Global NLP In Healthcare and Life Sciences Market Research Report Forecast 2030
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The market for NLP In Healthcare and Life Sciences is projected to exceed USD 5,614 million by 2030 from 1,442 million in 2019, at a CAGR of 20.81% throughout the forecast period i.e. 2020-2030. The market is anticipated to grow on the back of growing adoption of EHR.
The proliferation of data amounting in healthcare companies has forced vendors to adopt NLP solutions and help clinicians, researchers, and physicians to simplify and manage their decision-making process.
Global NLP in Healthcare and Life Sciences Market: Segments
Services segment to surge at a highest CAGR of xx% during 2020-2030
The global market for NLP in healthcare and life sciences is segmented by component into Standalone Solutions and Services (Support & Maintenance, Professional Services). Among these, services segment is estimated to hold the largest market share of xx% in the year 2019.
Global NLP in Healthcare and Life Sciences Market: Drivers and Restraints
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Growing Adoption of EHR
The NLP in healthcare and life sciences market across the globe is mainly driven by the considerable rise in terms of volume of the unorganized clinical information. Growing adoption of the Electronic Health Records (EHR) systems in the healthcare industry is leading to creation of vast amounts of clinical data that comprises of patient details and their diagnosis procedures along with other relevant information such as the details of their medication.
Hampering of Market Growth in the Coming Years
NLP implementation is a major challenge in the healthcare and life sciences sector, which is expected to hamper the market growth over the forecast period. There are many regions in the world where healthcare facilities have a very little access for the general population along with lack of healthcare expenditure expected to hamper the NLP in healthcare and life sciences market.
Global NLP in Healthcare and Life Sciences Market: Regions
North America to grow with the highest CAGR of xx% during 2020-2030
Region-wise, the market for NLP in healthcare and life sciences market is segmented into North America, Latin America, Europe, Middle East & Africa and Asia Pacific. Among these, North America is witnessed to hold the largest market share of xx% in the year 2019 owing to the significant developments in NLP in healthcare and life sciences market.
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Last Update : Sep 14, 2020
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