Application Programming Interfaces, or APIs, supports health information exchange and interoperability. Healthcare API provides a managed solution for storing and accessing healthcare data in cloud providing a critical bridge between existing care systems and applications hosted on cloud. Healthcare API plays important role in healthcare data exchange, whether for data analytics, medical research, or creating innovate ways to access the EHR. APIs allow healthcare systems to link data points from multiple systems to create more complete data sets. This healthcare API securely shares real-time data with patients and healthcare providers.
Healthcare API Market: Key Players
The research study includes profiles of leading companies operating in the global Healthcare API market. Key players profiled in the report include: Practo Technologies Pvt. Ltd., MuleSoft, Inc., Microsoft Corporation, Epic Systems Corporation, General Electric Company, Allscripts Healthcare Solutions Inc., eClinical Works LLC, Greenway Health, LLC, Apple, Inc., Practice Fusion, Inc., and Others.
Drivers for the Global Healthcare API Market:
Increase in adoption of API-integrated electronic health records (EHRs), which provide ease of data accessibility, growing healthcare IT startups, rise in initiatives by EHRs vendors, also higher patient satisfaction, improved outcomes, and development in care quality all these factors fuel the healthcare API market growth.
Opportunities for the Global Healthcare API Market:
Similarly, growing demand for telemedicine and digital health solutions post COVID-19 is further increasing the need for integrated healthcare API, in addition, continuous rise in government initiatives to migrate from traditional methods to technologically advanced healthcare systems and IT-enabled solutions and services these factors creates the huge market opportunity for the global healthcare API market in forecast period.
Restrains for the Global Healthcare API Market:
But, on another side, loss and manipulation of significant patient information/data and issues associated with confidentiality, and also high cost of the maintenance restrain the healthcare API market development.
Region Wise, Global Healthcare API Market Analysis:
Report covers the region wise analysis, global healthcare API can be segmented into North America, Europe, Asia Pacific, Latin America, Middle East and Africa. Among all, North America leads the global healthcare API share because this region supports favorable policies for deployment of healthcare application programming interface and high digital literacy rates. In addition, established advanced healthcare infrastructure with integrated EHR of patients. North America region is followed by Asia Pacific and Europe.
Covid-19: Impact and Recovery Analysis for Global Healthcare API Market:
The world is greatly affected by the uncertain raise of the covid-19 Pandemic among the population. The Corona virus outbreak has disrupted & disturbed every sector of business as well as human activity. In most parts of the world there has been a complete restriction set by governments regarding various activities and in turn this is greatly affecting the financial stability of industries like: Healthcare API market globally due to Covid-19 pandemic the whole world following the rules of social distancing and lockdowns. This has led to a shortage of manpower, which leads to the healthcare application programming interface to ease the healthcare operations in the hospitals and other organizations. Many hospitals demanding the heathcare API for the COVID-19 research purposes. So, the demand for the heathcare API increases and many company developing a cloud-based API. In addition, government also providing the funding and taking initiatives towards industry players to develop a completely standardized API which is is expected to boost the market in the forthcoming years.
Global Healthcare API Market: Product analysis
- Medical Device
- Electronic Health Record Access
- Remote Patient Monitoring
Global Healthcare API Market: Application analysis
- Healthcare Providers
- Healthcare Payers
Global Healthcare API Market: Region analysis
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of L.A.
- Middle East and Africa
- South Africa
- Rest of Middle East