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Published Date: 2017-01-20Number of Pages: 153

Healthcare Natural Language Processing (NLP) Market (Technology - Machine Translation, Information Extraction, Automatic Summarization, and Text and Voice Processing) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024

Global Healthcare Natural Language Processing Market: Snapshot

Natural language processing (NLP) technologies allows humans to interact with computers through conventional languages such as English and German instead of artificial languages such as Java and C++. These technologies use a computer to process, analyze, and generate computational linguistics on the basis of human languages. Currently, NLP technology is being extensively used in the healthcare industry as several public and private health organizations are using it for clinical applications. Hospitals and clinics are adopting these technologies to improve patient engagement and bring in efficiency in decision-making capabilities. Owing to these reasons, the global healthcare natural language processing market is expected to be worth US$4.3 bn by the end of 2024 from US$936 mn in 2015. Between the years of 2016 and 2024, the global market is expected to expand at a CAGR of 18.8%.

The demand for NLP technology is expected to surge in the coming years as it is being used as a strategic tool to derive meaningful comprehensive of clinical informatics for effective outcomes by the healthcare industry. Used as a part of artificial intelligence systems, applications of NLP technologies are being deployed for predictive analysis and clinical decision support systems. The global healthcare natural language processing market is expected to receive an impetus from the uptake of these technologies by several companies for extracting knowledge from several clinic documents via machine learning or deep learning applications. The growing volume of unstructured clinical data and the unstoppable penetration of electronics health record (EHR) systems are expected to fuel the growth of this market in the coming years.

healthcare natural language processing market

Demand for Machine Translation to Remain Steady through Forecast Period

On the basis of technology, healthcare NLP market is fragmented into machine translation, information extraction, automatic summarization, and text and voice processing. Out of these, the demand for machine translation and information extraction is expected to remain high in the healthcare applications in the coming years. The increasing influx of unstructured clinical information and pressing need for data analytics in clinical applications for text mining and document classification is expected to drive this demand. On the other hand, the text and voice processing segment is also projected to come across a plethora of opportunities in the healthcare NLP market. Factors such as growing adoption of speech recognition, and voice processing systems in EHR platforms, and artificial intelligence applications will boost the growth of the aforementioned segment.

North America Paces Ahead as Region Witnesses Spike in Number of Providers

Geographically, the global healthcare natural language processing market is segmented into North America, Europe, Asia Pacific, South America, the Middle East and Africa, and Latin America. Presently, North America and Europe are leading the global market. The dominance of North America is attributable to the growing adoption of advanced technologies in healthcare applications and a strong foothold NLP technology providers. This regional market is also likely to thrive due to growing number healthcare organizations that are focusing on real-time analytics along with the integration of data analytics in various clinical processes. Furthermore, the growing investments by companies in developing improved NLP technology and artificial intelligence with the help of machine learning and automated decision-making support systems are also expected to drive the North America healthcare natural language processing market in the coming years.

The key players 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., Verint Systems, Inc., eContext, Linguamatics Ltd., and Artificial Solution. Several companies are making terrific investments in developing advanced technologies and diversified solutions for healthcare applications.

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 NLP Market Analysis and Forecasts, 2014 – 2024 
             4.5.1. Market Revenue Projections (US$ Mn) 
     4.6. Ecosystem Analysis
     4.7. Market Outlook 

5. Global Healthcare NLP Market Analysis and Forecasts, By Technology 
     5.1. Definitions 
     5.2. Key Findings
     5.3. Key Trends
     5.4. Healthcare NLP Market Size Forecast By Technology, 2014 – 2024 (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 NLP Market Analysis and Forecasts, By Region
     6.1. Key Findings
     6.2. Healthcare NLP Market Size Forecast By Region, 2014 - 2024 
             6.2.1. North America 
             6.2.2. Europe
             6.2.3. Asia Pacific
             6.2.4. Middle East and Africa
             6.2.5. South America 
     6.3. Market Attractiveness By Country/Region

7. North America Healthcare NLP Market Analysis and Forecast 
     7.1. Key Findings
     7.2. Key Trends
     7.3. Healthcare NLP Market Size Forecast By Technology, 2014 – 2024 (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, 2014 – 2024 (US$ Mn) 
             7.4.1. The 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 NLP Market Analysis and Forecast
     8.1. Key Findings
     8.2. Key Trends
     8.3. Healthcare NLP Market Size Forecast By Technology, 2014 – 2024 (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, 2014 – 2024 (US$ Mn) 
             8.4.1. The 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 NLP Market Size Forecast By Technology, 2014 – 2024 (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, 2014 – 2024 (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 and Africa (MEA) Healthcare NLP Market Analysis and Forecast 
     10.1. Key Findings
     10.2. Key Trends
     10.3. Healthcare NLP Market Size Forecast By Technology, 2014 – 2024 (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, 2014 – 2024 (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 NLP Market Analysis and Forecast
     11.1. Key Findings
     11.2. Key Trends
     11.3. Healthcare NLP Market Size Forecast By Technology, 2014 – 2024 (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, 2014 – 2024 (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 (2015)
     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 Figures

Figure 01 Global Healthcare NLP Market Size (US$ Mn) Forecast, 2014 – 2024
Figure 02 Global Healthcare NLP Market Y-o-Y Growth (Value %) Forecast, 2014 – 2024
Figure 03 Global Healthcare NLP Market Value Share, by Technology (%), 2016
Figure 04 Global Healthcare NLP Market Value Share, by Region (%), 2016
Figure 05 Global Healthcare NLP Market Opportunity Growth Analysis (US$ Mn), 2014 – 2024
Figure 06 Global Healthcare NLP Market Value Share Analysis, by Technology, 2016 and 2024
Figure 07 Global Healthcare NLP Market Size (US$ Mn) Forecast by Technology, Machine Translation
Figure 08 Global Healthcare NLP Market Size (US$ Mn) Forecast by Technology, Information Extraction
Figure 09 Global Healthcare NLP Market Size (US$ Mn) Forecast by Technology, Automatic Summarization
Figure 10 Global Healthcare NLP Market Size (US$ Mn) Forecast by Technology, Text and Voice Processing
Figure 11 Global Healthcare NLP Market Attractiveness, by Technology (2015)
Figure 12 Global Healthcare NLP Market Value Share Analysis, by Region, 2016 and 2024
Figure 13 Global Healthcare NLP Market Attractiveness Analysis, by Region (2015)
Figure 14 North America Healthcare NLP Market Size (US$ Mn) Forecast, 2014 – 2024
Figure 15 North America Healthcare NLP Market Y-o-Y Growth (Value %) Forecast, 2014 – 2024
Figure 16 North America Healthcare NLP Market Value Share Analysis, by Technology, 2016 and 2024
Figure 17 North America Healthcare NLP Market Value Share Analysis, by Country, 2016 and 2024
Figure 18 North America Healthcare NLP Market Attractiveness Analysis, by Technology (2015)
Figure 19 North America Healthcare NLP Market Attractiveness Analysis, by Country (2015)
Figure 20 Europe Healthcare NLP Market Size (US$ Mn) Forecast, 2014 – 2024
Figure 21 Europe Healthcare NLP Market Y-o-Y Growth (Value %) Forecast, 2014 – 2024
Figure 22 Europe Healthcare NLP Market Value Share Analysis, by Technology, 2016 and 2024
Figure 23 Europe Healthcare NLP Market Value Share Analysis, by Country, 2016 and 2024
Figure 24 Europe Healthcare NLP Market Attractiveness Analysis, by Technology (2015)
Figure 25 Europe Healthcare NLP Market Attractiveness Analysis, by Country (2015)
Figure 26 Asia Pacific Healthcare NLP Market Size (US$ Mn) Forecast, 2014 – 2024
Figure 27 Asia Pacific Healthcare NLP Market Y-o-Y Growth (Value %) Forecast, 2014 – 2024
Figure 28 Asia Pacific Healthcare NLP Market Value Share Analysis, by Technology, 2016 and 2024
Figure 29 Asia Pacific Healthcare NLP Market Value Share Analysis, by Country, 2016 and 2024
Figure 30 Asia Pacific Healthcare NLP Market Attractiveness Analysis, by Technology (2015)
Figure 31 Asia Pacific Healthcare NLP Market Attractiveness Analysis, by Country (2015)
Figure 32 MEA Healthcare NLP Market Size (US$ Mn) Forecast, 2014 – 2024
Figure 33 MEA Healthcare NLP Market Y-o-Y Growth (Value %) Forecast, 2014 – 2024
Figure 34 MEA Healthcare NLP Market Value Share Analysis, by Technology, 2016 and 2024
Figure 35 MEA Healthcare NLP Market Value Share Analysis, by Country, 2016 and 2024
Figure 36 MEA Healthcare NLP Market Attractiveness Analysis, by Technology (2015)
Figure 37 MEA Healthcare NLP Market Attractiveness Analysis, by Country (2015)
Figure 38 South America Healthcare NLP Market Size (US$ Mn) Forecast, 2014 – 2024
Figure 39 South America Healthcare NLP Market Y-o-Y Growth (Value %) Forecast, 2014 – 2024
Figure 40 South America Healthcare NLP Market Value Share Analysis, by Technology, 2016 and 2024
Figure 41 South America Healthcare NLP Market Value Share Analysis, by Country, 2016 and 2024
Figure 42 South America Healthcare NLP Market Attractiveness Analysis, by Technology (2015)
Figure 43 South America Healthcare NLP Market Attractiveness Analysis, by Country (2015)
Figure 44 Global Healthcare NLP Market Share Analysis by Company (2015)

 

List of Tables

Table 01 Global Healthcare NLP Market Size (US$ Mn) Forecast, by Technology, 2014 – 2024
Table 02 Global Healthcare NLP Market Size (US$ Mn) Forecast, by Region, 2014 – 2024
Table 03 North America Healthcare NLP Market Size (US$ Mn) Forecast, by Technology, 2014 – 2024
Table 04 North America Healthcare NLP Market Size (US$ Mn) Forecast, by Country, 2014 – 2024
Table 05 Europe Healthcare NLP Market Size (US$ Mn) Forecast, by Technology, 2014 – 2024
Table 06 Europe Healthcare NLP Market Size (US$ Mn) Forecast, by Country, 2014 – 2024
Table 07 Asia Pacific Healthcare NLP Market Size (US$ Mn) Forecast, by Technology, 2014 – 2024
Table 08 Asia Pacific Healthcare NLP Market Size (US$ Mn) Forecast, by Country, 2014 – 2024
Table 09 MEA Healthcare NLP Market Size (US$ Mn) Forecast, by Technology, 2014 – 2024
Table 10 MEA Healthcare NLP Market Size (US$ Mn) Forecast, by Country, 2014 – 2024
Table 11 South America Healthcare NLP Market Size (US$ Mn) Forecast, by Technology, 2014 – 2024
Table 12 South America Healthcare NLP Market Size (US$ Mn) Forecast, by Country, 2014 – 2024

Global Healthcare Natural Language Processing Market: Overview

This report provides an analysis of the global healthcare natural language processing (NLP) market for the period from 2014 to 2024, wherein the period from 2016 to 2024 comprises the forecast period and 2015 is the base year. Data for 2014 is provided as historical information. The report details the prominent trends and technologies playing a major role in the growth of the healthcare NLP market over the forecast period. It also highlights various drivers, restraints, and opportunities expected to influence the market’s growth during this period. The study provides a holistic perspective of the growth of the healthcare NLP market throughout the forecast period in terms of revenue estimates (in US$ Mn), across Asia Pacific (APAC), South America, North America, Europe, and Middle East & Africa (MEA) regions. The report provides analysis of the global healthcare NLP market in terms of market estimates and forecasts for all the segments across different geographic regions.

The report provides extensive information on key developments of NLP system across the countries and opportunities for global healthcare NLP market. This is in consideration to the growing implementation of machine translation and information extraction technology, which is anticipated to offer prominent opportunities for healthcare NLP market across the world in near term. Furthermore, increasing integration of data and network technologies such as big data, and internet of things (IoT) has varying degree of acceptance across regions and in healthcare applications, which is further anticipated to influence the demand for NLP technology across these geographic regions during the forecast period.

Global Healthcare Natural Language Processing Market: Drivers and Trends

The increasing penetration of electronics health record (EHR) systems in healthcare applications is creating strong demand for knowledge extraction and structured information. In addition, Healthcare NLP market is mainly driven by exponentially rising volume of unstructured clinical data. The NLP technology enables health professional to enhance the overall performance of clinical process by attaining clinical communication techniques. NLP technology based systems also allow organizations to improve family and patient engagement, and assist in reduction of operational cost by elimination of traditional clinical documentation process.

Furthermore, many European countries are spending on healthcare IT expenditure in order to implement advance technologies in clinical diagnosis procedures. Healthcare organizations are implementing NLP technologies for clinical documentation purpose in order to reduce incidental errors, financial losses, and attain high quality patient care and better patient outcomes. The report includes the impact analysis of such factors under the market dynamics, categorized as the drivers and the restraints. Apart from this, the report also details on different NLP techniques while providing holistic view of the market under the ecosystem analysis. In ecosystem analysis, the study elucidates the workflow of entire healthcare NLP system from generation of unstructured data to the end-use healthcare systems.

Global Healthcare Natural Language Processing Market: Segmentation

On the basis of technology, healthcare NLP market is categorized into machine translation, information extraction, automatic summarization, and text and voice processing. The study includes global and regional key trends and key market indicators of the healthcare NLP market. The report also includes detailed information of technology segment across each region for global healthcare NLP market. Moreover, the report also includes competitive profiling of the regional and global key players associated with the healthcare NLP market. The important business strategies adopted by them, their market positioning, and recent developments have also been identified in the research report.

Key Players Mentioned in this Report are:

The growing developments in NLP technology across the healthcare applications is leading towards high competition in global healthcare NLP market. The 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.

Market Segmentation

Healthcare NLP Market, by Technology

  • Machine Translation
  • Information Extraction
  • Automatic Summarization
  • Text and Voice Processing

In addition, the report provides analysis of the healthcare NLP market with respect to the following geography segments:

  • North America
    • The U.S.
    • Canada
    • Rest of North America
  • Europe
    • The U.K.
    • Germany
    • France
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific (APAC)
    • China
    • Japan
    • India
    • Indonesia
    • Rest of APAC
  • Middle East and Africa (MEA)
    • Unite Arab Emirates (UAE)
    • Saudi Arabia
    • South Africa
    • Rest of MEA
  • South America
    • Brazil
    • Rest of South America


 
 
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