Over the course of the projection period, the global market for NLP in Healthcare & Life Sciences is expected to increase at a CAGR of 34.4%, from USD 2.7 billion in 2023 to USD 11.8 billion by 2028. The increasing use of electronic health records (EHRs) is a significant factor that boost the growth of NLP in Healthcare & Life sciences. These digitized records contain a wealth of information that harnessed through NLP techniques for various purposes such as improved diagnostics, personalized care, and efficient data management. The advancements in AI and machine learning play a pivotal role by enabling more sophisticated NLP applications, making it easier to extract valuable insights from vast amounts of healthcare data. Additionally, the growing recognition of NLP's potential to enhance healthcare outcomes and meet the demands for personalized medicine and patient-centric care further accelerates its adoption.
The NLP in Healthcare & Life Sciences market is poised for substantial growth in the coming years, driven by several key factors:
These growth factors highlight the dynamic and evolving nature of the NLP in Healthcare & Life Sciences market, driven by the need for improved data processing, efficient clinical documentation, and enhanced patient care.
To know about the assumptions considered for the study download the pdf brochure
Increasing Adoption of AI in Healthcare:
Rising Demand for Efficient Clinical Documentation:
Advancements in Machine Learning and NLP Technologies:
Growing Need for Predictive Analytics:
Enhanced Focus on Patient Care and Outcomes:
NLP in Healthcare & Life Sciences Market Share - Global Industry Landscape
The NLP in Healthcare & Life Sciences market is characterized by the presence of several key players competing for market share. Some of the leading companies in the NLP in Healthcare & Life Sciences industry include:
These companies are influential in the NLP in Healthcare & Life Sciences market, offering diverse solutions that enhance data processing, clinical documentation, and patient care.
IQVIA (US)
Market Share: IQVIA is a leading player in the NLP in Healthcare & Life Sciences market, known for its comprehensive healthcare analytics and technology solutions.
Key Offerings:
Oracle Corporation (US)
Market Share: Oracle holds a significant position in the NLP in Healthcare & Life Sciences market, leveraging its robust cloud and AI capabilities.
Key Offerings:
Inovalon (US)
Market Share: Inovalon has a robust presence in the NLP in Healthcare & Life Sciences market, focusing on data-driven healthcare solutions.
Key Offerings:
Dolbey and Company (US)
Market Share: Dolbey and Company is a key player in the NLP in Healthcare & Life Sciences market, specializing in clinical documentation solutions.
Key Offerings:
Averbis (Germany)
Market Share: Averbis is a significant player in the NLP in Healthcare & Life Sciences market, known for its innovative text analytics solutions.
Key Offerings:
Related Reports:
NLP in Healthcare & Life Sciences Market by Offering, NLP Type (Statistical, Neural), NLP Technique (Sentiment Analysis, Topic Modeling), Application (Clinical Trial Matching, Clinical Decision Support), End User and Region - Global Forecast to 2028
This FREE sample includes market data points, ranging from trend analyses to market estimates & forecasts. See for yourself.
SEND ME A FREE SAMPLE