According to research report titled ‘Global Healthcare Application Programming Interfaces (API) Market Size study, by Services (EHR access, Appointments, Remote Patient Monitoring, Payment, Wearable Medical Device), by Deployment Model (Cloud-Based, On-Premises), by End-User (Healthcare payers, Providers, Patients, Vendors) and Regional Forecasts 2020-2027’, available with Market Study Report, global healthcare application programming interfaces (API) market was valued at USD 211 million in 2019, and it anticipated to exhibit 6.3% CAGR over 2020-2027, subsequently amassing USD 344 million by the end of the forecast timeframe.
 

As per the report findings, thriving application of API in healthcare sector owing to the demand for effective standardized solutions for resolving interoperability complications is promoting global healthcare application programming interfaces (API) market growth.
 

Moreover, escalating demand for healthcare integration, growing standardization requirements, rising adoption of API-based electronic health record (EHR), and product launches for easy access of patient data are adding substantial traction to market expansion.
 

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Citing an instance, Google launched a new cloud healthcare API in April 2020 that allows exchange of data on healthcare applications and solutions developed on google cloud. Such advancements are enhancing business development and significantly adding to the overall healthcare application programming interfaces (API) industry remuneration.
 

For those unversed, application programming interface (API) acts as an intermediary that allows interaction between multiple software applications. APIs have emerged as the most practical solution for managing the volume and flow of healthcare data in healthcare companies’ internal applications.
 

Speaking of the negatives, concerns regarding data security & privacy will likely hamper market growth during the forecast period.
 

Based on services, global healthcare application programming interfaces (API) market is arrayed into appointments, payments, EHR access, wearable medical device, remote patient marketing. Moving on, the deployment model segmentation comprises on-premise and cloud-based models.
 

Elaborating on end-user scope, the industry is classified into healthcare payers, vendors, patients and providers.
 

Considering the geographical outlook, North America amassed majority of global healthcare application programming market share in the recent past owing to prompt adoption of advanced healthcare API systems and  strong concentration of vendors in the region.
 

Furthermore, Asia Pacific region is projected to record a robust growth rate over the projected timeline,  attributable to to rising penetration of Internet of Things (IoT) and associated technologies, as well as rapid establishment of advanced healthcare infrastructure.
 

Key contenders in global healthcare application programming interfaces (API) market sphere are Practo Technologies Pvt. Ltd., Epic Systems Corporation, Allscripts Healthcare Solutions, Inc., Cerner Corporation, Xealth, Inc., Corepoint Health (Lyniate), Sansoro Health, Inc., Apple, Inc., Athenahealth, Inc., and Google, LLC.