Health Intelligent Virtual Assistant Market Rising at 33.7% CAGR 2024: Microsoft Corporation, Nuance Communications, Next IT Corporation, eGain Corporation, Kognito, Medrespond, Welltok, Inc., CSS Corporation

The newly released research at Market Study Report LLC titled “2018-2024 Global Health Intelligent Virtual Assistant Market Report” provides data, information, brief analysis, company profiles, statistics for past years and forecasts for next few years.

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.

Growing popularity of internet of things is likely to further stimulate health intelligent virtual assistant business growth. The use of internet of things in healthcare has increased both the size as well as accuracy of medical data through variety of data collection, and expanded the reach of healthcare professionals beyond their limited facilities.

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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).

Health Intelligent Virtual Assistant Market size is set to exceed USD 1.5 billion by 2024; according to a new research study. 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.

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.

Japan health intelligent virtual assistant market attributed for over 30% of Asia-Pacific share in 2016, witnessing healthy growth over the forecast years. Increasing investment by market players for technological development and improved economic indicators should stimulate business growth. Growing aging population and rising uptake of intelligent virtual assistant solutions associated with healthcare should fuel the industry growth.

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Brazil held highest regional market share in 2016 witnessing lucrative growth over the forecast years. Rapidly growing economy and need for better healthcare should promote the adoption of health intelligent virtual assistant across different healthcare organizations.

Agreement and acquisition are some of the major strategies adopted by industry participants. The players are introducing innovative health technology solutions with enhanced features as a part of their commercialization strategy. For instance, Microsoft Corporation and University of Pittsburg Medical Centre together launched the health solution called Healthcare NeXT aiming at transforming healthcare.

Some of the prominent industry players offering unique and advanced products include Next IT Corporation, Microsoft Corporation, Nuance Communications and eGain Communication. Other notable industry participants are True Image Interactive, CodeBaby, Kognito, Medrespond, Welltok and CSS Corporation.

Table of Content:

Chapter 1. Methodology
1.1. Methodology
1.1.1. Initial data exploration
1.1.2. Statistical model and forecast
1.1.3. Industry insights and validation
1.1.4. Market definition and forecast parameters
1.2. Data Sources
1.2.1 Primary
1.2.2 Secondary
Chapter 2. Executive Summary
2.1. Health intelligent virtual assistant industry 3600 synopsis, 2013 – 2024 (USD Million)
2.1.1. Business trends
2.1.2. Technology trends
2.1.4. End user trends
2.1.5. Regional trends
Chapter 3. Health Intelligent Virtual Assistant Industry Insights
3.1 Industry segmentation
3.2 Industry landscape, 2013 – 2024 (USD Million)
3.3 Industry impact forces
3.3.1 Growth drivers
3.3.1.1 Rising smartphone users worldwide coupled with increasing use of health apps
3.3.1.2 Growing popularity of internet of things (IoT)
3.3.1.3 Increasing lifestyle related disorders and rising health consciousness
3.3.1.4 Need to improve the quality of healthcare delivery and cost reduction
3.3.1.5 Rising global chronic disease burden
3.3.2 Industry pitfalls & challenges
3.3.2.1 Large scale unemployment
3.3.2.2 Lack of infrastructure in certain regions
3.4 Technology & innovation landscape
3.4.1. Natural Language Processing
3.4.2. IVA powered by Artificial Intelligence (AI)
3.5. Regulatory landscape
3.5.1. Health Information Technology for Economic and Clinical Health (HITECH)
3.5.2. EU Data Protection Directive
3.5.3. EU Electronic Communication Directive
3.5.4. Electronic Communication Privacy Act (ECPA)
3.6. Reimbursement scenario
3.6.1. U.S.
3.6.2. Europe
3.7. Growth potential analysis
3.8. Porter's analysis
3.9. Competitive Benchmarking, 2016
3.9.1. Strategy dashboard
3.10. PESTEL analysis
Chapter 4. Health Intelligent Virtual Assistant Market, By Technology
4.1 Health intelligent virtual assistant market share by technology, 2016 & 2024 (USD Million)
4.2 Speech Recognition
4.2.1 Market estimates and forecast, by region, 2013 - 2024 (USD Million)

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