Australia Blockchain Technology In Healthcare Market Size & Outlook
Australia blockchain technology in healthcare market, 2018-2030 (US$M)
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Australia blockchain technology in healthcare market highlights
- The Australia blockchain technology in healthcare market generated a revenue of USD 125.4 million in 2023 and is expected to reach USD 3,917.3 million by 2030.
- The Australia market is expected to grow at a CAGR of 63.5% from 2024 to 2030.
- In terms of segment, public was the largest revenue generating network type in 2023.
- Private is the most lucrative network type segment registering the fastest growth during the forecast period.
Blockchain technology in healthcare market data book summary
| Market revenue in 2023 | USD 125.4 million |
| Market revenue in 2030 | USD 3,917.3 million |
| Growth rate | 63.5% (CAGR from 2023 to 2030) |
| Largest segment | Public |
| Fastest growing segment | Private |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Private, Public, Other Network Type |
| Key market players worldwide | International Business Machines Corp, Oracle Corp, UnitedHealth Group Inc, Patientory, iSolve, Solve.Care, burstIQ, Medicalchain |
Other key industry trends
- In terms of revenue, Australia accounted for 1.8% of the global blockchain technology in healthcare market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, Japan blockchain technology in healthcare market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 4,985.6 million by 2030.
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Blockchain Technology In Healthcare Market Scope
Blockchain Technology In Healthcare Market Companies
| Name | Profile | # Employees | HQ | Website |
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Australia blockchain technology in healthcare market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to blockchain technology in healthcare market will help companies and investors design strategic landscapes.
Public was the largest segment with a revenue share of 43.22% in 2023. Horizon Databook has segmented the Australia blockchain technology in healthcare market based on private, public, other network type covering the revenue growth of each sub-segment from 2018 to 2030.
The department investigated the potential of blockchain in verifying the identity of individuals accessing medical data, understanding the purpose behind their access, and securely documenting research inquiries in collaboration with the secure cloud provider Vault Systems for data hosting and the local startup Agile Digital for its distributed ledger technology.
In 2018, the Australian Government successfully tested blockchain for medical data access, characterized by the My Health Record platform. Blockchain is gaining traction across various sectors in Australia, including healthcare, finance, and real estate.
The My Health Record, though centralized, has initiated a debate due to data security concerns. Blockchain offers a secure and accessible alternative by decentralizing data storage and enhancing transaction validation and authentication in healthcare.
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Our clientele includes a mix of blockchain technology in healthcare market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Australia blockchain technology in healthcare market , including forecasts for subscribers. This country databook contains high-level insights into Australia blockchain technology in healthcare market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Australia blockchain technology in healthcare market size, by network type, 2018-2030 (US$M)
Australia Blockchain Technology In Healthcare Market Outlook Share, 2023 & 2030 (US$M)
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