Non-fungible Tokens (NFT) in Healthcare Market

NFT In Healthcare Market Size

The NFT in Healthcare market, valued at USD 208 million in 2025, is projected to reach USD 240 million in 2026 and USD 1,117 million by 2035, with a 18.6% CAGR during the forecast period 2026 to 2035.

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The new research study consists of market trends, porter’s five forces, detailed market analysis, and market sizing and opportunity analysis.

The non-fungible tokens / NFT market is a dynamic and rapidly evolving sector that is transforming various industries by incorporating decentralized blockchain technology. The integration of blockchain technology across various industries has prompted a shift from traditional centralized systems to decentralized networks, thereby improving transaction speed, reducing costs and enhancing data integrity.

It is worth mentioning that NFTs are stored and tokenized on blockchain, therefore offering several advantages linked with blockchain technology. This has consequently led to the greater adoption of these NFTs in the past few years. In fact, in 2021, the non-fungible tokens market peaked at over $40 billion revenues, generated through trading NFTs. One of the breakthrough event in the history of NFTs was witnessed in 2021 in artwork industry when a digital artist named Beeple sold his art piece for whopping USD 69 million.

NFTs are unique blockchain representations of an asset, such as art, medical data and video clips that have been converted into tokens. Notably, NFTs are non-divisible and immutable, therefore cannot be broken down to smaller denominations in a similar manner as other digital entities (cryptocurrencies) and offer robust security and privacy features (since the information tokenized cannot be accessed by any third party) to users.

Owing to the above highlighted unique characteristics of NFTs, their potential is being explored across multiple disciplines, including art, collectibles, gaming, fashion, supply chain, real estate and healthcare. This has further attracted attention from various stakeholders / investors engaged in the cryptocurrency and blockchain market, contributing towards greater adoption of NFTs.

It is worth noting that NFT for healthcare is a promising development, being explored across different healthcare applications, including health records management, supply chain traceability, blood donation, clinical trial consent, genomics research and health and wellness regimens. However, NFT for medical records has emerged as the most common NFT use in healthcare, enabling patients to have access to their health information and trade medical data with pharmaceutical companies, research institutions and other end-users. Therefore, in order to harness the complete potential of NFT in healthcare industry and offer healthcare stakeholders a secure and transparent way to store and share healthcare data, several NFT solution providers are on a lookout to develop reliable and innovative NFT platforms (resulting in additional revenue streams for healthcare organizations).

Given the growing adoption and awareness of blockchain and related advanced technologies, celebrity endorsements in regard to digital assets, and the pressing need to manage the increasing healthcare data, the global NFT in healthcare market is poised to witness steady growth, in the foreseen future.

NFT In Healthcare Market Segmentation Insights

The market report presents an in-depth analysis of various NFT solutions and companies engaged in the NFT in healthcare industry, across different segments, as defined in the below table:

NFT in Healthcare Market: Report Attributes / Market Segmentations

Key Report Attributes	Details
Historical Trend	Since 2021
Forecast Period	Till 2035
Current Market Size	$240 Million
Market Size 2035	$1,117 Million
CAGR (Till 2035)	18.6%
Blockchain Used	Ethereum HyperLedger Polygon Other Blockchains
Application Area	Health Records Management Supply Chain Management Genomics Research Health and Wellness Clinical Trial Consent Other Application Areas
End-user	Healthcare Professionals Patients Pharmaceutical Companies Academic Institutions / Government Bodies Insurance Companies Other End-users
Geographical Regions	North America (US and Canada) Europe (Germany, UK, Spain and Rest of the Europe) Asia-Pacific (China, South Korea, India and Rest of the Asia-Pacific) Middle East and North Africa (Saudi Arabia, UAE and Rest of the Middle East and North Africa) Latin America (Brazil, Argentina and Rest of the Latin America)
Key Companies Profiled	Aimedis BurstIQ ChainCode Consulting DeHealth Epillo Health GenoBank.io Genomes.io IVIRSE Molecule Rejuve.AI TuumIO Universal Health Token (Full list of 30+ companies captured is available in the report)
PowerPoint Presentation (Complimentary)	Available
Customization Scope	10% Free Customization
Excel Data Packs (Complimentary)	NFT Solutions in Healthcare: Market Landscape Company Competitiveness Analysis Funding and Investments Partnerships and Collaborations Market Forecast and Opportunity Analysis

One of the key objectives of this market report was to estimate the current market size, opportunity and the future growth potential for the NFT in healthcare market, over the forecast period. Based on multiple relevant parameters, adoption trends and through primary validations, we have provided an informed estimate on the market evolution during the forecast period till 2035.

The market analysis also features the likely distribution of the current and forecasted opportunity within the market across various segments, such as blockchain used (Ethereum, HyperLedger, Polygon and other blockchains), application area (health records management, supply chain management, genomics research, health and wellness, clinical trial consent and other application areas), end-user (healthcare professionals, patients, pharmaceutical companies, academic institutions / government bodies, insurance companies and other end-users) and geographical regions ((North America (US and Canada), Europe (UK, Germany, Spain and Rest of the Europe), Asia-Pacific (China, South Korea, India and Rest of the Asia-Pacific), Middle East and North Africa (Saudi Arabia, UAE, and Rest of the Middle East and North Africa), and Latin America (Brazil, Argentina and Rest of the Latin America))

In order to account for future uncertainties and to add robustness to our model, we have provided three NFT in healthcare market forecast scenarios, namely conservative, base and optimistic scenarios, representing different tracks of the industry’s growth. Further, all actual figures have been sourced and analyzed from publicly available information forums and primary research discussions. Financial figures mentioned in this market report are in USD, unless otherwise specified.

NFT in Healthcare Market Share Insights

Market Share by Blockchain Used

The global NFT in healthcare industry is categorized based on the blockchain used into Ethereum, HyperLedger, Polygon and other blockchains. NFT solutions utilizing Ethereum blockchain network are anticipated to capture the majority (70%) of the current and future market share. This can be attributed to the fact that Ethereum blockchain was the first network to introduce smart contracts that do not require third-party verification, thereby offering more security and privacy. Further, NFT solutions utilizing other blockchains are expected to grow at a significant pace in the coming decade owing to the development and adoption of more private blockchains.

Market Share by Application Area

The global NFT in healthcare industry is segmented based on the application area into health records management, supply chain management, genomics research, health and wellness, clinical trial consent and other application areas. The health records management segment is likely to capture the highest (44%) NFT in healthcare market share in the current year, owing to the fact that NFTs can help in seamless tracking of patient electronic health records, facilitating accurate diagnosis and treatment.

In fact, more than USD 1.2 billion worth of data is produced every year in the US and close to 80% of this data remains unstructured, making it vulnerable to misuse and theft. Additionally, NFT health records provide complete ownership to the patients in exchange of financial incentives, contributing towards greater adoption of NFTs in health records.

It is worth mentioning that this trend is unlikely to change in the coming years as well. Further, healthcare applications, including supply chain traceability and genomics research are anticipated to grow at a relatively faster pace in the foreseen future.

Market Share by End-user

Based on end-users, the global NFT in healthcare market is categorized into healthcare professionals, patients, pharmaceutical companies, academic institutions / government bodies, insurance companies and other end-users. It is worth noting that NFT solutions being leveraged by healthcare professionals are anticipated to capture the majority (33%) of the current and future market share. Further, NFT solutions catering to patient needs are also expected to grow at a significant pace in the coming decade.

Market Share by Geographical Regions

This segment highlights the distribution of NFT in healthcare market across geographical regions, including North America, Europe, Asia-Pacific, Middle East and North Africa, and Latin America. According to our projections, currently, North America captures close to 42% of the overall market. However, the market in Asia-Pacific is expected to grow at a relatively faster pace (CAGR of ~20%), till 2035. This can be attributed to the rising awareness and adoption of NFTs in this region, increasing research and development activity, and the upcoming product launches.

NFT In Healthcare Market: Key Insights

The “Non-fungible Tokens (NFT) in Healthcare Market: Industry Trends and Global Forecasts, till 2035” market report features an extensive study of the current market landscape, market size, market forecast and future opportunities for the NFT solution providers. The market report highlights the efforts of several companies engaged in this rapidly emerging market segment of the healthcare IT industry. Key takeaways of the market research report are briefly discussed below.

Competitive Landscape of NFT Solutions

Currently, close to 35 NFT solutions are launched or are under development. It is worth mentioning that majority of these platforms possess key features such as tokenization, decentralization, data sharing, smart contracts, immutability, and security and privacy. Additionally, 45% of the NFT solutions have been launched / being developed for effective management of health records in order to improve overall patient health outcomes. Notably, 42% of the NFT solutions have been developed / being developed to serve both healthcare professionals and patients, offering them opportunities for monetizing health data.

The NFT in healthcare market features the presence of over 30 NFT solution providers. Further, the market landscape is currently dominated by the small players, constituting over 75% of the overall market, reflective of high start-up activity, innovation and market expansion in this industry. It is worth mentioning that 44% of the players are headquartered in North America, followed by 34% of the firms located in European countries.

Market Trends: Partnerships and Collaborations on the Rise

In recent years, several deals have been forged by the stakeholders in order to consolidate their presence in this field. In fact, the partnership activity witnessed a CAGR of 36% during the last three years. Further, close to 25% of deals were forged in the last 12 months. Interestingly, platform utilization agreements emerged as the most common type of partnership model adopted by the stakeholders in this domain.

Funding Analysis: Upswing in Funding and Investment Activity

Several stakeholders in this domain have raised funds in order to fuel their growth operations. It is noteworthy that companies in this domain have raised a cumulative sum of close to USD 95 million, since 2018. Additionally, majority of the funding instances were venture capital investments (40%), followed by seed funding (27%). Further, in terms of geographical activity, firms headquartered in Europe have raised the majority (79%) of the amount in the NFT in healthcare industry. Notably, Genomes.io emerged as the most active player (in terms of amount raised), having raised a total capital of USD 21 million till date across three rounds of funding.

Market Size Analysis: North America Dominates the NFT in Healthcare Market

Presently, North America captures more than 40% of the NFT in healthcare market share. Driven by the rising interest of stakeholders in managing increasing healthcare data, the market in North America is anticipated to grow at a CAGR of 17.5% during the forecast period, till 2035. Notable factors that contribute to the region’s dominance in this industry include the presence of several well-established blockchain and IT companies and advanced healthcare infrastructure of the region. However, in terms of market growth, the healthcare NFT market in Asia-Pacific is likely to grow at a relatively faster pace (~20%) in the long term, primarily due to affordable operational costs and cheap labor in this region.

Key Players In NFT In Healthcare Market

Examples of key players engaged in offering NFT solutions in healthcare (which have also been profiled in this market report; the complete list of companies is available in the full report) include (in alphabetical order) Aimedis, BurstIQ, ChainCode Consulting, DeHealth, Epillo Health, GenoBank.io, Genomes.io, IVIRSE, Molecule, Rejuve.AI, TuumIO and Universal Health Token. This global market research report includes an easily searchable excel database of all the companies that are offering NFT solutions in healthcare.

NFT In Healthcare Market Report Coverage

The market report presents an in-depth analysis, highlighting the capabilities of various stakeholders engaged in this industry, across different geographies. Amongst other elements, the market report includes:

• A background study, presenting essential context by elucidating key NFT in healthcare market trends and delineating key project objectives of the report.
• An outline of the systematic research methodology adopted to conduct this study, covering research assumptions, project and revenue forecast methodologies, primary and secondary research approaches, along with the various analytical frameworks utilized / considered in the report. Further, this section emphasizes on the robust quality control framework adopted to ensure transparency and credibility in the insights presented throughout the report.
• An overview of various comprehensive methodologies and frameworks used to forecast and analyze market trends. This section explores a range of forecasting tools and techniques which play a crucial role in enhancing the accuracy and reliability of our market forecasts. Further, this section discusses the key considerations to provide an understanding of the factors / attributes influencing market dynamics and the limitations of market forecasting.
• A brief context of the economic factors that impact the overall NFT in healthcare market, including currency fluctuations, foreign exchange rates, and known trade barriers. In addition, it evaluates the effects of global recession and inflation on the growth of the market, drawing insights from key historical events to inform decision making in the future.
• An executive summary of the insights captured in our research, featuring key takeaways from the current state of the NFT in healthcare market and its likely evolution in the short to mid-to-long term.
• A brief overview of non-fungible tokens, blockchain process, key features of NFTs and their current use cases across various industries. Further, this section features applications of NFT in healthcare, its key challenges and future perspectives of this domain.
• A detailed assessment of the overall NFT solutions market landscape, featuring information on several relevant parameters, such as stage of development (launched and under development), key features (tokenization, decentralization, security and privacy, data sharing, smart contracts and immutability), application area (health records management / health ownership, blood donation, clinical trials, health and wellness, supply chain management, genomics research, improved access to healthcare, transplantation, IP protection, transaction / payment management and others) and end-user (healthcare professionals, patients, academic institutions / government bodies, pharmaceutical companies, insurance companies and others). Further, the chapter provides a detailed list of companies engaged in developing NFT solutions, along with detailed analysis based on various parameters, such as year of establishment, company size (in terms of employee count), location of headquarters.
• An insightful analysis of NFT solution providers based on the supplier strength (in terms of establishment and company size), portfolio strength (in terms of stage of development, key features, additional features and application area) and portfolio diversity (end-user).
• Elaborate profiles of leading players developing NFT solutions, based in North America, Europe and Asia-Pacific and rest of the world (shortlisted based on their historical / current market activity in terms of number of partnerships signed, fundings raised and conferences participated). Each profile features a brief overview of the company (including information on their year of establishment, location of headquarters, number of employees, management team and contact details), NFT solution overview, recent initiatives and an informed future outlook.
• An insightful analysis of the partnerships and collaborations inked between stakeholders engaged in the NFT in healthcare market, since 2020, based on several parameters, such as year of partnership, type of partnership, type of partner, application area and most active players (in terms of number of partnerships signed). It also provides analysis for the regional distribution of the companies involved in these agreements.
• A detailed analysis of the funding and investments raised by NFT solution providers, since 2018, based on relevant parameters, such as year of funding, amount invested (USD million), type of funding, geography and most active players (in terms of number of funding instances and amount raised).
• A detailed case study on current use cases and potential use cases of non-fungible tokens across various healthcare applications, highlighting their potential to revolutionize health data management and patient care.
• A qualitative porter’s five forces analysis, highlighting the five competitive forces prevalent in the NFT in healthcare domain, including threats of new entrants, bargaining power of buyers, bargaining power of suppliers, threats of substitute products and rivalry among existing competitors.
• An in-depth analysis of the factors that can impact the growth of the NFT in healthcare market. It also features identification and market analysis of key drivers, potential restraints, emerging opportunities, and existing challenges.
• A detailed estimate of the current market size, opportunity and future growth potential for the NFT in healthcare market over the next decade. Based on multiple parameters, likely adoption trends and through primary validations, we have provided an informed estimate on the market evolution during the forecast period, till 2035. The report also features the likely distribution of the current and forecasted opportunity within the market. Further, in order to account for future uncertainties and to add robustness to our model, we have provided three forecast scenarios, namely conservative, base and optimistic scenarios, representing different tracks of the industry’s growth.
• Detailed projections of the current and future opportunity within the NFT in Healthcare industry across blockchain networks, such as Ethereum, HyperLedger, Polygon and other blockchains.
• Detailed projections of the current and future opportunity within the NFT in Healthcare industry across application areas, such as health records management, supply chain management, genomics research, health and wellness, clinical trial consent and other application areas.
• Detailed projections of the current and future opportunity within the NFT in Healthcare industry across end-users, such as healthcare professionals, patients, pharmaceutical companies, academic institutions / government bodies, insurance companies and other end-users.
• Detailed projections of the current and future opportunity within the NFT in healthcare market across geographical regions, such as ((North America (US and Canada), Europe (UK, Germany, Spain and Rest of the Europe), Asia-Pacific (China, South Korea, India and Rest of the Asia-Pacific), Middle East and North Africa (Saudi Arabia, UAE, and Rest of the Middle East and North Africa), and Latin America (Brazil, Argentina and Rest of the Latin America)).

Recent Developments In The NFT In Healthcare Market

Several recent developments have taken place in the field of NFT in Healthcare. We have outlined some of these initiatives below. These developments, even if they took place post the release of our market report, substantiate the overall trends that have been outlined in our NFT in Healthcare market analysis.

• In October 2024, GenoBank.io entered into a strategic partnership with Mawi DNA Technologies in order to tokenize latter’s iSWAB bio samples as BioNFTs, offering notarized proof of authenticity and consent.
• In August 2024, Rejuve.AI collaborated with DNA Longevity to integrate latter’s genetic counselling services in former’s Longevity app, consequently improving healthcare accessibility for its end-users.
• In August 2023, Genomes.io raised USD 20 million in venture capital (series unknown) round with an aim to advance its decentralized technology, enabling more of its individual and institutional clients to work with its vault and reporting products.

Author(s): Pemba Lahmo, Nishta Garg