Global Microservices in Healthcare Market, June 2021 Report On SWOT Analysis, Size, Share, Growth Rate, Application, Types, Future Demand, Business Opportunity, Key Indicators, and Forecast 2030

In a recently published report, Global Microservices in Healthcare Market report for till 2030. The report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to regain 25% by the end of 2021- Positive Growth in the economic demand and supply.

U S Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analysis and U.S. Census Bureau mention the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) average exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilst imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Global Microservices in Healthcare Market products.

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Moreover, increasing expenditure on healthcare, backed by the need amongst individuals for quality healthcare services, is also anticipated to contribute to the market growth. According to the statistics by the World Bank, the current health expenditure (% of GDP) around the world increased from 9.08% in 2001 to 9.84% in 2018. Additionally, the current health expenditure per capita (current US$) increased from USD 492.99 in 2001 to USD 1110.84 in 2018.

Global Microservices in Healthcare Market valued approximately USD 106.7 million in 2017 is anticipated to grow with a healthy growth rate of more than 21.5% over the forecast period 2018-2025. The Microservices in Healthcare is developing and expanding at a significant pace. In the current scenario, many benefits of microservices help in reducing the complexity of process & necessity of enhanced functionality of healthcare services are paving the way to the significant expansion of the global microservices in healthcare market. The constant adoption of advanced technology along with surging dependency on cloud-based services for process management are some of the key factors which are propelling the development & growth of the global microservices in healthcare market.
On the basis of segmentation,

The Microservices in Healthcare market is segmented into Deployment Model, Component and End Users. The Component segment is classified into Platforms and Services. The Platform segment is anticipated to account for the dominant share considering the development and growth of microservices in Healthcare market. This dominance could be attributed to escalating need for cloud microservice for assembling function at a very granular level for the precise & effective system optimization & integration. Based On Deployment Model, The market is classified into On-Premise Model and Cloud Based Model. The Cloud based Model segment is anticipated to hold the dominant share of the microservices in Healthcare sector in 2018. The Cloud Based microservices are sold on the basis of subscriptions that ranges beginning from one month to multiple years. They do not require any setup charges due to which many number of healthcare payers, organizations and providers are opting for cloud based organizations.

Moreover, on the basis of end user, the microservices in healthcare market is segmented into healthcare providers, healthcare payers, clinical laboratories and life science organizations. The healthcare providers segment is anticipated to hold the dominant share owing to rising government initiatives which help the providers in gaining incentives considering the adoption of electronic health records & the implementation of connectivity solutions and integration fueling the adoption of microservices architecture solutions among the healthcare providers.
The regional analysis of Global Microservices in Healthcare Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America region is anticipated to hold the dominant share considering the development and growth of microservices in healthcare market. The largest share of North America region considering the global microservices in healthcare market is owing to the rising focus on refining the overall efficiency of healthcare organizations along with greater product and service availability in the North America.

The leading market players mainly include-
 Amazon Web Services, Inc
 CA Technologies
 Microsoft Corporation
 SalesForce.com, Inc
 Infosys
 IBM Corporation
 Oracle Corporation
 Syntel
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Component:

 Platforms
 Services
By Deployment Model:

 Cloud Based Model
 On-Premise Model
By End User:

 Healthcare Providers
 Healthcare Payers
 Life Science Organizations
 Clinical Laboratories

By Regions:
 North America
o U.S.
o Canada
 Europe
o UK
o Germany
 Asia Pacific
o China
o India
o Japan
 Latin America
o Brazil
o Mexico
 Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2015, 2016
Base year – 2017
Forecast period – 2018 to 2025

Target Audience of the Global Microservices in Healthcare Market in Market Study:

 Key Consulting Companies & Advisors
 Large, medium-sized, and small enterprises
 Venture capitalists
 Value-Added Resellers (VARs)
 Third-party knowledge providers
 Investment bankers
 Investors

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The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:

  • North America (U.S. & Canada) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Market Players Analysis & Opportunity Outlook
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth Market Players Analys  & Opportunity Outlook
  • Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Market Players Analysis & Opportunity Outlook
  •  Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth Market Players Analysis & Opportunity Outlook

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