Blockchain In Healthcare Market – India
Market Statistics
- Base Year: 2024
- Historical Years: 2019-2024
- Forecast Years: 2025-2033
- Market Size in 2024: USD 94.79 Million
- Market Size in 2033: USD 1,549.14 Million
- Market Growth Rate (CAGR) 2025-2033: 36.40%
According to IMARC Group’s report titled “India Blockchain In Healthcare Market Report and Forecast 2025-2033,” the market reached USD 94.79 million in 2024. Looking forward, IMARC Group expects the market to reach USD 1,549.14 million by 2033, exhibiting a growth rate (CAGR) of 36.40% during 2025-2033.
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India Blockchain In Healthcare Market Trends and Drivers:
- The India blockchain in healthcare market is seeing considerable traction, led by growing interest in secure, tamper-proof, and efficient healthcare data management systems.
- Essentially, as the healthcare ecosystem creates huge volumes of patient records, diagnosis reports, insurance claims, and clinical trial data, the demand for tamper-evident, decentralized applications is spurring blockchain use within hospitals, pharma firms, and insurance companies.
- Apart from this, growing fears of data breaches, healthcare frauds, and duplicate records are compelling the stakeholders to implement blockchain for data integrity, interoperability, and confidentiality.
- Additionally, government efforts towards digitalization of health infrastructure by schemes like Ayushman Bharat Digital Mission are fueling investments in blockchain technology to facilitate streamlined healthcare services and share real-time data between various healthcare organizations.
- Apart from this, increasing use of telemedicine and digital health services is generating the demand for safe platforms that protect patient data, minimize errors, and build confidence among patients and doctors.
- Also, the combination of blockchain with the upcoming technologies like artificial intelligence, cloud computing, and the Internet of Things (IoT) is increasing its usage in predictive analytics, remote monitoring, and individualized treatment options.
- Apart from this, pharma firms are using blockchain to monitor the chain of drugs, provide authenticity, and fight counterfeit drugs, which is now a big issue in India’s healthcare industry.
- Furthermore, blockchain is being more commonly utilized in clinical trials for ensuring data transparency, authenticating results, and enhancing patient consent handling.
- Furthermore, insurance firms are implementing blockchain to lower the time taken for claim settlement, identify false claims, and increase overall operational efficiency, hence enhancing customer satisfaction.
- Apart from this, increasing the number of health-tech startups in India and increasing associations between technology providers and healthcare organizations are further driving blockchain adoption in the industry.
- In essence, the entire ecosystem is moving towards creating a patient-driven model where patients exercise more control over their healthcare information, and hospitals and insurers enjoy more efficient processes and cost savings.
- Overall, increasing needs for data protection, interoperability, anti-counterfeit drugs, and open healthcare operations are driving the adoption of blockchain technology in India’s healthcare industry, making it a paradigm-shifting phenomenon in India’s medical and digital economy.
India Blockchain In Healthcare Industry Segmentation:
The report has segmented the market into the following categories:
Network Type Insights:
- Private
- Public
- Others
Application Insights:
- Supply Chain Management
- Data Exchange and Interoperability
- Claims Adjudication and Billing Management
- Others
End Use Insights:
- Healthcare Providers
- Healthcare Payers
- Biopharmaceutical and Medical Device Companies
- Others
Regional Insights:
- North India
- South India
- East India
- West India
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Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
Key highlights of the Report:
- Market Performance (2019-2024)
- Market Outlook (2025-2033)
- COVID-19 Impact on the Market
- Porter’s Five Forces Analysis
- Strategic Recommendations
- Historical, Current and Future Market Trends
- Market Drivers and Success Factors
- SWOT Analysis
- Structure of the Market
- Value Chain Analysis
- Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
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