Global Healthcare Chatbots Market 2020:Data Considering Post Impact of Covid-19 on Share, Size and Future Demand||Anboto, Sensely, Buoy Health, Inc., Infermedica, Babylon, Baidu, Inc., Ada Health GmbH, PACT Care BV, Woebot, GYANT.COM
The global healthcare chatbots market is expected to rise from its initial estimated value of USD 122.0 million in 2018 to an estimated value of USD 542.3 million by 2026 registering a CAGR of 20.5% in the forecast period of 2019-2026. This rise in the market can be attributed to the rising adoption of smart device and increasing connectivity.
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Few of the major market competitors currently working in the healthcare chatbots market are HealthTap, Inc., Anboto, Sensely, Buoy Health, Inc., Infermedica, Babylon, Baidu, Inc., Ada Health GmbH, PACT Care BV, Woebot, GYANT.COM, Inc., Creative Virtual, Your.MD, Synthetix Ltd., Next IT Corp., CX Company, Inbenta Technologies Inc., eGain, Nuance Communications, Inc. and eCreations.
FACTORS DRIVING GROWTH IN HEALTHCARE CHATBOTS MARKET
Increasing Connectivity and Smart Devices
According to a data, there is increase in the smartphone user worldwide. There was about 1.57 billion smartphone user worldwide in 2014, which was 1.86 billion in 2015, then was 2.1 billion in 2016, in 2017 was 2.32 billion, 2.53 billion in 2018 and is 2.71 in 2019. It is expected that it will be 2.87 billion in 2020. Increase in the smartphone user lead to the increase in the smartphone which lead to the increase in the display market.
Rising demand for virtual health assistance is a major factor leading to industry growth
Constant innovations and technological developments in the industry will act as a major market driver
Increasing concerns related to data privacy is acting as a major restraint for the market
Lack of knowledge for chatbot development will also hamper the market demand
Other important Healthcare Chatbots Market data available in this report:
• Market share and year-over-year growth of key players in promising regions
• Emerging opportunities, competitive landscape, revenue and share of main manufacturers.
• Key performing regions (APAC, EMEA, Americas) along with their sub-regions are detailed in this report.
• Strategic recommendations, forecast & growth areas of the Healthcare Chatbots Market.
• This report discusses the market summary, market scope& gives a brief outline of the Healthcare Chatbots Market
• Challenges for the new entrants, trends & market drivers.
• Competitive developments such as expansions, agreements, new product launches & acquisitions.
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Segmentation: Global Healthcare Chatbots Market
Healthcare Chatbots Market By Component
Healthcare Chatbots Market By Deployment Model
Healthcare Chatbots Market By Application
Diagnosis & medical aid
Healthcare Chatbots Market By End User
Healthcare Chatbots Market By Geography
Middle East and Africa
Key Developments in the Market:
In June, 2018, Bupa entered into a strategic partnership with Babylon to offer artificial intelligence powered health services to its corporate clients. This strategy would help the company to enhance its customer base.
In July, 2017, Baidu acquired Kitt.ai to provide developers a platform for building chatbots based on NLP and AI technology. This would help in the development of the company and also would expand their customer base,
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Insights in the report
Profiles of key players and brands
To analyze based on end-users and applications and focus on the growth rate of each application.
Market Penetration: Comprehensive information on the product portfolios of the top players in the Healthcare Chatbots market
To strategically profile key players and comprehensively analyze their market position in terms of ranking and core competencies, and detail the competitive landscape for market leaders
Product Development/Innovation: Detailed insights on the product approvals, R&D activities, and product launches in the Healthcare Chatbots market
Key Questions Answered in This Report
– What will the market size be in 2026?
– What are the key factors driving the global Healthcare Chatbots market?
– What are the challenges to market growth?
– Who are the key players in the Healthcare Chatbots market?
– What are the market opportunities and threats faced by the key players?
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