Global Healthcare Natural Language Processing Market – Overview
Natural language processing or NLP generally refers to the interaction between human and computer that analyzes, processes, and produces computational linguistics all based on a human language. The NLP technology helps humans to have a meaningful interaction with computers using basic human language such as German or English instead of artificial computer languages such as C++ or Java. Currently, the implementation of the NLP technology is growing in the global healthcare industry. Several public as well as private healthcare service providers such as clinics and notable hospitals are adopting NLP technology for clinical applications to improve their patient engagement and overall decision making capabilities. In addition to this, the NLP technology is primarily implemented as a tactical tool by these healthcare service providers to gain clinical data insights and effective data results after clinical processes. The NLP technology is mainly used in the artificial intelligence systems to get improved data insights. These applications with the natural language processing integration are used in the healthcare industry for clinical decision support system and predictive analysis. Similarly, numerous companies are now implementing deep learning or machine learning applications with the aid of the natural language processing technology to gain knowledge from several clinical documents.
As per the research report by Transparency Market Research about the global healthcare natural language processing market is expected to be on course to reach a hefty valuation worth US$7,450.8 mn by the year 2027. This growth of the global market is expected to be achieved with the help of a massive CAGR of 19.1% over the course of the given forecast period of 2019 to 2027. Of the different regional segment of the global market, North America is projected to head the lot in terms of value, which will then be followed by the regional segment of Europe.
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Growing EHR Adoption to Drive Market Development
The healthcare natural language processing market is mainly driven by the considerable rise in terms of volume of the unorganized clinical information. Growing adoption of the EHR (electronics health records) systems in the global healthcare industry is leading to creation of vast amounts of clinical data that comprises of patient details and their diagnosis procedures along with other relevant information such as the details of their medication. In addition to this, the integration of NLP technology with computer apps helps these healthcare service providers to improve patient and their family engagement experience. It also helps them in cutting down the operational costs by removing the need for paper-based clinical documentation procedures.
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North America to Continue Leading Market in Coming Years
In terms of geographical segmentation, there are five major regions of the global healthcare natural language processing language market. These regions are Latin America, Europe, Asia Pacific, Middle East and Africa, and North America. Of these, currently, the global market is being dominated by the regional segment of North America. The market in North America receives the benefits of getting newer technologies early and experimenting with them. Moreover, being home to several notable players operating in the healthcare natural language processing market, the region enjoys superior growth rate as compared to the other regional market. In addition to this, presence of a matured and highly developed healthcare infrastructure also helps in the further bolstering of the market scope.
Some of the key companies operating in the global healthcare natural language processing market are NLP Technologies Inc., NEC Corporation, Apple Inc., Microsoft Corporation, Dolbey Systems Inc., IBM Corporation, NetBase Solutions Inc., SAS Institute Inc., Microsoft Corporation, Verint Systems Inc., eContext, Artificial Solutions, and Linguamatics Ltd. among others.
The market is projected to expand at a CAGR of 19.1% from 2019 to 2027.
NLP is the ability of computers to understand the latest human speech terms and text. It is used in current technology to support spam email privacy, personal voice assistants, and language translation applications. The adoption of Healthcare Natural Language Processing (NLP) Market is rising because of its recognized potential to search, analyze, and interpret a mammoth amount of patient datasets.
Key application leveraging Healthcare Natural Language Processing (NLP) Market and services include IVR, pattern and image recognition, summarization and categorization, text and speech analytics, predictive risk analytics, reporting and visualization, and other applications (question answering, sentiment analysis, spelling correction, and email filtration).
The key drivers supporting the growth of the Healthcare Natural Language Processing (NLP) Market include the rising urge of predictive analytics technology to reduce risks and improve significant health concerns, growing demand for improving EHR data usability to improve healthcare delivery and outcomes, and increasing need to analyze and extract insights from narrative text and huge amount of clinical data.
Major players in global healthcare NLP market include NLP Technologies, Inc., NEC Corporation, Apple, Inc., Microsoft Corporation, Dolbey Systems, Inc., IBM Corporation, NetBase Solutions, Inc., SAS Institute, Inc., Verint Systems, Inc., eContext, Linguamatics Ltd., and Artificial Solutions.
1. Preface
1.1. Market Definition and Scope
1.2. Market Segmentation
1.3. Key Research Objectives
1.4. Research Highlights
2. Assumptions and Research Methodology
3. Executive Summary: Global Healthcare Natural Language Processing (NLP) Market
4. Market Overview
4.1. Introduction
4.1.1. Evolution/Development
4.2. Key Market Indicators
4.2.1. Growth in Healthcare AI
4.3. Market Dynamics
4.3.1. Drivers
4.3.2. Restraints
4.3.3. Opportunities
4.4. Techniques Overview: Natural Language Processing (NLP)
4.4.1. Word or Entity Analysis
4.4.2. Relationship and Event Analysis
4.4.3. Syntactic Analysis
4.4.4. Document Analysis
4.5. Global Healthcare Natural Language Processing (NLP) Market Analysis and Forecasts, 2017 – 2027
4.5.1. Market Revenue Projections (US$ Mn)
4.6. Ecosystem Analysis
4.7. Market Outlook
5. Global Healthcare Natural Language Processing (NLP) Market Analysis and Forecasts, By Technology
5.1. Definitions
5.2. Key Findings
5.3. Key Trends
5.4. Healthcare Natural Language Processing (NLP) Market Size Forecast, by Technology, 2017 – 2027 (US$ Mn)
5.4.1. Machine Translation
5.4.2. Information Extraction
5.4.3. Automatic Summarization
5.4.4. Text and Voice Processing
5.5. Technology Comparison Matrix
5.6. Market Attractiveness, by Technology
6. Global Healthcare Natural Language Processing (NLP) Market Analysis and Forecasts, By Region
6.1. Key Findings
6.2. Healthcare Natural Language Processing (NLP) Market Size Forecast, by Region, 2017 – 2027
6.2.1. North America
6.2.2. Europe
6.2.3. Asia Pacific
6.2.4. Middle East & Africa
6.2.5. South America
6.3. Market Attractiveness, by Country/Region
7. North America Healthcare Natural Language Processing (NLP) Market Analysis and Forecast
7.1. Key Findings
7.2. Key Trends
7.3. Healthcare Natural Language Processing (NLP) Market Size Forecast, by Technology, 2017 – 2027 (US$ Mn)
7.3.1. Machine Translation
7.3.2. Information Extraction
7.3.3. Automatic Summarization
7.3.4. Text and Voice Processing
7.4. Market Size Forecast, by Country, 2017 – 2027 (US$ Mn)
7.4.1. U.S.
7.4.2. Canada
7.4.3. Rest of North America
7.5. Market Attractiveness Analysis
7.5.1. By Country
7.5.2. By Technology
8. Europe Healthcare Natural Language Processing (NLP) Market Analysis and Forecast
8.1. Key Findings
8.2. Key Trends
8.3. Healthcare Natural Language Processing (NLP) Market Size Forecast, by Technology, 2017 – 2027 (US$ Mn)
8.3.1. Machine Translation
8.3.2. Information Extraction
8.3.3. Automatic Summarization
8.3.4. Text and Voice Processing
8.4. Market Size Forecast, by Country, 2017 – 2027 (US$ Mn)
8.4.1. U.K.
8.4.2. Germany
8.4.3. France
8.4.4. Spain
8.4.5. Italy
8.4.6. Rest of Europe
8.5. Market Attractiveness Analysis
8.5.1. By Country
8.5.2. By Technology
9. Asia Pacific NLP Market Analysis and Forecast
9.1. Key Findings
9.2. Key Trends
9.3. Healthcare Natural Language Processing (NLP) Market Size Forecast, by Technology, 2017 – 2027 (US$ Mn)
9.3.1. Machine Translation
9.3.2. Information Extraction
9.3.3. Automatic Summarization
9.3.4. Text and Voice Processing
9.4. Market Size Forecast, by Country, 2017 – 2027 (US$ Mn)
9.4.1. China
9.4.2. Japan
9.4.3. India
9.4.4. Indonesia
9.4.5. Rest of Asia Pacific
9.5. Market Attractiveness Analysis
9.5.1. By Country
9.5.2. By Technology
10. Middle East & Africa (MEA) Healthcare Natural Language Processing (NLP) Market Analysis and Forecast
10.1. Key Findings
10.2. Key Trends
10.3. Healthcare Natural Language Processing (NLP) Market Size Forecast, by Technology, 2017 – 2027 (US$ Mn)
10.3.1. Machine Translation
10.3.2. Information Extraction
10.3.3. Automatic Summarization
10.3.4. Text and Voice Processing
10.4. Market Size Forecast, by Country, 2017 – 2027 (US$ Mn)
10.4.1. UAE
10.4.2. South Africa
10.4.3. Saudi Arabia
10.4.4. Rest of MEA
10.5. Market Attractiveness Analysis
10.5.1. By Country
10.5.2. By Technology
11. South America Healthcare Natural Language Processing (NLP) Market Analysis and Forecast
11.1. Key Findings
11.2. Key Trends
11.3. Healthcare Natural Language Processing (NLP) Market Size Forecast, by Technology, 2017 – 2027 (US$ Mn)
11.3.1. Machine Translation
11.3.2. Information Extraction
11.3.3. Automatic Summarization
11.3.4. Text and Voice Processing
11.4. Market Size Forecast, by Country, 2017 – 2027 (US$ Mn)
11.4.1. Brazil
11.4.2. Rest of South America
11.5. Market Attractiveness Analysis
11.5.1. By Country
11.5.2. By Technology
12. Competition Landscape
12.1. Market Player – Competition Matrix
12.2. Market Share Analysis, by Company (2018)
12.3. Company Profiles
12.3.1. NLP Technologies.
12.3.1.1. Company Details (HQ, Foundation Year, Employee Strength)
12.3.1.2. Market Presence, By Segment and Geography
12.3.1.3. SWOT Analysis
12.3.1.4. Strategy
12.3.1.5. Revenue
12.3.2. NEC Corporation
12.3.2.1. Company Details (HQ, Foundation Year, Employee Strength)
12.3.2.2. Market Presence, By Segment and Geography
12.3.2.3. SWOT Analysis
12.3.2.4. Strategy
12.3.2.5. Revenue
12.3.3. Apple, Inc.
12.3.3.1. Company Details (HQ, Foundation Year, Employee Strength)
12.3.3.2. Market Presence, By Segment and Geography
12.3.3.3. SWOT Analysis
12.3.3.4. Strategy
12.3.3.5. Revenue
12.3.4. Microsoft Corporation
12.3.4.1. Company Details (HQ, Foundation Year, Employee Strength)
12.3.4.2. Market Presence, By Segment and Geography
12.3.4.3. SWOT Analysis
12.3.4.4. Strategy
12.3.4.5. Revenue
12.3.5. Dolbey Systems
12.3.5.1. Company Details (HQ, Foundation Year, Employee Strength)
12.3.5.2. Market Presence, By Segment and Geography
12.3.5.3. SWOT Analysis
12.3.5.4. Strategy
12.3.5.5. Revenue
12.3.6. IBM Corporation
12.3.6.1. Company Details (HQ, Foundation Year, Employee Strength)
12.3.6.2. Market Presence, By Segment and Geography
12.3.6.3. SWOT Analysis
12.3.6.4. Strategy
12.3.6.5. Revenue
12.3.7. NetBase Solutions, Inc.
12.3.7.1. Company Details (HQ, Foundation Year, Employee Strength)
12.3.7.2. Market Presence, By Segment and Geography
12.3.7.3. SWOT Analysis
12.3.7.4. Strategy
12.3.7.5. Revenue
12.3.8. SAS Institute Inc.
12.3.8.1. Company Details (HQ, Foundation Year, Employee Strength)
12.3.8.2. Market Presence, By Segment and Geography
12.3.8.3. SWOT Analysis
12.3.8.4. Strategy
12.3.8.5. Revenue
12.3.9. Verint Systems, Inc.
12.3.9.1. Company Details (HQ, Foundation Year, Employee Strength)
12.3.9.2. Market Presence, By Segment and Geography
12.3.9.3. SWOT Analysis
12.3.9.4. Strategy
12.3.9.5. Revenue
12.3.10. eContext
12.3.10.1. Company Details (HQ, Foundation Year, Employee Strength)
12.3.10.2. Market Presence, By Segment and Geography
12.3.10.3. SWOT Analysis
12.3.10.4. Strategy
12.3.10.5. Revenue
12.3.11. Linguamatics Ltd.
12.3.11.1. Company Details (HQ, Foundation Year, Employee Strength)
12.3.11.2. Market Presence, By Segment and Geography
12.3.11.3. SWOT Analysis
12.3.11.4. Strategy
12.3.11.5. Revenue
12.3.12. Artificial Solutions
12.3.12.1. Company Details (HQ, Foundation Year, Employee Strength)
12.3.12.2. Market Presence, By Segment and Geography
12.3.12.3. SWOT Analysis
12.3.12.4. Strategy
12.3.12.5. Revenue
13. Key Takeaways
List of Tables
Table 01 Global Healthcare Natural Language Processing (NLP) Market Size (US$ Mn) Forecast, by Technology, 2017 – 2027
Table 02 Global Healthcare Natural Language Processing (NLP) Market Size (US$ Mn) Forecast, by Region, 2017 – 2027
Table 03 North America Healthcare Natural Language Processing (NLP) Market Size (US$ Mn) Forecast, by Technology, 2017 – 2027
Table 04 North America Healthcare Natural Language Processing (NLP) Market Size (US$ Mn) Forecast, by Country, 2017 – 2027
Table 05 Europe Healthcare Natural Language Processing (NLP) Market Size (US$ Mn) Forecast, by Technology, 2017 – 2027
Table 06 Europe Healthcare Natural Language Processing (NLP) Market Size (US$ Mn) Forecast, by Country, 2017 – 2027
Table 07 Asia Pacific Healthcare Natural Language Processing (NLP) Market Size (US$ Mn) Forecast, by Technology, 2017 – 2027
Table 08 Asia Pacific Healthcare Natural Language Processing (NLP) Market Size (US$ Mn) Forecast, by Country, 2017 – 2027
Table 09 MEA Healthcare Natural Language Processing (NLP) Market Size (US$ Mn) Forecast, by Technology, 2017 – 2027
Table 10 MEA Healthcare Natural Language Processing (NLP) Market Size (US$ Mn) Forecast, by Country, 2017 – 2027
Table 11 South America Healthcare Natural Language Processing (NLP) Market Size (US$ Mn) Forecast, by Technology, 2017 – 2027
Table 12 South America Healthcare Natural Language Processing (NLP) Market Size (US$ Mn) Forecast, by Country, 2017 – 2027
List of Figures
Figure 01 Global Healthcare Natural Language Processing (NLP) Market Size (US$ Mn) Forecast, 2017 – 2027
Figure 02 Global Healthcare Natural Language Processing (NLP) Market Y-o-Y Growth (Value %) Forecast, 2017 – 2027
Figure 03 Global Healthcare Natural Language Processing (NLP) Market Value Share, by Technology (%), 2018
Figure 04 Global Healthcare Natural Language Processing (NLP) Market Value Share, by Region (%), 2018
Figure 05 Global Healthcare Natural Language Processing (NLP) Market Opportunity Growth Analysis (US$ Mn), 2017 – 2027
Figure 06 Global Healthcare Natural Language Processing (NLP) Market Value Share Analysis, by Technology, 2019 and 2027
Figure 07 Global Healthcare Natural Language Processing (NLP) Market Size (US$ Mn) Forecast by Technology, Machine Translation
Figure 08 Global Healthcare Natural Language Processing (NLP) Market Size (US$ Mn) Forecast by Technology, Information Extraction
Figure 09 Global Healthcare Natural Language Processing (NLP) Market Size (US$ Mn) Forecast by Technology, Automatic Summarization
Figure 10 Global Healthcare Natural Language Processing (NLP) Market Size (US$ Mn) Forecast by Technology, Text and Voice Processing
Figure 11 Global Healthcare Natural Language Processing (NLP) Market Attractiveness, by Technology (2018)
Figure 12 Global Healthcare Natural Language Processing (NLP) Market Value Share Analysis, by Region, 2019 and 2027
Figure 13 Global Healthcare Natural Language Processing (NLP) Market Attractiveness Analysis, by Region (2018)
Figure 14 North America Healthcare Natural Language Processing (NLP) Market Size (US$ Mn) Forecast, 2017 – 2027
Figure 15 North America Healthcare Natural Language Processing (NLP) Market Y-o-Y Growth (Value %) Forecast, 2017 – 2027
Figure 16 North America Healthcare Natural Language Processing (NLP) Market Value Share Analysis, by Technology, 2019 and 2027
Figure 17 North America Healthcare Natural Language Processing (NLP) Market Value Share Analysis, by Country, 2019 and 2027
Figure 18 North America Healthcare Natural Language Processing (NLP) Market Attractiveness Analysis, by Technology (2018)
Figure 19 North America Healthcare Natural Language Processing (NLP) Market Attractiveness Analysis, by Country (2018)
Figure 20 Europe Healthcare Natural Language Processing (NLP) Market Size (US$ Mn) Forecast, 2017 – 2027
Figure 21 Europe Healthcare Natural Language Processing (NLP) Market Y-o-Y Growth (Value %) Forecast, 2017 – 2027
Figure 22 Europe Healthcare Natural Language Processing (NLP) Market Value Share Analysis, by Technology, 2019 and 2027
Figure 23 Europe Healthcare Natural Language Processing (NLP) Market Value Share Analysis, by Country, 2019 and 2027
Figure 24 Europe Healthcare Natural Language Processing (NLP) Market Attractiveness Analysis, by Technology (2018)
Figure 25 Europe Healthcare Natural Language Processing (NLP) Market Attractiveness Analysis, by Country (2018)
Figure 26 Asia Pacific Healthcare Natural Language Processing (NLP) Market Size (US$ Mn) Forecast, 2017 – 2027
Figure 27 Asia Pacific Healthcare Natural Language Processing (NLP) Market Y-o-Y Growth (Value %) Forecast, 2017 – 2027
Figure 28 Asia Pacific Healthcare Natural Language Processing (NLP) Market Value Share Analysis, by Technology, 2019 and 2027
Figure 29 Asia Pacific Healthcare Natural Language Processing (NLP) Market Value Share Analysis, by Country, 2019 and 2027
Figure 30 Asia Pacific Healthcare Natural Language Processing (NLP) Market Attractiveness Analysis, by Technology (2018)
Figure 31 Asia Pacific Healthcare Natural Language Processing (NLP) Market Attractiveness Analysis, by Country (2018)
Figure 32 MEA Healthcare Natural Language Processing (NLP) Market Size (US$ Mn) Forecast, 2017 – 2027
Figure 33 MEA Healthcare Natural Language Processing (NLP) Market Y-o-Y Growth (Value %) Forecast, 2017 – 2027
Figure 34 MEA Healthcare Natural Language Processing (NLP) Market Value Share Analysis, by Technology, 2019 and 2027
Figure 35 MEA Healthcare Natural Language Processing (NLP) Market Value Share Analysis, by Country, 2019 and 2027
Figure 36 MEA Healthcare Natural Language Processing (NLP) Market Attractiveness Analysis, by Technology (2018)
Figure 37 MEA Healthcare Natural Language Processing (NLP) Market Attractiveness Analysis, by Country (2018)
Figure 38 South America Healthcare Natural Language Processing (NLP) Market Size (US$ Mn) Forecast, 2017 – 2027
Figure 39 South America Healthcare Natural Language Processing (NLP) Market Y-o-Y Growth (Value %) Forecast, 2017 – 2027
Figure 40 South America Healthcare Natural Language Processing (NLP) Market Value Share Analysis, by Technology, 2019 and 2027
Figure 41 South America Healthcare Natural Language Processing (NLP) Market Value Share Analysis, by Country, 2019 and 2027
Figure 42 South America Healthcare Natural Language Processing (NLP) Market Attractiveness Analysis, by Technology (2018)
Figure 43 South America Healthcare Natural Language Processing (NLP) Market Attractiveness Analysis, by Country (2018)
Figure 44 Global Healthcare Natural Language Processing (NLP) Market Share Analysis by Company (2018)
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Healthcare Natural Language Processing (NLP) Market
