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Healthcare BPO Market is Expected to reach USD 314.3 million by 2023 from USD 122.0 million by 2018 | at a CAGR of 20.8%

04-13-2020 01:03 PM CET | IT, New Media & Software

Press release from: ReportsnReports

Healthcare BPO Market is Expected to reach USD 314.3 million

To identify the scope of Global Healthcare BPO Market 2020, this report is prepared by in-depth analysis of historical data. The report forecasts the market size by the end of 2025 at an impressive CAGR provided by Reports and Reports. The report offers detailed outline of Global Healthcare Chatbots Market and vital market trends. The prime agenda of this report is to provide a detailed analysis of the global, regional and country-level market size, market growth, market status, forecast, sales analysis, value chain optimization, trade regulations, recent developments, opportunities analysis, and importance of the global and national market players, competitive environment, expansion, acquisition, partnerships and technological innovations. The prime market segments considered to prepare this report are key players, regional segments, type and application. 

"Global healthcare chatbots market is projected to grow at 20.8% during the forecast period."

The healthcare chatbots market is expected to reach USD 314.3 million by 2023 from USD 122.0 million by 2018, at a CAGR of 20.8% from 2018 to 2023. The rising Internet connectivity and adoption of smart devices and the need for virtual assistance are factors driving the market. However, concerns regarding data privacy, lack of expertise for chatbot development, and lack of awareness pose a significant challenge to the market growth.

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"By application, the appointment scheduling & medical guidance segment is expected to grow at a higher CAGR during the forecast period."

By application, the healthcare chatbots market is segmented into symptom checking & medication assistance and appointment scheduling & medical guidance. The symptom checking & medication assistance segment is expected to lead the market in 2018. The appointment scheduling & medical guidance segment is expected to grow at a higher CAGR during the forecast period as compared to the symptom checking & medication assistance segment, mainly due to the growing usage of healthcare chatbots by hospitals and clinics.

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"North America to witness high growth during the forecast period."

In 2018, Europe is estimated to account for the largest share of the market, followed by North America. However, North America is expected to register the highest CAGR during the forecast period. The high growth in North America can beattributed to the growing number of therapy chatbots, rising adoption of smart devices, and growth in venture capital investments to developadvanced chatbots.

The primary interviews conducted for this report can be categorized as follows:

By Company Type: Tier 1 - 28%; Tier 2 -12%; Tier 3 -60%.
By Designation: C-level- 23%; D-level- 25%; others--52%.
By Region: North America-59%; Europe-14%;Asia-22%; RoW-5%.

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List of companies profiled in the report

Your.MD (UK)
HealthTap, Inc. (US)
Sensely, Inc. (US)
Buoy Health, Inc. (US)
Infermedica (Poland)
Babylon Healthcare Service Limited (UK)
Baidu, Inc. (China)
Ada Digital Health Ltd. (Germany)
PACT Care BV (Netherlands)
Woebot Labs, Inc. (US)
GYANT.Com, Inc. (US)

Research Coverage:

The report provides an overview of the healthcare chatbots market. It aims at estimating the market size and growth potential of this market across different segments such as component, deployment model,application, end user, and region. Furthermore, the report also includes an in-depth competitive analysis of the key players in the market along with their company profiles, recent developments, and key market strategies.

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ReportsnReports.com is your single source for all market research needs. Our database includes 500,000+ market research reports from over 95 leading global publishers & in-depth market research studies of over 5000 micro markets.

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