Global Microservices in Healthcare Market Size, Share, Growth, and Industry Analysis, By Component (Consulting Services, Integration Services, Platforms Services, and Others), By Delivery Model (On-Premise, Cloud-Based, Private Cloud, Public Cloud, Hybrid Cloud, and Others), By End User (Healthcare Providers, Lifescience Industry, Healthcare Payers, Research Organizations, and Others) and By Regional Analysis (North America, Europe, Asia Pacific, South America, Middle East & Africa) Insights and Forecast to 2033

Global Microservices in Healthcare Market Insights Forecasts to 2033

• The Global Microservices in Healthcare Market Size was Valued at USD 324.08 Million in 2023
• The Market Size is Growing at a CAGR of 20.44% from 2023 to 2033
• The Worldwide  Microservices in Healthcare Market Size is Expected to Reach USD 2080.89 Million by 2033
• Asia-Pacific is Expected to Grow the fastest during the forecast period.

 

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The Microservices in Healthcare Market Size is Anticipated to Exceed USD 2080.89 Million by 2033, Growing at a CAGR of 20.44% from 2023 to 2033. Healthcare organizations can more effectively integrate digital technology and services by utilizing microservices. Healthcare companies can easily integrate with third-party applications and services whilst improving the overall interoperability scope as well.

 

MICROSERVICES IN HEALTHCARE MARKET REPORT OVERVIEW

The term "microservices" refers to a design of architecture that makes it possible to provide applications such as system software, which offers interface capabilities together with highly accurate and efficient functional modules. These are services that can be implemented, allowing new techniques and functions to be added to application programming interfaces (APIs). The healthcare sector uses these microservices to enhance business procedures by bringing rapidity, managing operations, and delivering treatment more effectively than with traditional methods. Healthcare microservices allow for the development and implementation of flexible, scalable services and solutions. These isolated microservices are extremely effective at enhancing the compatibility of various medical solutions. Microservices adoption in healthcare could potentially be aided by increased healthcare establishment costs and growing investments in the development of healthcare facilities.

 

The emergence of IoT technologies is slated to create some highly lucrative opportunities for microservices in healthcare companies. Rapidly increasing adoption of digital services and solutions in different healthcare applications is slated to bolster the demand for microservices in healthcare over the coming years. In December 2023, The Strategic Cybersecurity Partnership was expanded by IBM Consulting and Palo Alto Networks.

 

Report Coverage

This research report categorizes the market for the microservices in healthcare market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the microservices in healthcare market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the microservices in healthcare market.

 

DRIVING FACTORS:  

“Agility and Rapid Development Will Support Healthcare Services”

The healthcare industry is always evolving due to new technological advancements, changing rules & regulations, and increasing patient needs. For quickly responding to these modifications, implementing improvements into effect fast, and dealing with the changing healthcare environment, agility, and rapid development are important. Using microservices, the company can individually develop and implement the telemedicine feature without affecting the functioning of the current EHR. This modular strategy facilitates quick adaptation to emerging trends and promotes development. Microservices promote cooperation between development teams and facilitate the quick prototyping and implementation of new functionalities. To enhance patient care and operational effectiveness, healthcare organizations can use microservices to test new technologies like blockchain, IoT, and AI (Artificial Intelligence).

 

“Better Integration and Interoperability”

Healthcare organizations can more effectively integrate digital technology and services by using microservices. Healthcare companies can easily integrate with third-party applications and services whilst improving the overall interoperability scope as well.

 

RESTRAINING FACTORS:

“Data Security Concerns Impede Market Growth”

 

Handling sensitive patient data across dispersed microservices poses data security and privacy problems. Organizations must adopt comprehensive security measures and maintain compliance with healthcare data protection requirements, which can add complexity and cost to the implementation process. Individual components of patient records may be handled by different services in a healthcare system based on microservices technology. To prevent unauthorized access, secure data storage and transmission between these services are important. Because healthcare data is so important and sensitive, cyberattacks target it frequently. Protecting the security of distributed microservices architecture is crucial, but it can be challenging because there are more attack vectors when deploying microservices. These factors are anticipated to hinder the growth of the microservices in healthcare market growth.

 

Market Segmentation

The microservices in healthcare market share are classified into components, delivery models, and end users.

Which segment is expected to hold the largest share of the microservices in healthcare market during the forecast period?

 

The platforms services segment dominates the market with the highest market share over the forecast period”

Based on the component, the microservices in healthcare market are categorized into consulting services, integration services, platforms services, and others. Platform services are essential for the development and deployment of different microservices. Increasing the scalability and adaptability of microservice platforms will also allow them to gain traction in different healthcare applications going forward. The demand for services is also increasing at a significant rate due to the expanding use of microservices in the healthcare industry. The growing need for the maintenance of old microservice platforms and the deployment of new ones around the world are slated to create new opportunities in the services.

 

Which segment is expected to hold the largest share of the microservices in healthcare market during the forecast period?

“The cloud-based segment dominates the market with the highest market share over the forecast period”

Based on the delivery model, the microservices in healthcare market are categorized into on-premise, cloud-based, private cloud, public cloud, hybrid cloud, and others. Cloud-based models are set to continue to dominate in the future due to their increasing popularity. Cloud-based technology developments and the expanding adoption of cloud-based models in the healthcare industry are also anticipated to support this segment's growth during the forecast period and beyond. Healthcare technology that utilizes cloud-based microservices will be widely used by large healthcare organizations that aim to safeguard and customize their data.

 

Why healthcare providers are Preferred over the lifescience industry, healthcare payers, research organizations, and others?

“Patient management, Clinical workflows, and administrative operations benefits”

Based on the end user, the microservices in healthcare market are categorized into healthcare providers, lifescience industry, healthcare payers, research organizations, and others. Healthcare providers include clinics, physician practices, hospitals, and other medical facilities that provide medical services to patients. Patient management, Clinical workflows, and administrative operations benefit from microservices. Because of the healthcare providers require diverse microservices to serve various functions, including patient portals, appointment scheduling, electronic health records (EHRs), telemedicine platforms, and billing systems. The microservices design enables them to build and deploy these functionalities efficiently and independently.

 

Regional Segment Analysis of the Microservices in Healthcare Market

• North America (U.S., Canada, Mexico) 
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America) 
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

 

Which region is expected to hold the largest share of the microservices in healthcare market over the forecast period?

“North America is anticipated to hold the largest share of the microservices in healthcare market over the forecast period”

The presence of a developed healthcare infrastructure allows North America to hold a dominant share of the global microservices in healthcare. Significant variables influencing the growth of this market include the continuous advancement of technical improvements, rapid acceptance of new technology, the growing inclination for service automation, and the increasing utilization of cloud computing by healthcare organizations. Furthermore, healthcare practitioners have been encouraged to investigate architecture microservice alternatives by the governments of North America, which are working to establish electronic health records (EHR) and inclusion and communication choices. Billions of dollars have been set aside by the federal government to help providers and hospitals adopt electronic health records. By allowing providers to share health data, the quality of healthcare will be improved. The United States is the region's preeminent microservices in the healthcare market. Because of the increased emphasis on enhancing the general effectiveness of healthcare organizations and the larger availability of products and services in the region. Because of the strong demand for advanced solutions to manage a broad range of services, as well as increased awareness about their benefits in terms of business development within this region, microservices are expanding at an impressive rate in the North American healthcare market.

 

Why Asia-Pacific is growing at the fastest CAGR in the microservices in healthcare market?

 

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“Constantly improving healthcare structure, large-scale investments in the technologies, and increasing demand for healthcare services”

In the Asia-Pacific microservices healthcare industry is expected to grow at the current rate during the anticipated period. India, China, and Japan are likely to be the leading nations in the Asia Pacific microservices in the healthcare market. In the future, expanding healthcare digitization and the increased emphasis on healthcare in this region's developing nations are expected to open up opportunities for microservices in the healthcare industry. In the future, healthcare companies might expect India, China, and Japan to be the biggest markets for microservices. Asia-Pacific is rapidly growing in the microservices in the healthcare market because of the constantly improving healthcare structure, large-scale investments in the technologies related to healthcare, growing per capita healthcare spending, and the rising need for automation in the healthcare sector. The country section of the microservices in the healthcare market also provides individual market-impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Some of the key indicators utilized to anticipate the market situation for certain countries are data points like consumption volumes, production sites, import-export analysis, price trend analysis, and cost of raw materials. The region's healthcare systems would be enhanced by the easy adoption of technologically advanced solutions and the growing trend of automation of services across several sectors. The demand for microservices in healthcare in the Asia Pacific region is slated to increase at a rapid pace over the upcoming years.

 

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the microservices in healthcare market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

 

List of Key Companies

• Pivotal Software, Inc.
• Salesforce
• AWS
• CA Technologies
• Syntel
• Microsoft
• Com, Inc. 
• IBM
• NGINX Inc.
• Amazon Web Services, Inc. 
• Infosys
• Oracle
• Others

 

Recent Developments

• In September 2023, Apollo Hospitals, a leading hospital chain, announced that it had partnered with Google to utilize its digital health platform. The goal of this action was to give all Indians better access to healthcare through Apollo hospitals.

 

• In December 2022, Paras Healthcare, a renowned chain of hospitals based in India, announced that it had chosen My Healthcare as its digital transformation partner in December 2022. By making this change, Paras was able to improve its digital microservices portfolio.

 

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

 

Market Segment

This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the microservices in healthcare market based on the below-mentioned segments: 

 

Microservices in Healthcare Market, By Component

• Consulting Services
• Integration Services
• Platforms Services
• Others

 

Microservices in Healthcare Market, By Delivery Model

• On-Premise
• Cloud-Based
• Private Cloud
• Public Cloud
• Hybrid Cloud
• Others

 

Microservices in Healthcare Market, By End User

• Healthcare Providers
• Lifescience Industry
• Healthcare Payers
• Research Organizations
• Others

 

Microservices in Healthcare Market, By Regional Analysis

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa