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

As per The Business Research Company’s report, the NLP in healthcare and life sciences market is projected to increase from $2.09 billion in 2022 to $2.56 billion in 2023, with a CAGR of 22.6%. Anticipated market growth will lead to a value of $5.68 billion in 2027, with a CAGR of 22.1%.

North America held the largest natural language processing (NLP) in healthcare and life sciences market share.

Natural Language Processing (NLP) In Healthcare And Life Sciences Market Driver
The expanding implementation of digital technology within the healthcare sector is fueling the NLP market in healthcare and life sciences. Digital healthcare technology involves using information and communication technologies for patient care and wellness. Natural language processing (NLP) serves as a digital healthcare tool for extracting insights from unstructured data. For instance, virtual consultations in the US surged from 7% in 2020 to 32% in 2021, while electronic health records increased by 31% in 2021. Additionally, the average number of digital tools used by physicians in the US rose to 3.8% in 2022, according to the American Medical Association. Hence, the healthcare industry’s growing digital technology adoption is expected to drive NLP growth in healthcare and life sciences.

View More On The Natural Language Processing (NLP) In Healthcare And Life Sciences Market Report 2023 – https://www.thebusinessresearchcompany.com/report/natural-language-processing-nlp-in-healthcare-and-life-sciences-global-market-report

Key Natural Language Processing (NLP) In Healthcare And Life Sciences Market Segments
The global 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

Natural Language Processing (NLP) In Healthcare And Life Sciences Market Prominent Players
Major players in the nap in healthcare and life sciences market are Google LLC, Microsoft Corporation, Optum Inc., Amazon Web Services Inc., International Business Machines Corporation, 3M Company, IQVIA Holdings Inc., Cerner Corporation, Inovalon Holdings Inc., NextGen Healthcare Inc., Welltok Inc., SparkCognition Inc., HealthFusion Inc., Syapse Inc., Apixio Inc., Conversica Inc., Infermedica, Rasa Technologies, Health Fidelity Inc., Linguamatics Ltd., Dolbey Systems Inc., SparkBeyond, Lexalytics Inc., Clinithink Ltd., Semedy AG, Sentient Technologies LLC, Zyla Health, Anumana Inc., Heath Fidelity Inc., and Averbis GmbH.

Request A Sample Of The Global Natural Language Processing (NLP) In Healthcare And Life Sciences Market Report 2023:
https://www.thebusinessresearchcompany.com/sample_request?id=12613&type=smp

Prominent Natural Language Processing (NLP) In Healthcare And Life Sciences Market Trend
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 Global Market Report 2023  provides comprehensive insights on the natural language processing (NLP) in healthcare and life sciences market size, trends and drivers, opportunities, strategies, and competitor analysis. The countries covered in the natural language processing (NLP) in healthcare and life sciences market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

View More Related Reports –
Natural Language Processing Global Market Report 2023
Life Science Analytics Global Market Report 2023
AI In Life Science Analytics Global Market Report 2023

Learn More About The Business Research Company
The Business Research Company has published over 3000+ detailed industry reports, spanning over 3000+ market segments and 60 geographies. The reports draw on 1,500,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders.

Contact us at:
The Business Research Company: https://www.thebusinessresearchcompany.com/
Americas +1 3156230293
Asia +44 2071930708
Europe +44 2071930708
Email us at info@tbrc.info

Follow us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model