Global Microservices In Healthcare Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Component (Platforms, Services), By Delivery Model (On-Premise Models, Cloud-Based Models), By End-User (Healthcare Providers, Healthcare Payers, Life Sciences Industry, Research Organizations), And By Geography - Forecasts From 2022 To 2027

Published:  Mar 2022 Report Code: KSI061611909 Pages: 136

The Global Microservices In Healthcare Market is projected to grow at a CAGR of 20.63% during the forecast period to reach US$625.870 million by 2027, from US$168.428 million in 2020.

Microservices, also called microservice architecture, is an architectural type that structures an application as a combination of services. It offers applications such as system software which provides functional modules with great effectiveness, precision, and interfacing abilities. The microservice architecture facilitates the fast, constant, and dependable delivery of high, intricate implements. It also permits an institution to grow its technology stack. These microservices in healthcare are applied to improve the company process by maintaining the functions, including high speed and delivery, that are more effective than the conventional approach. Microservices in healthcare are practiced significantly in pharmaceutical manufacturing by research organizations, healthcare providers, the life sciences industry, and healthcare payers. The global microservices in the healthcare market have been segmented into the delivery model, component, and end-user.

The primary factor driving the market growth are the advantages of microservice architecture, like its capability to enhance overall performance and project delivery pace.

The growing requirement for automation in the healthcare division, rising demand for improving service deployment, microservices’ capacity to settle complex issues, quick enactment of innovative technology, and rising reliance on cloud-based services are major factors for the growth of microservices in the healthcare market. Adding to this, growing investments done by the preeminent market performers for developing innovative products and rising information concerning the implementation of microservices will initiate new growth possibilities for the organizations in the global microservices in the healthcare market. Since cloud-based platforms are quickly obtainable and more affordable than private-based platforms, which are very expensive to install and maintain, these cloud-based platforms are observing a huge growth in demand. However, concerns related to data security, the complexity of microservice architecture, difficulties faced by companies in executing microservices, the uncertainty of service providers to shift from conventional design to microservice architecture, and administrative compliance concerns may act as restraints for the global microservices in the healthcare market. 

Based on geography, the global microservices in the healthcare market are segmented into North America, South America, Europe, the Middle East and Africa, and the Asia Pacific.

North America is expected to lead the global microservices in the healthcare market during the forecasted period. Due to constant advancing technological developments, swift enactment of innovative technology, increasing choice for automation of services, and rising inclusion of cloud computing technology by the healthcare companies are major determinants for the market's growth in this region. For instance, in Canada, digital transformation technologies and services are estimated to surpass USD 16 billion due to investment in emerging technologies, as per the data by ITU. Actions by the North American governments towards implementing electronic health records (EHR) and inclusion and communication options prompted the adoption of architecture microservice alternatives by health care specialists. In the region, the US is the preeminent microservices in the healthcare market.

The European market is also anticipated to exhibit strong growth over the forecasted period due to the proactive measures taken by the government institutions, rising requirements for developing the service setup, fast improvement of healthcare departments in the sector, and reliance on cloud-based solutions.

Microservices in the healthcare market in the Asia Pacific is estimated to increase at a prevailing rate during the forecasted period. The key countries of the Asia Pacific microservices in the healthcare market are expected to be India, China, and Japan. The steadily developing healthcare structure, massive investments in healthcare technology, rising per capita healthcare spending, and the mounting need for automation in the healthcare sector are notable factors that can act for the market's growth in this region.

South American microservices in the healthcare market are expected to have a fast growth over the forecasted period due to the expanding investments made by influential companies in the region and actions taken by different governments. The Middle Eastern and Africa market is estimated to exhibit restrained growth prospects because of the absence of information and the deficiency of advanced healthcare facilities.

COVID-19 Insights

Due to an increase in everyday cases across the world, the market demand for the COVID-19 vaccine has also increased, and this has further resulted in increasing the digital platform in healthcare for stimulating interoperable medical appliances, ultra-personalized and patient-specific explications, digital twins of human systems for faster drug discovery, and clinical trials, among others. These factors have led to an expansion in demand for microservices in healthcare technology that will be a noticeable result after the pandemic. The increasing focus of key market players on new medical and healthcare technologies will also drive the demand for these services. For example, Manorama Infosolutions increasingly used telemedicine & teleconsultation to fight against the COVID-19 pandemic. Moreover, a drastic rise in cloud-native approaches to software development and the adoption of microservices, containers, and DevOps is encouraging the adoption of hybrid cloud architectures, introducing AI in enterprises, and utilizing the full potential of 5G and edge computing throughout this crisis and in future.

Global Microservices In Healthcare Market Scope:

Report Metric Details
 Market size value in 2020  US$168.428 million
 Market size value in 2027  US$625.870 million
 Growth Rate  CAGR of 20.63% from 2020 to 2027
 Base year  2020
 Forecast period  2022–2027
 Forecast Unit (Value)  USD Million
 Segments covered  Component, Delivery Model, End-User, And Geography
 Regions covered  North America, South America, Europe, Middle East and Africa, Asia Pacific
 Companies covered Amazon Web Services Inc., Capgemini SE, Cognizant Technology Solutions Ltd., IBM, Infosys, Microsoft, MuleSoft, Inc., Oracle Corporation, Salesforce, Syntel, Tata Consultancy Services Limited, IBM Corporation
 Customization scope  Free report customization with purchase

 

Key Market 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
    • Life sciences Industry
    • Research Organizations
  • By Geography
    • North America
      • USA
      • Canada
      • Mexico
    • South America
      • Brazil
      • Argentina
      • Others
    • Europe
      • Germany
      • France
      • United Kingdom
      • Spain
      • Others
    • Middle East and Africa
      • Saudi Arabia
      • UAE
      • Israel
      • Others
    • Asia Pacific
      • China
      • Japan
      • Thailand
      • Indonesia
      • South Korea
      • India
      • Taiwan
      • Others

Frequently Asked Questions (FAQs)

Q1. What are the growth prospects for microservices in healthcare market?
A1. The microservices in healthcare market is projected to grow at a CAGR of 20.63% during the forecast period.


Q2. What will be the microservices in healthcare market size by 2027?
A2. The global microservices in healthcare market is projected to reach a market size of US$625.870 million by 2027.


Q3. What is the size of the global microservices in the healthcare market?
A3. Microservices In Healthcare Market was valued at US$168.428 million in 2020. 


Q4. Which region holds the maximum market share in the microservices in healthcare market?
A4. North America is expected to lead the global microservices in the healthcare market over the forecasted period.


Q5. What factors are anticipated to drive the microservices in the healthcare market growth?
A5. The primary factor driving the microservices in healthcare market growth are the advantages of microservice architecture like its capability to enhance overall performance and project delivery pace.

1. INTRODUCTION
1.1. Market Overview
1.2. Covid-19 Scenario
1.3. Market Definition
1.4. Market Segmentation

2. RESEARCH METHODOLOGY
2.1. Research Data
2.2. Assumptions

3. EXECUTIVE SUMMARY
3.1. Research Highlights

4. MARKET DYNAMICS
4.1. Market Drivers
4.2. Market Restraints
4.3. Porters Five Forces Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Powers of Buyers
4.3.3. Threat of Substitutes
4.3.4. The Threat of New Entrants
4.3.5. Competitive Rivalry in Industry
4.4. Industry Value Chain Analysis

5. GLOBAL MICROSERVICES IN THE HEALTHCARE MARKET, BY COMPONENT 
5.1. Introduction
5.2. Platforms
5.3. Services
5.3.1. Consulting Services
5.3.2. Integration Services
5.3.3. Services

6. GLOBAL MICROSERVICES IN THE HEALTHCARE MARKET, BY DELIVERY MODEL
6.1. Introduction
6.2. On-premise Models
6.3. Cloud-based Models
6.3.1. Private Cloud
6.3.2. Public Cloud
6.3.3. Hybrid Cloud

7. GLOBAL MICROSERVICES IN THE HEALTHCARE MARKET, BY END-USER
7.1. Introduction
7.2. Healthcare Providers
7.3. Healthcare Payers
7.4. Life sciences Industry
7.5. Research Organizations

8. GLOBAL MICROSERVICES IN THE HEALTHCARE MARKET, BY GEOGRAPHY
8.1. Introduction
8.2. North America
8.2.1. United States
8.2.2. Canada
8.2.3. Mexico
8.3. South America
8.3.1. Brazil
8.3.2. Argentina
8.3.3. Others
8.4. Europe
8.4.1. Germany
8.4.2. France
8.4.3. United Kingdom
8.4.4. Spain 
8.4.5. Others
8.5. Middle East and Africa
8.5.1. Saudi Arabia
8.5.2. UAE
8.5.3. Israel
8.5.4. Others
8.6. Asia Pacific
8.6.1. China
8.6.2. India
8.6.3. South Korea
8.6.4. Taiwan
8.6.5. Thailand
8.6.6. Indonesia 
8.6.7. Japan
8.6.8. Others

9. COMPETITIVE ENVIRONMENT AND ANALYSIS
9.1. Major Players and Strategy Analysis
9.2. Emerging Players and Market Lucrative
9.3. Mergers, Acquisition, Agreements, and Collaborations
9.4. Vendor Competitiveness Matrix

10. COMPANY PROFILES
10.1. Amazon Web Services Inc.
10.2. Capgemini SE
10.3. Cognizant Technology Solutions Ltd.
10.4. IBM
10.5. Infosys
10.6. Microsoft
10.7. MuleSoft, Inc.
10.8. Oracle Corporation
10.9. Salesforce
10.10. Syntel
10.11. Tata Consultancy Services Limited
10.12. IBM Corporation

Amazon Web Services Inc.

Capgemini SE

Cognizant Technology Solutions Ltd.

IBM

Infosys

Microsoft

MuleSoft, Inc.

Oracle Corporation

Salesforce

Syntel

Tata Consultancy Services Limited

IBM Corporation

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