The North America Identity And Access Management In Healthcare Market would witness market growth of 16.4% CAGR during the forecast period (2024-2031).
The US market dominated the North America Identity And Access Management In Healthcare Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $1,126.2 million by 2031. The Canada market is experiencing a CAGR of 18.6% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 17.9% during (2024 - 2031).
Identity and access management (IAM) in healthcare refers to the set of technologies, processes, and policies designed to manage and secure the identities of individuals accessing healthcare systems and data. IAM systems are crucial in the healthcare sector, offering a range of applications that enhance security, compliance, and operational efficiency. IAM systems streamline patient identity management by consolidating information from multiple sources into a single, unified record. This ensures that patient data is accurate and accessible across various healthcare providers and systems, reducing the risk of duplicate records and improving the quality of care.
Healthcare organizations often have complex hierarchies and diverse user roles. IAM solutions provide granular role-based access control (RBAC) that allows administrators to assign specific access rights based on roles and responsibilities. This ensures that healthcare professionals have access only to the information and systems necessary for their duties, thereby minimizing the risk of unauthorized access. IAM systems support dynamic access policies that adapt to changing contexts and user needs.
Canadian government investments in national health initiatives, such as the Canada Health Info way, drive the need for secure IAM solutions. These initiatives aim to enhance health systems' interoperability and improve care quality. IAM solutions are critical for managing user access across various health platforms and ensuring access is granted only to authorized personnel. The rise in healthcare investment supports the development of smart healthcare environments, including connected medical devices and smart hospitals. IAM solutions are integral to managing access to these connected systems and devices, ensuring only authorized users can interact. Investment in IAM technologies facilitates the secure management of these smart healthcare systems.
Cyberattacks often exploit weaknesses in traditional authentication methods. As a result, healthcare organizations are increasingly adopting Multifactor Authentication (MFA) as part of their IAM strategy. MFA adds an extra layer of security by requiring multiple verification forms, reducing the risk of unauthorized access. The growing emphasis on MFA has driven demand for IAM solutions that offer this capability. Thus, rising cyberattacks on the healthcare sector and rising investment in the healthcare industry are driving the market's growth.
Free Valuable Insights: The Identity And Access Management In Healthcare Market is Predict to reach USD 4.3 Billion by 2031, at a CAGR of 17.2%
Based on Component, the market is segmented into Software Solutions and Services. Based on End User, the market is segmented into Hospitals & Clinics, Healthcare Payers, Life Science Companies, and Other End Users. Based on Deployment, the market is segmented into Cloud and On-premise. Based on Type, the market is segmented into Provisioning, Single Sign On (SSO), Multifactor Authentication, Directory Service, and Audit & Compliance Management. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
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