Blockchain Technology in Healthcare Market SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024 - 2031)
Blockchain Technology in Healthcare Market is Segmented By Application (Drug Discovery, Clinical Trials), By Type of Blockchain (Public Blockchain, Pr....
Blockchain Technology in Healthcare Market Size
Market Size in USD
CAGR22.1%
| Study Period | 2024 - 2031 |
| Base Year of Estimation | 2023 |
| CAGR | 22.1% |
| Market Concentration | High |
| Major Players | ConsenSys, Embleema, Equideum Health, IBM Lifescience, MELLODDY |
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Blockchain Technology in Healthcare Market Analysis
The blockchain technology in healthcare market is estimated to be valued at USD 159 Mn in 2024 and is expected to reach USD 641 Mn by 2031, growing at a compound annual growth rate (CAGR) of 22.1% from 2024 to 2031. Blockchain technology allows for more transparency and security in healthcare data management and transactions, which is the major factor driving increased adoption across the healthcare industry.
The market is expected to witness significant growth during the forecast period. Healthcare providers are increasingly investing in blockchain solutions to improve efficiencies related to insurance claims, medical records management and supply chain management. Adoption across different applications such as clinical data exchange and interoperability, claims adjudication and billing management, drug supply chain integrity is also growing.