Why global healthcare API market size is expected to flourish through 2027

The COVID-19 pandemic has resulted in social distancing and lockdowns. This has led to a shortage of manpower as a consequence of imposed shutdowns. This has necessitated the implementation of a healthcare Application Programming Interfaces (API) to ease the healthcare operations in the hospitals and other organizations. An increase in funding and growing initiatives from the industry players to develop a completely standardized API is propelling growth. An increase in funding and growing initiatives from the industry players to develop a completely standardized API is propelling growth. A report from Grand View Research projected that the global healthcare API market size, which was valued at USD 210.9 million in 2019, is expected to grow at a compound annual growth rate (CAGR) of 6.3% through 2027. The report said: “Increasing adoption of Application Programming Interfaces (API) and integrated Electronic Health Records (EHRs) that provide simplicity and ease of healthcare data accessibility is driving the market growth. Moreover, improved patient outcomes increased patient satisfaction, and development in the care quality are propelling the market expansion. Furthermore, increasing the need for healthcare integration is driving demand. Integration of new workflows between the providers and the payers, the apps which can access data from EHRs, wearables, and their services, seamless transition of care are some of the major factors increasing the adoption of healthcare API. Internal standardization for various products or workflows will help to easily access the patient’s data.” Active Companies in the markets today include Healthcare Triangle Inc., Accolade, Inovalon , Health Catalyst, Inc., Alphabet Inc..

The Grand View Research report continued: “On the basis of services, the healthcare API market is segmented into EHR access, appointments, remote patient monitoring, payment, and wearable medical devices. EHR access dominated the market with a revenue share of over 30.00% in 2019 (and beyond). API can easily integrate the EHR with other platforms which will help seamless data integration with the third parties. Moreover, the EHR vendors are actively building APIs in their platform to provide value-based patient care which is further increasing the adoption. The remote patient monitoring segment is expected to exhibit the fastest growth over the forecast period. Connected health and remote patient monitoring gain much attention during the COVID-19 pandemic as doctors and caregivers need to treat patients remotely in order to reduce the risk of contamination. The providers are offering various patient engagement platforms with integrated API for better treatment options and guidance based on their past medical records.”

Healthcare Triangle Partners with Google Cloud to Accelerate Cloud Transformation for Healthcare and Life Sciences Organizations– Healthcare Triangle Inc. a leading provider of cloud and data transformation solutions in healthcare and life sciences, is pleased to announce that it has advanced to Google Cloud Premier Partner status. This advancement to ‘Premier’ status is based on its success in building, deploying, and managing Google Cloud solutions for regulated healthcare and life sciences organizations and building massive data analytics platforms on Google Cloud’s highly scalable and reliable infrastructure.

Through the Google Cloud Partner Advantage Program, Healthcare Triangle solves healthcare and life sciences organizations’ complex challenges with innovative solutions in areas such as data analytics, AI, security, compliance, blockchain capabilities, cloud DevOps and other key cloud products. With the Premier Partner status, Healthcare Triangle continues to deploy the scalable and secure infrastructure on Google Cloud to maximize customers’ operational efficiencies.

Healthcare Triangle uses Google Cloud to help companies create and architect a value-driven cloud transformation. The Premier status designates a proven record of delivering exceptional customer service and in-depth technical expertise around core Google Cloud specializations and certifications.

With the availability of Healthcare Triangle’s healthcare solution offerings on Google Cloud Marketplace, Healthcare Triangle presents a practical and cost-effective way for healthcare and life sciences organizations to deliver on their data strategy with state-of-the-art AI/ML, advanced analytics, and a highly agile infrastructure. At the same time, Healthcare Triangle can also offer a consolidated bill to their customers, launch innovative data and AI solutions on Google Cloud Marketplace, own the customer relationship, and advise customers on how to best leverage Google Cloud’s technology through the sales engagement model with Google Cloud. Looking forward, Healthcare Triangle plans to expand its footprint on Google Cloud.

“Being named a Google Cloud Premier Partner highlights Healthcare Triangle’s commitment to innovative, strategic relationships that allow us to deliver cloud insights and solutions that drive meaningful outcomes for our clients,” says Suresh Venkatachari, CEO of Healthcare Triangle. “As a Premier Partner, we are committed to helping our customers realize the benefits of Google Cloud and providing a solid foundation including hybrid, multi-cloud, and cloud-native environments, as well as DevOps automation, smart analytics and AI, healthcare industry solutions, infrastructure and application modernization.”

“As a healthcare IT leader enabling clients to deliver digital transformation, we are very excited to work with Google Cloud as one of their Premier Partners. Healthcare Triangle now addresses a range of healthcare use cases including personalized healthcare and accelerating drug research & development using proprietary technology platforms, AI solutions, and healthcare IT service offerings,” says Lena Kannappan, Head of Strategic Partnerships and a Board member for Healthcare Triangle, Inc. “As interoperability is foundational to achieving the digital transformational goals in healthcare, Healthcare Triangle is working with Google Cloud on the client readiness program and building Healthcare API based solutions.” PR Newswire