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Health Intelligent Virtual Assistant Market Competitive Analysis| Prominent Players: Kognito, eGain Corporation, Nuance Communications, Next IT, Microsoft, True Image Interactive

11-12-2018 12:34 PM CET | Health & Medicine

Press release from: Global Market Insights, Inc.

Health Intelligent Virtual Assistant Market

Health Intelligent Virtual Assistant Market

Introduction of intelligent virtual assistant technology in healthcare has transformed various health processes and improved healthcare delivery worldwide. Intelligent virtual assistants allow doctors to consult electronically by providing access to required test reports, practice procedures, and patient records resulting into improved healthcare efficiency.

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Speech recognition grabbed over 60% of health intelligent virtual assistant market share in 2015, with expectations to witness more than 32% CAGR over the forecast years. Speech recognition technology is becoming increasing popular due to rising penetration of smartphones. Enhanced speech recognition application in EHR allows physicians to be more productive and efficient.

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:

• Microsoft
• Nuance Communications
• eGain Corporation
• Next IT
• Welltok, Inc.
• True Image Interactive
• Kognito
• CodeBaby is now iDAvatars (IDA)
• MedRespond
• CSS International Corporation

Payers should will manifest a robust growth to surpass USD 600 million by 2024. Payers are modernizing the infrastructure, protecting and securing the patients data and improving the interoperability. Payers strive to deliver quality, efficiency, and patient satisfaction in service by using intelligent virtual assistant.

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Providers held the largest industry revenue share with its value slated to reach USD 820 million by 2024. The use of intelligent virtual assistant devices in the hospitals is driven by improved physician efficiency and patient care. In majority of large hospitals, where there are a number of emergency transfers to large ICU settings, the physicians face huge challenge of rapid accurate order entries and medication, which is taken care of by use of intelligent virtual assistants. The provider market is set to exceed USD 810 million by 2024.

Health Intelligent Virtual Assistant Market by Technology
• Speech recognition
• Text-to-Speech
• Voice recognition
Health Intelligent Virtual Assistant Market by End User
• Payer
• Provider

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.

Global Market Insights, Inc.
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