Health Intelligent Virtual Assistant Market Global Trends, Market Share, Industry Size, Growth, Opportunities, and Market Forecast 2019 to 2026 The global health intelligent virtual assistants market is forecasted to value over US$ 3 billion by the end of 2026and record a CAGR of 36.3% during the forecast period of 2019-2026. Intelligent virtual assistants leverage voice recognition, natural language processing and big data to provide robust decision support by seamlessly integrating artificial intelligence. The ability of such virtual assistants to respond to text and voice commands fed to mobile healthcare applications ensures greater patient engagement resulting in effective self-care skills in case of chronic conditions. The lifestyle disorders and raising awareness on self-monitoring common health parameters like heart rate, blood pressure, weight etc. are augmenting the adoption of health intelligent virtual assistants. Increased adoption of Internet of Medical Things (IoMT) by healthcare providers in order to enhance the patient care by remote monitoring, timely reminders, fixing appointments, reducing training costs and overall user experience for both patients and caretakers. Focus on modified patient service functions to reduce the healthcare expenses is another aspect fuelling the implementation of health intelligent virtual assistants. Rapid digital transformation and advancement in technologies enabling patientfriendly healthcare apps, wide use of smartphones and demand for superior ailments and epidemics management is estimated to further promote the growth of global health intelligent virtual assistant market. Global Health Intelligent Virtual Assistant Market Restraints • Complexity in understanding the user objectives • Integration challenges related to the vast knowledge base and available health intelligent virtual assistant products • Numerous new entrants in the market aiming for quick launch of products with compromised quality Request a Sample Report @ https://www.futurewiseresearch.com/requestsample.aspx?id=126&page=requestsample Global Health Intelligent Virtual Assistant Market, By Product: + Smart Speakers +Chatbots Chatbots demonstrated leading position during the last two years as they were largely implemented by worldwide hospitals to assist healthcare professionals and patients with audio/text support. However, medical counselling and depression therapies are widely showing an inclination towards smart speakers to assist patients with mental health issues and insomnia. Smart speakers segment relies on automatic speech recognition and is estimated to be the fastest growing as compared to chatbots in future. Global Health Intelligent Virtual Assistant Market, By Technology + Text to Speech + Text Based + Automatic Speech Recognition Text to speech technology is highly penetrated due to complex terminologies involved in medical communication. The segment has shown considerable growth over the last few years and currently dominates the global market. However, Automated Speech Recognition(ASR) is highly capable of streamlining the communication intense aspects of the overall healthcare industry using an interactive voice response system. Hence the ASR segment is extremely probable of demonstrating huge adoption over coming years resulting in a massive CAGR. Global Health Intelligent Virtual Assistant Market, By End-User + Providers + Payers + Others Global Health Intelligent Virtual Assistant Market, By Region: + Europe + North America + APAC + Latin America + Rest of World North America is estimated to be the largest market share holder followed by Europe, in terms of revenue due to advanced telecommunication facilities and government healthcare support penetrating into grass root level. A rise in cardiac patients, ageing population, increased usage of healthcare apps and improved healthcare infrastructure in the emerging nations like India, Japan and China is aiding a wider proliferation of health intelligent virtual assistant market. The APAC region is forecasted to grow at rapid CAGR during 2019-2026. Middle-East region is to follow the footprints showing significant growth opportunities in the rest of the world segment. Purchase a Copy & Ask For Discount: https://www.futurewiseresearch.com/requestsample.aspx?id=126&page=askfordiscount 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 the global 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 Inquire further details about this report at: [email protected] About FutureWise Research: We specialise in high-growth niche markets, assuring flexibility, agility and customised solutions for our clients. Through in-depth market insights and consultancy, we present our clients with the tools they need to be at the forefront of their industry – a position secured for far more than the near future. Contact Us: Company Name: FutureWise Research Contact Person: Vinay Thaploo Email: [email protected] Phone: +44 141 628 9353 / +1 970 279 4295 City: Leeds Country: United Kingdom Website: www.futurewiseresearch.com
The global health intelligent virtual assistants market is forecasted to value over US$ 3 billion by the end of 2026and record a CAGR of 36.3% during the forecast period of 2019-2026. Intelligent virtual assistants leverage voice recognition, natural language processing and big data to provide robust decision support by seamlessly integrating artificial intelligence. The ability of such virtual assistants to respond to text and voice commands fed to mobile healthcare applications ensures greater patient engagement resulting in effective self-care skills in case of chronic conditions.
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