Pharmiweb ChannelsAll | PharmaCo | Clinical Research | R&D/BioTech | Sales/Mktg | Healthcare | Recruitment | Pharmacy | Medical Comms

Pharmiweb.com RSS Feed Pharmiweb.com RSS Feeds

Pharmiweb.com RSS Feed PharmiWeb Candidate Blog

Pharmiweb.com RSS Feed PharmiWeb Client Blog

Advertising

Press Release

NLP in Healthcare Market and Life Sciences: 20.8% CAGR to 2021 led by Cloud Deployment

ReportsnReports
Posted on: 24 Oct 16

PUNE, India, October 24, 2016 /PRNewswire/ --

The Natural Language Processing (NLP) in healthcare and life sciences market is set to grow from USD 1.03 billion in 2016 to USD 2.65 billion by 2021 with pattern and image recognition expected to grow at a higher CAGR and cloud deployment mode to have the largest market share.

Complete report on NLP in healthcare and life sciences market spread across 132 pages, profiling 11 companies and supported with 66 tables and 46 figures is now available at http://www.reportsnreports.com/reports/412446-natural-language-processing-market-for-health-care-and-life-sciences-industry-by-type-rule-based-statistical-and-hybrid-nlp-solutions-worldwide-forecast-and-analysis-to-2015-2020.html .

The market is growing rapidly because of the huge surge in clinical data, increasing use of connected devices, and evolving consumer needs. Limited access to clinical data and lack of institutional commitment are restraining the growth of the NLP market in healthcare and life sciences industry.

The NLP in healthcare and life sciences market by technology consists of Interactive Voice Response (IVR), Optical Character Recognition (OCR), pattern and image recognition, auto coding, classification &categorization, text analytics, and speech analytics. Pattern and image recognition is expected to witness the highest CAGR. The technology is helpful in detecting images, pattern analysis, and gesture recognition. In the healthcare industry, it is used to interpret numerical data, such as blood test results. This technique is also used in processing non-numeric data, such as patient history.

The NLP in healthcare and life sciences market has been segmented by deployment mode into cloud and on-premise deployment mode. Both, on-premise and cloud-based solutions depend upon an organization's requirements. The cloud-based deployment mode is gaining high traction in the market majorly due to its numerous advantages over the on-premise mode such as the high scalability, cost-effectiveness, simplified access, and ease of use.

The report includes the study of key players offering natural language processing (NLP) in healthcare and life sciences market:3M (Minnesota), Cerner Corporation (Missouri), IBM Corporation (New York), Microsoft Corporation (Washington), Nuance Communications (Massachusetts), M*Modal (Tennessee), Health Fidelity (California), Dolbey Systems (Ohio), Linguamatics (Cambridge), and Apixio (San Mateo). Order a copy of Natural Language Processing (NLP) in Healthcare and Life Sciences Market by Component (Technology and Services), Type (Rule-based, Statistical and Hybrid), Application, Deployment Mode (Cloud and On Premise) and Region - Global Forecast to 2021 research report at http://www.reportsnreports.com/purchase.aspx?name=412446 .

Furthermore, the report also includes in-depth competitive analysis of the key players in the NLP in healthcare and life sciences market, with their company profiles, recent developments, and key market strategies. In the process of determining and verifying, the global NLP in healthcare and life sciences market size for several segments and sub segments gathered through secondary research, extensive primary interviews were conducted with key people. In Tier 1 (30%), Tier 2 (40%) and Tier 3 (30%) companies were contacted for primary interviews. The interviews were conducted with various key people such as C-level (72%), Director Level (14%) and others (14%) from various key organizations operating in the global NLP in healthcare and life sciences market. The primary interviews were conducted worldwide covering regions such as North Americas (57%), Europe (14%) and APAC (29%).

On a related note, another research on Natural Language Processing Market by Type, by Technologies by Deployment Type, Vertical & by Region - Global Forecast to 2021 says, media & entertainment and research & education verticals are expected to play a key role in the NLP market to gain maximum traction during the forecast period. The overall market is expected to grow from USD 7.63 billion in 2016 to USD 16.07 billion by 2021, at a CAGR of 16.1%. Professional services to grow at the highest CAGR from 2016-2021. Companies like 3M, Apple Incorporation, Dolbey Systems, Google, HP, IBM Incorporation, Microsoft Corporation, NetBase Solutions, SAS Institute Inc., and Verint Systems have been profiled in this 140 pages research report available at http://www.reportsnreports.com/reports/412446-natural-language-processing-market-for-health-care-and-life-sciences-industry-by-type-rule-based-statistical-and-hybrid-nlp-solutions-worldwide-forecast-and-analysis-to-2015-2020.html .

Explore more reports on the IT & telecommunication market at http://www.reportsnreports.com/market-research/information-technology/ .

About Us:   

ReportsnReports.com is your single source for all market research needs. Our database includes 500,000+ market research reports from over 100+ leading global publishers & in-depth market research studies of over 5000 micro markets. With comprehensive information about the publishers and the industries for which they publish market research reports, we help you in your purchase decision by mapping your information needs with our huge collection of reports.

Contact:
Ritesh Tiwari
2nd floor, metropole, Next to inox theatre, Bund garden road,
Pune-411001
Maharashtra, India.
Tel:  +1-888-391-5441
sales@reportsnreports.com

Connect With Us on:

Facebook:  https://www.facebook.com/ReportsnReports/

LinkedIn:  https://www.linkedin.com/company/reportsnreports

Twitter:  https: //twitter.com/marketsreports

G+ / Google Plus: https://plus.google.com/111656568937629536321/posts

RSS/Feeds: http://www.reportsnreports.com/feed/l-latestreports.xml

Editor's Details

Mike Wood
PharmiWeb.com
www.pharmiweb.com
editor@pharmiweb.com

Last updated on: 24/10/2016

Advertising
Share | | |
Site Map | Privacy & Security | Cookies | Terms and Conditions

PharmiWeb.com is Europe's leading industry-sponsored portal for the Pharmaceutical sector, providing the latest jobs, news, features and events listings.
The information provided on PharmiWeb.com is designed to support, not replace, the relationship that exists between a patient/site visitor and his/her physician.