The North America Healthcare Cognitive Computing Market is expected to witness market growth of 25.4% CAGR during the forecast period (2024-2031).
The US market dominated the North America Healthcare Cognitive Computing Market by Country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of $12.48 billion by 2031. The Canada market is exhibiting a CAGR of 28% during 2024-2031. Additionally, the Mexico market would experience a CAGR of 27.1% during 2024-2031.
Healthcare cognitive computing leverages advanced technologies such as artificial intelligence (AI), machine learning (ML), natural language processing (NLP), and data analytics to transform various aspects of healthcare. Cognitive computing systems analyze medical images such as X-rays, MRIs, and CT scans to identify patterns and anomalies that human radiologists might miss.
This leads to earlier and more accurate diagnoses of conditions like tumours, fractures, and neurological disorders. Cognitive computing can suggest possible diagnoses and recommend further tests by integrating data from patient records, symptoms, and medical history. This helps clinicians make more informed decisions, particularly in complex or rare cases.
Cognitive computing analyzes patient-specific data, including genetic information, lifestyle factors, and treatment responses, to recommend personalized treatment plans. This approach improves the efficacy of treatments and reduces adverse effects. In precision medicine, cognitive computing integrates data from genomics, proteomics, and patient health records to provide insights into the most effective therapies for individual patients, leading to customized and targeted treatment strategies.
Healthcare investments in Canada are fostering research and development in cognitive computing. Canadian research institutions and healthcare providers are investing in cognitive computing technologies to advance medical research and develop innovative solutions for healthcare challenges. The growth of healthcare investment in Canada encourages public-private partnerships focused on cognitive computing.
Collaborations between government bodies, technology companies, and healthcare organizations drive the development and deployment of advanced cognitive solutions. Thus, the rising burden of chronic diseases and increasing investments in the healthcare sector in North America will lead to increased demand for healthcare cognitive computing in the region.
The US market dominated the North America Healthcare Cognitive Computing Market by Country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of $12.48 billion by 2031. The Canada market is exhibiting a CAGR of 28% during 2024-2031. Additionally, the Mexico market would experience a CAGR of 27.1% during 2024-2031.
Healthcare cognitive computing leverages advanced technologies such as artificial intelligence (AI), machine learning (ML), natural language processing (NLP), and data analytics to transform various aspects of healthcare. Cognitive computing systems analyze medical images such as X-rays, MRIs, and CT scans to identify patterns and anomalies that human radiologists might miss.
This leads to earlier and more accurate diagnoses of conditions like tumours, fractures, and neurological disorders. Cognitive computing can suggest possible diagnoses and recommend further tests by integrating data from patient records, symptoms, and medical history. This helps clinicians make more informed decisions, particularly in complex or rare cases.
Cognitive computing analyzes patient-specific data, including genetic information, lifestyle factors, and treatment responses, to recommend personalized treatment plans. This approach improves the efficacy of treatments and reduces adverse effects. In precision medicine, cognitive computing integrates data from genomics, proteomics, and patient health records to provide insights into the most effective therapies for individual patients, leading to customized and targeted treatment strategies.
Healthcare investments in Canada are fostering research and development in cognitive computing. Canadian research institutions and healthcare providers are investing in cognitive computing technologies to advance medical research and develop innovative solutions for healthcare challenges. The growth of healthcare investment in Canada encourages public-private partnerships focused on cognitive computing.
Collaborations between government bodies, technology companies, and healthcare organizations drive the development and deployment of advanced cognitive solutions. Thus, the rising burden of chronic diseases and increasing investments in the healthcare sector in North America will lead to increased demand for healthcare cognitive computing in the region.
List of Key Companies Profiled
- Microsoft Corporation
- IBM Corporation
- NVIDIA Corporation
- Intel Corporation
- GE HealthCare Technologies, Inc.
- Medtronic PLC
- Oracle Corporation
- Google LLC
- Cisco Systems, Inc.
- Amazon Web Services, Inc.
Market Report Segmentation
By Deployment
- Cloud
- On-Premise
By Technology
- Natural Language Processing
- Machine Learning
- Automated Reasoning
- Information Retrieval
By Country
- US
- Canada
- Mexico
- Rest of North America
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. Competition Analysis - Global
Chapter 5. North America Healthcare Cognitive Computing Market by Deployment
Chapter 6. North America Healthcare Cognitive Computing Market by Technology
Chapter 7. North America Healthcare Cognitive Computing Market by Country
Chapter 8. Company Profiles
Companies Mentioned
Some of the key companies profiled in this North America Healthcare Cognitive Computing market report include:- Microsoft Corporation
- IBM Corporation
- NVIDIA Corporation
- Intel Corporation
- GE HealthCare Technologies, Inc.
- Medtronic PLC
- Oracle Corporation
- Google LLC
- Cisco Systems, Inc.
- Amazon Web Services, Inc.
Methodology
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