Healthcare API Market

The global Healthcare API market size is projected to reach USD 310.0 million by 2030 from USD 215.5 million in 2022, at a CAGR of 3.5% during the forecast period. The Healthcare API market is mainly driven by factors such as adoption of Application Programming Interfaces (API) integrated Electronic Health Records (EHRs) that provide simplicity and ease of healthcare data accessibility, improved patient outcomes increased patient satisfaction, and development in the care quality are propelling the market expansion.

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As of 2021, major players operating in the Healthcare API market are Microsoft Corporation (US), Apple Inc. (US) , Greenway Health, LLC (US), MuleSoft, Inc. (US), General Electric Company (US), Practice Fusion, Inc. (US) , Epic Systems Corporation (US) , Allscripts Healthcare Solutions Inc. (US), eClinicalWorks LLC. (US), Cerner Corporation (US), Corepoint Health (US), Redox (US), Xealth (US), Sansoro health (US), Google LLC (US), eClinical Works LLC (US), Change Healthcare (US), Apigee (US), TrueVault (US), Meditech (US), Particle Health (US), IBM (US), Infermedica (Europe) among others.

Research Methodology

The study involved four major activities in estimating the current size of the Healthcare API market. Exhaustive secondary research was conducted to collect information on the market and its different subsegments. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Top-down and bottom-up approaches were employed to estimate the total market size. After that, market breakdown and data triangulation procedures were used to estimate the size of segments and subsegments.

Secondary Research

The secondary sources referred to in this research study include corporate filings (such as annual reports, SEC filings, investor presentations, and financial statements); research journals; and press releases; trade, business, and professional associations. Secondary sources were used to identify and collect helpful information for this extensive and commercial study of the Healthcare API market. Secondary research was mainly used to obtain critical information about the industry’s total pool of key players, market classification and segmentation according to industry trends to the bottom-most level, market trends, and necessary developments by both the public and private organizations in the d Healthcare API market.

The secondary sources referred to for this research study include government, independent or public, paid/private, and research databases, among others. Secondary data was collected and analyzed to arrive at the overall market size of the Healthcare API market, which was further validated by primary research. Some of the critical secondary sources referred to during the preparation of this report are listed below-

• Governmental and inter-governmental sources & databases such as World Health Organization (WHO), World Bank, Organization for Economic Co-operation and Development (OECD), and Centers for Disease Control and Prevention (CDC), among others.
• Business and research articles such as Springer Nature, The Lancet, PubMed, and the US National Library of Medicine, among others.
• Company sources include annual reports, SEC filings, regulatory filings, investor presentations, press releases, and financial statements.

Primary Research

Extensive primary research was conducted after acquiring knowledge about the Healthcare API market scenario through secondary research. A significant number of primary interviews were conducted from both the demand (Payers, Providers, Patients) and supply sides (manufacturers and distributors of Healthcare API products). The primaries interviewed for this study include experts from the oncology industry (such as CEOs, VPs, directors, sales heads, and marketing managers of tier 1, 2, and 3 companies engaged in offering healthcare API solutions) and administrators & purchase managers of hospitals and diagnostic centers.

Around 65% and 35% of primary interviews were conducted from the supply and demand sides. A robust primary research methodology has been adopted to validate the report's contents and fill gaps. Telephonic and e-mail communications were adopted to conduct interviews (questionnaires were designed and sent to primary participants at their convenience).

Market Size Estimation

Both top-down and bottom-up approaches were used to estimate and validate the total size of the Healthcare API market. These methods were also used extensively to estimate the size of various subsegments in the market. The research methodology used to estimate the market size includes the following:

• The key players in the industry and markets have been identified through extensive secondary research
• The industry’s supply chain and market size, in terms of value, have been determined through primary and secondary research
• All percentage shares split, and breakdowns have been determined using secondary sources and verified through primary sources

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Data Triangulation

After arriving at the overall market size—using the market size estimation processes as explained above—the Healthcare API market was split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, data triangulation, and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides in the Healthcare API market industry.

Report Objectives

• To define, describe, and forecast the Healthcare API market by service, deployment model, end user, and region
• To provide detailed information about significant factors influencing the market growth (key drivers, restraints, opportunities, and industry-specific challenges)
• To strategically analyze micromarkets1 concerning individual growth trends, prospects, and their contributions to the overall Healthcare API market
• To analyze market opportunities for stakeholders and provide details of the competitive landscape for key players
• To forecast the market value of various segments and sub-segments concerning four main regions, namely, North America, Europe, Asia Pacific, ROW
• To profile the key players active in the Healthcare API market and comprehensively analyze their global revenue shares and core competencies2
• To track and analyze competitive market-specific developments such as product approvals & commercialization, agreements, partnerships, collaborations, acquisitions, and expansions in the Healthcare API market.

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Scope of the Report

This research report categorizes the Healthcare API market based on Component, Application, End User, And Region

By Services

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

By Deployment Model

• On - Premise
• Cloud Based

By End User

• Payers
• Providers
• Patients
• Vendors

By Region

• North America
  • US
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Rest of Europe (RoE)
• Asia Pacific
  • Japan
  • China
  • India
  • Rest of APAC (RoAPAC)
• RoW

Available Customizations

With the given market data, MarketsandMarkets offers customizations per the company’s specific needs. The following customization options are available for the Healthcare API market:

PRODUCT ANALYSIS

• Product Matrix, which gives a detailed comparison of the product portfolios of the top five global players

COMPANY INFORMATION

• Detailed analysis and profiling of additional market players (up to 5 OEMs)

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