Healthcare Identity Management Market, Opportunity, Growth Drivers, Industry Trend Analysis and Forecast, 2024-2032

Description

The Global Healthcare Identity Management Market is projected to experience over 9.5% CAGR from 2024 to 2032, driven by the increasing need for secure and efficient identity management solutions in the healthcare sector. Healthcare organizations are digitizing their operations, making the protection of sensitive patient data and secure access to healthcare systems paramount. This heightened focus has spurred a surge in demand for advanced healthcare identity management solutions, especially in regions with stringent data protection regulations.

Moreover, escalating concerns over data breaches and cybersecurity threats have catalyzed the adoption of advanced authentication technologies, notably multi-factor and biometric authentication. Regulatory mandates, such as HIPAA in the U.S., underscore the necessity of robust identity management for compliance. With healthcare organizations prioritizing patient privacy and data security, the demand for healthcare identity management solutions continues its upward trajectory.

The Healthcare Identity Management Industry is segmented based on solution, technology, deployment mode, end-use, and region.

In the coming years, the authentication segment is set to spearhead growth in the Healthcare Identity Management Market. As digital health records and telemedicine gain prominence, the imperative for robust authentication mechanisms to safeguard patient information and thwart unauthorized access intensifies. To bolster security and streamline user access, healthcare organizations are channeling investments into multi-factor authentication (MFA), single sign-on (SSO), and other advanced solutions. The escalating incidents of data breaches and cyberattacks within the healthcare sector further amplify the urgency for stringent authentication measures.

The biometric authentication segment is poised to command a major share of the healthcare identity management market by 2032. Offering unparalleled security and accuracy, biometric methods like fingerprint scanning, facial recognition, and iris scanning are rapidly gaining traction among healthcare providers. When integrated with electronic health records (EHR) systems and other applications, biometric authentication ensures that only authorized personnel access sensitive patient data, mitigating risks of identity theft and fraud. As healthcare entities strive to bolster patient trust and meet regulatory standards, the anticipated uptick in biometric solution adoption will further fuel market growth.

From 2024 to 2032, North America is projected to dominate the Healthcare Identity Management Market, driven by its sophisticated healthcare infrastructure, rigorous regulatory landscape, and widespread embrace of digital health technologies. The U.S. stands out, leading the charge in deploying robust identity management solutions to safeguard patient data and adhere to regulations like the Health Insurance Portability and Accountability Act (HIPAA). With North America's unwavering commitment to healthcare data security and patient privacy, the demand for cutting-edge healthcare identity management solutions is poised to surge, bolstering the market during the forecast period.

Product Code: 10435

Chapter 1 Methodology and Scope

1.1 Market scope and definition
1.2 Base estimates and calculations
1.3 Forecast calculation
1.4 Data sources
- 1.4.1 Primary
- 1.4.2 Secondary
  - 1.4.2.1 Paid sources
  - 1.4.2.2 Public sources

Chapter 2 Executive Summary

2.1 Industry 360° synopsis, 2021 - 2032

Chapter 3 Industry Insights

3.1 Industry ecosystem analysis
3.2 Vendor matrix
3.3 Profit margin analysis
3.4 Technology and innovation landscape
3.5 Patent analysis
3.6 Key news and initiatives
3.7 Regulatory landscape
3.8 Impact forces
- 3.8.1 Growth drivers
  - 3.8.1.1 Growing incidence of healthcare data breaches
  - 3.8.1.2 Increasing need for operational efficiency
  - 3.8.1.3 Need of interoperability in the healthcare sector
  - 3.8.1.4 Rising demand for personalized medicine
  - 3.8.1.5 Stringent rules and regulatory
- 3.8.2 Industry pitfalls and challenges
  - 3.8.2.1 Scalability issues
  - 3.8.2.2 User resistance and adoption
3.9 Growth potential analysis
3.10 Porter's analysis
- 3.10.1 Supplier power
- 3.10.2 Buyer power
- 3.10.3 Threat of new entrants
- 3.10.4 Threat of substitutes
- 3.10.5 Industry rivalry
3.11 PESTEL analysis

Chapter 4 Competitive Landscape, 2023

4.1 Introduction
4.2 Company market share analysis
4.3 Competitive positioning matrix
4.4 Strategic outlook matrix

Chapter 5 Market Estimates and Forecast, By Solution, 2021 - 2032 (USD million)

5.1 Key trends
5.2 Identity and access management (IAM)
5.3 Authentication
5.4 Verification
5.5 Access management and authorization

Chapter 6 Market Estimates and Forecast, By Technology, 2021 - 2032 (USD million)

6.1 Key trends
6.2 Biometric authentication
6.3 RFID and smart card
6.4 Single Sign-on (SSO)
6.5 Multi-factor Authentication (MFA)
6.6 IoT authentication

Chapter 7 Market Estimates and Forecast, By Deployment Mode, 2021 - 2032 (USD million)

7.1 Key trends
7.2 On-premises
7.3 Cloud-based
7.4 Hybrid

Chapter 8 Market Estimates and Forecast, By End User, 2021 - 2032 (USD million)

8.1 Key trends
8.2 Hospitals and clinics
8.3 Diagnostic laboratories
8.4 Research institutions
8.5 Health insurance companies

Chapter 9 Market Estimates and Forecast, By Region, 2021 - 2032 (USD million)

9.1 Key trends
9.2 North America
- 9.2.1 U.S.
- 9.2.2 Canada
9.3 Europe
- 9.3.1 UK
- 9.3.2 Germany
- 9.3.3 France
- 9.3.4 Italy
- 9.3.5 Spain
- 9.3.6 Rest of Europe
9.4 Asia Pacific
- 9.4.1 China
- 9.4.2 India
- 9.4.3 Japan
- 9.4.4 South Korea
- 9.4.5 ANZ
- 9.4.6 Rest of Asia Pacific
9.5 Latin America
- 9.5.1 Brazil
- 9.5.2 Mexico
- 9.5.3 Rest of Latin America
9.6 MEA
- 9.6.1 UAE
- 9.6.2 South Africa
- 9.6.3 Saudi Arabia
- 9.6.4 Rest of MEA

Chapter 10 Company Profiles

10.1 Allscripts Healthcare Solutions, Inc.
10.2 Avatier Corporation
10.3 Bio-Key International, Inc.
10.4 Cerner Corporation
10.5 Cisco Systems, Inc.
10.6 CrossChx
10.7 DigitalPersona, Inc.
10.8 Exostar LLC
10.9 ForgeRock, Inc.
10.10 Health Catalyst
10.11 HID Global Corporation
10.12 IBM Corporation
10.13 Imprivata, Inc.
10.14 McKesson Corporation
10.15 Microsoft Corporation
10.16 NextGate
10.17 Okta, Inc.
10.18 Optum, Inc. (UnitedHealth Group)
10.19 Oracle Corporation
10.20 Ping Identity
10.21 RSA Security LLC
10.22 SailPoint Technologies
10.23 SecureAuth Corporation
10.24 Siemens Healthineers
10.25 Symplr