Healthcare Industry Emerging as the Leader in NLP Solution A...| MENAFN.COM

Friday, 28 January 2022 10:14 GMT

Healthcare Industry Emerging as the Leader in NLP Solution Adoption


(MENAFNEditorial)

The report titled showcases an in-depth analysis of the market in terms of market size application solution end-user geography and technology. This report also forecasts the growth numbers till 2019 (on a YoY basis) and hence suggests the Compound Annual Growth Rate (CAGR) for the estimated period.

Dynamicity in Healthcare Industry fueling the adoption

Healthcare Industry across the globe is growing rapidly and the ongoing technological advancements are acting as a catalyst to this growth. Most of the healthcare companies today are expanding their reach to every corner of the world. To do this they are implementing various new technologies that would enable them to enhance their operations and at the same time provide good services to their patients without compromising on quality. As a part of this technology adoption many of the large healthcare organizations are implementing Natural Language Processing tools across all their facilities. By doing this they believe they would be able to simplify their operations and at the same time respond quickly and effectively to any sort of queries or patient cases.

Use of NLP solutions is making the clinical interactions between the patient and the healthcare service provider easy. Use of Natural Language Processing is already helping the healthcare industry to overcome the manual level work of data entry extraction and is also providing analyzed data that would have a dramatic impact on the efficiency and effectiveness of healthcare. Healthcare similar to other industry uses basic components of NLP like parser lexicon word sense disambiguation processing rules and learning modules. Along with these one another advantage of using NLP in healthcare is that of terminology mapping. It is a known fact that healthcare industry deals with loads of "terms and phrases" in the data that is being generated. Natural language processing technology based operational tools like Computer Assisted Coding Systems (CACS) automatically identifies these terminologies and codes them accordingly.

Healthcare industry is emerging as the biggest revenue contributor to the NLP market revenue. Most of the adoption is happening in countries like the USA Canada Japan Singapore Germany France UK and Italy and other places where technological prominence in healthcare operations is rising. Asia-Pacific region especially countries like India and China can be the next hotspot for these kinds of solutions due to their large population and improving standards of healthcare.

Market Segments and Forecasts Covered in the Report

The Global Natural Language Processing market is segmented by:

- Applications (Information Extraction Machine Translation Question Answering Report Generation Others)

- End users (Enterprise Mid-size Small Business)

- Geography (North America Europe APAC and RoW)

- Solution (Hybrid Rule Based Statistical)

- Technology (Analytics Operational Recognition)

Companies discussed in the Global Natural Language Processing (NLP) research report include IBM Nuance Communications 3M HP Fuji Xerox Apple M*Modal SAS Oracle Verint Systems SAP Artificial Solutions Netbase Solutions Microsoft Attensity Google Sakhr Software Precyse Temis Expert System. To purchase the full report please call +1-408-469-4380 or mail us at . T

Uniqueness of this Report 

- In-depth segmentation of the Natural Language Processing market

- Market drivers constraints opportunity and challenges analyzed

- Market Metrics Market Share Porter’s Five Forces Analysis

- Performance measurement of the leading market participants and gauging them against strategy and competence in the global arena through ResearchFox LAYERS

- Unique price structure with Natural Language Processing (NLP) reports starting USD 299 only

To explore more on reports by ResearchFox Consulting please visit our market research section. You can also drop an enquiry for custom engagements.

About ResearchFox Consulting 

ResearchFox is an international company from Bangalore India with focus on delivering high quality research services to business professionals organizations and individuals through knowledge driven research methodology. We provide first-hand data services & reports on various industries technologies market parameters and key competitors in the industry thereby giving rational forecast on market trends to help clients identify prospective growth areas and gain competitive edge. Established as SBU of Han Digital group in 2009 ResearchFox was officially incorporated in 2012. We provide niche market research services which go beyond client - vendor transactions/ interactions by not only paving way for strong relationships but also creating a healthy ecosystem for actionable decision making.

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Pranab Sen

Director Research

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