Non-fungible Tokens (NFT) in Healthcare Market Driving

Non-fungible Tokens (NFT) in Healthcare Market

InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the ” Non-fungible Tokens (NFT) in Healthcare Market- (By Blockchain Used (Ethereum, Polygon, HyperLedger, Others), By Application Area (Health Records Management, Supply Chain Management, Health and Wellness, Genomics Research, Clinical Trial Consent, Others), By End-user (Pharmaceutical Companies, Healthcare Professionals, Patients, Insurance Companies, Academic Institutions / Government Bodies, Others)), Trends, Industry Competition Analysis, Revenue and Forecast To 2034.”

According to the latest research by InsightAce Analytic, the Non-fungible Tokens (NFT) in Healthcare Market is valued at USD 177.3 Mn in 2024, and it is expected to reach USD 934.1 Mn by the year 2034, with a CAGR of 18.2% during the forecast period of 2025-2034.

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Non-Fungible Tokens (NFTs) are distinctive digital assets that utilize blockchain technology to represent a wide variety of entities, including collectibles, music, artwork, video clips, and, increasingly, medical data. Unlike cryptocurrencies, NFTs are indivisible-meaning they cannot be partitioned into smaller units-and are immutable, ensuring robust security and privacy by preventing unauthorized access to stored information.

These characteristics make NFTs particularly well-suited for applications in the healthcare sector, where data integrity and confidentiality are paramount. Potential use cases include the secure management of electronic health records, genomic information, clinical trial consent forms, supply chain verification, and blood donation tracking. The continued evolution of Web 3.0 technologies, combined with the integration of artificial intelligence into healthcare systems-particularly within electronic medical record (EMR) platforms-offers substantial potential for expanding NFT adoption across the industry.

Additionally, NFTs present innovative opportunities for patient engagement by enabling token-based reward systems that incentivize healthy behaviors, thereby fostering proactive health management. Collectively, these advancements are expected to accelerate the adoption of NFTs in the global healthcare market, particularly in domains that demand secure, transparent, and patient-centered data management solutions.

List of Prominent Players in the Non-fungible Tokens (NFT) in Healthcare Market:

• Universal Health Token

• Aimedis

• Epillo Health

• GenoBank.io

• Genomes.io

• IVIRSE

• Molecule

• Rejuve.AI

• BurstIQ

• ChainCode Consulting

• DeHealth

• TuumIO

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Market Dynamics

Drivers:

The adoption of Non-Fungible Tokens (NFTs) in the healthcare sector is being propelled by several influential factors. One of the most significant is the rapid increase in global cryptocurrency users, which has heightened public familiarity with blockchain principles such as digital ownership, decentralization, and tokenization. This growing awareness creates a favorable foundation for NFT integration into various industries, including healthcare.

Furthermore, NFTs can provide financial incentives for individuals to securely share their health data, fostering a more participatory and patient-centered healthcare model. Through gamification and reward-based engagement, NFTs have the potential to substantially increase patient involvement in health monitoring and management. These factors collectively are expected to drive sustained market growth.

Challenges:

Despite strong growth potential, the NFT market faces notable obstacles, particularly in the areas of fraud prevention and security. Issues such as rug pulls, counterfeit NFTs, and phishing have undermined user trust and discouraged new participants. Additionally, the lack of comprehensive regulatory frameworks creates uncertainty, posing challenges for innovation, product approvals, and large-scale deployment. These factors may slow the broader adoption and integration of NFTs within healthcare ecosystems.

Regional Trends:

North America is projected to hold a substantial share of the NFT in healthcare market, supported by increasing stakeholder interest in managing the growing volume of healthcare data. The region’s advanced healthcare infrastructure and the strong presence of leading blockchain and information technology companies further reinforce its market leadership. In contrast, the Asia-Pacific region is expected to register the fastest growth over the forecast period, driven by cost-efficient labor, lower operational expenses, and the rapid adoption of cryptocurrencies. These conditions are likely to accelerate NFT implementation in healthcare applications across the region.

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.

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Segmentation of Non-fungible Tokens (NFT) in Healthcare Market-

By Blockchain Used

• Ethereum

• Polygon

• HyperLedger

• Others

By Application Area

• Health Records Management

• Supply Chain Management

• Health and Wellness

• Genomics Research

• Clinical Trial Consent

• Others

By End-user

• Pharmaceutical Companies

• Healthcare Professionals

• Patients

• Insurance Companies

• Academic Institutions / Government Bodies

• Others

By Region-

North America-

• The US

• Canada

Europe-

• Germany

• The UK

• France

• Italy

• Spain

• Rest of Europe

Asia-Pacific-

• China

• Japan

• India

• South Korea

• South East Asia

• Rest of Asia Pacific

Latin America-

• Brazil

• Argentina

• Mexico

• Rest of Latin America

Middle East & Africa-

• GCC Countries

• South Africa

• Rest of the Middle East and Africa

Read Overview Report- https://www.insightaceanalytic.com/report/non-fungible-tokens-nft-in-healthcare-market/3020

About Us:

InsightAce Analytic is a market research and consulting firm that enables clients to make strategic decisions. Our qualitative and quantitative market intelligence solutions inform the need for market and competitive intelligence to expand businesses. We help clients gain competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets and repositioning products. Our expertise is in providing syndicated and custom market intelligence reports with an in-depth analysis with key market insights in a timely and cost-effective manner.

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This release was published on openPR.