Blockchain-based Medical Record System Market – By Offering, By Type, By Application, By End Use – Global Forecast, 2025 – 2034

Blockchain-Based Medical Record System Market Size

The global blockchain-based medical record system market was estimated at USD 783.6 million in 2024. The market is expected to grow from USD 1.1 billion in 2025 to USD 14.6 billion in 2034, at a CAGR of 32.9%, during the forecast period, according to the latest report published by Global Market Insights Inc. The market is driven by growing demand for patient-centric care models, increasing need for seamless health data interoperability, rising healthcare data breaches & cybersecurity costs, and a rise in telehealth and remote care, among other factors.

Blockchain-based medical record system is a secure, decentralized platform that uses blockchain technology to store, manage, and share patient health data, ensuring transparency, privacy, and interoperability across healthcare stakeholders.
 

Increasing adoption of electronic health records (EHR) and interoperability solutions, rising demand for secure and transparent healthcare data management, and use of blockchain for clinical trial data integrity and transparency are among the key factors propelling the industry growth. IBM, Microsoft, Oracle Corporation, Guardtime, and Avaneer HEALTH are among the leading players operating in the market. These players mainly focus on innovation, implementation of tools, and collaboration with local or regional players to further their geographical expansion plans.
 

Healthcare organizations are facing increasing threats of data breaches that can expose sensitive patient information and result in costly penalties for non-compliance. The decentralized structure and cryptographic security of blockchain help mitigate many cyberattack vulnerabilities. By ensuring immutable records and secure access, blockchain reduces cybersecurity risks and provides a high level of assurance for both patients and healthcare providers.
 

The healthcare industry is increasingly focused on empowering patients by giving them greater control over their health data. Blockchain enables secure, permission-based data sharing, allowing patients to decide who can access their information. This transparency supports more dynamic engagement with shared data, enhances participation in treatment planning, and improves health outcomes, making blockchain technology a key enabler of patient-centered ecosystems.
 

Additionally, the use of telehealth has risen significantly due to the need for virtual visits and remote monitoring. However, these services generate large volumes of sensitive data that must be transmitted and stored securely. Blockchain supports data integrity and real-time access among multiple stakeholders, enabling remote care that is both efficient and trustworthy in the digital health environment.
 

Furthermore, healthcare systems often struggle with fragmented data stored across multiple platforms. Blockchain offers a single, consistent, and decentralized framework for interoperability, enabling secure and standardized data exchange across hospitals, insurers, and patients. This capability reduces administrative inefficiencies and enhances coordinated care, serving as a major driver for adopting blockchain solutions in healthcare.
 

Blockchain-Based Medical Record System Market Trends

Clinical trial transparency, integration with Internet of Medical Things (IoMT) and wearables, smart contracts for automated processes, and patient-centric data ownership are among the key trends shaping the market growth.
 

• Healthcare is evolving toward models where patients have the control to manage their health data. The blockchain technology stores that data securely and in a decentralized manner and allows the user to provide access or revoke it with relative ease. This key trend is driving the trust and transparency to use with hospitals, doctors, and telehealth.
   
• In addition, the growth of IoMT devices creates large streams of health data, and blockchain is expected to maintain the integrity of the data while allowing stakeholders to share it in real time and without compromising security. This is expected to enhance remote monitoring and customized care, which may continue to drive the growth of the market.
   
• Smart contracts are transforming administrative workflows, such as insurance claim verification and billing processes. By using blockchain to automate verification and payments, organizations can reduce fraud and lower operational costs. This efficiency is expected to attract insurers and healthcare providers due to faster and more reliable implementation.
   
• Blockchain is also increasingly used to secure and timestamp clinical trial data, ensuring that all records are immutable and compliant with regulatory requirements. This trend is expected to continue as the industry seeks to prevent data manipulation and strengthen trust among regulators, researchers, and pharmaceutical manufacturers.
   

Blockchain-Based Medical Record System Market Analysis

Learn more about the key segments shaping this market

Download Free PDF

In 2021, the market was valued at USD 100.7 million and grew to USD 214.7 million in 2022, reaching USD 425.4 million by 2023. Increasing need for seamless health data interoperability and adoption of telehealth are among the key variables contributing to industry growth.
 

Based on offering, the global blockchain-based medical record system market is segmented into platform solutions and services. The platform solutions segment accounted for a leading share of 65% in 2024. Growing trend of decentralized and patient-controlled health data is anticipated to fuel the market growth. The segment is expected to exceed USD 9.6 billion by 2034, growing at a CAGR of 33.1% during the forecast period.
 

• Platform solutions form the backbone of blockchain-based medical record systems, providing the infrastructure for secure data storage, encryption, and decentralized access. These platforms enable interoperability between healthcare providers, insurers, and patients while ensuring compliance with privacy regulations like HIPAA and GDPR.
   
• They often integrate with existing EHR systems and support smart contracts for automated processes such as billing and insurance claims. Key differentiators among solutions include scalability, security, and integration capabilities. These solutions remain the largest segment as healthcare organizations pursue robust and secure platforms that can perform management of patient-sensitive data.
   
• The services segment was valued at USD 273.7 million in 2024. Services function as an enhancement of platforms with an emphasis on implementation, customization, and maintenance of blockchain delivery models within healthcare. These include consulting or general integration of blockchain with legacy systems and ongoing technical support, all of which ease the user/facility adoption process.
   
• Training and advice on compliance needs are expected to be necessary, as compliance may be dependent on blockchain adoption. As blockchain technology evolves, services are anticipated to support the upgrade of technology in addition to system optimization. As demand for tailored solutions and expertise increases, services may enhance healthcare organization’s ability to use blockchain effectively, with improved efficiency, and to securely share data.
   

Based on type, the global blockchain-based medical record system market is segmented into public blockchain, private blockchain, consortium/permissioned blockchain, and hybrid blockchain. The private blockchain segment accounted for a leading share and was valued at USD 392.2 million in 2024.
 

• Private blockchains are networks with restricted access; that means only authorized users can use them. This makes private blockchains preferable for healthcare organizations responsible for managing patient information as they offer high security, speed of transaction, and control over the data.
   
• Hospitals and insurers prefer private blockchain as it offers compliance with regulations like HIPAA and GDPR. Their centralized control within a decentralized framework ensures scalability and efficiency, making private blockchains the most widely adopted type in healthcare applications.
   
• The consortium/permission blockchain segment was valued at USD 216.2 million in 2024. They provide a shared, decentralized data network between multiple organizations and have emerged to create a collaborative healthcare ecosystem between hospitals, insurers, and research organizations. These blockchains provide transparency and accountability to stakeholders while enabling controlled access with trust.
   
• Consortium blockchains are beginning to emerge in the sharing of clinical trial data, and processing insurance claims while reducing fraud and increasing workflow efficiency. These features make consortium blockchains the fastest-growing segment, driven by partnerships to explore data exchange while maintaining the decentralization of blockchain with governance constructs.
   

Based on application, the global blockchain-based medical record system market is segmented into patient record management, clinical trial data sharing, insurance claim & fraud detection, and other applications. The patient record management segment accounted for a leading share and was valued at USD 318.8 million in 2024.
 

• Managing patient records is among the most common uses of blockchain in healthcare. It ensures secure, immutable storage of electronic health records (EHRs) while enabling controlled access for patients, providers, and insurers. Blockchain eliminates duplication and reduces administrative errors by creating a sole source of truth for medical data.
   
• Patients gain ownership of their records, allowing them to share information seamlessly across different healthcare systems. This improves care coordination, enhances privacy, and supports compliance with regulations such as HIPAA and GDPR, making it a key variable of blockchain adoption in healthcare.
   
• The clinical trial data sharing segment was valued at USD 193.9 million in 2024. Clinical trial data sharing utilizes blockchain to guarantee transparency, integrity, and traceability of research data. Traditional trial systems are often challenged by data manipulation and lack of trust in the ecosystem. Each transaction on blockchain is time-stamped and secured, resulting in an unchangeable audit trail that can be independently verified by researchers and regulators.
   
• Additionally, blockchain enables collaboration among pharmaceutical companies, research institutes, and healthcare providers, and when used properly, may speed up the drug development process. Overall, blockchain reduces fraud and improves compliance to increase trust in clinical research, making it one of the fastest-growing segments in the market.
   

Learn more about the key segments shaping this market

Download Free PDF

Based on end use, the blockchain-based medical record system market is segmented into hospitals and clinics, pharmaceutical companies, insurance providers, and other end users. The hospitals and clinics segment accounted for the leading market share of 46.3% in 2024 as both public and private hospital settings are investing in advanced technologies with a focus on improving their data sharing capabilities.
 

• Hospitals and clinics are the leading end use segment of blockchain-based medical record systems. They employ this technology for the purpose of securing patient data, improving workflows, and remaining compliant with privacy laws and regulations. Blockchain assists in achieving interoperability between different departments and external providers, which reduces administrative errors and improves care coordination.
   
• Additionally, hospitals also utilize blockchain computing for billing, insurance claims, and fraud prevention purposes, which enhances overall operational efficiency. Given the shift in focus towards telehealth as well as increased cybersecurity threats, hospitals and clinics are finding more value in adopting blockchain technology to keep sensitive health information secure and support seamless patient-centered services.
   
• Further, the pharmaceutical companies segment was valued at USD 196.5 million in 2024. Pharmaceutical companies primarily use blockchain to manage the data associated with clinical trial registrations and for increasing transparency within the supply chain.
   
• Moreover, use of blockchain mitigates the legitimacy of data and traceability within the trial, as well as reducing the possibility of manipulated data and counterfeit drugs. Clinical trial registrations enhance data integrity and ensure an immutable audit trail, which is crucial for regulatory and resiliency assurance.
   

Looking for region specific data?

Download Free PDF

North America Blockchain-based Medical Record System Market

North America market accounted for majority share of 60.1% in 2024 in the global market and is anticipated to show notable growth over the forecast period.
 

The global blockchain-based medical record system market research report includes an in-depth coverage of the industry with estimates and forecasts in terms of revenue in (USD Million) from 2021 – 2034 for the following segments:

Click here to Buy Section of this Report

Market, By Offering

• Platform solutions
• Services

Market, By Type

• Private blockchain
• Consortium/Permissioned blockchain
• Public blockchain
• Hybrid blockchain

Market, By Application

• Patient record management
• Clinical trial data sharing
• Insurance claim & fraud detection
• Other applications

Market, By End Use

• Hospitals and clinics
• Pharmaceutical companies
• Insurance providers
• Other end use

The above information is provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Spain
  • Italy
  • Netherlands
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
• Rest of the world (RoW)