Healthcare API Market
Global 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 - Market Size, Dynamics, Regional Share, Trends, Competitor Analysis 2013-2017 and Forecast 2018-2024
Global healthcare API market was valued at US$ XX Mn in 2017 and expected to grow at significant Compound Annual Growth Rate (CAGR) from 2018 to 2024
Market Outline: 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.
Market Dynamics: Healthcare API Market
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.
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Market Scope: Healthcare API Market
Healthcare API market is segmented based on the service, deployment model and end user
Based on the service, the market is segmented into the following:
• Medical device
o Wearable
• Payment
• Remote Patient Monitoring
• Appointments
• Electronic Health Record Access
Based on the deployment model, the market is segmented into the following:
• Cloud-based
• On-premise
Based on the end user, the market is segmented into the following:
• Vendors
• Patients
• Healthcare providers
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Regional Analysis: Healthcare API Market
Geographically, global healthcare API 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.
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Competition Assessment: Healthcare API Market
Some of the players in the global healthcare API market include:
• 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)
Notable Market Developments: Healthcare API Market
In January 2017, Oracle has acquired API development startup Apiary
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