Research Nester released a report titled “North America NLP in Healthcare and Life Sciences Market: Demand Analysis & Opportunity Outlook 2027” which delivers detailed overview of the North America NLP in healthcare and life sciences market in terms of market segmentation by component, by type, by application, by deployment and by countries.

Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.

The market for Natural Language Processing (NLP) in healthcare and life sciences in North America is predicted to grow with a CAGR of about 23.60% during the forecast period, i.e., 2019-2027. NLP is a combination of language, computer science and artificial intelligence that processes unstructured data into a structured and standardized format. [Sample Copy Here]

NLP in healthcare and life sciences market in North America is segmented by component, by type, by application, by deployment and by country. Based on component, the market is bifurcated into technology and services, out of which, the technology segment is sub-segmented into speech recognition, text mining, cognitive analytics and others, while the services segment is sub-segmented into professional services and managed services.

The segment for speech recognition is predicted to hold the leading market share on account of availability of large amounts of data that is generated in the form of voice and used in the analysis of remedies and for research purposes. On the basis of deployment, the market is segmented into cloud and on-premises, out of which, the on-premises segment is estimated to hold the largest share in the market and attain a value of USD 2,823.61 million by 2027. This can be attributed to the rising prevalence of on-premises solutions in the region.

The market in North America is segmented into the U.S. and Canada. The market in the U.S. was estimated to hold the largest share of 83.26% in 2018 on account of rising technological advancements in the healthcare sector that allow maintenance of data in a structured format which can be easily accessed.

Increasing Usage of Patient Health Record Systems and other Health Management Systems to Boost the Market Growth

NLP in healthcare and life sciences market in North America is anticipated to witness significant expansion in the upcoming years as a result of rising digital transformations in the healthcare and life sciences industries and growing usage of patient health record systems in the region. The management of these health records through machine learning and NLP based advanced systems is a leading factor responsible for the market growth. However, the strict regulations and compliances related to cyber security is anticipated to become a major growth hampering factor for the market.

This report also provides the existing competitive scenario of some of the key players of the North America NLP in healthcare and life sciences market which includes company profiling of IBM, 3M, Microsoft, Cerner Corporation, Health Fidelity, Inc., Linguamatics, Dolbey and Apixio. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the North America NLP in healthcare and life sciences market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.

You need to be a member of Global Risk Community to add comments!

Join Global Risk Community

Votes: 0
Email me when people reply –

[Free COVID-19 Framework] What's the path to recovery look like?

We created a free presentation (attached), which discusses both global and organizational impacts of the COVID-19 pandemic, along with critical actions organizations should take immediately. This presentation introduces a framework that helps regions and organizations navigate a path to recovery via 9 potential scenarios. These scenarios capture outcomes related to GDP impact, public health response, and economic policies. The presentation also breaks down 6 immediate and critical actions…

Read more…
3 Replies · Reply by Boris Agranovich Jan 2, 2021
Views: 110

If risk management is about decision making, are current risk management solutions irrelevant?

Now that the updated COSO and ISO risk management standards emphasize a connection to enterprise objectives and decision making, does this mean ERM and GRC solutions focused on risk registers and regulatory compliance are missing the true value of risk management?Will current risk management solutions evolve to integrate more decision support functionality or will standalone prescriptive analytics and other technology solutions take a more prominent role in enabling risk-informed…

Read more…
3 Replies
Views: 74

A question related to classification of instruments between trading and banking book.

We have an interesting question from one of our members.       "We usually perform OTC FX transactions with clients backed-to-back on the market (with Banks). Now we are going to perform a FX swap (i.e. Spot + forward) JPY/EUR for the Bank account for 1 week at the longest. The purpose is to get EUR place @ CB for LCR compliance purpose (no trading purposes). Bank's Management think that this should be considered as a trading position and therefore be classified within the Bank's trading book.…

Read more…
4 Replies
Views: 180

Plunging oil prices: curse or blessing in disguise?

The recent sudden crash of oil prices has had a major impact on the world economy, leading to many troubled faces in the international arena. The Russians fear the effects of yet another powerful hit on their economy, Venezuela seems to be considering default and the Americans are weary of the consequences for its young and emerging shale oil industry. And then you have the Middle East, where the smallest match is enough to ignite the largest fire. But are these worries really justified or…

Read more…
1 Reply
Views: 42

Introducing the Global Risk Series - Book 1 Risk Management How Tos

Dear GlobalRisk Community member, Our community’s mission is to foster business, networking and educational explorations among members. Learn from some of the top experts in the industry as they clearly explain how to approach the most important Risk management concepts. Check out their expert tips and use the link at the end of each article to navigate back to the website to leave your comment or ask a question. Some of the topics include: How do you Explain Risk Appetite?  How to Prepare a…

Read more…
14 Replies · Reply by Boris Agranovich Sep 12
Views: 470

    About Us

    The GlobalRisk Community is a thriving community of risk managers and associated service providers. Our purpose is to foster business, networking and educational explorations among members. Our goal is to be the worlds premier Risk forum and contribute to better understanding of the complex world of risk.

    Business Partners

    For companies wanting to create a greater visibility for their products and services among their prospects in the Risk market: Send your business partnership request by filling in the form here!

lead