Rising Security Breaches Drive Growth In Healthcare Identity Management Market: Core Growth Enabler in the Healthcare Identity Management Market, 2025

Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.

What Will the Healthcare Identity Management Industry Market Size Be by 2025?
The market size for healthcare identity management has seen a rapid expansion in recent years. The market, valued at $4.57 billion in 2024, is predicted to swell to $5.15 billion in 2025, yielding a compound annual growth rate (CAGR) of 12.6%. The growth observed in the historical period can be linked to factors such as the surge in chronic disease instances, increased adoption of cloud-based healthcare solutions, advancements in biometric authentication technologies, initiatives promoting healthcare data sharing, and the development of healthcare fraud detection systems.

What's the Long-Term Growth Forecast for the Healthcare Identity Management Market Size Through 2029?
In the coming years, the healthcare identity management market is anticipated to experience accelerated expansion. By 2029, it is projected to reach a value of $8.25 billion with a compound annual growth rate (CAGR) of 12.5%. This future growth within this timeframe is expected to be driven by various factors including the rising prevalence of chronic illnesses, the intensified adoption of cloud-based health solutions, the evolution of biometric authentication technologies, proliferating healthcare data sharing initiatives, and the expansion of healthcare fraud detection systems. Key trends that will outline this forecast period comprise of technological progressions, application of blockchain technology, incorporation of artificial intelligence, the medical internet of things, and telehealth.

View the full report here:
https://www.thebusinessresearchcompany.com/report/healthcare-identity-management-global-market-report

What Are the Key Growth Drivers Fueling the Healthcare Identity Management Market Expansion?
The growth of the healthcare identity management market is poised to be driven by the escalating occurrence of security breaches. Security breaches are unauthorized accesses or disclosures of confidential information, systems or networks, which can potentially cause harm or be exploited. An increase in security breaches can be linked to several factors such as rising cyber threats, digital infrastructure expansion, and human errors. Multi-factor authentication (MFA) and biometric verification are used in healthcare identity management systems to ensure that only authorized individuals have access to sensitive patient data, greatly reducing the risk of unauthorized access and strengthening security measures against potential breaches. For instance, the Identity Theft Resource Center, a non-profit organization based in the US, reported that in 2023 there were around 725 data breaches, leading to the exposure or unauthorized disclosure of more than 133 million records. This trend signifies a persistent rise in healthcare data breaches over the year. Consequently, the increasing episodes of security breaches are fueling the expansion of the healthcare identity management market.

Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=19084&type=smp

What Are the Key Trends Driving Healthcare Identity Management Market Growth?
Leading businesses in the healthcare identity management sector are prioritizing the development of state-of-the-art technologies like multi-factor authentication to enhance security and provide supplementary safeguard against unsanctioned access. Multi-factor authentication, defined as a security protocol that fortifies user verification by requiring two or more separate credentials for confirming identity access. For instance, Clario, a technology company based in the US, unveiled the Federated Identity Management (FIM) System in March 2023. This product boosts security and user convenience by enabling the use of a single login credential to access multiple systems and organizations, making the authentication procedure more efficient. FIM system integrates with external identity providers, ensuring that clients can securely access Clario's platform using their trusted credentials. It further includes single-sign-on (SSO) and multi-factor authentication (MFA), enhancing security especially for individuals partaking in clinical trials.

How Is the Healthcare Identity Management Market Segmented?
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

Tailor your insights and customize the full report here:
https://www.thebusinessresearchcompany.com/customise?id=19084&type=smp

Which Companies Are Leading the Charge in Healthcare Identity Management Market Innovation?
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

Which Regions Are Leading the Global Healthcare Identity Management Market in Revenue?
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.

Purchase the full report today:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=19084

"This Report Supports:
1.Business Leaders & Investors - To identify growth opportunities, assess risks, and guide strategic decisions.
2.Manufacturers & Suppliers - To understand market trends, customer demand, and competitive positioning.
3.Policy Makers & Regulators - To track industry developments and align regulatory frameworks.
4.Consultants & Analysts - To support market entry, expansion strategies, and client advisory work."

Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.

Contact Us
Europe: +44 7882 955267,
Asia: +91 88972 63534,
Americas: +1 310-496-7795 or
Email: mailto:info@tbrc.info

Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.