Global HealthCare API Market

HealthCare API Market Size, Share, Growth Analysis, By Services(EHR Access, Appointments, Remote Patient Monitoring), By Deployment Model(Cloud Based, On-Premise), By End-user(Providers, Healthcare Payers, Vendors and Patients), By Region - Industry Forecast 2024-2031


Report ID: SQMIG35D2160 | Region: Global | Published Date: March, 2024
Pages: 219 |Tables: 89 |Figures: 76

HealthCare API Market Insights

Global HealthCare API Market size was valued at USD 218.41 million in 2022 and is poised to grow from USD 226.19 million in 2023 to USD 299.23 million by 2031, growing at a CAGR of 3.56% in the forecast period (2024-2031).

The global healthcare API market is experiencing significant growth driven by the increasing adoption of digital solutions in the healthcare industry. APIs, or Application Programming Interfaces, play a crucial role in facilitating seamless communication and data exchange between different healthcare systems and applications. This enables healthcare providers, payers, and other stakeholders to integrate various software solutions, share patient data securely, and enhance overall operational efficiency.

The growing demand for interoperability among healthcare systems, electronic health records (EHRs), mobile health apps, and wearable devices is a key factor contributing to the expansion of the healthcare API market.

Moreover, the shift towards value-based care models and the need for real-time access to patient information are prompting healthcare organizations to invest in API technologies. As the industry continues to prioritize data-driven decision-making and patient-centric care, the healthcare API market is poised to play a pivotal role in shAPIng the future of healthcare delivery.

US HealthCare API Market is poised to grow at a sustainable CAGR for the next forecast year.

Market Snapshot - 2024-2031

Global Market Size

USD 218.41 million

Largest Segment

On premise

Fastest Growth

Cloud based

Growth Rate

3.56% CAGR

Global Health Care api Market ($ Bn)
Country Share for North America Region (%)

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HealthCare API Market Segmental Analysis

The global HealthCare API market is segmented into four major segments i.e. by Services, Deployment model, End user and region. Based on Services, it is divided into EHR Access, Appointments, Remote Patient Monitoring. Based on the Deployment model, it is bifurcated as Cloud Based, On Premise. Based on End user it is segregated into, Providers, Healthcare Payers, Vendors and Patients. Based on region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.

HealthCare API Market Analysis by Services

EHR Access currently dominates the services offered in the healthcare industry. Electronic Health Record (EHR) access has become a fundamental requirement for healthcare providers to efficiently manage patient data and deliver care. Its dominance is driven by regulatory mandates, the need for comprehensive patient records, and improved healthcare coordination. EHR access is foundational for interoperability and data exchange across the healthcare ecosystem.

However, Remote Patient Monitoring (RPM) is the fastest-growing service in healthcare. RPM's rAPId growth is due to its ability to support the evolving healthcare landscape. It offers continuous patient data collection, enabling proactive and personalized care, especially important in remote or home-based care models. The COVID-19 pandemic accelerated its adoption, and the ongoing focus on patient-centered, value-based care models is expected to sustain its growth, improving patient outcomes and reducing healthcare costs.

HealthCare API Market Analysis by Deployment model

Cloud-based deployment has been the dominating model due to its scalability, cost-efficiency, and flexibility. Organizations, including healthcare providers, have been increasingly adopting cloud solutions to streamline operations, access data from anywhere, and reduce infrastructure costs. Its dominance is driven by the rAPId pace of digital transformation, especially in healthcare, where the need for remote access to patient records and the adoption of telemedicine services surged.

However, the fastest-growing deployment model has typically been cloud-based. This growth is primarily due to its agility and ability to adapt to changing business needs rAPIdly. In the healthcare sector, the demand for cloud solutions is driven by the need for secure and scalable platforms to manage and share patient data efficiently. Additionally, cloud-based solutions are conducive to integration with emerging technologies like AI and IoT, which are becoming increasingly important in healthcare for diagnostics, predictive analytics, and patient engagement.

Global Health Care api Market by Deployment model, 2023 (%)

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HealthCare API Market Regional Insights

North America dominates the global healthcare API market due to its advanced healthcare infrastructure, extensive adoption of healthcare IT solutions, and a strong emphasis on data-driven healthcare delivery. The region has a well-established ecosystem of healthcare providers, tech companies, and regulatory frameworks that promote API integration. The presence of major players in the United States, coupled with the high demand for interoperability and patient engagement solutions, contributes to North America's leadership position.

However, Asia Pacific is the fastest-growing region in the healthcare API market. This growth is primarily driven by increasing investments in healthcare IT, rising healthcare expenditure, and the expanding adoption of digital health solutions across countries like India and China. The region's large population and the need for efficient healthcare data exchange systems are propelling the demand for healthcare APIs. Additionally, government initiatives aimed at improving healthcare accessibility and data sharing are fostering the rAPId growth of the healthcare API market in Asia Pacific.

Global Health Care api Market by Region, 2024-2031
  • Largest
  • Fastest

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HealthCare API Market Dynamics

HealthCare API Market Drivers

Interoperability Demands

  • One major key market driver for healthcare APIs is the increasing demand for interoperability within the healthcare ecosystem. Healthcare organizations and providers are actively seeking ways to seamlessly exchange data between different systems and applications to improve patient care coordination, streamline operations, and enhance the overall healthcare experience. Healthcare APIs serve as the bridge to enable this data interoperability, making them essential tools in the modern healthcare landscape.

HealthCare API Market Restraints

Data Privacy and Security Concerns

  • One major key market restraint in the healthcare API industry is the heightened concern surrounding data privacy and security. Given the sensitive nature of healthcare data, there is a growing apprehension about potential breaches, unauthorized access, and misuse of patient information. These concerns often lead to stringent regulatory requirements and complex compliance challenges, which can slow down the adoption of healthcare APIs and increase the cost of implementation for healthcare organizations.

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HealthCare API Market Competitive Landscape

The competitive landscape of the global healthcare API market is characterized by intense rivalry and a diverse range of players. Numerous companies, both established and emerging, are actively participating in this market, offering a variety of API solutions tailored to meet the evolving needs of the healthcare sector.

Innovation is a key driver, with companies striving to develop cutting-edge APIs that enhance interoperability, data exchange, and patient engagement. Partnerships and collaborations are common strategies among players, enabling them to expand their reach and provide comprehensive solutions.

Additionally, regulatory compliance and data security remain focal points for competition, as companies aim to differentiate themselves by offering robust and secure API offerings. The market's dynamism, coupled with the increasing demand for healthcare IT integration, makes it an arena where competition is set to intensify in the coming years.

HealthCare API Market Top Player’s Company Profiles

  • Salesforce.com, Inc. (MuleSoft, LLC) (US)
  • Microsoft Corporation (US)
  • Apple, Inc. (US)
  • General Electric (GE) Co. (GE Healthcare) (US)
  • Cerner Corporation (US)
  • Epic Systems Corporation (US)
  • eClinicalWorks LLC (US)
  • AllScripts Healthcare Solutions, Inc. (US)
  • Greenway Health LLC (US)
  • Practo Technologies Pvt. Ltd. (India)
  • IBM Corporation (US)
  • Google LLC (US)
  • Philips Healthcare (Netherlands)
  • Athenahealth, Inc. (US)
  • NextGen Healthcare, Inc. (US)
  • McKesson Corporation (US)
  • Siemens Healthineers AG (Germany)
  • Medidata Solutions, Inc. (US)
  • Change Healthcare (US)
  • Optum, Inc. (US)

HealthCare API Market Recent Developments

  • In March 2024, Voyageur Pharmaceuticals Ltd. is ready to upset the medical imaging market with its state-of-the-art barium, iodine, and carbon-active pharmaceutical ingredients and differentiation specialists. Because of a new partnership with Alberta non-profit Applied Pharmaceutical Innovation (API), these innovative items are on a most optimized plan of track toward commercialization.

     

  • In March 2024, at HIMSS24, InterSystems resolved critical issues in the U.S. connected with AI applications, payer API mandates, and industry collaborations. Aller featured the significance of these conversations, noticing that while APIs are significant, guaranteeing the accessibility of a total longitudinal record is vital. He emphasized the need to have this record set up to smoothly transition to the operational changes expected by 2026, followed by programming interface executions in 2027, and continuous advancement from there on.

     

  • In February 2024, Sigachi Industries, a pharmaceutical industry organization, reported a joint venture with iMass Investments to extend its worldwide presence. The JV, named Sigachi MENA FZCO and iConsult Trading Consultancy LLC, is a collaboration between Sigachi Industries Limited's subsidiary and iMass Investments' subsidiary. This partnership expects to work with Sigachi's entrance into the food and pharmaceutical markets of the UAE.

HealthCare API Key Market Trends

  • Telemedicine Expansion: A key market trend in the healthcare API industry is the significant expansion of telemedicine services. Telehealth solutions are increasingly gaining popularity as they provide convenient access to healthcare services, reduce geographical barriers, and improve patient engagement. Healthcare APIs are instrumental in facilitating the seamless integration of telemedicine platforms with electronic health records (EHRs), wearable devices, and other healthcare systems. This trend is driven by the growing demand for virtual consultations, remote patient monitoring, and the desire to enhance overall healthcare accessibility.

HealthCare API Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.

According to global HealthCare API market analysis, the market is experiencing robust growth, driven by several factors. One of the primary drivers is the increasing demand for interoperability and data exchange within the healthcare sector. Healthcare providers, payers, and other stakeholders are recognizing the need for seamless communication between different systems and applications to improve patient care, streamline operations, and enhance decision-making. As a result, healthcare APIs have become essential tools in achieving these goals.

Furthermore, the push towards value-based care models and patient-centric healthcare is fueling the adoption of APIs. These technologies enable healthcare organizations to aggregate and share patient data, ultimately improving the quality of care and patient outcomes. However, data security and privacy concerns remain significant challenges, necessitating robust solutions and compliance with stringent regulations.

In addition to interoperability, the expansion of telemedicine services is a notable trend shAPIng the healthcare API market. Telemedicine's rAPId growth has been accelerated by the need for remote healthcare delivery and the convenience it offers to both patients and providers.

Healthcare APIs play a pivotal role in integrating telemedicine platforms with electronic health records (EHRs), allowing for seamless data exchange during virtual consultations. This trend is expected to persist beyond the pandemic, as telemedicine becomes an integral part of the healthcare landscape. Nevertheless, ensuring the security of telemedicine data and complying with privacy regulations remains a paramount concern for the industry.

Report Metric Details
Market size value in 2023 USD 218.41 million
Market size value in 2031 USD 299.23 million
Growth Rate 3.56%
Forecast period 2024-2031
Forecast Unit (Value) USD Million
Segments covered
  • Services
    • EHR Access, Appointments, Remote Patient Monitoring
  • Deployment Model
    • Cloud Based, On-Premise
  • End-user
    • Providers, Healthcare Payers, Vendors and Patients
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • Salesforce.com, Inc. (MuleSoft, LLC) (US)
  • Microsoft Corporation (US)
  • Apple, Inc. (US)
  • General Electric (GE) Co. (GE Healthcare) (US)
  • Cerner Corporation (US)
  • Epic Systems Corporation (US)
  • eClinicalWorks LLC (US)
  • AllScripts Healthcare Solutions, Inc. (US)
  • Greenway Health LLC (US)
  • Practo Technologies Pvt. Ltd. (India)
  • IBM Corporation (US)
  • Google LLC (US)
  • Philips Healthcare (Netherlands)
  • Athenahealth, Inc. (US)
  • NextGen Healthcare, Inc. (US)
  • McKesson Corporation (US)
  • Siemens Healthineers AG (Germany)
  • Medidata Solutions, Inc. (US)
  • Change Healthcare (US)
  • Optum, Inc. (US)
Customization scope

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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on HealthCare API Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on HealthCare API Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the HealthCare API Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the HealthCare API Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the HealthCare API Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the HealthCare API Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

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FAQs

HealthCare API Market size was valued at USD 218.41 million in 2022 and is poised to grow from USD 226.19 million in 2023 to USD 299.23 million by 2031, growing at a CAGR of 3.56% in the forecast period (2024-2031).

The competitive landscape of the healthcare API market is characterized by intense rivalry and a diverse range of players. Numerous companies, both established and emerging, are actively participating in this market, offering a variety of API solutions tailored to meet the evolving needs of the healthcare sector. 'Salesforce.com, Inc. (MuleSoft, LLC) (US)', 'Microsoft Corporation (US)', 'Apple, Inc. (US)', 'General Electric (GE) Co. (GE Healthcare) (US)', 'Cerner Corporation (US)', 'Epic Systems Corporation (US)', 'eClinicalWorks LLC (US)', 'AllScripts Healthcare Solutions, Inc. (US)', 'Greenway Health LLC (US)', 'Practo Technologies Pvt. Ltd. (India)', 'IBM Corporation (US)', 'Google LLC (US)', 'Philips Healthcare (Netherlands)', 'Athenahealth, Inc. (US)', 'NextGen Healthcare, Inc. (US)', 'McKesson Corporation (US)', 'Siemens Healthineers AG (Germany)', 'Medidata Solutions, Inc. (US)', 'Change Healthcare (US)', 'Optum, Inc. (US)'

One major key market driver for healthcare APIs is the increasing demand for interoperability within the healthcare ecosystem. Healthcare organizations and providers are actively seeking ways to seamlessly exchange data between different systems and applications to improve patient care coordination, streamline operations, and enhance the overall healthcare experience. Healthcare APIs serve as the bridge to enable this data interoperability, making them essential tools in the modern healthcare landscape.

Telemedicine Expansion: A key market trend in the healthcare API industry is the significant expansion of telemedicine services. Telehealth solutions are increasingly gaining popularity as they provide convenient access to healthcare services, reduce geographical barriers, and improve patient engagement. Healthcare APIs are instrumental in facilitating the seamless integration of telemedicine platforms with electronic health records (EHRs), wearable devices, and other healthcare systems. This trend is driven by the growing demand for virtual consultations, remote patient monitoring, and the desire to enhance overall healthcare accessibility.

North America dominates the healthcare API market due to its advanced healthcare infrastructure, extensive adoption of healthcare IT solutions, and a strong emphasis on data-driven healthcare delivery. The region has a well-established ecosystem of healthcare providers, tech companies, and regulatory frameworks that promote API integration. The presence of major players in the United States, coupled with the high demand for interoperability and patient engagement solutions, contributes to North America's leadership position.

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