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

The microservices in healthcare market is projected to grow at a CAGR of 21.26% during the forecast period to reach US$834.796 million by 2028, from US$216.531 million in 2021. Microservices are a new trend in healthcare IT that can give numerous advantages to healthcare enterprises. Microservices can increase scalability, flexibility, and overall efficiency by breaking monolithic applications into smaller, more controllable services. Furthermore, microservices can facilitate the development and deployment of new apps and features, as well as create a more secure and flexible architecture. A variety of causes are pushing the use of microservices in healthcare. 

One of the key drivers is the rising demand for automation in healthcare industry.

The growing need for automated processes in the healthcare sector, the increasing adoption for speeding up service deployment and the resourcefulness of micro services to resolve issues of complexity, the rapid adoption of inventive technology and an increase in overall productivity, and the increasing reliance on cloud-based offerings are some of the factors expected to drive the global micro services in healthcare market. Increasing investment by key market players in the development of new goods and raising awareness of the deployment of micro services is creating new chances for healthcare participants to expand micro services in the healthcare industry.

The emergence of loT applications and a surge in microservice architecture deployment among healthcare organizations are expected to generate considerable prospects for healthcare microservices adoption. Furthermore, an increase in investments by leading suppliers to build new applications and software, as well as an increase in awareness about the installation of microservices, is expected to open up new avenues for the expansion of healthcare microservices adoption.

Key Developments

• Microsoft launched "Healthcare In A Box" in May 2020. The Suit promises to deliver a safe experience for patients while improving operational efficiency.
• Amazon Web Services, Inc. and UST, a provider of digital transformation solutions, have completed a multi-year Strategic Cooperation Agreement in February 2020 to develop sector and domain-specific solutions for healthcare services. UST invested in broadening its AWS and digitalization. Healthcare facilities are updated using AWS services with the help of these solutions.
• In March 2022, COPE Healthcare Solutions and its Analytics for Risk Contracting subsidiary signed a partnership agreement with CareJourney, and under this agreement, COPE Health Solutions and its Analytics for Risk Contracting subsidiary offers health analytics platform and solutions that connect claims, electronic health records, and other data from Medicare and Medicaid datasets.

Moreover, the growing complexity of healthcare IT systems makes managing monolithic applications more difficult. Furthermore, the demand for increased agility and flexibility is driving healthcare firms to implement more modular and scalable infrastructures. Finally, the rise of cloud computing is making dispersed application deployment and management easier.

Microservices are increasingly being used in the healthcare industry to improve care delivery. By separating multiple aspects of the healthcare system, microservices can assist with the development and deploy new care models that are more reactive to the requirements of patients. The ability to swiftly update and deploy new services can assist healthcare organizations in remaining nimble in the face of rapidly changing conditions, such as the outbreak of a new illness.

Additionally, microservices can assist healthcare firms in meeting regulatory requirements such as the Health Insurance Portability and Accountability Act. HIPAA demands that patient health information be kept private. When microservices are used, each service can have its own security protocols to ensure that only authorized users have access to the data. Microservices provide numerous advantages to healthcare businesses, including increased scalability, flexibility, and security.

The North America region is expected to show considerable growth.

Based on geography, the market is segmented into North America, South America, Europe, Middle East and Africa, and Asia Pacific regions. In the healthcare market of the United States, microservices are gaining popularity due to their potential to improve interoperability, enhance patient care, and reduce costs. The market growth is attributed to several factors, including the increasing demand for healthcare IT solutions, the need for interoperability between different healthcare systems and applications, and the growing adoption of cloud-based solutions. Overall, these companies are investing in microservices technology to improve healthcare outcomes, enhance interoperability, and reduce costs for healthcare organizations. This will further result in the healthcare market of the United States to grow exponentially. Google Cloud has also been investing in the healthcare sector, with a focus on using microservices architecture to improve interoperability between different healthcare systems. In 2020, Google Cloud announced a partnership with the healthcare IT company Virtusa to develop healthcare solutions using microservices.

Global Microservices In Healthcare Market Scope:

Market Segmentation:

• 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
    • Others
  • Asia Pacific
    • China
    • India
    • South Korea
    • Taiwan
    • Thailand
    • Indonesia
    • Japan
    • 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.