
Natural Language Processing (NLP) in Healthcare and Life Sciences Market Size & Share to 2027
Description
Natural Language Processing (NLP) in Healthcare and Life Sciences Market Size & Share to 2027
Natural Language Processing (NLP) in Healthcare and Life Sciences Market Size, Trends & Growth Opportunity, By Type (Statistical, Rule-Based, and Hybrid), By Component (Technology, and Services (Managed Services, Professional Services, Support & Maintenance Services, and Consulting Services)),By Deployment type (Cloud & On Premise), By Application, By Region and Forecast till 2027
Natural Language Processing (NLP) in Healthcare and Life Sciences Market
Natural processing language processing (NLP) platform is used in the specific areas of healthcare and life sciences sector which includes clinical documentation, electrical health records, risk management. This platform helps both consumer and service provider to easy workflow. Rise in adoption of digital technology in healthcare industry and customer preference for better healthcare services is expected to boost the market growth over the forecast Period.
Market Drivers
Rise in data operations and use of smart devices is expected to propel the natural language processing (NLP) in healthcare and life sciences market growth. Healthcare and life sciences sector generates large amount of data that is driven by compliance and regulatory requirements, patient care, and record keeping. Increase in trend of digitalization and data driven solutions to improve healthcare delivery system is expected to fuel the market growth. Therefore, increase data driven operations and decision making is major driving factor which is expected to drive the market growth. Moreover, many physicians prefer voice notes instead of handwritten of typed ones. Therefore natural language processing platform can be used to easily interpret speech and update patient records.
Market Restraints
Natural language processing (NLP) platform implementation is a major challenge in healthcare and life sciences industry, which is expected to hinder the market growth during this forecast timeline. There are many countries across the globe where healthcare facilities have very little access for general population. Also, lack of healthcare expenditure will hamper the growth of global natural language processing in healthcare and life sciences market.
Market Segmentation
Natural Language Processing (NLP) in Healthcare and Life Sciences Market is segmented into type such as Statistical, Rule-Based, and Hybrid, by component such as Technology, and Services (Managed Services, Professional Services, Support & Maintenance Services, and Consulting Services), by deployment type such as Cloud, and On-Premises. Further, market is segmented into application such as Machine Translation, Question Answering, Automated Information Extraction, Email Filtering, Spelling Correction, and Predictive Risk Analytics.
Also, Natural Language Processing (NLP) in Healthcare and Life Sciences Market is segmented various regions including North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
Market Key Players
Some of the key players operating in the Natural Language Processing (NLP) in Healthcare and Life Sciences Market report including 3M, MICROSOFT, CERNER, DOLBEY, NUANCE, IBM, APIXIO, AVERBIS, AWS, GOOGLE
Market Taxonomy
By Type
Professional Services
Support & Maintenance Services
Consulting Services
By Deployment Type
Natural Language Processing (NLP) in Healthcare and Life Sciences Market Size, Trends & Growth Opportunity, By Type (Statistical, Rule-Based, and Hybrid), By Component (Technology, and Services (Managed Services, Professional Services, Support & Maintenance Services, and Consulting Services)),By Deployment type (Cloud & On Premise), By Application, By Region and Forecast till 2027
Natural Language Processing (NLP) in Healthcare and Life Sciences Market
Natural processing language processing (NLP) platform is used in the specific areas of healthcare and life sciences sector which includes clinical documentation, electrical health records, risk management. This platform helps both consumer and service provider to easy workflow. Rise in adoption of digital technology in healthcare industry and customer preference for better healthcare services is expected to boost the market growth over the forecast Period.
Market Drivers
Rise in data operations and use of smart devices is expected to propel the natural language processing (NLP) in healthcare and life sciences market growth. Healthcare and life sciences sector generates large amount of data that is driven by compliance and regulatory requirements, patient care, and record keeping. Increase in trend of digitalization and data driven solutions to improve healthcare delivery system is expected to fuel the market growth. Therefore, increase data driven operations and decision making is major driving factor which is expected to drive the market growth. Moreover, many physicians prefer voice notes instead of handwritten of typed ones. Therefore natural language processing platform can be used to easily interpret speech and update patient records.
Market Restraints
Natural language processing (NLP) platform implementation is a major challenge in healthcare and life sciences industry, which is expected to hinder the market growth during this forecast timeline. There are many countries across the globe where healthcare facilities have very little access for general population. Also, lack of healthcare expenditure will hamper the growth of global natural language processing in healthcare and life sciences market.
Market Segmentation
Natural Language Processing (NLP) in Healthcare and Life Sciences Market is segmented into type such as Statistical, Rule-Based, and Hybrid, by component such as Technology, and Services (Managed Services, Professional Services, Support & Maintenance Services, and Consulting Services), by deployment type such as Cloud, and On-Premises. Further, market is segmented into application such as Machine Translation, Question Answering, Automated Information Extraction, Email Filtering, Spelling Correction, and Predictive Risk Analytics.
Also, Natural Language Processing (NLP) in Healthcare and Life Sciences Market is segmented various regions including North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
Market Key Players
Some of the key players operating in the Natural Language Processing (NLP) in Healthcare and Life Sciences Market report including 3M, MICROSOFT, CERNER, DOLBEY, NUANCE, IBM, APIXIO, AVERBIS, AWS, GOOGLE
Market Taxonomy
By Type
- Statistical
- Rule-Based
- Hybrid
- Technology
- Services
Professional Services
Support & Maintenance Services
Consulting Services
By Deployment Type
- Cloud
- On-Premises
- Machine Translation
- Question Answering
- Automated Information Extraction
- Email Filtering
- Spelling Correction
- Predictive Risk Analytics
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa
- What are the Key Opportunities in Natural Language Processing (NLP) in Healthcare and Life Sciences Market?
- What will be the growth rate from 2019 to 2027?
- Which segment/region will have highest growth?
- What are the factors that will impact/drive the Market?
- What is the competitive Landscape in the Industry?
- What is the role of key players in the value chain?
- What are the strategies adopted by key players?
Table of Contents
188 Pages
- 1 Introduction
- 1.1 Objective of the Study
- 1.2 Market Definition
- 1.3 Market Scope
- 2 Research Methodology
- 2.1 Data Mining
- 2.2 Validation
- 2.3 Primary Interviews
- 2.4 List of Data Sources
- 3 Executive Summary
- 4 Natural Language Processing (NLP) in Healthcare and Life Sciences Market Outlook
- 4.1 Overview
- 4.2 Market Dynamics
- 4.2.1 Drivers
- 4.2.2 Restraints
- 4.2.3 Opportunities
- 4.3 Porters Five Force Model
- 4.4 Value Chain Analysis
- 5 Natural Language Processing (NLP) in Healthcare and Life Sciences Market, By Type
- 5.1 Y-o-Y Growth Comparison, By Type
- 5.2 Natural Language Processing (NLP) in Healthcare and Life Sciences Market Share Analysis, By Type
- 5.3 Natural Language Processing (NLP) in Healthcare and Life Sciences Market Size and Forecast, By Type
- 5.3.1 Statistical
- 5.3.2 Rule-Based
- 5.3.3 Hybrid
- 6 Natural Language Processing (NLP) in Healthcare and Life Sciences Market, By Component
- 6.1 Y-o-Y Growth Comparison, By Component
- 6.2 Natural Language Processing (NLP) in Healthcare and Life Sciences Market Share Analysis, By Component
- 6.3 Natural Language Processing (NLP) in Healthcare and Life Sciences Market Size and Forecast, By Component
- 6.3.1 Technology
- 6.3.2 Services
- 6.3.2.1 Managed Services
- 6.3.2.2 Professional Services
- 6.3.2.3 Support & Maintenance Services
- 6.3.2.4 Consulting Services
- 7 Natural Language Processing (NLP) in Healthcare and Life Sciences Market, By Deployment Type
- 7.1 Y-o-Y Growth Comparison, By Deployment Type
- 7.2 Natural Language Processing (NLP) in Healthcare and Life Sciences Market Share Analysis, By Deployment Type
- 7.3 Natural Language Processing (NLP) in Healthcare and Life Sciences Market Size and Forecast, By Deployment Type
- 7.3.1 Cloud
- 7.3.2 On-Premise
- 8 Natural Language Processing (NLP) in Healthcare and Life Sciences Market, By Application
- 8.1 Y-o-Y Growth Comparison, By Application
- 8.2 Natural Language Processing (NLP) in Healthcare and Life Sciences Market Share Analysis, By Application
- 8.3 Natural Language Processing (NLP) in Healthcare and Life Sciences Market Size and Forecast, By Application
- 8.3.1 Machine Translation
- 8.3.2 Question Answering
- 8.3.3 Automated Information Extraction
- 8.3.4 Email Filtering
- 8.3.5 Spelling Correction
- 8.3.6 Predictive Risk Analytics
- 9 Natural Language Processing (NLP) in Healthcare and Life Sciences Market, By Region
- 9.1 Natural Language Processing (NLP) in Healthcare and Life Sciences Market Share Analysis, By Region
- 9.2 Natural Language Processing (NLP) in Healthcare and Life Sciences Market Share Analysis, By Region
- 9.3 Natural Language Processing (NLP) in Healthcare and Life Sciences Market Size and Forecast, By Region
- 10 North America Natural Language Processing (NLP) in Healthcare and Life Sciences Analysis and Forecast (2020 – 2027)
- 10.1 Introduction
- 10.2 North America Natural Language Processing (NLP) in Healthcare and Life Sciences Product Market Share Analysis, By Type
- 10.3 North America Natural Language Processing (NLP) in Healthcare and Life Sciences Product Market Size and Forecast, By Component
- 10.4 North America Natural Language Processing (NLP) in Healthcare and Life Sciences Product Market Size and Forecast, By Deployment Type
- 10.5 North America Natural Language Processing (NLP) in Healthcare and Life Sciences Product Market Size and Forecast, By Application
- 10.6 North America Natural Language Processing (NLP) in Healthcare and Life Sciences Product Market Size and Forecast, By Country
- 10.6.1 U.S.
- 10.6.2 Canada
- 10.6.3 Mexico
- 11 Europe Natural Language Processing (NLP) in Healthcare and Life Sciences Market Analysis and Forecast (2020 – 2027)
- 11.1 Introduction
- 11.2 Europe Natural Language Processing (NLP) in Healthcare and Life Sciences Product Market Share Analysis, By Type
- 11.3 Europe Natural Language Processing (NLP) in Healthcare and Life Sciences Product Market Size and Forecast, By Component
- 11.4 Europe Natural Language Processing (NLP) in Healthcare and Life Sciences Product Market Size and Forecast, By Deployment Type
- 11.5 Europe Natural Language Processing (NLP) in Healthcare and Life Sciences Product Market Size and Forecast, By Application
- 11.6 Europe Natural Language Processing (NLP) in Healthcare and Life Sciences Product Market Size and Forecast, By Country
- 11.6.1 Germany
- 11.6.2 France
- 11.6.3 UK
- 11.6.4 Rest of Europe
- 12 Asia Pacific Natural Language Processing (NLP) in Healthcare and Life Sciences Market Analysis and Forecast (2020 – 2027)
- 12.1 Introduction
- 12.2 Asia Pacific Natural Language Processing (NLP) in Healthcare and Life Sciences Product Market Share Analysis, By Type
- 12.3 Asia Pacific Natural Language Processing (NLP) in Healthcare and Life Sciences Product Market Size and Forecast, By Component
- 12.4 Asia Pacific Natural Language Processing (NLP) in Healthcare and Life Sciences Product Market Size and Forecast, By Deployment Type
- 12.5 Asia Pacific Natural Language Processing (NLP) in Healthcare and Life Sciences Product Market Size and Forecast, By Application
- 12.6 Asia Pacific Natural Language Processing (NLP) in Healthcare and Life Sciences Product Market Size and Forecast, By Country
- 12.6.1 China
- 12.6.2 Japan
- 12.6.3 India
- 12.6.4. Rest of Asia Pacific
- 13 Latin America Natural Language Processing (NLP) in Healthcare and Life Sciences Market Analysis and Forecast (2020 – 2027)
- 13.1 Introduction
- 13.2 Latin America Natural Language Processing (NLP) in Healthcare and Life Sciences Product Market Share Analysis, By Type
- 13.3 Latin America Natural Language Processing (NLP) in Healthcare and Life Sciences Product Market Size and Forecast, By Component
- 13.4 Latin America Natural Language Processing (NLP) in Healthcare and Life Sciences Product Market Size and Forecast, By Deployment Type
- 13.5 Latin America Natural Language Processing (NLP) in Healthcare and Life Sciences Product Market Size and Forecast, By Application
- 13.6 Latin America Natural Language Processing (NLP) in Healthcare and Life Sciences Product Market Size and Forecast, By Country
- 14 Middle East Natural Language Processing (NLP) in Healthcare and Life Sciences Market Analysis and Forecast (2020 – 2027)
- 14.1 Introduction
- 14.2 Middle East Natural Language Processing (NLP) in Healthcare and Life Sciences Product Market Share Analysis, By Type
- 14.3 Middle East Natural Language Processing (NLP) in Healthcare and Life Sciences Product Market Size and Forecast, By Component
- 14.4 Middle East Natural Language Processing (NLP) in Healthcare and Life Sciences Product Market Size and Forecast, By Deployment Type
- 14.5 Middle East Natural Language Processing (NLP) in Healthcare and Life Sciences Product Market Size and Forecast, By Application
- 14.6 Middle East Natural Language Processing (NLP) in Healthcare and Life Sciences Product Market Size and Forecast, By Country
- 15 Competitive Analysis
- 15.1 Competition Dashboard
- 15.2 Market share Analysis of Top Vendors
- 15.3 Key Development Strategies
- 16 Company Profiles
- 16.1 3 M
- 16.1.1 Overview
- 16.1.2 Offerings
- 16.1.3 Key Financials
- 16.1.4 Business Segment & Geographic Overview
- 16.1.5 Key Market Developments
- 16.1.6 Key Strategies
- 16.2 MICROSOFT
- 16.2.1 Overview
- 16.2.2 Offerings
- 16.2.3 Key Financials
- 16.2.4 Business Segment & Geographic Overview
- 16.2.5 Key Market Developments
- 16.2.6 Key Strategies
- 16.3 CERNER
- 16.3.1 Overview
- 16.3.2 Offerings
- 16.3.3 Key Financials
- 16.3.4 Business Segment & Geographic Overview
- 16.3.5 Key Market Developments
- 16.3.6 Key Strategies
- 16.4 DOLBEY
- 16.4.1 Overview
- 16.4.2 Offerings
- 16.4.3 Key Financials
- 16.4.4 Business Segment & Geographic Overview
- 16.4.5 Key Market Developments
- 16.4.6 Key Strategies
- 16.5 NUANCE
- 16.5.1 Overview
- 16.5.2 Offerings
- 16.5.3 Key Financials
- 16.5.4 Business Segment & Geographic Overview
- 16.5.5 Key Market Developments
- 16.5.6 Key Strategies
- 16.6 IBM
- 16.6.1 Overview
- 16.6.2 Offerings
- 16.6.3 Key Financials
- 16.6.4 Business Segment & Geographic Overview
- 16.6.5 Key Market Developments
- 16.6.6 Key Strategies
- 16.7 APIXIO
- 16.7.1 Overview
- 16.7.2 Offerings
- 16.7.3 Key Financials
- 16.7.4 Business Segment & Geographic Overview
- 16.7.5 Key Market Developments
- 16.7.6 Key Strategies
- 16.8 AVERBIS
- 16.8.1 Overview
- 16.8.2 Offerings
- 16.8.3 Key Financials
- 16.8.4 Business Segment & Geographic Overview
- 16.8.5 Key Market Developments
- 16.8.6 Key Strategies
- 16.9 AWS
- 16.9.1 Overview
- 16.9.2 Offerings
- 16.9.3 Key Financials
- 16.9.4 Business Segment & Geographic Overview
- 16.9.5 Key Market Developments
- 16.9.6 Key Strategies
- 16.10 GOOGLE
- 16.10.1 Overview
- 16.10.2 Offerings
- 16.10.3 Key Financials
- 16.10.4 Business Segment & Geographic Overview
- 16.10.5 Key Market Developments
- 16.10.6 Key Strategies
Pricing
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