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Natural Language Processing (NLP) in Healthcare and Life Sciences: Global Strategic Business Report

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    Report

  • 89 Pages
  • October 2022
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 5303660

Global Natural Language Processing (NLP) in Healthcare and Life Sciences Market to Reach $6.6 Billion by 2027

In the changed post COVID-19 business landscape, the global market for Natural Language Processing (NLP) in Healthcare and Life Sciences estimated at US$2.1 Billion in the year 2020, is projected to reach a revised size of US$6.6 Billion by 2027, growing at a CAGR of 18% over the analysis period 2020-2027. Solutions, one of the segments analyzed in the report, is projected to record 15.3% CAGR and reach US$3.5 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Services segment is readjusted to a revised 21.8% CAGR for the next 7-year period.

The U.S. Market is Estimated at $560.9 Million, While China is Forecast to Grow at 23.4% CAGR

The Natural Language Processing (NLP) in Healthcare and Life Sciences market in the U.S. is estimated at US$560.9 Million in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$1.5 Billion by the year 2027 trailing a CAGR of 22.9% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 13% and 16% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 14.2% CAGR.

Select Competitors (Total 33 Featured) -

  • 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
  • Nuance Communications Inc.
  • Sparkcognition
  • Stats LLC
  • Wave Health Technologies

What's New for 2022?

  • Global competitiveness and key competitor percentage market shares
  • Market presence across multiple geographies - Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to digital archives and Research Platform
  • Complimentary updates for one year
Frequently Asked Questions about the Global Market for Natural Language Processing (NLP) in Healthcare and Life Sciences

What is the estimated value of the Global Market for Natural Language Processing (NLP) in Healthcare and Life Sciences?

The Global Market for Natural Language Processing (NLP) in Healthcare and Life Sciences was estimated to be valued at $2.1 Billion in 2020.

What is the growth rate of the Global Market for Natural Language Processing (NLP) in Healthcare and Life Sciences?

The growth rate of the Global Market for Natural Language Processing (NLP) in Healthcare and Life Sciences is 17.8%, with an estimated value of $6.6 Billion by 2027.

What is the forecasted size of the Global Market for Natural Language Processing (NLP) in Healthcare and Life Sciences?

The Global Market for Natural Language Processing (NLP) in Healthcare and Life Sciences is estimated to be worth $6.6 Billion by 2027.

Who are the key companies in the Global Market for Natural Language Processing (NLP) in Healthcare and Life Sciences?

Key companies in the Global Market for Natural Language Processing (NLP) in Healthcare and Life Sciences include 3M, Amazon Web Services Inc., Apixio Inc., Averbis, Cerner Corporation, Clinithink, Conversica Inc., Dolby Systems Inc. and Health Fidelty Inc..

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Impact of Covid-19 and a Looming Global Recession
  • Natural Language Processing (NLP) in Healthcare and Life Sciences - Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
2. FOCUS ON SELECT PLAYERS3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
  • Table 1: World Recent Past, Current & Future Analysis for Natural Language Processing (NLP) in Healthcare and Life Sciences by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 2: World 7-Year Perspective for Natural Language Processing (NLP) in Healthcare and Life Sciences by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets for Years 2021 & 2027
  • Table 3: World Recent Past, Current & Future Analysis for Solutions by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 4: World 7-Year Perspective for Solutions by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2021 & 2027
  • Table 5: World Recent Past, Current & Future Analysis for Services by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 6: World 7-Year Perspective for Services by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2021 & 2027
  • Table 7: World Recent Past, Current & Future Analysis for Other Applications by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 8: World 7-Year Perspective for Other Applications by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2021 & 2027
  • Table 9: World Recent Past, Current & Future Analysis for Text & Speech Analytics by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 10: World 7-Year Perspective for Text & Speech Analytics by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2021 & 2027
  • Table 11: World Recent Past, Current & Future Analysis for Interactive Voice Response by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 12: World 7-Year Perspective for Interactive Voice Response by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2021 & 2027
  • Table 13: World Recent Past, Current & Future Analysis for Pattern & Image Recognition by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 14: World 7-Year Perspective for Pattern & Image Recognition by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2021 & 2027
  • Table 15: World Recent Past, Current & Future Analysis for Auto Coding by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 16: World 7-Year Perspective for Auto Coding by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2021 & 2027
  • Table 17: World Recent Past, Current & Future Analysis for Classification & Categorization by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 18: World 7-Year Perspective for Classification & Categorization by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2021 & 2027
  • Table 19: World Recent Past, Current & Future Analysis for Cloud by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 20: World 7-Year Perspective for Cloud by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2021 & 2027
  • Table 21: World Recent Past, Current & Future Analysis for On-Premise by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 22: World 7-Year Perspective for On-Premise by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2021 & 2027
  • Table 23: World Natural Language Processing (NLP) in Healthcare and Life Sciences Market Analysis of Annual Sales in US$ Thousand for Years 2012 through 2027
III. MARKET ANALYSIS
UNITED STATES
  • Natural Language Processing (NLP) in Healthcare and Life Sciences Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2022 (E)
CANADA
JAPAN
  • Natural Language Processing (NLP) in Healthcare and Life Sciences Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2022 (E)
CHINA
  • Natural Language Processing (NLP) in Healthcare and Life Sciences Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2022 (E)
EUROPE
  • Natural Language Processing (NLP) in Healthcare and Life Sciences Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2022 (E)
FRANCE
  • Natural Language Processing (NLP) in Healthcare and Life Sciences Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2022 (E)
GERMANY
  • Natural Language Processing (NLP) in Healthcare and Life Sciences Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2022 (E)
ITALY
UNITED KINGDOM
  • Natural Language Processing (NLP) in Healthcare and Life Sciences Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2022 (E)
SPAINRUSSIAREST OF EUROPE
ASIA-PACIFIC
  • Natural Language Processing (NLP) in Healthcare and Life Sciences Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2022 (E)
AUSTRALIA
  • Natural Language Processing (NLP) in Healthcare and Life Sciences Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Australia for 2022 (E)
INDIA
  • Natural Language Processing (NLP) in Healthcare and Life Sciences Market Presence - Strong/Active/Niche/Trivial - Key Competitors in India for 2022 (E)
SOUTH KOREAREST OF ASIA-PACIFIC
LATIN AMERICA
  • Natural Language Processing (NLP) in Healthcare and Life Sciences Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2022 (E)
ARGENTINABRAZILMEXICOREST OF LATIN AMERICA
MIDDLE EAST
  • Natural Language Processing (NLP) in Healthcare and Life Sciences Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Middle East for 2022 (E)
IRANISRAELSAUDI ARABIAUNITED ARAB EMIRATESREST OF MIDDLE EAST
AFRICA
  • Natural Language Processing (NLP) in Healthcare and Life Sciences Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Africa for 2022 (E)
IV. COMPETITION

Companies Mentioned

A selection of companies mentioned in this report includes:

  • 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
  • Nuance Communications Inc.
  • Sparkcognition
  • Stats LLC
  • Wave Health Technologies