US Blockchain for Healthcare Records Market

The US Blockchain for Healthcare Records Market, valued at USD 2.1 billion, is growing due to rising data breaches and digitization, enhancing data integrity and patient care.

Region:North America

Author(s):Rebecca

Product Code:KRAA3808

Pages:91

Published On:September 2025

About the Report

Base Year 2024

US Blockchain for Healthcare Records Market Overview

  • The US Blockchain for Healthcare Records Market is valued at USD 2.1 billion, based on a five-year historical analysis. This growth is primarily driven by the surge in healthcare data breaches, the need for robust data security, and the increasing digitization of medical records. The adoption of blockchain technology is further propelled by its ability to enhance interoperability, ensure data integrity, and streamline administrative processes, leading to improved patient care and reduced operational costs. Additional drivers include regulatory pressure for data privacy and the expansion of telemedicine and digital health initiatives, which require secure, transparent data exchange mechanisms .
  • Key hubs in this market include major cities such as New York, San Francisco, and Boston, which lead due to their advanced healthcare infrastructure, presence of leading technology firms, and significant investment in healthcare innovation. These regions also host numerous research institutions and healthcare providers actively piloting blockchain applications to strengthen data security, compliance, and patient engagement .
  • The regulatory landscape is shaped by the21st Century Cures Act (2016) issued by the US Congress, which mandates the use of interoperable electronic health information systems. This law promotes secure health data exchange and supports the adoption of advanced technologies, including blockchain, to ensure data integrity, patient privacy, and compliance with evolving standards .
US Blockchain for Healthcare Records Market Size

US Blockchain for Healthcare Records Market Segmentation

By Type:The market is segmented into three types: Public Blockchain, Private Blockchain, and Consortium Blockchain.Public Blockchainis gaining traction due to its decentralized structure, which enhances transparency and auditability, making it suitable for applications where trust and openness are critical.Private Blockchainis preferred by healthcare organizations requiring controlled access to sensitive patient data, supporting compliance with privacy regulations.Consortium Blockchainis favored for collaborative projects among multiple stakeholders, such as provider networks and insurance consortia, enabling shared governance and secure data sharing .

US Blockchain for Healthcare Records Market segmentation by Type.

By End-User:The end-user segmentation includes Hospitals and Clinics, Insurance Providers, Pharmaceutical Companies, Research Institutions, and Patients.Hospitals and Clinicsare the leading end-users, driven by the need for secure patient data management, interoperability, and regulatory compliance.Insurance Providersleverage blockchain for efficient claims processing, fraud prevention, and real-time data verification. Pharmaceutical Companies utilize blockchain for supply chain transparency and clinical trial management. Research Institutions and Patients are emerging end-users, focusing on secure data sharing and patient-centric data ownership .

US Blockchain for Healthcare Records Market segmentation by End-User.

US Blockchain for Healthcare Records Market Competitive Landscape

The US Blockchain for Healthcare Records Market is characterized by a dynamic mix of regional and international players. Leading participants such as IBM Corporation, Microsoft Corporation, Oracle Corporation, Guardtime, Chronicled, SimplyVital Health, Hashed Health, Solve.Care, Medicalchain, Factom, Rymedi, BurstIQ, Patientory, Embleema, ConsenSys Health contribute to innovation, geographic expansion, and service delivery in this space.

IBM Corporation

1911

Armonk, New York

Microsoft Corporation

1975

Redmond, Washington

Oracle Corporation

1977

Redwood City, California

Guardtime

2007

Tallinn, Estonia

Chronicled

2014

San Francisco, California

Company

Establishment Year

Headquarters

Company Size (Large, Medium, Small)

US Healthcare Blockchain Revenue

Revenue Growth Rate (US Market)

Number of US Healthcare Clients

Market Penetration (US Hospitals/Providers)

Average Contract Value

US Blockchain for Healthcare Records Market Industry Analysis

Growth Drivers

  • Increased Data Security:The US healthcare sector is projected to face over 1,000 data breaches in future, affecting millions of patient records. Blockchain technology offers a decentralized approach, significantly reducing the risk of unauthorized access. Healthcare data breaches cost the industry approximately $6 billion annually. By implementing blockchain, organizations can enhance data integrity and security, potentially saving up to $1.5 billion in breach-related costs.
  • Enhanced Interoperability:The US healthcare system is characterized by fragmented data silos, with over 70% of healthcare providers reporting difficulties in sharing patient information. Blockchain can facilitate seamless data exchange, improving interoperability among systems. The Office of the National Coordinator for Health Information Technology estimates that enhancing interoperability could save the US healthcare system approximately $30 billion annually, making blockchain a vital tool for achieving this goal.
  • Cost Reduction in Record Management:The average cost of managing healthcare records in the US is estimated at $20 billion annually. Blockchain can streamline record management processes, reducing administrative burdens and costs. A study by the American Health Information Management Association indicates that implementing blockchain could decrease record management costs by up to 30%, translating to potential savings of $6 billion per year for the healthcare sector.

Market Challenges

  • Regulatory Compliance Issues:The healthcare industry is heavily regulated, with compliance costs reaching approximately $39 billion annually. Blockchain solutions must adhere to regulations such as HIPAA, which can complicate implementation. The complexity of navigating these regulations can deter healthcare organizations from adopting blockchain technology, potentially stalling innovation and limiting market growth.
  • High Implementation Costs:The initial investment for blockchain technology in healthcare can exceed $1 million per organization. This high cost is a significant barrier, especially for smaller healthcare providers. According to the Healthcare Information and Management Systems Society, many organizations cite budget constraints as a primary reason for hesitance in adopting new technologies, including blockchain, which can hinder overall market expansion.

US Blockchain for Healthcare Records Market Future Outlook

The future of the US blockchain for healthcare records market appears promising, driven by technological advancements and increasing demand for secure data management. As healthcare organizations prioritize patient data ownership and interoperability, blockchain solutions are expected to gain traction. Additionally, the integration of artificial intelligence with blockchain could enhance data analytics capabilities, further driving adoption. The focus on decentralized applications and partnerships with technology firms will likely create a more robust ecosystem, fostering innovation and improving patient care outcomes.

Market Opportunities

  • Integration with IoT Devices:The rise of Internet of Things (IoT) devices in healthcare presents a significant opportunity for blockchain integration. In future, the number of connected medical devices is expected to reach 50 billion. Blockchain can enhance the security and interoperability of these devices, ensuring real-time data sharing and improving patient monitoring capabilities.
  • Expansion into Telehealth Services:The telehealth market is projected to grow to $250 billion in future. Blockchain can facilitate secure patient data sharing in telehealth services, enhancing trust and compliance. By leveraging blockchain, telehealth providers can ensure data integrity and streamline patient interactions, ultimately improving service delivery and patient satisfaction.

Scope of the Report

SegmentSub-Segments
By Type

Public Blockchain

Private Blockchain

Consortium Blockchain

By End-User

Hospitals and Clinics

Insurance Providers

Pharmaceutical Companies

Research Institutions

Patients

By Application

Patient Health Records (PHR)

Electronic Health Records (EHR)

Electronic Medical Records (EMR)

Clinical Data Management

Claims Management

Consent Management

Data Exchange & Interoperability

By Deployment Model

On-Premises

Cloud-Based

Hybrid Deployment

By Region

Northeast

Midwest

South

West

By Compliance Standards

HIPAA

HITECH

GDPR

Key Target Audience

Investors and Venture Capitalist Firms

Government and Regulatory Bodies (e.g., U.S. Department of Health and Human Services, Food and Drug Administration)

Healthcare Providers and Institutions

Insurance Companies

Pharmaceutical Companies

Technology Providers and Software Developers

Healthcare IT Companies

Health Information Exchanges

Players Mentioned in the Report:

IBM Corporation

Microsoft Corporation

Oracle Corporation

Guardtime

Chronicled

SimplyVital Health

Hashed Health

Solve.Care

Medicalchain

Factom

Rymedi

BurstIQ

Patientory

Embleema

ConsenSys Health

Table of Contents

Market Assessment Phase

1. Executive Summary and Approach


2. US Blockchain for Healthcare Records Market Overview

2.1 Key Insights and Strategic Recommendations

2.2 US Blockchain for Healthcare Records Market Overview

2.3 Definition and Scope

2.4 Evolution of Market Ecosystem

2.5 Timeline of Key Regulatory Milestones

2.6 Value Chain & Stakeholder Mapping

2.7 Business Cycle Analysis

2.8 Policy & Incentive Landscape


3. US Blockchain for Healthcare Records Market Analysis

3.1 Growth Drivers

3.1.1 Increased Data Security
3.1.2 Enhanced Interoperability
3.1.3 Cost Reduction in Record Management
3.1.4 Rising Demand for Patient-Centric Care

3.2 Market Challenges

3.2.1 Regulatory Compliance Issues
3.2.2 High Implementation Costs
3.2.3 Lack of Standardization
3.2.4 Resistance to Change from Traditional Systems

3.3 Market Opportunities

3.3.1 Integration with IoT Devices
3.3.2 Expansion into Telehealth Services
3.3.3 Development of Decentralized Applications
3.3.4 Partnerships with Tech Companies

3.4 Market Trends

3.4.1 Adoption of AI in Blockchain Solutions
3.4.2 Growth of Decentralized Finance (DeFi) in Healthcare
3.4.3 Increasing Focus on Patient Data Ownership
3.4.4 Rise of Blockchain-based Clinical Trials

3.5 Government Regulation

3.5.1 HIPAA Compliance
3.5.2 FDA Guidelines for Digital Health
3.5.3 State-Level Blockchain Legislation
3.5.4 Data Privacy Regulations

4. SWOT Analysis


5. Stakeholder Analysis


6. Porter's Five Forces Analysis


7. US Blockchain for Healthcare Records Market Market Size, 2019-2024

7.1 By Value

7.2 By Volume

7.3 By Average Selling Price


8. US Blockchain for Healthcare Records Market Segmentation

8.1 By Type

8.1.1 Public Blockchain
8.1.2 Private Blockchain
8.1.3 Consortium Blockchain

8.2 By End-User

8.2.1 Hospitals and Clinics
8.2.2 Insurance Providers
8.2.3 Pharmaceutical Companies
8.2.4 Research Institutions
8.2.5 Patients

8.3 By Application

8.3.1 Patient Health Records (PHR)
8.3.2 Electronic Health Records (EHR)
8.3.3 Electronic Medical Records (EMR)
8.3.4 Clinical Data Management
8.3.5 Claims Management
8.3.6 Consent Management
8.3.7 Data Exchange & Interoperability

8.4 By Deployment Model

8.4.1 On-Premises
8.4.2 Cloud-Based
8.4.3 Hybrid Deployment

8.5 By Region

8.5.1 Northeast
8.5.2 Midwest
8.5.3 South
8.5.4 West

8.6 By Compliance Standards

8.6.1 HIPAA
8.6.2 HITECH
8.6.3 GDPR

8.7 Others


9. US Blockchain for Healthcare Records Market Competitive Analysis

9.1 Market Share of Key Players

9.2 Cross Comparison of Key Players

9.2.1 Company Name
9.2.2 Company Size (Large, Medium, Small)
9.2.3 US Healthcare Blockchain Revenue
9.2.4 Revenue Growth Rate (US Market)
9.2.5 Number of US Healthcare Clients
9.2.6 Market Penetration (US Hospitals/Providers)
9.2.7 Average Contract Value
9.2.8 Customer Retention Rate
9.2.9 Compliance Certifications (HIPAA, HITECH, etc.)
9.2.10 Interoperability Score
9.2.11 Implementation Time (Average)
9.2.12 Customer Satisfaction Index (NPS or Equivalent)

9.3 SWOT Analysis of Top Players

9.4 Pricing Analysis

9.5 Detailed Profile of Major Companies

9.5.1 IBM Corporation
9.5.2 Microsoft Corporation
9.5.3 Oracle Corporation
9.5.4 Guardtime
9.5.5 Chronicled
9.5.6 SimplyVital Health
9.5.7 Hashed Health
9.5.8 Solve.Care
9.5.9 Medicalchain
9.5.10 Factom
9.5.11 Rymedi
9.5.12 BurstIQ
9.5.13 Patientory
9.5.14 Embleema
9.5.15 ConsenSys Health

10. US Blockchain for Healthcare Records Market End-User Analysis

10.1 Procurement Behavior of Key Ministries

10.1.1 Budget Allocation for Digital Health
10.1.2 Decision-Making Processes
10.1.3 Evaluation Criteria for Blockchain Solutions

10.2 Corporate Spend on Infrastructure & Energy

10.2.1 Investment in IT Infrastructure
10.2.2 Spending on Cybersecurity
10.2.3 Budget for Training and Development

10.3 Pain Point Analysis by End-User Category

10.3.1 Data Security Concerns
10.3.2 Integration with Existing Systems
10.3.3 User Experience Challenges

10.4 User Readiness for Adoption

10.4.1 Awareness of Blockchain Benefits
10.4.2 Training Needs
10.4.3 Perceived Barriers to Adoption

10.5 Post-Deployment ROI and Use Case Expansion

10.5.1 Measurement of ROI
10.5.2 Scalability of Solutions
10.5.3 Future Use Cases

11. US Blockchain for Healthcare Records Market Future Size, 2025-2030

11.1 By Value

11.2 By Volume

11.3 By Average Selling Price


Go-To-Market Strategy Phase

1. Whitespace Analysis + Business Model Canvas

1.1 Market Gaps Identification

1.2 Business Model Framework


2. Marketing and Positioning Recommendations

2.1 Branding Strategies

2.2 Product USPs


3. Distribution Plan

3.1 Urban Retail Strategies

3.2 Rural NGO Tie-ups


4. Channel & Pricing Gaps

4.1 Underserved Routes

4.2 Pricing Bands


5. Unmet Demand & Latent Needs

5.1 Category Gaps

5.2 Consumer Segments


6. Customer Relationship

6.1 Loyalty Programs

6.2 After-Sales Service


7. Value Proposition

7.1 Sustainability

7.2 Integrated Supply Chains


8. Key Activities

8.1 Regulatory Compliance

8.2 Branding

8.3 Distribution Setup


9. Entry Strategy Evaluation

9.1 Domestic Market Entry Strategy

9.1.1 Product Mix
9.1.2 Pricing Band
9.1.3 Packaging

9.2 Export Entry Strategy

9.2.1 Target Countries
9.2.2 Compliance Roadmap

10. Entry Mode Assessment

10.1 Joint Ventures

10.2 Greenfield Investments

10.3 Mergers & Acquisitions

10.4 Distributor Model


11. Capital and Timeline Estimation

11.1 Capital Requirements

11.2 Timelines


12. Control vs Risk Trade-Off

12.1 Ownership vs Partnerships


13. Profitability Outlook

13.1 Breakeven Analysis

13.2 Long-Term Sustainability


14. Potential Partner List

14.1 Distributors

14.2 Joint Ventures

14.3 Acquisition Targets


15. Execution Roadmap

15.1 Phased Plan for Market Entry

15.1.1 Market Setup
15.1.2 Market Entry
15.1.3 Growth Acceleration
15.1.4 Scale & Stabilize

15.2 Key Activities and Milestones

15.2.1 Activity Timeline
15.2.2 Milestone Tracking

Research Methodology

ApproachModellingSample

Phase 1: Approach1

Desk Research

  • Analysis of industry reports from healthcare technology associations and blockchain research organizations
  • Review of academic journals and publications focusing on blockchain applications in healthcare
  • Examination of government and regulatory body publications regarding healthcare data management and blockchain initiatives

Primary Research

  • Interviews with healthcare IT executives and blockchain solution providers
  • Surveys targeting healthcare professionals, including doctors and administrators, on blockchain adoption
  • Focus groups with patients to understand perceptions of blockchain for health records

Validation & Triangulation

  • Cross-validation of findings through multiple data sources, including market reports and expert opinions
  • Triangulation of qualitative insights from interviews with quantitative data from surveys
  • Sanity checks conducted through expert panel reviews comprising industry veterans and blockchain specialists

Phase 2: Market Size Estimation1

Top-down Assessment

  • Estimation of the total addressable market (TAM) for blockchain in healthcare based on overall healthcare IT spending
  • Segmentation of the market by application areas such as patient records, supply chain management, and clinical trials
  • Incorporation of growth rates from related sectors, including telehealth and digital health solutions

Bottom-up Modeling

  • Collection of data from blockchain technology vendors on pricing models and service adoption rates
  • Estimation of market penetration rates based on current adoption trends in healthcare organizations
  • Volume x cost analysis for various blockchain solutions tailored to healthcare needs

Forecasting & Scenario Analysis

  • Multi-factor regression analysis incorporating variables such as regulatory changes, technological advancements, and market demand
  • Scenario planning based on potential future developments in healthcare policies and blockchain technology
  • Creation of baseline, optimistic, and pessimistic forecasts through 2030

Phase 3: CATI Sample Composition1

Scope Item/SegmentSample SizeTarget Respondent Profiles
Healthcare Providers Adoption100IT Directors, Chief Information Officers
Patient Data Management60Healthcare Administrators, Data Privacy Officers
Blockchain Technology Vendors40Product Managers, Business Development Executives
Regulatory Compliance Insights50Compliance Officers, Legal Advisors in Healthcare
Patient Perspectives on Blockchain70Patients, Healthcare Advocates

Frequently Asked Questions

What is the current value of the US Blockchain for Healthcare Records Market?

The US Blockchain for Healthcare Records Market is valued at approximately USD 2.1 billion, driven by the increasing need for data security, interoperability, and the digitization of medical records, alongside regulatory pressures for data privacy.

What are the main drivers of growth in the US Blockchain for Healthcare Records Market?

Which regions are leading in the US Blockchain for Healthcare Records Market?

What types of blockchain are used in healthcare records management?

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