Global Natural Language Processing (NLP) in Healthcare and Life Sciences Market- Regional Analysis
Among regions, North America is estimated to hold a dominant position in the global natural language processing (NLP) in healthcare and life sciences market over the forecast period. North America is estimated to hold 33.5% of the market share in 2023. The global natural language processing (NLP) in healthcare and life sciences market is expected to witness significant growth in the near future, driven by inorganic growth strategies by market players in the region. For instance, on April 10, 2023, Cerner Enviza, an Oracle company, along with John Snow Labs, are helping support the U.S. Food and Drug Administration’s drug safety Sentinel Initiative. By developing artificial intelligence (AI) tools aimed at extracting critical information from clinical notes within electronic health records (EHR), Oracle and John Snow will aid the FDA in better understanding the effects of medicines on large populations.
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