Blockchain in Healthcare Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2024-2031

Description

Persistence Market Research has recently released a comprehensive report on the global market for blockchain in healthcare. The report provides an in-depth analysis of critical market dynamics, including drivers, trends, opportunities, and challenges, offering detailed insights into the market structure.

Key Insights:

Blockchain in Healthcare Market Size (2024E):US$1.1 Bn
Projected Market Value (2031F): US$17.6 Bn
Global Market Growth Rate (CAGR 2024 to 2031): 48.6%

Blockchain in Healthcare Market - Report Scope:

Blockchain technology is revolutionizing the healthcare sector by providing secure, transparent, and efficient solutions for managing patient data, ensuring data integrity, and enhancing the overall quality of care. The market includes applications such as patient records management, clinical trials, supply chain management, and data security. Blockchain's capability to create immutable records and facilitate decentralized data sharing drives its adoption across hospitals, clinics, research institutions, and healthcare providers.

Market Growth Drivers:

The global blockchain in healthcare market is driven by several key factors, including the growing need for secure and interoperable health data management systems, rising incidences of data breaches, and the increasing demand for transparency in clinical trials and supply chain management. Technological advancements in blockchain, such as smart contracts and decentralized applications (dApps), enhance data accuracy and streamline administrative processes. Moreover, the ongoing push for digital transformation in healthcare and regulatory support for blockchain-based solutions further bolster market growth.

Market Restraints:

Despite the promising growth prospects, the blockchain in healthcare market faces challenges related to the high implementation costs, scalability issues, and regulatory uncertainties. The integration of blockchain technology into existing healthcare systems requires significant investment in infrastructure and technology, which may be a barrier for smaller healthcare providers. Additionally, the lack of standardized regulations and guidelines for blockchain applications in healthcare can lead to uncertainty and hinder market adoption. Addressing these challenges involves collaboration between industry stakeholders, regulators, and technology providers to develop standardized frameworks and cost-effective solutions.

Market Opportunities:

The blockchain in healthcare market presents significant growth opportunities driven by innovations in blockchain technology, increasing healthcare data breaches, and the expansion of decentralized healthcare models. The integration of blockchain with emerging technologies such as artificial intelligence (AI) and the Internet of Things (IoT) offers enhanced data analytics and improved patient outcomes. Furthermore, the growing focus on personalized medicine and patient-centric care models creates new avenues for blockchain applications. Strategic investments in research and development, partnerships with technology firms, and the introduction of scalable and user-friendly blockchain solutions are essential to capitalize on emerging opportunities and sustain market leadership.

Key Questions Answered in the Report:

What are the primary factors driving the growth of the blockchain in healthcare market globally?
Which blockchain applications and solutions are gaining traction across different healthcare sectors?
How are technological advancements reshaping the competitive landscape of the blockchain in healthcare market?
Who are the key players contributing to the blockchain in healthcare market, and what strategies are they employing to maintain market relevance?
What are the emerging trends and future prospects in the global blockchain in healthcare market?

Competitive Intelligence and Business Strategy:

Leading players in the global blockchain in healthcare market, including IBM Corporation, Microsoft Corporation, and Oracle Corporation, focus on innovation, strategic partnerships, and technology integration to gain a competitive edge. These companies invest in blockchain research, development of industry-specific solutions, and collaborations with healthcare providers to enhance data security and interoperability. Emphasis on regulatory compliance, proof-of-concept implementations, and patient-centric applications drives market growth and supports the adoption of blockchain technology in healthcare.

Key Companies Profiled:

IBM Corporation
Microsoft Corporation
Oracle Corporation
Guardtime
Chronicled Inc.
MediLedger
Hashed Health
PokitDok
Blockchain Health Company
SimplyVital Health

Blockchain in Healthcare Market Segmentation

By Network Type

Private
Public

By Application

Supply Chain Management
Clinical Trials
Clinical Data Exchange

By End Use

Biopharma & medical device companies
Providers
Payers

By Region

North America
Latin America
Europe
South Asia & Oceania
East Asia
The Middle East & Africa

Product Code: PMRREP34723

1. Executive Summary

1.1. Global Blockchain in Healthcare Market Snapshot, 2024-2031
1.2. Market Opportunity Assessment, 2024-2031, US$ Bn
1.3. Key Market Trends
1.4. Future Market Projections
1.5. Premium Market Insights
1.6. Industry Developments and Key Market Events
1.7. PMR Analysis and Recommendations

2. Market Overview

2.1. Market Scope and Definition
2.2. Market Dynamics
- 2.2.1. Drivers
- 2.2.2. Restraints
- 2.2.3. Opportunity
- 2.2.4. Challenges
- 2.2.5. Key Trends
2.3. Macro-Economic Factors
- 2.3.1. Global Sectorial Outlook
- 2.3.2. Global GDP Growth Outlook
- 2.3.3. Global Healthcare Spending Outlook
2.4. COVID-19 Impact Analysis
2.5. Forecast Factors - Relevance and Impact

3. Value Added Insights

3.1. Product Adoption Analysis
3.2. Technology Assessment
3.3. Regulatory Landscape
3.4. Value Chain Analysis
- 3.4.1. List of End-use/Marketplaces
  - 3.4.1.1. Retail
  - 3.4.1.2. Audiology
  - 3.4.1.3. E-Commerce
- 3.4.2. List of End User (Industry)
3.5. Key Deals and Mergers
3.6. PESTLE Analysis
3.7. Porter's Five Force Analysis

4. Global Blockchain in Healthcare Market Outlook: Historical (2019-2023) and Forecast (2024-2031)

4.1. Key Highlights
- 4.1.1. Market Size (US$ Bn) and Y-o-Y Growth
- 4.1.2. Absolute $ Opportunity
4.2. Market Size (US$ Bn) Analysis and Forecast
- 4.2.1. Historical Market Size (US$ Bn) Analysis, 2019-2023
- 4.2.2. Current Market Size (US$ Bn) Analysis and Forecast, 2024-2031
4.3. Global Blockchain in Healthcare Market Outlook: Network Type
- 4.3.1. Introduction / Key Findings
- 4.3.2. Historical Market Size (US$ Bn) Analysis, By Network Type, 2019-2023
- 4.3.3. Current Market Size (US$ Bn) Analysis and Forecast, By Network Type, 2024-2031
  - 4.3.3.1. Private
  - 4.3.3.2. Public
4.4. Market Attractiveness Analysis: Network Type
4.5. Global Blockchain in Healthcare Market Outlook: Application
- 4.5.1. Introduction / Key Findings
- 4.5.2. Historical Market Size (US$ Bn) Analysis, By Application, 2019-2023
- 4.5.3. Current Market Size (US$ Bn) Analysis and Forecast, By Application, 2024-2031
  - 4.5.3.1. Supply Chain Management
  - 4.5.3.2. Clinical Trials,
  - 4.5.3.3. Clinical Data Exchange
4.6. Market Attractiveness Analysis: Application
4.7. Global Blockchain in Healthcare Market Outlook: End-use
- 4.7.1. Introduction / Key Findings
- 4.7.2. Historical Market Size (US$ Bn) Analysis, By End-use, 2019-2023
- 4.7.3. Current Market Size (US$ Bn) Analysis and Forecast, By End-use, 2024-2031
  - 4.7.3.1. Biopharma & medical device companies
  - 4.7.3.2. Providers
  - 4.7.3.3. Payers
4.8. Market Attractiveness Analysis: End-use

5. Global Blockchain in Healthcare Market Outlook: Region

5.1. Key Highlights
5.2. Historical Market Size (US$ Bn) Analysis, By Region, 2019-2023
5.3. Current Market Size (US$ Bn) Analysis and Forecast, By Region, 2024-2031
- 5.3.1. North America
- 5.3.2. Europe
- 5.3.3. East Asia
- 5.3.4. South Asia and Oceania
- 5.3.5. Latin America
- 5.3.6. Middle East & Africa
5.4. Market Attractiveness Analysis: Region

6. North America Blockchain in Healthcare Market Outlook: Historical (2019-2023) and Forecast (2024-2031)

6.1. Key Highlights
6.2. Pricing Analysis
6.3. Historical Market Size (US$ Bn) Analysis, By Market, 2019-2023
- 6.3.1. By Country
- 6.3.2. By Network Type
- 6.3.3. By Application
- 6.3.4. By End-use
6.4. Current Market Size (US$ Bn) Analysis and Forecast, By Country, 2024-2031
- 6.4.1. U.S.
- 6.4.2. Canada
6.5. Current Market Size (US$ Bn) Analysis and Forecast, By Network Type, 2024-2031
- 6.5.1. Private
- 6.5.2. Public
6.6. Current Market Size (US$ Bn) Analysis and Forecast, By Application, 2024-2031
- 6.6.1. Supply Chain Management
- 6.6.2. Clinical Trials,
- 6.6.3. Clinical Data Exchange
6.7. Current Market Size (US$ Bn) Analysis and Forecast, By End-use, 2024-2031
- 6.7.1. Biopharma & medical device companies
- 6.7.2. Providers
- 6.7.3. Payer
6.8. Market Attractiveness Analysis

7. Europe Blockchain in Healthcare Market Outlook: Historical (2019-2023) and Forecast (2024-2031)

7.1. Key Highlights
7.2. Pricing Analysis
7.3. Historical Market Size (US$ Bn) Analysis, By Market, 2019-2023
- 7.3.1. By Country
- 7.3.2. By Network Type
- 7.3.3. By Application
- 7.3.4. By End-use
7.4. Current Market Size (US$ Bn) Analysis and Forecast, By Country, 2024-2031
- 7.4.1. Germany
- 7.4.2. France
- 7.4.3. U.K.
- 7.4.4. Italy
- 7.4.5. Spain
- 7.4.6. Russia
- 7.4.7. Turkey
- 7.4.8. Rest of Europe
7.5. Current Market Size (US$ Bn) Analysis and Forecast, By Network Type, 2024-2031
- 7.5.1. Private
- 7.5.2. Public
7.6. Current Market Size (US$ Bn) Analysis and Forecast, By Application, 2024-2031
- 7.6.1. Supply Chain Management
- 7.6.2. Clinical Trials,
- 7.6.3. Clinical Data Exchange
7.7. Current Market Size (US$ Bn) Analysis and Forecast, By End-use, 2024-2031
- 7.7.1. Biopharma & medical device companies
- 7.7.2. Providers
- 7.7.3. Payer
7.8. Market Attractiveness Analysis

8. East Asia Blockchain in Healthcare Market Outlook: Historical (2019-2023) and Forecast (2024-2031)

8.1. Key Highlights
8.2. Pricing Analysis
8.3. Historical Market Size (US$ Bn) Analysis, By Market, 2019-2023
- 8.3.1. By Country
- 8.3.2. By Network Type
- 8.3.3. By Application
- 8.3.4. By End-use
8.4. Current Market Size (US$ Bn) Analysis and Forecast, By Country, 2024-2031
- 8.4.1. China
- 8.4.2. Japan
- 8.4.3. South Korea
8.5. Current Market Size (US$ Bn) Analysis and Forecast, By Network Type, 2024-2031
- 8.5.1. Private
- 8.5.2. Public
8.6. Current Market Size (US$ Bn) Analysis and Forecast, By Application, 2024-2031
- 8.6.1. Supply Chain Management
- 8.6.2. Clinical Trials,
- 8.6.3. Clinical Data Exchange
8.7. Current Market Size (US$ Bn) Analysis and Forecast, By End-use, 2024-2031
- 8.7.1. Biopharma & medical device companies
- 8.7.2. Providers
- 8.7.3. Payer
8.8. Market Attractiveness Analysis

9. South Asia and Oceania Blockchain in Healthcare Market Outlook: Historical (2019-2023) and Forecast (2024-2031)

9.1. Key Highlights
9.2. Pricing Analysis
9.3. Historical Market Size (US$ Bn) Analysis, By Market, 2019-2023
- 9.3.1. By Country
- 9.3.2. By Network Type
- 9.3.3. By Application
- 9.3.4. By End-use
9.4. Current Market Size (US$ Bn) Analysis and Forecast, By Country, 2024-2031
- 9.4.1. India
- 9.4.2. Southeast Asia
- 9.4.3. ANZ
- 9.4.4. Rest of South Asia & Oceania
9.5. Current Market Size (US$ Bn) Analysis and Forecast, By Network Type, 2024-2031
- 9.5.1. Private
- 9.5.2. Public
9.6. Current Market Size (US$ Bn) Analysis and Forecast, By Application, 2024-2031
- 9.6.1. Supply Chain Management
- 9.6.2. Clinical Trials,
- 9.6.3. Clinical Data Exchange
9.7. Current Market Size (US$ Bn) Analysis and Forecast, By End-use, 2024-2031
- 9.7.1. Biopharma & medical device companies
- 9.7.2. Providers
- 9.7.3. Payer
9.8. Market Attractiveness Analysis

10. North America Blockchain in Healthcare Market Outlook: Historical (2019-2023) and Forecast (2024-2031)

10.1. Key Highlights
10.2. Pricing Analysis
10.3. Historical Market Size (US$ Bn) Analysis, By Market, 2019-2023
- 10.3.1. By Country
- 10.3.2. By Network Type
- 10.3.3. By Application
- 10.3.4. By End-use
10.4. Current Market Size (US$ Bn) Analysis and Forecast, By Country, 2024-2031
- 10.4.1. Brazil
- 10.4.2. Mexico
- 10.4.3. Rest of Latin America
10.5. Current Market Size (US$ Bn) Analysis and Forecast, By Network Type, 2024-2031
- 10.5.1. Private
- 10.5.2. Public
10.6. Current Market Size (US$ Bn) Analysis and Forecast, By Application, 2024-2031
- 10.6.1. Supply Chain Management
- 10.6.2. Clinical Trials,
- 10.6.3. Clinical Data Exchange
10.7. Current Market Size (US$ Bn) Analysis and Forecast, By End-use, 2024-2031
- 10.7.1. Biopharma & medical device companies
- 10.7.2. Providers
- 10.7.3. Payer
10.8. Market Attractiveness Analysis

11. Middle East & Africa Blockchain in Healthcare Market Outlook: Historical (2019-2023) and Forecast (2024-2031)

11.1. Key Highlights
11.2. Pricing Analysis
11.3. Historical Market Size (US$ Bn) Analysis, By Market, 2019-2023
- 11.3.1. By Country
- 11.3.2. By Network Type
- 11.3.3. By Application
- 11.3.4. By End-use
11.4. Current Market Size (US$ Bn) Analysis and Forecast, By Network Type, 2024-2031
- 11.4.1. Private
- 11.4.2. Public
11.5. Current Market Size (US$ Bn) Analysis and Forecast, By Application, 2024-2031
- 11.5.1. Supply Chain Management
- 11.5.2. Clinical Trials,
- 11.5.3. Clinical Data Exchange
11.6. Current Market Size (US$ Bn) Analysis and Forecast, By End-use, 2024-2031
- 11.6.1. Biopharma & medical device companies
- 11.6.2. Providers
- 11.6.3. Payer
11.7. Market Attractiveness Analysis

12. Competition Landscape

12.1. Market Share Analysis, 2024
12.2. Market Structure
- 12.2.1. Competition Intensity Mapping By Market
- 12.2.2. Competition Dashboard
12.3. Company Profiles (Details - Overview, Financials, Strategy, Recent Developments)
- 12.3.1. IBM
  - 12.3.1.1. Overview
  - 12.3.1.2. Segments and Products
  - 12.3.1.3. Key Financials
  - 12.3.1.4. Market Developments
  - 12.3.1.5. Market Strategy
- 12.3.2. PATIENTORY INC.
- 12.3.3. Guardtime
- 12.3.4. iSolve, LLC
- 12.3.5. Solve.Care
- 12.3.6. Oracle
- 12.3.7. Change Healthcare (acquired by UnitedHealth Group's Optum)
- 12.3.8. BurstIQ
- 12.3.9. Medicalchain SA
- 12.3.10. Blockpharma

13. Appendix

13.1. Research Methodology
13.2. Research Assumptions
13.3. Acronyms and Abbreviations