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Global Healthcare API Market is expected to grow at CAGR 9.1% by 2029 owing to acceleration of AI and machine learning solutions to benefit modern medicine, says Absolute Markets Insights

Published On 15 Jun 2021 02:46 PM


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Cloud Healthcare API is a packaged solution to accelerate ingestion, storage, and analysis of healthcare data by cloud-based services. In the recent past, HL7v2, DICOM, and FHIR were supported, all of which are/were widely-used formats for healthcare records and data.

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Acting as the conduit between the on-premises source systems and Google Cloud Platform, Healthcare API allows us to leverage GCP to its fullest. With fully managed services and tools such as Dataflow, BigQuery, and AutoML it is significantly faster (and easier) to utilize machine learning on healthcare data application. A fully managed service, Healthcare API is scalable, secure, and compliant with stringent regulations in this industry. The API is fully backed by Google’s security and privacy practices, compliant with HIPAA, PIPEDA, and other global privacy standards.  Google’s AutoML (zero-code machine learning) is particularly useful here; a typical bottleneck in healthcare is the size and quality of data available for training. Since AutoML uses a transfer learning technique, quality models can be achieved even with small data sets. Healthcare API has another great feature for solving this issue — the ability to easily de-identify data. This is desirable for creating larger data sets for use in ML. Simply using the Deidentify method in an API call, and the redacted data is created. Alternatively, this can also be done through the UI under the Actions dropdown.

Healthcare data is organized in datasets and stores, where each store is bound to a healthcare data type (i.e DICOM, HL7v2, FHIR). Healthcare data can then be streamed into the stores using simple API calls.

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Every type of store (e.g. DICOM) in healthcare API can be associated with a pub/sub topic. By doing this every time new data enters a store, it can trigger a message to a given topic. Typically, the message will contain the path of the resource which changed, and from this, we can perform some action. This depends on the use case but may include running the data against an ML model or updating analytics.

Using the API we can export data from a store in its native type (e.g. DICOM) and project it directly to BigQuery — extremely useful for SQL-based analysis (especially BigQuery ML). Equivalently with the API, it is easy to export the data directly to cloud storage.

Google’s Healthcare API is a highly effective service for ingesting and storing medical data, enabling further analysis in Google Cloud. Such a factor is expected to assist the global healthcare API market over the forecast period. Google has made the API really simple to use and has successfully managed to abstract away the majority of the complexities that a user would typically encounter when working with healthcare data.

The detailed research study provides qualitative and quantitative analysis of the global healthcare API market. The healthcare API market has been analyzed from demand as well as supply side. The demand side analysis covers market revenue across regions and further across all the major countries. The supply side analysis covers the major market players and their regional and global presence and strategies. The geographical analysis done emphasizes on each of the major countries across North America, Europe, Asia Pacific, Middle East & Africa and Latin America

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Global Healthcare API Market

  • By Application
    • 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 and Management
    • Clinical Integration
      • Laboratory Documentation
      • Diagnostic Imaging/PACS
      • Departmental Reports
      • E-Prescription
      • Others
    • Device Integration
    • Non-Medical devices
      • Medical & Ambulatory Surgical Center Devices
      • Workforce Management
    • Staffing & Scheduling
      • Talent Management
      • Payroll
      • Time and Attendance
      • Others
    • Others
  • By End User
    • Healthcare Providers
    • Healthcare Payers
    • Patients
    • Patients
    • Others
  • By Deployment
    • Cloud-based
    • On-premise
  • By Region:
  • North America
      • U.S.
      • Canada
      • Mexico
      • Rest of North America
  • Europe
      • France
      • The UK
      • Spain
      • Germany
      • Italy
      • Nordic Countries
        • Denmark
        • Finland
        • Iceland
        • Sweden
        • Norway
      • Benelux Union
        • Belgium
        • The Netherlands
        • Luxembourg
      • Rest of Europe
  • Asia Pacific
      • China
      • Japan
      • India
      • New Zealand
      • Australia
      • South Korea
      • Southeast Asia
        • Indonesia
        • Thailand
        • Malaysia
        • Singapore
        • Rest of Southeast Asia
      • Rest of Asia Pacific
  • Middle East & Africa
      • Saudi Arabia
      • UAE
      • Egypt
      • Kuwait
      • South Africa
      • Rest of Middle East & Africa
  • Latin America
      • Brazil
      • Argentina
      • Rest of Latin America

 

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Absolute Markets Insights strives to be your main man in your business resolve by giving you insight into your products, market, marketing, competitors, and customers. Visit …

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Contact Name: Shreyas Tanna

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Press Release Provided By: Absolute Markets Insights