Global healthcare cognitive computing market is expected to reach nearly USD 5,064.8 million by 2022, according to a new report by Grand View Research, Inc. Key factors attributing to the market growth are rapid growth in the scientific database, demand for personalized healthcare, and the need to reduce healthcare expenditure levels. Increasing geriatric population is a major factor increasing the prevalence rate of several diseases.
Information technology and big data analytics penetration in the healthcare industry is presently very less, and to tackle the increasing healthcare expenditure and improve customer experience, many manufacturers and research organizations are actively collaborating with technology firms to improve their products and services.
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Further key findings from the study suggest:
North America dominated the overall market with a share of nearly 52%. Key reasons attributing to region's market position include collaboration between information technology firms and healthcare firms and research centers.
The convergence of these two industries is leading to reduction in the overall healthcare expenditure, in solving complex medical problems and drug discovery.
Asia Pacific is identified as the fastest growing market. This region is expected to witness high public and private investment in the healthcare sector to cater to the unmet medical needs. Owing to the advent of digital healthcare services; the providers in this region are supporting the use of advanced analytical tools to simplify the DNA analysis, patient history and other records as a part of personalized healthcare services.
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Some Points In Table Of Content :-
Chapter 1 Methodology and Scope
Chapter 2 Executive Summary
Chapter 3 Healthcare Cognitive Computing Industry Outlook
Chapter 4 Healthcare Cognitive Computing Technology Outlook
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