Market Study - Healthcare Cognitive Computing Market Size, Share, Growth, Trends, Forecast, Worldwide, 2016 -2022

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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.

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