Natural Language Processing (NLP) in Healthcare and Life Sciences Market by Component (Technology and Services), Type (Rule-based, Statistical and Hybrid), Application, Deployment Mode (Cloud and On Premise) and Region - Global Forecast to 2021

  • ID: 3939166
  • Report
  • Region: Global
  • 139 Pages
  • Markets and Markets
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Natural Language Processing (NLP) in Healthcare and Life Sciences Market Size to Grow from USD 1.03 Billion in 2016 to USD 2.65 Billion by 2021, at a CAGR of 20.8%

FEATURED COMPANIES

  • 3M
  • Apixio
  • Cerner Corporation
  • Clinithink Inc.
  • Dolbey Systems, Inc.
  • Heath Fidelity
  • MORE

“Surge in clinical data, use of connected devices, and evolving consumer needs is expected to drive the growth in the market”

Global Natural Language Processing (NLP) in healthcare and life sciences market to grow from USD 1.03 billion in 2016 to USD 2.65 billion by 2021, at a Compound Annual Growth Rate (CAGR) of 20.8%. The market is growing rapidly because of the huge surge in clinical data, increasing use of connected devices, and evolving consumer needs. Limited access to clinical data and lack of institutional commitment are restraining the growth of the NLP market in healthcare and life sciences industry.

“Pattern and image recognition is expected to grow at a higher CAGR”

The NLP in healthcare and life sciences market by technology consists of Interactive Voice Response (IVR), Optical Character Recognition (OCR), pattern and image recognition, auto coding, classification & categorization, text analytics, and speech analytics. Pattern and image recognition is expected to witness the highest CAGR. The technology is helpful in detecting images, pattern analysis, and gesture recognition. In the healthcare industry, it is used to interpret numerical data, such as blood test results. This technique is also used in processing non-numeric data, such as patient history.

“Cloud deployment mode is expected to have the largest market share”

The NLP in healthcare and life sciences market has been segmented by deployment mode into cloud and on-premise deployment mode. Both, on-premise and cloud-based solutions depend upon an organization’s requirements. The cloud-based deployment mode is gaining high traction in the market majorly due to its numerous advantages over the on-premise mode such as the high scalability, cost-effectiveness, simplified access, and ease of use.

Breakup of Primary Interviews:

By Company type: Tier 1- 30%, Tier 2- 40%, Tier 3- 30%
By Designation: C-Level- 72%, Director Level- 14% Others- 14%
By Region: North America- 57%, Europe- 14%, APAC- 29%

The report includes the study of key players offering NLP in healthcare and life sciences market: 3M (Minnesota), Cerner Corporation (Missouri), IBM Corporation (New York), Microsoft Corporation (Washington), Nuance Communications (Massachusetts), M - Modal (Tennessee), Health Fidelity (California), Dolbey Systems (Ohio), Linguamatics (Cambridge), and Apixio (San Mateo).

Furthermore, the report also includes in-depth competitive analysis of the key players in the NLP in healthcare and life sciences market, with their company profiles, recent developments, and key market strategies.

Research Coverage:

The overall NLP in healthcare and life sciences market has been segmented by component (technology and service), type, application, deployment mode, and region. The market by technology is segmented into IVR, OCR, pattern & image recognition, auto coding, classification & categorization, text analytics, and speech analytics. The services have been segmented into professional services and support & maintenance services. The market by type includes rule-based NLP, statistical NLP, and hybrid NLP.

Applications include predictive risk analytics, automated information extraction, report generation, machine translation, and others. The NLP solutions can be deployed in cloud or on-premise. The regional analysis includes the study of five regions namely North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and Latin America.

The report will help the market leaders or new entrants in this market in the following ways:

  • This report segments the market into various subsegments, covering this market comprehensively. The report provides the closest approximations of the revenue numbers for the overall market and the subsegments
  • This report will help in the better understanding of the competitors and gain more insights to better one’s position in the market. There is a separate section on competitive landscape, which includes competitor ecosystem, mergers & acquisitions, integrations & expansions, and collaborations of various market vendors. Besides, there are company profiles of ten players of this market
  • The report also helps in understanding the overall growth of the market. It provides information on key market drivers, restraints, challenges, and opportunities
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FEATURED COMPANIES

  • 3M
  • Apixio
  • Cerner Corporation
  • Clinithink Inc.
  • Dolbey Systems, Inc.
  • Heath Fidelity
  • MORE
1 Introduction
1.1 Objective of the Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Markets Covered
1.3.2 Years Considered
1.4 Currency
1.5 Limitations
1.6 Stakeholders

2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data from Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data from Primary Sources
2.1.2.2 Key Industry Insights
2.1.2.3 Breakdown of Primary Interviews
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Top-Down Approach
2.3 Market Breakdown and Data Triangulation
2.4 Research Assumptions
2.4.1 Assumptions

3 Executive Summary

4 Premium Insights
4.1 Attractive Market Opportunities in the NLP in Healthcare and Life Sciences Market
4.2 Global NLP in Healthcare and Life Sciences Market – by Type
4.3 Global NLP in Healthcare and Life Sciences Market
4.4 Lifecycle Analysis, by Region 2016
4.5 NLP in Healthcare and Life Sciences Market Potential
4.6 NLP in Healthcare and Life Sciences: Region Wise Adoption Scenario

5 Market Overview
5.1 Introduction
5.2 Market Segmentation
5.3 Market Segmentation
5.3.1 by Component
5.3.2 by Type
5.3.3 by Application
5.3.4 by Deployment Mode
5.3.5 by Region
5.4 Market Dynamics
5.4.1 Drivers
5.4.1.1 Huge Surge in Clinical Data
5.4.1.2 Increase in the Use of Connected Devices
5.4.1.3 Evolving Consumer Needs
5.4.2 Restraints
5.4.2.1 Limited Access to Clinical Data
5.4.2.2 Lack of Institutional Commitment
5.4.3 Opportunities
5.4.3.1 Government Policies and Initiatives
5.4.3.2 Integration of Social Media for Assessing Population Health
5.4.4 Challenges
5.4.4.1 Unstructured Clinical Notes and Text

6 Industry Trends
6.1 Introduction
6.2 Evolution
6.3 Value Chain Analysis
6.4 Strategic Benchmarking

7 NLP in Healthcare and Life Sciences Market, by Component
7.1 Introduction
7.2 Technology
7.2.1 Interactive Voice Response
7.2.2 Optical Character Recognition
7.2.3 Pattern and Image Recognition
7.2.4 Auto Coding
7.2.5 Classification and Categorization
7.2.6 Text Analytics
7.2.7 Speech Analytics
7.3 Services
7.3.1 Professional Services
7.3.2 Support and Maintenance Services

8 NLP in Healthcare and Life Sciences, by Type
8.1 Introduction
8.2 Rule-Based NLP
8.3 Statistical-Based NLP
8.4 Hybrid NLP

9 NLP in Healthcare and Life Sciences Market, by Application
9.1 Introduction
9.2 Predictive Risk Analytics
9.3 Machine Translation
9.4 Information Extraction
9.5 Report Generation
9.6 Others

10 NLP in Healthcare and Life Sciences Market, by Deployment Mode
10.1 Introduction
10.2 On-Premise
10.3 Cloud

11 Geographic Analysis
11.1 Introduction
11.2 North America
11.2.1 U.S.
11.2.2 Canada
11.3 Europe
11.3.1 U.K.
11.3.2 Germany
11.3.3 France
11.3.4 Rest of Europe
11.4 Asia-Pacific (APAC)
11.4.1 China
11.4.2 Japan
11.4.3 Korea
11.4.4 Rest of Asia-Pacific
11.5 Middle East and Africa
11.5.1 Middle East
11.5.2 Africa
11.6 Latin America
11.6.1 Brazil
11.6.2 Mexico
11.6.3 Rest of Latin America

12 Competitive Landscape
12.1 Introduction
12.2 Competitive Situation and Trends
12.2.1 New Product Launches and Enhancements
12.2.2 Partnerships, Agreements, and Collaborations
12.2.3 Mergers and Acquisitions
12.2.4 Integrations and Expansions

13 Company Profiles
13.1 Introduction
13.2 3M
13.3 Cerner Corporation
13.4 IBM Corporation
13.5 Microsoft Corporation
13.6 Nuance Communications, Inc.
13.7 Heath Fidelity
13.8 Linguamatics
13.9 Dolbey Systems, Inc.
13.10 Apixio
13.11 Mmodal IP Plc
13.12 Clinithink Inc.

List of Tables
Table 1 Global NLP in Healthcare and Life Sciences Market Size and Growth Rate, 2014-2021 (USD Million) (Y-O-Y %)
Table 2 NLP in Healthcare and Life Sciences Market Size, by Component, 2014-2021 (USD Million)
Table 3 NLP in Healthcare and Life Sciences Market Size, by Technology, 2014-2021 (USD Million)
Table 4 Interactive Voice Response: NLP in Healthcare and Life Sciences Market Size, by Region, 2014-2021 (USD Million)
Table 5 Optical Character Recognition: NLP in Healthcare and Life Sciences Market Size, by Region, 2014-2021 (USD Million)
Table 6 Pattern and Image Recognition: NLP in Healthcare and Life Sciences Market Size, by Region, 2014-2021 (USD Million)
Table 7 Auto Coding: NLP in Healthcare and Life Sciences Market Size, by Region, 2014-2021 (USD Million)
Table 8 Classification and Categorization: NLP in Healthcare and Life Sciences Market Size, by Region, 2014-2021 (USD Million)
Table 9 Text Analytics: NLP in Healthcare and Life Sciences Market Size, by Region, 2014-2021 (USD Million)
Table 10 Speech Analytics: NLP in Healthcare and Life Sciences Market Size, by Region, 2014-2021 (USD Million)
Table 11 NLP in Healthcare and Life Sciences Market Size, by Service, 2014-2021 (USD Million)
Table 12 Professional Services: NLP in Healthcare and Life Sciences Market Size, by Region, 2014-2021 (USD Million)
Table 13 Support and Maintenance Services: NLP in Healthcare and Life Sciences Market Size, by Region, 2014-2021 (USD Million)
Table 14 NLP in Healthcare and Life Sciences Market Size, by Type, 2014-2021 (USD Million)
Table 15 Rule Based: NLP in Healthcare and Life Sciences Market Size, by Region, 2014-2021 (USD Million)
Table 16 Statistical-Based: NLP in Healthcare and Life Sciences Market Size, by Region, 2014-2021 (USD Million)
Table 17 Hybrid NLP: NLP in Healthcare and Life Sciences Market Size, by Region, 2014-2021 (USD Million)
Table 18 NLP in Healthcare and Life Sciences Market Size, by Application, 2014-2021 (USD Million)
Table 19 Predictive Risk Analytics: NLP in Healthcare and Life Sciences Market Size, by Region, 2014-2021 (USD Million)
Table 20 Machine Translation: NLP in Healthcare and Life Sciences Market Size, by Region, 2014-2021 (USD Million)
Table 21 Information Extraction: NLP in Healthcare and Life Sciences Market Size, by Region, 2014-2021 (USD Million)
Table 22 Report Generation: NLP in Healthcare and Life Sciences Market Size, by Region, 2014-2021 (USD Million)
Table 23 Others: NLP in Healthcare and Life Sciences Market Size, by Region, 2014-2021 (USD Million)
Table 24 NLP in Healthcare and Life Sciences Market Size, by Deployment Mode, 2014-2021 (USD Million)
Table 25 On-Premise: NLP in Healthcare and Life Sciences Market Size, by Region, 2014-2021 (USD Million)
Table 26 Cloud: NLP in Healthcare and Life Sciences Market Size, by Region, 2014-2021 (USD Million)
Table 27 Natural Language Processing in Healthcare and Life Sciences Market Size, by Region, 2014-2021 (USD Million)
Table 28 North America: Natural Language Processing in Healthcare and Life Sciences Market Size, by Country, 2014-2021 (USD Million)
Table 29 North America: NLP in Healthcare and Life Sciences Market Size, by Component, 2014-2021 (USD Million)
Table 30 North America: NLP in Healthcare and Life Sciences Market Size, by Technology, 2014-2021 (USD Million)
Table 31 North America: NLP in Healthcare and Life Sciences Market Size, by Service, 2014-2021 (USD Million)
Table 32 North America: NLP in Healthcare and Life Sciences Market Size, by Type, 2014-2021 (USD Million)
Table 33 North America: NLP in Healthcare and Life Sciences Market Size, by Application, 2014-2021 (USD Million)
Table 34 North America: NLP in Healthcare and Life Sciences Market Size, by Deployment Mode, 2014-2021 (USD Million)
Table 35 Europe: NLP in Healthcare and Life Sciences Market Size, by Country, 2014-2021 (USD Million)
Table 36 Europe: NLP in Healthcare and Life Sciences Market Size, by Component, 2014-2021 (USD Million)
Table 37 Europe: NLP in Healthcare and Life Sciences Market Size, by Technology, 2014-2021 (USD Million)
Table 38 Europe: NLP in Healthcare and Life Sciences Market Size, by Service, 2014-2021 (USD Million)
Table 39 Europe: NLP in Healthcare and Life Sciences Market Size, by Type, 2014-2021 (USD Million)
Table 40 Europe: NLP in Healthcare and Life Sciences Market Size, by Application, 2014-2021 (USD Million)
Table 41 Europe: NLP in Healthcare and Life Sciences Market Size, by Deployment Mode, 2014-2021 (USD Million)
Table 42 Asia-Pacific: NLP in Healthcare and Life Sciences Market Size, by Country, 2014-2021 (USD Million)
Table 43 Asia-Pacific: NLP in Healthcare and Life Sciences Market Size, by Component, 2014-2021 (USD Million)
Table 44 Asia-Pacific: NLP in Healthcare and Life Sciences Market Size, by Technology, 2014-2021 (USD Million)
Table 45 Asia-Pacific: NLP in Healthcare and Life Sciences Market Size, by Service, 2014-2021 (USD Million)
Table 46 Asia-Pacific: NLP in Healthcare and Life Sciences Market Size, by Type, 2014-2021 (USD Million)
Table 47 Asia-Pacific: NLP in Healthcare and Life Sciences Market Size, by Application, 2014-2021 (USD Million)
Table 48 Asia-Pacific: NLP in Healthcare and Life Sciences Market Size, by Deployment Mode, 2014-2021 (USD Million)
Table 49 Middle East & Africa: NLP in Healthcare and Life Sciences Market Size, by Country, 2014-2021 (USD Million)
Table 50 Middle East & Africa: NLP in Healthcare and Life Sciences Market Size, by Component, 2014-2021 (USD Million)
Table 51 Middle East & Africa: NLP in Healthcare and Life Sciences Market Size, by Technology, 2014-2021 (USD Million)
Table 52 Middle East & Africa: NLP in Healthcare and Life Sciences Market Size, by Service, 2014-2021 (USD Million)
Table 53 Middle East & Africa: NLP in Healthcare and Life Sciences Market Size, by Type, 2014-2021 (USD Million)
Table 54 Middle East & Africa: NLP in Healthcare and Life Sciences Market Size, by Application, 2014-2021 (USD Million)
Table 55 Middle East & Africa: NLP in Healthcare and Life Sciences Market Size, by Deployment Mode, 2014-2021 (USD Million)
Table 56 Latin America: NLP in Healthcare and Life Sciences Market Size, by Country, 2014-2021 (USD Million)
Table 57 Latin America: NLP in Healthcare and Life Sciences Market Size, by Component, 2014-2021 (USD Million)
Table 58 Latin America: NLP in Healthcare and Life Sciences Market Size, by Technology, 2014-2021 (USD Million)
Table 59 Latin America: NLP in Healthcare and Life Sciences Market Size, by Service, 2014-2021 (USD Million)
Table 60 Latin America: NLP in Healthcare and Life Sciences Market Size, by Type, 2014-2021 (USD Million)
Table 61 Latin America: NLP in Healthcare and Life Sciences Market Size, by Application, 2014-2021 (USD Million)
Table 62 Latin America: NLP in Healthcare and Life Sciences Market Size, by Deployment Mode, 2014-2021 (USD Million)
Table 63 New Product Launches and Enhancements, 2013-2016
Table 64 Partnerships, Agreements, and Collaborations, 2013-2016
Table 65 Mergers and Acquisitions, 2014-2016
Table 66 Integrations and Expansions, 2014-2016

List of Figures
Figure 1 Global NLP in Healthcare and Life Sciences Market: Research Design
Figure 2 Global NLP in Healthcare and Life Sciences Market: Research Design
Figure 3 Market Size Estimation Methodology: Bottom-Up Approach
Figure 4 Market Size Estimation Methodology: Top-Down Approach
Figure 5 Data Triangulation
Figure 6 NLP in Healthcare and Life Sciences Market Size, by Technology (2016 & 2021): Pattern and Image Recognition is Expected to Witness the Highest CAGR
Figure 7 NLP in Healthcare and Life Sciences Market Size, by Application (2016 & 2021): Report Generation is Expected to Have the Highest CAGR
Figure 8 NLP in Healthcare and Life Sciences Market Size, by Type (2016 & 2021): Statistical NLP is Expected to Lead the NLP in Healthcare and Life Sciences Market
Figure 9 NLP in Healthcare and Life Sciences Market Share, by Deployment Mode (2016): Cloud Deployment is Expected to Witness Higher CAGR
Figure 10 Global NLP in Healthcare and Life Sciences Market Share – North America is Estimated to Hold the Largest Market Share in 2016
Figure 11 Hybrid NLP in Expected to Grow at the Highest CAGR During the Forecast Period
Figure 12 North America is Estimated to Hold the Maximum Share in the NLP in Healthcare and Life Sciences Market (2016)
Figure 13 Regional Lifecycle – North America Expected to Grow With the Highest CAGR During the Forecast Period
Figure 14 North America is Expected to Have the Highest Growth Potential During the Forecast Period
Figure 15 APAC Market is Expected to Grow Faster as Compared to Other Regions During the Forecast Period
Figure 16 NLP in Healthcare and Life Sciences Market Segmentation
Figure 17 NLP in Healthcare and Life Sciences Market Segmentation: by Component
Figure 18 NLP in Healthcare and Life Sciences Segmentation: by Type
Figure 19 NLP in Healthcare and Life Sciences Market Segmentation: by Application
Figure 20 NLP in Healthcare and Life Sciences Market Segmentation: by Deployment Mode
Figure 21 NLP in Healthcare and Life Sciences Market Segmentation: by Region
Figure 22 Drivers, Restraints, Opportunities, and Challenges of the NLP in Healthcare and Life Sciences Market
Figure 23 NLP in Healthcare and Life Sciences Market: Value Chain Analysis
Figure 24 Strategic Benchmarking: New Product Launches and Enhancements
Is the Key Growth Strategy Adopted by Key Market Players from 2014 to 2016
Figure 25 Technology Segment is Expected to Grow at a Higher CAGR During the Forecast Period
Figure 26 Pattern and Image Recognition is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 27 Professional Services is Expected to Grow at a Higher CAGR During the Forecast Period
Figure 28 Statistical-Based NLP Going to Exibit the Highest Growth Rate for the Forecast Period
Figure 29 Report Generation Application Segment is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 30 Cloud Deployment is Expected to Grow With the Highest Market Share During the Forecast Period
Figure 31 North America is Projected to Exhibit the Highest Growth Rate in the NLP in Healthcare and Life Sciences Market
Figure 32 Geographic Snapshot: North America is Estimated to Account for the Highest CAGR in the NLP in Healthcare and Life Sciences Market
Figure 33 North America Snapshot
Figure 34 Companies Adopted New Product Launch and Enhancement as the Key Growth Strategy Over the Last Three Years
Figure 35 Market Evaluation Framework
Figure 36 Battle for Market Share: New Product Launch and Enhancement was the Key Growth Strategy of the NLP in Healthcare and Life Sciences Market
Figure 37 Geographic Revenue Mix of Top 5 Players
Figure 38 3M : Company Snapshot
Figure 39 3M : SWOT Analysis
Figure 40 Cerner Corporation: Company Snapshot
Figure 41 IBM Corporation: Company Snapshot
Figure 42 IBM Corporation : SWOT Analysis
Figure 43 Microsoft Corporation: Company Snapshot
Figure 44 Microsoft Corporation : SWOT Analysis
Figure 45 Nuance Communications, Inc. : Company Snapshot
Figure 46 Nuance Communications, Inc.: SWOT Analysis
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  • 3M
  • Apixio
  • Cerner Corporation
  • Clinithink Inc.
  • Dolbey Systems, Inc.
  • Heath Fidelity
  • IBM Corporation
  • Linguamatics
  • Microsoft Corporation
  • Mmodal IP Plc
  • Nuance Communications, Inc.
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown
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