Global Healthcare API Market (2021-2027) by Service, Deployment Model, End user and Geography. IGR Competitive Analysis, Impact of Covid-19, Ansoff Analysis

The Global Healthcare API Market is estimated to be USD 253.7 Mn in 2021 and is expected to reach USD 393.73 Mn by 2027, growing at a CAGR of 7.6 %.

Market Dynamics

Patient-centric health-related sector is the up-coming value-based form particularly for the healthcare delivery, which has actually resulted in the development of better outcomes, care quality, and improvement in patient contentment. Increasing focus majorly on patient-centric healthcare delivery via (APIs) has been renowned in the past and the emergence/appearance of several services, such as inaccessible patient check-up and wearable medical equipment has increased the demand and popularity for the global healthcare API market.

Market Segmentation

The Global Healthcare API Market is segmented further based on Service, Deployment Model, End User and Geography.

By Service, the market is classified into Appointments, Payment, Medical Device (Wearable), Electronic Health Record Access, and Remote Patient Monitoring.

By Deployment Model, the market is classified into On-Premise and Cloud- based.

By End User, the market is classified amongst Providers, Healthcare Payers, Vendors and Patients.

By Geography, Asia Pacific and Europe are expected to offer growth opportunities for the players operating in the market.

Recent Developments

1. Aug-2020: Cerner partnered with Amazon, a multinational technology company. The partnership was focused on making it easier for medical providers to obtain patient-generated health data from wearable technology. The partnership was focused on Amazon Halo, a new wearable from Amazon that can provide key patient metrics like activity levels, sleep quality, and body fat percentage.

2. Jul-2020: Microsoft Corporation extended its partnership with Allscripts Healthcare, a healthcare company. The expansion enabled the expanded development and delivery of cloud-based health IT solutions. The expansion would support Allscripts’ cloud-based Sunrise electronic health record, making Microsoft the cloud provider for the solution and opening up co-innovation opportunities to help transform healthcare with smarter, more scalable technology.

3. In June 2020, MuleSoft launched a new accelerator for healthcare with prebuilt APIs and common EHR systems like Cerner and Epic.

Company Profiles

Some of the companies covered in this report are 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, etc.

Competitive Quadrant

The report includes the Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Why buy this report?

The report offers a comprehensive evaluation of the Global Healthcare API Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.

The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
The report includes in-depth market analysis using Porter’s 5 force model and the Ansoff Matrix. The impact of Covid-19 on the market is also featured in the report.

The report also contains the competitive analysis using the Competitive Quadrant, the publisher’s proprietary competitive positioning tool.

Report Highlights:

A complete analysis of the market, including parent industry
Important market dynamics and trends
Market segmentation
Historical, current, and projected size of the market based on value and volume
Market shares and strategies of key players
Recommendations to companies for strengthening their foothold in the market

1 Report Description

1.1 Study Objectives
1.2 Market Definition
1.3 Currency
1.4 Years Considered
1.5 Language
1.6 Key Stakeholders

2 Research Methodology

2.1 Research Process
2.2 Data Collection and Validation
2.2.1 Secondary Research
2.2.2 Primary Research
2.3 Market Size Estimation
2.4 Assumptions of the Study
2.5 Limitations of the Study

3 Executive Summary

4 Market Overview

4.1 Introduction
4.2 Market Dynamics
4.2.1 Drivers
4.2.1.1 Increasing demand for healthcare integration
4.2.1.2 Increasing adoption of API-based EHR
4.2.1.3 Technological Advancements
4.2.2 Restraints
4.2.2.1 Safety & security issues related to patient health information
4.2.3 Opportunities
4.2.3.1 The constant rise in government initiatives to relocate from the conventional method to technologically developed healthcare frameworks
4.2.3.2 IT-empowered solutions and services is anticipated to give various chances to market improvement.
4.2.4 Challenges
4.2.4.1 Loss and control of significant patient data and worries identified with security breaches
4.3 Trends

5 Market Analysis

5.1 Porter’s Five Forces Analysis
5.2 Impact of COVID-19
5.3 Ansoff Matrix Analysis

6 Global Healthcare API Market, By Service

6.1 Introduction
6.2 Appointments
6.3 Payment
6.4 Medical Device (Wearable)
6.5 Electronic Health Record Access
6.6 Remote Patient Monitoring

7 Global Healthcare API Market, By Deployment Model

7.1 On-premise
7.2 Cloud-based

8 Global Healthcare API Market, By End User

8.1 Introduction
8.2 Healthcare Providers
8.3 Healthcare Payers
8.4 Vendor
8.5 Patients

9 Global Healthcare API Market, By Geography

9.1 Introduction
9.2 North America
9.2.1 US
9.2.2 Canada
9.2.3 Mexico
9.3 South America
9.3.1 Brazil
9.3.2 Argentina
9.4 Europe
9.4.1 UK
9.4.2 France
9.4.3 Germany
9.4.4 Italy
9.4.5 Spain
9.4.6 Rest of Europe
9.5 Asia-Pacific
9.5.1 China
9.5.2 Japan
9.5.3 India
9.5.4 Indonesia
9.5.5 Malaysia
9.5.6 South Korea
9.5.7 Australia
9.5.8 Russia
9.5.9 Rest of APAC
9.6 Rest of the World
9.6.1 Qatar
9.6.2 Saudi Arabia
9.6.3 South Africa
9.6.4 United Arab Emirates
9.6.5 Latin America

10 Competitive Landscape

10.1 Competitive Quadrant
10.2 Market Share Analysis
10.3 Competitive Scenario
10.3.1 Mergers & Acquisitions
10.3.2 Agreement, Collaborations, & Partnerships
10.3.3 New Product Launches & Enhancements
10.3.4 Investments & Funding

11 Company Profiles

11.1 Microsoft Corporation
11.2 Apigee
11.3 MuleSoft, Inc
11.4 Google Cloud
11.5 Allscripts Healthcare Solutions Inc.
11.6 Practice Fusion, Inc
11.7 Practo Technologies Pvt. Ltd.
11.8 Greenway Health, LLC
11.9 eClinical Works LLC
11.10 TrueVault
11.11 Apple, Inc.
11.12 Epic Systems Corporation
11.13 General Electric Company
11.14 Athenahealth
11.15 Cerner Corporation
11.16 GE Healthcare
11.17 Qikwell Technologies

12 Appendix

12.1 Questionnaire