Smart Contracts in Healthcare Market is predicted to reach USD 6.07 billion at a CAGR of 14.64% during the forecast period

Market Research Future (MRFR) has published a cooked research report on the “Global Smart Contracts in Healthcare Market” that contains information from 2024 to 2032. The Global Smart Contracts in Healthcare Market is estimated to register a CAGR of 14.64% during the forecast period of 2024 to 2032.

MRFR recognizes the following companies as the key players in the Global Smart Contracts in Healthcare Market— IBM Corporation, Patientory, Factom, Proof Work, SimplyVital Health, Gem, PokitDok Inc, Hashed Health, Chronicled.

Smart Contracts Healthcare Market Highlights

Global Smart Contracts in Healthcare Market accounted to register a CAGR of 14.64% during the forecast period and are estimated to reach USD 6.07 Billion by 2032.

Smart contracts in healthcare refer to self-executing digital contracts that are built on blockchain technology and designed to automate and enforce the terms of agreements between healthcare stakeholders. These contracts enable secure and transparent transactions by eliminating the need for intermediaries and providing immutable and auditable records. In the healthcare industry, smart contracts can streamline processes such as patient data sharing, insurance claims, and supply chain management, enhancing efficiency, reducing costs, and improving data integrity. Smart contracts in healthcare have the potential to revolutionize the way healthcare services are delivered, ensuring trust, accuracy, and accountability in healthcare transactions while protecting patient privacy and data security.

Segment Analysis

The Global Smart Contracts in Healthcare Market has been segmented based on Blockchain Platform, Application.

Based on the Blockchain Platform, the market is segmented into Bitcoin, Sidechains, NXT and Ethereum. The Bitcoin category does not dominate the Smart Contracts in Healthcare market as smart contracts in healthcare typically rely on blockchain platforms like Ethereum, which have their native cryptocurrency (Ether) rather than Bitcoin.

Based on Application, the Market has been segmented into Patient Data Management, Electronic Health Records (EHRs), Supply Chain Management, Clinical Data Exchange and Interoperability, Claims Adjudication, And Billing Management. The Patient Data Management category dominates the Smart Contracts in Healthcare market due to its ability to securely store, manage, and share sensitive patient data through blockchain-based smart contracts, ensuring privacy, interoperability, and improved healthcare outcomes.

Regional Analysis

The Global Smart Contracts in Healthcare Market, based on region, has been divided into North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Global Smart Contracts in Healthcare Market comprises Germany, France, the UK, Italy, Spain, and the rest of Europe. The Global Smart Contracts in Healthcare Market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World's Global Smart Contracts in Healthcare Market comprises of Middle East, Africa, and Latin America.

North America held the largest market share in 2018 and is anticipated to continue dominating the global smart contracts in healthcare market throughout the forecast period. This can be attributed to substantial investments by leading companies such as IBM Corporation, SimplyVital Health, and Microsoft Corporation, along with significant contributions from research and academic institutions in the region.

Europe is expected to be the fastest-growing segment in the smart contracts in healthcare market, driven by increased healthcare expenditure in the developed economies of Western Europe.

Key Findings of the Study

• The Global Smart Contracts in Healthcare Market is expected to reach USD 6.07 Billion by 2032, at a CAGR of 14.64% during the forecast period.


• Driven by the rise in healthcare expenditure within developed economies of Western Europe, Europe is projected to emerge as the most rapidly growing segment in the smart contracts in healthcare market.


• Based on the Blockchain Platform, the Market has been segmented into Bitcoin the largest market in 2022.


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