The Natural Language Processing in healthcare and life sciences market is projected to increase to $2.65 billion by 2021, a ReportsNReports analysis found.
Here are four notes:
1. This year, the market was valued at $1.03 billion.
2. The growth in clinical data, higher use of connected devices and changing consumer needs are fueling NLP in healthcare and life sciences' growth.
3. However, limited clinical data access and lack of institutional commitment pose as barriers to market growth.
4. Market players include 3M, Cerner, IBM, Microsoft, Nuance Communications, M*Modal, Health Fidelity, Dolbey Systems, Linguamatics and Apixio.