Singapore Blockchain Technology In Healthcare Market Size & Outlook
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- Healthcare Information and Management Systems
- Blockchain Technology In Healthcare Market Outlook
- Healthcare Information and Management Systems
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Singapore blockchain technology in healthcare market highlights
- The Singapore blockchain technology in healthcare market generated a revenue of USD 207.3 million in 2024 and is expected to reach USD 4,021.0 million by 2030.
- The Singapore market is expected to grow at a CAGR of 63.9% from 2025 to 2030.
- In terms of segment, public was the largest revenue generating network type in 2024.
- 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 2024 | USD 207.3 million |
| Market revenue in 2030 | USD 4,021.0 million |
| Growth rate | 63.9% (CAGR from 2025 to 2030) |
| Largest segment | Public |
| Fastest growing segment | Private |
| Historical data | 2018 - 2023 |
| Base year | 2024 |
| Forecast period | 2025 - 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 2024.
- 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.
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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Blockchain Technology In Healthcare Market Scope
Blockchain Technology In Healthcare Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Oracle Corp | View profile | 164,000 | 2300 Oracle Way, Austin, TX, United States, 78741 | www.oracle.com |
| International Business Machines Corp | View profile | 282,200 | One New Orchard Road, Armonk, NY, United States, 10504 | www.ibm.com |
| UnitedHealth Group Inc | View profile | 440,000 | 9900 Bren Road East, UnitedHealth Group Center, Minnetonka, MN, United States, 55343 | www.unitedhealthgroup.com |
| Patientory | View profile | 1-10 | Atlanta, Georgia, United States, North America | patientory.com/ |
| iSolve | View profile | 11-50 | Philadelphia, Pennsylvania, United States, North America | isolve.io |
| Solve.Care | View profile | 101-250 | Tallin, Harjumaa, Estonia, Europe | solve.care |
| burstIQ | View profile | 1-10 | Denver, Colorado, United States, North America | www.burstiq.com/ |
| Medicalchain | View profile | 11-50 | London, England, United Kingdom, Europe | medicalchain.com |
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 Outlook will help companies and investors design strategic landscapes.
Public was the largest segment with a revenue share of 43.46% in 2024.
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.
- Singapore Blockchain Technology In Healthcare Market Network Type Outlook (Revenue, USD Million , 2018-2030)
- Private
- Public
- Other Network Type
- Singapore Blockchain Technology In Healthcare Market Application Outlook (Revenue, USD Million , 2018-2030)
- Clinical Data Exchange & Interoperability
- Claims Adjudication & Billing
- Supply Chain Management
- Clinical Trials & eConsent
- Other Application
- Singapore Blockchain Technology In Healthcare Market End Use Outlook (Revenue, USD Million , 2018-2030)
- Providers
- Payers
- Biopharmaceutical & Medical Device Companies
- Other End Use
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Horizon Databook provides a detailed overview of country-level data and insights on the Singapore Blockchain Technology In Healthcare Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into Singapore Blockchain Technology In Healthcare Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Singapore Blockchain Technology In Healthcare Market, 2018-2030 (US$M)
Singapore blockchain technology in healthcare market statistics, by network type, 2018-2030 (US$M)
