Connect with us

Technology

Natural Language Processing (NLP) In Healthcare And Life Sciences Market is expected to generate a revenue of USD 9.57 Billion by 2031, Globally, at 19.82% CAGR: Verified Market Research®

Published

on

Verified Market Research® a leading provider of business intelligence and market analysis is thrilled to announce the release of its comprehensive and authoritative report on the, “Natural Language Processing (NLP) In Healthcare And Life Sciences Market Size and Forecast,” This in-depth study offers industry leaders, innovators, and decision-makers an exclusive opportunity to gain critical insights into the transformative potential of NLP technologies within the healthcare and life sciences sectors.

LEWES, Del., Dec. 13, 2024 /PRNewswire/ — The Global Natural Language Processing (NLP) In Healthcare And Life Sciences Market Size is projected to grow at a CAGR of 19.82% from 2024 to 2031, according to a new report published by Verified Market Research®. The report reveals that the market was valued at USD 2.25 Billion in 2024 and is expected to reach USD 9.57 Billion by the end of the forecast period.

The healthcare and life sciences industries are undergoing a paradigm shift fueled by technological advancements. Natural Language Processing (NLP), a cornerstone of artificial intelligence, is playing a pivotal role in revolutionizing patient care, drug discovery, and administrative processes. The new report explores how NLP is enabling efficient clinical documentation, enhancing patient engagement, optimizing clinical trials, and advancing precision medicine.

Key Insights of the Report Include:

Market Overview: Analysis of current market trends, growth drivers, and challenges shaping the adoption of NLP in healthcare and life sciences.Emerging Technologies: Insights into advancements in deep learning, machine learning, and conversational AI for medical applications.Key Applications: Examination of NLP’s impact on clinical data management, disease diagnosis, drug development, and health record analysis.Competitive Landscape: Profiles of industry leaders, emerging players, and key innovators reshaping the market dynamics.Strategic Insights: Actionable recommendations to capitalize on opportunities, mitigate risks, and drive business growth.

Who Should Leverage This Report?

This report is an indispensable tool for:

Healthcare Providers: Improve operational efficiency and patient outcomes with cutting-edge NLP tools.Life Sciences Companies: Accelerate R&D efforts and streamline drug discovery processes.Technology Innovators: Gain a competitive edge by understanding market needs and trends.Investors: Identify high-growth opportunities and emerging market leaders.

Stay ahead of the curve in the ever-evolving Natural Language Processing (NLP) In Healthcare And Life Sciences Market. For more information or to request a sample copy of the report, please visit: https://www.verifiedmarketresearch.com/download-sample?rid=24681

Browse in-depth TOC on “Global Natural Language Processing (NLP) In Healthcare And Life Sciences Market Size“

202 – Pages
126 – Tables
37 – Figures

Report Scope

REPORT ATTRIBUTES

DETAILS

STUDY PERIOD

2021-2031

BASE YEAR

2024

FORECAST PERIOD

2024-2031

HISTORICAL PERIOD

2021-2023

UNIT

Value (USD Billion)

KEY COMPANIES PROFILED

The Lubrizol Corporation, BASF SE, Evonik Industries AG, Clariant Corporation, SABIC, SEPPIC, The Dow Chemical Company, Solvay, Huntsman International LLC, Stepan Company, Sasol Ltd, India Glycols Ltd, Ineos Group Ltd.

SEGMENTS COVERED

Component, NLP Types, Application, End-User, and Geography.

CUSTOMIZATION SCOPE

Free report customization (equivalent up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope.

Global Natural Language Processing (NLP) In Healthcare And Life Sciences Market Overview

Advancements in AI and Machine Learning: Rapid breakthroughs in AI and machine learning technologies are driving the Natural Language Processing (NLP) in Healthcare and Life Sciences market. These advancements improve NLP algorithms, allowing for more reliable data extraction and interpretation from unstructured medical information. The end result is better diagnostic efficiency and patient care, which accelerates market growth. Stakeholders that invest in cutting-edge AI will gain major competitive advantages in this transformational industry.

Growing Adoption of EHR Systems: The increase in Electronic Health Record (EHR) use is a key driver of Natural Language Processing (NLP) in the Healthcare and Life Sciences Market. NLP tools are critical for evaluating EHR data to uncover meaningful insights, streamline documentation, and improve physician processes. As regulatory mandates stimulate digitization, the demand for advanced NLP solutions will expand, providing firms with a profitable growth opportunity to address shifting market needs.

Rising Focus on Personalized Medicine: The growing emphasis on individualized medicine is driving demand for Natural Language Processing (NLP) in the Healthcare and Life Sciences markets. NLP offers more precise analysis of genomic data, patient histories, and research findings, allowing medicines to be tailored to individual patients. Companies that use NLP for individualized care can capitalize on this expanding trend, ensuring their place in a market poised for sustainable growth.

To Purchase a Comprehensive Report Analysis: https://www.verifiedmarketresearch.com/select-licence?rid=24681

High Implementation Costs: Despite its disruptive potential, Natural Language Processing (NLP) in the Healthcare and Life Sciences Market faces significant implementation costs. Implementing NLP solutions necessitates significant investment in infrastructure, training, and integration with existing systems. This financial barrier may inhibit small- and medium-sized businesses, potentially impeding market adoption. However, cost-effective solutions provide a growth opportunity for agile industry participants.

Data Privacy and Security Concerns: Natural Language Processing (NLP) in the Healthcare and Life Sciences Market is limited by severe data privacy requirements such as HIPAA and GDPR. Ensuring compliance while using patient data for NLP applications can be difficult and resource-intensive. Businesses that address these concerns with powerful, safe, and compliant NLP tools can differentiate themselves, acquire trust, and drive growth in the face of these hurdles.

Limited NLP Proficiency in Healthcare: A lack of specialist understanding in NLP across healthcare organizations limits the market’s growth. Understanding, implementing, and administering NLP systems can be complex, delaying adoption. Companies that provide user-friendly, training-inclusive solutions can reduce this barrier, extending the Natural Language Processing (NLP) in Healthcare and Life Sciences Market and empowering healthcare professionals to use this game-changing technology.

Geographical Dominance

North America leads the Natural Language Processing (NLP) in Healthcare and Life Sciences Market due to advanced healthcare infrastructure, significant R&D spending, and early adoption of AI technology. This leadership promotes innovation and establishes industry standards, hence speeding global market growth. Meanwhile, Asia-Pacific, with its expanding healthcare IT usage and enormous patient population, is emerging as a high-growth sector, providing competitive prospects for global firms.

Key Players

The “Global Natural Language Processing (NLP) In Healthcare And Life Sciences Market” study report will provide a valuable insight with an emphasis on the global market.  The major players in the market are The Lubrizol Corporation, BASF SE, Evonik Industries AG, Clariant Corporation, SABIC, SEPPIC, The Dow Chemical Company, Solvay, Huntsman International LLC, Stepan Company, Sasol Ltd, India Glycols Ltd, Ineos Group Ltd.

Natural Language Processing (NLP) In Healthcare And Life Sciences Market Segment Analysis

Based on the research, Verified Market Research has segmented the market into Component, NLP Types, Application, End-User and Geography.

Natural Language Processing (NLP) In Healthcare And Life Sciences Market, by ComponentSolutionServicesNatural Language Processing (NLP) In Healthcare And Life Sciences Market, by NLP TypesRule-based natural language processingStatistical natural language processingHybrid natural language processingNatural Language Processing (NLP) In Healthcare And Life Sciences Market, by ApplicationInteractive Voice Response (IVR)Pattern & Image RecognitionAuto CodingClassification & CategorizationText & Speech AnalyticsNatural Language Processing (NLP) In Healthcare And Life Sciences Market, by End-UserPhysiciansResearchersPatientsClinical OperatorsNatural Language Processing (NLP) In Healthcare And Life Sciences Market, by GeographyNorth AmericaU.SCanadaMexicoEuropeGermanyFranceU.KRest of EuropeAsia PacificChinaJapanIndiaRest of Asia PacificROWMiddle East & AfricaLatin America

Browse Related Reports:

Global Intelligent Process Automation Market Size By Technology (Computer Vision, Machine Learning, Natural Language Processing, Virtual Agents), By Application (Security, IT Operations, Application Management, Business Process Automation), By Vertical (Manufacturing, Healthcare, Retail, IT & Telecom, BSFI), By Geography, And Forecast

Global Cognitive Computing Market Size By Component (Platform, Services), Deployment Mode (On-Premises, Cloud), By Organization Size (Large Enterprises, Small And Medium-Sized Enterprises (SMEs)), By Technology (Machine Learning (ML), Natural Language Processing (NLP), Automated Reasoning), By End-User (Banking, Financial Services, And Insurance (BFSI), Government & Defense, Healthcare, Retail And e-Commerce, IT And Telecom), By Geography, And Forecast

Global Quantum Computing Software Market Size by Software Type (Quantum Algorithms, Quantum Development Tools, Quantum Programming Languages), By Application (Optimization, Simulation, Machine Learning), By End-User Industry (Healthcare, Finance, Defense, Automotive), By Deployment Model (Cloud-Based, On-Premise), By Geography, And Forecast

Global NLP in Education Market Size By Offering (Solutions and Services), Model Type (Rule-based, Statistical), Application (Sentiment Analysis & Data Extraction, Intelligent Tutoring & Language Learning), End-User (Academic User, EdTech Provider), By Geography, And Forecast

7 Best Natural Language Generation Software building and scaling AI applications

Visualize Natural Language Processing (NLP) In Healthcare And Life Sciences Market using Verified Market Intelligence -:

Verified Market Intelligence is our BI Enabled Platform for narrative storytelling in this market. VMI offers in-depth forecasted trends and accurate Insights on over 20,000+ emerging & niche markets, helping you make critical revenue-impacting decisions for a brilliant future.

VMI provides a holistic overview and global competitive landscape with respect to Region, Country, Segment, and Key players of your market. Present your Market Report & findings with an inbuilt presentation feature saving over 70% of your time and resources for Investor, Sales & Marketing, R&D, and Product Development pitches. VMI enables data delivery In Excel and Interactive PDF formats with over 15+ Key Market Indicators for your market.

About Us

Verified Market Research® stands at the forefront as a global leader in Research and Consulting, offering unparalleled analytical research solutions that empower organizations with the insights needed for critical business decisions. Celebrating 10+ years of service, VMR has been instrumental in providing founders and companies with precise, up-to-date research data.

With a team of 500+ Analysts and subject matter experts, VMR leverages internationally recognized research methodologies for data collection and analyses, covering over 15,000 high impact and niche markets. This robust team ensures data integrity and offers insights that are both informative and actionable, tailored to the strategic needs of businesses across various industries.

VMR’s domain expertise is recognized across 14 key industries, including Semiconductor & Electronics, Healthcare & Pharmaceuticals, Energy, Technology, Automobiles, Defense, Mining, Manufacturing, Retail, and Agriculture & Food. In-depth market analysis cover over 52 countries, with advanced data collection methods and sophisticated research techniques being utilized. This approach allows for actionable insights to be furnished by seasoned analysts, equipping clients with the essential knowledge necessary for critical revenue decisions across these varied and vital industries.

Verified Market Research® is also a member of ESOMAR, an organization renowned for setting the benchmark in ethical and professional standards in market research. This affiliation highlights VMR’s dedication to conducting research with integrity and reliability, ensuring that the insights offered are not only valuable but also ethically sourced and respected worldwide.

Contact Us

Mr. Edwyne Fernandes
Verified Market Research®
US: +1 (650)-781-4080
US Toll Free: +1 (800)-782-1768
Email: sales@verifiedmarketresearch.com
Web: https://www.verifiedmarketresearch.com/
Follow Us: LinkedIn | Twitter

Logo: https://mma.prnewswire.com/media/2015407/VMR_Logo.jpg

View original content:https://www.prnewswire.co.uk/news-releases/natural-language-processing-nlp-in-healthcare-and-life-sciences-market-is-expected-to-generate-a-revenue-of-usd-9-57-billion-by-2031–globally-at-19-82-cagr-verified-market-research-302331271.html

Continue Reading

Technology

Zetrix AI and China Academy of Information and Communications Technology Unveil Know Your Agent (KYA) Service to Bring Trust and Accountability to AI Agents

Published

on

By

Cross-border pilot across the Middle East, Africa, China and ASEAN with results to be submitted for consideration in ongoing discussions on establishing global AI identity and accountability standards

WUZHEN, China, Nov. 5, 2026 /PRNewswire/ — Zetrix AI Berhad (“Zetrix AI”), in collaboration with the China Academy of Information and Communications Technology (“CAICT”), announced the launch of a Know Your Agent (KYA) service, to bring greater trust, transparency and accountability to the rapidly expanding world of AI agents.

Announced simultaneously at the World Internet Conference in Wuzhen, China, and the ICT Development Forum 2026 in Dubai, United Arab Emirates, the KYA service introduces a framework that enables AI agents to possess verifiable digital identities linked to businesses or personal users.

The KYA service is designed to allow businesses, governments and digital service providers to verify not only the identity of an AI agent, but also who it represents, what it is authorised to do and whether its actions fall within approved limits.

As AI agents increasingly access online services and execute transactions, organisations need a reliable way to distinguish authorised activity from rogue or unauthorised actions. The KYA service addresses this trust gap by combining verifiable credentials with explicit delegated permissions and checks before protected actions proceed.

“AI is entering a new era where intelligent agents will increasingly make decisions, interact with businesses and execute transactions independently. Greater autonomy must come with greater accountability. The question is no longer just what AI can do, but who is responsible for what it does. Through Zetrix AI’s KYA service, we are working towards a future where every AI agent can be identified, every permission can be verified and every action can be traced to an accountable owner. This is fundamental to building the confidence needed for AI to operate at scale across businesses, governments and borders,” said TS Wong, Group Managing Director of Zetrix AI.

The launch includes a planned cross-border pilot involving organisations in the Middle East, Africa, China and ASEAN. The pilot will evaluate how agent identity and authorisation can be recognised across jurisdictions while preserving local control over identity systems and trust decisions. The results of the pilot will then be submitted to the International Telecommunication Union (ITU), IEEE and other Standard Development Organizations (SDOs) for consideration in the ongoing work and conversations on establishing global AI identity and accountability standards.

With AI agents becoming more deeply integrated into everyday digital activities, the ability to establish trusted identities and verifiable authority could become an essential foundation for their widespread adoption.

“As Agentic AI assumes greater responsibilities, the need for KYA services will continue to rise. It is our expectation that this joint service with Zetrix AI will help foster a cross-border trusted network enabling interoperable Agentic AI around the world,” said Xiaoyu YOU, Head of International Department, ASTRON network, CAICT.

Through the KYA service, Zetrix AI and CAICT aim to help lay the groundwork for a future in which AI agents can operate with greater independence, while remaining identifiable, accountable and trusted across borders.

Building Trust in an AI-Driven World

AI agents are increasingly being built today to perform tasks that previously required direct human involvement, from managing digital services and accessing business information to facilitating payments and interacting with other AI systems. While these capabilities promise significant improvements in productivity and efficiency, they also introduce new risks.

Without reliable identity verification and clearly defined authority, organisations may struggle to distinguish legitimate AI agents from unauthorised systems, determine the limits of an agent’s permissions or establish accountability when something goes wrong.

Zetrix AI’s KYA service seeks to address these challenges by introducing a verifiable identity and authorisation framework for AI agents, creating a foundation for more secure and responsible autonomous interactions.

Unlike conventional digital identity systems that primarily verify human users, KYA extends identity verification to AI agents themselves, linking each agent to a verified owner and establishing clear boundaries around its activities.

The KYA service builds on W3C Verifiable Credentials and incorporates AvatarLabs’ Agentic Wallet technology to manage digital credentials, verify delegated permissions and maintain evidence of agent activity.

Giving AI Agents an Identity and Clear Boundaries

At the heart of the KYA service is a simple but effective principle that AI agents should be able to act independently, but never without clearly defined authority and accountability. The KYA service will assign each participating AI agent a verifiable digital identity linked to an authenticated individual or organisation.

Owners can establish specific permissions governing what an agent is allowed to do, including which services it can access, what information it can use, who it can transact with and how much it is permitted to spend. For example, a business could authorise an AI agent to process payments to approved suppliers within a specified spending limit, while requiring human approval for transactions exceeding that amount.

Similarly, an AI agent accessing government or enterprise digital services could be required to demonstrate its identity and authorisation before gaining access to protected information.

The KYA service is also designed to ensure that when an AI agent delegates tasks to another agent, the delegated authority cannot exceed the permissions originally granted. Permissions can be revoked, while signed records of agent activity provide an auditable trail to support accountability.

By combining identity verification, permission controls and cryptographic evidence, the KYA service aims to enable organisations to embrace the benefits of autonomous AI without compromising security, privacy or oversight.

Taking AI Trust Beyond Borders

Recognising that AI agents will increasingly operate across international markets, Zetrix AI and CAICT are also planning a cross-border pilot to test how verifiable AI identities and permissions can be recognised across different jurisdictions. The proposed pilot will involve participating organisations from the Middle East, Africa, China and ASEAN, subject to confirmation.

It will explore practical applications in areas such as cross-border trade, digital payments, government services and interactions between autonomous AI agents. A key objective is to demonstrate how AI agents can operate across different national identity ecosystems while respecting local regulatory requirements, data protection considerations and jurisdictional control.

The pilot will evaluate the effectiveness of identity verification, permission enforcement, revocation mechanisms, privacy safeguards and accountability records in real-world cross-border environments. By testing these capabilities across multiple jurisdictions, the initiative seeks to establish practical foundations for greater interoperability and trust in the global AI ecosystem.

Contributing to the Future of International AI Standards

Beyond the immediate launch, the initiative is also intended to contribute to international efforts to develop common approaches to identity, trust and accountability for autonomous AI.

Zetrix AI and CAICT plan to jointly submit findings from the cross-border pilot to the International Telecommunication Union’s Telecommunication Standardization Sector Study Group 17 (ITU-T SG17), through its Focus Group on Trust and Identity for Humans and Agentic AI (FG-TIDA).

The submissions are expected to include implementation findings, cross-border use cases and recommendations relating to agent identity verification, delegated authority and accountability. These contributions are intended to support ongoing international technical discussions and pre-standardisation efforts, subject to the applicable ITU processes.

Organisations interested in participating in the pilot can contact agentid@avatarlabs.si.

About Zetrix AI Berhad

Zetrix AI Berhad (“Zetrix AI”), formerly known as MY E.G. Services Berhad, is leading the way in the deployment of blockchain technology and artificial intelligence in powering the public and private sectors across ASEAN. Headquartered in Malaysia, Zetrix AI started operations in 2000 as a pioneer in the provision of electronic government services and complementary commercial offerings in its home country. Today, it has advanced to the forefront of technology transformation in the broader region, leveraging its Layer-1 blockchain platform Zetrix and embracing the convergence of Web3, AI and robotics to enable optimally-efficient, intelligent and secure cross-border transactions, digital identity interoperability and automation solutions that seamlessly connect people, businesses and governments.

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/zetrix-ai-and-china-academy-of-information-and-communications-technology-unveil-know-your-agent-kya-service-to-bring-trust-and-accountability-to-ai-agents-302930513.html

SOURCE Zetrix AI Berhad

Continue Reading

Technology

KuCoin Shares Insights on Career Development and Building a Lasting Competitive Edge at Hong Kong FinTech Week’s Web3 Career Connect

Published

on

By

HONG KONG, Nov. 5, 2026 /PRNewswire/ — As digital assets converge with traditional finance and AI, talent needs are changing. Employers increasingly value professional depth and cross-disciplinary capabilities, while new technologies and business models are opening career opportunities.

Against this backdrop, KuCoin’s Head of Talent Acquisition Karina Li shared insights on Web3 talent development at Web3 Career Connect, an official community event of Hong Kong FinTech Week x StartmeupHK 2026.

During the panel “Inside Web3: Building Businesses, Teams & Careers,” Karina described how industry priorities are broadening talent needs, combining technology and crypto experience with traditional finance capabilities in risk management, compliance and governance. AI’s integration with Web3 is also changing skill requirements and opening career opportunities to people from diverse professional backgrounds.

She highlighted the growing importance of structured talent development, with practical responsibilities, mentoring and feedback helping graduates develop independent judgement and ownership.

“Building services that users can trust requires sustained investment in people,” Karina said. “Professional depth and continuous learning help young talent contribute as the industry evolves.”

In a separate presentation, “How to Make the Right Career Choices in the Crypto Era,” Karina offered university students and recent graduates interested in Web3 a framework for evaluating industries, companies and roles. She encouraged them to assess long-term demand, business fundamentals and opportunities to build transferable skills, while seeking experienced colleagues, meaningful responsibilities and room to grow.

Her advice was to establish expertise in a core discipline before expanding across functions, using internships and practical projects to explore their strengths.

About KuCoin

Founded in 2017, KuCoin is a leading global crypto platform built on trust and security, serving over 45 million users across 200+ countries and regions. Known for its reliability and user-first approach, the platform builds trust into every layer of the user experience, combining advanced technology, deep liquidity, and strong security safeguards to deliver a seamless trading experience. KuCoin provides access to 1,000+ digital assets through a broad product suite and remains committed to building a secure, transparent, compliant, and user-centric ecosystem for the future of finance, backed by SOC 2 Type II, ISO/IEC 27001:2022, ISO/IEC 27701:2019, ISO 22301:2019 and ISO/IEC 42001:2023 certifications. In recent years, KuCoin has continued to strengthen its global compliance foundation, marked by key milestones including AUSTRAC registration in Australia, a MiCA license in Europe, and regulatory progress in other markets.

Learn more at www.kucoin.com.

Disclaimer

This announcement is for general informational and corporate news reporting purposes only and does not constitute an offer, solicitation, or recommendation to engage in any digital asset transactions or services in Hong Kong. The event described herein was strictly educational and non-commercial in nature.

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/kucoin-shares-insights-on-career-development-and-building-a-lasting-competitive-edge-at-hong-kong-fintech-weeks-web3-career-connect-302930515.html

SOURCE KuCoin

Continue Reading

Technology

NTT Deepens Financial AI Engagement as Official FinTech Partner of Hong Kong FinTech Week 2026

Published

on

By

NTT and Cyberport convene financial services leaders to explore the pathway from AI sandbox to production

HONG KONG, Nov. 5, 2026 /PRNewswire/ — NTT Com Asia (NTT), part of the NTT Group, a leading global technology company, is an official FinTech Partner of Hong Kong FinTech Week 2026, reinforcing its commitment to Hong Kong’s financial services and technology ecosystem and supporting industry dialogue around the next stage of AI adoption.

As part of its participation, NTT collaborated with Cyberport to host “Beyond the Sandbox: What It Takes to Move Financial AI from Sandbox to Production,” a closed-door leadership luncheon on 3 November 2026. The discussion brought together senior representatives from financial institutions and the wider financial technology ecosystem.

As financial institutions advance AI initiatives from experimentation towards real-world deployment, building on the momentum of the HKMA Generative Artificial Intelligence (GenA.I.) Sandbox, the luncheon examined the practical conditions required to be in place for financial AI to move from experimentation towards production. Conversations addressed governance and compliance, data and security, infrastructure and scalability, and operating responsibility, while providing a forum for leaders to exchange perspectives on the barriers and priorities shaping financial AI adoption.

Through its collaboration with Cyberport and participation in Hong Kong FinTech Week 2026, NTT aims to deepen engagement with the financial services community and contribute its technology and infrastructure perspective to the evolving discussion around production-ready AI in financial services.

About NTT Com Asia

As part of the NTT Group, a leading global technology company, NTT Com Asia is committed to building a smart and sustainable world through innovation. We empower businesses to accelerate their digital and AI journeys by unlocking the full potential of data.

From smart digital infrastructure, technology services to leading-edge AI solutions, we enable organizations to navigate the evolving challenges of a data-centric world.

For more information, please visit: www.ntt.com.hk

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/ntt-deepens-financial-ai-engagement-as-official-fintech-partner-of-hong-kong-fintech-week-2026-302930518.html

SOURCE NTT Com Asia

Continue Reading

Trending