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Healthcare Cognitive Computing Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

  • ID: 5577918
  • Report
  • April 2022
  • Region: Global
  • 143 Pages
  • IMARC Group

FEATURED COMPANIES

  • Apple Inc.
  • CognitiveScale
  • Enterra Solutions LLC
  • Healthcare X.0 GmbH
  • Intel Corporation
  • MedWhat
The global healthcare cognitive computing market reached a value of US$ 3.60 billion in 2021. Looking forward, the market is projected to reach a value of US$ 11.04 billion by 2027, exhibiting a CAGR of 19.20% during 2022-2027. Keeping in mind the uncertainties of COVID-19, the analyst is continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.



Cognitive computing is a self-learning system that relies on data mining techniques, pattern recognition, natural languages, human sense processing, and system refinements to simulate the human thought process. It processes enormous amounts of data to answer specific queries, gives customized intelligent recommendations and supports decision making. It analyzes emerging patterns, spots business opportunities and handles critical process-centric issues in real-time. It also enhances customer interactions by providing relevant, contextual and valuable information. At present, cognitive computing is extensively utilized in the healthcare sector to treat patients using past data and recognize any health-related issues.

Healthcare Cognitive Computing Market Trends


The growing prevalence of chronic diseases across the globe represents one of the key factors driving the market. Moreover, there is a rise in the demand for gene-specific treatment to eliminate cancer cells without damaging healthy tissues. This, along with advancements in the healthcare industry around the world, is propelling the growth of the market. In addition, there is an increase in the use of third computing platforms to facilitate better patient care. This, coupled with the escalating demand for personalized treatments in oncology, is offering lucrative growth opportunities to industry investors. Besides this, healthcare cognitive computing finds application in customized medicine, melanoma screening, and electronic health record (EHR) data analysis. Additionally, the increasing cost of drug discovery and clinical trials worldwide are catalyzing the demand for healthcare cognitive computing. Apart from this, governing authorities of several countries are undertaking initiatives to promote the usage of e-health technologies, which is positively influencing the market. Furthermore, key market players are focusing on mergers and acquisitions (M&A), which is projected to bolster their overall profitability.

Key Market Segmentation


This report provides an analysis of the key trends in each sub-segment of the global healthcare cognitive computing market, along with forecasts at the global, regional and country level from 2022-2027. The report has categorized the market based on technology, deployment mode and End-use.

Breakup by Technology:

  • Natural Language Processing
  • Machine Learning
  • Automated Reasoning
  • Others

Breakup by Deployment Mode:

  • On-premises
  • Cloud-based

Breakup by End-use:

  • Hospitals
  • Pharmaceuticals
  • Medical Devices
  • Insurance
  • Others

Breakup by Region:

  • North America
  • United States
  • Canada
  • Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
  • Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
  • Latin America
  • Brazil
  • Mexico
  • Others
  • Middle East and Africa

Competitive Landscape


The competitive landscape of the industry has also been examined along with the profiles of the key players being Apixio (Centene Corporation), Apple Inc., CognitiveScale, Enterra Solutions LLC, Google LLC (Alphabet Inc.), Healthcare X.0 GmbH, Intel Corporation, International Business Machines Corporation, MedWhat and Microsoft Corporation.

Key Questions Answered in This Report

  • How has the global healthcare cognitive computing market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global healthcare cognitive computing market?
  • What are the key regional markets?
  • What is the breakup of the market based on the technology?
  • What is the breakup of the market based on the deployment mode?
  • What is the breakup of the market based on the End-use?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global healthcare cognitive computing market and who are the key players?
  • What is the degree of competition in the industry?
Frequently Asked Questions about the Global Healthcare Cognitive Computing Market

What is the estimated value of the Global Healthcare Cognitive Computing Market?

The Global Healthcare Cognitive Computing Market was estimated to be valued at $3.6 Billion in 2021.

What is the growth rate of the Global Healthcare Cognitive Computing Market?

The growth rate of the Global Healthcare Cognitive Computing Market is 20.5%, with an estimated value of $11.0 Billion by 2027.

What is the forecasted size of the Global Healthcare Cognitive Computing Market?

The Global Healthcare Cognitive Computing Market is estimated to be worth $11.0 Billion by 2027.

Who are the key companies in the Global Healthcare Cognitive Computing Market?

Key companies in the Global Healthcare Cognitive Computing Market include Apixio (Centene Corporation), Apple Inc., CognitiveScale, Enterra Solutions LLC, Google LLC (Alphabet Inc.), Healthcare X.0 GmbH, Intel Corporation, International Business Machines Corporation and Microsoft Corporation.
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Apple Inc.
  • CognitiveScale
  • Enterra Solutions LLC
  • Healthcare X.0 GmbH
  • Intel Corporation
  • MedWhat

1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Healthcare Cognitive Computing Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Technology
6.1 Natural Language Processing
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Machine Learning
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Automated Reasoning
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Others
6.4.1 Market Trends
6.4.2 Market Forecast
7 Market Breakup by Deployment Mode
7.1 On-premises
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Cloud-based
7.2.1 Market Trends
7.2.2 Market Forecast
8 Market Breakup by End Use
8.1 Hospitals
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Pharmaceuticals
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Medical Devices
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Insurance
8.4.1 Market Trends
8.4.2 Market Forecast
8.5 Others
8.5.1 Market Trends
8.5.2 Market Forecast
9 Market Breakup by Region
9.1 North America
9.1.1 United States
9.1.1.1 Market Trends
9.1.1.2 Market Forecast
9.1.2 Canada
9.1.2.1 Market Trends
9.1.2.2 Market Forecast
9.2 Asia-Pacific
9.2.1 China
9.2.1.1 Market Trends
9.2.1.2 Market Forecast
9.2.2 Japan
9.2.2.1 Market Trends
9.2.2.2 Market Forecast
9.2.3 India
9.2.3.1 Market Trends
9.2.3.2 Market Forecast
9.2.4 South Korea
9.2.4.1 Market Trends
9.2.4.2 Market Forecast
9.2.5 Australia
9.2.5.1 Market Trends
9.2.5.2 Market Forecast
9.2.6 Indonesia
9.2.6.1 Market Trends
9.2.6.2 Market Forecast
9.2.7 Others
9.2.7.1 Market Trends
9.2.7.2 Market Forecast
9.3 Europe
9.3.1 Germany
9.3.1.1 Market Trends
9.3.1.2 Market Forecast
9.3.2 France
9.3.2.1 Market Trends
9.3.2.2 Market Forecast
9.3.3 United Kingdom
9.3.3.1 Market Trends
9.3.3.2 Market Forecast
9.3.4 Italy
9.3.4.1 Market Trends
9.3.4.2 Market Forecast
9.3.5 Spain
9.3.5.1 Market Trends
9.3.5.2 Market Forecast
9.3.6 Russia
9.3.6.1 Market Trends
9.3.6.2 Market Forecast
9.3.7 Others
9.3.7.1 Market Trends
9.3.7.2 Market Forecast
9.4 Latin America
9.4.1 Brazil
9.4.1.1 Market Trends
9.4.1.2 Market Forecast
9.4.2 Mexico
9.4.2.1 Market Trends
9.4.2.2 Market Forecast
9.4.3 Others
9.4.3.1 Market Trends
9.4.3.2 Market Forecast
9.5 Middle East and Africa
9.5.1 Market Trends
9.5.2 Market Breakup by Country
9.5.3 Market Forecast
10 SWOT Analysis
10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
14.3.1 Apixio (Centene Corporation)
14.3.1.1 Company Overview
14.3.1.2 Product Portfolio
14.3.2 Apple Inc.
14.3.2.1 Company Overview
14.3.2.2 Product Portfolio
14.3.2.3 Financials
14.3.2.4 SWOT Analysis
14.3.3 CognitiveScale
14.3.3.1 Company Overview
14.3.3.2 Product Portfolio
14.3.4 Enterra Solutions LLC
14.3.4.1 Company Overview
14.3.4.2 Product Portfolio
14.3.5 Google LLC (Alphabet Inc.)
14.3.5.1 Company Overview
14.3.5.2 Product Portfolio
14.3.5.3 SWOT Analysis
14.3.6 Healthcare X.0 GmbH
14.3.6.1 Company Overview
14.3.6.2 Product Portfolio
14.3.7 Intel Corporation
14.3.7.1 Company Overview
14.3.7.2 Product Portfolio
14.3.7.3 Financials
14.3.7.4 SWOT Analysis
14.3.8 International Business Machines Corporation
14.3.8.1 Company Overview
14.3.8.2 Product Portfolio
14.3.8.3 Financials
14.3.8.4 SWOT Analysis
14.3.9 MedWhat
14.3.9.1 Company Overview
14.3.9.2 Product Portfolio
14.3.10 Microsoft Corporation
14.3.10.1 Company Overview
14.3.10.2 Product Portfolio
14.3.10.3 Financials
14.3.10.4 SWOT Analysis
List of Figures
Figure 1: Global: Healthcare Cognitive Computing Market: Major Drivers and Challenges
Figure 2: Global: Healthcare Cognitive Computing Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Healthcare Cognitive Computing Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: Healthcare Cognitive Computing Market: Breakup by Technology (in %), 2021
Figure 5: Global: Healthcare Cognitive Computing Market: Breakup by Deployment Mode (in %), 2021
Figure 6: Global: Healthcare Cognitive Computing Market: Breakup by End Use (in %), 2021
Figure 7: Global: Healthcare Cognitive Computing Market: Breakup by Region (in %), 2021
Figure 8: Global: Healthcare Cognitive Computing (Natural Language Processing) Market: Sales Value (in Million US$), 2016 & 2021
Figure 9: Global: Healthcare Cognitive Computing (Natural Language Processing) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 10: Global: Healthcare Cognitive Computing (Machine Learning) Market: Sales Value (in Million US$), 2016 & 2021
Figure 11: Global: Healthcare Cognitive Computing (Machine Learning) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 12: Global: Healthcare Cognitive Computing (Automated Reasoning) Market: Sales Value (in Million US$), 2016 & 2021
Figure 13: Global: Healthcare Cognitive Computing (Automated Reasoning) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 14: Global: Healthcare Cognitive Computing (Other Technologies) Market: Sales Value (in Million US$), 2016 & 2021
Figure 15: Global: Healthcare Cognitive Computing (Other Technologies) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 16: Global: Healthcare Cognitive Computing (On-premises) Market: Sales Value (in Million US$), 2016 & 2021
Figure 17: Global: Healthcare Cognitive Computing (On-premises) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 18: Global: Healthcare Cognitive Computing (Cloud-based) Market: Sales Value (in Million US$), 2016 & 2021
Figure 19: Global: Healthcare Cognitive Computing (Cloud-based) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 20: Global: Healthcare Cognitive Computing (Hospitals) Market: Sales Value (in Million US$), 2016 & 2021
Figure 21: Global: Healthcare Cognitive Computing (Hospitals) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 22: Global: Healthcare Cognitive Computing (Pharmaceuticals) Market: Sales Value (in Million US$), 2016 & 2021
Figure 23: Global: Healthcare Cognitive Computing (Pharmaceuticals) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 24: Global: Healthcare Cognitive Computing (Medical Devices) Market: Sales Value (in Million US$), 2016 & 2021
Figure 25: Global: Healthcare Cognitive Computing (Medical Devices) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 26: Global: Healthcare Cognitive Computing (Insurance) Market: Sales Value (in Million US$), 2016 & 2021
Figure 27: Global: Healthcare Cognitive Computing (Insurance) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 28: Global: Healthcare Cognitive Computing (Other End Uses) Market: Sales Value (in Million US$), 2016 & 2021
Figure 29: Global: Healthcare Cognitive Computing (Other End Uses) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 30: North America: Healthcare Cognitive Computing Market: Sales Value (in Million US$), 2016 & 2021
Figure 31: North America: Healthcare Cognitive Computing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 32: United States: Healthcare Cognitive Computing Market: Sales Value (in Million US$), 2016 & 2021
Figure 33: United States: Healthcare Cognitive Computing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 34: Canada: Healthcare Cognitive Computing Market: Sales Value (in Million US$), 2016 & 2021
Figure 35: Canada: Healthcare Cognitive Computing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 36: Asia-Pacific: Healthcare Cognitive Computing Market: Sales Value (in Million US$), 2016 & 2021
Figure 37: Asia-Pacific: Healthcare Cognitive Computing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 38: China: Healthcare Cognitive Computing Market: Sales Value (in Million US$), 2016 & 2021
Figure 39: China: Healthcare Cognitive Computing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 40: Japan: Healthcare Cognitive Computing Market: Sales Value (in Million US$), 2016 & 2021
Figure 41: Japan: Healthcare Cognitive Computing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 42: India: Healthcare Cognitive Computing Market: Sales Value (in Million US$), 2016 & 2021
Figure 43: India: Healthcare Cognitive Computing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 44: South Korea: Healthcare Cognitive Computing Market: Sales Value (in Million US$), 2016 & 2021
Figure 45: South Korea: Healthcare Cognitive Computing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 46: Australia: Healthcare Cognitive Computing Market: Sales Value (in Million US$), 2016 & 2021
Figure 47: Australia: Healthcare Cognitive Computing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 48: Indonesia: Healthcare Cognitive Computing Market: Sales Value (in Million US$), 2016 & 2021
Figure 49: Indonesia: Healthcare Cognitive Computing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 50: Others: Healthcare Cognitive Computing Market: Sales Value (in Million US$), 2016 & 2021
Figure 51: Others: Healthcare Cognitive Computing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 52: Europe: Healthcare Cognitive Computing Market: Sales Value (in Million US$), 2016 & 2021
Figure 53: Europe: Healthcare Cognitive Computing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 54: Germany: Healthcare Cognitive Computing Market: Sales Value (in Million US$), 2016 & 2021
Figure 55: Germany: Healthcare Cognitive Computing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 56: France: Healthcare Cognitive Computing Market: Sales Value (in Million US$), 2016 & 2021
Figure 57: France: Healthcare Cognitive Computing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 58: United Kingdom: Healthcare Cognitive Computing Market: Sales Value (in Million US$), 2016 & 2021
Figure 59: United Kingdom: Healthcare Cognitive Computing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 60: Italy: Healthcare Cognitive Computing Market: Sales Value (in Million US$), 2016 & 2021
Figure 61: Italy: Healthcare Cognitive Computing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 62: Spain: Healthcare Cognitive Computing Market: Sales Value (in Million US$), 2016 & 2021
Figure 63: Spain: Healthcare Cognitive Computing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 64: Russia: Healthcare Cognitive Computing Market: Sales Value (in Million US$), 2016 & 2021
Figure 65: Russia: Healthcare Cognitive Computing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 66: Others: Healthcare Cognitive Computing Market: Sales Value (in Million US$), 2016 & 2021
Figure 67: Others: Healthcare Cognitive Computing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 68: Latin America: Healthcare Cognitive Computing Market: Sales Value (in Million US$), 2016 & 2021
Figure 69: Latin America: Healthcare Cognitive Computing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 70: Brazil: Healthcare Cognitive Computing Market: Sales Value (in Million US$), 2016 & 2021
Figure 71: Brazil: Healthcare Cognitive Computing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 72: Mexico: Healthcare Cognitive Computing Market: Sales Value (in Million US$), 2016 & 2021
Figure 73: Mexico: Healthcare Cognitive Computing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 74: Others: Healthcare Cognitive Computing Market: Sales Value (in Million US$), 2016 & 2021
Figure 75: Others: Healthcare Cognitive Computing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 76: Middle East and Africa: Healthcare Cognitive Computing Market: Sales Value (in Million US$), 2016 & 2021
Figure 77: Middle East and Africa: Healthcare Cognitive Computing Market: Breakup by Country (in %), 2021
Figure 78: Middle East and Africa: Healthcare Cognitive Computing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 79: Global: Healthcare Cognitive Computing Industry: SWOT Analysis
Figure 80: Global: Healthcare Cognitive Computing Industry: Value Chain Analysis
Figure 81: Global: Healthcare Cognitive Computing Industry: Porter's Five Forces Analysis
List of Tables
Table 1: Global: Healthcare Cognitive Computing Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Healthcare Cognitive Computing Market Forecast: Breakup by Technology (in Million US$), 2022-2027
Table 3: Global: Healthcare Cognitive Computing Market Forecast: Breakup by Deployment Mode (in Million US$), 2022-2027
Table 4: Global: Healthcare Cognitive Computing Market Forecast: Breakup by End Use (in Million US$), 2022-2027
Table 5: Global: Healthcare Cognitive Computing Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 6: Global: Healthcare Cognitive Computing Market: Competitive Structure
Table 7: Global: Healthcare Cognitive Computing Market: Key Players
Note: Product cover images may vary from those shown
  • Apixio (Centene Corporation)
  • Apple Inc.
  • CognitiveScale
  • Enterra Solutions LLC
  • Google LLC (Alphabet Inc.)
  • Healthcare X.0 GmbH
  • Intel Corporation
  • International Business Machines Corporation
  • MedWhat
  • Microsoft Corporation
Note: Product cover images may vary from those shown

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