The global healthcare cognitive computing market reached a value of US$ 3.60 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 11.04 Billion by 2027, exhibiting a CAGR of 19.20% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.

Cognitive computing is a self-learning system that relies on data mining techniques, pattern recognition, natural languages, human sense processing, and system refinements to simulate the human thought process. It processes enormous amounts of data to answer specific queries, gives customized intelligent recommendations and supports decision making. It analyzes emerging patterns, spots business opportunities and handles critical process-centric issues in real-time. It also enhances customer interactions by providing relevant, contextual and valuable information. At present, cognitive computing is extensively utilized in the healthcare sector to treat patients using past data and recognize any health-related issues. Healthcare Cognitive Computing Market Trends:
The growing prevalence of chronic diseases across the globe represents one of the key factors driving the market. Moreover, there is a rise in the demand for gene-specific treatment to eliminate cancer cells without damaging healthy tissues. This, along with advancements in the healthcare industry around the world, is propelling the growth of the market. In addition, there is an increase in the use of third computing platforms to facilitate better patient care. This, coupled with the escalating demand for personalized treatments in oncology, is offering lucrative growth opportunities to industry investors. Besides this, healthcare cognitive computing finds application in customized medicine, melanoma screening, and electronic health record (EHR) data analysis. Additionally, the increasing cost of drug discovery and clinical trials worldwide are catalyzing the demand for healthcare cognitive computing. Apart from this, governing authorities of several countries are undertaking initiatives to promote the usage of e-health technologies, which is positively influencing the market. Furthermore, key market players are focusing on mergers and acquisitions (M&A), which is projected to bolster their overall profitability.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global healthcare cognitive computing market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on technology, deployment mode and end use.

Breakup by Technology: Natural Language Processing
Machine Learning
Automated Reasoning

Breakup by Deployment Mode:


Breakup by End Use:

Medical Devices

Breakup by Region: North America
United States
South Korea
United Kingdom
Latin America
Middle East and Africa

Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Apixio (Centene Corporation), Apple Inc., CognitiveScale, Enterra Solutions LLC, Google LLC (Alphabet Inc.), Healthcare X.0 GmbH, Intel Corporation, International Business Machines Corporation, MedWhat and Microsoft Corporation. Key Questions Answered in This Report:
How has the global healthcare cognitive computing market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global healthcare cognitive computing market?
What are the key regional markets?
What is the breakup of the market based on the technology?
What is the breakup of the market based on the deployment mode?
What is the breakup of the market based on the end use?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global healthcare cognitive computing market and who are the key players?
What is the degree of competition in the industry?