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Non-fungible Tokens (NFT) in Healthcare Market Size is valued at USD 177.3 Mn in 2024 and is predicted to reach USD 934.1 Mn by the year 2034 at a 18.2% CAGR during the forecast period for 2025-2034.
Non-fungible tokens are unique and significant digital assets stored on a blockchain, offering potential to transform healthcare by enhancing data security, patient control, and transparency. In healthcare, NFTs are primarily explored for patient-centric data management (46% of applications), enabling patients to own, track, and monetize their health data, such as genomic or wearable device records, through decentralized platforms.
Additionally, NFTs can motivate patients to participate by offering an enjoyable and rewarding way to monitor and improve health in return for monetary incentives. It is therefore anticipated that this will quicken market expansion. However, the lack of regulatory frameworks may make it more difficult to develop, approve, and launch new goods, which could affect the Non-fungible Tokens (NFT) in the Healthcare market's overall growth. On the other hand, NFTs can boost patient engagement by offering an enjoyable and rewarding way to monitor and enhance health in return for monetary incentives. This will support future Non-fungible Tokens (NFT) in Healthcare market expansion.
Competitive Landscape
Some Major Key Players In The Non-fungible Tokens (NFT) in Healthcare Market:
- Universal Health Token
- Aimedis
- Epillo Health
- io
- io
- IVIRSE
- Molecule
- AI
- BurstIQ
- ChainCode Consulting
- DeHealth
- TuumIO
- Other Market Players
Market Segmentation:
The Non-fungible Tokens (NFT) in the Healthcare market are segmented based on blockchain used, application area, and end-user. Based on the Blockchain Used, the market is segmented into Ethereum, Polygon, HyperLedger, and Others. By Application Area, the market is segmented into Health Records Management, Supply Chain Management, Health and Wellness, Genomics Research, Clinical Trial Consent, and Others. By End-user, the market is segmented into Patients, Pharmaceutical Companies, Healthcare Professionals, Insurance Companies, Academic Institutions / Government Bodies, and Others.
Based On The Blockchain Used, The Ethereum Segment Is Accounted As A Major Contributor To The Non-Fungible Tokens (NFT) In The Healthcare Market.
The Ethereum category is expected to hold a major global market share in 2021. This is because smart contracts that don't need to be verified by a third party were first introduced by the Ethereum blockchain, which provides more security and anonymity. Additionally, the development and use of more private blockchains are anticipated to propel the growth of NFT solutions that use other blockchains in the upcoming ten years. Furthermore, the growing emphasis on patient data ownership and monetization, along with the development of digital therapies and personalized medicine, has increased demand for NFT solutions based on Ethereum.
Insurance Companies Segment To Witness Growth At A Rapid Rate.
The Non-Fungible Tokens (NFT) in the healthcare market's Insurance Companies category are expanding significantly because of the growing interest in blockchain technology usage to improve the efficiency, security, and transparency of healthcare insurance operations. In order to facilitate claims processing and lower fraud, insurance companies are investigating NFTs as a means of tokenizing patient information, medical records, and treatment histories. This will enable safe and impenetrable record-keeping. The increasing requirement for interoperability among healthcare systems and the need for more individualized and traceable insurance solutions serve as additional catalysts for this adoption.
In The Region, The North American Non-Fungible Tokens (NFT) In The Healthcare Market Hold A Significant Revenue Share.
The North American Non-fungible Tokens (NFT) in the Healthcare market are expected to register the highest market share in revenue in the near future, driven by the increasing desire of interested parties to manage the expanding volume of medical data.The region's dominance in Non-fungible Tokens (NFT) within the Healthcare sector is further augmented by its strong healthcare infrastructure and the presence of numerous prominent blockchain and IT firms. In addition, Asia Pacific is projected to grow rapidly in the global Non-fungible Tokens (NFT) in the Healthcare market, mainly ascribed to the growing R&D effort, the impending product releases, and the growing awareness and usage of NFTs in this area. Additionally, it is anticipated that the growing use of cryptocurrencies in Asia-Pacific nations will propel regional market expansion.
Recent Development:
In Nov 2024: The Universal Health Token (UHT), supported by Animoca Brands, marked the successful selling of its inaugural NFT collection, intended to serve as a benefits pass for forthcoming project initiatives, collaborations, and product launches. The collection, entitled ‘PILLARS OF HEALTH,’ consisted of 1,500 complimentary mint NFTs, all of which were claimed through a first-come-first-served mechanism, with 918 NFTs allocated via assured locations.
Non-fungible Tokens (NFT) in Healthcare Market Report Scope
|
Report Attribute |
Specifications |
|
Market Size Value In 2024 |
USD xx Mn |
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Revenue Forecast In 2034 |
USD xx Mn |
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Growth Rate CAGR |
CAGR of xx% from 2025 to 2034 |
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Quantitative Units |
Representation of revenue in US$ Million and CAGR from 2025 to 2034 |
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Historic Year |
2021 to 2024 |
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Forecast Year |
2025-2034 |
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Report Coverage |
The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
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Segments Covered |
Blockchain Used, Application Area, And End-User |
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Regional Scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
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Country Scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; France; Italy; Spain; South East Asia; South Korea |
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Competitive Landscape |
Universal Health Token, Aimedis, Epillo Health, GenoBank.io, Genomes.io, IVIRSE, Molecule, Rejuve.AI, BurstIQ, ChainCode Consulting, DeHealth, and TuumIO. |
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Customization Scope |
Free customization report with the procurement of the report and modifications to the regional and segment scope. Particular Geographic competitive landscape. |
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Pricing And Available Payment Methods |
Explore pricing alternatives that are customized to your particular study requirements. |
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