North America Healthcare Virtual Assistants Market Growth, Overview with Detailed Analysis 2021-2028 | Amazon.com, Inc., Verient Systems, Inc,, Microsoft Corporation, Infermedica, CSS Corp, Kognito

According to our latest study on "North America Healthcare Virtual Assistants Market" Forecast to 2028 - COVID-19 Impact and Analysis - by Component and End User, the market is projected to reach US$ 2,008.8 million by 2028 from US$ 266.7 million in 2021; it is expected to grow at a CAGR of 33.4% from 2021 to 2028. The report highlights trends prevailing in the market, and the drivers and restraints pertaining to the market growth. The growth of this market is estimated to grow owing to key driving factors such as the growing prevalence of chronic diseases, rising awareness regarding healthcare, and growing demand for social networks and smartphone users. However, security and privacy issues and unaddressed regulatory concerns are expected to hamper the market during the forecast period.

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Chronic diseases, such as heart disease, diabetes, stroke, and obesity, are the leading causes of death across the region, and these diseases account for the largest share of the country's health care cost. According to CDC, in 2018, ~9% of the total population had diabetes, and it is the major cause of lower-limb amputation and kidney failure in the US. Further, the report also suggests that more than 1.5 million American population are diagnosed with diabetes in the US every year.

According to the American College of Cardiology Foundation, in 2018, CHD was the major cause of death due to cardiovascular disease (CVD), followed by stroke, high BP, heart failure, and other CVDs, with a contribution share of 16.8%, 9.4%, 9.0%, and 17.9% respectively. By 2035, nearly 130 million adults in the US are feared to have CVD. Thus, the rising geriatric population and related chronic disorders are expected to push the sales of healthcare virtual assistants devices, thus propelling the growth of the North America healthcare virtual assistants devices market during the forecast period.

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Leading North America Healthcare Virtual Assistants Market Players:
• Nuance Communications, Inc.
• Amazon.com, Inc.
• Verient Systems, Inc,
• Microsoft Corporation
• EGAIN CORPORATION
• Infermedica
• CSS Corp
• Kognito
• Babylon
• True Image Interactive Inc.

Based on component, the healthcare virtual assistants market is segmented into speech recognition, text-to-speech, and voice recognition. In 2021, the speech recognition segment accounted for the largest share in the healthcare virtual assistants market and is expected to retain its dominance during the forecast years. This attributes to the high-volume demand for integrated speech recognition software across various countries. In addition, increasing implementation of mobile devices also contributes to the growth of the market. Furthermore, medical device manufacturers combined with latest AI technologies constantly focused on the improvement in the quality and innovations in these devices are likely to be responsible for the segment to hold a dominant share in the healthcare virtual assistants during the forecast years.

The report is a combination of qualitative and quantitative analysis of the North America Healthcare Virtual Assistants Market. The report also focuses on the exhaustive PEST analysis and extensive market dynamics during the forecast period.

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