- Category : Healthcare
- Region : Global
- Publishing Date : 08/20/2020
Global Healthcare API Market-By Services (EHR Access, Appointments, and Remote Patient Monitoring), Deployment Model (Cloud Based and On-Premise), End-User (Healthcare Providers, Patients, Healthcare Payers, and Vendors), and Region - Industry Analysis and Forecast to 2025
An application programming interface is a software that allows two applications to interact with each other. API in healthcare is playing a pivotal role in the healthcare sector. It helps in monitoring patient data, medical research, and also create innovative ways to access integrated Electronic Health Records.
This market research report provides in-depth information on trends, dynamics, revenue opportunities, competitive landscape, and recent developments in the global healthcare API market. The historic years considered for the study are 2016-2018, the base year is 2019, the estimated year is 2020, and the forecast period is 2021-2025.
The global healthcare API market is projected to grow from USD 212.5 million in 2020 to USD 320.5 million by 2025 at a CAGR of 8.1%.
Global Healthcare API Market: Market Dynamics
Nowadays, patient satisfaction is given much importance, improved efficiency, and development in the quality of care is driving the healthcare API market. Furthermore, the availability of wearable medical devices and remote patient monitoring is creating demand in the global healthcare API market. The healthcare API enables patients to get familiar with every detail about the specialty, experience, and timing of the healthcare provider even before consulting from them. The growth of global healthcare API is propelled by the acceptance of electronic health records, which offers ease and simplicity of data accessibility.
However, on the contrary, loss/manipulation of the patient record and confidentiality breaches are restraining the market growth. Additionally, various government initiative to upgrade from conventional procedure to technically developed healthcare systems and IT-enabled systems is set to provide wide opportunities and scope for the market expansion
Global Healthcare API Market: Segmental Analysis
The healthcare API market can be segmented based on services, deployment model, end-user, and region.
Based on services, the global healthcare API market is classified into EHR access, appointments, and remote patient monitoring. The EHR access segment dominated the market with the highest revenue share in the past years as it enables seamless data integrity with other platforms. The remote Patient monitoring segment is anticipated to showcase the fastest growth during the forecast period.
Based on the deployment model, the global healthcare API market is classified into cloud-based API and on premise-based API. The cloud-based API held the largest market share in 2020, which is expected to continue its position by 2025. The growth was attributed to the availability to store and access patient information at ease. The on-premise segment is expected to show considerable growth during the forecast period as it restricts data breaching.
Based on end-user, the global healthcare API market is classified into healthcare providers, patients, healthcare payers, and vendors. The healthcare providers segment that comprises of hospitals, clinics, and other organizations held the largest revenue with a revenue share in 2020.
Global Healthcare API Market: Regional Analysis
Geographically, the healthcare API market is classified into North America, Europe, Asia-Pacific, South America, and the Middle East & Africa.
Regionally favorable policies for the deployment of healthcare API is supporting North America to dominate the global healthcare API market. Additionally, the presence of well-developed healthcare infrastructure with integrated EHR of patients is another major factor that is propelling the market growth.
Europe region is anticipated to exhibit the fastest CAGR during the forecast period owing to the advent of IoT and related technologies coupled with established healthcare infrastructure.
Global Healthcare API Market: Competition Scenario
Key players of the healthcare API market are Practo Technologies Pvt. Ltd., MuleSoft, Inc., Microsoft Corporation, Epic Systems Corporation, General Electric Company, Allscripts Healthcare Solutions Inc., eClinical Works LLC, Greenway Health, LLC, Apple, Inc., and Practice Fusion, Inc., among others
Critical Questions Answered in the Report
What are the key trends in the global healthcare API market?
How the market (and its various sub segments) has grown in the last four years and what would be the growth rate in the next five years?
What are the key strategies adopted by the major vendors to lead in the global healthcare API market?
What is the market share of the top vendors?
The study extensively uses both secondary and primary research methodologies. More than 100 industry experts from different phases of the value chain (supply side, demand side, resellers/distributors, and independent consultants) were interviewed to gain key insights about the market and validate the research findings. Secondary sources referred for the research study include company websites, annual reports, paid database tools, investor presentations, webinars, blogs, news/journals, whitepapers, survey papers, associations, and government websites. All the collected data and insights were then processed using our proprietary data mining software that executes various algorithms to make projections for the forecast period.
1 Executive Summary
2 Market Introduction
2.1 Definition
2.2 Architecture
2.3 Scope of the Study
2.4 Related Stakeholders
3 Research Methodology
3.1 Introduction
3.2 Primary Research
3.2.1 Key Insights
3.2.2 Breakdown of Primary Interviews
3.3 Secondary Research
3.3.1 Important Sources
3.4 Market Size Estimation Approaches
3.4.1 Top-Down Approach
3.4.2 Bottom-Up Approach
3.4.3 Data Triangulation
3.5 List of Assumptions
4 Market Dynamics
4.1 Introduction
4.2 Drivers
4.2.1 Acceptance of electronic health records
4.3 Restraints
4.3.1 Data security concerns
4.4 Porter's Five Forces Model Analysis
4.5 Value Chain Analysis
4.6 Regulatory Landscape
5 Global Healthcare API Market, By Services
5.1 Introduction
5.2 EHR Access
5.3 Appointments
5.4 Remote Patient Monitoring
6 Global Healthcare API Market, By Deployment model
6.1 Introduction
6.2 Cloud based
6.3 On premise
7 Global Healthcare API Market, By End-User
7.1 Introduction
7.2 Healthcare Providers
7.3 Patients
7.4 Healthcare Payers
7.5 Vendors
8 Global Healthcare API Market, By Region
8.1 Introduction
8.2 North America
8.2.1 US
8.2.2 Canada
8.2.3 Mexico
8.3 Europe
8.3.1 Germany
8.3.2 UK
8.3.3 France
8.3.4 Italy
8.3.5 Spain
8.3.6 Rest of Europe
8.4 Asia-Pacific
8.4.1 China
8.4.2 India
8.4.3 Japan
8.4.4 South Korea
8.4.5 Rest of Asia-Pacific
8.5 Middle East and Africa
8.6 South America
9 Competitive Landscape
9.1 Introduction
9.2 Vendor Evaluation Criteria
9.3 Market Share Analysis, 2019 (%)
9.4 Recent Developments, 2016-2019
9.4.1 New Type Launches
9.4.2 Partnerships
9.4.3 Mergers or Acquisitions
9.4.4 Business Expansions
10 Company Profiles
(This section covers the Business Overview, Financial Overview, Products & Service Offerings, Recent Developments, SWOT Analysis, and Key Strategies of the top market vendors. The given sequence does not represent their rankings in the market.)
10.1 Practo Technologies Pvt. Ltd.
10.2 MuleSoft, Inc.
10.3 Microsoft Corporation
10.4 Epic Systems Corporation
10.5 General Electric Company
10.6 Allscripts Healthcare Solutions Inc.
10.7 eClinical Works LLC
10.8 Greenway Health, LLC
10.9 Apple, Inc.,
10.10 Practice Fusion, Inc
11 Appendix
11.1 Discussion Guide
11.2 Customization Options
11.3 Related Reports
List of Tables
Table 1 Global Healthcare API Market, By Services, 2016-2025 (USD Million)
Table 2 Global Healthcare API Market, By Deployment model , 2016-2025 (USD Million)
Table 3 Global Healthcare API Market, By End-User, 2016-2025 (USD Million)
Table 4 Global Healthcare API Market, By Region, 2016-2025 (USD Million)
Table 5 North America Healthcare API Market, By Country, 2016-2025 (USD Million)
Table 6 North America Healthcare API Market, By Services, 2016-2025 (USD Million)
Table 7 North America Healthcare API Market, By Deployment model , 2016-2025 (USD Million)
Table 8 North America Healthcare API Market, By End-User, 2016-2025 (USD Million)
Table 9 US Healthcare API Market, By Services, 2016-2025 (USD Million)
Table 10 US Healthcare API Market, By Deployment model , 2016-2025 (USD Million)
Table 11 US Healthcare API Market, By End-User, 2016-2025 (USD Million)
Table 12 Canada Healthcare API Market, By Services, 2016-2025 (USD Million)
Table 13 Canada Healthcare API Market, By Deployment model , 2016-2025 (USD Million)
Table 14 Canada Healthcare API Market, By End-User, 2016-2025 (USD Million)
Table 15 Mexico Healthcare API Market, By Services, 2016-2025 (USD Million)
Table 16 Mexico Healthcare API Market, By Deployment model , 2016-2025 (USD Million)
Table 17 Mexico Healthcare API Market, By End-User, 2016-2025 (USD Million)
Table 18 Europe Healthcare API Market, By Country, 2016-2025 (USD Million)
Table 19 Europe Healthcare API Market, By Services, 2016-2025 (USD Million)
Table 20 Europe Healthcare API Market, By Deployment model , 2016-2025 (USD Million)
Table 21 Europe Healthcare API Market, By End-User, 2016-2025 (USD Million)
Table 22 Germany Healthcare API Market, By Services, 2016-2025 (USD Million)
Table 23 Germany Healthcare API Market, By Deployment model , 2016-2025 (USD Million)
Table 24 Germany Healthcare API Market, By End-User, 2016-2025 (USD Million)
Table 25 UK Healthcare API Market, By Services, 2016-2025 (USD Million)
Table 26 UK Healthcare API Market, By Deployment model , 2016-2025 (USD Million)
Table 27 UK Healthcare API Market, By End-User, 2016-2025 (USD Million)
Table 28 France Healthcare API Market, By Services, 2016-2025 (USD Million)
Table 29 France Healthcare API Market, By End-User, 2016-2025 (USD Million)
Table 30 Italy Healthcare API Market, By Services, 2016-2025 (USD Million)
Table 31 Italy Healthcare API Market, By Deployment model , 2016-2025 (USD Million)
Table 32 Italy Healthcare API Market, By End-User, 2016-2025 (USD Million)
Table 33 Spain Healthcare API Market, By Services, 2016-2025 (USD Million)
Table 34 Spain Healthcare API Market, By Deployment model , 2016-2025 (USD Million)
Table 35 Spain Healthcare API Market, By End-User, 2016-2025 (USD Million)
Table 36 Rest of Europe Healthcare API Market, By Services, 2016-2025 (USD Million)
Table 37 Rest of Europe Healthcare API Market, By Deployment model , 2016-2025 (USD Million)
Table 38 Rest of Europe Healthcare API Market, By End-User, 2016-2025 (USD Million)
Table 39 Asia-Pacific Healthcare API Market, By Country, 2016-2025 (USD Million)
Table 40 Asia-Pacific Healthcare API Market, By Services, 2016-2025 (USD Million)
Table 41 Asia-Pacific Healthcare API Market, By Deployment model , 2016-2025 (USD Million)
Table 42 Asia-Pacific Healthcare API Market, By End-User, 2016-2025 (USD Million)
Table 43 China Healthcare API Market, By Services, 2016-2025 (USD Million)
Table 44 China Healthcare API Market, By Deployment model , 2016-2025 (USD Million)
Table 45 China Healthcare API Market, By End-User, 2016-2025 (USD Million)
Table 46 India Healthcare API Market, By Services, 2016-2025 (USD Million)
Table 47 India Healthcare API Market, By Deployment model , 2016-2025 (USD Million)
Table 48 India Healthcare API Market, By End-User, 2016-2025 (USD Million)
Table 49 Japan Healthcare API Market, By Services, 2016-2025 (USD Million)
Table 50 Japan Healthcare API Market, By Deployment model , 2016-2025 (USD Million)
Table 51 Japan Healthcare API Market, By End-User, 2016-2025 (USD Million)
Table 52 South Korea Healthcare API Market, By Services, 2016-2025 (USD Million)
Table 53 South Korea Healthcare API Market, By Deployment model , 2016-2025 (USD Million)
Table 54 South Korea Healthcare API Market, By End-User, 2016-2025 (USD Million)
Table 55 Rest of Asia-Pacific Healthcare API Market, By Services, 2016-2025 (USD Million)
Table 56 Rest of Asia-Pacific Healthcare API Market, By Deployment model , 2016-2025 (USD Million)
Table 57 Rest of Asia-Pacific Healthcare API Market, By End-User, 2016-2025 (USD Million)
Table 58 Middle East and Africa Healthcare API Market, By Services, 2016-2025 (USD Million)
Table 59 Middle East and Africa Healthcare API Market, By Deployment model , 2016-2025 (USD Million)
Table 60 Middle East and Africa Healthcare API Market, By End-User, 2016-2025 (USD Million)
Table 61 South America Healthcare API Market, By Services, 2016-2025 (USD Million)
Table 62 South America Healthcare API Market, By Deployment model , 2016-2025 (USD Million)
Table 63 South America Healthcare API Market, By End-User, 2016-2025 (USD Million)
List of Figures
Figure 1 Global Healthcare API Market: Market Segmentation
Figure 2 Global Healthcare API Market: Research Methodology
Figure 3 Breakdown of Primary Interviews
Figure 4 Top Down Approach
Figure 5 Bottom Up Approach
Figure 6 Data Triangulation
Figure 7 Global Healthcare API Market: Drivers, Restraints, Opportunities, and Challenges
Figure 8 Global Healthcare API Market: Porter's Five Forces Model Analysis
Figure 9 Global Healthcare API Market: Value Chain Analysis
Figure 10 Global Healthcare API Market Share Analysis, By Services, 2020 and 2025
Figure 11 Global Healthcare API Market Share Analysis, By Deployment model , 2020 and 2025
Figure 12 Global Healthcare API Market Share Analysis, By End-User, 2020 and 2025
Figure 13 Global Healthcare API Market Share Analysis, By Region, 2020 and 2025
Figure 14 North America Healthcare API Market Share Analysis, By Country, 2020 and 2025
Figure 15 North America Healthcare API Market Share Analysis, By Services, 2020 and 2025
Figure 16 North America Healthcare API Market Share Analysis, By Deployment model , 2020 and 2025
Figure 17 North America Healthcare API Market Share Analysis, By End-User, 2020 and 2025
Figure 18 Europe Healthcare API Market Share Analysis, By Country, 2020 and 2025
Figure 19 Europe Healthcare API Market Share Analysis, By Services, 2020 and 2025
Figure 20 Europe Healthcare API Market Share Analysis, By Deployment model , 2020 and 2025
Figure 21 Europe Healthcare API Market Share Analysis, By End-User, 2020 and 2025
Figure 22 Asia-Pacific Healthcare API Market Share Analysis, By Country, 2020 and 2025
Figure 23 Asia-Pacific Healthcare API Market Share Analysis, By Services, 2020 and 2025
Figure 24 Asia-Pacific Healthcare API Market Share Analysis, By Deployment model , 2020 and 2025
Figure 25 Asia-Pacific Healthcare API Market Share Analysis, By End-User, 2020 and 2025
Figure 26 Middle East and Africa Healthcare API Market Share Analysis, By Services, 2020 and 2025
Figure 27 Middle East and Africa Healthcare API Market Share Analysis, By Deployment model , 2020 and 2025
Figure 28 Middle East and Africa Healthcare API Market Share Analysis, By End-User, 2020 and 2025
Figure 29 South America Healthcare API Market Share Analysis, By Services, 2020 and 2025
Figure 30 South America Healthcare API Market Share Analysis, By Deployment model , 2020 and 2025
Figure 31 South America Healthcare API Market Share Analysis, By End-User, 2020 and 2025
Figure 32 Global Healthcare API Market: Competitive Benchmarking
Figure 33 Global Healthcare API Market: Vendor Share Analysis, 2019 (%)