Natural Language Processing (NLP) in Healthcare and Life Sciences Market Gaining With Web Based Applications In Medical Sector By 2018 With Apple, 3M, Google, A3logics, Microsoft, AlchemyAPI, HP

The global natural language processing (NLP) in healthcare and life sciences market is accounted for USD 1.12 billion in 2017 and is projected to grow at a CAGR of 21.2% the forecast period of 2018 to 2025. The global NLP in healthcare and life science market is fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market in order to sustain in long run.

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Market Drivers and Restraints:

• Effective utilization of internet and its web based applications.

• Emerging influence of big data and a vast amount of unstructured clinical data drives the growth of NLP in healthcare sector.

• Increased usage of connected devices.

• A challenging factor which is being faced by the healthcare and life sciences field incorporates the difficulties postured by government standards and controls.

Key Players: Global Natural Language Processing (NLP) in Healthcare and Life Sciences Market

• 3M,
• Apple,
• Google,
• Microsoft,
• A3logics,
• AlchemyAPI,

Other: Apixio, Aylien, Dolbey Systems, Fluxifi, HP, IBM, Linguamatics, Mmodal, Netbase, Nuance Communication, SAS Institute, Textalytics and Verint Systems.

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

• The global NLP in healthcare and life science market is based on component, type, application, deployment model, and geographical segments.

• Based on component, the global NLP in healthcare and life science market is segmented technology and services. Technology is further sub segmented into interactive voice response (IVR), optical character recognition (OCR), pattern and image recognition, auto coding, classification and categorization, text analytics and speech analytics. Service is further sub segmented into support and maintenance and professional services.

• Based on type, the global NLP in healthcare and life science market is segmented into rule-based, statistical and hybrid.

• Based on application, the global NLP in healthcare and life science market is segmented into machine translation, automated information extraction, report generation, predictive risk analytics and others (question answering, dialogue systems, email filtering, spelling correction, and search engine).

• Based on deployment model, the global NLP in healthcare and life science market is segmented into cloud and on-premises.

• Based on Geography, the global NLP in healthcare and life science market report covers data points for 28 countries across multiple geographies such as North America, South America, Europe, Asia-Pacific and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others.

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