Press release
Digital Assistants in Healthcare Market 2021 Business Scenario – Amazon.com Inc., Microsoft Corporation, Verint Systems Inc., ADA Digital Health, Nuance Communications Inc
The Digital Assistants in Healthcare Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.The digital assistants in healthcare market is projected to register a CAGR of almost 33.7% during the forecast period.
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Top Leading Companies of Digital Assistants in Healthcare Market are Amazon.com Inc., Microsoft Corporation, Verint Systems Inc., ADA Digital Health, Nuance Communications Inc., Sensely Inc., eGain Corporation, Infermedica Sp. z o.o, CSS Corporation Pvt Ltd, Babylon Healthcare Services Limited, Healthtap Inc., Medrespond LLC, True Image Interactive Inc. and others.
Industry News and Updates
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 Nuance's 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
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 patient's 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 group's 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.
Regional Outlook of Digital Assistants in Healthcare Market report includes the following geographic areas such as: North America, Europe, China, Japan, Southeast Asia, India and ROW.
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What Are The Market Factors That Are Explained In The Report?
Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.
Analytical Tools: The Digital Assistants in Healthcare Market Report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.
Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.
Customization of the Report: This report can be customized as per your needs for additional data up to 3 companies or countries or 40 analyst hours.
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MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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