The global healthcare API market size is estimated to be USD 305.1million in 2021 and is expected to witness a CAGR of 7.85% during the forecast period. Increasing awareness and adoption of electronic health records with API integration owing to simplicity and easy accessibility are the major factors that propel the global market growth. Factors such as demand for high-quality services, rising adoption of ITsolutions, successful patient outcomes & satisfaction, and technological advancements are other driverspropelling the growth. However, inadequate IT infrastructure, poor network connectivity, and data privacy concerns are expected to hinder the market growth.

By Services

Based on services, the market is categorized into remote patient monitoring, appointments, electronic health record access, wearable medical devices, and payments. In 2021, the electronic health record access segmented accounted for the highest revenue share due to its easy integration with electronic health records, thereby providing continuous data to professionals and researchers. The remote patient monitoring segment is estimated to grow at the fastest CAGR during the forecast period owing to increasing adoption of remote consultation and patient monitoring during COVID 19 outbreak, thereby avoiding the risk of COVID 19 contamination.

By Deployment

Based on technology, the market is segmented into on-premises and cloud-based integration. In 2021, the cloud-based integrationsegment accounted for the largest revenue share as cloud-based services enable remote access of patient information and broader storage space & minimization of infrastructure cost. Data privacy and data safety concerns are expected to propelthe adoption of on-premises integration segmentduring the forecast period.

By EndUse

On the basis of application, the market is categorized into healthcare providers, payers, vendors, and patients. In the global market, the providers segment accounted for the largest revenue share in 2021 owing to the presence of a large number of hospitals, clinics, and medical centers coupled with the development of advanced technologies. The payers segment is expected to growat a significant CAGR during the forecast period.

Regional Insights

North America was the highest revenue-grossing segment of the global market in 2021 and is projected to maintain its dominance during the forecast period. This is due to thepresence of a large number of software development firms, advancements in technology, high adoption of IT solutions and favorable government policies in this region. Europe is estimated to grow at the fastest growth rate during the forecast period owing to the presence of a supportive infrastructure andincrease indigital penetration in the region.

CompetitorInsights

Some of the majorcompanies in the healthcare API market are Apple Inc. (U.S.), Greenway Medical Technologies, Inc. (U.S.), eClinicalWorks (U.S.), Athenahealth, Inc. (U.S.), Microsoft Corporation (U.S.),Salesforce.com, Inc. (U.S.),General Electric Company (U.S.), Epic Systems Corporation (U.S.), Practo Technologies Private Limited (India), and Allscripts Healthcare Solutions, Inc. (U.S.).Investment in R&D, novel product launches, and strategic collaborations & acquisitions are some of the major strategies adopted by the leading players operating in the industry.

This exhaustive research report focuses on market size and forecast at global, segmental, regional and country level along with key market trends and dynamics from 2021 to 2029. The healthcare API market report is categorized into the following segments and subsegments:

Healthcare API Market, By Services (Revenue, 2021-2029, USD Million)

Healthcare API Market, By Deployment(Revenue, 2021-2029, USD Million)

Healthcare API Market, By End-Use (Revenue, 2021-2029, USD Million)

Healthcare API Market, By Region (Revenue, 2021-2029, USD Million)

Scope of Healthcare API Market Report:

Key Parameters	Details
Base Year	2021
Forecast Period	2022-2029
Study Coverage	Global and regional market size and revenue forecast Segment market size and revenue forecast at global, regional, and country level Competitive landscape (company share analysis, company profiles, recent development, competitive map analysis) Conclusion and recommendations
Qualitative Analysis	Market drivers Market restraints Market opportunities Recent market trends Market challenges Porter’s Five Forces analysis PEST analysis Value-chain analysis COVID-19 impact analysis
Regional Market Scope	North America (U.S. and Canada) Europe (Germany, France, UK, Spain, Italy, Russia, Rest of Europe) Asia Pacific (China, Japan, India, Australia, South Korea, Rest of APAC) Latin America (Brazil, Mexico, Argentina, Rest of LATAM) MEA (South Africa, GCC, Rest of MEA)
Company Profiles	Exhaustive profiles of top 10 players 50+ other major players listing
15% Free Customization Available	You can customize the study scope to meet your exact requirement. Click here for more details