Global Healthcare Virtual Assistants Market Size is estimated to expand rapidly in coming years, at a CAGR of 34.9 % from 2018 to 2025. In 2017, the global market valuation was USD 0.32 billion, and it is anticipated to be greater than USD xx.xx billion by 2025. Medical virtual assistants assist with customer involvement and provide digital training in the most critical moment to serve clients. Increased acceptance and emphasis on customer commitment operations in the field of medicine are expected to boost the industry. Several companies revisit their approach to user experience and implement customer involvement alternatives to boost income and boost patient satisfaction. This will enhance the worldwide market growth.

Furthermore, insurance organizations use of digital help alternatives to improve customer system features, such as medication recalls and other customized facilities. Artificial intelligence in digital workers helps to minimize the number of individuals impacted by quick disease outbreaks like Ebola and Swine Flu. These medical workers may also propose precautionary steps for prevalent diseases like malaria, HIV and tuberculosis. As a result, the relevance of AI-driven MVAs has risen with technological developments. The healthcare industry is increasingly adopting modern techniques, especially automation and automatic speech recognition (ASR). Geographically, market in APAC is expected to witness tremendous growth in the forecast period.

Global Market Growth Opportunities (Revenue, Growth) By 2017-2025

This global market study report analysis offers in-depth insights, revenue details, and other vital information regarding the global healthcare virtual assistants market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2025. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global healthcare virtual assistants market report has been segmented on the basis of type, application, and region. It includes the estimation of the market size, in terms of value, with respect to 4 main geographies, namely, North America, Europe, APAC, and RoW.

Segment Analysis

By User Interface Insights: On the basis of a user interface, global healthcare virtual assistants market has been segmented into automatic speech recognition, text based, text-to-speech based. The automatic speech recognition section is anticipated to develop during the forecast period at the largest CAGR on the basis of the user interface. Due to its growing use in intelligent users, the automated speech recognition sector is anticipated for the greatest CAGR level.

By Product Insights: On the basis of product, global healthcare virtual assistants market has been segmented into chatbots, smart speakers. In 2018, the chatbots section was the market's largest percentage. Chatbots are highly demanded by doctors, nurses and patients at different levels with the help of text/speech/ audio in the healthcare industry. Safedrugbot, Izzy, Babylon Health, Florence, Sensely, Buoy Health are common in clinics around the world.

Smart speakers are expected to appear in the forecast interval as the highest increasing section. They use the technology of automatic speech recognition, which is commonly employed in medicine or as a therapy for clients with depression and loneliness. These translators acknowledge language automatically and execute an intervention appropriately.

By End User Insights: On the basis of end-user, global healthcare virtual assistants market has been segmented into healthcare providers, patients, healthcare payers. Payer features and interoperability are provided by maintaining and safeguarding customer documents. They carry out various functions, including the selection of plans, billing and collections, wellness assessments and guidance on registration. As a consequence, over the estimated span the payer section is ready to publish a notable CAGR.

Regional Analysis

The healthcare virtual assistants market is divided into regions that are North America - U.S, Canada, Other; Asia-Pacific -India, Japan, China, Australia, Other; Europe - UK, Russia, France, Brazil, Other; Middle East and Africa. Every region analysis details in sense of growth, revenue, volume, challenges, and opportunities with the regional and global key players. Countries like China and India are constantly pursuing action in the healthcare industry to enforce MVAs. Increasing numbers of qualified doctors and therapists boost the requirement for digital workers in the region. Due to these factors, the most growth in the forecast period is projected for the APAC.

Due to elevated IoT acceptance and broad use of smartphones, North America accounted for its biggest business percentage in 2018. The national economy is predicted to lead by a shortage of clinicians and the need for violent medical facilities because of the increasing population in nations such as the US. In the mild CAGR during the forecast period, the digital health care assistants industry in Europe is expected to increase. Increasing numbers of aging population elevated smartphone usage, technological advances, growing use of distance surveillance systems and increasing healthcare expenses are the driving force for growth on the European economy.

Global Healthcare Virtual Assistants Market Size, Share Analysis by Region 2017

Global Healthcare Virtual Assistants Market Study Objective

1. To forecast the market size of healthcare virtual assistants market, along with describing and defining the market, in terms of volume and revenue as well as market opportunities for stakeholders, in order to provide a competitive landscape for global market players.

2. Market analysis and forecast of healthcare virtual assistants market on the basis of region, substrate, and application or end-use industry. To profile major market players, and to analyze their market shares and essential competencies comprehensively.

3. To analyze and elaborate significant factors that will have a major impact on the growth of healthcare virtual assistants market, such as drivers, restraints, challenges, and opportunities.

4. The regional analysis of healthcare virtual assistants market, to induce market size of five global major regions, which include, Europe, North America, South America, Middle East & Africa, and the Asia Pacific.

5. Strategic analysis of micro-markets, in terms of individual prospects, opportunities, growth trends and their involvement in the overall market.

6. To provide detailed analysis of competitive and strategic developments in the healthcare virtual assistants market like a new product launch, partnership & agreement, investment & expansion, and company merger & acquisitions.

Key Players Landscape

Nuance Communications, Inc., CodeBaby Corporation, eGain Corporation, Kognito, Microsoft Corporation, MedRespond, CSS Corporation, Next IT Corporation, True Image Interactive, Inc., and Welltok, Inc. are some of the key players in the market of healthcare virtual assistants.

Global Healthcare Virtual Assistants Market Study Report Offer You!

The global healthcare virtual assistants market study report gives an idea about market size, share, stock, equity, investment and total price analysis. Also, the report provides comprehensively industry insights with all major factors such as market credit, allocation, demand, distribution, market scope, key players, end-user & applications, provisions, livestock, commodities and industry economics analysis, future growth & forecast. The global market report includes all depth data like pre-market emphasis, market survey, market investment, industry advice, portfolio, finance, access, trade, market exploration, industry review and market predication & projection to develop effective strategies for optimizing their market position.