PUBLISHER: Polaris Market Research | PRODUCT CODE: 1625385
PUBLISHER: Polaris Market Research | PRODUCT CODE: 1625385
The blockchain in healthcare market size is expected to reach USD 178,910.32 million by 2034, according to a new study by Polaris Market Research. The report "Blockchain in Healthcare Market Size, Share, Trends, Industry Analysis Report: By Application, Network Type (Private, Public, and Others), End Use, and Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Market Forecast, 2024-2034" gives a detailed insight into current market dynamics and provides analysis on future market growth.
The blockchain in the healthcare market is witnessing robust growth, driven by a rising demand for secure, transparent, and efficient management of healthcare data. Blockchain technology has become essential for storing, sharing, and managing sensitive information; the market is expanding significantly. This growth is propelled by blockchain's decentralized, immutable ledger capabilities, which are especially valuable in an industry where data integrity, security, and compliance are critical.
Consequently, the market size and value are increasing as healthcare organizations seek solutions to mitigate data breaches and cybersecurity threats. Blockchain's inherent security features, including encryption and decentralized data storage, help protect against unauthorized access and tampering, which is crucial to addressing these issues and further driving market demand.
The market expansion is also fueled by blockchain's ability to improve data interoperability. Blockchain facilitates a unified and transparent system for seamless information sharing among healthcare providers, insurers, and patients, thereby contributing to market growth. Additionally, there is a growing demand for enhanced supply chain management within the healthcare industry. Blockchain ensures the traceability and authenticity of pharmaceuticals and medical supplies, which is vital for combating counterfeit drugs and meeting regulatory standards. This application is particularly relevant in regions with high instances of counterfeit pharmaceuticals, as blockchain tracks products from manufacturer to end-user, boosting market share by ensuring product legitimacy.
Further contributing to market growth is the increased adoption of blockchain in clinical trials and research activities, especially in emerging markets. Blockchain technology streamlines the management, verification, and sharing of results, accelerating drug development by enhancing the transparency and reliability of clinical trial data. The expansion of clinical trials supports market demand and value as more organizations turn to blockchain to improve data reliability in research.
Government initiatives and regulatory support are also crucial in driving market expansion. Many governments are exploring blockchain applications to improve healthcare infrastructure, leading to favorable policies and funding opportunities that enhance the market size and growth potential.
In 2024, the supply chain management segment accounted for the largest revenue share in the blockchain in healthcare market due to its critical role in ensuring transparency, traceability, and security in the movement of pharmaceuticals and medical supplies.
By end use analysis, the biopharmaceutical & medical device companies segment is anticipated to register the fastest CAGR due to the increasing adoption of blockchain for enhancing data security.
In 2024, North America accounted for the largest market share in the blockchain in healthcare market due to the high concentration of leading healthcare and technology companies driving innovation and adoption of blockchain solutions.
Asia Pacific is expected to grow at the fastest CAGR from 2025 to 2034 due to the rapid expansion of healthcare infrastructure, and increasing digitalization of health services.
The key market players include Blockpharma; BurstIQ; Change Healthcare (acquired by UnitedHealth Group's Optum); Guardtime; IBM; iSolve, LLC; Medicalchain SA; Oracle; PATIENTORY INC.; and Solve.Care.
Polaris Market Research has segmented the blockchain in healthcare market report based on application, network type, end use, and region:
Table 1 Global Blockchain in Healthcare Market, by Application, 2020-2034 (USD Million)
Table 2 Global Blockchain in Healthcare Market, by Network Type, 2020-2034 (USD Million)
Table 3 Global Blockchain in Healthcare Market, by End Use, 2020-2034 (USD Million)
Table 4 North America: Blockchain in Healthcare Market, by Application, 2020-2034 (USD Million)
Table 5 North America: Blockchain in Healthcare Market, by Network Type, 2020-2034 (USD Million)
Table 6 North America: Blockchain in Healthcare Market, by End Use, 2020-2034 (USD Million)
Table 7 U.S.: Blockchain in Healthcare Market, by Application, 2020-2034 (USD Million)
Table 8 U.S.: Blockchain in Healthcare Market, by Network Type, 2020-2034 (USD Million)
Table 9 U.S.: Blockchain in Healthcare Market, by End Use, 2020-2034 (USD Million)
Table 10 Canada: Blockchain in Healthcare Market, by Application, 2020-2034 (USD Million)
Table 11 Canada: Blockchain in Healthcare Market, by Network Type, 2020-2034 (USD Million)
Table 12 Canada: Blockchain in Healthcare Market, by End Use, 2020-2034 (USD Million)
Table 13 Europe: Blockchain in Healthcare Market, by Application, 2020-2034 (USD Million)
Table 14 Europe: Blockchain in Healthcare Market, by Network Type, 2020-2034 (USD Million)
Table 15 Europe: Blockchain in Healthcare Market, by End Use, 2020-2034 (USD Million)
Table 16 UK: Blockchain in Healthcare Market, by Application, 2020-2034 (USD Million)
Table 17 UK: Blockchain in Healthcare Market, by Network Type, 2020-2034 (USD Million)
Table 18 UK: Blockchain in Healthcare Market, by End Use, 2020-2034 (USD Million)
Table 19 France: Blockchain in Healthcare Market, by Application, 2020-2034 (USD Million)
Table 20 France: Blockchain in Healthcare Market, by Network Type, 2020-2034 (USD Million)
Table 21 France: Blockchain in Healthcare Market, by End Use, 2020-2034 (USD Million)
Table 22 Germany: Blockchain in Healthcare Market, by Application, 2020-2034 (USD Million)
Table 23 Germany: Blockchain in Healthcare Market, by Network Type, 2020-2034 (USD Million)
Table 24 Germany: Blockchain in Healthcare Market, by End Use, 2020-2034 (USD Million)
Table 25 Italy: Blockchain in Healthcare Market, by Application, 2020-2034 (USD Million)
Table 26 Italy: Blockchain in Healthcare Market, by Network Type, 2020-2034 (USD Million)
Table 27 Italy: Blockchain in Healthcare Market, by End Use, 2020-2034 (USD Million)
Table 28 Spain: Blockchain in Healthcare Market, by Application, 2020-2034 (USD Million)
Table 29 Spain: Blockchain in Healthcare Market, by Network Type, 2020-2034 (USD Million)
Table 30 Spain: Blockchain in Healthcare Market, by End Use, 2020-2034 (USD Million)
Table 31 Netherlands: Blockchain in Healthcare Market, by Application, 2020-2034 (USD Million)
Table 32 Netherlands: Blockchain in Healthcare Market, by Network Type, 2020-2034 (USD Million)
Table 33 Netherlands: Blockchain in Healthcare Market, by End Use, 2020-2034 (USD Million)
Table 34 Russia: Blockchain in Healthcare Market, by Application, 2020-2034 (USD Million)
Table 35 Russia: Blockchain in Healthcare Market, by Network Type, 2020-2034 (USD Million)
Table 36 Russia: Blockchain in Healthcare Market, by End Use, 2020-2034 (USD Million)
Table 37 Rest of Europe: Blockchain in Healthcare Market, by Application, 2020-2034 (USD Million)
Table 38 Rest of Europe: Blockchain in Healthcare Market, by Network Type, 2020-2034 (USD Million)
Table 39 Rest of Europe: Blockchain in Healthcare Market, by End Use, 2020-2034 (USD Million)
Table 40 Asia Pacific: Blockchain in Healthcare Market, by Application, 2020-2034 (USD Million)
Table 41 Asia Pacific: Blockchain in Healthcare Market, by Network Type, 2020-2034 (USD Million)
Table 42 Asia Pacific: Blockchain in Healthcare Market, by End Use, 2020-2034 (USD Million)
Table 43 China: Blockchain in Healthcare Market, by Application, 2020-2034 (USD Million)
Table 44 China: Blockchain in Healthcare Market, by Network Type, 2020-2034 (USD Million)
Table 45 China: Blockchain in Healthcare Market, by End Use, 2020-2034 (USD Million)
Table 46 India: Blockchain in Healthcare Market, by Application, 2020-2034 (USD Million)
Table 47 India: Blockchain in Healthcare Market, by Network Type, 2020-2034 (USD Million)
Table 48 India: Blockchain in Healthcare Market, by End Use, 2020-2034 (USD Million)
Table 49 Malaysia: Blockchain in Healthcare Market, by Application, 2020-2034 (USD Million)
Table 50 Malaysia: Blockchain in Healthcare Market, by Network Type, 2020-2034 (USD Million)
Table 51 Malaysia: Blockchain in Healthcare Market, by End Use, 2020-2034 (USD Million)
Table 52 Japan: Blockchain in Healthcare Market, by Application, 2020-2034 (USD Million)
Table 53 Japan: Blockchain in Healthcare Market, by Network Type, 2020-2034 (USD Million)
Table 54 Japan: Blockchain in Healthcare Market, by End Use, 2020-2034 (USD Million)
Table 55 Indonesia: Blockchain in Healthcare Market, by Application, 2020-2034 (USD Million)
Table 56 Indonesia: Blockchain in Healthcare Market, by Network Type, 2020-2034 (USD Million)
Table 57 Indonesia: Blockchain in Healthcare Market, by End Use, 2020-2034 (USD Million)
Table 58 South Korea: Blockchain in Healthcare Market, by Application, 2020-2034 (USD Million)
Table 59 South Korea: Blockchain in Healthcare Market, by Network Type, 2020-2034 (USD Million)
Table 60 South Korea: Blockchain in Healthcare Market, by End Use, 2020-2034 (USD Million)
Table 61 Australia: Blockchain in Healthcare Market, by Application, 2020-2034 (USD Million)
Table 62 Australia: Blockchain in Healthcare Market, by Network Type, 2020-2034 (USD Million)
Table 63 Australia: Blockchain in Healthcare Market, by End Use, 2020-2034 (USD Million)
Table 64 Rest of Asia Pacific: Blockchain in Healthcare Market, by Application, 2020-2034 (USD Million)
Table 65 Rest of Asia Pacific: Blockchain in Healthcare Market, by Network Type, 2020-2034 (USD Million)
Table 66 Rest of Asia Pacific: Blockchain in Healthcare Market, by End Use, 2020-2034 (USD Million)
Table 67 Middle East & Africa: Blockchain in Healthcare Market, by Application, 2020-2034 (USD Million)
Table 68 Middle East & Africa: Blockchain in Healthcare Market, by Network Type, 2020-2034 (USD Million)
Table 69 Middle East & Africa: Blockchain in Healthcare Market, by End Use, 2020-2034 (USD Million)
Table 70 Saudi Arabia: Blockchain in Healthcare Market, by Application, 2020-2034 (USD Million)
Table 71 Saudi Arabia: Blockchain in Healthcare Market, by Network Type, 2020-2034 (USD Million)
Table 72 Saudi Arabia: Blockchain in Healthcare Market, by End Use, 2020-2034 (USD Million)
Table 73 UAE: Blockchain in Healthcare Market, by Application, 2020-2034 (USD Million)
Table 74 UAE: Blockchain in Healthcare Market, by Network Type, 2020-2034 (USD Million)
Table 75 UAE: Blockchain in Healthcare Market, by End Use, 2020-2034 (USD Million)
Table 76 Israel: Blockchain in Healthcare Market, by Application, 2020-2034 (USD Million)
Table 77 Israel: Blockchain in Healthcare Market, by Network Type, 2020-2034 (USD Million)
Table 78 Israel: Blockchain in Healthcare Market, by End Use, 2020-2034 (USD Million)
Table 79 South Africa: Blockchain in Healthcare Market, by Application, 2020-2034 (USD Million)
Table 80 South Africa: Blockchain in Healthcare Market, by Network Type, 2020-2034 (USD Million)
Table 81 South Africa: Blockchain in Healthcare Market, by End Use, 2020-2034 (USD Million)
Table 82 Rest of Middle East & Africa: Blockchain in Healthcare Market, by Application, 2020-2034 (USD Million)
Table 83 Rest of Middle East & Africa: Blockchain in Healthcare Market, by Network Type, 2020-2034 (USD Million)
Table 84 Rest of Middle East & Africa: Blockchain in Healthcare Market, by End Use, 2020-2034 (USD Million)
Table 85 Latin America: Blockchain in Healthcare Market, by Application, 2020-2034 (USD Million)
Table 86 Latin America: Blockchain in Healthcare Market, by Network Type, 2020-2034 (USD Million)
Table 87 Latin America: Blockchain in Healthcare Market, by End Use, 2020-2034 (USD Million)
Table 88 Mexico: Blockchain in Healthcare Market, by Application, 2020-2034 (USD Million)
Table 89 Mexico: Blockchain in Healthcare Market, by Network Type, 2020-2034 (USD Million)
Table 90 Mexico: Blockchain in Healthcare Market, by End Use, 2020-2034 (USD Million)
Table 91 Brazil: Blockchain in Healthcare Market, by Application, 2020-2034 (USD Million)
Table 92 Brazil: Blockchain in Healthcare Market, by Network Type, 2020-2034 (USD Million)
Table 93 Brazil: Blockchain in Healthcare Market, by End Use, 2020-2034 (USD Million)
Table 94 Argentina: Blockchain in Healthcare Market, by Application, 2020-2034 (USD Million)
Table 95 Argentina: Blockchain in Healthcare Market, by Network Type, 2020-2034 (USD Million)
Table 96 Argentina: Blockchain in Healthcare Market, by End Use, 2020-2034 (USD Million)
Table 97 Rest of Latin America: Blockchain in Healthcare Market, by Application, 2020-2034 (USD Million)
Table 98 Rest of Latin America: Blockchain in Healthcare Market, by Network Type, 2020-2034 (USD Million)
Table 99 Rest of Latin America: Blockchain in Healthcare Market, by End Use, 2020-2034 (USD Million)
List of Figures:
Figure 1. Global Blockchain in Healthcare Market, 2020-2034 (USD Million)
Figure 2. Integrated Ecosystem
Figure 3. Research Methodology: Top-Down & Bottom-Up Price
Figure 4. Market by Geography
Figure 5. Porter's Five Forces
Figure 6. Market by Application
Figure 7. Global Blockchain in Healthcare Market, by Application, 2024 & 2034 (USD Million)
Figure 8. Market by Network Type
Figure 9. Global Blockchain in Healthcare Market, by Network Type, 2024 & 2034 (USD Million)
Figure 10. Market by End Use
Figure 11. Global Blockchain in Healthcare Market, by End Use, 2024 & 2034 (USD Million)