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Health Intelligent Virtual Assistant Market Trends

Report ID: GMI1823
Published Date: Jul 2021
Report Format: PDF

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Health Intelligent Virtual Assistant Market Trends

Healthcare is one of the fastest developing sectors. Over the last decade, medical science has developed rapidly. As the demand for accessible, efficient and inexpensive healthcare rises, the need for infrastructural development also increases. Technological advancement in building AI-powered virtual assistance is one of the potential candidates to address such challenges in the coming years. Virtual assistance can provide better care outcomes while improving the efficiency and productivity of care delivery.

Authors: Mariam Faizullabhoy, Gauri Wani

Frequently Asked Questions (FAQ) :

The market size of health intelligent virtual assistant was worth over USD 424 million during 2020 is anticipated to register around 36.4% CAGR through 2027.

Health intelligent virtual assistant market share from speech recognition technology segment was over USD 260 million in 2020 and will expand due to benefits like faster processing of medical records and documents.

Healthcare providers held more than 51% of the market share in 2020 with increasing cost benefits owing to the adoption of these solutions.

North America market will exhibit over 35.1% CAGR up to 2027 owing to highly developed healthcare infrastructure and faster adoption of speech recognition technology.

Global providers of health intelligent virtual assistant technology are Microsoft Corporation, True Image Interactive, Nuance Communications, Verint Systems and CSS Corporation, along with some others.