Blockchain Technology in Healthcare Market
Explore how blockchain is transforming healthcare with secure data, EHRs, and fraud prevention. Discover key trends and insights for 2025 & beyond.
In the digital era, healthcare organizations are under sheer strain to protect sensitive information, combat fraud, improve efficiencies, and provide more patient-centric care. A traditional centralized data structure is no longer acceptable. Now, step in blockchain technology in healthcare, a revolutionary new technology redefining data security, interoperability, and operations in the healthcare industry.
The world blockchain in healthcare market is estimated to reach USD 214.86 billion by 2030, at a CAGR of 63.3% from 2024 to 2030, and USD 7.04 billion in 2023. This expansion is driven by the demand for secure, transparent, and cross-platform systems in a complex, data-driven healthcare world.
Understanding Blockchain Technology in Healthcare
Blockchain in health refers to the application of digital decentralized ledgers to safely manage, share and store medical records. A blockchain, unlike your typical database, stores information in connected blocks, secured from tampering by the wider network. This offers unparalleled security, transparency, and trust.
By way of electronic health records, drug supply chains, billing systems, and clinical trials, healthcare on blockchain becomes more agile and can deliver less error rates and an enhanced degree of data privacy and control for all the participants.
Why Blockchain Tech is Gaining Momentum in the Healthcare Industry
1. Data Security and Integrity
Healthcare systems manage large volumes of sensitive data prone to breaches. In the U.S. alone, over 1.9 million cyberattacks were reported in the healthcare sector in 2022. Blockchain technology healthcare addresses this issue by ensuring that medical records and transactions are securely encrypted and tamper-proof.
2. Interoperability
Different healthcare providers often use incompatible systems. Blockchain tech in the healthcare industry facilitates seamless data exchange while maintaining patient consent and regulatory compliance. It removes the silos and inefficiencies created by fragmented systems.
3. Counterfeit Drug Prevention
The application of blockchain in healthcare supply chains helps authenticate every stage of drug manufacturing and distribution. This is vital given that, according to WHO, 10% of medicines globally are counterfeit, rising to 30% in developing countries.
Key Applications of Blockchain in the Healthcare Market
1. Electronic Health Records (EHRs)
EHR management is a leading application of blockchain health care. Block chain can be used to build decentralized and unified health care records among multiple providers with privacy and consent preserved. Patients are empowered, and providers can get real-time, trusty information.
2. Supply Chain Management
Supply chain management constituted the largest segment in 2023. Blockchains enable healthcare organizations to track the provenance of medproducts—drugs, equipment, devices — from the source to the recipient. Every transaction is authenticated, recorded and unchangeable, thereby minimizing the likelihood of fraud or counterfeit merchandise.
This sector is expected to witness the highest growth in the next five years, as a need for real-time traceability, automated logistics and clear inventory records increases.
3. Clinical Trials & e-Consent
Managing clinical trials involves large datasets and multiple parties. Blockchain in healthcare brings credibility, transparency, and faster compliance. For instance, Mayo Clinic used a blockchain platform in a multicenter trial, ensuring real-time monitoring, data integrity, and secure patient consent.
4. Claims Processing and Billing
Blockchain for healthcare payers—like insurance firms and government agencies—simplifies claims adjudication and billing. Fraud is reduced, approvals are quicker, and errors are minimized through smart contracts and decentralized ledgers.
Case in point: Change Healthcare deployed blockchain at enterprise scale, processing over $2 trillion in annual claims via its Intelligent Healthcare Network.
Market Trends and Regional Insights
North America: The Global Leader
The blockchain technology in the healthcare market in U.S. accounted for the largest share of the market in 2023. With developed tech infrastructure, privacy regulations around data (HIPAA), and an increase in health costs – this manages the requirement for a secured and efficient system.
Notable development: Avaneer Health raised $50 million seed capital to build a blockchain enabled healthcare data network that is backed by leading U.S. payers and providers.
Europe: Early and Enthusiastic Adopters
Occupied 34.8% of the global market in 2023, Europe. Countries including Had 34.8 percent of the world market in 2023, Europe. Nations such as Germany, the UK and France are investing heavily in blockchain health care to store prescriptions, patient data and monitor medical devices.
Example: The UK's affiliated NHS teamed up with Guardtime to build MyPCR a blockchain application that lets 30 million patients view their healthcare records.
Asia Pacific: Rapid Growth & Innovation
Some countries, such as Japan, China and South Korea, are already seeing widespread adoption. Pilot projects The public sector-backed pilots in drug tracking; in clinical trials, and the use of blockchain to secure EHRs are the most obvious pushes by the government into blockchain integration.
Japan: Startups like Susmed are working on blockchain clinical trial platforms.
China: Tencent integrated blockchain into WeChat to offer healthcare payments and records access to over 1 billion monthly users.
Network Type Breakdown
Public Blockchains
Public blockchains Public blockchains are being increasingly used, which hold market share of 43.17% in 2023 and are renowned for open, transparent, and decentralized nature. Designed for EHRs, trials and global supply chains, they facilitate access and trust.
Private Blockchains
With a CAGR of 64.6% expected in the nature of private blockchains, they operate in a tight-knit setting—a perfect space for organizations in charge of sensitive data under strict legal compliances such as HIPAA or GDPR. These networks are private to vetted members, thus enforcing adherence and safety.
End-User Segmentation
Biopharmaceutical & Medical Device Companies – Largest Share (44.55%)
These companies manage complex supply chains and research data. Blockchain and healthcare integration helps detect counterfeits, streamline compliance, and secure intellectual property.
2022, NHS Wales and Roche Diagnostics used Digipharm’s blockchain for faster diagnostics and patient care optimization.
Payers – Fastest Growing Segment
Blockchain in health insurance companies is being used to prevent fraud, process claims faster, and streamline billing. All transactions are transparently recorded, facilitating trust between patients and suppliers.
Example: Change Healthcare's blockchain network has raised the bar for claim authentication and fraud mitigation.
Market Landscape: Innovation, Investment, and Partnerships
Solve.Care launched Care.Trials, a zero-knowledge blockchain network for efficient clinical trials.
IBM acquired Apptio to strengthen its blockchain-based IT and data management systems in healthcare.
Solve.Care + Binance (2023): Enabled crypto payments for healthcare via Care.Wallet, simplifying global healthcare transactions.
PokitDok, acquired by Change Healthcare in 2018, extended the blockchain capabilities of its Intelligent Healthcare Network.
These partnerships demonstrate how leading firms are investing in blockchain technology healthcare to optimize everything from operations to patient engagement.
Challenges to Address
However, despite the promise, blockchain adoption in health care has its obstacles:
Scalability Blockchains need to scale to handle substantial amounts of data.
Regulatory: It's essential to adhere with data laws such as HIPAA/GDPR.
Standardization: The industry must create universal protocols that allow for seamless interoperability.
But these challenges are racing innovation, too. We have Layer-2 blockchain solutions and decentralised identity management as well as zero-knowledge proofs already showing some progress on these.
Future Outlook: Blockchain and Healthcare Beyond 2025
Blockchain and healthcare will be synonymous by 2030. Hospitals, pharma companies and payers’ need for decentralized, secure and efficient data systems will only increase as these entities continue to transition to digital.
The market estimated at USD 214.86 billion speaks to the dire need to address long-standing issues concerning healthcare delivery, research, and administration.
Why It Matters Now?
The shift toward blockchain technology in healthcare is not just a tech trend—it’s a strategic necessity. In a world of increasing data security threats and evolving healthcare ecosystems, blockchain is emerging as a scalable, future-proof solution for digital transformation.
Whether it’s enhancing clinical results, securing patient records, or verifying drug provenance -- blockchain in healthcare is making our medical system safer, smarter, and more connected.