Global Healthcare Virtual Assistants Market Set for Rapid Growth, to reach Value USD 2,300.5 Million by 2025

07-Jan-2020 | Zion Market Research

Zion Market Research has published a new report titled “Healthcare Virtual Assistants Market by Product (Chatbots and Smart Speakers), User Interface (Text-to-speech, Text-based, Automatic Speech Recognition, Others), and End User (Healthcare Payers, Patients, Healthcare Providers, and Others): Global Industry Perspective, Comprehensive Analysis and Forecast, 2019 – 2025” According to the report, global demand for healthcare virtual assistants market was valued at approximately USD 292.5 Million in 2018, and is expected to generate revenue of around USD 2,300.5 Million by end of 2025, growing at a CAGR of around 34.4% between 2018 and 2025.

Browse the full “Healthcare Virtual Assistants Market: by Product (Chatbots and Smart Speakers), User Interface (Text-to-speech, Text-based, Automatic Speech Recognition, Others), and End User (Healthcare Payers, Patients, Healthcare Providers, and Others): Global Industry Perspective, Comprehensive Analysis and Forecast, 2019 - 2025” Report at https://www.zionmarketresearch.com/report/healthcare-virtual-assistants-industry

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Healthcare Virtual Assistants

Virtual assistants are AI-based systems that work in association with humans to perform various tasks. These virtual assistants engage cognitive technologies like machine learning, natural language handling, and neural systems in order to enable communications with the handlers. In healthcare domain, virtual assistants are used to surge patient engagement. The healthcare virtual assistants empower organizations to gather insurance specifics, demographic evidence, patient wellbeing history, data mining, procurement specifics, and finance/costing.

Factors such as increase in number of smartphone owners globally, rising use of healthcare applications, increasing focus on making conversational tools for the virtual assistants, growing demand for superior healthcare infrastructure, and increasing incidence of chronic ailments will act as major driving factors in the growth of global healthcare virtual assistants market. Emergence of multiple-language aided virtual assistant tools and scientific advancements in healthcare segment will act as an opportunity for the market players in the healthcare virtual assistants market. Nonetheless, shortage of organized data in healthcare sector will restrict the growth of global healthcare virtual assistants market.

The global healthcare virtual assistants market has been split into product, user interface, and end user. Based on product, healthcare virtual assistants market has been segmented into chatbots and smart speakers. The smart speakers segment accounted for the highest market share in 2018 due to growing preference for high tech products and convenience offered by smart speakers.

The user interface segment has been segmented into text-to-speech, text-based, automatic speech recognition, others. The automatic speech recognition segment is expected to grow at topmost CAGR during the estimated time frame. The end user segment has been segmented into healthcare payers, patients, healthcare providers, and others.

The geographical segmentation comprises the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America will be the leading region during the forecast period. Rapid uptake of new technologies, adoption of multiple patient engagement technologies, and high awareness regarding virtual assistants will boost the market growth in this region. Europe will be the second largest market. The major reasons are growing demand for reducing healthcare costs, support from government, and high awareness regarding use of technology in healthcare. Asia Pacific will grow at speedy rate over the estimate period due to high number of smartphone users, growing internet connectivity, advancements in medical technology, and increasing use of remote observing devices. Latin America market will develop at a significant rate during the forecast period. The Africa and Middle Eastern countries are expected to experience noticeable growth in the projected time-frame.

The report also includes detailed profiles of key players such as Microsoft, Nuance Communications Inc., Amazon, Sensly, HealthTap Inc., Infermedica, eGain Corporation, Babylon Healthcare Services Ltd, Verint Systems Inc., and Kognito Solutions LLC among others.

This report segments the Global Healthcare Virtual Assistants Market as follows:

Global Healthcare Virtual Assistants Market: By Product

  • Chatbots
  • Smart Speakers

Global Healthcare Virtual Assistants Market: By User Interface

  • Text-to-speech
  • Text-based
  • Automatic Speech Recognition
  • Others

Global Healthcare Virtual Assistants Market: By End User

  • Healthcare Payers
  • Patients
  • Healthcare Providers
  • Others

Global Healthcare Virtual Assistants Market: By Region

  • North America
    • U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • Middle East and Africa

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