Digital Identity in Healthcare Market Expands with Access Control Segment at a robust CAGR of 14.8% through 2029F
The global digital identity in healthcare market is
rising due to increasing demands for secure, efficient, and integrated
healthcare solutions amidst growing concerns over data privacy and regulatory
compliance during the forecast period
2025-2029F.
According to TechSci Research report, “Digital Identity in Healthcare
Market - Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2029F", Global Digital Identity in Healthcare Market was valued at USD 3.5 Billion in 2023 and is expected to reach at USD 8.08 Billion in 2029 with a CAGR of 14.8% through 2029. The rapid expansion of telemedicine and remote healthcare services
has significantly influenced the growth of the digital identity market in
healthcare. Telemedicine enables healthcare providers to offer consultations,
diagnoses, and treatment remotely, which has become increasingly important due
to the rise of global health challenges and the need for accessible care.
However, the remote nature of these services introduces new challenges related
to verifying the identities of patients and healthcare providers. Digital
identity solutions are essential for authenticating users, ensuring secure
communication, and protecting sensitive health information during virtual
consultations. Technologies such as video-based authentication, secure patient
portals, and electronic signatures are integral to maintaining the integrity
and confidentiality of remote healthcare interactions. As the telemedicine
sector continues to expand, driven by advancements in technology and changing
patient preferences, the demand for effective digital identity solutions is
expected to rise, ensuring secure and compliant remote healthcare delivery.
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The Asia Pacific region is the
fastest-growing market in the Global Digital Identity in Healthcare sector due
to a confluence of factors driving rapid expansion and innovation. Firstly, the
region’s large and diverse population, coupled with increasing healthcare
demands, is fueling a surge in the adoption of digital health technologies,
including advanced digital identity solutions. Countries such as China, India,
and Japan are making substantial investments in healthcare infrastructure
modernization, aiming to enhance care quality and operational efficiency. This
investment includes the implementation of Electronic Health Records (EHRs),
patient portals, and secure identity management systems, driven by the need to
streamline healthcare delivery and address rising patient expectations. Asia Pacific region is experiencing a digital transformation
wave across various sectors, including healthcare, propelled by technological
advancements and the growing availability of high-speed internet and mobile
connectivity. The proliferation of smartphones and mobile applications is
facilitating greater access to digital health services and identity management
solutions, making it easier for patients and providers to engage with digital
platforms securely. Supportive government initiatives and policies
aimed at improving healthcare access and digital infrastructure are
contributing to the region's growth. For instance, national digital health
strategies and health information exchange programs are being introduced to
enhance the integration and interoperability of healthcare systems. The
region’s large and evolving middle-class population is also a significant
driver, as increased healthcare spending and demand for advanced services
accelerate the adoption of digital identity technologies. Asia
Pacific is witnessing a rise in healthcare startups and technology companies
that are developing innovative digital identity solutions tailored to local
needs, further boosting market growth. However, despite these opportunities,
challenges such as diverse regulatory environments and varying levels of
technological maturity across countries need to be addressed. Overall, the
combination of a growing patient base, technological advancements, government
support, and increasing healthcare investments positions Asia Pacific as the
fastest-growing region in the global digital identity in healthcare market,
with a strong outlook for continued expansion and innovation in the coming
years.
Based on Patient
Identity, Patient Portals dominated the Global Digital
Identity in Healthcare Market in 2023 and is projected to maintain its leading position
throughout the forecast period. The dominance of this segment is largely
attributed to the critical role that EHRs and Patient Portals play in
modernizing healthcare delivery and enhancing patient engagement. EHRs have
become integral to healthcare systems globally, offering a comprehensive, digital
repository of patient health information that facilitates improved clinical
decision-making, streamlined operations, and enhanced care coordination. This
widespread adoption of EHRs is driven by their ability to consolidate patient
data, reduce errors, and comply with regulatory mandates, thus reinforcing
their central role in patient identity management. Patient
Portals empower individuals with direct access to their health information,
enabling them to manage appointments, view test results, and communicate with
healthcare providers. This direct access not only improves patient engagement
and satisfaction but also supports better health outcomes by facilitating
proactive management of health conditions. As healthcare organizations continue
to prioritize digital transformation and patient-centric care models, the
demand for robust patient identity solutions that integrate EHRs and Patient
Portals is expected to remain strong. The emphasis on enhancing data accuracy,
ensuring secure access, and improving patient experience positions this segment
as a cornerstone of the digital identity landscape in healthcare. Ongoing advancements in technology and increased investment in digital health
infrastructure are likely to further bolster the prominence of Patient Identity
Management solutions. As a result, the segment is anticipated to sustain its
dominance in the global market, driven by the continued evolution of healthcare
practices and the growing need for efficient, secure, and accessible patient
identity management systems.
Key market players in the global Digital
Identity in Healthcare market are: -
- IBM Corporation
- Microsoft Corporation
- Oracle Corporation
- Epic Systems Corporation
- Veradigm LLC
- FF HealthKey Ltd
- Imprivata, Inc.
- Medical Information Technology, Inc.
- McKesson Corporation
- SAP SE
- RSA Security LLC
- Verizon Communications Inc.
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“The Global Digital Identity in Healthcare
Market presents significant opportunities for growth and innovation. The
increasing adoption of advanced technologies such as biometrics, blockchain,
and artificial intelligence opens new avenues for enhancing security,
efficiency, and patient engagement. The expansion of telemedicine and remote
healthcare services further drives demand for secure digital identity solutions
to facilitate safe virtual interactions. The push towards
interoperability and integrated health information systems creates
opportunities for seamless data exchange and improved patient care. Emerging
markets offer growth potential as healthcare infrastructures develop and
digital health adoption rises. Evolving regulatory requirements
necessitate continuous advancements in digital identity technologies, providing
opportunities for companies to innovate and capture market share.” said Mr. Karan Chechi,
Research Director of TechSci Research, a research-based global management
consulting firm.
“Digital Identity in Healthcare Market – Global Industry Size, Share, Trends,
Opportunity, and Forecast, Segmented By Patient Identity (Electronic Health Records, Patient
Portals), By Pharmacy & Medication (E-Prescribing, Medication Tracking), By
Provider Identity (Credentialing & Licensing, Access
Control), By Region, By Competition, 2019-2029F” has evaluated the future
growth potential of Global Digital Identity in Healthcare Market and
provides statistics & information on market size, structure, and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in Global Digital Identity in Healthcare Market.
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