Healthcare API Market Value to Reach US$234.2 mn by 2024

Characterized by a largely consolidated vendor landscape, their exists intense competitive rivalry between leading players in the global healthcare API market, says Transparency Market Research (TMR) in a new report. Savvy players are focused on acquisitions of less-influential players to bolster their technological and service expertise. These players have also been focused on fortifying their offerings in the social insurance API market, and in the meantime they are also looking up to provide failsafe answers to serve the requirement of their clients.

Some of the leading players in the global healthcare API market are Practice Fusion, Epic Systems Corporation, Practo Technologies Pvt Ltd., Apple Inc., and Allscripts Healthcare Solutions Inc. Some other companies in this market are MuleSoft Inc., Microsoft Corporation, General Electric Company, eClinicalWorks LLC, and Greenway Health LLC.

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Healthcare Providers End-use Segment to Remain at Fore

As per the TMR report, the demand in the global healthcare API market translated into to a revenue of US$162.4 mn in 2015. Expanding at a CAGR of 4.2% between 2016 and 2024, the demand in the market in likely to be worth US$234.2 mn vis-à-vis revenue by 2024. By end use, the healthcare suppliers section is dominant and is anticipated to rise at a significant CAGR over the forecast period. The growth of this segment is mainly because of emergence of modern healthcare centers and research facilities that look up to robotic solutions for a number of administrative tasks. By geography, North America is the leading regional market for healthcare API thanks to the presence of several leading players in the region. On the other hand, in emerging economies, due to limited public IT infrastructure the large-scale adoption of healthcare IT solutions is in the long term vision.

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