Blockchain Technology In Healthcare Market Size

Blockchain Technology In Healthcare Market size is estimated to cross USD 215 Billion by the end of 2036, growing at a CAGR of 35% during the forecast period, i.e., 2024 – 2036. In the year 2023, the industry size of blockchain technology in healthcare was around USD 2.37 Billion. The industry is expected to benefit from growing investments in efficient medical examination systems, wearable device cryptography, and healthcare record systems. The number of linked wearable devices worldwide increased significantly between 2019 and 2022. This number increased from 929 million the previous year to almost 1.1 billion in 2022.

The prevalence of diseases is expected to rise, creating a huge volume of data and increasing the need for data management. The global data volume is currently created by the healthcare sector at about 30%. The compound annual growth rate of healthcare data will be 36% by 2025. This is 6% quicker than the industrial sector, 10% quicker than the financial sector, and 11% quicker than the media & entertainment sector.