Blockchain in Healthcare Market Size, Share, Growth, Forecast 2034

Blockchain in Healthcare Industry Perspective:

The global blockchain in healthcare market size was worth around USD 832.00 million in 2024 and is predicted to grow to around USD 61111.67 million by 2034, with a compound annual growth rate (CAGR) of roughly 71.10% between 2025 and 2034.

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Blockchain in Healthcare Market: Overview

Blockchain in healthcare is a progressing technology that supports decentralized, immutable, and secure digital ledgers to enhance the management of medical data. It enables the secure sharing of patient records among healthcare providers, reduces fraud in domains such as insurance claims, supply chain tracking, and clinical trials, and enhances data integrity. The global blockchain in healthcare market is projected to witness substantial growth driven by the growing need for data security and privacy, rising adoption of electronic health records, and growing demand for efficient supply chain management. Healthcare data breaches are increasing worldwide, resulting in privacy concerns and financial losses. Blockchain’s encryption and decentralized architecture promise transfer and storage of sensitive patient data, fueling its adoption.

With more clinics and hospitals preferring digital records, blockchain offers a secure technique for maintaining tamper-proof and interoperable EHRs that can be shared with multiple healthcare providers. Blockchain also enables real-time tracking of medical and pharmaceutical supplies, thereby reducing counterfeit drugs and ensuring compliance with regulations, which is crucial for patient safety.

Although drivers exist, the global market is challenged by factors like high implementation and maintenance costs, as well as scalability challenges. Developing and maintaining blockchain networks for healthcare requires significant investment in infrastructure, training, and software, which restricts adoption in small providers. Moreover, handling vast quantities of healthcare data with blockchain could be resource-intensive and slow, offering difficulties for large-scale implementations. Furthermore, compliance with global healthcare regulations like GDPR, HIPAA, and other regional standards could be challenging, limiting the adoption.

Even so, the global blockchain in the healthcare industry is well-positioned due to blockchain in clinical trials, integration with healthcare IoT devices, and pharmaceutical supply chain transparency. Blockchain can improve patient consent management, transparency, and data integrity in clinical trials, increasing trust and decreasing costs. Secure data exchange between wearables, health platforms, and medical sensors can enhance patient monitoring and personalized care. Blockchain can prevent counterfeit drugs, promise regulatory compliance, and track product origin, benefiting patients and pharmaceutical manufacturers.

Key Insights:

• As per the analysis shared by our research analyst, the global blockchain in healthcare market is estimated to grow annually at a CAGR of around 71.10% over the forecast period (2025-2034)
• In terms of revenue, the global blockchain in healthcare market size was valued at around USD 832.00 million in 2024 and is projected to reach USD 61111.67 million by 2034.
• The blockchain in healthcare market is projected to grow significantly due to the increasing need to combat counterfeit drugs and healthcare fraud, the growing investment in healthcare IT infrastructure, and the rising awareness of data privacy and security.
• Based on network type, the private segment is expected to lead the market, while the public segment is expected to grow considerably.
• Based on application, the clinical data exchange & interoperability segment is the dominating segment. In contrast, the claims adjudication & billing segment is projected to witness sizeable revenue over the forecast period.
• Based on end-use, the healthcare providers segment is expected to lead the market compared to the healthcare payers segment.
• Based on region, North America is projected to dominate the global market during the estimated period, followed by Europe.

Blockchain in Healthcare Market: Growth Drivers

Which critical growth driver is substantially progressing the blockchain in healthcare market?

Administrative inefficiencies in claims processing, billing, and record-keeping cost the healthcare market billions yearly. Blockchain can automate verification, eliminate intermediaries, and reduce paperwork, significantly lowering operational costs. Deloitte predicts that blockchain adoption in healthcare may reduce administrative costs by nearly 30%, translating to billions of dollars in yearly savings. Recent pilot programs in the United States have adopted smart contracts for insurance claims, decreasing claim settlement time from weeks to just days. This cost-efficacy propeller is vital as healthcare providers experience pressure to enhance budgets while maintaining service quality, fueling the blockchain in healthcare market.

Patient-centric consent, data portability, and privacy spur the market growth

Patients expect simplified data portability; however, healthcare consent remains fragmented across various systems. The EU's European Health Data Space (EHDS) push in 2024 underscores the need for standardized and secure consent architectures. In the United States, ONC's information blocking norms and FHIR APIs enhance access, but government gaps remain in entities. Blockchain enables immutable consent records, revocations, and time-bound scopes, thereby offering patients control while ensuring compliance.

Blockchain in Healthcare Market: Restraints

How is the global blockchain in healthcare market restrained by performance and scalability issues?

Blockchain networks, especially public blockchains, usually face stability restrictions and slower transaction processing, which may hamper real-time healthcare operations. For example, managing millions of patient records or IoT-based medical data may stress traditional blockchain systems. News from Hyperledger in 2025 focused on the development of Layer-2 solutions to resolve throughput problems, but mainstream adoption is still restricted. Scalability issues continue to hinder the broader integration of blockchain in large healthcare networks.

Blockchain in Healthcare Market: Opportunities

How are clinical and pharmaceutical trial innovations creating promising avenues for blockchain in healthcare industry growth?

Blockchain can enhance clinical trials by promising transparency, verifiable data records, and secure patient consent. Pharmaceutical companies benefit from speedy regulatory approvals and decreased trial fraud. According to a 2024 Deloitte analysis, blockchain in clinical trials can reduce costs by 20-25% and amplify trial schedules by up to 30%. Companies like Pfizer and Boehringer Ingelheim have already started leveraging blockchain for trial data management, underscoring significant growth potential in research and development, positively impacting the blockchain in healthcare industry.

Blockchain in Healthcare Market: Challenges

Standardization and interoperability issues limit the market progress

The absence of global blockchain standards increases challenges to integrate solutions in multiple institutions and platforms. Disperse systems hinder smooth data exchange, thereby reducing the effectiveness of blockchain. A 2025 HIMSS survey stated that nearly 62% of healthcare executives identified issues as a key hindrance. Efforts by HL7 FHIR and ISO to prepare standardized protocols are continuing, but the adoption is lower, hampering the broader deployment of these protocols.

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Blockchain in Healthcare Market: Report Scope

Blockchain in Healthcare Market: Segmentation

The global blockchain in healthcare market is segmented based on network type, application, end use, and region.

Based on network type, the global blockchain in healthcare industry is divided into private, public, and others. The private blockchain segment holds a substantial market share due to its high security, compliance, and controlled access, as mandated by healthcare regulations such as GDPR and HIPAA. It permits only authorized participants, ensuring the secure storage of sensitive patient data while maintaining transparency in the network. Insurers and pharmaceutical companies are increasingly adopting private blockchains for handling EHRs, insurance claims, and supply chains effectively.

Based on application, the global blockchain in healthcare market is segmented as clinical data exchange & interoperability, claims adjudication & billing, supply chain management, and clinical trials & econsent. The clinical data exchange & interoperability segment holds the maximum market share since healthcare providers primarily need efficient and secure techniques to share patient records in labs, hospitals, and clinics. Blockchain promises data integrity, prevents unauthorized access, and supports real-time updates, which reduces errors and enhances patient care. This growth in telemedicine and electronic health records adoption propels the segmental dominance. Rising initiatives for standardized health data exchange worldwide continue to boost its prominence in the industry.

Based on end-use, the global market is segmented as healthcare providers, healthcare payers, biopharmaceutical & medical device companies, and others. The healthcare providers segment captures a dominating share because of the growing need for interoperable, efficient, and secure management of patient records in hospitals, diagnostic centers, and clinics. Blockchain helps providers maintain tamper-proof EHRs to assure real-time data access and enhance overall patient care. The rising adoption of remote patient monitoring, connected health solutions, and telemedicine further propels blockchain deployment among providers.

Blockchain in Healthcare Market: Regional Analysis

What gives North America a competitive edge in the global Blockchain in Healthcare Market?

North America is likely to sustain its leadership in the blockchain in healthcare market due to advanced healthcare infrastructure, higher adoption of blockchain technology, and rising demand for secure data management. North America holds a well-established healthcare infrastructure with extensive adoption of electronic health records and digital health solutions. According to recent data, over 85% of hospitals in the United States have installed EHR systems, creating a strong foundation for blockchain integration. This improved infrastructure facilitates secure data exchange and improves patient care efficacy, fueling the industry growth.

The region boasts a strong technology adoption culture, with several healthcare providers, startups, and insurers adopting blockchain in the healthcare industry in 2024, underscoring broader adoption. Early adoption by tech-savvy companies offers the region a competitive benefit in blockchain-based healthcare advancements.

The growing frequency of healthcare data breaches in the region has strengthened the demand for immutable and secure record-keeping solutions. In 2023, healthcare data breaches in the United States disclosed more than 50 million patient records, pushing providers to adopt blockchain for data integrity. This elevated awareness of security needs propels the industry dominance in the region.

Europe continues to secure the second-highest share in the blockchain in healthcare industry owing to rising digital healthcare adoption, growing focus on data security and privacy, and increasing demand for efficient healthcare operations. Europe has experienced substantial adoption of digital health solutions, comprising electronic health records, health applications, and telemedicine. Reports indicate that more than 70% of EU hospitals have installed EHR systems by 2024, creating a base for blockchain-based applications. This trend supports interoperability, secure data sharing, and enhanced patient care, fueling blockchain adoption in the region.

Stringent norms like GDPR force European healthcare providers to adopt transparent and secure data management solutions. Blockchain’s decentralized and immutable nature complies with these regulatory needs, increasing its preference for managing patient records, insurance claims, and clinical trials. This regulatory environment assures high trust in blockchain technologies.

Furthermore, insurers and healthcare providers are actively seeking solutions to lessen administrative costs, simplify supply chains, and prevent fraud. Blockchain adoption helps achieve these objectives by automating processes, maintaining tamper-proof records, and assuring transparency. Hence, Europe leads as a second dominating market worldwide.

Blockchain in Healthcare Market: Competitive Analysis

The leading players in the global blockchain in healthcare market are:

• Guardtime
• PokitDok
• Chronicled
• Factom
• Healthereum
• Hashed Health
• SimplyVital Health
• Medicalchain
• Solve.Care
• Tierion
• Patientory
• Gem Health
• Robomed Network
• Health Wizz
• Coral Health

Blockchain in Healthcare Market: Key Market Trends

Expansion in e-consent solutions and clinical trials:

Blockchain is being adopted to enhance data integrity, transparency, and patient consent management in clinical trials. Immutable ledgers facilitate accurate trial data, reduce fraud, and accelerate regulatory approvals, thereby increasing the reliability and efficiency of clinical research.

Rise of patient-centric data management:

Blockchain allows patients to share their medical records securely with healthcare researchers or providers. This trend empowers individuals, supports personalized healthcare, and facilitates data monetization models while maintaining compliance and privacy with regulations like GDPR and HIPAA.

The global blockchain in healthcare market is segmented as follows:

By Network Type

• Private
• Public
• Others

By Application

• Clinical Data Exchange & Interoperability
• Claims Adjudication & Billing
• Supply Chain Management
• Clinical Trials & eConsent

By End Use

• Healthcare Providers
• Healthcare Payers
• Biopharmaceutical & Medical Device Companies
• Others

By Region

• North America

  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa