Market Overview:
Natural language processing (NLP) is a field of computer science and linguistics concerned with the interactions between computers and human languages, and the development of software that can understand natural language. NLP services are used to process unstructured data in life sciences services market. The global NLP in life sciences services market is expected to grow at a CAGR of 16.5% during the forecast period 2018-2030. The growth of this market is mainly attributed to rising demand for NLP services from various end-use applications such as interactive voice response (IVR), pattern and image recognition, auto coding, classification and categorization, text and speech analytics, information extraction, etc. North America dominates the global NLP in life sciences services market followed by Europe due to presence of major players offering these services along with technological advancements taking place in these regions.
 in Life Sciences Services Industry Outlook.svg)
Product Definition:
NLP is a field of computer science and linguistics concerned with the interactions between computers and human languages, and with the design and development of software that can process natural language data. NLP is important in life sciences services because it enables computers to understand human language input, which is necessary for tasks such as extracting information from scientific papers or clinical notes, or automating communication with customers or patients.
Support and Maintenance:
Support and maintenance services in the life sciences industry are used to support the implementation of advanced technologies for clinical research, drug discovery & development, medical imaging analysis. These services also help in enhancing operational efficiency and accelerating time to market. The growth factor for these solutions is increasing adoption of cloud-based platforms by pharmaceutical companies as a result of high cost associated with on premise infrastructure which has increased the demand for SaaS (Software as a Service) model.
Professional Services:
Professional Services include data extraction & reformatting, data mining, text mining, expert systems development and integration with other software. It is used in NLP for Life Sciences to capture clinical information such as patient history and medication list in the form of natural language statements.
Application Insights:
The interactive voice response (IVR) segment dominated the market in 2017 and is expected to continue its dominance over the forecast period. IVR allows medical professionals to quickly access patient information without having to dial multiple numbers or pages. It also reduces healthcare costs by reducing the number of unnecessary calls. The pattern and image recognition segment is expected to register a significant CAGR during the forecast period owing to increasing demand for automation in diagnostic centers across various countries, such as Germany, China, India, Brazil etc.
Natural language processing helps transform unstructured text into structured data using key attributes such as topic identification, concept tagging along with other related information like relationships between concepts etc., which can be used for various applications including disease management & treatment planning among others.
Regional Analysis:
North America dominated the global market in 2017. This can be attributed to the presence of a large number of service providers and research organizations working on natural language processing in life sciences. The U.S.-based companies such as IBM Corporation, Google LLC, Microsoft Corporation are providing various NLP services for life science researchers based out of Europe and North America.
Asia Pacific is expected to grow at a lucrative CAGR over the forecast period owing to increasing investments by private firms as well as public agencies in developing countries such as India and China for text analysis applications that are used across several sectors including healthcare, financial services, retail among others.
Growth Factors:
- Increasing demand for precision medicine and personalized healthcare
- Rising prevalence of chronic diseases and growing geriatric population
- Growing use of big data and analytics in life sciences research
- Proliferation of digital health technologies and services
- Emergence of new applications for NLP in life sciences
Scope Of The Report
Report Attributes
Report Details
Report Title
Natural Language Processing (NLP) in Life Sciences Services Market Research Report
By Type
Support and Maintenance, Professional Services
By Application
Interactive Voice Response (IVR), Pattern and Image Recognition, Auto Coding, Classification and Categorization, Text and Speech Analytics, Others (Information Extraction and Report Generation)
By Companies
3M, Cerner, Nuance, Health Fidelity, Dolbey, Microsoft, IBM, Google, AWS, Apixio, Averbis
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
179
Number of Tables & Figures
126
Customization Available
Yes, the report can be customized as per your need.
Global Natural Language Processing (NLP) in Life Sciences Services Market Report Segments:
The global Natural Language Processing (NLP) in Life Sciences Services market is segmented on the basis of:
Types
Support and Maintenance, Professional Services
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Interactive Voice Response (IVR), Pattern and Image Recognition, Auto Coding, Classification and Categorization, Text and Speech Analytics, Others (Information Extraction and Report Generation)
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- 3M
- Cerner
- Nuance
- Health Fidelity
- Dolbey
- Microsoft
- IBM
- Google
- AWS
- Apixio
- Averbis
 in Life Sciences Services Market Overview.svg)
Highlights of The Natural Language Processing (NLP) in Life Sciences Services Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Support and Maintenance
- Professional Services
- By Application:
- Interactive Voice Response (IVR)
- Pattern and Image Recognition
- Auto Coding
- Classification and Categorization
- Text and Speech Analytics
- Others (Information Extraction and Report Generation)
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Natural Language Processing (NLP) in Life Sciences Services Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
 in Life Sciences Services Market Statistics.svg)
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Natural language processing (NLP) is a field of computer science and artificial intelligence that deals with the analysis and interpretation of human language. NLP can be used to identify patterns in text, understand user intent, and generate responses that are appropriate for a given context.
Some of the key players operating in the natural language processing (nlp) in life sciences services market are 3M, Cerner, Nuance, Health Fidelity, Dolbey, Microsoft, IBM, Google, AWS, Apixio, Averbis.
The natural language processing (nlp) in life sciences services market is expected to grow at a compound annual growth rate of 16.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Natural Language Processing (NLP) in Life Sciences Services Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Natural Language Processing (NLP) in Life Sciences Services Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Natural Language Processing (NLP) in Life Sciences Services Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Natural Language Processing (NLP) in Life Sciences Services Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Natural Language Processing (NLP) in Life Sciences Services Market Size & Forecast, 2018-2028
4.5.1 Natural Language Processing (NLP) in Life Sciences Services Market Size and Y-o-Y Growth
4.5.2 Natural Language Processing (NLP) in Life Sciences Services Market Absolute $ Opportunity
Chapter 5 Global Natural Language Processing (NLP) in Life Sciences Services Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Natural Language Processing (NLP) in Life Sciences Services Market Size Forecast by Type
5.2.1 Support and Maintenance
5.2.2 Professional Services
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Natural Language Processing (NLP) in Life Sciences Services Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Natural Language Processing (NLP) in Life Sciences Services Market Size Forecast by Applications
6.2.1 Interactive Voice Response (IVR)
6.2.2 Pattern and Image Recognition
6.2.3 Auto Coding
6.2.4 Classification and Categorization
6.2.5 Text and Speech Analytics
6.2.6 Others (Information Extraction and Report Generation)
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Natural Language Processing (NLP) in Life Sciences Services Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Natural Language Processing (NLP) in Life Sciences Services Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Natural Language Processing (NLP) in Life Sciences Services Analysis and Forecast
9.1 Introduction
9.2 North America Natural Language Processing (NLP) in Life Sciences Services Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Natural Language Processing (NLP) in Life Sciences Services Market Size Forecast by Type
9.6.1 Support and Maintenance
9.6.2 Professional Services
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Natural Language Processing (NLP) in Life Sciences Services Market Size Forecast by Applications
9.10.1 Interactive Voice Response (IVR)
9.10.2 Pattern and Image Recognition
9.10.3 Auto Coding
9.10.4 Classification and Categorization
9.10.5 Text and Speech Analytics
9.10.6 Others (Information Extraction and Report Generation)
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Natural Language Processing (NLP) in Life Sciences Services Analysis and Forecast
10.1 Introduction
10.2 Europe Natural Language Processing (NLP) in Life Sciences Services Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Natural Language Processing (NLP) in Life Sciences Services Market Size Forecast by Type
10.6.1 Support and Maintenance
10.6.2 Professional Services
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Natural Language Processing (NLP) in Life Sciences Services Market Size Forecast by Applications
10.10.1 Interactive Voice Response (IVR)
10.10.2 Pattern and Image Recognition
10.10.3 Auto Coding
10.10.4 Classification and Categorization
10.10.5 Text and Speech Analytics
10.10.6 Others (Information Extraction and Report Generation)
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Natural Language Processing (NLP) in Life Sciences Services Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Natural Language Processing (NLP) in Life Sciences Services Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Natural Language Processing (NLP) in Life Sciences Services Market Size Forecast by Type
11.6.1 Support and Maintenance
11.6.2 Professional Services
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Natural Language Processing (NLP) in Life Sciences Services Market Size Forecast by Applications
11.10.1 Interactive Voice Response (IVR)
11.10.2 Pattern and Image Recognition
11.10.3 Auto Coding
11.10.4 Classification and Categorization
11.10.5 Text and Speech Analytics
11.10.6 Others (Information Extraction and Report Generation)
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Natural Language Processing (NLP) in Life Sciences Services Analysis and Forecast
12.1 Introduction
12.2 Latin America Natural Language Processing (NLP) in Life Sciences Services Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Natural Language Processing (NLP) in Life Sciences Services Market Size Forecast by Type
12.6.1 Support and Maintenance
12.6.2 Professional Services
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Natural Language Processing (NLP) in Life Sciences Services Market Size Forecast by Applications
12.10.1 Interactive Voice Response (IVR)
12.10.2 Pattern and Image Recognition
12.10.3 Auto Coding
12.10.4 Classification and Categorization
12.10.5 Text and Speech Analytics
12.10.6 Others (Information Extraction and Report Generation)
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Natural Language Processing (NLP) in Life Sciences Services Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Natural Language Processing (NLP) in Life Sciences Services Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Natural Language Processing (NLP) in Life Sciences Services Market Size Forecast by Type
13.6.1 Support and Maintenance
13.6.2 Professional Services
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Natural Language Processing (NLP) in Life Sciences Services Market Size Forecast by Applications
13.10.1 Interactive Voice Response (IVR)
13.10.2 Pattern and Image Recognition
13.10.3 Auto Coding
13.10.4 Classification and Categorization
13.10.5 Text and Speech Analytics
13.10.6 Others (Information Extraction and Report Generation)
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Natural Language Processing (NLP) in Life Sciences Services Market: Competitive Dashboard
14.2 Global Natural Language Processing (NLP) in Life Sciences Services Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 3M
14.3.2 Cerner
14.3.3 Nuance
14.3.4 Health Fidelity
14.3.5 Dolbey
14.3.6 Microsoft
14.3.7 IBM
14.3.8 Google
14.3.9 AWS
14.3.10 Apixio
14.3.11 Averbis
