Identity and Access Management in Healthcare Market Size Worth USD 5.57 Billion by 2032 | CAGR: 16.9%

The global identity and access management in healthcare market size is expected to reach USD 5.57 billion by 2032, according to a new study by Polaris Market Research. The report “Identity and Access Management in Healthcare Market Size, Share, Trends, Industry Analysis Report: By Component (Software and Services), Deployment, Type, End User, and Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) – Market Forecast, 2024–2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

Identity and access management (IAM) refers to the frameworks, policies, and technologies used to manage and secure digital identities and control user access to critical information within an organization. In healthcare, effective IAM is crucial for protecting sensitive patient data, ensuring regulatory compliance, and enabling secure access to healthcare services.

The shift to electronic health records (EHRs), telehealth, and mobile health applications has created a need for effective IAM to manage access across diverse platforms. Additionally, the rise in incidents of cyberattacks targeting healthcare organizations has made it critical for healthcare organizations to implement strong IAM solutions to safeguard sensitive patient information.

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The demand for identity and access management in healthcare organizations is fueled by the growing need for regulatory compliance. Organizations are mandated by regulatory frameworks to uphold comprehensive records of sensitive data access. IAM systems offer auditing features, enabling healthcare organizations to monitor user actions and prove compliance during audits.

Identity and Access Management in Healthcare Market Report Highlights

• By component, the services segment is expected to experience substantial growth in the IAM in healthcare market during the forecast period due to the increased recognition and importance of managed services and consulting to navigate the complexities of identity and access management.
• The software segment held a larger share of the market in 2023 due to its lower costs associated with managing identities and access, especially when compared to traditional on-premises systems.
• Based on deployment, the cloud segment dominated the identity and access management in healthcare market owing to its scalability, allowing healthcare organizations to adjust resources based on demand without significant infrastructure investments.
• In the global identity and access management in healthcare market, North America held the largest revenue share due to the presence of strict regulations such as HIPAA in the US, necessitating robust IAM solutions to protect patient data and ensure compliance, driving demand for advanced IAM systems.
• The global identity and access management in healthcare market in Asia Pacific is expected to grow at a robust pace in the coming years owing to the rising incidents of cyberattacks in the healthcare sector and the growing internet penetration rates and mobile device usage.
• Veritis Group Inc.; Fortra, LLC; LexisNexis Risk Solutions; Ping Identity; Imprivata, Inc.; IBM; Okta; CyberArk Software Ltd.; Delinea; SailPoint Technologies, Inc.; Oracle; Cisco Systems, Inc.; CloudIBN; and symplr are among the global key market players.

Polaris Market Research has segmented the identity and access management in healthcare market report on the basis of component, deployment, type, end user, and region:

By Component Outlook (Revenue, USD billion, 2019–2032)

• Software
• Services

By Deployment Outlook (Revenue, USD billion, 2019–2032)

• On-Premise
• Cloud

By Type Outlook (Revenue, USD billion, 2019–2032)

• Single Sign On
• Multifactor Authentication
• Provisioning
• Directory Service
• Audit & Compliance Management

By End User Outlook (Revenue, USD billion, 2019–2032)

• Healthcare Payers
• Hospitals & Clinics
• Life Sciences Companies
• Other

By Regional Outlook (Revenue, USD billion, 2019–2032)

• North America

• US
• Canada

• Europe

• Germany
• France
• UK
• Italy
• Spain
• Netherlands
• Russia
• Rest of Europe

• Asia Pacific

• China
• Japan
• India
• Malaysia
• South Korea
• Indonesia
• Australia
• Rest of Asia Pacific

• Middle East & Africa

• Saudi Arabia
• UAE
• Israel
• South Africa
• Rest of Middle East & Africa

• Latin America

• Mexico
• Brazil
• Argentina
• Rest of Latin America

Identity and Access Management in Healthcare Report Scope