Global Healthcare API Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Healthcare API Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Patient-centered healthcare is an emerging trend in healthcare delivery that has led to higher patient satisfaction and improved quality of care. The emergence of a number of services, such as remote patient monitoring and wearable medical devices, has increased the demand for healthcare API solution.

Market Overview:

The latest research study on the global Healthcare API market finds that the global Healthcare API market reached a value of USD 271.96 million in 2022. It’s expected that the market will achieve USD 419.6 million by 2028, exhibiting a CAGR of 7.5% during the forecast period.

Patient-centric healthcare

Patient-centric healthcare is an emerging trend in healthcare delivery, which has resulted into better outcomes, higher patient satisfaction, and improvement in care quality. Emergence of a host of services, such as remote patient monitoring and wearable medical devices, has increased the demand for healthcare API solutions, which assist patients to know details about experience, specialty, and timing of a doctor before consulting them.

Fierce competition

There are fierce competitors among the leading players in the global healthcare API market. Increases in buyers within the industry will pose a threat to existing market share.

Price Rises of Labor Cost

In a whole, the price of labor cost will be in arises state, is affected by trade policies, and prices have change increase greatly, which is about the cost of the industry.
Advances in IT infrastructure and the emergence of the Internet of things
The global healthcare API market is driven by the increasing popularity of api-driven electronic health records (EHR) that allow easy assimilation of patient information. Today, patient-centered health care is the focus of health care providers, improving health care quality, outcomes, and patient satisfaction.

Region Overview:

Geographically, United States held the largest market share – 93.1% in 2022.

Company Overview:

Google Cloud is one of the major players operating in the Healthcare API market, holding a share of 17.82% in 2023.

Google Cloud

Google LLC is a global technology company specializes in internet-related services and products. The Company is primarily focused on web-based search and display advertising tools, search engine, cloud computing, software, and hardware. Google serves customers worldwide.

MuleSoft, Inc.

MuleSoft, Inc. develops enterprise software. The Company designs and markets an integration platform for connecting applications, data sources, and devices both on-premises and in the cloud. MuleSoft operates worldwide.

Segmentation Overview:

By type, Appointments segment accounted for the largest share of market in 2022.

Application Overview:

In the Healthcare API market, 29.56% of the total value was generated through the Healthcare payers segment by application in 2022.

Key Companies in the global Healthcare API market covered in Chapter 3:

Epic Systems Corporation
Google Cloud
Apple, Inc.
TrueVault
Practo Technologies Pvt. Ltd.
MuleSoft, Inc
General Electric Company
Greenway Health, LLC
Allscripts Healthcare Solutions Inc.
eClinical Works LLC

In Chapter 4 and Chapter 14.2, on the basis of types, the Healthcare API market from 2018 to 2029 is primarily split into:

Appointments
Payment
Medical Device (Wearable)
Electronic Health Record Access
Remote Patient Monitoring

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Healthcare API market from 2018 to 2029 covers:

Healthcare Providers
Healthcare Payers
Vendors
Patients

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)