The healthcare cognitive computing market is expected to experience significant growth, with projections indicating a compound annual growth rate (CAGR) of 24.0% from 2023 to 2024.
The growth of the healthcare cognitive computing market is driven by several factors:
The integration of cognitive computing with electronic health records (EHRs) is contributing to the surge in the market. It enhances population health management and supports drug discovery and development efforts.
Looking ahead, the market is projected to reach $17.69 billion by 2028, with a compound annual growth rate (CAGR) of 24.1%. This growth is attributed to:
Major players in the healthcare cognitive computing market include Apixio Inc., CognitiveScale, and MedWhat Technology. Technological advancements and the increasing demand for medical devices are driving market growth.
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As the healthcare cognitive computing market continues to evolve, the role of artificial intelligence and automation in streamlining administrative tasks is becoming more prominent. Collaborations and partnerships among key players are expected to drive innovation and accelerate the development of new solutions.
The integration of genomic medicine and advancements in virtual health assistants will shape the future of this market, offering opportunities for growth and transformation.
In summary, the healthcare cognitive computing market is poised for growth, driven by technological advancements, increasing demand for medical devices, and a focus on value-based healthcare.