NLP in Healthcare and Life Sciences Market Size by Type (Statistical, Rule-based and Hybrid), By Component (Technology and Services), By Deployment Mode (Cloud and On-premises), By Application (Machine Translation, Question Answering, Automated Information Extraction, Email Filtering, Report Generation, Spelling Correction and Predictive Risk Analytics), By Region (North America, Europe, Asia-Pacific, Rest of the World), Market Analysis Report, Forecast 2023-2028
The NLP in Healthcare and Life Sciences Market is expected to be around US$ 6 Billion by 2028 at a CAGR of 19% in the given forecast period.
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Major Players
Study period:
Fastest Growing Market:
2023-2028
APAC
Base Year:
Largest Market:
2022
North America
CAGR:
19
REPORT DESCRIPTION
The NLP in Healthcare and Life Sciences Market is expected to be around US$ 6 Billion by 2028 at a CAGR of 19% in the given forecast period.
With the advancement in healthcare technology and development of various connected devices, such as wearable devices, mobile phones and other medical devices, the usage of these connected devices over the years has observed an increase in the healthcare industry. The rising trend of utilization of connected devices for healthcare systems, along with the factors such as the increasing trend of digitalization and the increasing IT infrastructure across the world which provides data driven solutions to the healthcare industry and the potentiality of natural language processing in the healthcare sector due to the various benefits associated to the technology are few of the factors projected to catalyze the growth of the global NLP in healthcare and life sciences market.
The global NLP in Healthcare and Life Sciences market is segregated on the basis of Type as Statistical, Rule-based and Hybrid. Based on Component the global NLP in Healthcare and Life Sciences market is segmented in Technology and Services. Based on Deployment Mode the global NLP in Healthcare and Life Sciences market is segmented in Cloud and On-premises.
Based on Application, the global NLP in Healthcare and Life Sciences market is segmented in Machine Translation, Question Answering, Automated Information Extraction, Email Filtering, Report Generation, Spelling Correction and Predictive Risk Analytics.
The global NLP in Healthcare and Life Sciences market report provides geographic analysis covering regions, such as North America, Europe, Asia-Pacific, and Rest of the World. The NLP in Healthcare and Life Sciences market for each region is further segmented for major countries including the U.S., Canada, Germany, the U.K., France, Italy, China, India, Japan, Brazil, South Africa, and others.
Competitive Rivalry
3M, Amazon Web Services Inc., Apixio Inc., Averbis, Cerner Corporation, Clinithink, Conversica Inc., Dolby Systems Inc., Google LLC, Health Fidelty Inc., IBM, Inovalon, Lexlytics, Linguamantics, Microsoft, Narrative Science, and others are among the major players in the global NLP in Healthcare and Life Sciences market. The companies are involved in several growth and expansion strategies to gain a competitive advantage. Industry participants also follow value chain integration with business operations in multiple stages of the value chain.
The NLP in Healthcare and Life Sciences Market has been segmented as below:
NLP in Healthcare and Life Sciences Market, By Type
NLP in Healthcare and Life Sciences Market, By Component
NLP in Healthcare and Life Sciences Market, By Deployment Mode
NLP in Healthcare and Life Sciences Market, By Application
NLP in Healthcare and Life Sciences Market, By Region
NLP in Healthcare and Life Sciences Market, By Company
The report covers:
Report Scope:
The global NLP in Healthcare and Life Sciences market report scope includes detailed study covering underlying factors influencing the industry trends. The report covers analysis on regional and country level market dynamics. The scope also covers competitive overview providing company market shares along with company profiles for major revenue contributing companies. The report scope includes detailed competitive outlook covering market shares and profiles key participants in the global NLP in Healthcare and Life Sciences market share. Major industry players with significant revenue share include 3M, Amazon Web Services Inc., Apixio Inc., Averbis, Cerner Corporation, Clinithink, Conversica Inc., Dolby Systems Inc., Google LLC, Health Fidelty Inc., IBM, Inovalon, Lexlytics, Linguamantics, Microsoft, Narrative Science, and others.
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1. Introduction
1.1. Key Points
1.2. Report Description
1.3. Markets Covered
1.4. Stakeholders
2. Research Methodology
2.1. Research Scope
2.2. Market Research Process
2.3. Research Data Analysis
2.3.1.1. Secondary Research
2.3.1.2. Primary Research
2.3.1.3. Models for Estimation
2.4. Market Size Estimation
2.4.1. Bottom-Up Approach- Segmental Market Analysis
2.4.2. Top-Down Approach- Parent Market Analysis
3. Executive Summary
4. Market Overview
4.1. Introduction
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. Porter's Five Force Analysis
5. NLP in Healthcare and Life Sciences Market, By Type
5.1. Introduction
5.2. Statistical
5.2.1. Market Overview
5.2.2. Market Size and Forecast
5.3. Rule-based
5.3.1. Market Overview
5.3.2. Market Size and Forecast
5.4. Hybrid
5.4.1. Market Overview
5.4.2. Market Size and Forecast
6. NLP in Healthcare and Life Sciences Market, By Component
6.1. Introduction
6.2. Technology
6.2.1. Market Overview
6.2.2. Market Size and Forecast
6.3. Services
6.3.1. Market Overview
6.3.2. Market Size and Forecast
7. NLP in Healthcare and Life Sciences Market, By Deployment Mode
7.1. Introduction
7.2. Cloud
7.2.1. Market Overview
7.2.2. Market Size and Forecast
7.3. On-premises
7.3.1. Market Overview
7.3.2. Market Size and Forecast
8. NLP in Healthcare and Life Sciences Market, By Application
8.1. Introduction
8.2. Machine Translation
8.2.1. Market Overview
8.2.2. Market Size and Forecast
8.3. Question Answering
8.3.1. Market Overview
8.3.2. Market Size and Forecast
8.4. Automated Information Extraction
8.4.1. Market Overview
8.4.2. Market Size and Forecast
8.5. Email Filtering
8.5.1. Market Overview
8.5.2. Market Size and Forecast
8.6. Report Generation
8.6.1. Market Overview
8.6.2. Market Size and Forecast
8.7. Spelling Correction
8.7.1. Market Overview
8.7.2. Market Size and Forecast
8.8. Predictive Risk Analytics
8.8.1. Market Overview
8.8.2. Market Size and Forecast
9. NLP in Healthcare and Life Sciences Market, By Geography
9.1. Introduction
9.2. North America
9.2.1. North America NLP in Healthcare and Life Sciences, By Type
9.2.2. North America NLP in Healthcare and Life Sciences, By Component
9.2.3. North America NLP in Healthcare and Life Sciences, By Deployment Mode
9.2.4. North America NLP in Healthcare and Life Sciences, By Application
9.3. Europe
9.3.1. Europe NLP in Healthcare and Life Sciences, By Type
9.3.2. Europe NLP in Healthcare and Life Sciences, By Component
9.3.3. Europe NLP in Healthcare and Life Sciences, By Deployment Mode
9.3.4. Europe NLP in Healthcare and Life Sciences, By Application
9.4. Asia-Pacific
9.4.1. Asia-Pacific NLP in Healthcare and Life Sciences, By Type
9.4.2. Asia-Pacific NLP in Healthcare and Life Sciences, By Component
9.4.3. Asia-Pacific NLP in Healthcare and Life Sciences, By Deployment Mode
9.4.4. Asia-Pacific NLP in Healthcare and Life Sciences, By Application
9.5. Rest of the World
9.5.1. Rest of the World NLP in Healthcare and Life Sciences, By Type
9.5.2. Rest of the World NLP in Healthcare and Life Sciences, By Component
9.5.3. Rest of the World NLP in Healthcare and Life Sciences, By Deployment Mode
9.5.4. Rest of the World NLP in Healthcare and Life Sciences, By Application
10. Competitive Insights
10.1. Key Insights
10.2. Company Market Share Analysis
10.3. Strategic Outlook
10.3.1. Mergers & Acquisitions
10.3.2. New Product Developments
10.3.3. Portfolio/Production Capacity Expansions
10.3.4. Joint Ventures, Collaborations, Partnerships & Agreements
10.3.5. Others
11. Company Profiles
11.1. 3M
11.1.1. Company Overview
11.1.2. Product/Service Landscape
11.1.3. Financial Overview
11.1.4. Recent Developments
11.2. Amazon Web Services Inc.
11.2.1. Company Overview
11.2.2. Product/Service Landscape
11.2.3. Financial Overview
11.2.4. Recent Developments
11.3. Apixio Inc.
11.3.1. Company Overview
11.3.2. Product/Service Landscape
11.3.3. Financial Overview
11.3.4. Recent Developments
11.4. Averbis
11.4.1. Company Overview
11.4.2. Product/Service Landscape
11.4.3. Financial Overview
11.4.4. Recent Developments
11.5. Cerner Corporation
11.5.1. Company Overview
11.5.2. Product/Service Landscape
11.5.3. Financial Overview
11.5.4. Recent Developments
11.6. Clinithink
11.6.1. Company Overview
11.6.2. Product/Service Landscape
11.6.3. Financial Overview
11.6.4. Recent Developments
11.7. Conversica Inc.
11.7.1. Company Overview
11.7.2. Product/Service Landscape
11.7.3. Financial Overview
11.7.4. Recent Developments
11.8. Dolby Systems Inc.
11.8.1. Company Overview
11.8.2. Product/Service Landscape
11.8.3. Financial Overview
11.8.4. Recent Developments
11.9. Google LLC
11.9.1. Company Overview
11.9.2. Product/Service Landscape
11.9.3. Financial Overview
11.9.4. Recent Developments
11.10. Health Fidelty Inc.
11.10.1. Company Overview
11.10.2. Product/Service Landscape
11.10.3. Financial Overview
11.10.4. Recent Developments
11.11. IBM
11.11.1. Company Overview
11.11.2. Product/Service Landscape
11.11.3. Financial Overview
11.11.4. Recent Developments
11.12. Inovalon
11.12.1. Company Overview
11.12.2. Product/Service Landscape
11.12.3. Financial Overview
11.12.4. Recent Developments
11.13. Lexlytics
11.13.1. Company Overview
11.13.2. Product/Service Landscape
11.13.3. Financial Overview
11.13.4. Recent Developments
11.14. Linguamantics
11.14.1. Company Overview
11.14.2. Product/Service Landscape
11.14.3. Financial Overview
11.14.4. Recent Developments
11.15. Microsoft
11.15.1. Company Overview
11.15.2. Product/Service Landscape
11.15.3. Financial Overview
11.15.4. Recent Developments
11.16. Narrative Science
11.16.1. Company Overview
11.16.2. Product/Service Landscape
11.16.3. Financial Overview
11.16.4. Recent Developments
The NLP in Healthcare and Life Sciences Market has been segmented as below:
NLP in Healthcare and Life Sciences Market, By Type
NLP in Healthcare and Life Sciences Market, By Component
NLP in Healthcare and Life Sciences Market, By Deployment Mode
NLP in Healthcare and Life Sciences Market, By Application
NLP in Healthcare and Life Sciences Market, By Region
NLP in Healthcare and Life Sciences Market, By Company
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