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Healthcare Identity Management Market Forecast 2025-2034: Comprehensive Analysis And Growth Opportunities
The Healthcare Identity Management Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].What Is the Projected Growth of the Healthcare Identity Management Market?
The healthcare identity management market size will increase from $4.57 billion in 2024 to $5.15 billion in 2025 at a CAGR of 12.6%. This growth is driven by the rise in chronic diseases, the adoption of cloud-based healthcare solutions, advancements in biometric authentication, growth in healthcare data sharing, and improvements in fraud detection systems.
The healthcare identity management market size is expected to grow to $8.25 billion in 2029 at a CAGR of 12.5%. The growth is driven by the increasing prevalence of chronic diseases, adoption of cloud-based solutions, biometric authentication technologies, healthcare data sharing, and fraud detection systems. Key trends include technological advancements, blockchain adoption, AI integration, IoMT, and telehealth developments.
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What Are the Different Healthcare Identity Management Market Segments?
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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What Are the Primary Drivers Shaping the Healthcare Identity Management Market?
A surge in security breaches is encouraging growth in the healthcare identity management market. These breaches are linked to increased cyber threats, system vulnerabilities, and digital expansion. Identity management in healthcare uses biometric tools and multifactor authentication to secure access to sensitive information. In January 2024, the Identity Theft Resource Center noted 725 reported breaches in 2023, exposing over 133 million records. As such, the rise in security incidents is advancing the healthcare identity management market.
Which Companies Are Leading in 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 Are the Major Trends Shaping the Healthcare Identity Management Market?
Major Companies in the healthcare identity management market are focused on developing advanced technologies like multi-factor authentication to enhance security. For instance, in March 2023, Clario launched the Federated Identity Management (FIM) System, integrating single-sign-on (SSO) and MFA to provide secure and convenient access to multiple systems for clinical trial participants.
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What Are the Top Revenue-Generating Geographies in the Healthcare Identity Management Market?
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.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Healthcare Identity Management Market?
2. What is the CAGR expected in the Healthcare Identity Management Market?
3. What Are the Key Innovations Transforming the Healthcare Identity Management Industry?
4. Which Region Is Leading the Healthcare Identity Management Market?
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