Healthcare API Market: Global Market Size, Dynamics, Regional Share, Trends, Competitor Analysis 2016 to 2021 and Forecast 2022 to 2028

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Healthcare API Market: By Service (Medical Device, Payment, Remote Patient Monitoring, Appointments, and Electronic Health Record Access), By Deployment Model (Cloud-based, On-premise), By End User (Vendors, Patients, Healthcare Providers), and Geography 

 

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Report

Description

Healthcare API Market size was valued at USD 233.2 million in 2021 and is expected to reach a value of USD 357.7 million by 2028, recording a CAGR of 6.3% during the forecast period 2022-2028. Healthcare API Market 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).

Healthcare API Market

MARKET SUMMARY
-
6.3% CAGR
  • Study Period– 2022-2028
  • Base Year– 2021
  • CAGR– 6.3%
  • Largest Market– North America
  • Fastest Growing Market– Asia-Pacific

Healthcare API Market

  • The Healthcare API Market is segmented based on the service, deployment model ,end-user and Geography
  • Healthcare API Market gives historical, current, and future market sizes (US$ Bn) of product type and distribution channel and geographic regions.
Market Key Players
  • General Electric Company
  • Greenway Health, LLC
  • eClinicalWorks LLC
  • Practice Fusion, Inc.
  • Practo Technologies Pvt. Ltd.
Growth

Healthcare API Market

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 healthcare API 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 healthcare API 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 healthcare API market.


North-America Got Significant Share

Healthcare API Market

Geographically, global market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. North America healthcare API 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 healthcare API market in the region. Europe healthcare API market falls next to North America. The Asia Pacific healthcare API market is a huge market that is projected to grow at a fast pace owing to the growing economies. The growth of the healthcare API market is expected to be significant over the forecast period due to growing government initiatives towards the development of the healthcare sector.

Latin America
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East

Key

Key Features of the Report

  • The report provides granular level information about the market size, regional market share, historic market (2015 to 2020) and forecast (2021 to 2027)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments and startup’s details that are actively working in the market
  • The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
  • The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market
Healthcare API Market Segmentation


Location

GEOGRAPHY

Frequently Asked Questions

2021 is the base year and 2028 is the forecast year.

The report covers the five regions and 15+ countries market data: North America (United States, Canada), Europe (Germany, France, Italy, Spain, and United Kingdom (UK), Asia Pacific (China, India, Japan, Australia & New Zealand), Latin America (Brazil, Mexico, Argentina) and Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa).

In our report, we provide 12-15 market players’ information into the report. However, based on the client’s request we will provide additional country and regional market players information as well.


Report

Table Of Content


Report

Company Profile

  • General Electric Company (U.S)
  • Greenway Health, LLC (U.S)
  • eClinicalWorks LLC (U.S)
  • Practice Fusion, Inc. (U.S)
  • Apple, Inc. (U.S)
  • MuleSoft, Inc. (U.S)
  • Practo Technologies Pvt. Ltd. (India)
  • Epic Systems Corporation (U.S)
  • Microsoft Corporation (U.S)
  • Allscripts Healthcare Solutions Inc. (U.S)

Description

Healthcare API Market size was valued at USD 233.2 million in 2021 and is expected to reach a value of USD 357.7 million by 2028, recording a CAGR of 6.3% during the forecast period 2022-2028. Healthcare API Market 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).

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