Product Code: CMI7624
The Global Medical Authentication System Market is estimated to be valued at USD 782.1 Mn in 2024 and is expected to reach USD 1,256.1 Mn by 2031, exhibiting a compound annual growth rate (CAGR) of 7% from 2024 to 2031.
Report Coverage |
Report Details |
Base Year: |
2023 |
Market Size in 2024: |
US$ 782.1 Mn |
Historical Data for: |
2019 To 2023 |
Forecast Period: |
2024 To 2031 |
Forecast Period 2024 to 2031 CAGR: |
7.00% |
2031 Value Projection: |
US$ 1,256.1 Mn |
Figure. Medical Authentication System Market Share (%), By Region 2024
The global medical authentication system market has been witnessing significant growth in recent years. Medical authentication refers to verifying the identity and authority of medical practitioners, suppliers, patients, and other entities involved in the healthcare ecosystem. With growing cases of medical fraud and security breaches, authentication systems have become imperative to foster trust and transparency in the industry. Technological advancements have enabled the development of digital identity and credentialing solutions that can verify the qualifications, licenses, and credentials of medical professionals in real-time. Such solutions play a vital role in curbing malpractices and protecting public health.
Market Dynamics:
The growing incidences of medical identity theft and fraudulent activities are the major drivers propelling the demand for medical authentication systems globally. Furthermore, the increasing digitization of healthcare records and the transition towards digital identities is generating significant opportunities for vendors in this market. However, issues regarding data privacy and security concerns surrounding digital identity platforms might hamper the market growth to some extent. Additionally, the high costs associated with the implementation and maintenance of authentication software could also restrain the adoption rates, especially in price-sensitive developing economies. Nonetheless, the market is expected to witness lucrative prospects with the ongoing emphasis on enhancing patient safety and quality of care using advanced verification technologies.
Key Features of the Study:
This report provides an in-depth analysis of the global medical authentication system market, and provides market size (USD Mn) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global medical authentication system market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include Imprivata, aware.com, Authentix, Hideez, ViewSonic, AuthX, Gemalto, JumpCloud, Broadcom, Entrust Datacard, Avatier, RSA Security, and HID Global
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
The global medical authentication system market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global medical authentication system market
Market Segmentation
- By Type Insights (Revenue, USD Mn, 2019 - 2031)
- Biometric Authentication
- Smart Card Authentication
- PIN-Based/Password-Based Authentication
- Multi-Factor Authentication
- Multimodal Authentication
- By Application Insights (Revenue, USD Mn, 2019 - 2031)
- Medical Record Security & Data Protection
- Patient Identification & Tracking
- Remote Patient Monitoring
- Workforce Management
- Pharmacy Dispensing
- Others
- By End User Insights (Revenue, USD Mn, 2019 - 2031)
- Pharmaceutical Companies
- Hospitals & Clinics
- Healthcare Institutions
- Research & Clinical Laboratories
- Others
- By Deployment Insights (Revenue, USD Mn, 2019 - 2031)
- Cloud-Based Systems
- On-Premise Systems
- Regional Insights (Revenue, USD Mn, 2019 - 2031)
- North America
- U.S.
- Canada
- Latin America
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Europe
- Germany
- U.K.
- Spain
- France
- Italy
- Russia
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Middle East
- GCC Countries
- Israel
- Rest of Middle East
- Africa
- South Africa
- North Africa
- Central Africa
- Key Players Insights
- Imprivata
- aware.com
- Authentix
- Hideez
- ViewSonic
- AuthX
- Gemalto
- JumpCloud
- Broadcom
- Entrust Datacard
- Avatier
- RSA Security
- HID Global
Table of Contents
1. Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
2. Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Global Medical Authentication System Market, By Type
- Global Medical Authentication System Market, By Application
- Global Medical Authentication System Market, By End User
- Global Medical Authentication System Market, By Deployment
- Global Medical Authentication System Market, By Region
3. Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Driver
- Restraint
- Opportunity
- Impact Analysis
- Key Developments
- Regulatory Scenario
- Product Launches/Approvals
- PEST Analysis
- PORTER's Analysis
- Merger and Acquisition Scenario
- Industry Trends
4. Global Medical Authentication System Market, By Type, 2019-2031, (USD Mn)
- Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Biometric Authentication
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn)
- Smart Card Authentication
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn)
- PIN-Based/Password-Based Authentication
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn)
- Multi-Factor Authentication
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn)
- Multimodal Authentication
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn)
5. Global Medical Authentication System Market, By Application, 2019-2031, (USD Mn)
- Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Medical Record Security & Data Protection
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn)
- Patient Identification & Tracking
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn)
- Remote Patient Monitoring
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn)
- Workforce Management
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn)
- Pharmacy Dispensing
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn)
- Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn)
6. Global Medical Authentication System Market, By End User, 2019-2031, (USD Mn)
- Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Pharmaceutical Companies
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn)
- Hospitals & Clinics
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn)
- Healthcare Institutions
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn)
- Research & Clinical Laboratories
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn)
- Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn)
7. Global Medical Authentication System Market, By Deployment, 2019-2031, (USD Mn)
- Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Cloud-Based Systems
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn)
- On-Premise Systems
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn)
8. Global Medical Authentication System Market, By Region, 2019 - 2031, Value (USD Mn)
- Introduction
- Market Share (%) Analysis, 2024, 2027 & 2031, Value (USD Mn)
- Market Y-o-Y Growth Analysis (%), 2020 - 2031, Value (USD Mn)
- Regional Trends
- North America
- Introduction
- Market Size and Forecast, By Type, 2019 - 2031, Value (USD Mn)
- Market Size and Forecast, By Application, 2019 - 2031, Value (USD Mn)
- Market Size and Forecast, By End User, 2019 - 2031, Value (USD Mn)
- Market Size and Forecast, By Deployment, 2019 - 2031, Value (USD Mn)
- Market Size and Forecast, By Country, 2019 - 2031, Value (USD Mn)
- Latin America
- Introduction
- Market Size and Forecast, By Type, 2019 - 2031, Value (USD Mn)
- Market Size and Forecast, By Application, 2019 - 2031, Value (USD Mn)
- Market Size and Forecast, By End User, 2019 - 2031, Value (USD Mn)
- Market Size and Forecast, By Deployment, 2019 - 2031, Value (USD Mn)
- Market Size and Forecast, By Country, 2019 - 2031, Value (USD Mn)
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Europe
- Introduction
- Market Size and Forecast, By Type, 2019 - 2031, Value (USD Mn)
- Market Size and Forecast, By Application, 2019 - 2031, Value (USD Mn)
- Market Size and Forecast, By End User, 2019 - 2031, Value (USD Mn)
- Market Size and Forecast, By Deployment, 2019 - 2031, Value (USD Mn)
- Market Size and Forecast, By Country, 2019 - 2031, Value (USD Mn)
- Germany
- U.K.
- Spain
- France
- Italy
- Russia
- Rest of Europe
- Asia Pacific
- Introduction
- Market Size and Forecast, By Type, 2019 - 2031, Value (USD Mn)
- Market Size and Forecast, By Application, 2019 - 2031, Value (USD Mn)
- Market Size and Forecast, By End User, 2019 - 2031, Value (USD Mn)
- Market Size and Forecast, By Deployment, 2019 - 2031, Value (USD Mn)
- Market Size and Forecast, By Country, 2019 - 2031, Value (USD Mn)
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Middle East
- Introduction
- Market Size and Forecast, By Type, 2019 - 2031, Value (USD Mn)
- Market Size and Forecast, By Application, 2019 - 2031, Value (USD Mn)
- Market Size and Forecast, By End User, 2019 - 2031, Value (USD Mn)
- Market Size and Forecast, By Deployment, 2019 - 2031, Value (USD Mn)
- Market Size and Forecast, By Country, 2019 - 2031, Value (USD Mn)
- GCC Countries
- Israel
- Rest of Middle East
- Africa
- Introduction
- Market Size and Forecast, By Type, 2019 - 2031, Value (USD Mn)
- Market Size and Forecast, By Application, 2019 - 2031, Value (USD Mn)
- Market Size and Forecast, By End User, 2019 - 2031, Value (USD Mn)
- Market Size and Forecast, By Deployment, 2019 - 2031, Value (USD Mn)
- Market Size and Forecast, By Country/Region, 2019 - 2031, Value (USD Mn)
- South Africa
- North Africa
- Central Africa
9. Competitive Landscape
- Imprivata
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- aware.com
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Authentix
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Hideez
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- ViewSonic
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- AuthX
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Gemalto
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- JumpCloud
- Broadcom
- Entrust Datacard
- Avatier
- RSA Security
- HID Global
10. Analyst Recommendations
- Wheel of Fortune
- Analyst View
- Coherent Opportunity Map
11. References and Research Methodology
- References
- Research Methodology
- About us