Healthcare Cognitive Computing Market Regional Analysis, Key Players and Forecast to 2023

Posted on 2019-07-30 by P&S Intelligence in Healthcare, Technology // 0 Comments

New York, United States, 2019-Jul-30 — /EPR Network/ — The healthcare cognitive computing market size is projected to cross $13.3 billion by 2023. The growth in the healthcare cognitive computing industry size will be led by increasing burden of chronic diseases, technological advancements in the healthcare industry encouraging the use of cognitive computing in healthcare, and rising adoption of third computing platforms.

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Increasing burden of chronic diseases is driving the healthcare cognitive computing market, with the rising need to manage complex and large volume of data. Complex diagnosis and treatment options of these diseases have enabled the market players to develop various cognitive computing solutions to enable faster and effective decisions by healthcare providers. Companies such as IBM Corporation are increasingly collaborating with public organizations to address the concern of chronic diseases such as diabetes and cancer, since these diseases have witnessed a significant increase, over a period.

The European market for health care cognitive computing is expected to grow at a CAGR of 33.4% between 2017-2023, to cross $4.0 billion by 2023. The growth in the European healthcare cognitive computing market is mainly led by growing geriatric population and increasing partnerships between healthcare providers, government agencies, and market players in the region. The U.K. has been the largest market in the region for healthcare cognitive computing, and is estimated to contribute share of 39.1% to the regional healthcare cognitive computing market in 2017, on account of the increasing adoption of cognitive computing by the healthcare providers in the country. During the forecast period the healthcare cognitive computing industry in France is expected to witness fastest growth in demand.

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Some of the other key players operating in the healthcare cognitive computing market include Enterra Solutions, LLC, Intel Corporation, Alphabet Inc., Hewlett Packard Enterprise (HPE), Nuance Communications, Inc., CognitiveScale, Healthcare X.0 GmbH, and MedWhat.com Inc.

GLOBAL HEALTHCARE COGNITIVE COMPUTING MARKET SEGMENTATION

Market Segmentation by Technology

Natural language processing (NLP)
Machine learning
Automated reasoning
Information retrieval

Market Segmentation by Deployment Model

Cloud
On-premise

Market Segmentation by End-User

Healthcare providers
Pharmaceutical companies
Medical device companies
Healthcare payers
Others (research laboratories and contract research organizations [CROs])

Market Segmentation by Geography

North America healthcare cognitive computing market
- By technology
- By deployment model
- By end-user
- By country – U.S. and Canada
Europe healthcare cognitive computing market
- By technology
- By deployment model
- By end-user
- By country – U.K., Germany, France and Rest of Europe
Asia-Pacific (APAC) healthcare cognitive computing market
- By technology
- By deployment model
- By end-user
- By country – China, Japan, India and Rest of APAC
Middle East and Africa (MEA) healthcare cognitive computing market
- By technology
- By deployment model
- By end-user
Latin America (LATAM) healthcare cognitive computing market
- By technology
- By deployment model
- By end-user
- By country – Brazil and Rest of LATAM

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