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Microservices in Healthcare Market Report Scope & Overview:

The Microservices in Healthcare Market Size was valued at USD 344 million in 2023 and is expected to reach USD 1601.69 million by 2031 and grow at a CAGR of 21.2% over the forecast period 2024-2031.

The term "microservices" refers to an architectural design that enables the provision of applications like system software, which delivers functional modules with high levels of accuracy and efficiency as well as interface capabilities. These are deployable services that enable the addition of fresh methods and services to application programming interfaces (APIs). These microservices are utilized in the healthcare industry to improve business processes by controlling operations, introducing high speed, and delivering care much more effectively than the conventional method. Based on the Delivery Model and Component, healthcare microservices are categorized. Researchers, the life sciences sector, healthcare providers, and payers heavily rely on microservices in the pharmaceutical sector.

Microservices in Healthcare Market Revenue Analysis

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MARKET DYNAMICS

DRIVERS

  • Microservice Architecture's advantages

  • the capacity to accelerate project delivery

  • Being able to support and improve customer-focused businesses

RESTRAINTS

  • Security and compliance with regulations worries

  • Difficulty

OPPORTUNITIES

  • Application-Based in the Cloud

  • Development of IoT Applications

  • Microservice Architecture for Construction Applications of Real-World Evidence 

CHALLENGES

  • Implementing Small Services Faces Organizational Challenges

  • Reluctance to Switch to Complex Microservice Architecture from Traditional Monolithic Architecture

IMPACT OF COVID-19

Due to an increase in daily cases around the world, the market need for COVID-19 vaccination has increased. As a result, this has helped the digital healthcare platform advance interoperable medical devices, highly customized patient-specific solutions, digital twins of human systems for quicker drug discovery, clinical trials, and other initiatives. As a result, there will be a rise in the demand for microservices in healthcare technology, which will be a key subject in the post-Covid era.

The market will experience growth over the forecast period due to the rise of key companies who have unique products being released toward COVID-19. For instance, in order to combat the COVID-19 pandemic, Manorama Infosolutions introduced Telemedicine & Teleconsultation. Sharp increase in the use of cloud native software development practices. Incorporating AI into businesses, utilizing 5G and edge computing to their full potential now and in the future are all made possible by the usage of microservices, containers, and DevOps.

By Component

The healthcare microservices industry is divided into platforms and services. Consulting, integration, training, support, and maintenance services are the further sub-segments of the services segment. The market for healthcare microservices is predicted to be dominated by the platforms sector. This dominance is related to the growing demand for cloud microservice architecture for scaling services at an extremely fine level for effective system structure and optimization. Enterprise applications gain new levels of scalability thanks to the microservices architecture of cloud platforms.

By Delivery Model

On-premise and cloud-based approaches make up the different segments of the healthcare microservices industry. The market for healthcare microservices is anticipated to be dominated by the cloud-based model segment. Cloud-based microservices are offered as subscriptions that might last anywhere from one month to many years. A rising number of healthcare companies, payers, providers, and laboratories are choosing cloud-based solutions because they don't have any substantial setup costs. Subscription costs also cover maintenance and support fees, making these delivery methods more inexpensive for clients. Some further benefits of cloud-based healthcare microservices solutions include simplicity of usage and storage flexibility.

By End user

Healthcare providers, Healthcare payers, life science companies, and clinical laboratories are the segments of the healthcare microservices market. It is anticipated that the healthcare providers sector will hold the biggest market share. The adoption of microservices architecture among healthcare providers is being fueled by government programmes that assist providers in receiving incentives for the adoption of EHRs and the development of integration and connectivity solutions.

KEY MARKET SEGMENTS:

By Component

  • Platforms

  • Services

  • Consulting Services

  • Integration Services

  • Services

By Delivery Model

  • On-premise Models

  • Cloud-based Models

By End-user

  • Healthcare Providers

  • Healthcare Payers

  • Lifesciences Industry

  • Research Organizations

Microservices in Healthcare Market Segmentation Analysis

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REGIONAL ANALYSIS

The healthcare market for microservices is divided into four regions: North America, Asia Pacific, Europe, and the rest of the world (RoW). In 2018, North America is anticipated to rule the market. Because of the increased emphasis on enhancing the general effectiveness of healthcare organisations and the larger availability of products and services in the region, North America holds a sizable part of the global market for microservices in healthcare.

Despite the market for microservices in healthcare offering considerable development prospects, industry expansion may be constrained by worries about regulatory compliance, security, and architecture complexity.

REGIONAL COVERAGE:

  • North America

    • USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

    • Italy

    • Spain

    • The Netherlands

    • Rest of Europe

  • Asia-Pacific

    • Japan

    • South Korea

    • China

    • India

    • Australia

    • Rest of Asia-Pacific

  • The Middle East & Africa

    • Israel

    • UAE

    • South Africa

    • Rest of Middle East & Africa

  • Latin America

    • Brazil

    • Argentina

    • Rest of Latin America

KEY PLAYERS:

Some of the major key players are Amazon Web Services Inc., CA Technologies, IBM Corporation, Microsoft, Software AG, NGINX Inc., Oracle Corporation, Pivotal Software, Inc., Salesforce.com, Infosys., Syntel, Inc. and other players.

CA Technologies-Company Financial Analysis

Company Landscape Analysis

Microservices in Healthcare Market Report Scope:

Report Attributes Details
Market Size in 2023 US$ 344 Million
Market Size by 2031 US$ 1601.69 Million
CAGR

CAGR of 21.2% From 2024 to 2031

Base Year 2023
Forecast Period 2024-2031
Historical Data 2020-2022
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • By Component (Platforms, Services, Consulting Services, Integration Services, Services)
• By Delivery Model (On-premise Models, Cloud-based Models, Private Cloud, Public Cloud, Hybrid Cloud)
• By End user (Healthcare Providers, Healthcare Payers, Lifesciences Industry, Research Organizations)
Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
Company Profiles Amazon Web Services Inc., CA Technologies, IBM Corporation, Microsoft, Software AG, NGINX Inc., Oracle Corporation, Pivotal Software, Inc., Salesforce.com, Infosys., Syntel, Inc.
Key Drivers • Microservice Architecture's advantages
• the capacity to accelerate project delivery
• Being able to support and improve customer-focused businesses
Restraints • Security and compliance with regulations worries
• Difficulty

Frequently Asked Questions

Ans: The Microservices in Healthcare Market size was valued at US$ 344 Mn in 2023.

 North America is anticipated to rule the market. Because of the increased emphasis on enhancing the general effectiveness of healthcare organisations and the larger availability of products and services in the region.

Microservices in Healthcare Market is divided into five segments By Component, By Delivery Model, and By End user.

 Security and compliance with regulations worries are the restraints of Microservices in Healthcare Market.

Ans: The Microservices in Healthcare Market is to grow at a CAGR of 21.2% over the forecast period 2024-2031.

Table of Contents

1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

2. Research Methodology

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

4. Impact Analysis

4.1 COVID-19 Impact Analysis

4.2 Impact of Ukraine- Russia war

4.3 Impact of ongoing Recession

4.3.1 Introduction

4.3.2 Impact on major economies

4.3.2.1 US

4.3.2.2 Canada

4.3.2.3 Germany

4.3.2.4 France

4.3.2.5 United Kingdom

4.3.2.6 China

4.3.2.7 Japan

4.3.2.8 South Korea

4.3.2.9 Rest of the World

5. Value Chain Analysis

6. Porter’s 5 forces model

7.  PEST Analysis

  

8. Microservices in Healthcare Market Segmentation, By Component

8.1 Platforms

8.2 Services

8.3 Consulting Services

8.4 Integration Services

8.5 Services

9. Microservices in Healthcare Market Segmentation, By Delivery Model

9.1 On-premise Models

9.2 Cloud-based Models

9.3 Private Cloud

9.4 Public Cloud

9.5 Hybrid Cloud

10. Microservices in Healthcare Market Segmentation, By End User

10.1 Healthcare Providers

10.2 Healthcare Payers

10.3 Lifesciences Industry

10.4 Research Organizations

11. Regional Analysis

11.1 Introduction

11.2 North America

11.2.1 USA

11.2.2 Canada

11.2.3 Mexico

11.3 Europe

11.3.1 Germany

11.3.2 UK

11.3.3 France

11.3.4 Italy

11.3.5 Spain

11.3.6 The Netherlands

11.3.7 Rest of Europe

11.4 Asia-Pacific

11.4.1 Japan

11.4.2 South Korea

11.4.3 China

11.4.4 India

11.4.5 Australia

11.4.6 Rest of Asia-Pacific

11.5 The Middle East & Africa

11.5.1 Israel

11.5.2 UAE

11.5.3 South Africa

11.5.4 Rest

11.6 Latin America

11.6.1 Brazil

11.6.2 Argentina

11.6.3 Rest of Latin America

12. Company Profiles

12.1 Amazon Web Services Inc.,

12.1.1 Financial

12.1.2 Products/ Services Offered

12.1.3 SWOT Analysis

12.1.4 The SNS view

12.2 CA Technologies

12.3 IBM Corporation

12.4 Microsoft, Software AG

12.5 NGINX Inc.

12.6 Oracle Corporation

12.7 Pivotal Software, Inc.

12.8 Salesforce.com

12.9 Infosys.

12.10 Syntel, Inc.

13. Competitive Landscape

13.1 Competitive Benchmark

13.2 Market Share Analysis

13.3 Recent Developments

14. Conclusion

An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.

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The 5 steps process:

Step 1: Secondary Research:

Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.

Secondary Research

Step 2: Primary Research

When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data.  This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.

We at SNS Insider have divided Primary Research into 2 parts.

Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.

This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.

Primary Research

Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.

Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.

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Data Bank Validation

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