Artificial Intelligence
Global Healthcare API Market By Services, By End User, By Deployment, By Region, Industry Analysis and Forecast, 2020 – 2026
New York, Sept. 28, 2020 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Global Healthcare API Market By Services, By End User, By Deployment, By Region, Industry Analysis and Forecast, 2020 – 2026” – https://www.reportlinker.com/p05975418/?utm_source=GNW The steady ascent in the acknowledgment and adoption of healthcare API arrangements by specialists, patients, and payers is anticipated to profit the worldwide market during the forecast period. The worldwide healthcare API market is driven by the increment in acceptance of API-incorporated electronic health records (EHRs), which ensure ease of data availability. Moreover, persistent upgradations and ascend in initiatives by EHRs merchants and healthcare IT businesses fuel market development. However, loss and control of significant patient data and worries identified with security breaches limit the market development. Besides, the constant rise in government initiatives to relocate from the conventional method to technologically developed healthcare frameworks and IT-empowered solutions and services is anticipated to give various chances to market improvement.
The COVID-19 pandemic has ensued social distancing and lockdown restrictions. This has prompted a shortage of lack of labor as a result of forced shutdowns. This has required the execution of a healthcare application programming interface to facilitate the healthcare services tasks in the hospitals and different associations. For example, in April 2020, Google introduced cloud healthcare API v1 to secure patient privacy and to make it interoperable for COVID-19 research purposes.
Based on Services, the market is segmented into Remote Patient Monitoring, Appointments, EHR Access, Wearable Medical Device, and Payment. Based on End User, the market is segmented into Providers, Healthcare Payers, Vendors and Patients. Based on Deployment, the market is segmented into Cloud-based and On-premise. Based on Regions, the market is segmented into North America, Europe, Asia Pacific, and Latin America, Middle East & Africa.
The major strategies followed by the market participants are Partnerships. Based on the Analysis presented in the Cardinal matrix; Apple, Inc. and Microsoft Corporation are the forerunners in the Healthcare API Market. Companies such as AllScripts Healthcare Solutions, Inc., Cerner Corporation, and General Electric (GE) Co., Epic Systems Corporation, Practo Technologies Pvt. Ltd., Greenway Health LLC, Salesforce.com, Inc., and eClinicalWorks LLC are some of the key innovators in the market. The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Salesforce.com, Inc. (MuleSoft, LLC), Microsoft Corporation, Apple, Inc., General Electric (GE) Co. (GE Healthcare), Cerner Corporation, Epic Systems Corporation, eClinicalWorks LLC, AllScripts Healthcare Solutions, Inc., Greenway Health LLC and Practo Technologies Pvt. Ltd.
Recent strategies deployed in Healthcare API Market
Partnerships, Collaborations, and Agreements:
Aug-2020: Cerner partnered with Amazon, a multinational technology company. The partnership was focused on making it easier for medical providers to obtain patient-generated health data from wearable technology. The partnership was focused on Amazon Halo, a new wearable from Amazon that can provide key patient metrics like activity levels, sleep quality, and body fat percentage.
Jul-2020: Microsoft Corporation extended its partnership with Allscripts Healthcare, a healthcare company. The expansion enabled the expanded development and delivery of cloud-based health IT solutions. The expansion would support Allscripts’ cloud-based Sunrise electronic health record, making Microsoft the cloud provider for the solution and opening up co-innovation opportunities to help transform healthcare with smarter, more scalable technology. Jul-2020: Epic Systems signed an agreement with The ACT Government for providing the territory’s digital health record platform at a cost of $114.1 million. Under this agreement, Epic software would be deployed across Canberra’s entire public health system, including public hospitals and community health centers. The platform will introduce a single health record that captures all clinical interactions with patients in one central repository for each of the territory’s 400,000-strong population.
Jun-2020: Cerner together with American Hospital Dubai opened the first artificial intelligence (AI) research center. The center would leverage electronic health records (EHR) to create centers of excellence for oncology, infectious diseases, and bariatric medicine. The AI research center will use big data analytics and machine learning capabilities to support data-based clinical research activities and data-drive operational improvement projects.
Mar-2020: MuleSoft collaborated with Bridge Connector, a technology company offering data-driven workflow automation to solve health IT interoperability challenges. Following the collaboration, the latter company launched a new Salesforce AppExchange solution. Bridge Connector’s no-code health care interoperability solution enabled organizations to quickly and easily integrate disparate health care applications such as electronic health record (EHR) and customer relationship management (CRM) solutions, patient engagement platforms, and more, utilizing its library of connectors.
Feb-2020: Epic Systems teamed up with Atrium Health, a healthcare company. The latter company selected Epic as the standard, uniform platform for its electronic health records. Atrium implemented Epic for its clinical systems across three states. This would increase efficiencies, reduce complexity, and improve physician satisfaction. A single system aimed to allow the complete records of patients in any location to be easily accessed by clinicians consulting on cases hundreds of miles away.
Oct-2019: AllScripts collaborated with Northwell Health, New York’s largest health system. Following this partnership, the companies would develop a next-generation EHR. This next-generation EHR would be cloud-based, voice-enabled, and artificially intelligence-based. It would be designed and tested by Northwell’s clinicians, technology experts, and administrators with the aim of it being deployed systemwide. The product would optimize the patients’ experience and enhance healthcare delivery to improve the experience for both clinicians and patients alike. Aug-2019: Apple came into partnership with Allscripts, the major electronic health records (EHR) vendor. The partnership enabled Apple’s Health Records software to interface with Allscripts’ platform and devices so that the Apple users can view their healthcare data that comes from Allscripts in one place in the iOS Health app even if it comes from multiple healthcare providers.
Aug-2019: MuleSoft, a Salesforce company announced its collaboration with Veeva Systems. Veeva launched MuleSoft Connector for Veeva Vault. Jointly, the companies were aimed to make it faster and easier for life sciences companies to connect Veeva Vault applications with other enterprise systems. This product integration was built upon Veeva’s track record of innovation for joint Salesforce customers.
Jun-2019: Practo signed an MOU with the Academy of Family Physicians India (AFPI), an independent academic discipline and the national association of family physicians. The companies were aimed to work collaboratively towards greater understanding and adoption of digital healthcare technology. Practo served as AFPI’s digital healthcare partner and together the two institutions have been working on the areas of continuous learning and development in digital healthcare for all physicians associated with AFPI.
Mar-2019: AllScripts announced that it is partnering with Ephraim McDowell Health. The partnership was aimed at enhancing its patient portal tool, FollowMyHealth. The enhancement efforts were focused on developing a more holistic patient engagement technology experience. While the current patient portal model is useful for creating patient data access and facilitating secure direct messages with patients and providers, Allscripts and Ephraim McDowell Health plan to create an all-encompassing patient experience.
Feb-2019: Microsoft came into collaboration with Redox, a company that develops an information technology platform. The collaboration was focused on secure, bidirectional data exchange with electronic health record (EHR) software at provider organizations using the FHIR (Fast Healthcare Interoperability Resources) standard. As a result, clinicians and caregivers can easily communicate patient data on the Microsoft Teams platform and record information at the EHR level. Acquisition and Mergers:
May-2018: AllScripts signed an agreement to acquire HealthGrid Holding Co., the developer of a mobile patient engagement platform called CareNotify. The acquisition would strengthen the company’s FollowMyHealth platform and advance its EHR-agnostic approach.
Jan-2017: Practo Technologies acquired healthcare startup, Qikwell Technologies. The acquisition helped the company in maintaining a leadership position in the online healthcare market.
Mar-2017: GE Healthcare acquired Monica Healthcare, a monitoring technology company for expanding its Maternal-Infant Care business. This acquisition enhanced GE Healthcare’s mobile and digital offerings by providing clinicians and patients around the world with more innovative solutions for labor, delivery, and home care.
Product Launches and Product Expansions: Apr-2020: GE Healthcare introduced a new software solution, Mural Virtual Care Solution. The solution supports clinicians and health systems in the treatment of COVID-19 patients. The solution was designed to give hospitals a broad view across their ventilated patient population and help identify patients at risk of deterioration, to the highly secure and trusted Microsoft Azure cloud platform.
Apr-2020: Greenway Health introduced a new Greenway Revenue Services offering, GRS Express, to ensure practice cash flow during the COVID-19 pandemic. This is a simplified solution for revenue cycle management (RCM) that can be deployed in as little as two weeks. This rapid response solution was designed to assist practices as they manage critical areas of the revenue cycle, providing immediate relief and improved timely revenue collections.
Scope of the Study
Market Segmentation:
By Services • Remote Patient Monitoring
• Appointments
• EHR Access
• Wearable Medical Device
• Payment By End User
• Providers
• Healthcare Payers
• Vendors
• Patients By Deployment
• Cloud-based
• On-premise
By Geography
• North America o US
o Canada
o Mexico
o Rest of North America
• Europe o Germany
o UK
o France
o Russia
o Spain o Italy
o Rest of Europe
• Asia Pacific
o China
o Japan o India
o South Korea
o Singapore
o Malaysia
o Rest of Asia Pacific • LAMEA
o Brazil
o Argentina
o UAE
o Saudi Arabia o South Africa
o Nigeria
o Rest of LAMEA
Companies Profiled
• Salesforce.com, Inc. (MuleSoft, LLC) • Microsoft Corporation
• Apple, Inc.
• General Electric (GE) Co. (GE Healthcare)
• Cerner Corporation
• Epic Systems Corporation • eClinicalWorks LLC
• AllScripts Healthcare Solutions, Inc.
• Greenway Health LLC
• Practo Technologies Pvt. Ltd.
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Development of a large group of services, for example, remote patient checking and wearable clinical devices, has expanded the interest for healthcare API solutions, which help patients to get insights into the experience, expertise, and timing of a doctor before consulting them. Furthermore, patients can follow their appointment sign and visit just when it is necessary.
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Artificial Intelligence
Complyport’s new AI tool – ViCA.Chat – set to revolutionise compliance support services
LONDON, June 14, 2024 /PRNewswire/ — ViCA.Chat, the Virtual Compliance Assistant powered by AI technology, is set to transform regulatory compliance consulting. Developed by ComplyMAP Group’s AI engineers and Complyport’s compliance consulting teams, ViCA redefines compliance support services and propels governance, risk and compliance consulting into a new era of innovation.
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The key differentiator of ViCA is its specialised and purposely constructed unique databases that leverage Complyport’s 22 years of regulatory expertise, combined with tailored AI training tools, enabling ViCA to operate as an experienced compliance consultant. A dedicated human support team continuously improves and updates ViCA’s knowledge and responses through a feedback loop process and quality assurance sessions. This powerful symbiosis of AI and human expertise sets ViCA apart and ensures businesses have the latest regulatory information instantaneously and seamlessly.
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Artificial Intelligence
LoRa and LoRaWAN IoT Market worth $32.7 billion by 2029- Exclusive Report by MarketsandMarkets™
CHICAGO, June 14, 2024 /PRNewswire/ — The LoRa and LoRaWAN IoT Market is expected to reach USD 32.7 billion by 2029 from USD 8.0 billion in 2024, at a Compound Annual Growth Rate (CAGR) of 32.4 % during 2024–2029, according to a new report by MarketsandMarkets™.
Browse in-depth TOC on “LoRa and LoRaWAN IoT Market”
320 – Tables 58 – Figures294 – Pages
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Scope of the Report
Report Metrics
Details
Market size available for years
2018-2029
Base year considered
2023
Forecast period
2024–2029
Forecast units
Value (USD Billion)
Segments Covered
Offering, Network Deployment, Application, End User, and Region
Region covered
North America, Europe, Asia Pacific, Middle East & Africa, and Latin America.
List of Companies in LoRa and LoRaWAN IoT
The Bosch Group (Germany), Cisco (US), Orange SA (France), Comcast Corporation (US), Semtech (US), NEC Corporation(Japan), Tata Communications (India), AWS (US), Advantech (Taiwan), SK Telecom (South Korea), Murata (Japan), Kerlink (France), Actility (France), Digi International (US), MultiTech (US), Ezurio (US), Sensoterra (Netherlands), Nwave Technologies (US), RAKwireless (China), TheThings.io (Spain), Datacake (Germany), Milesight (China), LORIOT (Switzerland), Exosite (US), Orbiwise (Switzerland), Netmore Group (Sweden), and Radio Bridge Inc (US).
The LoRaWAN ecosystem influences development of tools, software libraries, and cloud-based platforms that streamline the creation, deployment, and management of IoT solutions. Continuously evolving, this ecosystem boasts a burgeoning array of vendors providing LoRa-compliant devices, gateways, and network management solutions. This vibrant competition within the ecosystem propels innovation while driving down costs for end-users. Moreover, the development of interoperable solutions fosters seamless integration and deployment of LoRaWAN networks, simplifying the implementation process for businesses and organizations. As the ecosystem continues to expand and mature, it empowers developers, system integrators, and IoT enthusiasts to unleash their creativity, accelerate time-to-market, and unlock the full potential of LoRaWAN technology in diverse applications and industries.
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Based on network deployment, the public network segment to hold the largest market size during the forecast period.
The robust security features integrated into public LoRaWAN networks play a significant role in driving the growth and adoption of LoRaWAN technology in the market. End-to-end encryption ensures that data transmitted between devices and gateways is protected from unauthorized access or interception, safeguarding sensitive information such as sensor readings, location data, and command messages. Message integrity checks verify the integrity of data packets, detecting any tampering or alteration during transmission and ensuring data authenticity and reliability. Additionally, mutual authentication mechanisms establish trust between devices and gateways, verifying the identity of both parties before allowing communication to occur. These security measures provide organizations and end-users with confidence in the integrity and confidentiality of their data, mitigating concerns related to data privacy, cybersecurity threats, and regulatory compliance. As a result, implementing robust security features in public LoRaWAN networks enhances trust and credibility in the technology, driving increased adoption and market growth as organizations seek reliable and secure connectivity solutions for their IoT deployments.
By offering, the services segment is expected to hold a higher growth rate during the forecast period.
IoT service providers are pivotal in driving adoption by developing vertical-specific solutions finely tuned to the distinct needs of industries like agriculture, healthcare, logistics, and smart cities. In agriculture, for instance, IoT services offer solutions for precision farming, crop monitoring, and livestock management, enabling farmers to optimize irrigation, monitor soil health, and enhance yields. Similarly, IoT services facilitate remote patient monitoring, asset tracking, and inventory management in healthcare, improving patient care, reducing costs, and ensuring compliance with regulatory standards such as HIPAA. In logistics, IoT services provide real-time tracking of shipments, fleet management, and predictive maintenance, enhancing supply chain visibility, efficiency, and reliability. For smart cities, IoT services offer solutions for traffic management, waste management, energy optimization, and public safety, transforming urban infrastructure and enhancing the quality of life for residents. By addressing industry-specific challenges, compliance requirements, and use cases, vertical-specific IoT solutions deliver tangible business value, driving adoption and fueling the growth of the IoT services market across diverse sectors.
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Asia Pacific is expected to hold a higher growth rate during the forecast period.
In the Asia Pacific region, where agriculture serves as a cornerstone of many economies, adopting IoT technologies, particularly LoRa and LoRaWAN, is revolutionizing traditional farming practices. LoRaWAN’s long-range connectivity and low-power consumption make it well-suited for deployment in rural agricultural settings, where access to reliable connectivity may be limited. Through LoRa-based IoT solutions, farmers can implement precision agriculture techniques to address pressing challenges such as water scarcity, soil degradation, and unpredictable weather patterns. LoRa-enabled sensors facilitate real-time monitoring of soil moisture levels, temperature, and humidity, allowing farmers to optimize irrigation schedules and conserve water resources. Remote sensing technologies powered by LoRaWAN enable farmers to gather actionable insights on crop health, pest infestations, and nutrient deficiencies, facilitating timely interventions and improving overall crop management practices. Furthermore, LoRa-based crop analytics platforms provide farmers with data-driven decision support tools, helping them optimize planting strategies, improve yield forecasting, and mitigate the impact of climate change on agricultural productivity. By harnessing the power of LoRa and LoRaWAN IoT solutions, farmers in the Asia Pacific region can increase yields, conserve resources, and enhance resilience to environmental challenges, driving the adoption and growth of the LoRaWAN IoT market in the agricultural sector.
Top Key Companies in LoRa and LoRaWAN IoT Market:
The major vendors covered in the LoRa and LoRaWAN IoT Market are The Bosch Group (Germany), Cisco (US), Orange SA (France), Comcast Corporation (US), Semtech (US), NEC Corporation(Japan), Tata Communications (India), AWS (US), Advantech (Taiwan), SK Telecom (South Korea), Murata (Japan), Kerlink (France), Actility (France), Digi International (US), MultiTech (US), Ezurio (US), Sensoterra (Netherlands), Nwave Technologies (US), RAKwireless (China), TheThings.io (Spain), Datacake (Germany), Milesight (China), LORIOT (Switzerland), Exosite (US), Orbiwise (Switzerland), Netmore Group (Sweden), and Radio Bridge Inc (US). These players have adopted various growth strategies, such as partnerships, agreements and collaborations, new product launches, enhancements, and acquisitions to expand their footprint in the LoRa and LoRaWAN IoT Market.
Browse Adjacent Markets: Digitalization and Internet of Things (IoT) Market Research Reports & Consulting
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Artificial Intelligence
Scoring a Seat at UEFA EURO 2024™ with Top-Performing AI-Powered TOSHIBA TV Lineup
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