PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1358044
PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1358044
Natural Language Processing in Healthcare and Life Sciences Market, By Component Type (Technology, and Services), By Application, By Deployment Mode, and By Region
The global natural language processing (NLP) in healthcare and life sciences market is estimated to be valued at US$ 4.98 Billion in 2023 and is expected to exhibit a CAGR of 30.5% during the forecast period (2023-2030).
| Report Coverage | Report Details | ||
|---|---|---|---|
| Base Year: | 2022 | Market Size in 2023: | US$ 4.98 Bn |
| Historical Data for: | 2018 to 2021 | Forecast Period: | 2023 - 2030 |
| Forecast Period 2023 to 2030 CAGR: | 30.50% | 2030 Value Projection: | US$ 32.14 Bn |
Natural language processing (NLP) is a branch of machine learning (ML) that primarily aims to reduce the distance between human and machine capabilities. Natural Language Proessing (NLP) focus on designing and building applications and systems in a way that allows an easy intersection between computers and natural languages developed for human use. NLP has been used in several areas within artificial intelligence (AI) and data processing applications such as social media, translation, summarization, and medical applications. In fact, in the last decades, it has been exhaustively used in current technology to support spam email privacy, personal voice assistants language, translation applications, and big data management. The analysis of medical data, such as patient reports, doctor notes, patient demography details, lab test results, and previous medical history can be effectively examined through NLP. It can improve treatment and patient service at a reasonable cost and time. NLP helps train a machine to convert unstructured data into structured and can suggest a decision in the diagnosis process.
Market Dynamics
The key market players operating in the market are focused on signing inorganic growth strategies such as partnerships, collaboration with market players, developing new platforms, and increasing use of NLP platforms, which is expected to drive growth of the global natural language processing (NLP) in healthcare and life sciences market over the forecast period. For example, natural language processing (NLP) is the ability of a computer program to understand human language as it is spoken and written -- referred to as natural language. It is a component of artificial intelligence (AI). NLP enables computers to understand natural language as humans do. Whether the language is spoken or written, natural language processing uses artificial intelligence to take real-world input, process it, and make sense of it in a way a computer can understand. Just as humans have different sensors, such as ears to hear and eyes to see, computers have programs to read and microphones to collect audio.
Key features of the study:
- This report provides an in-depth analysis of the global natural language processing (NLP) in healthcare and life sciences market and provides market size (US$ Bn) and compound annual growth rate (CAGR) for the forecast period (2023-2030), considering 2022 as the base year.
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market.
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players.
- It profiles key players in the global natural language processing (NLP) in healthcare and life sciences market based on the following parameters- company highlights, products portfolio, key highlights, financial performance, and strategies.
- Key companies covered as a part of this study include 3M, Cerner Corporation, IBM Corporation, Microsoft Corporation, Health Fidelity, Inc., IQVIA Holdings Inc., Dolbey Systems, Inc., Centene Corporation, Alphabet Inc., Nexocode, Averbis GmbH, Clinithink, Wave Health Technologies, Inovalon, Lexalytics, Conversica Inc., SparkCognition, and Hewlett Packard Enterprise Development LP.
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
- Global natural language processing (NLP) in healthcare and life sciences market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global natural language processing (NLP) in healthcare and life sciences market.
Detailed Segmentation:
- By Component Type:
- Interactive Voice Response
- Optical Character Recognition
- Pattern and Image Recognition
- Auto Coding
- Text Analytics
- Speech Analytics
- Technology
- Services
- By Application:
- Drug Discovery
- EHRs
- Clinical Trial Analytics
- Adverse Event Reporting
- Others
- By Deployment Mode:
- On-premise
- Cloud
- By Region:
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East
- Africa
- Company Profiles
- 3M
- Cerner Corporation
- IBM Corporation
- Microsoft Corporation
- Health Fidelity, Inc.
- IQVIA Holdings Inc.
- Dolbey Systems, Inc.
- Centene Corporation
- Alphabet Inc.
- Nexocode
- Averbis GmbH
- Clinithink
- Wave Health Technologies
- Inovalon
- Lexalytics
- SparkCognition
- Hewlett Packard Enterprise Development LP.
Table of Contents
1. Research Objective and Assumption
- Research Objectives
- Assumptions
- Abbreviations
2. Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snippet, By Component Type
- Market Snippet, By Application
- Market Snippet, By Deployment Mode
- Market Snippet, By Region
- Coherent Opportunity Map (COM)
3. Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Mergers, Acquisitions, and Collaborations
- Regulatory Scenario
- Industry Trends
- Key Development/ Technological Advancements
- PORTER's Analysis
- PEST Analysis
4. Global Natural Language Processing (NLP) in Healthcare and Life Sciences Market - COVID-19 Impact Analysis
- Economic Impact
- COVID-19 Epidemiology
- Supply Side and Demand Side Analysis
5. Global Natural Language Processing (NLP) in Healthcare and Life Sciences Market, By Component Type, 2018- 2030, (US$ Bn)
- Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2018-2030
- Segment Trends
- Technology
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Bn)
- Segment Trends
- Interactive Voice Response
- Optical Character Recognition
- Pattern and Image Recognition
- Auto Coding
- Text Analytics
- Speech Analytics
- Services
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018 - 2030, (US$ Bn)
- Segment Trends
6. Global Natural Language Processing (NLP) in Healthcare and Life Sciences Market, By Application, 2018 - 2030, (US$ Bn)
- Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2018-2030
- Segment Trends
- Drug Discovery
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018 - 2030, (US$ Bn)
- Segment Trends
- EHRs
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018 - 2030, (US$ Bn)
- Segment Trends
- Clinical Trial Analytics
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018 - 2030, (US$ Bn)
- Segment Trends
- Adverse Event Reporting
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018 - 2030, (US$ Bn)
- Segment Trends
- Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018 - 2030, (US$ Bn)
- Segment Trends
7. Global Natural Language Processing (NLP) in Healthcare and Life Sciences Market, By Deployment Mode, 2018 - 2030, (US$ Bn)
- Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2018-2030
- Segment Trends
- On-premise
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018 - 2030, (US$ Bn)
- Cloud
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018 - 2030, (US$ Bn)
8. Global Natural Language Processing (NLP) in Healthcare and Life Sciences Market, By Region, 2018 - 2030, (US$ Bn)
- Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2018-2030
- Segment Trends
- North America
- Market Size and Forecast,Y-o-Y Growth, By Component Type, 2018 -2030, (US$ Bn)
- Market Size and Forecast, Y-o-Y Growth, By Application, 2018 -2030, (US$ Bn)
- Market Size and Forecast,Y-o-Y Growth, By Deployment Mode, 2018-2030, (US$ Bn)
- Market Size and Forecast, By Country, Y-o-Y Growth, By Country, 2018 -2030, (US$ Bn)
- U.S.
- Canada
- Europe
- Market Size and Forecast,Y-o-Y Growth, By Component Type, 2018 -2030, (US$ Bn)
- Market Size and Forecast, Y-o-Y Growth, By Application, 2018 -2030, (US$ Bn)
- Market Size and Forecast,Y-o-Y Growth, By Deployment Mode, 2018-2030, (US$ Bn)
- Market Size and Forecast, By Country, Y-o-Y Growth, By Country, 2018 -2030, (US$ Bn)
- U.K.
- Germany
- Italy
- France
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- Market Size and Forecast,Y-o-Y Growth, By Component Type, 2018 -2030, (US$ Bn)
- Market Size and Forecast, Y-o-Y Growth, By Application, 2018 -2030, (US$ Bn)
- Market Size and Forecast,Y-o-Y Growth, By Deployment Mode, 2018-2030, (US$ Bn)
- Market Size and Forecast, By Country, Y-o-Y Growth, By Country, 2018 -2030, (US$ Bn)
- China
- India
- Japan
- ASEAN
- Australia
- South Korea
- Rest of Asia Pacific
- Latin America
- Market Size and Forecast,Y-o-Y Growth, By Component Type, 2018 -2030, (US$ Bn)
- Market Size and Forecast, Y-o-Y Growth, By Application, 2018 -2030, (US$ Bn)
- Market Size and Forecast,Y-o-Y Growth, By Deployment Mode, 2018-2030, (US$ Bn)
- Market Size and Forecast, By Country, Y-o-Y Growth, By Country, 2018 -2030, (US$ Bn)
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- Middle East
- Market Size and Forecast,Y-o-Y Growth, By Component Type, 2018 -2030, (US$ Bn)
- Market Size and Forecast, Y-o-Y Growth, By Application, 2018 -2030, (US$ Bn)
- Market Size and Forecast,Y-o-Y Growth, By Deployment Mode, 2018-2030, (US$ Bn)
- Market Size and Forecast, By Country, Y-o-Y Growth, By Country, 2018 -2030, (US$ Bn)
- GCC
- Israel
- Rest of Middle East
- Africa
- Market Size and Forecast,Y-o-Y Growth, By Component Type, 2018 -2030, (US$ Bn)
- Market Size and Forecast, Y-o-Y Growth, By Application, 2018 -2030, (US$ Bn)
- Market Size and Forecast,Y-o-Y Growth, By Deployment Mode, 2018-2030, (US$ Bn)
- Market Size and Forecast, By Country, Y-o-Y Growth, By Country/Region, 2018 -2030, (US$ Bn)
- North Africa
- Central Africa
- South Africa
9. Competitive Landscape
- Company Profiles
- 3M
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Strategies
- Cerner Corporation
- IBM Corporation
- Microsoft Corporation
- Health Fidelity, Inc.
- IQVIA Holdings Inc.
- Dolbey Systems, Inc.
- Centene Corporation
- Alphabet Inc.
- Nexocode
- Averbis GmbH
- Clinithink
- Wave Health Technologies
- Inovalon
- Lexalytics
- Conversica Inc.
- SparkCognition
- Hewlett Packard Enterprise Development LP
- Analysts' Views
10. Section
- References
- Research Methodology
- About us and Sales Contact
