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Healthcare Chatbots Market will Generate Revenue of $345.3 million by 2026

07-31-2020 04:35 PM CET | Health & Medicine

Press release from: Allied Market Research

Healthcare Chatbots Market

Healthcare Chatbots Market

The Healthcare Chatbots Market is expected to reach $345.3 million by 2026, with an annual CAGR of 14.5% from 2019 to 2026.

Health Care Chatbot is a user interface used to help users. This user interface uses artificial intelligence to pre-diagnose symptoms before visiting a doctor. In addition, they are used to schedule appointments with doctors, find medical clinics, and seek professional help. This chatbot uses the orthopedic operating table market
Internet communication media for establishing communication between the machine and the patient can be text messages or hearing commands. In addition, chatbots are designed to operate without workers, reducing the workload of healthcare professionals.

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A major factor driving the growth of the healthcare chatbot market is the surge in hospital cost savings due to the use of healthcare chatbots. In addition, the increase in Internet connectivity and smart device adoption is another factor contributing to the growth of the market. In addition, growth in the healthcare chatbot market has been fueled by increased patient wait times and a lack of effective patient care worldwide. In addition, growth potential due to increased awareness during the forecast period provides a favorable opportunity for market growth. But data privacy concerns hinder this market's growth

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According to the app, symptom identification occupied the largest share in the healthcare chatbot market in 2018 due to increased internet usage and a surge in the level of medical information available at the patient level. Moreover, appointment schedules and monitoring are expected to record the fastest growth over the forecast period due to reduced patient wait times and efficient use of healthcare resources.

In 2018, North America occupied a major share of the healthcare chatbot market size and is expected to maintain its dominant position as the healthcare chatbot service becomes readily available. In addition, long patient waiting times contribute to the growth of the global healthcare chatbot market in North America. Meanwhile, the Asia-Pacific region is believed to have experienced the fastest growth during the forecast period, with a growing awareness of the use of healthcare chatbots.

Developing countries offer a favorable opportunity for healthcare chatbot providers to expand their business. The ever-evolving life sciences industry drives growth in developing countries such as India and China.

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Key results of the healthcare Chatbots market:
• Symptom checks accounted for a third of the global healthcare chatbot market in 2018.
• Cloud-based segments are expected to grow to the highest CAGR during the forecast period.
• Patient segment accounted for more than a quarter of the market share in 2018.
• The Asia Pacific region is expected to grow at the highest rate during the analysis period, followed by LAMEA.

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About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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