Healthcare digitization has over the years has modified the way healthcare providers, payers and patients interact among each other. The adoption of healthcare technology solutions has helped physicians to efficiently organize and manage the huge amounts of patient and other hospital data through electronic health records, thereby enabling them to focus solely on offering better treatment to patients. These records help doctors to understand patient history more accurately and aid in providing a personalized treatment plan. The digitization in healthcare has also advanced the access of healthcare services to millions of people residing in the remote areas. For instance, the tele health solution offered by eClinicalWorks, operates in integration with electronic health records of the patients, which helps healthcare institutions in offering remote monitoring services to patients across the region. This is thus influencing the adoption of both tele health solutions and electronic health record systems across hospitals, clinics and ambulatory care centers.
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The outbreak of the covid-19 pandemic is expected to influence the growth of the solutions over the forecast period. The social distancing norms laid down by the government bodies to restrict the spread of the virus coupled with the need for regular health check up among individuals to assess their health conditions is thereby, influencing the adoption of respective solutions among both healthcare providers and patients. The outbreak of the pandemic has also attracted investments into the healthcare API market to support the sector in the ongoing health crisis across the region. For instance, Google LLC, launched a healthcare API streamline data sharing enabling easier access of medical data to patients through any computer system. In a similar instance, MuleSoft, in June 2020, announced the launch of accelerators for healthcare with pre build APIs for enhancing integration and building connected patient experiences. These investments in the healthcare API market amidst the pandemic to offer connected systems to both healthcare providers and patients is expected to showcase sustained the growth of the market across the region over the forecast period.
In terms of revenue, North America healthcare API market was valued at US$ 130.82 Mn in 2019 and is anticipated to reach US$ 271.38 Mn by 2028, growing at a CAGR of 8.4% over the forecast period (2020 – 2028). The study analyses the market in terms of revenue across all the major countries in North America.
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The detailed research study provides qualitative and quantitative analysis of healthcare API market. The market has been analyzed from demand as well as supply side. The demand side analysis covers market revenue across all the major countries. The supply side analysis covers the major market players and their regional presence and strategies. The geographical analysis done emphasizes on each of the major countries across North America.
Key Findings of the Report:
- Cloud based healthcare API solutions accounted for the highest share in 2019 and the same is also expected to grow with the highest CAGR over the forecast period. This growth is attributed to the rising adoption of cloud-based application across the healthcare industry in the region.
- United States accounted for the highest revenue share in 2019. The established infrastructure in the country along with the presence of major market players across the region is contributing towards the market growth. The growing investment by the companies across various application areas in the healthcare API market is anticipated to boost the market growth over the forecast period.
- Some of the players operating in the North America healthcare API market are 1upHealth, Allscripts Healthcare, LLC, Apple Inc., athenahealth, Inc., Cerner Corporation, eClinicalWorks, Epic Systems Corporation, General Electric, Greenway Health, LLC, Medfusion Inc., Microsoft, MuleSoft LLC, NEXHEALTH, INC., Practice Fusion, Inc., Practo Technologies Private Limited, Redox, Inc and TrueVault Safe amongst others.
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North America Healthcare API Market:
- By Application
- Electronic Health Records (EHR) Access
- Financial Integration
- Claims Financial Transactions
- Payment Processing
- Collections
- Others
- Telehealth & Remote Patient Monitoring
- Appointment Scheduling
- Patient Engagement
- Health and Fitness Tracking
- Patient Education
- Others
- Care Coordination & Management
- Clinical Integration
- Laboratory Documentation
- Diagnostic Imaging/PACS
- Departmental Reports
- E-Prescription
- Others
- Device Integration
- Medical & Ambulatory Surgical Center (ASC) Devices
- Non-Medical Devices
- Workforce Management
- Staffing and Scheduling
- Talent Management
- Payroll
- Time and Attendance
- Others
- Others
- By Deployment
- Cloud-Based
- On-Premise
- By End Users
- Healthcare Integrators & App Developers
- Healthcare Providers
- Patients
- Healthcare Payers
- Others
- By Country
- U.S
- Canada
- Mexico
- Rest of North America
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