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Health Intelligent Virtual Assistant Market: Key Players are Google, Microsoft, Nuance Communications, eGain Corporation, Welltok, Inc., CSS Corp, Next IT

07-20-2018 07:26 AM CET | Health & Medicine

Press release from: fractovia.org

Health Intelligent Virtual Assistant

Health Intelligent Virtual Assistant

Health intelligent virtual assistant market is heavily disrupting the traditional healthcare methods, with IVAs being widely adopted to enable advanced patient care. As virtual health assistants are garnering massive popularity in the healthcare space, it has been found that patients are more often likely to interact with virtual characters. However, the use of IVA technology is still in the nascent stages, and the industry experts predict that it will help healthcare providers to manage patients in a better manner, improve the adherence rate of treatments, reduce costs, and enhance the doctor-patient engagement. Voice recognition, advanced data analytics tools, text-to-speech approach, and novel user interfaces are some of the trending technologies buzzing with promise to spur health intelligent virtual assistant market growth.

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Popular IVAs prevalent across health intelligent virtual assistant industry:

Some of the famous virtual personal assistants, which have gained immense recognition across the global medical fraternity are Apple’s Siri, Microsoft’s Cortana, and Google’s Assistant. However, it is noteworthy to mention that not only tech giants, but even SMBs are involved in driving IVA technology, thereby emerging as key participants in health intelligent virtual assistant industry. An instance of this speculation is Next IT’s Alme of Healthcare, which is a virtual assistant that focuses on chronic disease management and can actively respond to a patient’s request and common queries. This tool is currently adopted on a massive scale by leading government organizations, pharmaceutical companies and healthcare providers.

Another notable example is that of Alegeus, a prominent health IVA industry behemoth, that has very recently introduced its voice-activated IVA for healthcare. ‘Emma’, as it is christened, is very much like other virtual assistants that provide effortless consumer experience and assist patients in getting value-based healthcare.

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These instances are indicative of the dynamic involvement of health IVA industry players in tapping the potential of virtual assistant technology, which has most significantly driven health intelligent virtual assistant industry share in the last few years. The technological advancements in AI have also aided major healthcare IT behemoths to achieve remarkable breakthroughs in health IVA industry. A new Artificial Intelligence Systems Spending Guide has projected the expenditure on AI technologies to surge from USD 8 billion in 2016 to USD 47 billion by 2020.

How IVA deployment will reshape the healthcare sector, driving health IVA market trends in the future:

The lack of skilled physicians to resolve patient queries with regards to their health is one of major factors that will substantially augment healthcare intelligent virtual assistant market. Addressing this need is going to be anything but easy, state experts. This is evident from the fact that in the United States alone, there is just one licensed physician who is available for around 370 people. Summating this issue with the alarming fact that more than 132 million American citizens suffer from at least one chronic ailment, has resulted in the consensus that this developed economy will witness a massive adoption of IVA’s, thereby augmenting the revenue share of North America health intelligent virtual assistant market.

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