Blockchain in Healthcare Market | Trends 2031

Q: How big is the blockchain in healthcare market?

Blockchain in healthcare market was estimated at USD 1.2 billion in 2024 and is projected to reach USD 7.5 billion by 2031.

Q: What is driving blockchain adoption in healthcare?

The need for data security, transparency, and fraud prevention in health systems are driving the adoption of blockchain in healthcare.

Q: What are the major applications of blockchain in healthcare?

Patient data management, drug traceability, insurance claims, and clinical trials are major applications in healthcare.

Q: What challenges does the blockchain in healthcare market face?

Regulatory compliance, high implementation costs, and interoperability issues are the challenges faced by the market.

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Code: MTA5097

Publication Date: Jul 2025

What is the size of the Blockchain in Healthcare Market?

According to 6Wresearch internal database and industry insights, the Global Blockchain IoT Market was valued at USD 0.6 Billion in 2024 and is expected to reach USD 3.2 Billion by 2031, growing at a compound annual growth rate of 10.80% during the forecast period (2025-2031).

Due to increasing demand for secure health data exchange, fraud prevention, and improved transparency in medical supply chains and patient records, the market is predicted for an exceptional growth in the coming years.

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Key Growth Factors of the Blockchain in Healthcare Market

Rising need for secure and tamper-proof medical data sharing
Increasing adoption of electronic health records (EHRs)
Demand for transparency in pharmaceutical supply chains
Growth in health insurance fraud mitigation
Government initiatives promoting data interoperability and patient privacy

Blockchain in Healthcare Market Trends

Blockchain in healthcare market is moving forward with the several factors include the implementation of decentralized patient identity systems and real-time data access through smart contracts. The market is noticed the surge in blockchain pilots across public health systems, and healthcare providers are using blockchain for clinical trials, prescription management, and consent tracking. Collectively, all these trends are contributing in the reshaping the market.

Emerging Developments in the Blockchain in Healthcare Market

There are new developments are occurred in the blockchain in healthcare market with the innovation which include blockchain-powered personal health wallets, decentralized clinical research platforms, and cross-border patient record interoperability. Integration with AI and IoT is enabling real-time diagnostics and secure medical device tracking. Governments and startups are collaborating to address privacy, compliance, and scalability challenges in healthcare blockchain deployment.