How large is the healthcare identity management market, and what is its growth trajectory?
The healthcare identity management market size has grown rapidly in recent years. It will grow from $4.57 billion in 2024 to $5.15 billion in 2025 at a compound annual growth rate (CAGR) of 12.6%. The growth in the historic period can be attributed to increasing prevalence of chronic diseases, rise in adoption of cloud-based healthcare solutions, growth in biometric authentication technologies, growth in healthcare data sharing initiatives, and growth in healthcare fraud detection systems.
The healthcare identity management market size is expected to see rapid growth in the next few years. It will grow to $8.25 billion in 2029 at a compound annual growth rate (CAGR) of 12.5%. The growth in the forecast period can be attributed to increasing prevalence of chronic diseases, rise in adoption of cloud-based healthcare solutions, growth in biometric authentication technologies, growth in healthcare data sharing initiatives, and growth in healthcare fraud detection systems. Major trends in the forecast period include technological advancements, adoption of blockchain technology, integration of artificial intelligence, internet of medical things, and telehealth.
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What are the key forces behind the healthcare identity management market’s growth in recent years?
The rising instances of security breaches are expected to propel the growth of the healthcare identity management market going forward. A security breach occurs when unauthorized access or disclosure of sensitive information, systems, or networks occurs, potentially causing damage or exploitation. Rising instances of security breaches can be attributed to several factors, including increased cyber threats, the expansion of digital infrastructure, and human error. Healthcare identity management systems employ multi-factor authentication (MFA) and biometric verification to guarantee that only authorized individuals can access sensitive patient information. This approach significantly lowers the risk of unauthorized access and enhances security measures against potential breaches. For instance, in January 2024, according to the Identity Theft Resource Center, a US-based non-profit organization, in 2023, around 725 data breaches were reported, resulting in the exposure or unauthorized disclosure of over 133 million records. This reflects a continued increase in healthcare data breaches throughout the year. Therefore, the rising instances of security breaches are driving the growth of the healthcare identity management market.
What are the major segments of the healthcare identity management market?
The healthcare identity managementmarket covered in this report is segmented –
1) By Solution: Identity And Access Management (IAM), Authentication, Verification, Access Management And Authorization
2) By Deployment Mode: On-Premises, Cloud-Based, Hybrid
3) By Technology: Biometric Authentication, Radio Frequency Identification And Smart Card, Single Sign-On (SSO), Multi-Factor Authentication (MFA), Internet Of Things Authentication
4) By End User: Hospitals And Clinics, Diagnostic Laboratories, Research Institutions, Health Insurance Companies
Subsegments:
1) By Identity And Access Management (IAM): User Provisioning And De-Provisioning, Role-Based Access Control (RBAC), Single Sign-On (SSO), Directory Services
2) By Authentication: Multi-Factor Authentication (MFA), Biometric Authentication, Passwordless Authentication, One-Time Password (OTP) Authentication
3) By Verification: Identity Verification Solutions, Credential Verification Services, Document Verification Systems
4) By Access Management And Authorization: Access Control Policies, User Role Management, Session Management, Audit And Compliance Management
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Which companies dominate the healthcare identity management market?
Major companies operating in the healthcare identity management market are Deloitte Touche Tohmatsu Limited, Oracle Corporation, Infosys Limited, Atos SE, Okta Inc., CyberArk Software Ltd., SailPoint Technologies Holdings Inc., Ping Identity Corporation, Saviynt Inc., ForgeRock Inc., Simeio Solutions LLC, One Identity LLC, Veritis Group Inc., Radiant Logic Inc., Promobi Technologies Private Limited, Ubisecure Inc., Zluri Inc., Evidian, Optimal IdM LLC, My1Login Limited
What major trends will shape the healthcare identity management market during the forecast period?
Major companies operating in the healthcare identity management market are focused on developing advanced technologies, such as multi-factor authentication, to enhance security by providing additional protection against unauthorized access. Multi-factor authentication (MFA) refers to a security protocol that enhances user verification by requiring two or more independent credentials to confirm identity access. For instance, in March 2023, Clario, a US-based technology company, launched the Federated Identity Management (FIM) System. This system enhances security and user convenience by enabling users to access multiple systems and organizations with a single login credential, streamlining the authentication process. FIM integrates with external identity providers, allowing clients to use their trusted credentials to access Clario’s platform securely. It also incorporates single-sign-on (SSO) and multi-factor authentication (MFA) to strengthen security, particularly for individuals engaged in clinical trials.
What are the key regional dynamics of the healthcare identity management market, and which region leads in market share?
North America was the largest region in the healthcare identity management market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the healthcare identity management market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Does The Healthcare Identity Management Market Report 2025 Offer?
The healthcare identity management market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Healthcare identity management refers to the processes and technologies used to securely manage and authenticate the identities of individuals within healthcare systems, including patients, healthcare providers, and administrators. Its primary goal is to ensure that the right individuals have appropriate access to healthcare resources, services, and sensitive information while protecting patient privacy and complying with regulatory standards.
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