Microservices in Healthcare Market Size, Share, Growth Analysis, By Component(Services And Platforms), By Delivery Model(Cloud-Based Models And On-Premise Models), By End User(Healthcare Payers, Research Organizations, Healthcare Providers, And Others), By Region - Industry Forecast 2024-2031

Q: What is the global market size of Global Microservices in Healthcare Market?

Global Microservices in Healthcare Market size was valued at USD 275 million in 2022 and is poised to grow from USD 336.05 million in 2023 to USD 1670.42 million by 2031, growing at a CAGR of 22.2% in the forecast period (2024-2031).

Report ID: SQMIG35D2237 | Region: Global | Published Date: March, 2024
Pages: 202 | Tables: 87 | Figures: 70

Microservices in Healthcare Market News

In September 2023, Apollo Hospitals, a leading hospital chain announced that it had partnered with Google to utilize its digital health platform. This move is intended to improve healthcare access to all Indians via Apollo hospitals.

Paras Healthcare, a renowned chain of hospitals based in India, announced that it had chosen MyHealthcare as its digital transformation partner back in December 2022. This move helped Paras strengthen its digital microservices offerings.

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Microservices in Healthcare Market size was valued at USD 275 million in 2022 and is poised to grow from USD 336.05 million in 2023 to USD 1670.42 million by 2031, growing at a CAGR of 22.2% in the forecast period (2024-2031).

Microservices in healthcare providers can target developing economies where governments are investing in the development of healthcare infrastructure to bolster their market growth. Companies can also focus on the integration of advanced technologies such as IoT and artificial intelligence to enhance the efficiency of their products. Microservices in healthcare market players should also opt for strategies such as collaborations, mergers, acquisitions, and partnerships to maximize their business potential on a scale. 'Amazon Web Services Inc.', 'Microsoft', 'Salesforce', 'IBM', 'Syntel', 'OpenLegacy', 'Invision', 'Contino', 'Gurock', 'GitHub Inc.', 'CA Technologies', 'NGINX Inc.', 'Marlabs Inc.', 'Broadcom'

Use of microservices allows healthcare establishments to better integrate digital technologies and services. Healthcare companies can easily integrate with third-party applications and services whilst improving the overall interoperability scope as well.

Adoption of Containerization Technologies: Healthcare establishments have increased the adoption of containerization technologies and platforms, which in turn is slated to open a plethora of new opportunities for microservices in healthcare companies. Highly efficient delivery and deployment of microservices through containerization could help market players expand their revenue generation going forward.

The presence of a developed healthcare infrastructure allows North America to hold a dominant share of the microservices in healthcare marketplace through 2031. The increasing willingness of people to spend more on healthcare and the rapid adoption of advanced healthcare technologies are also estimated to contribute to the dominance of North America. Efforts of governments in this region to develop and deploy electronic health records are also estimated to favor the demand for microservices in healthcare across the forecast period and beyond. The United States and Canada are slated to be the key markets in this region.

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Microservices in Healthcare Market Size, Share, Growth Analysis, By Component(Services And Platforms), By Delivery Model(Cloud-Based Models And On-Premise Models), By End User(Healthcare Payers, Research Organizations, Healthcare Providers, And Others), By Region - Industry Forecast 2024-2031

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