The global healthcare cognitive computing market is predicted to demonstrate unprecedented growth in the forthcoming years. The main factors propelling the advancement of the market are the increasing prevalence of chronic diseases, growing adoption of cognitive computing in the healthcare industry on account of rapid technological advancements, increasing integration of various third computing platforms, and the mushrooming popularity of the natural language processing (NLP) technology, due to its ability to bridge the gap in human-machine interaction, across the world.

The growing adoption of cognitive computing is a key factor boosting the growth of the healthcare cognitive computing market. The increasing number of drug discoveries and clinical trials is pushing up the requirement for data collection and data analytics, which, in turn, is fueling the incorporation of cognitive computing in healthcare processes. This is being done for helping the doctors better understand the medical conditions of patients and subsequently prescribe adequate treatment procedures for them.

Geographically, the healthcare cognitive computing market will register the fastest growth in the Asia-Pacific (APAC) region in the forthcoming years, as per the estimates of P&S Intelligence, a market research firm based in India. This is attributed to the soaring geriatric population, surging healthcare expenditure, increasing investments being made in the healthcare industry by various private and public organizations, and the presence of a flourishing pharmaceutical industry in this region.

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Hence, due to the growing adoption of cognitive computing solutions and third computing platforms and the increasing prevalence of chronic diseases, the market will exhibit rapid expansion in the upcoming years.