Frequently Asked Questions
The global blockchain technology in healthcare market was valued at USD 0.5 Billion in 2022.
The blockchain technology in healthcare market is expected to grow at a CAGR of 5.7% between 2023 and 2030, reaching USD 5.2 Billion in 2030.
Public is the leading segment by type, holding over 70% share in value in 2022.
The data exchange and interoperability segment govern the global demand for blockchain technology in healthcare, holding a massive share of over 30% in 2022
The pharmaceutical and medical device companies segment is expected to post the highest CAGR during the forecast period.
North America is fueling the growth of the blockchain technology in healthcare industry, with an over one-third share in 2022.
Medical Chain, Oracle Corporation, Farmatrust, iSolve, LLC, and Change Healthcare, Inc are top players.
The major market drivers are the increasing need for secure and interoperable health data exchange, the potential for enhanced transparency and trust in supply chain management, and the growing demand for efficient administrative processes and smart contracts.
The major market restraints are the complex regulatory and legal landscape and lack of standardized frameworks and guidelines for implementing blockchain in healthcare.
Improved patient outcomes through secure and decentralized electronic health records (EHRs), streamlined administrative processes and smart contracts, and enhanced transparency and trust in supply chain management.