Insights Into The Healthcare Cognitive Computing Market’s Growth Opportunities Through 2023-2032 – Includes Healthcare Cognitive Computing Market Forecast
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
The growing prevalence of chronic diseases are expected to drive innovation in healthcare cognitive computing manufacturing, thus driving the market during the forecast period.
The global healthcare cognitive computing market is expected to grow from $4.84 billion in 2022 to $5.98 billion in 2023 at a compound annual growth rate (CAGR) of 23.5%. The healthcare cognitive computing market size is expected to grow to $13.90 billion in 2027 at a CAGR of 23.5%.
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- By Technology: Natural Language Processing, Machine Learning, Automated Reasoning, Other Technology
- By Deployment Mode: On-premises, Cloud-based
- By End Use: Hospitals, Pharmaceuticals, Medical Devices, Insurance, Other End uses
- By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America is the largest region in the global healthcare cognitive computing market in 2021.
Major Market Players in the healthcare cognitive computing market include Apixio Inc., CognitiveScale, Healthcare X.0 GmbH, MedWhat, Palantir Technologies, Apple Inc., Google LLC, Intel Corporation, Microsoft Corporation.
Technological advancement has emerged as the key trend gaining popularity in the healthcare cognitive computing market. Major companies operating in the market are developing advanced technologies to strengthen their position in the market. For instance, in 2022, Apixio Inc., a US-based company operating in healthcare cognitive computing, launched Apicare ChartSpace, an artificial-driven health data management solution to provide real-time data access with improved security of data. This provides a centralized location across programs for chart data management, which allows healthcare organizations to search, filter, view, and download charts directly anytime, and provides chart-level insights on diagnosis codes and ad-hoc analytics. Apicare ChartSpace also enables users to securely store and share charts of different formats (PDFs, images, HTML, CCDA, and FHIR) that have been retrieved from various EHRs and other data sources in a centralized location.
The Healthcare Cognitive Computing Global Market Report 2023 provides a healthcare cognitive computing market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The healthcare cognitive computing market forecast analyzes healthcare cognitive computing market size, healthcare cognitive computing market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Healthcare cognitive computing is the use of logic, language processing, machine learning, and human capabilities to solve problems and analyze data. This is used in the healthcare industry to cope with massive amounts of unstructured healthcare data, such as patient histories, diagnoses, ailments, and journal research papers.
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