Healthcare Virtual Assistant Market Size by Regional Production Volume, Consumption Volume, Revenue and Growth Rate to 2030

Global Healthcare Virtual Assistant Market is valued approximately USD 290.47 million in 2018 and is anticipated to grow with a healthy growth rate of more than 34.60% over the forecast period 2019-2026. Healthcare virtual assistant are used in the healthcare industry to organize and raise patient data to a higher standard. Also, these systems facilitate healthcare organization to collect tolerant health history, demographics in order, finance/ costing, insurance details, procurement details, data mining and others analysis of all the records.

The growth of the healthcare virtual assistant market is attributed owing to the increasing smartphone penetration and growing use of healthcare apps along with the need to curtail healthcare costs and medical errors. For instance: According to the Consumer Technology Association’s in June 2018, the association has conducted a study on consumer technology ownership. The study reveals that smartphone penetration stood about 87% of homes in the United States. Similarly, as per technocrats, in 2017, smartphone penetration in Germany stood about 69% (55 million); increased from 51 million in 2016. Since, healthcare providers are adopting m-health technologies for monitoring health to save larger amount of healthcare costs. Therefore, rising smartphone penetration would drive the growth of the healthcare virtual assistant market globally. However, concerns related to data privacy impedes the growth of the market over the forecast period. 

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In the statistics by Eurostat, the total value of the ICT sector including manufacturing and services of ICT in Europe, was estimated to be more than EUR 475 billion in the year 2017. Out of these, the ICT services sector accounted for the largest share. Moreover, the ICT services sector is predicted to be ten times larger than that of ICT manufacturing. On the other hand, the ICT services consist of computer programming, consultancy and related activities, along with telecommunication activities, out of which the former held about 49.1% share while the latter held around 30.3% share in the year 2017. These factors are estimated to impact positively towards the growth of the market in the next few years. According to the statistics by GSMA Intelligence, total cellular connections worldwide as of May 2020 was recorded to 10,18 billion.

As per the Eurostat, the total value of the ICT sector in Europe, including the ICT manufacturing and ICT services, was estimated to be more than EUR 475 billion in 2017. In this sector, the ICT services account for the major share as it is predicted to be ten times larger than the share held by ICT manufacturing. ICT services consist of computer programming, consultancy and related activities which held about 49.1% share while the telecommunications activities held around 30.3% share in the segment in 2017. These factors are estimated to impact the market growth in a positive manner in the next few years.

The regional analysis of global healthcare virtual assistant market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to rapid adoption of innovative technology and high adoption of health apps. The dominance of North America is attributed due to the advanced telecommunication sector and highly developed infrastructure for using health intelligent virtual assistant in the United States. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2019-2026. Factors such as growing need for better disease management, increasing healthcare cost and high penetration of smartphones are some key forces, contributing towards the growth of the Asia-Pacific region. 

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Major market player included in this report are:
Nuance Communications, Inc. 
Amazon 
Verint Systems Inc. 
Infermedica 
Sensely, Inc 
Microsoft Corporation 
CSS Corporation 
Egain Corporation 
Kognito Solutions, LLC
Healthtap, Inc.

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below: 

By Product:

Smart Speakers 
Chatbots

By User-Interface:

Automatic Speech Recognition
Text-Based
Text-To-Speech 
Others 

By End-User:

Healthcare Providers 
Healthcare Payers 
Patients
Other end-users 

By Regions:
North America
U.S.
Canada
Europe
UK
Germany
Asia Pacific
China
India
Japan
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2016, 2017
Base year – 2018
Forecast period – 2019 to 2026

Target Audience of the Global Healthcare Virtual Assistant Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors

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Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Key Trends
1.3. Global & Segmental Market Estimates & Forecasts, 2016-2026 (USD Million)
1.3.1. Healthcare Virtual Assistant Market, by Product , 2016-2026 (USD Million)
1.3.2. Healthcare Virtual Assistant Market, by Interface , 2016-2026 (USD Million)
1.3.3. Healthcare Virtual Assistant Market, by End-user, 2016-2026 (USD Million)
1.3.4. Healthcare Virtual Assistant Market, by Region, 2016-2026 (USD Million)
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Healthcare Virtual Assistant Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Industry Evolution
2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Healthcare Virtual Assistant Market Dynamics
3.1. See Saw Analysis
3.1.1. Market Drivers
3.1.2. Market Challenges
3.1.3. Market Opportunities
Chapter 4. Global Healthcare Virtual Assistant Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Buyers
4.1.2. Bargaining Power of Suppliers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model
4.2. PEST Analysis
4.2.1. Political Scenario
4.2.2. Economic Scenario
4.2.3. Social Scenario
4.2.4. Technological Scenario
4.3. Key Buying Criteria (On Demand)
4.4. Regulatory Framework (On Demand)
4.5. Investment Vs Adoption Scenario (On Demand)
4.6. Analyst Recommendation & Conclusion
Chapter 5. Global Healthcare Virtual Assistant Market, by Product
5.1. Market Snapshot
5.2. Market Performance – Potential Model
5.3. Healthcare Virtual Assistant Market, Sub Segment Analysis
5.3.1. Smart Speakers
5.3.1.1. Market estimates & forecasts, 2016-2026 (USD Million)
5.3.1.2. Regional breakdown estimates & forecasts, 2016-2026 (USD Million)
5.3.2. Chatbots
5.3.2.1. Market estimates & forecasts, 2016-2026 (USD Million)
5.3.2.2. Regional breakdown estimates & forecasts, 2016-2026 (USD Million)

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