North America NLP (Natural Language Processing) In Healthcare And Lifesciences Market 2021: Latest Developments, Business Growth Statistics, Size with Regional Analysis 2030

In a recent published report, Kenneth Research has updated the market report for North America NLP (Natural Language Processing) In Healthcare And Lifesciences Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.

U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4  billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for North America NLP (Natural Language Processing) In Healthcare And Lifesciences Market products.

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According to the statistics by the World Bank, the current health expenditure (% of GDP) around the world increased from 9.08% in 2001 to 9.84% in 2018. Additionally, the current health expenditure per capita (current US$) increased from USD 492.99 in 2001 to USD 1110.84 in 2018. Moreover, growing concern for deaths caused due to various diseases and the need for treatment that can lower the crude death rate, which in the year 2019 recorded close to 7% (per 1000 people), are also anticipated to drive the market growth during the forecast period.

North America NLP (Natural Language Processing) In Healthcare And Lifesciences Market in its database of market research reports which provides its readers an in-depth analysis on the latest trends, growth opportunities and growth drivers that are associated with the growth of the market. The report additionally shares critical insights on North America NLP (Natural Language Processing) In Healthcare And Lifesciences Market, along with the compound growth rate (CAGR) of the market for a projected period between 2021 and 2027. The report also includes analysis of the market by utilizing different analytical tools, such as PESTEL analysis and Porter’s five forces analysis. These tools also provide an in-depth analysis on the micro and macro-environmental factors that are associated with the growth of the market during the forecast period.

Kenneth Research recently added a report on North America NLP (Natural Language Processing) In Healthcare And Lifesciences Market in its database of market research reports which provides its readers an in-depth analysis on the latest trends, growth opportunities and growth drivers that are associated with the growth of the market. The report additionally shares critical insights on North America NLP (Natural Language Processing) In Healthcare And Lifesciences Market, along with the compound growth rate (CAGR) of the market for a projected period between 2021 and 2027. The report also includes analysis of the market by utilizing different analytical tools, such as PESTEL analysis and Porter’s five forces analysis. These tools also provide an in-depth analysis on the micro and macro-environmental factors that are associated with the growth of the market during the forecast period.

Natural Language Processing or NLP consists of a broad range of applications in the healthcare and life sciences industries as it helps to convert unstructured data into standardized and structured formats. This is usually done through the combination of language, computer science, and artificial intelligence. The market for NLP in healthcare and life sciences in North America is projected to grow at a CAGR of around 23.60% during the forecast period, i.e., 2020-2027. The growth can be attributed to rising advancements in technology in these industries and the growing usage of patient health record systems.

“The Final Report will cover the impact analysis of COVID-19 on this industry.”

Download Sample of This Strategic Report-:https://www.kennethresearch.com/sample-request-10279902

The market is segmented by component, by type, by application, by deployment, and by region. 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 larger share in the market. This can be attributed to the high occurrence of on-premises solutions in North America.

However, the cloud segment is anticipated to grow at the highest rate, with a CAGR of 24.61% over the forecast period. Based on the application, the market is divided into information extraction, predictive risk analytics, machine translation, report generation, and others. The machine translation segment is predicted to hold the leading share in the market in the coming years. On the other hand, the report generation segment is estimated to grow at the highest CAGR of 26.54% between 2018 and 2027. 

“The Final Report will cover the impact analysis of COVID-19 on this industry.”

On the basis of countries, the North America NLP in the healthcare and life sciences market is bifurcated into the United States and Canada. The market in the U.S. is predicted to hold the largest market share as a result of the presence of leading companies and a growing population in the region that increases the demand for effective patient health data management systems. The market in the U.S. is estimated to attain a value of USD 3390.11 million by 2027. 

NLP in the healthcare and life sciences market in North America is projected to grow on the back of value-based care and effective health management that NLP provides. Moreover, this offers to structure unstructured patient health data which further raises the demand in the market. However, stringent government regulations and policies regarding cybersecurity are one of the growth hampering factors for the market as privacy regulation violations may result in heavy penalties and litigation.

Some of the key industry leaders in the North America NLP in the healthcare and life sciences market are Microsoft, 3M, IBM, Cerner Corporation, Health Fidelity, Inc., Dolbey, Linguamatics, and Apixio.

Table of Content:

  • Executive Summary
  • Research Methodology
  • Global Market Size (USD Million) and Forecast
  • Market Dynamics & Its Impact Analysis
  • Global Market Segmentation Analysis
  • Porter’s Five Force Model Analysis
  • Competitive Landscape
  • Company Overview
    • Financial Performance
    • Key Products
    • Business Strategy
    • Recent Developments
    • SWOT Analysis

Key Answers Captured in Report?

  • Which geography would have better demand for products/services?
  • What are the strategies adopted by big players in the regional market?
  • Which country would see the steep rise in CAGR & year-on-year (Y-O-Y) growth?
  • What is the current & expected market size in the next five years?
  • What is the market feasibility for long term investment?
  • What opportunity the country would offer for existing and new players in the market?
  • What is the risk involved for suppliers in the geography?
  • What factors would drive the demand for the product/service in the near future?
  • What is the impact analysis of various factors in market growth?

Download Sample of This Strategic Report-:
https://www.kennethresearch.com/sample-request-10279902

“The Final Report will cover the impact analysis of COVID-19 on this industry.”

About Kenneth Research:

Kenneth Research provides market research reports to different individuals, industries, associations, and organizations with the aim of helping them to take prominent decisions. Our research library comprises more than 10,000 research reports provided by more than 15 market research publishers across different industries. Our collection of market research solutions covers both the macro level as well as micro-level categories with relevant and suitable market research titles. As a global market research reselling firm, Kenneth Research provides a significant analysis of various markets with pure business intelligence and consulting services on different industries across the globe. In addition to that, our internal research team always keeps a track of the international and domestic market for any economic changes impacting the products’ demand, growth, and opportunities for new and existing players.

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