NFT in Healthcare Market Size Worth USD 1,117 million by 2035 | Roots Analysis

Non-fungible Tokens (NFTs) are distinct digital assets, such as artwork, media clips and healthcare data that have been tokenized on a distributed ledger, blockchain. In addition, NFTs are purchased and sold through NFT marketplaces. NFTs possess a variety of key features, such as decentralization, immutability, data sharing and robust security and privacy settings. In context of these characteristics of NFTs, they are widely explored across various healthcare applications for secure and reliable storage of health information. Some of the common use cases of NFT in healthcare include blood donation, clinical trial consent, genomics research, health records management and supply chain traceability.

The global Non-fungible Tokens (NFT) in Healthcare Market is anticipated to be worth USD 208 million in 2025 and this value is likely to reach USD 1,117 million by 2035, expanding at a CAGR of 18.3% according to a new report by Roots Analysis.

Key Report Takeaways

§  More than 30 NFT solutions have been launched or are currently under development; notably, the market landscape primarily features the presence of new entrants

§  66% of the NFT platforms have been launched in the last few years; of these, 30% of the platforms have all the key features, namely data sharing, smart contracts, decentralization, tokenization, immutability and security

§  An exhaustive set of company profiles of leading players offers valuable insights into the firm’s current strategic focus and upcoming development.

§  More than 45% of the deals related to NFT in healthcare were inked in the last two years; majority of the intercontinental deals were signed by players based in North America

§  The future opportunity, in terms of annual revenues, is likely to be well distributed across segments, such as blockchain used, application area, end-user and geography.

Competitive Landscape of NFT in Healthcare Market

The NFT in healthcare market landscape features more than 30 NFT solutions launched / under development, globally. The NFT in healthcare domain is primarily dominated by the presence of small players / emerging start-ups. Further, majority of the companies in the NFT in healthcare market are presently headquartered in North America.

Regional Outlook

Based on the geographical regions, the NFT in healthcare market can be segmented into five major regions, North America, Europe, Asia-Pacific, Middle East and North Africa, and Latin America. Notably, North America is likely to capture the majority revenue share of the current NFT in healthcare market. This is primarily due to the presence of advanced infrastructure and well-established IT and blockchain companies in the region. Furthermore, the NFT in healthcare market in Asia-Pacific is anticipated to be the fastest-growing segment of the overall market.

Key Players

The NFT in healthcare market report also includes profiles of key players (listed below in alphabetical order) that are engaged in the NFT in healthcare domain:

§  Aimedis

§  BurstIQ

§  ChainCode Consulting

§  DeHealth

§  Epillo Health

§  GenoBank.io

§  Genomes.io

§  IVIRSE

§  Molecule

§  Rejuve.AI

§  TuumIO

§  Universal Health Token

It is interesting to note that, in June 2024, Aimedis signed a partnership with Aethir for integrating the former’s Aimedis NFT platform with the latter’s high-fidelity pixel streaming technology for healthcare applications, including medical imaging, drug discovery, patient monitoring and telemedicine.

NFT in Healthcare Market Segments

Based on the research, Roots Analysis has segmented the NFT in healthcare market into Blockchain Used, Application Area, End-user and Geographical Regions.

by Blockchain Used

§  Ethereum

§  Hyperledger

§  Polygon

§  Other Blockchains

by Application Area

§  Health Records Management

§  Supply Chain Management

§  Genomics Research

§  Health and Wellness

§  Clinical Trial Consent

§  Other Application Areas

by End-user

§  Healthcare Professionals

§  Patients

§  Pharmaceutical Companies

§  Academic Institutions / Government Bodies

§  Insurance Companies

§  Other End-users

by Geographical Regions

§  North America

§  Europe

§  Asia-Pacific

§  Middle East and North Africa

§  Latin America

About Roots Analysis

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