The global identity and access management in healthcare market size is expected to reach USD 4.26 billion by 2030, registering a CAGR of 17.4% from 2024 to 2030. The market is being driven by several key factors such as growing concern regarding data security, technologically advanced healthcare IT infrastructure, rapid adoption of cloud based solution and requirements for regulatory compliance to ensure safety and data security.
Healthcare organizations are increasingly adopting sophisticated IT systems to manage patient data securely, comply with regulations such as the Health Insurance Portability and Accountability Act (HIPAA), and enhance operational efficiency. Integrating IAM solutions with healthcare IT infrastructure streamlines user provisioning, authentication, & authorization processes, improving workflow efficiency and reducing administrative burdens. This integration also enables seamless access to patient data across various healthcare applications and systems, facilitating better patient care coordination & decision-making by healthcare providers.
The global healthcare industry has transformed with the rising adoption of cloud computing. Cloud-based healthcare credentialing software utilizes the potential of cloud computing to simplify and automate the credentialing process. Cloud computing services comprise data storage, processing, and software applications delivered over the internet. This software solution empowers healthcare organizations to manage the complete credentialing process online, from data collection and verification to granting and reviewing clinical privileges, as well as tracking & updating credentials.
Furthermore, risk and compliance professionals affiliated with HIPAA-covered entities and business associates needing additional guidance are encouraged to consult the OCR’s bulletin from December 2022. This bulletin offers a comprehensive insight into the definition of tracking technologies and the application of the HIPAA Rules. It is also advisable for them to become acquainted with the specifications outlined in the FTC’s Health Breach Notification Rule. In general, the necessity of complying with regulatory standards serves as a motivating factor for healthcare entities to invest in robust IAM solutions. This investment enhances patient safety, safeguards sensitive data, and ensures the reliability of healthcare IT systems.
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Healthcare organizations are increasingly adopting sophisticated IT systems to manage patient data securely, comply with regulations such as the Health Insurance Portability and Accountability Act (HIPAA), and enhance operational efficiency. Integrating IAM solutions with healthcare IT infrastructure streamlines user provisioning, authentication, & authorization processes, improving workflow efficiency and reducing administrative burdens. This integration also enables seamless access to patient data across various healthcare applications and systems, facilitating better patient care coordination & decision-making by healthcare providers.
The global healthcare industry has transformed with the rising adoption of cloud computing. Cloud-based healthcare credentialing software utilizes the potential of cloud computing to simplify and automate the credentialing process. Cloud computing services comprise data storage, processing, and software applications delivered over the internet. This software solution empowers healthcare organizations to manage the complete credentialing process online, from data collection and verification to granting and reviewing clinical privileges, as well as tracking & updating credentials.
Furthermore, risk and compliance professionals affiliated with HIPAA-covered entities and business associates needing additional guidance are encouraged to consult the OCR’s bulletin from December 2022. This bulletin offers a comprehensive insight into the definition of tracking technologies and the application of the HIPAA Rules. It is also advisable for them to become acquainted with the specifications outlined in the FTC’s Health Breach Notification Rule. In general, the necessity of complying with regulatory standards serves as a motivating factor for healthcare entities to invest in robust IAM solutions. This investment enhances patient safety, safeguards sensitive data, and ensures the reliability of healthcare IT systems.
Identity And Access Management In Healthcare Market Report Highlights
- Based on component, the software solutions segment held the largest revenue share of 66.7% in 2023. The growing adoption of telemedicine and remote healthcare services is fueling the demand for software solutions in the market.
- Based on type, the provisioning segment dominated the market with a revenue share of 30.7% in 2023. Effective provisioning ensures that only authorized individuals can access sensitive patient information and critical systems. This comprehensive control over user access makes the provisioning segment the foundation of identity and access management solutions in the healthcare sector, leading to its dominance in the market.
- Based on deployment mode, the cloud segment dominated the market with the largest share of 67.3% in 2023. The scalability and flexibility offered by cloud-based identity and access management solutions effectively align with the dynamic needs of the healthcare sector.
- Based on end use, the hospitals and clinics segment held the largest share of 43.5% in 2023. This can be attributed to several factors. Hospitals and clinics are critical entities within the healthcare ecosystem, serving as primary points of care delivery.
- North America held the largest revenue share of 39.0% in 2023. The primary drivers include the increasing adoption of sophisticated IT infrastructure, including EHRs and similar digital systems.
The leading players in the Identity and Access Management in Healthcare market include:
- Veritis Group Inc.
- Fortra, LLC
- LexisNexis Risk Solutions Inc.
- Ping Identity
- Imprivata, Inc.
- IBM
- Okta, Inc.
- CyberArk Software Ltd.
- Delinea
- SailPoint Technologies, Inc.
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- Comprehensive Market Analysis: Gain detailed insights into the global market across major regions and segments.
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This report addresses:
- Market intelligence to enable effective decision-making
- Market estimates and forecasts from 2018 to 2030
- Growth opportunities and trend analyses
- Segment and regional revenue forecasts for market assessment
- Competition strategy and market share analysis
- Product innovation listing for you to stay ahead of the curve
- COVID-19's impact and how to sustain in these fast-evolving markets
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Table of Contents
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
Chapter 3. Identity and Access Management in Healthcare Market Variables, Trends & Scope
Chapter 4. Identity and Access Management in Healthcare Market: Component Estimates & Trend Analysis
Chapter 5. Identity and Access Management in Healthcare Market: Deployment Estimates & Trend Analysis
Chapter 6. Identity and Access Management in Healthcare Market: Type Estimates & Trend Analysis
Chapter 7. Identity and Access Management in Healthcare Market: End Use Estimates & Trend Analysis
Chapter 8. Identity and Access Management in Healthcare Market: Regional Estimates & Trend Analysis, By Component, Type, Deployment and End Use
Chapter 9. Competitive Landscape
List of Tables
List of Figures
Companies Mentioned
The leading players in the Identity and Access Management in Healthcare market include:- Veritis Group Inc.
- Fortra, LLC
- LexisNexis Risk Solutions Inc.
- Ping Identity
- Imprivata, Inc.
- IBM
- Okta, Inc.
- CyberArk Software Ltd.
- Delinea
- SailPoint Technologies, Inc.
Methodology
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Table Information
Report Attribute | Details |
---|---|
No. of Pages | 150 |
Published | September 2024 |
Forecast Period | 2023 - 2030 |
Estimated Market Value ( USD | $ 1.4 Billion |
Forecasted Market Value ( USD | $ 4.26 Billion |
Compound Annual Growth Rate | 17.4% |
Regions Covered | Global |
No. of Companies Mentioned | 11 |