Global Healthcare Cognitive Computing Market Analysis Report 2016 - 2020: According to Hexa Reports

Hexa Reports

Market Research Reports and Insightful Company Profiles

Healthcare Cognitive Computing Industry Share

and Size, Market Analysis, Trends and Growth,

End-use And Segment Forecasts To 2022

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.

Hexa Reports

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