The global NLP in healthcare and life sciences market was valued at USD 2.39 billion in 2022 and it is predicted to surpass around USD 26.75 billion by 2032 with a CAGR of 27.3% from 2023 to 2032.
Key Pointers
Report Scope of the NLP in Healthcare and Life Sciences Market
Report Coverage | Details |
Market Size in 2022 | USD 2.39 billion |
Revenue Forecast by 2032 | USD 26.75 billion |
Growth rate from 2023 to 2032 | CAGR of 27.3% |
Base Year | 2022 |
Forecast Period | 2023 to 2032 |
Regions Covered | North America, Europe, Asia Pacific, Latin America, Middle East & Africa |
Companies Covered | 3M Company, Alphabet Inc., Amazon.com, Inc., Averbis GmbH, Cerner Corporation, Clinithink, Conversica Inc., Dolbey Systems, Inc., Health Fidelity, Inc., Hewlett Packard Enterprise Development LP, IBM Corporation, Inovalon, IQVIA Holdings Inc., Lexalytics, Microsoft Corporation, SparkCognition, and Wave Health Technologies. |
NLP is frequently utilized in the healthcare and life sciences as it can extract data from enormous amounts of clinical data and refine it for better physician preparation and assessment. Doctors may spend as much time with their patients and give them their full attention due to the natural language processing platform.
Several clinicians prefer printed or typed voice notes. As a result, the natural language processing platform may be utilized to analyze speech and update data accurately. Unstructured data in real-world data sources like EHRs, patient forums, and other sources make extracting usable insights from the data challenging and time-consuming. This issue is alleviated by AI-powered natural language processing technology. Healthcare and life sciences companies use natural language processing in drug discovery, text mining EHR data, and utilizing data to produce future insights for commercial advantages, resulting in actionable insights that improve care and efficacy.
The NLP in healthcare and life sciences market is driven by the rising public and private R&D investment in the natural language processing platforms. For instance, in August 2021, the Denmark government focused on strengthening research and development for natural language processing in healthcare and life sciences. NLP is a branch of linguistics and computer sciences concerned with the interactions of systems, and human language is a key component in the development and application of artificial intelligence (AI). However, because only about six million people understand Danish, solutions based solely on the danish language are ineffective.
Growth Drivers
The natural language processing in healthcare and life sciences market has observed extensive developments in the last few decades, supported by factors such as the rising market demand for enhanced customer services. Customer's market demand for better healthcare and life sciences services is expected to drive natural language processing in healthcare and life sciences market expansion.
The leading players in the global NLP in healthcare and life sciences market are focused on expanding digital technologies in the healthcare industry. Natural language processing is a subset of artificial intelligence (AI) that fosters human-machine interaction. For instance, in September 2021, Mercury natural language processing was launched by Melax Tech, an AI-powered software provider of natural language processing technology. The new software includes clinical NLP pipelines for extracting useful unstructured textual medical data for quantitative analytics in medicine and pharmaceuticals.
Mercury NLP provides quick and easy access to text data in various forms, and the program can be used in a HIPAA-compliant cloud environment or on-premise. Mercury NLP software by Melax Tech extracts text data from diagnoses, recommended medications, tests, lab results, discharge plans, and more in real-time. The technique can also be used to improve public health by analyzing social determinants of health data. These abrasive solutions reduce the number of workers needed in the healthcare and life science industry while increasing productivity in the back office and clinical environments.
NLP in Healthcare and Life Sciences Market Segmentations:
By Component | By NLP Type | By Deployment Mode | By Organization Size |
Solutions Services |
Rule-based Natural Language Processing Statistical Natural Language Processing Hybrid Natural Language Processing |
On-premises Cloud |
Large Enterprises SMEs |
By Application | By NLP Technique | By End User |
Sentiment Analysis Drug Discovery Clinical Trial Matching Risk & Compliance Management Dictation & EMR Implications Automated Registry Reporting AI Chatbots & Virtual Scribe Other |
Optical Character Recognition (OCR) Interactive Voice Response (IVR) Sentiment Analysis Text & Speech Analytics Image & Pattern Recognition Text Summarization & Categorization Other |
Public Health & Government Agencies Medical Devices Healthcare Insurance Pharmaceuticals Other |
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. Market Dynamics Analysis and Trends
5.1. Market Dynamics
5.1.1. Market Drivers
5.1.2. Market Restraints
5.1.3. Market Opportunities
5.2. Porter’s Five Forces Analysis
5.2.1. Bargaining power of suppliers
5.2.2. Bargaining power of buyers
5.2.3. Threat of substitute
5.2.4. Threat of new entrants
5.2.5. Degree of competition
Chapter 6. Competitive Landscape
6.1.1. Company Market Share/Positioning Analysis
6.1.2. Key Strategies Adopted by Players
6.1.3. Vendor Landscape
6.1.3.1. List of Suppliers
6.1.3.2. List of Buyers
Chapter 7. Global NLP in Healthcare and Life Sciences Market, By Component
7.1. NLP in Healthcare and Life Sciences Market, by Component, 2023-2032
7.1.1. Solutions
7.1.1.1. Market Revenue and Forecast (2020-2032)
7.1.2. Services
7.1.2.1. Market Revenue and Forecast (2020-2032)
Chapter 8. Global NLP in Healthcare and Life Sciences Market, By NLP Type
8.1. NLP in Healthcare and Life Sciences Market, by NLP Type, 2023-2032
8.1.1. Rule-based Natural Language Processing
8.1.1.1. Market Revenue and Forecast (2020-2032)
8.1.2. Statistical Natural Language Processing
8.1.2.1. Market Revenue and Forecast (2020-2032)
8.1.3. Hybrid Natural Language Processing
8.1.3.1. Market Revenue and Forecast (2020-2032)
Chapter 9. Global NLP in Healthcare and Life Sciences Market, By Deployment Mode
9.1. NLP in Healthcare and Life Sciences Market, by Deployment Mode, 2023-2032
9.1.1. On-premises
9.1.1.1. Market Revenue and Forecast (2020-2032)
9.1.2. Cloud
9.1.2.1. Market Revenue and Forecast (2020-2032)
Chapter 10. Global NLP in Healthcare and Life Sciences Market, By Organization Size
10.1. NLP in Healthcare and Life Sciences Market, by Organization Size, 2023-2032
10.1.1. Large Enterprises
10.1.1.1. Market Revenue and Forecast (2020-2032)
10.1.2. SMEs
10.1.2.1. Market Revenue and Forecast (2020-2032)
Chapter 11. Global NLP in Healthcare and Life Sciences Market, By Application
11.1. NLP in Healthcare and Life Sciences Market, by Application, 2023-2032
11.1.1. Sentiment Analysis
11.1.1.1. Market Revenue and Forecast (2020-2032)
11.1.2. Drug Discovery
11.1.2.1. Market Revenue and Forecast (2020-2032)
11.1.3. Clinical Trial Matching
11.1.3.1. Market Revenue and Forecast (2020-2032)
11.1.4. Risk & Compliance Management
11.1.4.1. Market Revenue and Forecast (2020-2032)
11.1.5. Dictation & EMR Implications
11.1.5.1. Market Revenue and Forecast (2020-2032)
11.1.6. Automated Registry Reporting
11.1.6.1. Market Revenue and Forecast (2020-2032)
11.1.7. AI Chatbots & Virtual Scribe
11.1.7.1. Market Revenue and Forecast (2020-2032)
11.1.8. Others
11.1.8.1. Market Revenue and Forecast (2020-2032)
Chapter 12. Global NLP in Healthcare and Life Sciences Market, By NLP Technique
12.1. NLP in Healthcare and Life Sciences Market, by NLP Technique, 2023-2032
12.1.1. Optical Character Recognition (OCR)
12.1.1.1. Market Revenue and Forecast (2020-2032)
12.1.2. Interactive Voice Response (IVR)
12.1.2.1. Market Revenue and Forecast (2020-2032)
12.1.3. Sentiment Analysis
12.1.3.1. Market Revenue and Forecast (2020-2032)
12.1.4. Text & Speech Analytics
12.1.4.1. Market Revenue and Forecast (2020-2032)
12.1.5. Image & Pattern Recognition
12.1.5.1. Market Revenue and Forecast (2020-2032)
12.1.6. Text Summarization & Categorization
12.1.6.1. Market Revenue and Forecast (2020-2032)
12.1.7. Others
12.1.7.1. Market Revenue and Forecast (2020-2032)
Chapter 13. Global NLP in Healthcare and Life Sciences Market, By End User
13.1. NLP in Healthcare and Life Sciences Market, by End User, 2023-2032
13.1.1. Public Health & Government Agencies
13.1.1.1. Market Revenue and Forecast (2020-2032)
13.1.2. Medical Devices
13.1.2.1. Market Revenue and Forecast (2020-2032)
13.1.3. Healthcare Insurance
13.1.3.1. Market Revenue and Forecast (2020-2032)
13.1.4. Pharmaceuticals
13.1.4.1. Market Revenue and Forecast (2020-2032)
13.1.5. Others
13.1.5.1. Market Revenue and Forecast (2020-2032)
Chapter 14. Global NLP in Healthcare and Life Sciences Market, Regional Estimates and Trend Forecast
14.1. North America
14.1.1. Market Revenue and Forecast, by Component (2020-2032)
14.1.2. Market Revenue and Forecast, by NLP Type (2020-2032)
14.1.3. Market Revenue and Forecast, by Deployment Mode (2020-2032)
14.1.4. Market Revenue and Forecast, by Organization Size (2020-2032)
14.1.5. Market Revenue and Forecast, by Application (2020-2032)
14.1.6. Market Revenue and Forecast, by End User (2020-2032)
14.1.7. Market Revenue and Forecast, by NLP Technique (2020-2032)
14.1.8. U.S.
14.1.8.1. Market Revenue and Forecast, by Component (2020-2032)
14.1.8.2. Market Revenue and Forecast, by NLP Type (2020-2032)
14.1.8.3. Market Revenue and Forecast, by Deployment Mode (2020-2032)
14.1.8.4. Market Revenue and Forecast, by Organization Size (2020-2032)
14.1.8.5. Market Revenue and Forecast, by Application (2020-2032)
14.1.8.6. Market Revenue and Forecast, by End User (2020-2032)
14.1.8.7. Market Revenue and Forecast, by NLP Technique (2020-2032)
14.1.9. Rest of North America
14.1.9.1. Market Revenue and Forecast, by Component (2020-2032)
14.1.9.2. Market Revenue and Forecast, by NLP Type (2020-2032)
14.1.9.3. Market Revenue and Forecast, by Deployment Mode (2020-2032)
14.1.9.4. Market Revenue and Forecast, by Organization Size (2020-2032)
14.1.9.5. Market Revenue and Forecast, by Application (2020-2032)
14.1.9.6. Market Revenue and Forecast, by End User (2020-2032)
14.1.9.7. Market Revenue and Forecast, by NLP Technique (2020-2032)
14.2. Europe
14.2.1. Market Revenue and Forecast, by Component (2020-2032)
14.2.2. Market Revenue and Forecast, by NLP Type (2020-2032)
14.2.3. Market Revenue and Forecast, by Deployment Mode (2020-2032)
14.2.4. Market Revenue and Forecast, by Organization Size (2020-2032)
14.2.5. Market Revenue and Forecast, by Application (2020-2032)
14.2.6. Market Revenue and Forecast, by End User (2020-2032)
14.2.7. Market Revenue and Forecast, by NLP Technique (2020-2032)
14.2.8. UK
14.2.8.1. Market Revenue and Forecast, by Component (2020-2032)
14.2.8.2. Market Revenue and Forecast, by NLP Type (2020-2032)
14.2.8.3. Market Revenue and Forecast, by Deployment Mode (2020-2032)
14.2.8.4. Market Revenue and Forecast, by Organization Size (2020-2032)
14.2.8.5. Market Revenue and Forecast, by Application (2020-2032)
14.2.8.6. Market Revenue and Forecast, by End User (2020-2032)
14.2.8.7. Market Revenue and Forecast, by NLP Technique (2020-2032)
14.2.9. Germany
14.2.9.1. Market Revenue and Forecast, by Component (2020-2032)
14.2.9.2. Market Revenue and Forecast, by NLP Type (2020-2032)
14.2.9.3. Market Revenue and Forecast, by Deployment Mode (2020-2032)
14.2.9.4. Market Revenue and Forecast, by Organization Size (2020-2032)
14.2.9.5. Market Revenue and Forecast, by Application (2020-2032)
14.2.9.6. Market Revenue and Forecast, by End User (2020-2032)
14.2.9.7. Market Revenue and Forecast, by NLP Technique (2020-2032)
14.2.10. France
14.2.10.1. Market Revenue and Forecast, by Component (2020-2032)
14.2.10.2. Market Revenue and Forecast, by NLP Type (2020-2032)
14.2.10.3. Market Revenue and Forecast, by Deployment Mode (2020-2032)
14.2.10.4. Market Revenue and Forecast, by Organization Size (2020-2032)
14.2.10.5. Market Revenue and Forecast, by Application (2020-2032)
14.2.10.6. Market Revenue and Forecast, by End User (2020-2032)
14.2.10.7. Market Revenue and Forecast, by NLP Technique (2020-2032)
14.2.11. Rest of Europe
14.2.11.1. Market Revenue and Forecast, by Component (2020-2032)
14.2.11.2. Market Revenue and Forecast, by NLP Type (2020-2032)
14.2.11.3. Market Revenue and Forecast, by Deployment Mode (2020-2032)
14.2.11.4. Market Revenue and Forecast, by Organization Size (2020-2032)
14.2.11.5. Market Revenue and Forecast, by Application (2020-2032)
14.2.11.6. Market Revenue and Forecast, by End User (2020-2032)
14.2.11.7. Market Revenue and Forecast, by NLP Technique (2020-2032)
14.3. APAC
14.3.1. Market Revenue and Forecast, by Component (2020-2032)
14.3.2. Market Revenue and Forecast, by NLP Type (2020-2032)
14.3.3. Market Revenue and Forecast, by Deployment Mode (2020-2032)
14.3.4. Market Revenue and Forecast, by Organization Size (2020-2032)
14.3.5. Market Revenue and Forecast, by Application (2020-2032)
14.3.6. Market Revenue and Forecast, by End User (2020-2032)
14.3.7. Market Revenue and Forecast, by NLP Technique (2020-2032)
14.3.8. India
14.3.8.1. Market Revenue and Forecast, by Component (2020-2032)
14.3.8.2. Market Revenue and Forecast, by NLP Type (2020-2032)
14.3.8.3. Market Revenue and Forecast, by Deployment Mode (2020-2032)
14.3.8.4. Market Revenue and Forecast, by Organization Size (2020-2032)
14.3.8.5. Market Revenue and Forecast, by Application (2020-2032)
14.3.8.6. Market Revenue and Forecast, by End User (2020-2032)
14.3.8.7. Market Revenue and Forecast, by NLP Technique (2020-2032)
14.3.9. China
14.3.9.1. Market Revenue and Forecast, by Component (2020-2032)
14.3.9.2. Market Revenue and Forecast, by NLP Type (2020-2032)
14.3.9.3. Market Revenue and Forecast, by Deployment Mode (2020-2032)
14.3.9.4. Market Revenue and Forecast, by Organization Size (2020-2032)
14.3.9.5. Market Revenue and Forecast, by Application (2020-2032)
14.3.9.6. Market Revenue and Forecast, by End User (2020-2032)
14.3.9.7. Market Revenue and Forecast, by NLP Technique (2020-2032)
14.3.10. Japan
14.3.10.1. Market Revenue and Forecast, by Component (2020-2032)
14.3.10.2. Market Revenue and Forecast, by NLP Type (2020-2032)
14.3.10.3. Market Revenue and Forecast, by Deployment Mode (2020-2032)
14.3.10.4. Market Revenue and Forecast, by Organization Size (2020-2032)
14.3.10.5. Market Revenue and Forecast, by Application (2020-2032)
14.3.10.6. Market Revenue and Forecast, by End User (2020-2032)
14.3.10.7. Market Revenue and Forecast, by NLP Technique (2020-2032)
14.3.11. Rest of APAC
14.3.11.1. Market Revenue and Forecast, by Component (2020-2032)
14.3.11.2. Market Revenue and Forecast, by NLP Type (2020-2032)
14.3.11.3. Market Revenue and Forecast, by Deployment Mode (2020-2032)
14.3.11.4. Market Revenue and Forecast, by Organization Size (2020-2032)
14.3.11.5. Market Revenue and Forecast, by Application (2020-2032)
14.3.11.6. Market Revenue and Forecast, by End User (2020-2032)
14.3.11.7. Market Revenue and Forecast, by NLP Technique (2020-2032)
14.4. MEA
14.4.1. Market Revenue and Forecast, by Component (2020-2032)
14.4.2. Market Revenue and Forecast, by NLP Type (2020-2032)
14.4.3. Market Revenue and Forecast, by Deployment Mode (2020-2032)
14.4.4. Market Revenue and Forecast, by Organization Size (2020-2032)
14.4.5. Market Revenue and Forecast, by Application (2020-2032)
14.4.6. Market Revenue and Forecast, by End User (2020-2032)
14.4.7. Market Revenue and Forecast, by NLP Technique (2020-2032)
14.4.8. GCC
14.4.8.1. Market Revenue and Forecast, by Component (2020-2032)
14.4.8.2. Market Revenue and Forecast, by NLP Type (2020-2032)
14.4.8.3. Market Revenue and Forecast, by Deployment Mode (2020-2032)
14.4.8.4. Market Revenue and Forecast, by Organization Size (2020-2032)
14.4.8.5. Market Revenue and Forecast, by Application (2020-2032)
14.4.8.6. Market Revenue and Forecast, by End User (2020-2032)
14.4.8.7. Market Revenue and Forecast, by NLP Technique (2020-2032)
14.4.9. North Africa
14.4.9.1. Market Revenue and Forecast, by Component (2020-2032)
14.4.9.2. Market Revenue and Forecast, by NLP Type (2020-2032)
14.4.9.3. Market Revenue and Forecast, by Deployment Mode (2020-2032)
14.4.9.4. Market Revenue and Forecast, by Organization Size (2020-2032)
14.4.9.5. Market Revenue and Forecast, by Application (2020-2032)
14.4.9.6. Market Revenue and Forecast, by End User (2020-2032)
14.4.9.7. Market Revenue and Forecast, by NLP Technique (2020-2032)
14.4.10. South Africa
14.4.10.1. Market Revenue and Forecast, by Component (2020-2032)
14.4.10.2. Market Revenue and Forecast, by NLP Type (2020-2032)
14.4.10.3. Market Revenue and Forecast, by Deployment Mode (2020-2032)
14.4.10.4. Market Revenue and Forecast, by Organization Size (2020-2032)
14.4.10.5. Market Revenue and Forecast, by Application (2020-2032)
14.4.10.6. Market Revenue and Forecast, by End User (2020-2032)
14.4.10.7. Market Revenue and Forecast, by NLP Technique (2020-2032)
14.4.11. Rest of MEA
14.4.11.1. Market Revenue and Forecast, by Component (2020-2032)
14.4.11.2. Market Revenue and Forecast, by NLP Type (2020-2032)
14.4.11.3. Market Revenue and Forecast, by Deployment Mode (2020-2032)
14.4.11.4. Market Revenue and Forecast, by Organization Size (2020-2032)
14.4.11.5. Market Revenue and Forecast, by Application (2020-2032)
14.4.11.6. Market Revenue and Forecast, by End User (2020-2032)
14.4.11.7. Market Revenue and Forecast, by NLP Technique (2020-2032)
14.5. Latin America
14.5.1. Market Revenue and Forecast, by Component (2020-2032)
14.5.2. Market Revenue and Forecast, by NLP Type (2020-2032)
14.5.3. Market Revenue and Forecast, by Deployment Mode (2020-2032)
14.5.4. Market Revenue and Forecast, by Organization Size (2020-2032)
14.5.5. Market Revenue and Forecast, by Application (2020-2032)
14.5.6. Market Revenue and Forecast, by End User (2020-2032)
14.5.7. Market Revenue and Forecast, by NLP Technique (2020-2032)
14.5.8. Brazil
14.5.8.1. Market Revenue and Forecast, by Component (2020-2032)
14.5.8.2. Market Revenue and Forecast, by NLP Type (2020-2032)
14.5.8.3. Market Revenue and Forecast, by Deployment Mode (2020-2032)
14.5.8.4. Market Revenue and Forecast, by Organization Size (2020-2032)
14.5.8.5. Market Revenue and Forecast, by Application (2020-2032)
14.5.8.6. Market Revenue and Forecast, by End User (2020-2032)
14.5.8.7. Market Revenue and Forecast, by NLP Technique (2020-2032)
14.5.9. Rest of LATAM
14.5.9.1. Market Revenue and Forecast, by Component (2020-2032)
14.5.9.2. Market Revenue and Forecast, by NLP Type (2020-2032)
14.5.9.3. Market Revenue and Forecast, by Deployment Mode (2020-2032)
14.5.9.4. Market Revenue and Forecast, by Organization Size (2020-2032)
14.5.9.5. Market Revenue and Forecast, by Application (2020-2032)
14.5.9.6. Market Revenue and Forecast, by End User (2020-2032)
14.5.9.7. Market Revenue and Forecast, by NLP Technique (2020-2032)
Chapter 15. Company Profiles
15.1. 3M Company
15.1.1. Company Overview
15.1.2. Product Offerings
15.1.3. Financial Performance
15.1.4. Recent Initiatives
15.2. Alphabet Inc.
15.2.1. Company Overview
15.2.2. Product Offerings
15.2.3. Financial Performance
15.2.4. Recent Initiatives
15.3. Amazon.com, Inc.
15.3.1. Company Overview
15.3.2. Product Offerings
15.3.3. Financial Performance
15.3.4. Recent Initiatives
15.4. Averbis GmbH
15.4.1. Company Overview
15.4.2. Product Offerings
15.4.3. Financial Performance
15.4.4. Recent Initiatives
15.5. Cerner Corporation
15.5.1. Company Overview
15.5.2. Product Offerings
15.5.3. Financial Performance
15.5.4. Recent Initiatives
15.6. Clinithink
15.6.1. Company Overview
15.6.2. Product Offerings
15.6.3. Financial Performance
15.6.4. Recent Initiatives
15.7. Conversica Inc.
15.7.1. Company Overview
15.7.2. Product Offerings
15.7.3. Financial Performance
15.7.4. Recent Initiatives
15.8. Dolbey Systems, Inc.
15.8.1. Company Overview
15.8.2. Product Offerings
15.8.3. Financial Performance
15.8.4. Recent Initiatives
15.9. Health Fidelity, Inc.
15.9.1. Company Overview
15.9.2. Product Offerings
15.9.3. Financial Performance
15.9.4. Recent Initiatives
15.10. Hewlett Packard Enterprise Development LP
15.10.1. Company Overview
15.10.2. Product Offerings
15.10.3. Financial Performance
15.10.4. Recent Initiatives
Chapter 16. Research Methodology
16.1. Primary Research
16.2. Secondary Research
16.3. Assumptions
Chapter 17. Appendix
17.1. About Us
17.2. Glossary of Terms