Microsoft, Nuance Communications Company Profiled in Health Intelligent Virtual Assistant Market|Key Players: eGain Corporation, Next IT, Welltok, Inc., True Image Interactive, Kognito

Health Intelligent Virtual Assistant Market size is set to exceed USD 1.5 billion by 2024; according to a new research study published by Global Market Insights, Inc. Rising smartphone users worldwide coupled with increasing use of health apps and growing popularity of internet of things is set to drive health intelligent virtual assistant market growth. Mobile healthcare technology has gained immense popularity among populations all over the globe. The increased adoption of heath apps demonstrates the shift in trend in patient care; wherein service over mobile devices is being preferred over visiting the physicians.

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Growing need to reduce healthcare costs and improve quality of care will fuel health intelligent virtual assistant market growth. Promising improvements in healthcare infrastructure, patient experience will restructure the healthcare delivery over the coming years. To reduce the medical errors and improve the quality of healthcare has been the first preference of Agency for Healthcare Research and Quality (AHRQ).

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1.Microsoft
2.Nuance Communications
3.eGain Corporation
4.Next IT
5.Welltok, Inc.
6.True Image Interactive
7.Kognito
8.CodeBaby is now iDAvatars (IDA)
9.MedRespond
10.CSS International Corporation

Lack of awareness regarding accuracy and personalization in intelligent virtual assistants in certain regions and, lack of skilled people should hinder health intelligent virtual assistant market growth over forecast years. Speech recognition will witness significant growth over the forecast years due to tremendous rise in demand for documentation with increasing adoption of electronic medical records. The use of speech recognition helps to improve and enhance clinical documentation in various ways by complementing the work of medical transcriptionists, attributing to its growth over the coming years.

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U.S. health intelligent virtual assistant market accounted for the largest regional industry share in 2016. Wide spread adoption of healthcare IT, technologies for effective healthcare system and increasing smartphone users in the U.S. will stimulate industry growth. UK held considerable regional health intelligent virtual assistant market share in 2016 owing to adoption of advanced healthcare technologies. Rising penetration of the internet of things coupled with increasing regulation act related to communication and data should drive business growth in coming years.

Global Market Insights Inc. is a global market research and management consulting company catering to leading corporations, non-profit organizations, universities and government institutions. Our main goal is to assist and partner organizations to make lasting strategic improvements and realize growth targets. Our industry research reports are designed to provide granular quantitative information, combined with key industry insights, aimed at assisting sustainable organizational development.

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