Overview

Health intelligent virtual assistants market is forecasted to value over US$ 3 billion by the end of 2026 and record a CAGR of 36.3% during the forecast period of 2020-2027.

Increasing use of smartphones is one of the key factors augmenting the market growth. Healthcare apps, mobile healthcare technology, and m-health solutions are witnessing accelerated adoption across the globe. Furthermore, the growing usage of smartphones for healthcare services by physicians is poised to drive market growth in the coming years. With the developing need for cost-effective solutions in the healthcare landscape, providers are embracing m-health solutions to save a substantial amount on healthcare expenses. Rising preference towards the internet of things (IoT) will further encourage the growth of the market throughout the forecast period.

Market Highlights:
+ Automatic Speech Recognition segment estimated to witness accelerated growth during the forecast period
+ Chatbot segment accounted for the largest market share in 2018 and is foreseen to continue its dominance
+ Providers segment is foreseen to grow at a higher CAGR as compared to other end-users
+ North America will continue its dominance in the global market as a leading revenue contributor

Market Segmentation:
By Product:
+ Smart Speakers
+ Chatbots

By Technology
+ Text to Speech
+ Text Based
+ Automatic Speech Recognition

By End-User
+ Providers
+ Payers
+ Others

By Region:
+ Europe
+ North America
+ APAC
+ Latin America
+ Rest of World

Competitive Landscape:
+ Tier 1 players- established companies in the market with a major market share
+ Tier 2 players
+ Emerging players which are growing rapidly
+ New Entrants

FutureWise Takeaways
+ Growth prospects
+ SWOT analysis
+ Key trends
+ Key data points affecting market growth

Objectives of the Study:
+ To provide an exhaustive analysis on health intelligent virtual assistant market by product, by technology, by end-user and by region
+ To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
+ To evaluate and forecast micro-markets and the overall market
+ To predict the market size, in key regions (along with countries)—North America, Europe, Asia Pacific, Latin America, and the Middle East.
+ To record evaluate and competitive landscape mapping- product launches, technological advancements, mergers and expansions
+ Profiling of companies to evaluate their market shares, strategies, financials and core competencies