Healthcare virtual assistants market is deemed to have the highest growth opportunities, especially in North America. The North America healthcare virtual assistants market is forecasted to reach USD 429.0 million by 2024 from USD 21.01 million in 2019, at a CAGR of 34.60%. Virtual assistants can operate through voice or text messages and performs specific functions accordingly. In healthcare, these are used to search and analyze the data and also record the data in electronic health records. These technologies are more convenient and do tasks accurately with almost no errors.
Market Dynamics:
- Growing prevalence for the utilization of smartphones and laptops are majorly fueling the demand of the market. Also, the market is driven by increasing speed of the internet and also the rising demand for better treatment procedures.
- However, cost for installation and maintenance of these devices are little high which is definitely a restraining attribute for the growth of the market. The rise in the complications in real-time applications is challenging for the growth of the market.
- Coupling of new software and acceptance of advanced technologies and innovative products in the medical sector are merely setting up growth opportunities for the market. Rising investments in the research and development institutes are also lavishing the demand of the market.
Smart speakers segment is fueled to have significant shares of the market
Based on the product, the market is segmented into smart speakers and chatbots. Smart speakers segment is gaining traction of the shares in this market. Stringent rules and regulations by the government in order to support poor people is escalating the growth of the market additionally.
Automatic speech recognition is expected to continue the same shares in the coming years
On the basis of user interference, the market is bifurcated into automatic speech recognition, text-based, text to speech and others. Automatic speech recognition sector is witnessed to have the largest shares of the market. Increasing applications for virtual assistants in healthcare centers is also one of the factors influencing the growth of the market.
North America is positioned at the top in dominating the highest shares of the market
Geographically, the market is held by North America by owing to increasing demand to lower the risks in the medical sector and also to perform high using advanced technologies. Growing funds from public and private organizations for hospitals are accelerating the demand of the market in this region. The market is propelled by increasing scale of research institutes in the biotechnology field.
Few of the Key Players dominating the North America Healthcare Virtual Assistants Market Profiled in the Report are:
- Microsoft (US)
- Nuance Communications Inc. (US)
- Amazon (US)
- eGain Corporation (US)
- Sensing (US)
- Kognito Solutions LLC (US)
- HealthTap Inc. (US)
- Verint Systems Inc. (US)
- ADA Digital Health
- Infermedica
This research report includes the following segmentation for the North America Healthcare Virtual Assistants Market size and forecast 2024
North America Healthcare Virtual Assistants Market - By Product
North America Healthcare Virtual Assistants Market - By User Interface
- Text to speech
- Automatic Speech Recognition
- Text-Based
North America Healthcare Virtual Assistants Market - By End User
- Health Care Payers
- Health Care Providers
- Patients
- Others
North America Healthcare Virtual Assistants Market - By Region
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