Healthcare Visual Assistants Market Analysis 2024: Transforming Patient Care with Technology

The Business Research Company has released its latest global market reports, covering insights for 2024 and offering projections up to 2033.

The Business Research Company presents an extensive market research report on the Healthcare Visual Assistants Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.

Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.

Market Sizing:

The healthcare virtual assistants market size has grown exponentially in recent years. It will grow from $1.1 billion in 2023 to $1.56 billion in 2024 at a compound annual growth rate (CAGR) of 41.8%. The growth in the historic period can be attributed to increased internet connectivity, growing adoption of smartphones, growing demand of the healthcare industry, increasing use of mobile applications.

The healthcare virtual assistants market size is expected to see exponential growth in the next few years. It will grow to $6.2 billion in 2028 at a compound annual growth rate (CAGR) of 41.4%. The growth in the forecast period can be attributed to growing prevalence of chronic diseases, increasing demand for teleconsultations, increasing focus on patient engagement, increasing burden of lifestyle diseases. Major trends in the forecast period include technological advancements, product innovations, partnerships, investments in healthcare.

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Key Market Players:

Major companies operating in the healthcare visual assistants market report are Amazon.com Inc., Alphabet Inc., Microsoft Corporation, Epic Systems Corporation, Babylon Holdings Limited, Amelia LLC, Medical Information Technology Inc., Lyra Health Inc., Omada Health Inc., Ada Health GmbH, Talkspace, Headspace Inc., eGain Corporation, TytoCare Ltd., Viz.ai Inc., K Health Inc., Haptik Technologies Limited, Akili Inc., Woebot Health, Your.MD Ltd., NOHOLD Inc., Sanvello Health, Oxygen Group of Companies, ScribeEMR Systems Private Limited, Tucuvi Care S.L.

Market Drivers:

Increasing telehealth services is expected to propel the growth of the healthcare virtual assistant market going forward. Telehealth services refer to the delivery of health-related services and information via digital communication technologies to provide care, advice, reminders, education, intervention, monitoring, and remote admissions. Healthcare virtual assistants enhance telehealth services by providing automated, 24/7 patient support through digital platforms, facilitating appointment scheduling, symptom checking, medication reminders, and personalized health advice, thereby improving accessibility and efficiency in healthcare delivery. For instance, in August 2022, according to the Australian Digital Health Agency, an Australia-based government agency, from 2020 to 2022, over 95,000 practitioners provided 118.2 million telehealth services to 18 million patients. Further, in February 2023, according to a report by Rock Health, a US-based healthcare organization, telemedicine adoption had surged, with 80% of respondents accessing care remotely, up from 72% in 2021. Therefore, increasing telehealth services is driving the growth of the healthcare virtual assistant market.

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The healthcare visual assistants market covered in this report is segmented -

1) By Product: Chatbots, Smart Speakers
2) By Technology: Automatic Speech Recognition (ASR) And Speech Recognition, Text Based, Text-To-Speech
3) By End User: Providers, Payers, Other End Users

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