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Report
Healthcare Cognitive Computing Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Market Report I 2023-06-14 I 141 Pages I IMARC Group
The global healthcare cognitive computing market size reached US$ 4.3 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 13.2 Billion by 2028, exhibiting a growth rate (CAGR) of 19% during 2023-2028.
Cognitive computing is a self-learning system that relies on data mining techniques, pattern recognition, natural languages, human sense processing, and system refinements to simulate the human thought process. It processes enormous amounts of data to answer specific queries, gives customized intelligent recommendations and supports decision making. It analyzes emerging patterns, spots business opportunities and handles critical process-centric issues in real-time. It also enhances customer interactions by providing relevant, contextual and valuable information. At present, cognitive computing is extensively utilized in the healthcare sector to treat patients using past data and recognize any health-related issues.
Healthcare Cognitive Computing Market Trends:
The growing prevalence of chronic diseases across the globe represents one of the key factors driving the market. Moreover, there is a rise in the demand for gene-specific treatment to eliminate cancer cells without damaging healthy tissues. This, along with advancements in the healthcare industry around the world, is propelling the growth of the market. In addition, there is an increase in the use of third computing platforms to facilitate better patient care. This, coupled with the escalating demand for personalized treatments in oncology, is offering lucrative growth opportunities to industry investors. Besides this, healthcare cognitive computing finds application in customized medicine, melanoma screening, and electronic health record (EHR) data analysis. Additionally, the increasing cost of drug discovery and clinical trials worldwide are catalyzing the demand for healthcare cognitive computing. Apart from this, governing authorities of several countries are undertaking initiatives to promote the usage of e-health technologies, which is positively influencing the market. Furthermore, key market players are focusing on mergers and acquisitions (M&A), which is projected to bolster their overall profitability.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global healthcare cognitive computing market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on technology, deployment mode and end use.
Breakup by Technology:
Natural Language Proceissing
Machine Learning
Automated Reasoning
Others
Breakup by Deployment Mode:
On-premises
Cloud-based
Breakup by End Use:
Hospitals
Pharmaceuticals
Medical Devices
Insurance
Others
Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Apixio (Centene Corporation), Apple Inc., CognitiveScale, Enterra Solutions LLC, Google LLC (Alphabet Inc.), Healthcare X.0 GmbH, Intel Corporation, International Business Machines Corporation, MedWhat and Microsoft Corporation.
Key Questions Answered in This Report
1. What was the size of the global healthcare cognitive computing market in 2022?
2. What is the expected growth rate of the global healthcare cognitive computing market during 2023-2028?
3. What has been the impact of COVID-19 on the global healthcare cognitive computing market?
4. What are the key factors driving the global healthcare cognitive computing market?
5. What is the breakup of the global healthcare cognitive computing market based on the technology?
6. What is the breakup of the global healthcare cognitive computing market based on the deployment mode?
7. What is the breakup of the global healthcare cognitive computing market based on end use?
8. What are the key regions in the global healthcare cognitive computing market?
9. Who are the key players/companies in the global healthcare cognitive computing market?
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Healthcare Cognitive Computing Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Technology
6.1 Natural Language Processing
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Machine Learning
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Automated Reasoning
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Others
6.4.1 Market Trends
6.4.2 Market Forecast
7 Market Breakup by Deployment Mode
7.1 On-premises
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Cloud-based
7.2.1 Market Trends
7.2.2 Market Forecast
8 Market Breakup by End Use
8.1 Hospitals
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Pharmaceuticals
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Medical Devices
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Insurance
8.4.1 Market Trends
8.4.2 Market Forecast
8.5 Others
8.5.1 Market Trends
8.5.2 Market Forecast
9 Market Breakup by Region
9.1 North America
9.1.1 United States
9.1.1.1 Market Trends
9.1.1.2 Market Forecast
9.1.2 Canada
9.1.2.1 Market Trends
9.1.2.2 Market Forecast
9.2 Asia-Pacific
9.2.1 China
9.2.1.1 Market Trends
9.2.1.2 Market Forecast
9.2.2 Japan
9.2.2.1 Market Trends
9.2.2.2 Market Forecast
9.2.3 India
9.2.3.1 Market Trends
9.2.3.2 Market Forecast
9.2.4 South Korea
9.2.4.1 Market Trends
9.2.4.2 Market Forecast
9.2.5 Australia
9.2.5.1 Market Trends
9.2.5.2 Market Forecast
9.2.6 Indonesia
9.2.6.1 Market Trends
9.2.6.2 Market Forecast
9.2.7 Others
9.2.7.1 Market Trends
9.2.7.2 Market Forecast
9.3 Europe
9.3.1 Germany
9.3.1.1 Market Trends
9.3.1.2 Market Forecast
9.3.2 France
9.3.2.1 Market Trends
9.3.2.2 Market Forecast
9.3.3 United Kingdom
9.3.3.1 Market Trends
9.3.3.2 Market Forecast
9.3.4 Italy
9.3.4.1 Market Trends
9.3.4.2 Market Forecast
9.3.5 Spain
9.3.5.1 Market Trends
9.3.5.2 Market Forecast
9.3.6 Russia
9.3.6.1 Market Trends
9.3.6.2 Market Forecast
9.3.7 Others
9.3.7.1 Market Trends
9.3.7.2 Market Forecast
9.4 Latin America
9.4.1 Brazil
9.4.1.1 Market Trends
9.4.1.2 Market Forecast
9.4.2 Mexico
9.4.2.1 Market Trends
9.4.2.2 Market Forecast
9.4.3 Others
9.4.3.1 Market Trends
9.4.3.2 Market Forecast
9.5 Middle East and Africa
9.5.1 Market Trends
9.5.2 Market Breakup by Country
9.5.3 Market Forecast
10 SWOT Analysis
10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
14.3.1 Apixio (Centene Corporation)
14.3.1.1 Company Overview
14.3.1.2 Product Portfolio
14.3.2 Apple Inc.
14.3.2.1 Company Overview
14.3.2.2 Product Portfolio
14.3.2.3 Financials
14.3.2.4 SWOT Analysis
14.3.3 CognitiveScale
14.3.3.1 Company Overview
14.3.3.2 Product Portfolio
14.3.4 Enterra Solutions LLC
14.3.4.1 Company Overview
14.3.4.2 Product Portfolio
14.3.5 Google LLC (Alphabet Inc.)
14.3.5.1 Company Overview
14.3.5.2 Product Portfolio
14.3.5.3 SWOT Analysis
14.3.6 Healthcare X.0 GmbH
14.3.6.1 Company Overview
14.3.6.2 Product Portfolio
14.3.7 Intel Corporation
14.3.7.1 Company Overview
14.3.7.2 Product Portfolio
14.3.7.3 Financials
14.3.7.4 SWOT Analysis
14.3.8 International Business Machines Corporation
14.3.8.1 Company Overview
14.3.8.2 Product Portfolio
14.3.8.3 Financials
14.3.8.4 SWOT Analysis
14.3.9 MedWhat
14.3.9.1 Company Overview
14.3.9.2 Product Portfolio
14.3.10 Microsoft Corporation
14.3.10.1 Company Overview
14.3.10.2 Product Portfolio
14.3.10.3 Financials
14.3.10.4 SWOT Analysis
Figure 1: Global: Healthcare Cognitive Computing Market: Major Drivers and Challenges
Figure 2: Global: Healthcare Cognitive Computing Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Healthcare Cognitive Computing Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 4: Global: Healthcare Cognitive Computing Market: Breakup by Technology (in %), 2022
Figure 5: Global: Healthcare Cognitive Computing Market: Breakup by Deployment Mode (in %), 2022
Figure 6: Global: Healthcare Cognitive Computing Market: Breakup by End Use (in %), 2022
Figure 7: Global: Healthcare Cognitive Computing Market: Breakup by Region (in %), 2022
Figure 8: Global: Healthcare Cognitive Computing (Natural Language Processing) Market: Sales Value (in Million US$), 2017 & 2022
Figure 9: Global: Healthcare Cognitive Computing (Natural Language Processing) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 10: Global: Healthcare Cognitive Computing (Machine Learning) Market: Sales Value (in Million US$), 2017 & 2022
Figure 11: Global: Healthcare Cognitive Computing (Machine Learning) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 12: Global: Healthcare Cognitive Computing (Automated Reasoning) Market: Sales Value (in Million US$), 2017 & 2022
Figure 13: Global: Healthcare Cognitive Computing (Automated Reasoning) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 14: Global: Healthcare Cognitive Computing (Other Technologies) Market: Sales Value (in Million US$), 2017 & 2022
Figure 15: Global: Healthcare Cognitive Computing (Other Technologies) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 16: Global: Healthcare Cognitive Computing (On-premises) Market: Sales Value (in Million US$), 2017 & 2022
Figure 17: Global: Healthcare Cognitive Computing (On-premises) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 18: Global: Healthcare Cognitive Computing (Cloud-based) Market: Sales Value (in Million US$), 2017 & 2022
Figure 19: Global: Healthcare Cognitive Computing (Cloud-based) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 20: Global: Healthcare Cognitive Computing (Hospitals) Market: Sales Value (in Million US$), 2017 & 2022
Figure 21: Global: Healthcare Cognitive Computing (Hospitals) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 22: Global: Healthcare Cognitive Computing (Pharmaceuticals) Market: Sales Value (in Million US$), 2017 & 2022
Figure 23: Global: Healthcare Cognitive Computing (Pharmaceuticals) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 24: Global: Healthcare Cognitive Computing (Medical Devices) Market: Sales Value (in Million US$), 2017 & 2022
Figure 25: Global: Healthcare Cognitive Computing (Medical Devices) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 26: Global: Healthcare Cognitive Computing (Insurance) Market: Sales Value (in Million US$), 2017 & 2022
Figure 27: Global: Healthcare Cognitive Computing (Insurance) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 28: Global: Healthcare Cognitive Computing (Other End Uses) Market: Sales Value (in Million US$), 2017 & 2022
Figure 29: Global: Healthcare Cognitive Computing (Other End Uses) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 30: North America: Healthcare Cognitive Computing Market: Sales Value (in Million US$), 2017 & 2022
Figure 31: North America: Healthcare Cognitive Computing Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 32: United States: Healthcare Cognitive Computing Market: Sales Value (in Million US$), 2017 & 2022
Figure 33: United States: Healthcare Cognitive Computing Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 34: Canada: Healthcare Cognitive Computing Market: Sales Value (in Million US$), 2017 & 2022
Figure 35: Canada: Healthcare Cognitive Computing Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 36: Asia-Pacific: Healthcare Cognitive Computing Market: Sales Value (in Million US$), 2017 & 2022
Figure 37: Asia-Pacific: Healthcare Cognitive Computing Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 38: China: Healthcare Cognitive Computing Market: Sales Value (in Million US$), 2017 & 2022
Figure 39: China: Healthcare Cognitive Computing Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 40: Japan: Healthcare Cognitive Computing Market: Sales Value (in Million US$), 2017 & 2022
Figure 41: Japan: Healthcare Cognitive Computing Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 42: India: Healthcare Cognitive Computing Market: Sales Value (in Million US$), 2017 & 2022
Figure 43: India: Healthcare Cognitive Computing Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 44: South Korea: Healthcare Cognitive Computing Market: Sales Value (in Million US$), 2017 & 2022
Figure 45: South Korea: Healthcare Cognitive Computing Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 46: Australia: Healthcare Cognitive Computing Market: Sales Value (in Million US$), 2017 & 2022
Figure 47: Australia: Healthcare Cognitive Computing Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 48: Indonesia: Healthcare Cognitive Computing Market: Sales Value (in Million US$), 2017 & 2022
Figure 49: Indonesia: Healthcare Cognitive Computing Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 50: Others: Healthcare Cognitive Computing Market: Sales Value (in Million US$), 2017 & 2022
Figure 51: Others: Healthcare Cognitive Computing Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 52: Europe: Healthcare Cognitive Computing Market: Sales Value (in Million US$), 2017 & 2022
Figure 53: Europe: Healthcare Cognitive Computing Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 54: Germany: Healthcare Cognitive Computing Market: Sales Value (in Million US$), 2017 & 2022
Figure 55: Germany: Healthcare Cognitive Computing Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 56: France: Healthcare Cognitive Computing Market: Sales Value (in Million US$), 2017 & 2022
Figure 57: France: Healthcare Cognitive Computing Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 58: United Kingdom: Healthcare Cognitive Computing Market: Sales Value (in Million US$), 2017 & 2022
Figure 59: United Kingdom: Healthcare Cognitive Computing Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 60: Italy: Healthcare Cognitive Computing Market: Sales Value (in Million US$), 2017 & 2022
Figure 61: Italy: Healthcare Cognitive Computing Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 62: Spain: Healthcare Cognitive Computing Market: Sales Value (in Million US$), 2017 & 2022
Figure 63: Spain: Healthcare Cognitive Computing Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 64: Russia: Healthcare Cognitive Computing Market: Sales Value (in Million US$), 2017 & 2022
Figure 65: Russia: Healthcare Cognitive Computing Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 66: Others: Healthcare Cognitive Computing Market: Sales Value (in Million US$), 2017 & 2022
Figure 67: Others: Healthcare Cognitive Computing Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 68: Latin America: Healthcare Cognitive Computing Market: Sales Value (in Million US$), 2017 & 2022
Figure 69: Latin America: Healthcare Cognitive Computing Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 70: Brazil: Healthcare Cognitive Computing Market: Sales Value (in Million US$), 2017 & 2022
Figure 71: Brazil: Healthcare Cognitive Computing Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 72: Mexico: Healthcare Cognitive Computing Market: Sales Value (in Million US$), 2017 & 2022
Figure 73: Mexico: Healthcare Cognitive Computing Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 74: Others: Healthcare Cognitive Computing Market: Sales Value (in Million US$), 2017 & 2022
Figure 75: Others: Healthcare Cognitive Computing Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 76: Middle East and Africa: Healthcare Cognitive Computing Market: Sales Value (in Million US$), 2017 & 2022
Figure 77: Middle East and Africa: Healthcare Cognitive Computing Market: Breakup by Country (in %), 2022
Figure 78: Middle East and Africa: Healthcare Cognitive Computing Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 79: Global: Healthcare Cognitive Computing Industry: SWOT Analysis
Figure 80: Global: Healthcare Cognitive Computing Industry: Value Chain Analysis
Figure 81: Global: Healthcare Cognitive Computing Industry: Porter's Five Forces Analysis
Table 1: Global: Healthcare Cognitive Computing Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Healthcare Cognitive Computing Market Forecast: Breakup by Technology (in Million US$), 2023-2028
Table 3: Global: Healthcare Cognitive Computing Market Forecast: Breakup by Deployment Mode (in Million US$), 2023-2028
Table 4: Global: Healthcare Cognitive Computing Market Forecast: Breakup by End Use (in Million US$), 2023-2028
Table 5: Global: Healthcare Cognitive Computing Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 6: Global: Healthcare Cognitive Computing Market: Competitive Structure
Table 7: Global: Healthcare Cognitive Computing Market: Key Players
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