Healthcare Chatbots Market : Size & Trends Shows a Rapid Growth by 2027

Databridgemarketresearch.com announces the release of the report "Healthcare Chatbots Market " Size, Share & Trends Analysis Report By 2028. The rapidly revolutionizing market place demands the best market and business solutions to thrive in the market. The wide ranging report also studies the key developments in the market with respect to current scenario and the forthcoming advancements. Moreover, this market report gives information about historic data, present market trends, environment, technological innovation, forthcoming technologies and the technical progress in the related industry. All this data aids industry to take better steps to get their strategies better to trade goods and services. Thus, the persuasive Healthcare Chatbots Market report makes businesses to focus on the more important aspects of the market.

The first class Healthcare Chatbots Market report endows with all-inclusive knowledge and information of rapidly changing market landscape, what already subsists in the market, future trends or market expectations, the competitive environment, and competitor strategies which assists in planning strategies for industry with which it is possible to outdo the competitors. The most accurate way to forecast what future holds is to understand the trend today and hence report has been structured by chewing over numerous fragments of the present and upcoming market scenario. The report makes industry well acquainted with profound knowledge of the global, regional and local market statistics.

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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Competitive Analysis: Global Healthcare Chatbots Market

The global healthcare chatbots market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of healthcare chatbots market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.

Key Market Competitors: Global Healthcare Chatbots Market

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.

Market Definition: Global Healthcare Chatbots Market

A chatbot can be defined as an interactive application that utilizes the artificial intelligence and a set of rules to interact with humans using the textual conversation process. It assists the users in various sectors. Healthcare sector has been an attractive industry for the companies developing chatbot applications for clinicians and patients. For instance, Your.MD platform provides actionable health information which is based on extremely accurate sources and helps the user to make best choices for their health.

Market Drivers:

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

Market Restraints:

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

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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,

Reasons to Purchase this Report:

Current and future of global healthcare chatbots market outlook in the developed and emerging markets
The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period
Regions/Countries that are expected to witness the fastest growth rates during the forecast period
The latest developments, market shares, and strategies that are employed by the major market players

Customization of the Report:

All segmentation provided above in this report is represented at country level
All products covered in the market, product volume and average selling prices will be included as customizable options which may incur no or minimal additional cost (depends on customization)

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