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Muni Kumar Meravath is a seasoned Healthcare Market Research Analyst with over 6 years of experience in the healthc.....
Healthcare API Market: By Service, By Deployment Model, By End User, and Region Forecast 2019-2030
Healthcare API Market: By Service, By Deployment Model, By End User, and Region Forecast 2019-2030
Healthcare API Market size was valued at US$ 398.3 million in 2023 and is poised to grow at a significant CAGR of 6.3% from 2024-2030. Healthcare API is a new trend in healthcare delivery that has led to improved outcomes, patient satisfaction, and care quality. The introduction of a slew of new services, such as remote patient monitoring and wearable medical devices, has boosted demand for healthcare API solutions, which allow patients to learn more about a doctor's experience, speciality, and availability before scheduling an appointment. Patients can also stick to their appointment schedule and only visit when absolutely necessary. Healthcare digitization has changed the way healthcare providers, payers, and patients engage with one another throughout time.
The use of healthcare technology solutions has aided physicians in quickly organising and managing massive volumes of patient and other hospital data via electronic health records, allowing them to focus completely on providing better patient care. These records help clinicians gain a better understanding of a patient's medical history and develop a more individualised treatment strategy.
Healthcare digitization has also improved access to healthcare services for millions of people living in rural areas. For example, eClinicalWorks' telehealth system integrates with patients' electronic health records, allowing healthcare institutions to provide remote monitoring services to patients throughout the region. As a result, the adoption of telehealth solutions and electronic health record systems in hospitals, clinics, and ambulatory care centres is being influenced. In January 2017, Oracle has acquired API development startup Apiary. Moreover, PBI analyzed the market to better equip clients with possible investment opportunities across the regions (Regional Investment Hot-Spots) and market unmet needs (Product Opportunities).
Study Period
2024-2030Base Year
2023CAGR
6.3%Largest Market
North AmericaFastest Growing Market
Asia-Pacific
Healthcare application programming interfaces (APIs) provide the means for one software to access the service of another. The rising number of the healthcare providers in the healthcare industry is finding the uses for the web in order to deliver the information to the patients. Application programming interfaces (APIs) allow working more intelligently with partner providers, patient support service, government agencies, and insurance companies. Technological advancements are the key factors attributing the growth of the market. The growing demand from healthcare sector and adoption of the API-integrated electronic health records (EHRs) is adding fuel for the growth of the market. The ease of the data accessibility with the use of application programming interfaces (APIs) is boosting the growth of the market. However, the lack of access to effective tools for designing, testing, and monitoring the information is limiting the growth of the market.
Geographically, global market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. North America market is the dominant market owing to its well-built healthcare infrastructure. The high demand for the improvement in the healthcare service is driving the growth of the market in the region. Europe market falls next to North America. The Asia Pacific market is a huge market that is projected to grow at a fast pace owing to the growing economies. The growth of the market is expected to be significant over the forecast period due to growing government initiatives towards the development of the healthcare sector.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2024-2030 |
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Market Size in 2023 |
US$ 398.3 million |
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Market CAGR |
6.3% |
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By Service |
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By Deployment Model |
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By End User |
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By Region |
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The global healthcare API market size was valued at US$ 398.3 million in 2023 and is projected to grow at a CAGR of 6.3% from 2024 to 2030
The market has been classified into: North America, Europe, Asia Pacific, Latin America, Middle East and Africa
Increasing the demand for healthcare integration world wide
| 1.Executive Summary |
| 2.Global Healthcare API Market Introduction |
| 2.1.Global Healthcare API Market - Taxonomy |
| 2.2.Global Healthcare API Market - Definitions |
| 2.2.1.Service |
| 2.2.2.Deployment Model |
| 2.2.3.End User |
| 2.2.4.Region |
| 3.Global Healthcare API Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Product Landscape |
| 3.6. New Product Launches |
| 3.7. Impact of COVID 19 on Market |
| 4.Global Healthcare API Market Analysis, 2019 - 2023 and Forecast 2024 - 2030 |
| 4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5.Global Healthcare API Market By Service, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 5.1. Medical device |
| 5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Payment |
| 5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 5.3. Remote Patient Monitoring |
| 5.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.3.3. Market Opportunity Analysis |
| 5.4. Appointments |
| 5.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.4.3. Market Opportunity Analysis |
| 5.5. Electronic Health Record Access |
| 5.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.5.3. Market Opportunity Analysis |
| 6.Global Healthcare API Market By Deployment Model, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 6.1. Cloud-based |
| 6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. On-premise |
| 6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 7.Global Healthcare API Market By End User, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 7.1. Vendors |
| 7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Patients |
| 7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. Healthcare providers |
| 7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 8.Global Healthcare API Market By Region, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 8.1. North America |
| 8.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.1.3. Market Opportunity Analysis |
| 8.2. Europe |
| 8.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.2.3. Market Opportunity Analysis |
| 8.3. Asia Pacific (APAC) |
| 8.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.3.3. Market Opportunity Analysis |
| 8.4. Middle East and Africa (MEA) |
| 8.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.4.3. Market Opportunity Analysis |
| 8.5. Latin America |
| 8.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.5.3. Market Opportunity Analysis |
| 9.North America Healthcare API Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 9.1. Service Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1.Medical device |
| 9.1.2.Payment |
| 9.1.3.Remote Patient Monitoring |
| 9.1.4.Appointments |
| 9.1.5.Electronic Health Record Access |
| 9.2. Deployment Model Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.2.1.Cloud-based |
| 9.2.2.On-premise |
| 9.3. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.3.1.Vendors |
| 9.3.2.Patients |
| 9.3.3.Healthcare providers |
| 9.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.4.1.United States of America (USA) |
| 9.4.2.Canada |
| 10.Europe Healthcare API Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 10.1. Service Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1.Medical device |
| 10.1.2.Payment |
| 10.1.3.Remote Patient Monitoring |
| 10.1.4.Appointments |
| 10.1.5.Electronic Health Record Access |
| 10.2. Deployment Model Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.2.1.Cloud-based |
| 10.2.2.On-premise |
| 10.3. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.3.1.Vendors |
| 10.3.2.Patients |
| 10.3.3.Healthcare providers |
| 10.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.4.1.Germany |
| 10.4.2.France |
| 10.4.3.Italy |
| 10.4.4.United Kingdom (UK) |
| 10.4.5.Spain |
| 10.4.6.Rest of EU |
| 10.4.7. |
| 11.Asia Pacific (APAC) Healthcare API Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 11.1. Service Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1.Medical device |
| 11.1.2.Payment |
| 11.1.3.Remote Patient Monitoring |
| 11.1.4.Appointments |
| 11.1.5.Electronic Health Record Access |
| 11.2. Deployment Model Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1.Cloud-based |
| 11.2.2.On-premise |
| 11.3. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.3.1.Vendors |
| 11.3.2.Patients |
| 11.3.3.Healthcare providers |
| 11.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.4.1.China |
| 11.4.2.India |
| 11.4.3.Australia and New Zealand (ANZ) |
| 11.4.4.Japan |
| 11.4.5.Rest of APAC |
| 12.Middle East and Africa (MEA) Healthcare API Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 12.1. Service Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1.Medical device |
| 12.1.2.Payment |
| 12.1.3.Remote Patient Monitoring |
| 12.1.4.Appointments |
| 12.1.5.Electronic Health Record Access |
| 12.2. Deployment Model Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.2.1.Cloud-based |
| 12.2.2.On-premise |
| 12.3. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.3.1.Vendors |
| 12.3.2.Patients |
| 12.3.3.Healthcare providers |
| 12.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.4.1.GCC Countries |
| 12.4.2.South Africa |
| 12.4.3.Rest of MEA |
| 13.Latin America Healthcare API Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 13.1. Service Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.1.1.Medical device |
| 13.1.2.Payment |
| 13.1.3.Remote Patient Monitoring |
| 13.1.4.Appointments |
| 13.1.5.Electronic Health Record Access |
| 13.2. Deployment Model Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.2.1.Cloud-based |
| 13.2.2.On-premise |
| 13.3. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.3.1.Vendors |
| 13.3.2.Patients |
| 13.3.3.Healthcare providers |
| 13.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.4.1.Brazil |
| 13.4.2.Mexico |
| 13.4.3.Rest of LA |
| 14. Competition Landscape |
| 14.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
| 14.2.1.General Electric Company (U.S) |
| 14.2.2.Greenway Health, LLC (U.S) |
| 14.2.3.eClinicalWorks LLC (U.S) |
| 14.2.4.Practice Fusion, Inc. (U.S) |
| 14.2.5.Apple, Inc. (U.S) |
| 14.2.6.MuleSoft, Inc. (U.S) |
| 14.2.7.Practo Technologies Pvt. Ltd. (India) |
| 14.2.8.Epic Systems Corporation (U.S) |
| 14.2.9.Microsoft Corporation (U.S) |
| 14.2.10.Allscripts Healthcare Solutions Inc. (U.S) |
| 15. Research Methodology |
| 16. Appendix and Abbreviations |
Key Market Players
Author
Muni Kumar Meravath is a seasoned Healthcare Market Research Analyst with over 6 years of experience in the healthcare domain, encompassing pharmaceuticals, medical devices, and diagnostics. A graduate in Pharmacy, he possesses a strong foundation in the intricacies of the healthcare sector. He further enhanced his expertise by pursuing an MBA in Pharmaceuticals, equipping him with valuable business acumen. His analytical skills and market insights have contributed to strategic decision-making and enhanced market positioning for various healthcare organizations. Committed to driving innovation and excellence, Muni continues to seek opportunities to improve healthcare delivery through data-driven insights.