The global natural language processing (nlp) in healthcare and life sciences market is projected to reach usd 6.24 billion by 2025, growing at a cagr of 21.02% from 2017 to 2025 and top key players are ibm corporation google, hewlett packard enterprise co

The Global Natural Language Processing (NLP) in Healthcare and Life Sciences Market was valued at USD 1.12 billion in 2016 and is projected to reach USD 6.24 billion by 2025, growing at a CAGR of 21.02% from 2017 to 2025. Natural language processing for healthcare and life sciences is a field of computer science, artificial intelligence, and computational linguistics which gives computers the ability to understand human speech as it is spoken. It enables clinical and research medical community to create, manage and use a wide variety of semi-structured and unstructured textual documents. Applications of NLP for healthcare and life sciences include processing of enormous amounts of data by utilizing high-end NLP technologies for information extraction, automatic speech recognition, machine translation, and dialogue systems.

Request For Free Sample- https://www.kennethresearch.com/sample-request-10059668

Sample Infographics:
Market Dynamics:
1. Market Drivers
1.1 Proper government policies and increasing initiatives
1.2 Integration of social media for assessing population health
1.3 Rising consumer needs
1.4 Growing usage of connected devices
1.5 Increasing surge in clinical data
2. Market Restraints
2.1 Unstructured clinical notes and texts
2.2 Poor institutional commitment
2.3 Limited access to clinical data

Market Segmentation:
The Global Natural Language Processing (NLP) in Healthcare and Life Sciences Market is segmented on the type, component, deployment model, application, and region.

1. Type:
1.1 Statistical
1.2 Rule-based
1.3 Hybrid

2. By Component:
2.1 Technology
2.2 Services
2.2.1 Managed services
2.2.2 Professional services
2.2.2.1 Support and maintenance services
2.2.2.2 Consulting services

Buy Now- https://www.kennethresearch.com/report-purchase-id-10059668

3. By Deployment Mode:
3.1 Cloud
3.2 On-premises

4. By Application:
4.1 Machine Translation
4.2 Question Answering
4.3 Automated Information Extraction
4.4 Email Filtering
4.5 Report Generation
4.6 Spelling Correction
4.7 Predictive Risk Analytics

5. By Region:
5.1 North America (U.S., Canada, Mexico)
5.2 Europe (Germany, UK, France, Rest of Europe)
5.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
5.4 Latin America (Brazil, Argentina, Rest of Latin America)
5.5 Middle East & Africa

Competitive Landscape:
The major players in the market are as follows:
1. IBM Corporation
2. Google
3. Hewlett Packard Enterprise Company
4. Heath Fidelity
5. 3M
6. Apixio
7. Nuance Communications, Inc.
8. Linguamatics
9. Microsoft Corporation
10. Dolbey Systems, Inc.
11. Mmodal IP PLC
12. Clinithink Inc.
13. Cerner Corporation
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.

Read More- https://www.kennethresearch.com/report-details/global-natural-language-processing-nlp-in-healthcare-and-life-sciences-market/10059668

About Kenneth Research

Kenneth Research is a reselling agency providing market research solutions in different verticals such as Automotive and Transportation, Chemicals and Materials, Healthcare, Food & Beverage and Consumer Packaged Goods, Semiconductors, Electronics & ICT, Packaging, and Others. Our portfolio includes set of market research insights such as market sizing and market forecasting, market share analysis and key positioning of the players (manufacturers, deals and distributors, etc), understanding the competitive landscape and their business at a ground level and many more. Our research experts deliver the offerings efficiently and effectively within a stipulated time. The market study provided by Kenneth Research helps the Industry veterans/investors to think and to act wisely in their overall strategy formulation

Contact Us

1412 Broadway,
21st Floor Suite MA111,
New York, NY 10018

Name:David
Email:sales@kennethresearch.com
Phone: +1 313 462 0609

This release was published on openPR.