Healthcare Virtual Assistants Market Share, Size & Industry Growth Report, 2020-2027

Growth opportunities in the healthcare virtual assistants market look promising over the next six years. This is mainly due to the rise in the incidences of chronic disorders, increasing demand for healthcare services, increasing penetration of the internet & smartphone devices, and continuous technological improvement.

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Healthcare Virtual Assistants Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)

Key Drivers

The factors driving the growth of global healthcare virtual assistants are the accelerating penetration of smartphone and internet devices, surging occurrence of chronic disorders, and increasing use in healthcare applications coupled with the need to reduce the costs of healthcare and the number of medical errors. Augmenting demand for healthcare services, lack of healthcare professionals, and increasing technological innovations integrated with the emphasis on manufacturing the multi-language support tools of virtual assistants are anticipated to propel the growth of the virtual assistants market during the forecast period. However, the factors restraining the growth of the global virtual assistant market include insufficient awareness among healthcare professionals and concerns related to the privacy of data.

Product Segment Drivers

On the basis of product, the smart speakers' segment is projected to expand at a higher CAGR during the forecast period because of the augmented demand from the end-users. The advantages of healthcare virtual assistants such as ease to use, time effectiveness, and presence of advanced features further bolster the growth of the market. The smart speakers also provide an enhanced level of comfort, are reliable, fast, and can offer companionship and reduce the real human cost driving the growth of smart speakers in the market.

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Regional Drivers

Based on region, Asia-Pacific is expected to increase at a faster CAGR over the forecast period owing to a rise in the geriatric population, surge in the healthcare sector, increasing adoption of technological advancements along with the growing penetration of smartphones. Moreover, expanding healthcare spending and costs and awareness regarding the virtual assistant solution among the consumers also support the market growth in this region.

Healthcare Virtual Assistants Market’s leading Manufacturers:

• Microsoft Corporation
• Sensely, Inc
• Egain Corporation
• CSS Corporation
• ADA Digital Health
• Verint Systems Inc.
• Nuance Communications, Inc.
• Amazon
• Infermedica
• Kognito Solutions, LLC,
• Healthtap, Inc.
• Babylon Healthcare Service Limited

Healthcare Virtual Assistants Market Segmentation:

Segmentation by Product:
• Smart Speakers
• Chatbots

Segmentation by User Interface:
• Text-To-Speech
• Automatic Speech Recognition
• Text-Based
• Others

Segmentation by End-User:
• Healthcare Payers
• Patients
• Healthcare Providers
• Others

Segmentation by Region:

• North America
o United States of America
o Canada

• Asia Pacific
o China
o Japan
o India
o Rest of APAC

• Europe
o United Kingdom
o Germany
o France
o Spain
o Rest of Europe

• RoW
o Brazil
o South Africa
o Saudi Arabia
o UAE
o Rest of the world (remaining countries of the LAMEA region)

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