+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)

Natural Language Processing (NLP) in Healthcare and Life Sciences Market Size & Share to 2027

  • PDF Icon

    Report

  • 188 Pages
  • April 2022
  • Region: Global
  • Qualiket Research
  • ID: 5578461
Natural Language Processing (NLP) in Healthcare and Life Sciences Market Size, Trends & Growth Opportunity, By Type (Statistical, Rule-Based, and Hybrid), By Component (Technology, and Services (Managed Services, Professional Services, Support & Maintenance Services, and Consulting Services)),By Deployment type (Cloud & On Premise), By Application, By Region and Forecast till 2027

Natural Language Processing (NLP) in Healthcare and Life Sciences Market

Natural processing language processing (NLP) platform is used in the specific areas of healthcare and life sciences sector which includes clinical documentation, electrical health records, risk management. This platform helps both consumer and service provider to easy workflow. Rise in adoption of digital technology in healthcare industry and customer preference for better healthcare services is expected to boost the market growth over the forecast Period.

Market Drivers


Rise in data operations and use of smart devices is expected to propel the natural language processing (NLP) in healthcare and life sciences market growth. Healthcare and life sciences sector generates large amount of data that is driven by compliance and regulatory requirements, patient care, and record keeping. Increase in trend of digitalization and data driven solutions to improve healthcare delivery system is expected to fuel the market growth. Therefore, increase data driven operations and decision making is major driving factor which is expected to drive the market growth. Moreover, many physicians prefer voice notes instead of handwritten of typed ones. Therefore natural language processing platform can be used to easily interpret speech and update patient records.

Market Restraints


Natural language processing (NLP) platform implementation is a major challenge in healthcare and life sciences industry, which is expected to hinder the market growth during this forecast timeline. There are many countries across the globe where healthcare facilities have very little access for general population. Also, lack of healthcare expenditure will hamper the growth of global natural language processing in healthcare and life sciences market.

Market Segmentation


Natural Language Processing (NLP) in Healthcare and Life Sciences Market is segmented into type such as Statistical, Rule-Based, and Hybrid, by component such as Technology, and Services (Managed Services, Professional Services, Support & Maintenance Services, and Consulting Services), by deployment type such as Cloud, and On-Premises. Further, market is segmented into application such as Machine Translation, Question Answering, Automated Information Extraction, Email Filtering, Spelling Correction, and Predictive Risk Analytics.

Also, Natural Language Processing (NLP) in Healthcare and Life Sciences Market is segmented various regions including North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.

Market Key Players


Some of the key players operating in the Natural Language Processing (NLP) in Healthcare and Life Sciences Market report including 3M, MICROSOFT, CERNER, DOLBEY, NUANCE, IBM, APIXIO, AVERBIS, AWS, GOOGLE

Market Taxonomy


By Type

  • Statistical
  • Rule-Based
  • Hybrid

By Component

  • Technology
  • Services

 Managed Services

 Professional Services

 Support & Maintenance Services

 Consulting Services

By Deployment Type

  • Cloud
  • On-Premises

By Application

  • Machine Translation
  • Question Answering
  • Automated Information Extraction
  • Email Filtering
  • Spelling Correction
  • Predictive Risk Analytics

By Region

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East & Africa

Key Questions Addressed by the Report

  • What are the Key Opportunities in Natural Language Processing (NLP) in Healthcare and Life Sciences Market?
  • What will be the growth rate from 2019 to 2027?
  • Which segment/region will have highest growth?
  • What are the factors that will impact/drive the Market?
  • What is the competitive Landscape in the Industry?
  • What is the role of key players in the value chain?
  • What are the strategies adopted by key players?

Table of Contents

1 Introduction
1.1 Objective of the Study
1.2 Market Definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Natural Language Processing (NLP) in Healthcare and Life Sciences Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Natural Language Processing (NLP) in Healthcare and Life Sciences Market, By Type
5.1 Y-o-Y Growth Comparison, By Type
5.2 Natural Language Processing (NLP) in Healthcare and Life Sciences Market Share Analysis, By Type
5.3 Natural Language Processing (NLP) in Healthcare and Life Sciences Market Size and Forecast, By Type
5.3.1 Statistical
5.3.2 Rule-Based
5.3.3 Hybrid
6 Natural Language Processing (NLP) in Healthcare and Life Sciences Market, By Component
6.1 Y-o-Y Growth Comparison, By Component
6.2 Natural Language Processing (NLP) in Healthcare and Life Sciences Market Share Analysis, By Component
6.3 Natural Language Processing (NLP) in Healthcare and Life Sciences Market Size and Forecast, By Component
6.3.1 Technology
6.3.2 Services
6.3.2.1 Managed Services
6.3.2.2 Professional Services
6.3.2.3 Support & Maintenance Services
6.3.2.4 Consulting Services
7 Natural Language Processing (NLP) in Healthcare and Life Sciences Market, By Deployment Type
7.1 Y-o-Y Growth Comparison, By Deployment Type
7.2 Natural Language Processing (NLP) in Healthcare and Life Sciences Market Share Analysis, By Deployment Type
7.3 Natural Language Processing (NLP) in Healthcare and Life Sciences Market Size and Forecast, By Deployment Type
7.3.1 Cloud
7.3.2 On-Premise
8 Natural Language Processing (NLP) in Healthcare and Life Sciences Market, By Application
8.1 Y-o-Y Growth Comparison, By Application
8.2 Natural Language Processing (NLP) in Healthcare and Life Sciences Market Share Analysis, By Application
8.3 Natural Language Processing (NLP) in Healthcare and Life Sciences Market Size and Forecast, By Application
8.3.1 Machine Translation
8.3.2 Question Answering
8.3.3 Automated Information Extraction
8.3.4 Email Filtering
8.3.5 Spelling Correction
8.3.6 Predictive Risk Analytics
9 Natural Language Processing (NLP) in Healthcare and Life Sciences Market, By Region
9.1 Natural Language Processing (NLP) in Healthcare and Life Sciences Market Share Analysis, By Region
9.2 Natural Language Processing (NLP) in Healthcare and Life Sciences Market Share Analysis, By Region
9.3 Natural Language Processing (NLP) in Healthcare and Life Sciences Market Size and Forecast, By Region
10 North America Natural Language Processing (NLP) in Healthcare and Life Sciences Analysis and Forecast (2020 - 2027)
10.1 Introduction
10.2 North America Natural Language Processing (NLP) in Healthcare and Life Sciences Product Market Share Analysis, By Type
10.3 North America Natural Language Processing (NLP) in Healthcare and Life Sciences Product Market Size and Forecast, By Component
10.4 North America Natural Language Processing (NLP) in Healthcare and Life Sciences Product Market Size and Forecast, By Deployment Type
10.5 North America Natural Language Processing (NLP) in Healthcare and Life Sciences Product Market Size and Forecast, By Application
10.6 North America Natural Language Processing (NLP) in Healthcare and Life Sciences Product Market Size and Forecast, By Country
10.6.1 U.S.
10.6.2 Canada
10.6.3 Mexico
11 Europe Natural Language Processing (NLP) in Healthcare and Life Sciences Market Analysis and Forecast (2020 - 2027)
11.1 Introduction
11.2 Europe Natural Language Processing (NLP) in Healthcare and Life Sciences Product Market Share Analysis, By Type
11.3 Europe Natural Language Processing (NLP) in Healthcare and Life Sciences Product Market Size and Forecast, By Component
11.4 Europe Natural Language Processing (NLP) in Healthcare and Life Sciences Product Market Size and Forecast, By Deployment Type
11.5 Europe Natural Language Processing (NLP) in Healthcare and Life Sciences Product Market Size and Forecast, By Application
11.6 Europe Natural Language Processing (NLP) in Healthcare and Life Sciences Product Market Size and Forecast, By Country
11.6.1 Germany
11.6.2 France
11.6.3 UK
11.6.4 Rest of Europe
12 Asia Pacific Natural Language Processing (NLP) in Healthcare and Life Sciences Market Analysis and Forecast (2020 - 2027)
12.1 Introduction
12.2 Asia Pacific Natural Language Processing (NLP) in Healthcare and Life Sciences Product Market Share Analysis, By Type
12.3 Asia Pacific Natural Language Processing (NLP) in Healthcare and Life Sciences Product Market Size and Forecast, By Component
12.4 Asia Pacific Natural Language Processing (NLP) in Healthcare and Life Sciences Product Market Size and Forecast, By Deployment Type
12.5 Asia Pacific Natural Language Processing (NLP) in Healthcare and Life Sciences Product Market Size and Forecast, By Application
12.6 Asia Pacific Natural Language Processing (NLP) in Healthcare and Life Sciences Product Market Size and Forecast, By Country
12.6.1 China
12.6.2 Japan
12.6.3 India
12.6.4. Rest of Asia Pacific
13 Latin America Natural Language Processing (NLP) in Healthcare and Life Sciences Market Analysis and Forecast (2020 - 2027)
13.1 Introduction
13.2 Latin America Natural Language Processing (NLP) in Healthcare and Life Sciences Product Market Share Analysis, By Type
13.3 Latin America Natural Language Processing (NLP) in Healthcare and Life Sciences Product Market Size and Forecast, By Component
13.4 Latin America Natural Language Processing (NLP) in Healthcare and Life Sciences Product Market Size and Forecast, By Deployment Type
13.5 Latin America Natural Language Processing (NLP) in Healthcare and Life Sciences Product Market Size and Forecast, By Application
13.6 Latin America Natural Language Processing (NLP) in Healthcare and Life Sciences Product Market Size and Forecast, By Country
14 Middle East Natural Language Processing (NLP) in Healthcare and Life Sciences Market Analysis and Forecast (2020 - 2027)
14.1 Introduction
14.2 Middle East Natural Language Processing (NLP) in Healthcare and Life Sciences Product Market Share Analysis, By Type
14.3 Middle East Natural Language Processing (NLP) in Healthcare and Life Sciences Product Market Size and Forecast, By Component
14.4 Middle East Natural Language Processing (NLP) in Healthcare and Life Sciences Product Market Size and Forecast, By Deployment Type
14.5 Middle East Natural Language Processing (NLP) in Healthcare and Life Sciences Product Market Size and Forecast, By Application
14.6 Middle East Natural Language Processing (NLP) in Healthcare and Life Sciences Product Market Size and Forecast, By Country
15 Competitive Analysis
15.1 Competition Dashboard
15.2 Market share Analysis of Top Vendors
15.3 Key Development Strategies
16 Company Profiles
16.1 3M
16.1.1 Overview
16.1.2 Offerings
16.1.3 Key Financials
16.1.4 Business Segment & Geographic Overview
16.1.5 Key Market Developments
16.1.6 Key Strategies
16.2 MICROSOFT
16.2.1 Overview
16.2.2 Offerings
16.2.3 Key Financials
16.2.4 Business Segment & Geographic Overview
16.2.5 Key Market Developments
16.2.6 Key Strategies
16.3 CERNER
16.3.1 Overview
16.3.2 Offerings
16.3.3 Key Financials
16.3.4 Business Segment & Geographic Overview
16.3.5 Key Market Developments
16.3.6 Key Strategies
16.4 DOLBEY
16.4.1 Overview
16.4.2 Offerings
16.4.3 Key Financials
16.4.4 Business Segment & Geographic Overview
16.4.5 Key Market Developments
16.4.6 Key Strategies
16.5 NUANCE
16.5.1 Overview
16.5.2 Offerings
16.5.3 Key Financials
16.5.4 Business Segment & Geographic Overview
16.5.5 Key Market Developments
16.5.6 Key Strategies
16.6 IBM
16.6.1 Overview
16.6.2 Offerings
16.6.3 Key Financials
16.6.4 Business Segment & Geographic Overview
16.6.5 Key Market Developments
16.6.6 Key Strategies
16.7 APIXIO
16.7.1 Overview
16.7.2 Offerings
16.7.3 Key Financials
16.7.4 Business Segment & Geographic Overview
16.7.5 Key Market Developments
16.7.6 Key Strategies
16.8 AVERBIS
16.8.1 Overview
16.8.2 Offerings
16.8.3 Key Financials
16.8.4 Business Segment & Geographic Overview
16.8.5 Key Market Developments
16.8.6 Key Strategies
16.9 AWS
16.9.1 Overview
16.9.2 Offerings
16.9.3 Key Financials
16.9.4 Business Segment & Geographic Overview
16.9.5 Key Market Developments
16.9.6 Key Strategies
16.10 GOOGLE
16.10.1 Overview
16.10.2 Offerings
16.10.3 Key Financials
16.10.4 Business Segment & Geographic Overview
16.10.5 Key Market Developments
16.10.6 Key Strategies

Companies Mentioned

  • 3M
  • MICROSOFT
  • CERNER
  • DOLBEY
  • NUANCE
  • IBM
  • APIXIO
  • AVERBIS
  • AWS
  • GOOGLE