New Report – Global Healthcare Cognitive Computing companies, size, Analysis, Trends & Forecast By Hexa Reports

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Deep Research Report on “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.

Latest Report on“Healthcare Cognitive Computing” In 2015, big healthcare firms such as Johnson and Johnson (J&J) and Medtronic have partnered with IBM to utilize its cognitive computing platform Watson. J&J plans to utilize Watson to create a personal concierge service which can be used to prepare patients for knee surgery.

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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J&J plans to utilize Watson to create a personal concierge service which can be used to prepare patients for knee surgery. Medtronic will use Watson to develop an internet of things (IOT) platform around its medical devices to collect data from patient’s personal use to understand product performance and patient response. 

Furthermore, Apple has also invested significantly in the Watson platform to develop an IOS vendor ecosystem for its HealthKIT and ReasearchKit tool systems. These vendors would develop apps and other systems for personal health data collection, and utilizing the data for clinical trials and other healthcare applications. 

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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. 

Table of Content: 

Chapter 1 Methodology and Scope

Chapter 3 Healthcare Cognitive Computing Industry Outlook

Chapter 4 Healthcare Cognitive Computing Technology Outlook

Chapter 5 Healthcare Cognitive Computing End-use Outlook

Chapter 6 Healthcare Cognitive Computing Regional Outlook  

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