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Health Intelligent Virtual Assistant Market 2020 By Revenue, Top Trend & Regional Growth Forecast

Author : Ronak Bora | Published Date : 2020-09-21 

Health Intelligent Virtual Assistant Market report offers in-depth analysis of the industry size, share, major segments, and different geographic regions, forecast for the next five years, key market players, and premium industry trends. It also focuses on the key drivers, restraints, opportunities and industry challenges.

The plethora of technological advancements plaguing the globe will contribute toward the robust growth of health intelligent virtual assistant market. Implementation of advanced technologies is likely to simplify critical problems in the healthcare sector, which will subsequently increase the productivity and efficiency of the medical space, thereby stimulating health intelligent virtual assistant industry size. As per the market study, health intelligent virtual assistant market remuneration is anticipated to cross USD 1.6 billion by 2024.

Request for a sample copy of this report @ https://www.gminsights.com/request-sample/detail/1823

The applications of the internet of things to improve physician’s delivery care range from remote monitoring to smart sensors and medical device integration. By enhancing existing technology in healthcare, the internet of things helps immensely in the development of modern healthcare infrastructure.

The need for improving patient experience and reducing per capita cost of healthcare and medical errors will escalate the acceptance of intelligent virtual assistants. A health intelligent virtual assistant has the potential to facilitate diagnosing an ailment, offer novel therapy options, and eliminate human error & unnecessary tasks that clog up the system.

On account of the ability of voice recognition technology to store patient data more efficiently in a quick time, the voice recognition technology segment value in the health intelligent virtual assistant industry is expected to reach US$129.3 million by 2024. The introduction of smartphones, digital gadgets, and other digital platforms powered with voice recognition technology will positively influence the widespread acceptance of modern technology and medical innovations.

The effective use of intelligent virtual assistants allows a payer to assess and improve workflow with the entire patient database. Additionally, speech recognition technology can be used by payer group to provide satisfactory customer service and expand business globally. Reportedly, the industry share from payer groups end-users is projected to grow at a CAGR of 33.9% up to 2024.

The accelerating use of healthcare applications along with increasing prevalence of chronic diseases due to an unhealthy lifestyle is anticipated to propel the health intelligent virtual assistant market in Germany. The spurt in elderly population, independently living senior citizens and ubiquitous acceptance of virtual assistants are some major factors influencing the regional market growth. Germany health intelligent virtual assistant market share is estimated to breach the US$129.1 million mark by 2024.

Japan health intelligent virtual assistant industry share will observe a significant growth at 36.1% of CAGR through 2024. The growing focus on rapid development of internet of things indicates the urgency to cate to the rising elderly population through reduced human resource costs. Also, the rising adoption of the internet of things by prominent companies will propel regional businesses in the coming years.

Leading providers of health intelligent virtual assistants worldwide include Welltok, Inc., eGain Corporation, Kognito, Microsoft Corporation, MedRespond, True Image Interactive, Inc., Verint Systems, Nuance Communications, idAvatars, and CSS Corporation. These firms aim to offer new products through R&D, strategic mergers and acquisitions to consolidate their global market position. For example, Nuance declared its strategic collaboration with Partners HealthCare for the enhancement of advanced artificial intelligence software applications for diagnostic imaging in March 2018. 

Browse full table of contents (TOC) of this report @ https://www.gminsights.com/toc/detail/health-intelligent-virtual-assistant-market

Partial Chapter of the Table of Content 

Chapter 4. Health Intelligent Virtual Assistant Market, By Technology

4.1. Health intelligent virtual assistant market share by technology, 2017 & 2024

4.2. Speech recognition

4.2.1.  Market size, by region, 2013 – 2024 (USD Million)

4.3. Text-to-speech

4.3.1.  Market size, by region, 2013 – 2024 (USD Million)

4.4. Voice recognition

4.4.1.  Market size, by region, 2013 – 2024 (USD Million) 

Chapter 5. Health Intelligent Virtual Assistant Market, By End-user

5.1. Health intelligent virtual assistant market share by procedure, 2017 & 2024

5.2. Payers

5.2.1.  Market size, by region, 2013 – 2024 (USD Million)

5.3. Providers

5.3.1.  Market size, by region, 2013 – 2024 (USD Million)

5.4. Others

5.4.1.  Market size, by region, 2013 – 2024 (USD Million)

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for fractovia and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. [email protected] | https://twitter.com/RonakBora26

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