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What is the Long-Term Projected Growth Rate for the Healthcare Identity Management Market, and What Are the Key Drivers?

The market size for healthcare identity management has been expanding at a swift pace in the last few years. It is projected to increase from $4.57 billion in 2024 to $5.15 billion in 2025, with a Compound Annual Growth Rate (CAGR) of 12.6%. This substantial growth during the historical period can be ascribed to the rising occurrence of chronic illnesses, the elevated adoption of cloud-based solutions in healthcare, the advancement in biometric authentication technologies, the proliferation of data sharing initiatives in healthcare, and the expansion of systems that detect healthcare fraud.

The market size for healthcare identity management is projected to experience impressive growth over the coming years, reaching $8.25 billion by 2029 with a CAGR of 12.5%. This projected growth during the forecast period can be linked to various factors such as the rising occurrence of chronic illnesses, increased usage of cloud-based healthcare solutions, the growth of biometric authentication tech, initiatives for healthcare data sharing and enhancements in healthcare fraud detection systems. Key trends that are predicted during the forecast period range from technological innovations, blockchain technology adaptation, artificial intelligence integration, internet of medical things, and the rise of telehealth.

What Factors Are Propelling the Growth of the Healthcare Identity Management Market from 2025 to 2034?

The escalation in the number of security violations is predicted to turbocharge the healthcare identity management market’s advancement. Security violations are defined as instances when unauthorized entry or divulgence of protected information, systems, or networks take place, possibly leading to harm or misuse. The accelerated occurrence of these violations can be traced back to various causes like heightened cyber threats, extensive expansion of digital framework, and human mistakes. Healthcare identity management systems use a combination of multiple-factor validation (MFA) and biometric confirmation to ensure only people with authorization can gain access to confidential patient data. This methodology dramatically reduces the possibility of unauthorized entry, thereby strengthening security against potential violations. For instance, the Identity Theft Resource Center, an non-profit organization based in the US, reported in January 2024, that approximately 725 data violations were recorded in 2023. This resulted in the exposure or unauthorized revelation of more than 133 million files. This indicates a consistent surge in healthcare data violations throughout the past year. Hence, the accelerating occurrences of security violations are acting as a catalyst for the healthcare identity management market’s expansion.

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Which Companies Are Leading the Charge in Expanding 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 New Trends Are Reshaping the Healthcare Identity Management Market and Its Opportunities?

Key healthcare identity management market players are concentrating on creating advanced technologies like multi-factor authentication to bolster security by providing extra protection against unauthorized access. This multi-factor authentication (MFA) is essentially a security protocol that increases user verification by demanding two or more separate credentials to affirm identity access. In the case of Clario, a technology company hailing from the U.S., it launched the Federated Identity Management (FIM) System in March 2023. This system serves to improve security and facilitate user convenience by permitting users to interact with several systems and organizations via a single login credential, thereby simplifying the authentication process. The FIM system collaborates with external identity providers so customers can utilize their trusted credentials to safely access Clario’s platform. Single-sign-on (SSO) and multi-factor authentication (MFA) components are also integrated into the platform to bolster security, specifically for those partaking in clinical trials.

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Which Primary Segments of the Healthcare Identity Management Market Are Driving Growth and Industry Transformations?

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

What Are the Top Regions Fueling Growth 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.

How Is the Healthcare Identity Management Market Defined Across Different Regions?

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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