Healthcare Cognitive Computing Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET OVERVIEW

Cognitive computing is the electronic representation of human thought processes. Cognitive computing aids in the detection of frauds and threats. It aids doctors in treating patients based on previous evidence in the healthcare sector. The method is based on software that gathers intelligence data. Cognitive computing deals with a large amount of data that is complex. Analyzing digital data, which comes in the form of blogs, published posts, photographs, books, audio, and video, is a difficult task that necessitates the use of high-level computing solutions.

MARKET SCOPE

The "Global Healthcare Cognitive Computing Market Analysis to 2031" is a specialized and in-depth study of the healthcare IT industry with a special focus on the global market trend analysis. The report aims to provide an overview of the healthcare cognitive computing market with detailed market segmentation by technology, deployment, end user, and geography. The report provides key statistics on the market status of the leading healthcare cognitive computing market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

•   Based on technology, the global healthcare cognitive computing market is segmented into natural language processing (NLP), machine learning, automated reasoning, and information retrieval
  
•   Based on deployment, the market is bifurcated into cloud-based, and on-premise
  
•   Based on end user, the market is bifurcated into hospitals, pharmaceuticals, medical devices, insurance, and others
  

MARKET DYNAMICS

Drivers

•   Rising prevalence of chronic diseases
  
•   Growing demand for personalized medicine
  

Restraints

•   Lack of health infrastructure in developing markets
  

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The healthcare cognitive computing market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the healthcare cognitive computing market in these regions.

IMPACT OF COVID-19 ON HEALTHCARE COGNITIVE COMPUTING MARKET

COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.

MARKET PLAYERS

The report covers key developments in the healthcare cognitive computing market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from healthcare cognitive computing market are anticipated to lucrative growth opportunities in the future with the rising demand for healthcare cognitive computing in the global market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the healthcare cognitive computing market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

•   IBM
  
•   CognitiveScale
  
•   Healthcare X.0 GmbH
  
•   Nuance Communications, Inc
  
•   MEDWHAT
  
•   Microsoft
  
•   INTEL CORPORATION
  
•   PALANTIR TECHNOLOGIES
  
•   Apixio
  
•   Saffron Tech Pvt. Ltd.
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Healthcare Cognitive Computing Report Scope