Emerging Trends Redefining the Bladder Liners Market Landscape: Launch Of Blockchain-Compliant Ecosystem To Enhance Healthcare Data Security And Privacy
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What Is the Estimated Market Size of the Blockchain Technology In Healthcare Market In 2029?
Recent years have seen staggering growth in the market size of blockchain technology in healthcare. It is projected to increase from $3.86 billion in 2024 to $5.67 billion in 2025, marking a compound annual growth rate (CAGR) of 46.7%. Reasons for this enormous growth during the previous period include an escalating need for secure, unalterable storage of medical data, a rise in awareness regarding data breaches and cybersecurity threats suffered by healthcare systems. Further factors promoting growth include the rising use of electronic health records, the boom in telemedicine and digital health services utilization, along with the mounting requirement for interoperability and flawless exchange of health-related data.
Looking forward, the market size of blockchain technology in the healthcare sector is predicted to grow dramatically in the coming years. By 2029, it’s anticipated to reach $25.99 billion with an annual compound growth rate (CAGR) of 46.3%. Factors like growing healthcare costs, heightened investment in healthcare IT framework, an increase in clinical trials demanding transparent and trackable data, a shift towards patient-centered care and data ownership, and bolstered government and regulatory backing are accountable for the forecasted growth. Key trends for this period will likely involve advancements in blockchain protocols, the introduction of blockchain to electronic health records (EHR) systems, the emergence of decentralized identity solutions, and progress in blockchain-powered supply chain management in the pharmaceutical industry.
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What Are the Core Market Drivers Propelling Growth in the Blockchain Technology In Healthcare Industry?
The surge in healthcare data breaches is anticipated to stimulate the expansion of the blockchain technology in healthcare market in the foreseeable future. Healthcare data breaches imply the unauthorized disclosure, access, or theft of confidential patient information from healthcare systems, often leading to privacy infringement, identity theft, and regulatory repercussions. Outdated security systems lacking contemporary encryption protocols, regular software updates, and advanced threat detection mechanisms often cause these data breaks, steeply enhancing their susceptibility to cyberattacks and unauthorized access of sensitive patient data. Blockchain technology in healthcare aids in handling these rising instances of healthcare data breaches by offering decentralized, superior encryption and regulated access to sensitive patient information, thereby enhancing security, transparency, and trust. For example, as per the HIPAA Journal, a US-based publication, in March 2025, the exposure or theft of healthcare data reached an unprecedented high, with 168 million records exposed or stolen in 2023, overshadowing 51.9 million in 2022 and 45.9 million in 2021. Therefore, the escalating instances of healthcare data breaches are fuelling the growth of the blockchain technology in healthcare market.
How Is the Blockchain Technology In Healthcare Market Segmented?
The blockchain technology in healthcare market covered in this report is segmented –
1) By Component: Software, Hardware, Services
2) By Network Type: Public Blockchain, Private Blockchain, Hybrid Blockchain
3) By Application: Clinical Data Exchange And Interoperability, Claims Adjudication And Billing, Supply Chain Management, Clinical Trials And eConsent, Other Applications
4) By End User: Healthcare Providers, Pharmaceutical Companies, Insurance Companies, Research Institutions
Subsegments:
1) By Software: Blockchain Platforms, Smart Contracts, Data Security And Encryption Solutions, Healthcare Information Systems
2) By Hardware: Blockchain Nodes, Cryptographic Hardware, Internet Of Medical Things (IoMT) Devices
3) By Services: Blockchain Consulting, Blockchain Integration And Development, Blockchain As A Service (BaaS), Managed Services, Support And Maintenance Services
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Which Regions Are Driving the Next Phase of the Blockchain Technology In Healthcare Market Growth?
North America was the largest region in the blockchain technology in healthcare market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the blockchain technology in healthcare market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Key Market Trends and Innovations Are Shaping the Future of the Blockchain Technology In Healthcare Industry?
Top firms in the healthcare blockchain technology sector are concentrating on creating cutting-edge solutions such as blockchain-enabled ecosystems for healthcare. This is aimed at bolstering data protection, discretion, and compatibility within medical systems. A blockchain-authorized ecosystem refers to a digital setup that complies with the standards and technical pre-requisites of blockchain technology. This ensures that all systems within the ecosystem function in a decentralized, transparent, and secure manner. A case in point was in March 2025, when Circular Protocol, a Swiss firm specializing in investment data management, coupled with Arculus by CompoSecure, an American premium financial card producer. They introduced the inaugural blockchain-authorized ecosystem specifically for healthcare providers with the aim of bolstering data protection, transparency, and patient discretion. By amalgamating Arculus’s physical verification card with Circular’s MedTech gadget and IT Lab’s Smart Share platform, medical practitioners and patients can securely validate and digitally endorse healthcare transactions on-chain, all without any cryptocurrency know-how.
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How Is the Blockchain Technology In Healthcare Market Defined and What Are Its Core Parameters?
Blockchain technology in healthcare refers to the use of a decentralized, tamper-proof digital ledger system to securely manage, share, and exchange medical and patient data across various entities. It also gives patients greater control over their health data by enabling them to decide who can access it while offering clear and trackable records of how their information is used.
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