Digital Assistants in Healthcare Market Technology Progress Analysis 2021 to 2025

Global “Digital Assistants in Healthcare Market” 2021 Research report produces information with reference to market size, share, trends, growth, cost structure, capacity, revenue, and forecast 2025. This report also contains the general and comprehensive study of the Digital Assistants in Healthcare market with all its aspects influencing the growth of the market. This report is a full-scale quantitative survey of the Digital Assistants in Healthcare industry and provides data for building strategies to expand the market growth and effectiveness.

Market Overview:

They include chatbots and voice assistants to answer questions, apps to monitor heart rate, wearable devices that track fitness levels, and so on.

The digital assistants in healthcare market is projected to register a CAGR of almost 33.7% during the forecast period (2021-2026). 

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Industry News and Update:

- In April 2020, Nuance Communications Inc. announced the launch of Nuance Mix, an open enterprise-grade, software-as-a-service (SaaS) tooling suite for creating advanced conversational experiences that Power Virtual Assistants (VA) and IVR using Nuances industry-leading and cloud-agnostic Conversational AI.
- In March 2020, Digital health company Babylon launched a new care assistant that is designed to help patients during the COVID-19 pandemic. The service provides information and cares for patients according to their needs, allocating doctors time to the patients who need it most. Patients can check their symptoms, track their illness, chat with trained staff, and consult doctors, with the tool also hoped to help people cope with self-isolation.

Key Market Trends

Smart Speakers to Witness Significant Growth

- The growth of smart speakers is majorly due to changing consumer preferences towards technologically advanced products, which makes use of Artificial Intelligence (AI)and the Internet of things (IoT) as they offer many benefits such as multifunctional nature, less time consuming, increased comfort, convenience, and accuracy.
- For instance, in 2019, Unified Physician Management rolled out a voice-enabled digital assistant, Suki, that uses artificial intelligence (AI) to help doctors with medical charting during patient visits. In May 2020, Suki announced a Series B funding round of USD 20 million, led by new investor Flare Capital Partners and including top investors, like First Round and Venrock.
- In July 2019, Amazon and the UK Government announced Alexa devices would use the NHS website to provide information to users seeking health advice. Using NHS data will help to give users confidence that the information they receive is from a reliable source. Indeed, in this case, the ability of the technology to select such details as a default option is beneficial.
- Although users increasingly rely on them as part of their daily routines, the devices constant monitoring of peoples most intimate environments can seem intrusive. Media articles around the world have raised concerns about the devices supposedly listening to private conversations and sharing recordings. The assistants may record snippets of audio from homes, potentially enabling companies to gather whole new types of data for analysis. Data security threats, such as above, may hinder the growth of the market.

North America is Expected to Hold Significant Market Share

- An increase in the chronic disease population, an increase in the aging population, and the demand for home-based monitoring devices are all the major factors driving the growth of the digital assistant in the healthcare market. Operating home-based devices is becoming dull, and hence these are being used by all age groups. They are also compact and portable, and the patients can carry it all the time without unease. It also ensures that the patients condition is monitored all the time. Moreover, the need to maintain the average healthcare expenditure is also one of the significant reasons for driving the growth of the market.
- According to the United States Bureau data, the number of Americans aged 65 years and older is projected to become more than double (from 46 million in 2016 to over 98 million by 2060), and the 65-and-older age groups share of the total population is likely to rise to nearly 24% from 15%. The growing geriatric population is more prone to diseases, which increases the usage of digital assistant devices in the region.
- Furthermore, the increasing investments by companies in developing improved digital assistant technology with the help of artificial intelligence and machine learning to support automated decision-making systems are expected to fuel the market across North America during the forecast period.
- However, government policies surrounding the protection of consumer data to restrict the misuse of the same may hinder the market growth as companies must comply with the regulations set out by the government and incorporate changes immediately.

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Important Features that are under offering and key highlights of the report:
– Detailed overview of the Digital Assistants in Healthcare market
– Changing market dynamics of the industry
– In-depth market segmentation by Type, Application, etc.
– Historical, current, and projected market size in terms of volume and value
– Recent industry trends and developments
– Competitive landscape of the Digital Assistants in Healthcare market
– Strategies of key players and product offerings
– Potential and niche segments/regions exhibiting promising growth
– A neutral perspective towards Digital Assistants in Healthcare market performance
– Must-have information for market players to sustain and enhance their market footprint

The research includes historic data from 2015 to 2021 and forecasts until 2025 which makes the report an invaluable resource for industry executives, marketing, sales, and product managers, consultants, analysts, and stakeholders looking for key industry data in readily accessible documents with clearly presented tables and graphs.

Finally, the Digital Assistants in Healthcare Market report is the believable source for gaining the market research that will exponentially accelerate your business. The report gives the principle locale, economic situations with the item value, benefit, limit, generation, supply, request and market development rate and figure and so on. Digital Assistants in Healthcare industry report additionally Present new task SWOT examination, speculation attainability investigation, and venture return investigation.

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