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Healthcare API Market Size to Hit Over USD 2 Billion by the end of 2027

The healthcare API market size accounted for US$ 1.7 billion in 2020 and is projected to hit around US$ 2 billion by 2027, and is estimated to expand at a modest CAGR of 8.7% during the prediction period 2021 to 2027., as per reports by market research and consulting organizations Nova One Advisor.

The report contains 150+ pages with detailed analysis. The report provides an in-depth analysis of the market size, share, emerging and current trends, future estimations, and key players.

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Report Coverage

Report Scope Details
Market Size USD 2.0 Billion by 2027
Growth Rate CAGR of 8.7% From 2021 to 2027
Base Year 2020
Forecast Period 2021 to 2027
Historic Data 2017 to 2020
Report coverage Growth Factors, Revenue Status, Competitive Landscape,  and Future Trends
Segments Covered Services, deployment, end-use And Region

Competition Landscape

In the final section of the research report, Nova One Advisor provided the global healthcare API market structure and a detailed competition landscape to provide a dashboard view of key players operating in the healthcare API market along with their business strategies to report audiences. This section is primarily designed to provide clients with an objective and detailed comparative assessment of the key providers specific to a market segment in the value chain of the market.

Some of the major players in the healthcare API market include:

Practo Technologies Pvt. Ltd.; Apple, Inc.; General Electric Company; Athenahealth; Cerner Corporation; Microsoft Corporation; Epic Systems Corporation; eClinical Works LLC; Allscripts Healthcare Solutions Inc.; Greenway Health, LLC; Practice Fusion, Inc.; MuleSoft, Inc.

Market Report Scope

This market report studies market dynamics, status and outlook especially in North America, Europe and Asia-Pacific, Latin America, the Middle East and Africa. This research report offers scenario and forecast (revenue/volume) and categorizes the market by key players and various segment. This report also studies global market prominence, competitive landscape, market share, growth rates market dynamics such as drivers, restraints and opportunities, and distributors and sales channels.

This research study also integrates Industry Chain analysis and Porter’s Five Forces Analysis. Further, this report offers a competitive scenario that comprises collaborations, market concentration rate and expansions, mergers & acquisitions undertaken by companies.

Growth Factors:

Increasing adoption of Application Programming Interfaces (API) integrated Electronic Health Records (EHRs) that provide simplicity and ease of healthcare data accessibility is driving the market growth. Moreover, improved patient outcomes increased patient satisfaction, and development in the care quality are propelling the market expansion. Furthermore, increasing the need for healthcare integration is driving demand. Integration of new workflows between the providers and the payers, the apps which can access data from EHRs, wearables, and their services, seamless transition of care are some of the major factors increasing the adoption of healthcare API.

This research report purposes at stressing the most lucrative growth prospects. The aim of the research report is to provide an inclusive valuation of the Healthcare API market and it encompasses thoughtful visions, actualities, industry-validated market findings, historic data, and prognoses by means of appropriate set of assumptions and practice. Global Healthcare API market report aids in comprehending market structure and dynamics by recognizing and scrutinizing the market sectors and predicted the global market outlook.

COVID-19 Impact Assessment on Market Landscape

The report comprises the scrutiny of COVID-19 lock-down impact on the income of market leaders, disrupters and followers. Since lock down was instigated differently in diverse regions and nations, influence of same is also dissimilar across various industry verticals. The research report offers present short-term and long-term influence on the market to assist market participants across value chain makers to formulate the framework for short term and long-lasting tactics for recovery and by region.

Healthcare API market Report empowers readers with all-inclusive market intelligence and offers a granular outline of the market they are operational in. Further this research study delivers exceptional combination of tangible perceptions and qualitative scrutiny to aid companies accomplishes sustainable growth. This report employs industry-leading research practices and tools to assemble all-inclusive market studies, intermingled with pertinent data. Additionally, this report also emphases on the competitive examination of crucial players by analyzing their product portfolio, pricing, gross margins, financial position, growth approaches, and regional occurrence.

Region Insights

North America dominated the market with a revenue share of around 34.8% in 2019. This growth can be attributed to various factors such as favorable policies for deployment of healthcare application programming interface and high digital literacy rates. Moreover, the presence of established healthcare infrastructure with integrated EHR of patients is another major growth propelling factor for the market. Increase number of adopters such as big HCOs in the U.S. is expected to further drive the regional demand.

Europe is expected to exhibit the fastest CAGR over the forecast period owing to the established healthcare infrastructure in this region and the advent of the Internet of Things (IoT) and related technologies. The General Data Protection Regulation (GDPR) was implemented on May 25th, 2018 in the European Union, which is a law on data privacy and protection. The law is more stringent than that of the U.S., HIPAA, and addresses the personal export of data outside the European countries, which is expected to increase the adoption of healthcare API.

Market Segmentation

By Services

    • EHR Access
    • Appointments
    • Remote Patient Monitoring
    • Payment
    • Wearable Medical Device

By Deployment Model

    • Cloud-based
    • On-Premise

By End-use

    • Healthcare Payers
    • Providers
    • Patients
    • Vendors

Regional Segmentation

– North America (U.S. and Canada)

 – Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)

 – Asia-Pacific (China, Japan, India, Southeast Asia and Rest of APAC)

 – Latin America (Brazil and Rest of Latin America)

– Middle East and Africa (GCC, North Africa, South Africa, Rest of MEA)

Research Methodology

Secondary Research

It involves company databases such as Hoover’s: This assists us recognize financial information, structure of the market participants and industry competitive landscape.

The secondary research sources referred in the process are as follows:

  • Governmental bodies, and organizations creating economic policies
  • National and international social welfare institutions
  • Company websites, financial reports and SEC filings, broker and investor reports
  • Related patent and regulatory databases
  • Statistical databases and market reports
  • Corporate Presentations, news, press release, and specification sheet of Manufacturers

Primary Research

Primary research includes face-to face interviews, online surveys, and telephonic interviews.

  • Means of primary research: Email interactions, telephonic discussions and Questionnaire based research etc.
  • In order to validate our research findings and analysis we conduct primary interviews of key industry participants. Insights from primary respondents help in validating the secondary research findings. It also develops Research Team’s expertise and market understanding.

Most Asked Questions

  • What is the market size of the healthcare API market at the global level?
  • Which screen size is most preferred by the consumers of healthcare API?
  • Which mode of distribution channel is most preferred by the manufacturers of healthcare API?
  • Which is the preferred age group for targeting healthcare API for manufacturers?
  • Who are the major players operating in the global healthcare API market? What is the current market position of the key players? Who are the emerging players in this industry?
  • Who are the major distributors, traders, and dealers operating in the healthcare API market?
  • What the key factors driving, inhibiting the growth of the market, and what is the degree of impact of the drivers and restraints?
  • What is the impact of the regulations on the growth of the healthcare API market?
  • Which is the leading region/country for the growth of the market? What is the anticipated growth rate of the leading regions during the forecast period?
  • How are the emerging markets for healthcare API expected to perform in the coming years? How is the consumption pattern expected to evolve in the future?

Why should you invest in this report?

If you are aiming to enter the global healthcare API market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for healthcare API are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2021-2027, so that you can plan your strategies to enter this market accordingly.

Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.

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Chapter 1.  Introduction

1.1.  Research Objective

1.2.  Scope of the Study

1.3.  Definition

Chapter 2.  Research Methodology

2.1.  Research Approach

2.2.  Data Sources

2.3.  Assumptions & Limitations

Chapter 3.  Executive Summary

3.1.  Market Snapshot

Chapter 4.  Market Variables and Scope

4.1.  Introduction

4.2.  Market Classification and Scope

4.3.  Industry Value Chain Analysis

4.3.1.    Raw Material Procurement Analysis

4.3.2.    Sales and Distribution Channel Analysis

4.3.3.    Downstream Buyer Analysis

Chapter 5.  Market Dynamics Analysis and Trends

5.1.  Market Dynamics

5.1.1.    Market Drivers

5.1.2.    Market Restraints

5.1.3.    Market Opportunities

5.2.  Porter’s Five Forces Analysis

5.2.1.    Bargaining power of suppliers

5.2.2.    Bargaining power of buyers

5.2.3.    Threat of substitute

5.2.4.    Threat of new entrants

5.2.5.    Degree of competition

Chapter 6.  Competitive Landscape

6.1.1.    Company Market Share/Positioning Analysis

6.1.2.    Key Strategies Adopted by Players

6.1.3.    Vendor Landscape        List of Suppliers        List of Buyers

Chapter 7.  Global Healthcare API Market, By Services

7.1.  Healthcare API Market, By Services Type, 2020-2027

7.1.1.    EHR Access        Market Revenue and Forecast (2016-2027)

7.1.2.    Appointments        Market Revenue and Forecast (2016-2027)

7.1.3.    Remote Patient Monitoring        Market Revenue and Forecast (2016-2027)

7.1.4.    Payment        Market Revenue and Forecast (2016-2027)

7.1.5.    Wearable Medical Device        Market Revenue and Forecast (2016-2027)

Chapter 8.  Global Healthcare API Market, By Deployment Model

8.1.  Healthcare API Market, By Deployment Model, 2020-2027

8.1.1.    Cloud-based        Market Revenue and Forecast (2016-2027)

8.1.2.    On-Premise        Market Revenue and Forecast (2016-2027)

Chapter 9.  Global Healthcare API Market, By End-use

9.1.  Healthcare API Market, By End-use, 2020-2027

9.1.1.    Healthcare Payers        Market Revenue and Forecast (2016-2027)

9.1.2.    Providers        Market Revenue and Forecast (2016-2027)

9.1.3.    Patients        Market Revenue and Forecast (2016-2027)

9.1.4.    Vendors        Market Revenue and Forecast (2016-2027)

Chapter 10.      Global Healthcare API Market, Regional Estimates and Trend Forecast

10.1.        North America

10.1.1.  Market Revenue and Forecast, By Services (2016-2027)

10.1.2.  Market Revenue and Forecast, By Deployment Model (2016-2027)

10.1.3.  Market Revenue and Forecast, By End-use (2016-2027)

10.1.4.  U.S.      Market Revenue and Forecast, By Services (2016-2027)      Market Revenue and Forecast, By Deployment Model (2016-2027)      Market Revenue and Forecast, By End-use (2016-2027)

10.1.5.  Rest of North America      Market Revenue and Forecast, By Services (2016-2027)      Market Revenue and Forecast, By Deployment Model (2016-2027)      Market Revenue and Forecast, By End-use (2016-2027)

10.2.        Europe

10.2.1.  Market Revenue and Forecast, By Services (2016-2027)

10.2.2.  Market Revenue and Forecast, By Deployment Model (2016-2027)

10.2.3.  Market Revenue and Forecast, By End-use (2016-2027)

10.2.4.  UK      Market Revenue and Forecast, By Services (2016-2027)      Market Revenue and Forecast, By Deployment Model (2016-2027)      Market Revenue and Forecast, By End-use (2016-2027)

10.2.5.  Germany      Market Revenue and Forecast, By Services (2016-2027)      Market Revenue and Forecast, By Deployment Model (2016-2027)      Market Revenue and Forecast, By End-use (2016-2027)

10.2.6.  France      Market Revenue and Forecast, By Services (2016-2027)      Market Revenue and Forecast, By Deployment Model (2016-2027)      Market Revenue and Forecast, By End-use (2016-2027)

10.2.7.  Rest of Europe      Market Revenue and Forecast, By Services (2016-2027)      Market Revenue and Forecast, By Deployment Model (2016-2027)      Market Revenue and Forecast, By End-use (2016-2027)

10.3.        APAC

10.3.1.  Market Revenue and Forecast, By Services (2016-2027)

10.3.2.  Market Revenue and Forecast, By Deployment Model (2016-2027)

10.3.3.  Market Revenue and Forecast, By End-use (2016-2027)

10.3.4.  India      Market Revenue and Forecast, By Services (2016-2027)      Market Revenue and Forecast, By Deployment Model (2016-2027)      Market Revenue and Forecast, By End-use (2016-2027)

10.3.5.  China      Market Revenue and Forecast, By Services (2016-2027)      Market Revenue and Forecast, By Deployment Model (2016-2027)      Market Revenue and Forecast, By End-use (2016-2027)

10.3.6.  Japan      Market Revenue and Forecast, By Services (2016-2027)      Market Revenue and Forecast, By Deployment Model (2016-2027)      Market Revenue and Forecast, By End-use (2016-2027)

10.3.7.  Rest of APAC      Market Revenue and Forecast, By Services (2016-2027)      Market Revenue and Forecast, By Deployment Model (2016-2027)      Market Revenue and Forecast, By End-use (2016-2027)

10.4.        MEA

10.4.1.  Market Revenue and Forecast, By Services (2016-2027)

10.4.2.  Market Revenue and Forecast, By Deployment Model (2016-2027)

10.4.3.  Market Revenue and Forecast, By End-use (2016-2027)

10.4.4.  GCC      Market Revenue and Forecast, By Services (2016-2027)      Market Revenue and Forecast, By Deployment Model (2016-2027)      Market Revenue and Forecast, By End-use (2016-2027)

10.4.5.  North Africa      Market Revenue and Forecast, By Services (2016-2027)      Market Revenue and Forecast, By Deployment Model (2016-2027)      Market Revenue and Forecast, By End-use (2016-2027)

10.4.6.  South Africa      Market Revenue and Forecast, By Services (2016-2027)      Market Revenue and Forecast, By Deployment Model (2016-2027)      Market Revenue and Forecast, By End-use (2016-2027)

10.4.7.  Rest of MEA      Market Revenue and Forecast, By Services (2016-2027)      Market Revenue and Forecast, By Deployment Model (2016-2027)      Market Revenue and Forecast, By End-use (2016-2027)

10.5.        Latin America

10.5.1.  Market Revenue and Forecast, By Services (2016-2027)

10.5.2.  Market Revenue and Forecast, By Deployment Model (2016-2027)

10.5.3.  Market Revenue and Forecast, By End-use (2016-2027)

10.5.4.  Brazil      Market Revenue and Forecast, By Services (2016-2027)      Market Revenue and Forecast, By Deployment Model (2016-2027)      Market Revenue and Forecast, By End-use (2016-2027)

10.5.5.  Rest of LATAM      Market Revenue and Forecast, By Services (2016-2027)      Market Revenue and Forecast, By Deployment Model (2016-2027)      Market Revenue and Forecast, By End-use (2016-2027)

Chapter 11.  Company Profiles

11.1.              Allscripts Healthcare Solutions Inc.

11.1.1.  Company Overview

11.1.2.  Product Offerings

11.1.3.  Financial Performance

11.1.4.  Recent Initiatives

11.2.              Athenahealth

11.2.1.  Company Overview

11.2.2.  Product Offerings

11.2.3.  Financial Performance

11.2.4.  Recent Initiatives

11.3.              Cerner Corporation

11.3.1.  Company Overview

11.3.2.  Product Offerings

11.3.3.  Financial Performance

11.3.4.  Recent Initiatives

11.4.              Epic

11.4.1.  Company Overview

11.4.2.  Product Offerings

11.4.3.  Financial Performance

11.4.4.  Recent Initiatives

11.5.              Microsoft Corporation

11.5.1.  Company Overview

11.5.2.  Product Offerings

11.5.3.  Financial Performance

11.5.4.  Recent Initiatives

11.6.              Apple, Inc.

11.6.1.  Company Overview

11.6.2.  Product Offerings

11.6.3.  Financial Performance

11.6.4.  Recent Initiatives

11.7.              Google LLC

11.7.1.  Company Overview

11.7.2.  Product Offerings

11.7.3.  Financial Performance

11.7.4.  Recent Initiatives

11.8.              Sansoro Health

11.8.1.  Company Overview

11.8.2.  Product Offerings

11.8.3.  Financial Performance

11.8.4.  Recent Initiatives

11.9.              eClinical Works LLC

11.9.1.  Company Overview

11.9.2.  Product Offerings

11.9.3.  Financial Performance

11.9.4.  Recent Initiatives

11.10.           Practice Fusion, Inc.

11.10.1.               Company Overview

11.10.2.               Product Offerings

11.10.3.               Financial Performance

11.10.4.               Recent Initiatives

11.11.           MuleSoft, Inc.

11.11.1.               Company Overview

11.11.2.               Product Offerings

11.11.3.               Financial Performance

11.11.4.               Recent Initiatives

Chapter 12.  Research Methodology

12.1.              Primary Research

12.2.              Secondary Research

12.3.              Assumptions

Chapter 13.  Appendix

13.1.              About Us

Glossary of Terms

Thanks for reading you can also get individual chapter-wise sections or region-wise report versions such as North America, Europe, or the Asia Pacific.

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