Blockchain in Healthcare Market Size, Share, Trends, Industry Analysis, and Forecast (2025 – 2031)

Blockchain in Healthcare Market Size

The blockchain in healthcareglobal market size was valued at $5.41 billion in 2025 and is projected to reach $69.42 billion by 2031, growing at a CAGR of 53.0% during the forecast period.

Blockchain in Healthcare Market Overview

The Blockchain in Healthcare Market is rapidly evolving, leveraging the unique capabilities of blockchain technology to address critical challenges in the healthcare sector. This technology enhances data security, privacy, and interoperability, allowing for secure sharing of medical records among various stakeholders while maintaining patient consent.

Companies can benefit from blockchain by improving supply chain transparency, ensuring the authenticity of pharmaceuticals, and streamlining processes such as patient identity verification and claims processing through smart contracts. Additionally, blockchain facilitates the creation of patient-centric electronic health records (EHRs), enabling patients to control their own health data and share it selectively with providers or researchers. The decentralized nature of blockchain also minimizes the risk of data breaches and fraud, thereby enhancing trust among patients and healthcare providers.

Blockchain in Healthcare Market Dynamics

The blockchain in healthcaremarket is expected to witness significant growth in the future due to the increasing adoption of Electronic Health Records (EHR), growing concerns regarding data privacy and security, and demand for effective supply chain management. However, the high initial implementation costs, lack of standardization and interoperability among different blockchain platforms, and scalability challenges in implementing blockchain solutions across diverse healthcare systems are restraining the growth of the market.

Furthermore, improved clinical trial processes through secure and transparent data management, increased investment from public and private sectors, and development of smart contracts for automating insurance claims and supply chain settlements are the key trends propelling the blockchain in healthcaremarket.

Increasing Adoption of Electronic Health Records (EHR) is Driving the Blockchain in Healthcare Market

The increasing adoption of Electronic Health Records (EHR) is significantly impacting the Blockchain in Healthcare market, by enhancing data security, interoperability, and patient control over their health information.

• For instance, Medicalchain, which focuses on blockchain-enabled EHRs, allows patients to manage their medical records securely while providing healthcare providers with a comprehensive view of patient data. This enhances the quality of care and ensures that patients can consent to share their information selectively.
• In March 2023, Solve.Care launched Care.Chain, a decentralized blockchain infrastructure that facilitates secure interactions among healthcare participants, further demonstrating the integration of blockchain with EHR systems.

Government initiatives also support this trend;

• For example, the HITECH Act in the United States encourages the use of technology to improve healthcare delivery, aligning with blockchain's capabilities to enhance EHR systems.

Additionally, the European Commission's Blockchain Observatory and Forum promotes collaboration and favorable regulatory conditions for blockchain adoption in healthcare. These initiatives are crucial as they provide a framework for integrating blockchain solutions that address existing challenges in EHR interoperability and data security, ultimately driving growth in the Blockchain in Healthcare market.

By End-User, the Biopharmaceutical and Medical Device Companies Segment is projected to be the Largest Segment in the Blockchain in Healthcare Market

Biopharmaceutical and medical device companies are the largest segment in the blockchain in healthcaremarket, driven by the need for enhanced supply chain transparency, security, and regulatory compliance. Biopharmaceutical companies face complex supply chains that require secure tracking of drugs and medical devices to prevent counterfeiting and ensure patient safety.

• For instance, in January 2022, NHS Wales partnered with Roche Diagnostics and Digipharm to implement a blockchain platform aimed at improving healthcare outcomes through better data management and traceability.
• Additionally, in September 2022, the Mayo Clinic adopted a blockchain-powered platform developed by Triall for managing clinical trial data, ensuring data integrity and transparency throughout the process.

These initiatives reflect a growing recognition among biopharmaceutical companies of blockchain's potential to streamline operations and enhance trust in the healthcare system, ultimately driving significant growth in this market segment.

By Geography, Asia PacificHolds the Largest Share in the Market Revenue

Asia Pacific holds the largest share of the blockchain in healthcaremarket, driven by rapid technological advancements, government initiatives, and the pressing need for secure data management solutions.

• In April 2019, Countries like Japan are at the forefront, with companies such as Susmed Inc. launching pilot projects to integrate blockchain with mobile health applications for secure clinical data monitoring.
• In July 2022, Solve.Care partnered with eMediHealth to expand its blockchain healthcare platform in South Korea, showcasing the region's commitment to leveraging blockchain for enhanced healthcare delivery.

Meanwhile, in China, significant strides are being made;

• For instance, in May 2021, Tencent collaborated with Waterdrop to implement blockchain technology for medical and insurance solutions within its WeChat platform, aiming to streamline medical billing processes.

The Chinese government is also actively piloting projects focused on drug traceability and improving medical record sharing among institutions. The combination of these initiatives reflects a broader trend in the Asia Pacific region where governments and companies are increasingly recognizing blockchain's potential to address critical challenges such as data privacy, interoperability, and supply chain inefficiencies, thereby driving substantial growth in this market.

Key Target Audience:

• Healthcare Providers
• Pharmaceutical Companies
• Healthcare Payers
• Regulatory Bodies
• Technology Companies
• Research Institutions

List of the Key Players Profiled in the Report Includes:

• IBM
• Microsoft
• Accenture
• Guardtime
• Hashed Health
• Patientory
• Factom
• Chronicled
• SimplyVital Health
• Blockpharma
• Tierion
• MedRec

Recent Developments:

• In February 2025, Microsoft open-sourced its Confidential Consortium Framework (CCF) v5.0 enabling the creation of permissioned, enterprise-grade blockchain networks for use cases including secure health-record sharing.
• In March 2024, Microsoft announced new collaborations aimed at improving productivity and efficiency for healthcare providers. They highlighted the deployment of AI solutions like Nuance's Dragon Ambient eXperience (DAX) Copilot, which automates clinical documentation and enhances patient care. This initiative also includes the introduction of healthcare data solutions in Microsoft Fabric for better data management and analytics.

Market Segmentation:

The research report includes in-depth coverage of the industry analysis with size, share, and forecast for the below segments:

Market by, Network Type:

• Public
• Private
• Hybrid
• Other Network Types

Market by, Application:

• Claims Adjudication & Billing
• Clinical Data Exchange & Interoperability
• Clinical Trials & eConsent
• Supply Chain Management
• Securing Patient Data
• Drug Traceability & Safety
• Other Applications

Market by, End-User:

• Healthcare Industry
• Pharmaceutical Industry
• Government Organizations and Universities
• Healthcare Payers & Providers
• Biopharmaceutical & Medical Device Companies
• Other End-Users

Market by, Geography:

The blockchain in healthcaremarket report also analyzes the major geographic regions and countries of the market. The regions and countries covered in the study include:

• North America (The United States, Canada, Mexico), Market Estimates, Forecast & Opportunity Analysis
• Europe (Germany, France, UK, Italy, Spain, Rest of Europe), Market Estimates, Forecast & Opportunity Analysis
• Asia Pacific (China, Japan, India, South Korea, Australia, New Zealand, Rest of Asia Pacific), Market Estimates, Forecast & Opportunity Analysis
• South America (Brazil, Argentina, Chile, Rest of South America), Market Estimates, Forecast & Opportunity Analysis
• Middle East & Africa (UAE, Saudi Arabia, Qatar, Iran, South Africa, Rest of Middle East & Africa), Market Estimates, Forecast & Opportunity Analysis

The report offers insights into the following aspects:

• Analysis of major market trends, factors driving, restraining, threatening, and providing opportunities for the market.
• Analysis of the market structure by identifying various segments and sub-segments of the market.
• Understand the revenue forecast of the market for North America, Europe, Asia-Pacific, South America, and Middle East & Africa.
• Analysis of opportunities by identification of high-growth segments/revenue pockets in the market.
• Understand major player profiles in the market and analyze their business strategies.
• Understand competitive developments such as joint ventures, alliances, mergers and acquisitions, and new product launches in the market.