The Global NLP in Healthcare and Life Sciences Market is estimated to be valued at US$ 3,071.9 Mn in 2021 and is expected to increase to US$ 16,778.1 Mn by 2028, exhibiting a CAGR of 27% during the forecast period 2022-2028.
Natural language processing (NLP) is an area of artificial intelligence that analyzes human-computer collaboration to enable machines to understand both written and spoken language. The ultimate goal is to read, interpret, grasp, and understand human language in useful ways. NLP is a technology that extracts data from vast amounts of clinical data and enhances it for better preparation and evaluation. Additionally, NLP has broad applications in the pharmaceutical industry, including drug development, clinical trials, regulatory insights, market insights, real-world data, drug surveillance, and more.
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Market Segments
By NLP Type
- Rule-based
- Statistical
- Hybrid
By Application
- IVR
- Pattern and Image Recognition
- Summarization and Categorization
- Text and Speech Analytics
- Predictive Risk Analytics
- Reporting and Visualization
By End User
- NLP for Physician
- NLP for Patients
- NLP for Researchers
- NLP for Clinical Operators
Key Players
- IBM Corporation
- Hewlett Packard Enterprise Company
- Heath Fidelity
- 3M
- Apixio
- Nuance Communications, Inc.
- Linguamatics
- Microsoft Corporation
- Dolbey Systems, Inc
Scope of the Report
The research study analyzes the global NLP in Healthcare and Life Sciences industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume
Key Questions Answered by NLP in Healthcare and Life Sciences Market Report
1. What was the NLP in Healthcare and Life Sciences Market size in 2020 and 2021; what are the estimated growth trends and market forecast (2022-2028).
2. What will be the CAGR of NLP in Healthcare and Life Sciences Market during the forecast period (2022-2028)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2022? How these segments are expected to grow during the forecast period (2022-2028).
4. Which manufacturer/vendor/players in the NLP in Healthcare and Life Sciences Market was the market leader in 2020?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
The report covers the following objectives:
- Proliferation and maturation of trade in the global NLP in Healthcare and Life Sciences market.
- The market share of the global NLP in Healthcare and Life Sciences market, supply and demand ratio, growth revenue, supply chain analysis, and business overview.
- Current and future market trends that are influencing the growth opportunities and growth rate of the global NLP in Healthcare and Life Sciences market.
- Feasibility study, new market insights, company profiles, investment return, revenue (value), and consumption (volume) of the global NLP in Healthcare and Life Sciences market.
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