired, significantly overshadowing the 51.9 million incidents documented in 2022 and the 45.9 million noted during 2021. Consequently, the escalating frequency of compromised healthcare information acts as a major impetus for the advancement of the blockchain technology market as applied to healthcare.

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What Are the Key Trends Driving Blockchain Technology In Healthcare Market Growth?
Leading organizations within the blockchain technology sphere serving the healthcare sector are currently engaged in creating sophisticated technological frameworks, notably blockchain-compatible environments for medical data, with the primary goals of bolstering data protection, confidentiality, and seamless data exchange across disparate healthcare systems. A healthcare ecosystem that aligns with blockchain standards signifies a digital groundwork built upon blockchain's core tenets and technical mandates, thereby ensuring that all functional elements within that environment operate with decentralization, openness, and robust security. Illustrating this progress, in March of 2025, Circular Protocol, a Swiss firm specializing in investment data management platforms, forged a strategic alliance with Arculus by CompoSecure, a United States-based producer of high-end payment cards, to introduce the inaugural blockchain-adherent ecosystem specifically designed for healthcare service providers, intending to elevate the safeguards around data, improve transparency, and protect patient confidentiality. This integration involves linking Arculus's tangible verification card with Circular's medical technology apparatus and the Smart Share solution from IT Lab, enabling medical practitioners and those under their care to confidently authenticate and affix digital signatures to healthcare-related transactions directly on the ledger, entirely independent of any prerequisite understanding of cryptocurrencies.

How Is the Blockchain Technology In Healthcare Market Segmented?
The blockchain technology in healthcaremarket 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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Which Companies Are Leading the Charge in Blockchain Technology In Healthcare Market Innovation?
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.

Which Regions Are Leading the Global Blockchain Technology In Healthcare Market in Revenue?
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.

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