In a recently published report, Healthcare Chatbots Market report for till 2030. The report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U S Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analysis and U.S. Census Bureau mention the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) average exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilst imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Healthcare Chatbots Market products.
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Moreover, increasing expenditure on healthcare, backed by the need amongst individuals for quality healthcare services, is also anticipated to contribute to the market growth. According to the statistics by the World Bank, the current health expenditure (% of GDP) around the world increased from 9.08% in 2001 to 9.84% in 2018. Additionally, the current health expenditure per capita (current US$) increased from USD 492.99 in 2001 to USD 1110.84 in 2018.
Healthcare Chatbots Market valued approximately USD 105 million in 2017 is anticipated to grow with a healthy growth rate of more than 21% over the forecast period 2018-2025. Growing necessity of virtual health assistance is the major factor which is driving the growth in the Global Healthcare Chatbots Markets. It is attributed to technological enhancements and increasing dependency of people on technology. Besides this, growing adoption of social media platform is also aiding the growth of the market as some of the social media platform offer chatbots, which in turn encourage people to use healthcare chatbots. Additionally, initiatives taken by numerous market players such as new marketing & advertising strategies, and promotion via online channels are likely to propel the growth in the global market. However, concerns associated with data privacy and requirement of trained expertise to develop chatbot restrict the market growth.
A chatbot is a software which is used to stimulate human conversation using artificial intelligence. These types of software used to get queries solved which are related to health. Nowadays, chatbots are able to interact only with the humans, but new applications are being designed so that two chatbots will be able to interact with each other. As the use of internet is increasing, the market of chatbot is also anticipated to grow. Moreover, rising adoption of smart devices and growing penetration of cloud based models are further expected to boost the demand for healthcare chatbots in the near future.
The regional analysis of Healthcare Chatbots Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. In region such as Asia-Pacific, Middle-East and Africa, rise in usage of passenger vehicles set the growth in Healthcare Chatbots Market over the forecasted period 2018-2025. Asia-Pacific is estimated to hold a prominent share of the Healthcare Chatbots market. Developing countries, such as India and China, are significant players boosting the demand for the Healthcare Chatbots Market. Europe, North America and the Middle East and Africa are continuously witnessing infrastructural growth which fueling the demand of Healthcare Chatbots Market over the coming years. Asia Pacific region is contributing towards the growth of global Healthcare Chatbots Market and anticipated to exhibit higher growth rate / CAGR over the forecast period 2018-2025.
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 Type:
 Software
 Services
By Application:
 Symptom checking & Medication Assistance
 Appointment Scheduling & Medical Guidance
By End User:
 Patients
 Healthcare Providers
 Insurance Companies
 Other End users
By Regions:
 North America
o U.S.
o Canada
 Europe
o UK
o Germany
 Asia Pacific
o China
o India
o Japan
 Latin America
o Brazil
o Mexico
 Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2015, 2016
Base year – 2017
Forecast period – 2018 to 2025
The leading Market players mainly include-
• Your MD
• HealthTap, Inc
• Sensely, Inc
• Buoy Health, Inc
• Intermedica
• Babylon Healthcare Services Limited
• Baidu
• Ada Digital Health Ltd
• PACT Care BV
• Woebot Labs, Inc
• Gyant. Com, Inc
Target Audience of the Healthcare Chatbots 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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The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:
- North America (U.S. & Canada) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
- Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Market Players Analysis & Opportunity Outlook
- Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth Market Players Analys & Opportunity Outlook
- Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Market Players Analysis & Opportunity Outlook
- Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth Market Players Analysis & Opportunity Outlook
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