Healthcare API Market Size, Growth, Trends | Forecast Report 2022-2030

According to Research Study, the global healthcare API market was surpassed at USD 103.86 million in 2021 and is expected to hit around USD 337.01 million by 2030, growing at a CAGR of 13.97% from 2022 to 2030.

Report Highlights

• EHR access dominated the market with a revenue share of over 30.4% in 2021. 
• The cloud-based API held the largest market share of around 80.5% in 2021. 
• The on-premise healthcare application programming interface also held a considerable revenue share in 2021.
• Providers segment held the largest revenue with a revenue share of over 47.07% in 2021. 
• The healthcare payers segment is expected to showcase lucrative growth over the forecast period. 
• North America dominated the market with a revenue share of around 35.09% in 2021. 
• Europe is expected to exhibit the fastest CAGR over the forecast period.

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Increasing demand for healthcare integration and adoption of Application Programming Interfaces (APIs) by the HCOs are the major factors driving the growth of the market.

Factors such as technological advancements in health care solutions and the co-existence of healthcare and IT services are expected to continue driving the adoption of healthcare API. It allows patients to get well acquainted with the doctors or specialist’s details and appointment suggestions. Increasing focus towards the adoption of the Internet of Things (IoT) and Remote Patient Monitoring (RPM) is expected to drive the market growth in the forthcoming years.

Industry players are trying to develop a fully integrated API solution to gain market penetration. Moreover, the COVID-19 pandemic has increased the need for remote access to patients’ data which is expected to boost the growth of the market. For instance, in May 2020, Change Healthcare launched a suite of solutions such as industry-standard APIs, hardware bundle, and software solutions in order to help telemedicine providers to deploy virtual care services.

Scope of The Report

Services Insights

On the basis of services, the healthcare API market is segmented into EHR access, appointments, remote patient monitoring, payment, and wearable medical devices. EHR access dominated the market with a revenue share of over 30.4% in 2021. API can easily integrate the EHR with other platforms which will help seamless data integration with the third parties. Moreover, the EHR vendors are actively building APIs in their platform to provide value-based patient care which is further increasing the adoption. For instance, in February 2021 Microsoft Azure launched cloud-based API for FHIR standard for better interoperability and data sharing.

The remote patient monitoring segment is expected to exhibit the fastest growth over the forecast period. Connected health and remote patient monitoring gain much attention during the COVID-19 pandemic as doctors and caregivers need to treat patients remotely in order to reduce the risk of contamination. The providers are offering various patient engagement platforms with integrated API for better treatment options and guidance based on their past medical records.

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Deployment Model Insights

On the basis of mode of deployment, the healthcare application programming interface market can be segmented into cloud-based API and on premise-based API. The cloud-based API held the largest market share of around 80.5% in 2021. The growth can be attributed to the availability of free storage space to store and organize healthcare data of patients and hospitals that is easily accessible during emergencies by healthcare professionals and caregivers.

The on-premise healthcare application programming interface also held a considerable revenue share in 2021 owing to its associated advantages such as data privacy and security. This restricts data breaching as they have entire control over the healthcare software. Furthermore, the installation of the software is convenient and the stored data can be utilized for future re-processing.

End-use Insights

On the basis of end-use, the market can be segmented into healthcare providers, patients, healthcare payers, and vendors. Providers segment held the largest revenue with a revenue share of over 47.07% in 2021. The healthcare providers segment comprises hospitals, clinics, and other organizations. The incorporation of healthcare API in hospitals has propelled the segment growth. API stores medical records, patient information, healthcare data, and patient history which can be easily accessible during an emergency.

The healthcare payers segment is expected to showcase lucrative growth over the forecast period. A customized workflow created by the integrated API ensures easy approval and review of the desired data by healthcare payers and caregivers. API also allows easy patient billing and management of patient appointments. The payers can securely get access to patients’ health records and bills without unwanted phone calls and going through receptionists.

Region Insights

North America dominated the market with a revenue share of around 35.09% in 2021. This growth can be attributed to various factors such as favorable policies for deployment of healthcare application programming interface and high digital literacy rates. Moreover, the presence of established healthcare infrastructure with integrated EHR of patients is another major growth propelling factor for the market. Increase number of adopters such as big HCOs in the U.S. is expected to further drive the regional demand.

Europe is expected to exhibit the fastest CAGR over the forecast period owing to the established healthcare infrastructure in this region and the advent of the Internet of Things (IoT) and related technologies. The General Data Protection Regulation (GDPR) was implemented on May 25th, 2020 in the European Union, which is a law on data privacy and protection. The law is more stringent than that of the U.S., HIPAA, and addresses the personal export of data outside the European countries, which is expected to increase the adoption of healthcare API.

Key Players

• 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.

Market Segmentation

• By Services Outlook
  • EHR Access
  • Appointments
  • Remote Patient Monitoring
  • Payment
  • Wearable Medical Device
• By Deployment Model Outlook
  • Cloud-based
  • On-Premise
• By End-use Outlook
  • Healthcare Payers
  • Providers
  • Patients
  • Vendors
• By Regional Outlook
  • North America

• • Europe
  • Asia Pacific
  • Latin America
  • The Middle East & Africa

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