Blockchain Technology in Healthcare Market: Future Growth Dynamics

Blockchain Technology in Healthcare Market: Future Growth Dynamics

The Blockchain Technology in Healthcare Market is reshaping data security and interoperability in clinical workflows. Fueled by increasing digitization and stringent privacy regulations, the industry is witnessing rapid innovation in patient-centric solutions and supply-chain management.

Market Size and Overview

The blockchain technology in healthcare market is estimated to be valued at USD 194.5 Mn in 2025 and is expected to reach USD 796.0 Mn by 2032, growing at a compound annual growth rate (CAGR) of 22.3% from 2025 to 2032.

This market forecast underscores strong market revenue growth driven by demand for tamper-proof patient records. Industry size expansion is supported by cross-border clinical trials and IoMT integration, positioning Blockchain Technology in Healthcare Market as a critical technology amid evolving market dynamics and regulatory frameworks.

Market Segments

Key market segments include:
1. By Component
• Hardware
• Software – Dominant sub-segment, accounting for over 70% of blockchain technology in healthcare market revenue in 2024.
• Services – Fastest-growing sub-segment with a 32% CAGR from 2024 to 2025.

2. By Application
• Supply Chain Management
• Patient Data Management – Generated USD 80 Mn in 2024, leading in industry share.
• Clinical Trial Management – Fastest growth at 24% CAGR, driven by pilot programs at leading CROs.
• IoMT Integration

3. By End User
• Healthcare Providers
• Payers – Fastest-growing with 28% CAGR, adopting fraud prevention use cases.
• Pharma & Biotech – Dominant in revenue, leveraging blockchain for drug provenance.
• Research Organizations

Market Drivers

A primary market driver is the surge in data-privacy mandates across North America and Europe. In 2024, 68% of surveyed providers accelerated blockchain pilots to comply with GDPR and HIPAA-equivalent standards, enhancing auditability and consent management. This regulatory push has widened the market scope for secure EHR exchange, addressing long-standing market challenges around interoperability and data breaches.

Segment Analysis (Application)

Within application segments, patient data management led with USD 95 Mn in 2025, reflecting 25% year-on-year growth. Clinical trial management recorded the highest incremental revenue, jumping from USD 40 Mn in 2024 to USD 52 Mn in 2025 following a Pfizer–tech partner pilot that reduced data reconciliation time by 40%. Supply chain solutions saw a moderate uptick, while IoMT integration pilots by leading health systems underscore ongoing market opportunities in device data verification.

Consumer Behaviour Insights

End users in 2024–2025 exhibited three notable shifts:
• Demand for Integrated Platforms: A 2025 KLAS survey revealed 72% of providers prefer unified blockchain-IoT dashboards over siloed tools.
• Pricing Sensitivity: Smaller clinics showed willingness to adopt pay-as-you-use models, driving 18% uptake in managed blockchain services.
• Sustainability Preferences: Pharma buyers prioritized green-mining protocols, with 45% indicating environmental impact as a key purchase driver.

Key Players

Prominent market players include ConsenSys, Embleema, Equideum Health, IBM LifeScience, MELLODDY, Guardtime, Chronicled, Change Healthcare, Hashed Health, BurstIQ, Gem, HIVE, Modum, SimplyVital Health, Medicalchain, doc.ai, Healthereum, PokitDok, QEDIT, and MediLedger. In 2024–2025, IBM LifeScience launched a blockchain-based drug traceability platform, reducing counterfeit incidents by 30%. Embleema formed strategic partnerships with Biogen for patient data registries, while ConsenSys expanded its Ethereum-powered healthcare network into Asia, adding three new regional nodes.

Key Winning Strategies Adopted by Key Players
• Equideum Health’s tokenized consent model (2025) enabled dynamic patient permissions, boosting trial enrollment by 22%.
• IBM LifeScience implemented a decentralized identity protocol in 2024 to streamline cross-institutional credentialing, cutting verification time by 50%.
• MELLODDY’s federated learning with blockchain (2025) facilitated privacy-preserving pharma collaborations, increasing data-sharing engagement by 35%.

FAQs

1. Who are the dominant players in the Blockchain Technology in Healthcare Market?
Dominant players include IBM LifeScience, ConsenSys, Equideum Health, Embleema, and MELLODDY, each leading in applications from supply-chain to clinical trials.

2. What will be the size of the Blockchain Technology in Healthcare Market in the coming years?
The market size is projected to grow from USD 194.5 Mn in 2025 to USD 796.0 Mn by 2032 at a 22% CAGR.

3. Which end-user segment has the largest growth opportunity?
Payers are the fastest-growing segment with a 28% CAGR, driven by fraud detection and claims verification use cases.

4. How will market development trends evolve over the next five years?
Emerging Blockchain Technology in Healthcare Market trends include expanded federated learning, integrated IoMT solutions, and tokenized patient consent models.

5. What is the nature of the competitive landscape and challenges in the Blockchain Technology in Healthcare Market?
The landscape is fragmented, with challenges such as scalability, interoperability, and evolving compliance requirements weighing on market share and growth strategies.

6. What go-to-market strategies are commonly adopted in the Blockchain Technology in Healthcare Market?
Common approaches include strategic partnerships for pilot deployments, usage-based service models, and regulatory-aligned product offerings to address market restraints and accelerate adoption.

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About Author:

Ravina Pandya, Content Writer, has a strong foothold in the market research industry. She specializes in writing well-researched articles from different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. (https://www.linkedin.com/in/ravina-pandya-1a3984191)