India Blockchain Technology In Healthcare Market Size & Outlook
India blockchain technology in healthcare market, 2018-2030 (US$M)
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India blockchain technology in healthcare market highlights
- The India blockchain technology in healthcare market generated a revenue of USD 144.6 million in 2023 and is expected to reach USD 4,985.6 million by 2030.
- The India market is expected to grow at a CAGR of 65.8% 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 144.6 million |
| Market revenue in 2030 | USD 4,985.6 million |
| Growth rate | 65.8% (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, India accounted for 2.1% 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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India 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 India 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 healthcare sector in India is expected to experience a considerable positive impact once blockchain technology-based systems are implemented across the healthcare provider and patient ecosystem. As per projections by the World Economic Forum, an estimated 10% of the global GDP is predicted to be saved on the blockchain by 2025.
The integration of blockchain with EHRs throughout hospital networks can ensure efficient access for stakeholders. It can significantly reduce the time needed to access a patient's medical history and eliminate unnecessary costs associated with redundant medical procedures.
Moreover, hospitals and relevant stakeholders can avoid investments in different software and databases, ultimately turning to cost reductions. This promising prospect is likely to fuel the market in India, providing a more efficient and economical healthcare data management system.
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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 India blockchain technology in healthcare market , including forecasts for subscribers. This country databook contains high-level insights into India blockchain technology in healthcare market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India blockchain technology in healthcare market size, by network type, 2018-2030 (US$M)
India Blockchain Technology In Healthcare Market Outlook Share, 2023 & 2030 (US$M)
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