Singapore Blockchain Technology In Healthcare Market Size & Outlook
Singapore blockchain technology in healthcare market, 2018-2030 (US$M)
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Singapore blockchain technology in healthcare market highlights
- The Singapore blockchain technology in healthcare market generated a revenue of USD 128.3 million in 2023 and is expected to reach USD 4,021.0 million by 2030.
- The Singapore market is expected to grow at a CAGR of 63.6% 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 128.3 million |
| Market revenue in 2030 | USD 4,021.0 million |
| Growth rate | 63.6% (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, Singapore 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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Singapore 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 43.26% in 2023. Horizon Databook has segmented the Singapore blockchain technology in healthcare market based on private, public, other network type covering the revenue growth of each sub-segment from 2018 to 2030.
Government and healthcare organizations in Singapore are exploring blockchain applications to establish a secure and efficient system for managing EHRs. An article published by Duke-NUS Medical School in November 2021 stated that the public healthcare sector is adopting innovation and incorporating emerging digital technologies.
This strategic initiative aligns with Smart Nation Singapore and the Research, Innovation, and Enterprise 2025 Plan. Blockchain can play a fundamental role in securely sharing health data among various healthcare entities, ensuring that patient information is accurate, private, and accessible only to authorized parties.
In addition, it can strengthen clinical trials, healthcare research, and drug traceability, contributing to an overall improvement in the healthcare ecosystem of the country. SingHealth, a leading healthcare institution, is actively engaged in exploring the blockchain's potential within the healthcare and research domains.
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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 Singapore blockchain technology in healthcare market , including forecasts for subscribers. This country databook contains high-level insights into Singapore blockchain technology in healthcare market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Singapore blockchain technology in healthcare market size, by network type, 2018-2030 (US$M)
Singapore Blockchain Technology In Healthcare Market Outlook Share, 2023 & 2030 (US$M)
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