Blockchain in Healthcare Market

Market Size

The global blockchain in healthcare market valued at USD 78 million in 2025, is project to reach USD 96 million in 2026 and USD 641 million by 2035, representing a higher CAGR of 23.5% during the forecast period 2026 to 2035.

Market Report: Key Takeaways

Market Size & Trends

• In terms of type of blockchain, the private blockchain segment holds the highest share (~40%) of the market.

• With regards to type of end-user, the hospitals segment dominates the global market with 35% market share.
• In terms of geographical regions, Asia-Pacific captures the majority of the market share, and this trend is unlikely to change in the near future.

Market Overview

Blockchain The conventional healthcare industry was plagued with various challenges, including fragmented medical records, lack of data integrity, interoperability issues, supply chain management inefficiencies and security breach of patient’s sensitive medical information. Further, approximately 80% of the medical studies fail to produce the desired results due to errors such as fraud, data falsification and trial misconduct. It is important to mention that more than 690 healthcare data breaches were reported between July 2021 and June 2022. As a result, the adoption of blockchain technology (also referred to as distributed ledger technology (DLT)), has emerged to be a promising approach.

This innovative technology appropriately identifies dangerous mistakes in the medical industry; it also facilitates safe storage of healthcare data and transactions, including including use of blockchain in the genomic data management. In addition, the blockchain applications include clinical trials (to prevent data manipulation and enhance transparency of clinical trial data), supply chain management (to reduce the prevalence of counterfeit medications / drugs), telemedicine (to protect medical records from unauthorized access or tampering) and electronic health records (to facilitate patients’ data security between different healthcare providers).

Market Trends

• Rising Collaborations: Several stakeholders have been forging alliances related to blockchain in healthcare, specifically for application in drug discovery and clinical trials with pharmaceutical companies for platform utilization, platform integration and platform development purposes.
• Increase in Publication Activity: More than 510 scientific articles related to this industry have been published (in journals having different impact factors), over a period of six years, highlighting the substantial efforts made by researchers. Around 60% of these publications were research articles. In addition, the maximum number of articles focused on blockchain technology in the pharma sector were published by Multidisciplinary Digital Publishing Institute (MDPI), followed by Journal of Medical Internet Research and Frontiers Media.

Market Share Insights

• The blockchain in healthcare market, for application in drug discovery and clinical trials, in Asia-Pacific is likely to capture the largest market share (46%).
• Additionally, in terms of type of blockchain, public blockchain is anticipated to capture maximum share in the market, in the foreseen future.
• In terms of end user, presently, around 40% of the revenue generation potential is associated with hospitals using proprietary blockchain platforms for drug discovery and clinical trials.

Market Insights

What is Blockchain and How Does it Work?

Blockchain is a decentralized, distributed, digital ledger that is used to record transactions on a common digital platform. It is worth noting, that the record cannot be altered retroactively without the alteration of all subsequent blocks and the consensus of the network. Further, this metaverse healthcare technology was developed to facilitate secure transactions between different stakeholders, without involving third parties. There are few simple steps on which blockchain works

• Each transaction being performed is recorded along with relevant details
• The different nodes of the network verify if the transaction is valid
• Each transaction being verified is added to the block
• Once the block is complete, it is added to the chain

Key Drivers for the use of Blockchain Technology in Healthcare Industry

In recent years, the use of blockchain has been on the rise, driven by the growing demand for methods that safeguard sensitive healthcare data, shift towards digital health records and ongoing technological advancements. Blockchain provides a strong platform for enhanced clinical practice in terms of maintaining patient records and enrolling patients for trials. It also enhances the storage and transparency of medical data. In addition, the ledger can be used to contain all the updated information along with an encrypted patient identity to secure patient data. Owing to the benefits offered by blockchain technology in healthcare, we expect the pharmaceutical companies to start adopting the platform for clinical trials, supporting market growth over the forecast period.

Leading Blockchain Healthcare Companies

Examples of key companies offering blockchain technology in healthcare market (which have also been captured in this market report) include (in alphabetic order) Alten Calsoft Labs, ConsenSys, Humanscape, Hyperledger Foundation, IBM, Infosys, Innoplexus, Medsphere, Solulab Stratumn and Tech Mahindra. This market report includes an easily searchable, excel database of all the companies offering blockchain for healthcare applications.

Market Segmentation Insights

Frequently Asked Questions