71.1% CAGR is anticipated between 2025 and 2034.
Blockchain’s decentralised and encrypted characteristics, which provide strong security and privacy features, are revolutionising the healthcare sector.
Overview of the Market
It is anticipated that the global blockchain industry for healthcare will develop at an exponential rate. The market is expected to grow from its 2024 valuation of USD 831.54 million to an incredible USD 178,910.32 million by 2034, with a compound annual growth rate (CAGR) of 71.1% between 2025 and 2034, according to Polaris Market Research.
Recognising the Function of Blockchain in Healthcare
What is a blockchain?
A decentralised ledger technology called blockchain safely logs transactions over a dispersed network. To protect data integrity and stop unwanted changes, it makes use of cryptographic hashes.
Advantages of Healthcare
Blockchain makes it possible to store tamper-proof, encrypted data blocks in the healthcare industry. By automating reporting procedures for healthcare providers, this promotes regulatory compliance, improves patient coordination, and guarantees safe data sharing.
Market Report Snapshot
| Report Attributes | Details |
| Market Size in 2024 | Â USD 831.54 million |
| Market Size in 2025 | USD 1,422.10 million |
| Revenue by 2034 | USD 178,910.32 million |
| CAGR (2025–2034) | 71.1% |
Important Market Participants Fuelling Growth
Leading businesses are making significant investments in R&D to increase their capacities and range of products. Among the notable contributors are:
Blockpharma
Solve.Care BurstIQ IBM Oracle Patient Laboratory Inc.
Opportunities and Factors Driving Growth
Growth of Genomics and Personalised Medicine
One of the main factors propelling the market is the increasing need for secure management of sensitive patient data in genomics and personalised medicine. Blockchain protects anonymity while giving researchers the information they need.
Developments in Medical Diagnostics
By facilitating quicker and more accurate results, blockchain integration in diagnostics is transforming accuracy and patient outcomes.
Positive Regulatory Environments
Global market growth is being accelerated by government initiatives and regulatory support for blockchain use, including funding and pilot programs.
Analysis by Region
North America: Leading Market
Due to the presence of leading healthcare facilities, regulatory support, and the deployment of cutting-edge technologies, North America led the market in 2024.
Asia Pacific: The Region with the Fastest Growth
From 2025 to 2034, Asia Pacific is predicted to grow at the fastest rate. This quick growth is mostly due to investments in healthcare infrastructure and the increase in clinical trials.
Using Blockchain to Segment the Healthcare Market
Through Application
Clinical Trials & eConsent Clinical Data Exchange & Interoperability Claims adjudication & Billing Supply Chain Management
By Type of Network
Others, Private and Public
By Final Use
Medical Professionals
Payers of Healthcare
Medical Device and Biopharmaceutical Companies
By Area
North America: Canada, the US
Europe: France, Germany, the UK, etc.
Asia Pacific: Japan, India, China, and so forth.
Africa and the Middle East: Israel, Saudi Arabia, and the UAE
Latin America: Brazil and Mexico
Blockchain technology has the potential to completely transform the healthcare industry by protecting patient data, promoting research developments, and facilitating effective patient care. Due to favourable regulatory actions and increased awareness, the market is poised for growth never seen before.
Visit the official website of Polaris Market Research for more information or to seek discounts on the study.
