According to the market study reports, the global market for Healthcare Natural Language Processing is predicted to reach more than USD5 billion by 2025, with a rising CAGR of over 18 percent. Natural language processing (NLP) technologies, instead of artificial languages like Java and C++, enables humans to interrelate with computers through conventional languages like English and German. The technology utilizes a computer to process, asses, and create computational linguistics based on human languages.
NLP technology, currently, is being widely utilized in the healthcare space as several public and private healthcare organizations are deploying it for clinical operations. Even, to enhance patient engagement and bring effective decision-making capabilities, healthcare centers and clinics are progressively adopting NLP. As part of the market report, the Healthcare Natural Language Processing market includes key vendors who responsible for the market growth, including NEC Corporation, Apple, NLP Technologies Inc., Microsoft, Dolbey Systems, IBM, SAS Institue, Verint Systems, NetBase Solutions Inc., Linguamatics Ltd., eContext, and Artificial Solutions. Based on technology, the Healthcare Natural Language Processing market comprises Machine Translation, Automatic Summarization, Information Extraction, and Text and Voice Processing. The market research report also illustrated the key changing trends adopted by the companies to maintain their dominance in the marketplace.
The market for Healthcare Natural Language Processing also driven by regions, where North America, Latin America, Europe, Asia-Pacific, Africa, and India analyzed to get a better understanding of the competitive landscape. The report assessed the market size, shares, and pricing structure that led the market growth. The recent improvements in the NLP space will have an effect on the growth of the Healthcare Natural Language Processing Market.