As the API economy continues to grow and the hubris around the opening of banking becomes deafening, this debate provides the backdrop to a dialogue increasingly characterised by the avid interest of government and industry bodies. This need appears to derive from a number of goals.
Transparency Market Research has issued a prediction that the healthcare API market will reach $243 million by the year 2024. However, it also said the size of the same market was $162M in 2015 (after the first decade of the API economy) which means only 50% decade over decade growth.
Electronic health records management policy makers in the United States want to see APIs become a mandatory standard. But several leadership voices in the healthcare and IT industry, including Dr John Halamka from the Beth Israel Medical Center, say it is too early for APIs to take a central role.