Healthcare API Market Synopsis:
Healthcare API Market Size Was Valued at USD 342.67 Million in 2023, and is Projected to Reach USD 559.57 Million by 2032, Growing at a CAGR of 5.60% From 2024-2032.
Healthcare API is the specific division of the healthcare sector that supplies APIs to bridge and share data between healthcare systems, applications, and devices. These APIs enable interaction hence connecting services including electronic health records (EHRs), patient administration systems, billing and other wears general health devices inclusive. These APIs improve the patient care, organizational functioning and overall healthcare by providing access to efficient data exchange.
The Healthcare API market is growing steadily as more and more users turn to digital health solutions, and healthcare systems require API connections. With the increasing adoption of EHRs and health management systems, it is clear that APIs can act as the bridge that supports interoperability between them. The global healthcare API market is likely to grow in the next few years due to increasing investment in healthcare IT and a focus on using technology to increase patient satisfaction.
With the emergence of mobile health applications and wearable medical devices, healthcare APIs enable integration of those entities into functioning healthcare systems. The trends depicted below are further encouraging the use and expansion of new applications that support digital health for improved RPM, telemedicine, and data analysis. Moreover, the advances in regulatory standards that encourage data exchange, for example the 21st Century Cures Act in the United States, is also boosting the use of healthcare APIs by patients and providers to move medical information freely.
Healthcare API Market Trend Analysis:
Increased Focus on Interoperability
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The move toward improving the ability of various systems and applications to work together is changing the healthcare API market, especially since many market participants are focused on issues related to the integration of different health care systems. Health information exchange promotes provider to provider, patient requisite information authenticated from other sources that augments rational clinical decision making toward favorable patient-healing trends. This is due to the increasing understanding that delivering efficient and effective healthcare requires integration and sharing of information between hospital, clinic laboratory and pharmacy and among others.
- As a result of this demand, APIs in the healthcare sector have been adopted to enhance interoperability investment from the healthcare organizations. These technologies also ensure that data throughout the different systems come in similar formats so that they may interoperate. As most of the healthcare and other related entities start implementing the integration of interoperated solutions, the API market is experiencing high partnerships between the healthcare technology suppliers and service providers that are enabling the evolution of sound healthcare platforms with great focus on improving the patient care and general operations.
Growth in Telehealth Services
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The telehealth services are increasingly growing, and this is a great opportunity for the growth of health care APIs. Outpatient facilities are now on the rise, especially because of the COVID-19 outbreak: APIs play an active role in realizing remote care solutions for patients. Since telehealth applications center on remote patient care, API plays a critical role in providing the possibility to conduct video consultations, secure messaging, and access electronic health records to follow up on patients.
- This is further enhanced by increased patients’ and provider’s telehealth acceptance and use. This is because as the uptake of telehealth solutions increases especially by healthcare organizations, the corresponding need for APIs that enable delivery of those solutions also increases. Providers that invest in stable, secure and logically scalable API –solution will stand to gain with this growing market and translates into win-win situation for both healthcare providers and patients in getting convenient and easy access to healthcare services.
Healthcare API Market Segment Analysis:
Healthcare API Market is Segmented on the basis of Service, Deployment Model, End User, and Region.
By Service, Remote Patient Monitoring segment is expected to dominate the market during the forecast period
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Some of the major types in the healthcare API market are categorized as Remote Patient Monitoring, Payment and EHR Access, Appointments, and Wearable Medical Devices. Gaining some insight into these services reveals that they are in a way very important in improving the delivery of healthcare services. Remote patient monitoring APIs means that doctors can monitor patient’s clinical indices in real time and this can help in the management of chronic diseases. The payment APIs help in simplification of the process of billing and payments so that they are done faster and securely than before helping patient as well as providers.
- EHR access APIs enable the convenient acquisition of data within patient EHRs and guarantee that the information is available to providers when making decisions. Scheduler fits appointee’s needs; these APIs enable users to book appointments or manage them through the Internet. Finally, wearable medical device APIs enable the connection of health monitoring devices to create an unending flow of health information that can complement treatment. This segmentation shows the multi facetted use of healthcare APIs which all collectively enhance the healthcare setting and working.
By End User, Healthcare Providers segment expected to held the largest share
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The healthcare API market is segmented by End Users which comprises of Patient, Provider, payer, and Vendor. The patients have a better experience in their overall treatment through APIs that increase the convenience of accessing their medical record and booking appointments besides other seamless online medical solutions like telemedicine. APIs are used by healthcare providers to make their activities more efficient, to manage patients and to increase the quality of delivering healthcare services based on better access to the necessary data.
- Healthcare payers use APIs for claim processing and patient data for management and the vendor offer an API that fits the health care environment. These end user segments increase the adoption of technology in healthcare while emphasizing the relevance of APIs within them as all are critical segments to the ecosystem.
Healthcare API Market Regional Insights:
North America is Expected to Dominate the Market Over the Forecast period
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North America holds the largest market in the healthcare API industry today due to better health care facilities, higher penetration rate of digital health technologies, and emphasis on better quality of patient care. Healthcare organizations across this region are beginning to deepen their adoption of API technologies with regard to interoperability and a whole pile of other benefits. Besides this, programmes already implemented by governments for exchanging health information and improving interoperability also contribute towards rapid development of the healthcare API market in North America.
- Due to top-notch key players and new-born technology startup solutions, the development of progressive API solutions is unceasing. With the increasing need for digital health services, North America is thought to continue dominating the healthcare API market; this would set the tone for developments in the future of healthcare technology.
Active Key Players in the Healthcare API Market:
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Cerner Corporation (USA)
- Epic Systems Corporation (USA)
- Allscripts Healthcare Solutions (USA)
- Athenahealth (USA)
- MediTech (USA)
- IBM Watson Health (USA)
- Veritas Technologies (USA)
- Redox (USA)
- Google Health (USA)
- Microsoft Corporation (USA)
- Oracle Corporation (USA)
- Zebra Medical Vision (Israel)
- Health Gorilla (USA)
- Medidata Solutions (USA)
- InterSystems Corporation (USA)
- Other Active Players
Key Industry Developments in the Healthcare API Market:
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In July 2023, Apple introduced HealthKit 2.0 with exciting features, including the option to share sleep data with apps and track menstrual cycles.
- In July 2023, Microsoft launched Azure for Healthcare, offering a range of new healthcare APIs as part of its cloud-based healthcare solutions.
- Cerner Corporation also made a move in July 2023, unveiling Cerner Open API. This platform allows app developers to integrate with Cerner’s electronic health records and practice management software.
- In August 2023, Practo Technologies Pvt. Ltd. didn’t lag behind, announcing the Practo API Platform. This platform enables the creation of apps that work seamlessly with Practo’s healthcare discovery and appointment booking systems.
- In September 2023, Apple shared its collaboration with various healthcare providers to develop innovative apps using HealthKit.
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Healthcare API Market |
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Base Year: |
2023 |
Forecast Period: |
2024-2032 |
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Historical Data: |
2017 to 2023 |
Market Size in 2023: |
USD 342.67 Million |
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Forecast Period 2024-32 CAGR: |
5.60% |
Market Size in 2032: |
USD 559.57 Million |
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Segments Covered: |
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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Key Market Drivers: |
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Key Market Restraints: |
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Key Opportunities: |
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Companies Covered in the report: |
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Chapter 1: Introduction
1.1 Scope and Coverage
Chapter 2:Executive Summary
Chapter 3: Market Landscape
3.1 Market Dynamics
3.1.1 Drivers
3.1.2 Restraints
3.1.3 Opportunities
3.1.4 Challenges
3.2 Market Trend Analysis
3.3 PESTLE Analysis
3.4 Porter's Five Forces Analysis
3.5 Industry Value Chain Analysis
3.6 Ecosystem
3.7 Regulatory Landscape
3.8 Price Trend Analysis
3.9 Patent Analysis
3.10 Technology Evolution
3.11 Investment Pockets
3.12 Import-Export Analysis
Chapter 4: Healthcare API Market by Service
4.1 Healthcare API Market Snapshot and Growth Engine
4.2 Healthcare API Market Overview
4.3 Remote Patient Monitoring
4.3.1 Introduction and Market Overview
4.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
4.3.3 Key Market Trends, Growth Factors and Opportunities
4.3.4 Remote Patient Monitoring: Geographic Segmentation Analysis
4.4 Payment EHR Access
4.4.1 Introduction and Market Overview
4.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
4.4.3 Key Market Trends, Growth Factors and Opportunities
4.4.4 Payment EHR Access: Geographic Segmentation Analysis
4.5 Appointments
4.5.1 Introduction and Market Overview
4.5.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
4.5.3 Key Market Trends, Growth Factors and Opportunities
4.5.4 Appointments: Geographic Segmentation Analysis
4.6 Wearable Medical Devices
4.6.1 Introduction and Market Overview
4.6.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
4.6.3 Key Market Trends, Growth Factors and Opportunities
4.6.4 Wearable Medical Devices: Geographic Segmentation Analysis
Chapter 5: Healthcare API Market by Deployment Model
5.1 Healthcare API Market Snapshot and Growth Engine
5.2 Healthcare API Market Overview
5.3 Cloud-Based API
5.3.1 Introduction and Market Overview
5.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
5.3.3 Key Market Trends, Growth Factors and Opportunities
5.3.4 Cloud-Based API: Geographic Segmentation Analysis
5.4 On Premise-Based API
5.4.1 Introduction and Market Overview
5.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
5.4.3 Key Market Trends, Growth Factors and Opportunities
5.4.4 On Premise-Based API: Geographic Segmentation Analysis
Chapter 6: Healthcare API Market by End-Use
6.1 Healthcare API Market Snapshot and Growth Engine
6.2 Healthcare API Market Overview
6.3 Patients
6.3.1 Introduction and Market Overview
6.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
6.3.3 Key Market Trends, Growth Factors and Opportunities
6.3.4 Patients: Geographic Segmentation Analysis
6.4 Healthcare Providers
6.4.1 Introduction and Market Overview
6.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
6.4.3 Key Market Trends, Growth Factors and Opportunities
6.4.4 Healthcare Providers: Geographic Segmentation Analysis
6.5 Healthcare Payers
6.5.1 Introduction and Market Overview
6.5.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
6.5.3 Key Market Trends, Growth Factors and Opportunities
6.5.4 Healthcare Payers: Geographic Segmentation Analysis
6.6 Vendors
6.6.1 Introduction and Market Overview
6.6.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
6.6.3 Key Market Trends, Growth Factors and Opportunities
6.6.4 Vendors: Geographic Segmentation Analysis
Chapter 7: Company Profiles and Competitive Analysis
7.1 Competitive Landscape
7.1.1 Competitive Benchmarking
7.1.2 Healthcare API Market Share by Manufacturer (2023)
7.1.3 Industry BCG Matrix
7.1.4 Heat Map Analysis
7.1.5 Mergers and Acquisitions
7.2 CERNER CORPORATION (USA)
7.2.1 Company Overview
7.2.2 Key Executives
7.2.3 Company Snapshot
7.2.4 Role of the Company in the Market
7.2.5 Sustainability and Social Responsibility
7.2.6 Operating Business Segments
7.2.7 Product Portfolio
7.2.8 Business Performance
7.2.9 Key Strategic Moves and Recent Developments
7.2.10 SWOT Analysis
7.3 EPIC SYSTEMS CORPORATION (USA)
7.4 ALLSCRIPTS HEALTHCARE SOLUTIONS (USA)
7.5 ATHENAHEALTH (USA)
7.6 MEDITECH (USA)
7.7 IBM WATSON HEALTH (USA)
7.8 VERITAS TECHNOLOGIES (USA)
7.9 REDOX (USA)
7.10 GOOGLE HEALTH (USA)
7.11 MICROSOFT CORPORATION (USA)
7.12 OTHER ACTIVE PLAYERS
Chapter 8: Global Healthcare API Market By Region
8.1 Overview
8.2. North America Healthcare API Market
8.2.1 Key Market Trends, Growth Factors and Opportunities
8.2.2 Top Key Companies
8.2.3 Historic and Forecasted Market Size by Segments
8.2.4 Historic and Forecasted Market Size By Service
8.2.4.1 Remote Patient Monitoring
8.2.4.2 Payment EHR Access
8.2.4.3 Appointments
8.2.4.4 Wearable Medical Devices
8.2.5 Historic and Forecasted Market Size By Deployment Model
8.2.5.1 Cloud-Based API
8.2.5.2 On Premise-Based API
8.2.6 Historic and Forecasted Market Size By End-Use
8.2.6.1 Patients
8.2.6.2 Healthcare Providers
8.2.6.3 Healthcare Payers
8.2.6.4 Vendors
8.2.7 Historic and Forecast Market Size by Country
8.2.7.1 US
8.2.7.2 Canada
8.2.7.3 Mexico
8.3. Eastern Europe Healthcare API Market
8.3.1 Key Market Trends, Growth Factors and Opportunities
8.3.2 Top Key Companies
8.3.3 Historic and Forecasted Market Size by Segments
8.3.4 Historic and Forecasted Market Size By Service
8.3.4.1 Remote Patient Monitoring
8.3.4.2 Payment EHR Access
8.3.4.3 Appointments
8.3.4.4 Wearable Medical Devices
8.3.5 Historic and Forecasted Market Size By Deployment Model
8.3.5.1 Cloud-Based API
8.3.5.2 On Premise-Based API
8.3.6 Historic and Forecasted Market Size By End-Use
8.3.6.1 Patients
8.3.6.2 Healthcare Providers
8.3.6.3 Healthcare Payers
8.3.6.4 Vendors
8.3.7 Historic and Forecast Market Size by Country
8.3.7.1 Russia
8.3.7.2 Bulgaria
8.3.7.3 The Czech Republic
8.3.7.4 Hungary
8.3.7.5 Poland
8.3.7.6 Romania
8.3.7.7 Rest of Eastern Europe
8.4. Western Europe Healthcare API Market
8.4.1 Key Market Trends, Growth Factors and Opportunities
8.4.2 Top Key Companies
8.4.3 Historic and Forecasted Market Size by Segments
8.4.4 Historic and Forecasted Market Size By Service
8.4.4.1 Remote Patient Monitoring
8.4.4.2 Payment EHR Access
8.4.4.3 Appointments
8.4.4.4 Wearable Medical Devices
8.4.5 Historic and Forecasted Market Size By Deployment Model
8.4.5.1 Cloud-Based API
8.4.5.2 On Premise-Based API
8.4.6 Historic and Forecasted Market Size By End-Use
8.4.6.1 Patients
8.4.6.2 Healthcare Providers
8.4.6.3 Healthcare Payers
8.4.6.4 Vendors
8.4.7 Historic and Forecast Market Size by Country
8.4.7.1 Germany
8.4.7.2 UK
8.4.7.3 France
8.4.7.4 The Netherlands
8.4.7.5 Italy
8.4.7.6 Spain
8.4.7.7 Rest of Western Europe
8.5. Asia Pacific Healthcare API Market
8.5.1 Key Market Trends, Growth Factors and Opportunities
8.5.2 Top Key Companies
8.5.3 Historic and Forecasted Market Size by Segments
8.5.4 Historic and Forecasted Market Size By Service
8.5.4.1 Remote Patient Monitoring
8.5.4.2 Payment EHR Access
8.5.4.3 Appointments
8.5.4.4 Wearable Medical Devices
8.5.5 Historic and Forecasted Market Size By Deployment Model
8.5.5.1 Cloud-Based API
8.5.5.2 On Premise-Based API
8.5.6 Historic and Forecasted Market Size By End-Use
8.5.6.1 Patients
8.5.6.2 Healthcare Providers
8.5.6.3 Healthcare Payers
8.5.6.4 Vendors
8.5.7 Historic and Forecast Market Size by Country
8.5.7.1 China
8.5.7.2 India
8.5.7.3 Japan
8.5.7.4 South Korea
8.5.7.5 Malaysia
8.5.7.6 Thailand
8.5.7.7 Vietnam
8.5.7.8 The Philippines
8.5.7.9 Australia
8.5.7.10 New Zealand
8.5.7.11 Rest of APAC
8.6. Middle East & Africa Healthcare API Market
8.6.1 Key Market Trends, Growth Factors and Opportunities
8.6.2 Top Key Companies
8.6.3 Historic and Forecasted Market Size by Segments
8.6.4 Historic and Forecasted Market Size By Service
8.6.4.1 Remote Patient Monitoring
8.6.4.2 Payment EHR Access
8.6.4.3 Appointments
8.6.4.4 Wearable Medical Devices
8.6.5 Historic and Forecasted Market Size By Deployment Model
8.6.5.1 Cloud-Based API
8.6.5.2 On Premise-Based API
8.6.6 Historic and Forecasted Market Size By End-Use
8.6.6.1 Patients
8.6.6.2 Healthcare Providers
8.6.6.3 Healthcare Payers
8.6.6.4 Vendors
8.6.7 Historic and Forecast Market Size by Country
8.6.7.1 Turkiye
8.6.7.2 Bahrain
8.6.7.3 Kuwait
8.6.7.4 Saudi Arabia
8.6.7.5 Qatar
8.6.7.6 UAE
8.6.7.7 Israel
8.6.7.8 South Africa
8.7. South America Healthcare API Market
8.7.1 Key Market Trends, Growth Factors and Opportunities
8.7.2 Top Key Companies
8.7.3 Historic and Forecasted Market Size by Segments
8.7.4 Historic and Forecasted Market Size By Service
8.7.4.1 Remote Patient Monitoring
8.7.4.2 Payment EHR Access
8.7.4.3 Appointments
8.7.4.4 Wearable Medical Devices
8.7.5 Historic and Forecasted Market Size By Deployment Model
8.7.5.1 Cloud-Based API
8.7.5.2 On Premise-Based API
8.7.6 Historic and Forecasted Market Size By End-Use
8.7.6.1 Patients
8.7.6.2 Healthcare Providers
8.7.6.3 Healthcare Payers
8.7.6.4 Vendors
8.7.7 Historic and Forecast Market Size by Country
8.7.7.1 Brazil
8.7.7.2 Argentina
8.7.7.3 Rest of SA
Chapter 9 Analyst Viewpoint and Conclusion
9.1 Recommendations and Concluding Analysis
9.2 Potential Market Strategies
Chapter 10 Research Methodology
10.1 Research Process
10.2 Primary Research
10.3 Secondary Research
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Healthcare API Market |
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|
Base Year: |
2023 |
Forecast Period: |
2024-2032 |
|
Historical Data: |
2017 to 2023 |
Market Size in 2023: |
USD 342.67 Million |
|
Forecast Period 2024-32 CAGR: |
5.60% |
Market Size in 2032: |
USD 559.57 Million |
|
Segments Covered: |
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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Key Market Drivers: |
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Key Market Restraints: |
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Key Opportunities: |
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Companies Covered in the report: |
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