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Healthcare Identity Management Market Share

Report ID: GMI10435
Published Date: Jul 2024
Report Format: PDF

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Healthcare Identity Management Market Share

Key players in the market are engaged in partnerships and collaborations with healthcare institutes to improve the expertise and quality of services. Leading companies are investing in advanced technologies such as biometric authentication, AI, and blockchain to offer secure & efficient identity management solutions. For instance, in May 2023, Microsoft collaborated with Ecuro Health to launch Microsoft HIMSS23 solution for cybersecurity, digital health, privacy, and interoperability to drive better patient outcomes.

Continuous investments in Research and Development (R&D) ensure that solutions, such as IBM Guardium, stay ahead of emerging cybersecurity threats and regulatory changes, maintaining robust security and compliance across various healthcare environments. The healthcare IAM market has seen significant consolidation through acquisitions. For instance, in April 2024, Thales Group acquired OneLogin, bolstering its IAM portfolio with advanced MFA and SSO solutions tailored for healthcare. This acquisition enabled Thales to offer more comprehensive identity management solutions to healthcare providers.

Healthcare Identity Management Market Companies

Major players operating in the healthcare identity management industry are:

IBM Corporation
Microsoft Corporation
Oracle Corporation
Cisco Systems, Inc.
Siemens Healthineers
Imprivata, Inc.
Symplr.

Authors: Mariam Faizullabhoy, Gauri Wani

Frequently Asked Questions (FAQ) :

Global industry size for healthcare identity management was valued at USD 3.84 billion in 2023 and is anticipated to register over 9.5% CAGR between 2024 and 2032 due to the growing incidence of healthcare data breaches and increasing need for operational efficiency.

The multi-factor authentication segment in the healthcare identity management market is anticipated to record 9.5% CAGR through 2032 due to robust security, ease of use, and regulatory mandates like HIPAA, enhancing security and user experience.

North America market is expected to record substantial CAGR through 2032, owing to the government initiatives and adoption of advanced IAM technologies in healthcare due to the need for enhanced patient data protection.

IBM Corporation, Microsoft Corporation, Oracle Corporation, Cisco Systems, Inc., Siemens Healthineers, Imprivata, Inc., and Symplr.