Healthcare virtual assistants market study and overview by automatic speech recognition, text-based, text-to-speech, and others. The automatic speech recognition segment is expected to witness the highest CAGR owing to its increasing use in smart speakers. The increasing focus on developing conversational virtual assistant tools and multi-language support in healthcare virtual assistant tools are also expected to provide growth opportunities for players in the market.
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The healthcare virtual assistants market is projected to reach USD 1,729 million by 2024 from USD 391 million in 2019, at a CAGR of 34.6%. Growth in this market is driven by the growing number of smartphone users and the increasing use of healthcare applications, the growing demand for quality healthcare delivery, and the rising prevalence of chronic disorders.
Report on healthcare virtual assistants market are automatic speech recognition segment is expected to grow at the highest CAGR during the forecast period. Based on user interface, the automatic speech recognition segment is expected to grow at the highest CAGR during the forecast period. The automatic speech recognition segment is expected to witness the highest CAGR due to its increasing use in smart speakers.
Healthcare virtual assistants market is segmented into smart speakers and chat bots. Smart speakers segment is expected to register highest CAGR during forecast period. Growth of smart speakers segment can be attributed to the increasing consumer preference for technologically advanced products. Smart speakers are multifunctional, fast, varied, and reliable solutions. This not only saves time but also offers increased comfort and greater convenience.
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Factors affects the healthcare virtual assistants market are growing number of smartphone users and the increasing use of healthcare applications, the growing demand for quality healthcare delivery, and the rising prevalence of chronic disorders are driving the growth of the healthcare virtual assistants market.
Top players in global healthcare virtual assistants market are Nuance Communications Inc. (US), Microsoft (US), Amazon (US), Infermedica (Poland), Sensly (US), eGain Corporation (US), Kognito Solutions LLC (US), Verint Systems Inc. (US), HealthTap Inc. (US), and Babylon Healthcare Services Ltd (UK).
Report analyzes various healthcare virtual assistant products & their adoption patterns. It aims at estimating market size and future growth potential of healthcare virtual assistants market for different segments, such as product, user interface, application, end user,and region. The report also includes an in-depth competitive analysis of key players in this market along with their company profiles, product offerings, and recent developments.
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The breakdown of primary participants is as mentioned below:
- By Company Type: Tier 1: 35%, Tier 2: 25%, and Tier 3: 40%
- By Designation: C-level: 40%, Director-level: 40%, and Others: 20%
- By Region: North America: 45%, Europe: 20%, Asia Pacific: 25%, Latin America: 5%, and the Middle East & Africa: 5%
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