DUBLIN--(BUSINESS WIRE)--The "Healthcare Cognitive Computing Market by Technology, by Deployment Model, by End-User and by Geography - Global Market Size, Share, Development, Growth, and Demand Forecast, 2014-2024" report has been added to ResearchAndMarkets.com's offering.
The growth in the healthcare cognitive computing market 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.
The technologies used in the healthcare cognitive computing market have been categorized as natural language processing (NLP), machine learning, automated reasoning, and information retrieval, where NLP is expected to witness the fastest growth in demand, and is likely to garner a CAGR of 34.9% during the forecast period.
This rising demand for the NLP technology can be attributed to its comprehensive evaluation process, which facilitates management of patient feedback and enables clinical staff to make informed decisions and respond to problems in real time. For instance, the U.S. based Intermountain Hospital uses the NLP technology to identify information associated with cardiac patients, cancer patients, and venous thromboembolism patients.
Cloud and on-premise are the two major types of deployment models used in the healthcare cognitive computing market. Globally, the cloud computing deployment model is estimated to acquire a larger market share, standing at 71.0% in 2017. This growth in the cloud computing deployment model is mainly attributed to its increasing use in the development of healthcare applications, such as electronic health records (EHRs), which are affordable and easily accessible to the healthcare providers to store and access data remotely and provide the necessary care without any delay.
Although cognitive computing is being increasingly used in healthcare by various healthcare professionals, it is the healthcare providers category that is expected to witness the fastest growth, as the end-user base, in the healthcare cognitive computing market during the forecast period. Healthcare providers have been estimated to lead the global market, occupying a 44.5% share in 2017.
This growth in the demand for healthcare cognitive computing solutions by healthcare providers can be attributed to the increased usage of cognitive platforms by the providers for the detection and treatment of rare diseases. For instance, in October 2016, Rhn-Klinikum AG, a private hospital group in Germany, teamed up with IBM Corporation on a 12-month pilot project to help detect rare diseases and find their cure using the IBM's Watson platform.
Some of the other key players operating in the healthcare cognitive computing market include IBM Corporation, Microsoft Corporation, Enterra Solutions, LLC, Intel Corporation, Alphabet Inc., Hewlett Packard Enterprise (HPE), CognitiveScale, Healthcare X.0 GmbH, and MedWhat.com Inc.
Key Topics Covered:
1. Research Background
2. Research Methodology
3. Executive Summary
5. Global Market Size and forecast
6. North America Market Size and forecast
7. Europe Market Size and forecast
8. APAC Market Size and forecast
9. MEA Market Size and forecast
10. LATAM Market Size and forecast
10. By Technology
10. By Deployment Model
10. By End-User
10. By Country
11. Strategic Developments
12. Company Profiles
- Alphabet Inc.
- Apixio Inc.
- Deep 6 AI
- Enterra Solutions, LLC
- Healthcare X.0 Gmbh
- Hewlett Packard Enterprise (Hpe)
- IBM Corporation
- Imagia Cybernetics Inc.
- Intel Corporation
- Lunit Inc.
- Medwhat.Com, Inc.
- Medymatch Technology, Ltd.
- Microsoft Corporation
- Nuance Communications, Inc.
For more information about this report visit https://www.researchandmarkets.com/research/2lbvfb/healthcare?w=4