PUBLISHER: The Business Research Company | PRODUCT CODE: 1760064
PUBLISHER: The Business Research Company | PRODUCT CODE: 1760064
Blockchain for medical records involves utilizing decentralized, secure, and tamper-resistant digital ledgers to store, manage, and share patient health information. This approach promotes transparency, ensures interoperability, and maintains data integrity, while allowing authorized healthcare providers real-time access. It also helps minimize administrative inefficiencies, boosts protection against cyber threats, and gives patients greater control over their medical data.
The primary types of blockchain used for medical records include public blockchain, private blockchain, consortium blockchain, and hybrid blockchain. A public blockchain is characterized as an open-access network where anyone can join without limitations. It offers transparency and immutability of all transactions, fostering trust among participants. It incorporates technologies such as distributed ledger technology and smart contracts, and is used in areas including patient data management, interoperability, billing and claims processing, and clinical trials and research. Key users include healthcare providers, pharmaceutical firms, insurance companies, and research organizations.
The blockchain for medical records market research report is one of a series of new reports from The Business Research Company that provides blockchain for medical records market statistics, including blockchain for medical records industry global market size, regional shares, competitors with a blockchain for medical records market share, detailed blockchain for medical records market segments, market trends and opportunities, and any further data you may need to thrive in the blockchain for medical records industry. This blockchain for medical records market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The blockchain for medical records market size has grown rapidly in recent years. It will grow from $0.91 billion in 2024 to $1.06 billion in 2025 at a compound annual growth rate (CAGR) of 17.2%. The growth during the historical period can be attributed to concerns over data security, the rise of electronic health records, regulatory compliance demands, a surge in healthcare data breaches, and the growing need for interoperability.
The blockchain for medical records market size is expected to see rapid growth in the next few years. It will grow to $1.98 billion in 2029 at a compound annual growth rate (CAGR) of 16.8%. The projected growth in the forecast period can be linked to the increasing adoption of blockchain in healthcare, rising demand for secure patient data exchange, growing government initiatives, the expansion of telemedicine, and the cost-efficiency advantages of blockchain technology. Key trends expected during this period include advancements in blockchain protocols, integration with artificial intelligence, heightened research and development activities, innovations in decentralized healthcare systems, and the emergence of blockchain-based interoperability solutions.
The rising demand for secure and transparent data management is expected to drive the growth of the blockchain for medical records market in the coming years. Secure and transparent data management involves safeguarding data from threats while ensuring it remains clear and accessible to authorized individuals. A major factor contributing to this demand is the growing number of data breaches, which has underscored the need for systems that maintain data integrity, foster user trust, and meet regulatory requirements. Blockchain plays a critical role in secure and transparent medical record management by offering an immutable, decentralized ledger that prevents data tampering and allows access only to authorized users, with complete traceability. For example, in January 2024, the Identity Theft Resource Center, a US-based non-profit organization, reported a 78% increase in data compromises in 2023 compared to 2022, with 3,205 incidents impacting 353 million individuals. Thus, the growing need for secure and transparent data management is fueling the expansion of the blockchain for medical records market.
Leading companies in the blockchain for medical records market are prioritizing technological advancements, such as on-chain medical authentication, to offer healthcare providers secure, transparent, and tamper-resistant systems. On-chain medical authentication involves the secure verification and recording of medical procedures, patient information, and healthcare transactions directly on a blockchain, promoting transparency, preserving data integrity, and preventing fraud. For example, in March 2025, Circular Protocol, a US-based developer of a multi-chain Layer 1 blockchain, collaborated with Arculus by CompoSecure (CMPO), a US-based digital security firm, and IT Lab, a UK-based IT support and strategy provider, to introduce the Smart Share white-label platform. This blockchain-based system is designed for medical record authentication and verification. A key feature of the platform is the integration of Arculus Authentication with Circular's MedTech device, which equips healthcare facilities with physical cards embedded with private keys. Authorized medical personnel can securely sign off on procedures and transactions on the Circular blockchain using a simple tap-to-computer process.
In March 2022, Triall, a Netherlands-based provider of blockchain-integrated solutions for clinical trials, partnered with Crucial Data Solutions (CDS) to launch the first comprehensive eClinical platform powered by blockchain technology. As part of this collaboration, Triall will incorporate its blockchain APIs into CDS's eClinical tools to create blockchain-enabled platforms. The goal of the partnership is to develop a future-oriented system that supports emerging trends in clinical trials, such as real-world data collection and decentralized trial models, while strengthening data integrity and reliability. Crucial Data Solutions (CDS) is a US-based company that offers eClinical software solutions.
Major players in the blockchain for medical records market are International Business Machines Corporation, iSolve LLC, Guardtime AS, PokitDok Inc., Avaneer Health Inc., MediBloc Inc., Patientory Inc., BurstIQ Inc., Solve.Care Foundation, Triall Foundation, FarmaTrust Ltd., Iryo.io Ltd., Medicalchain Ltd., UnitedHealth Group Incorporated, Blockpharma SAS, Medifakt Pte. Ltd., Clinicoin LLC, Briya, Gem Corporation, and Embleema.
North America was the largest region in the blockchain for medical records market in 2024. The regions covered in blockchain for medical records report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The countries covered in the blockchain for medical records market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The blockchain for medical records market includes revenues earned by entities by providing services such as secure medical data storage, patient consent management, and decentralized medical data exchange. The market value includes the value of related goods sold by the service provider or included within the service offering. The blockchain for medical records market also includes sales of off-chain storage, blockchain node servers, and gateway devices. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values and are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Blockchain For Medical Records Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on blockchain for medical records market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for blockchain for medical records ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The blockchain for medical records market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.