Health Intelligent Virtual Assistant Market by Technology, Application & Geography – Analysis & Forecast

ReleaseWire

Selbyville, DE -- (SBWIRE) -- 10/13/2018 -- Health Intelligent Virtual Assistant Market Research Report for the period of 2018-2024 that shows the growth of the market is rising at a Steady CAGR to 2024.

U.S. health intelligent virtual assistant market accounted for the largest regional industry share in 2016. Wide spread adoption of healthcare IT, technologies for effective healthcare system and increasing smartphone users in the U.S. will stimulate industry growth.

UK held considerable regional health intelligent virtual assistant market share in 2016 owing to adoption of advanced healthcare technologies. Rising penetration of the internet of things coupled with increasing regulation act related to communication and data should drive business growth in coming years.

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Rising smartphone users worldwide coupled with increasing use of health apps and growing popularity of internet of things is set to drive health intelligent virtual assistant market growth. Mobile healthcare technology has gained immense popularity among populations all over the globe. The increased adoption of heath apps demonstrates the shift in trend in patient care; wherein service over mobile devices is being preferred over visiting the physicians. Health Intelligent Virtual Assistant Market size is set to exceed USD 1.5 billion by 2024; according to a new research study.

Increasing lifestyle related disorders coupled with rising health consciousness should also drive the health intelligent virtual assistant market. Lifestyle diseases remain the leading cause of death worldwide. Intelligent virtual assistants respond to the voice or text queries through mobile devices or health apps, thus increasing patient engagement and improving self-management skills for chronic disease. Thus, rising global chronic disease burden across the globe in healthcare industry should further augment health intelligent virtual assistant market growth in coming years.

Growing need to reduce healthcare costs and improve quality of care will fuel health intelligent virtual assistant market growth. Promising improvements in healthcare infrastructure, patient experience will restructure the healthcare delivery over the coming years. To reduce the medical errors and improve the quality of healthcare has been the first preference of Agency for Healthcare Research and Quality (AHRQ).

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Payers should will manifest a robust growth to surpass USD 600 million by 2024. Payers are modernizing the infrastructure, protecting and securing the patients data and improving the interoperability. Payers strive to deliver quality, efficiency, and patient satisfaction in service by using intelligent virtual assistant.

Japan health intelligent virtual assistant market attributed for over 30% of Asia-Pacific share in 2016, witnessing healthy growth over the forecast years. Increasing investment by market players for technological development and improved economic indicators should stimulate business growth. Growing aging population and rising uptake of intelligent virtual assistant solutions associated with healthcare should fuel the industry growth.

Some of the prominent industry players offering unique and advanced products include Next IT Corporation, Microsoft Corporation, Nuance Communications and eGain Communication. Other notable industry participants are True Image Interactive, CodeBaby, Kognito, Medrespond, Welltok and CSS Corporation.

Agreement and acquisition are some of the major strategies adopted by industry participants. The players are introducing innovative health technology solutions with enhanced features as a part of their commercialization strategy. For instance, Microsoft Corporation and University of Pittsburg Medical Centre together launched the health solution called Healthcare NeXT aiming at transforming healthcare.

Table of Content:

Chapter 1. Health Intelligent Virtual Assistant Market Methodology

Chapter 2. Health Intelligent Virtual Assistant Market Executive Summary

Chapter 3. Health Intelligent Virtual Assistant Industry Insights

Chapter 4. Health Intelligent Virtual Assistant Market, By Technology

Chapter 5. Health Intelligent Virtual Assistant Market, By End-user

Chapter 6. Health Intelligent Virtual Assistant Market, By Region

Chapter 7. Company Profiles

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Related Report:

Global Health Intelligent Virtual Assistant Market Size, Status and Forecast 2025

This report studies the global Health Intelligent Virtual Assistant market size, industry status and forecast, competition landscape and growth opportunity. This research report categorizes the global Health Intelligent Virtual Assistant market by companies, region, type and end-use industry.

In 2017, the global Health Intelligent Virtual Assistant market size was million US$ and it is expected to reach million US$ by the end of 2025, with a CAGR of during 2018-2025.

https://www.marketstudyreport.com/reports/global-health-intelligent-virtual-assistant-market-size-status-and-forecast-2025?utm_source=RR-SP

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