NLP in Healthcare and Life Sciences Market

NLP in Healthcare and Life Sciences Market worth $7.2 billion by 2027

According to a research report "NLP in Healthcare and Life Sciences Market by Component (Solutions and Services), NLP Type (Statistical, Hybrid), NLP Technique (IVR, OCR), Application (Clinical Trail Matching, Drug Discovery), End Users and Region - Global Forecast to 2027" published by MarketsandMarkets, the NLP in healthcare and life sciences market size to grow from USD 2.2 billion in 2022 to USD 7.2 billion by 2027, at a Compound Annual Growth Rate (CAGR) of 27.1% during the forecast period. Various factors such as increasing demand of analyzing and extracting insights from narrative text and huge amount of clinical data, and the evolution of cognitive computing to fuel the demand for NLP solutions for precision medicine applications are expected to drive the adoption of NLP solutions in healthcare and life sciences market.

Browse 432 market data Tables and 65 Figures spread through 347 Pages and in-depth TOC on "NLP in Healthcare and Life Sciences Market by Component (Solutions and Services), NLP Type (Statistical, Hybrid), NLP Technique (IVR, OCR), Application (Clinical Trail Matching, Drug Discovery), End Users and Region - Global Forecast to 2027"
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/healthcare-lifesciences-nlp-market-131821021.html

According to Lexalytics, NLP is a computing technique that analyzes text to determine its meaning, enabling computer applications that can communicate effectively with humans. Healthcare providers, pharmaceutical companies, and biotechnology firms all use text analytics and NLP technology to improve patient outcomes, streamline operations, and manage regulatory compliances.

Automated Registry Reporting segment to register the highest CAGR during the forecast period

The segmentation of the NLP in healthcare and life sciences market by the application segment includes sentiment analysis, drug discovery, clinical trial matching, dictation & EMR implications, automated registry reporting, AI chatbots & virtual scribe, and other applications (review management, question answering, spell correction, and email filtration). The automated registry reporting segment is developing rapidly due to many major technological advancements resulting in enhancing the efficiency of the overall industry. Health systems will need to recognize when an ejection percent is recorded as part of a note and preserve each number in a format that can be used by the organization’s analytics platform for automated registry reporting to implement automated reporting.

Large Enterprises segment to register for the highest market size during the forecast period

Based on organization size, the NLP in healthcare and life sciences market is segmented into large enterprises and SMEs. Currently, the market share of large enterprises is higher; however, the market for SMEs is expected to increase at a higher CAGR during the forecast period. These organizations generate a large volume of data, which must be implemented in their work through collaboration among different teams. The data generated from these large enterprises can then be stored at a lower cost without compromising safety and agility through NLP solutions.

APAC to have a higher CAGR during the forecast period

The NLP in healthcare and life sciences market has been segmented into five major regions: North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. Asia Pacific is expected to have the highest CAGR during the forecast period. The region is growing at a good pace because of the major multinational players coming over and a lot of new entrepreneur setups are adopting cloud-based NLP solutions, as using these solutions healthcare and life sciences firms harness the relevant insights and concepts from the clinical data that was previously considered buried in the text form. China, Japan, and India are displaying ample growth opportunities in the NLP in healthcare and life sciences market.

Some major players in the NLP in healthcare and life sciences market include IBM (US), Microsoft (US), Google (US), AWS (US), IQVIA (US), Oracle (US), Inovalon(US), Dolbey (US), Averbis (Germany), SAS Institute (US), Press Ganey (US), Ellipsis Health (US), Health Fidelity (US), Centene (US), Caption Health (US), Clinithink (US), HPE (US), Oncora Medical (US), Flatiron Health (US), Apixio (US), Forsee Medical (US), Gnani.ai (India), Notable (US), Biofourmis (US), Suki (US), Wave Health Technologies (US), Corti (Denmark), CloudMedx (US), MedlnReal (US), Emtelligent (US).

Don’t miss out on business opportunities in NLP in Healthcare and Life Sciences Market. Speak to our analyst and gain crucial industry insights that will help your business grow.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
[email protected]

NLP in Healthcare and Life Sciences Market Size,  Share & Growth Report
Report Code
TC 3660
PR Published ON
9/2/2022
Choose License Type
BUY NOW
ADJACENT MARKETS
REQUEST BUNDLE REPORTS
  • SHARE
X
Request Customization
Speak to Analyst
Speak to Analyst
OR FACE-TO-FACE MEETING
PERSONALIZE THIS RESEARCH
  • Triangulate with your Own Data
  • Get Data as per your Format and Definition
  • Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
  • Any level of Personalization
REQUEST A FREE CUSTOMIZATION
LET US HELP YOU!
  • What are the Known and Unknown Adjacencies Impacting the NLP in Healthcare and Life Sciences Market
  • What will your New Revenue Sources be?
  • Who will be your Top Customer; what will make them switch?
  • Defend your Market Share or Win Competitors
  • Get a Scorecard for Target Partners
CUSTOMIZED WORKSHOP REQUEST
+1-888-600-6441
  • Call Us
  • +1-888-600-6441 (Corporate office hours)
  • +1-888-600-6441 (US/Can toll free)
  • +44-800-368-9399 (UK office hours)
CONNECT WITH US
ABOUT TRUST ONLINE
©2023 MarketsandMarkets Research Private Ltd. All rights reserved
DMCA.com Protection Status
...

Digital Virtual Assistant - MarketsandMarkets

Home