Natural Language Processing (NLP) in Healthcare and Life Sciences Market Analysis-2027

SEATTLE - Dec. 31, 2020 - PRLog -- Global Natural Language Processing (NLP) in Healthcare and Life Sciences Market, by Component Type ((Technology (Interactive Voice Response, Pattern and Image Recognition, Text Analytics, and Speech Analytics) and Services)), by Application (Predictive Risk Analytics, Machine Translation, Information Extraction, and Report Generation), by Deployment Mode (On-premise and Cloud), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) was valued at US$ 1,497.89 million in 2018, and is projected to exhibit a CAGR of 26.8% over the forecast period (2018 - 2026) as highlighted in a new report published by.

Furthermore, in February 2015, Cerner acquired the Health Services business from Siemens AG, which offered a portfolio of enterprise level clinical and financial healthcare information technology solutions as well as departmental, connectivity, population health, and care coordination solutions worldwide.

Browse 34 Market Data Tables and 34 Figures spread through 176 Pages and in-depth TOC on "Natural Language Processing (NLP) in Healthcare and Life Sciences Market, by Component Type ((Technology (Interactive Voice Response, Pattern and Image Recognition, Text Analytics, and Speech Analytics) and Services)),

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Increasing customer awareness about connected health has made great impact on adoption of smart devices. Increasing adoption of smart devices for healthcare and clinical data management is a key factor driving growth of the natural language processing in healthcare and life sciences market.

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Key Takeaways of the Natural Language Processing (NLP) in Healthcare and Life Sciences Market:

The global Natural Language Processing (NLP) in healthcare and life sciences market is expected to witness a CAGR of 26.8% during the forecast period (2018–2026)

The market is expected to witness significant growth, owing increasing focus on improving customer services in the healthcare and life sciences sector

Among component type, the technology segment is expected to account for major revenue share in 2026, owing to increasing collection of unstructured data, which needs to be structured for data extraction with the help of NLP.

Major players operating in the global Natural Language Processing (NLP) in healthcare and life sciences market include, 3M, Cerner Corporation, IBM Corporation, Microsoft Corporation, Heath Fidelity, Linguamatics, Dolbey Systems Inc., and Apixio Inc.

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