Back view of man patient wearing performant brainwave scanning headset sitting in neurological research laboratory while medical researcher adjusting it, examining nervous system typing on tablet.
The Natural Language Processing (NLP) In Healthcare And Life Sciences Global Market Report 2023, provides comprehensive information on the natural language processing (NLP) in healthcare and life sciences market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
Learn More On The Natural Language Processing (NLP) In Healthcare And Life Sciences Market’s Growth:
As per The Business Research Company’s Natural Language Processing (NLP) In Healthcare And Life Sciences Global Market Report 2023, the global NLP in healthcare and life sciences market is expected to grow from $2.09 billion in 2022 to $2.56 billion in 2023 at a compound annual growth rate (CAGR) of 22.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and resulted in increased interest rates affecting many markets across the globe. The NLP in healthcare and life sciences market is expected to reach $5.68 billion in 2027 at a CAGR of 22.1%.
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Technological advancements are a key trend gaining popularity in the NLP in the healthcare and life sciences market. Major companies operating in the NLP in the healthcare and life sciences market are concentrating their efforts on creating innovative technologies such as Mercury NLP. For instance, in September 2021, Melax Tech Inc., a US-based natural language processing technology developer, launched Mercury NLP, an AI technology to improve healthcare research through text extraction and normalization. It is uniquely designed to provide clinical NLP pipelines to extract relevant unstructured textual medical data to facilitate quantitative analytics in the medical and pharmaceutical industries.
The natural language processing (NLP) in healthcare and life sciences market is segmented:
1) By NLP Type: Rule-Based NLP, Statistical NLP, Hybrid NLP
2) By Component: Solutions, Services,
3) By Organization Size: Large Enterprises, Small And Midsize Enterprises (SMEs)
4) By Application: Sentiment Analysis, Drug Discovery, Clinical Trail Matching, Risk And Compliance Management, Dictation And EMR Implication, Automated Registry Reporting, AI Chatbots And Virtual Scribe, Other Applications
5) By End-User: Public Health And Government Agencies, Medical Devices, Healthcare Insurance, Pharmaceuticals, Other End-Users
North America was the largest region in the natural language processing (NLP) in healthcare and life sciences market in 2022.
The table of contents in TBRC’s natural language processing (NLP) in healthcare and life sciences market report includes:
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Top Major Players
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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
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