Press Release

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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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 & Competition, 2019-2029F

ICT | Dec, 2024

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 in the forecast period 2025-2029F.

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