Global healthcare Chatbots market size is expected to generate around USD 470 million by 2025, at a CAGR of around 21.2% between 2019 and 2025.
The report covers a forecast and an analysis of the healthcare chatbots market on a global and regional level. The study provides historical data from 2016 to 2018 along with a forecast from 2019 to 2025 based on revenue (USD Million). The study includes drivers and restraints for the healthcare chatbot market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the healthcare chatbot market on a global and regional level.
In order to give the users of this report a comprehensive view of the healthcare chatbots market, we have included a competitive landscape and an analysis of Porter’s Five Forces model for the market. The study encompasses a market attractiveness analysis, wherein all the segments are benchmarked based on their market size, growth rate, and general attractiveness.
The report provides a company market share analysis to give a broader overview of the key market players. In addition, the report also covers key strategic developments of the market including acquisitions & mergers, new product launches, agreements, partnerships, collaborations & joint ventures, research & development, and regional expansion of major participants involved in the healthcare chatbots market on a global and regional basis.
There are several factors driving the growth of the healthcare chatbot market, including the increasing adoption of artificial intelligence (AI) and machine learning (ML), the need for cost-effective healthcare solutions, and the growing demand for self-care solutions.
Chatbots are computer programs that mimic human conversation. They are designed to understand natural language and provide answers to questions in real-time. Healthcare chatbots can be used for a variety of purposes, including providing information about symptoms, diseases, and treatments; scheduling appointments; and providing reminders about medication and lab tests.
Healthcare chatbots are powered by AI and ML technologies that enable them to understand human conversation. These technologies also allow healthcare chatbots to improve over time through a process called “machine learning.” As healthcare chatbots interact with more people, they become more accurate in their responses.
The adoption of AI and ML technologies is one of the major factors driving the growth of the healthcare chatbot market. AI and ML technologies are being increasingly adopted in the healthcare industry to automate various tasks such as diagnosis, treatment planning, and disease management.
Healthcare chatbots offer a cost-effective solution to this problem by providing affordable access to quality healthcare services. For instance, ChatbotMD is a healthcare chatbot that provides access to doctors via text or voice message 24/7/365. The service costs just $10 per month per person—a fraction of what it would cost to see a doctor in person.
Healthcare chatbots fit this need perfectly by providing on-demand access to quality healthcare services from the comfort of your own home. For instance, HealthTap’s Q&A bot allows users to ask health questions and get answers from qualified doctors within minutes—all without having to leave their homes or offices.
The growing demand for self-care solutions is another factor driving the growth of the healthcare chatbot market. With our busy lifestyles, it has become difficult for people to find time to see a doctor or visit a clinic for routine checkups and consultations. This has resulted in a growing demand for self-care solutions that can be accessed from anywhere at any time.
The healthcare chatbot market is booming thanks to the increasing adoption of artificial intelligence (AI) and machine learning (ML) technologies, the need for cost-effective healthcare solutions, and the growing demand for self-care solutions. Healthcare chatbots offer a convenient and affordable way for people to access quality healthcare services from anywhere at any time.
The study provides a decisive view of the healthcare chatbots market by segmenting the market based on the deployment model, component, end-user, application, and region. By deployment model, the healthcare chatbots market is bifurcated into cloud-based and on-premise. The component segment includes services and software. The end-user segment includes healthcare providers, insurance companies, patients, and others. By application, this market includes medical guidance and appointment scheduling and medication assistance, and symptom checking.
The regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa with its further divided into major countries including the U.S., Germany, France, UK, China, Japan, India, and Brazil.
Report Attributes | Report Details |
---|---|
Report Name | Healthcare Chatbots Market Research Survey Report |
Market Size in 2018 | USD 123 Million |
Market Forecast by 2025 | USD 470 Million |
Compound Annual Growth Rate | CAGR of 21.2% |
Number of Pages | 110 |
Forecast Units | Value (USD Million), and Volume (Units) |
Key Companies Covered | HealthTap Inc, Your.MD, Buoy Health Inc, Sensely Inc, Babylon Healthcare Service Limited, Infermedica, Baidu Inc, PACT Care BV, Ada Digital Health Ltd., GYANT.Com Inc, and Woebot Labs Inc, among others |
Segments Covered | By Deployment Model, By Component, By End-User, By Application, Regional Analysis |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East and Africa (MEA) |
Countries Covered | North America: U.S and Canada Europe: Germany, Italy, Russia, U.K, Spain, France, Rest of Europe APAC: China, Australia, Japan, India, South Korea, South East Asia, Rest of Asia Pacific Latin America: Brazil, Argentina, Chile The Middle East And Africa: South Africa, GCC, Rest of MEA |
Base Year | 2018 |
Historical Year | 2016 - 2018 |
Forecast Year | 2019-2025 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
Report Coverage | Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis. |
Some key players of the global healthcare chatbots market are HealthTap, Inc., Your.MD, Buoy Health, Inc., Sensely, Inc., Babylon Healthcare Service Limited, Infermedica, Baidu, Inc., PACT Care BV, Ada Digital Health Ltd., GYANT.Com, Inc., and Woebot Labs, Inc., among others.
Global Healthcare Chatbots Market: By Deployment Model
Global Healthcare Chatbots Market: By Component
Global Healthcare Chatbots Market: By End-User
Global Healthcare Chatbots Market: By Application
FrequentlyAsked Questions
The study provides a decisive view of the healthcare chatbots market by segmenting the market based on the deployment model, component, end-user, application, and region.
By deployment model, the healthcare chatbots market is bifurcated into cloud-based and on-premise.
The component segment includes services and software.
The end-user segment includes healthcare providers, insurance companies, patients, and others.
By application, this market includes medical guidance and appointment scheduling and medication assistance, and symptom checking.
Healthcare Chatbots market expected to generate CAGR of around 21.2% between 2019 and 2025
Global healthcare Chatbots market size is expected to generate around USD 470 million by 2025
Market size value of the Healthcare Chatbots market in 2018 was USD 123 Million
Leading companies that hold the market share in the Healthcare Chatbots market are HealthTap, Inc., Your.MD, Buoy Health, Inc., Sensely, Inc., Babylon Healthcare Service Limited, Infermedica, Baidu, Inc., PACT Care BV, Ada Digital Health Ltd., GYANT.Com, Inc., and Woebot Labs, Inc., among others.
There are several growth factors driving the growth of the healthcare chatbot market, including the increasing adoption of artificial intelligence (AI) and machine learning (ML), the need for cost-effective healthcare solutions, and the growing demand for self-care solutions.
The regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa with its further divided into major countries including the U.S., Germany, France, UK, China, Japan, India, and Brazil.
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