As per the research conducted by GME, the Natural Language Processing (NLP) in Healthcare and Life Sciences will grow with a CAGR value of 20.8 percent by 2021. Aspects such as heightened demand for enhancing the usability of electronic health record (EHR) data to better patient care, expanding interest in predictive analytics to minimize risks and improve important health issues, and higher use of linked devices are driving market expansion.
Browse 151 Market Data Tables and 111 Figures
spread through 181 Pages and in-depth TOC on “Natural Language Processing (NLP) in Healthcare and Life
Sciences - Forecast to 2026".
By Component (Standalone Solutions and Services [Support &
Maintenance and Professional Services]), By Type (Rule-Based Natural Language
Processing, Statistical Natural Language Processing, and Hybrid Natural
Language Processing), By Application (Interactive Voice Response (IVR), Pattern
& Image Recognition, Auto Coding, Classification & Categorization, Text
& Speech Analytics, and Others
(Information Extraction and Report Generation), By Deployment Mode (Cloud and
On-premises), By Organization Size (Large Enterprise and Small and Medium-sized
Enterprises (SMEs), By End-Users ( NLP for Physicians, NLP for Researchers, NLP
for Patients, and NLP for Clinical
Operators), By Region (North America,
Asia Pacific, Europe, Latin America, Middle East & Africa); End-User
Landscape, Company Market Share Analysis, and Competitor Analysis.
Key Market Insights
·
The growing demand for expert solutions correlates
to the service segment's supremacy in the components segment.
·
The rule-based NLP segment is presumed to dominate
since it aids in improving the EHR process by aiding in the discovery of
arbitrary terms and increasing the efficiency of data management.
·
Pattern and image recognition will be the most
profitable in the applications segment since these techniques are associated with
NLP and provide better results in strategy formulation as well as improved
public care.
·
Cloud deployment is considered to be supreme with
regards to the mode of deployment since it can be tailored to the needs of its
customers.
·
Natural language processing is widely used in large
organizations to reduce time in strategic planning and provide enhanced patient
care.
·
Researchers are utilizing NLP to conduct a thorough
examination of incorrect medical information, which is assisting in the discovery
of new prospective therapies and treatment techniques.
·
Due to the extremely increased use of digitized
technologies, North America has the most scientifically sophisticated
healthcare system and makes considerable use of natural language processing
technologies to monitor patients.
·
3M, Apple, Google, Microsoft, A3logics, AlchemyAPI,
Apixio, Aylien, Dolbey Systems, Fluxifi, HP, IBM, Linguamatics, Mmodal,
Netbase, Nuance Communication, SAS Institute, Textalytics, and Verint Systems,
amongst others, are the key players in the market.
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Component
Outlook (Revenue, USD Billion,
2021-2026)
·
Standalone Solutions
·
Services
·
Support & Maintenance
·
Professional Services
Type Outlook (Revenue, USD Billion, 2021-2026)
·
Rule-Based Natural
Language Processing
·
Statistical Natural
Language Processing
·
Hybrid Natural
Language Processing
Application Outlook (Revenue, USD Billion, 2021-2026)
·
Interactive Voice
Response (IVR)
·
Pattern & Image
Recognition
·
Auto Coding
·
Classification &
Categorization
·
Text & Speech
Analytics
·
Others
o
Information
Extraction
o
Report Generation
Deployment Outlook (Revenue, USD Billion, 2021-2026)
·
Cloud
·
On-premises
Organization size Outlook (Revenue, USD Billion, 2021-2026)
·
Large Enterprise
·
Small and Medium-sized Enterprises (SMEs)
End-Users Outlook (Revenue, USD Billion, 2021-2026)
·
NLP for Physicians
·
NLP for Researchers
·
NLP for Patients
·
NLP for Clinical
Operators
Regional Outlook
(Revenue, USD Billion, 2021-2026)
North America
- The U.S.
- Canada
- Mexico
Europe
- Germany
- UK
- France
- Spain
- Italy
- Rest of Europe
Asia Pacific
- China
- India
- Japan
- South Korea
- Australia
- Rest of APAC
Central
& South America
- Brazil
- Argentina
- Rest of CSA
Middle
East & Africa
- Saudi Arabia
- UAE
- Rest of MEA
Contact:
Tracy Simon
Email address: tracy.simon@globalmarketestimates.com
Phone
Number: +16026667238
Website:
https://www.globalmarketestimates.com/
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