Health Intelligent Virtual Assistant Market, By Products (Smart Speakers, Chatbots, Mobile-based Apps), By Technology (Automatic Speech Recognition, Text-to-Speech, Voice Recognition), By End User (Healthcare Providers, Payers) and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2032

Report Code: PMI501322 | Publish Date: June 2023 | No. of Pages: 170

Health Intelligent Virtual Assistant Market Overview

Intelligent virtual assistants are AI and machine learning-enabled software that lets customers quickly find relevant information or complete tasks based on personal user information, past conversations, and their location. A virtual medical assistant is an administrator who performs their medical duties remotely rather than being present in your office, depending on the expertise you choose to hire, your virtual medical assistant can provide a wide range of virtual health care and medical services. Google Assistant is the smartest digital assistant service, Amazon Alexa offers compatibility with other devices and Apple's Siri offers the most advanced automation features. Of all the markets, Google Assistant is considered the most advanced, while tools such as Apple's Siri, Amazon's Alexa, Google Assistant, Microsoft's Cortana and IBM's Watson are the most popular, many businesses use text-based intelligent virtual agent applications to provide customer service. For many companies, intelligent virtual assistants provide an important service layer, IVAs provide a better customer experience than traditional chatbots and can help customers reach a successful resolution faster, and they can reduce the number of customers who still need to speak with a live operator to have a positive user experience. Intelligent virtual assistants process the words a user speaks or types and convert them into digital data that software can analyze, often using innovative speech-recognition algorithms to find possible answers. As the number of questions increases, the software learns over time what users want when they enter a specific answer, helping to improve the reliability and speed of responses. As end users interact with a solution that closely mimics a human agent, some users using text-based alternatives may believe they are sending messages to an agent. Factors such as availability of low-cost software modules for chatbot design, demand for automation in customer service, and integration of speaker-based virtual assistants and smart home appliances with high adoption of chatbots contribute to the growth of the Health Intelligent Virtual Assistant Market during the forecast period.

Attributes

Details

Health Intelligent Virtual Assistant Market Value (2022)

US$ 5.46 Bn

Health Intelligent Virtual Assistant Market Projected  Value(2032)

US$ 46.8 Bn

Health Intelligent Virtual Assistant Market CAGR (2022-2032)

32.1%

Health Intelligent Virtual Assistant Market Dynamics

Increasing adoption of AI in healthcare applications and increasing emphasis on patient engagement activities is expected to drive the market, and many organizations are rethinking their user experience strategy and implementing patient engagement solutions to increase revenue and improve patient satisfaction, which will drive growth in the marketHowever, increasing use of smartphones integrated with healthcare technology may fuel the growth of the global health intelligent virtual assistant market in the future. Worrying concerns about patient data security and lack of structured data in healthcare are expected to restrain market growth. However, reluctance to understand smart speakers and lack of accuracy in chatbots are some of the restraining factors that may hinder the growth of the market.

Technological advancement

Integration of other new technologies such as automatic speech recognition will help boost the health intelligent virtual assistant market in the coming years. Modern technologies, particularly automation and automatic speech recognition, are increasingly being adopted in the healthcare sector. Speech recognition technology, which is widely used for medical counseling or as a therapist for patients suffering from loneliness and depression. Technological developments in the fields of neuro-linguistic programming, conversational interfaces, automation, AI and deep and machine learning processes have made virtual assistants a useful tool. In 2018, Nuance launched Dragon Medical One, a universal clausal-based speech recognition platform in Canada that enables doctors to quickly and conveniently capture a patient's entire story. Manufacturers involved in the Health Intelligent Virtual Assistant Market are developing advanced versions of their products due to new age technological advancements. Major Health Intelligent Virtual Assistant Market players are investing more in power systems and creating more modern, time-saving, cost-effective technologies that are positively impacting the Health Intelligent Virtual Assistant Market.

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Health Intelligent Virtual Assistant Market Segmentation

Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.

The Health Intelligent Virtual Assistant Market is segmented based on products, technology, end user and region.

On the basis of Products, the Health Intelligent Virtual Assistant Market is segmented into Smart Speakers, Chatbots, and Mobile-based Apps. On the basis of Technology, the target market is classified into Automatic Speech Recognition, Text-to-Speech, and Voice Recognition. On the basis of End User, the target market is classified into Healthcare Providers, Payers.

Regional Insights

Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.

On region the Health Intelligent Virtual Assistant Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific may witness strong growth in the health intelligent virtual assistant market in the coming years as countries such as India and China are able to implement health intelligent virtual assistants in healthcare facilities.

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Report Scope:

Attribute

Details

Base year for estimation

2022

Forecast period

2022 – 2032

Market representation

Revenue in USD Billion & CAGR from 2022 to 2032

Market Segmentation

By Products – Smart Speakers, Chatbots, Mobile-based Apps

By Technology - Automatic Speech Recognition, Text-to-Speech, Voice Recognition

By End User - Healthcare Providers, Payers

Regional scope

North America - U.S., Canada

Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe

Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific

Latin America - Brazil, Mexico, Argentina, Rest of Latin America

Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa

Report coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2022 to 2032. For the purpose of this study, has segmented the Health Intelligent Virtual Assistant Market report based on product, technology, end user and region:

Health Intelligent Virtual Assistant Market, By Product:

  • Smart Speakers
  • Chatbots
  • Mobile-based Apps

Health Intelligent Virtual Assistant Market, By Technology:

  • Automatic Speech Recognition
  • Text-to-Speech
  • Voice Recognition

Health Intelligent Virtual Assistant Market, By End User:

  • Healthcare Providers
  • Payers

Health Intelligent Virtual Assistant Market, By Region:

      • North America
          • U.S.
          • Canada
      • Europe
          • Germany
          • UK
          • France
          • Russia
          • Italy
          • Rest of Europe
      • Asia Pacific
          • China
          • India
          • Japan
          • South Korea
          • Rest of Asia Pacific
      • Latin America
          • Brazil
          • Mexico
          • Rest of Latin America
      • Middle East & Africa
          • GCC
          • Israel
          • South Africa
          • Rest of Middle East & Africa

Health Intelligent Virtual Assistant Market Key Players

The key players operating the Health Intelligent Virtual Assistant Market includes Kognito, Microsoft Corporation, MedRespond, eGain Corporation, CSS Corporation, idAvatars, Nuance Communications, nextIT Corporation, Verint systems, True Image Interactive Inc., Welltok Inc.

Recent Development:

  • In October 2022, Microsoft Corporation announced a new collaboration to make everyday health easier for people who are blind, have low vision, or have difficulty reading product labels due to low literacy.
  • In October 2022, AtlantiCare launched the Orbita virtual assistant and conversational AI platform, technology that makes it easier for individuals to connect with their providers and supports access to self-scheduling options for the health care system.

Health Intelligent Virtual Assistant Market Company Profile

  • Kognito*
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Microsoft Corporation
  • MedRespond
  • eGain Corporation
  • CSS Corporation
  • idAvatars
  • Nuance Communications
  • nextIT Corporation
  • Verint systems
  • True Image Interactive Inc.
  • Welltok Inc.

“*” marked represents similar segmentation in other categories in the respective section

Health Intelligent Virtual Assistant Market Table of Contents

  1. Research Objective and Assumption
    • Preface
    • Research Objectives
    • Study Scope
    • Years Considered for the study
    • Assumptions
    • Abbreviations
  2. Research Methodology
    • Research data
    • Primary Data
      • Primary Interviews
      • Primary Breakdown
      • Key data from Primary Technology
      • Key Thickness Insights
    • Secondary Data
      • Major Secondary Technology
      • Secondary Technology
    • Market Estimation
    • Top-Down Approach
      • Approach for estimating Market Share by Top-Down Analysis (Supply Side)
    • Bottom-Up Approach
      • Approach for estimating market share by Bottom-up Analysis (Demand Side)
    • Market Breakdown and Data Triangulation
    • Research Assumptions
  3. Market Purview
    • Executive Summary
    • Key Findings—Global Outlook for medical carts Strategies
      • Key Questions this Study will Answer
      • Market Snippet, By Products
      • Market Snippet, By Technology
      • Market Snippet, By End User
      • Market Snippet, By Region
    • Opportunity Map Analysis
    • Executive Summary—3 Big Predictions
  4. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
      • Market Trends
    • DR Impact Analysis
    • PEST Analysis
    • Porter’s Five Forces Analysis
    • Opportunity Orbit
    • Market Investment Feasibility Index
    • Macroeconomic Factor Analysis
  5. Health Intelligent Virtual Assistant Market, By Products
    • Overview
      • Market Value and Forecast (US$ Bn), and Share Analysis (%), 2022 – 2032
      • Y-o-Y Growth Analysis (%), 2022 – 2032
      • Segment Trends
    • Smart Speakers
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
    • Chatbots
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
    • Mobile-based Apps
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
  6. Health Intelligent Virtual Assistant Market, By Technology
    • Overview
      • Market Value and Forecast (US$ Bn), and Share Analysis (%), 2022 – 2032
      • Y-o-Y Growth Analysis (%), 2022 – 2032
      • Segment Trends
    • Automatic Speech Recognition
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
    • Text-to-Speech
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
    • Voice Recognition
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
  7. Health Intelligent Virtual Assistant Market, By End User, 2022 – 2032, (US$ Bn)
    • Overview                                      
      • Market Value and Forecast (US$ Bn), and Share Analysis (%), 2022 – 2032
      • Y-o-Y Growth Analysis (%), 2022 – 2032
      • Segment Trends
    • Healthcare Providers
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
    • Payers
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
  8. Health Intelligent Virtual Assistant Market, By Region, 2022 – 2032, (US$ Bn)
    • Overview
      • Market Value and Forecast (US$ Bn), and Share Analysis (%), 2022 – 2032
      • Y-o-Y Growth Analysis (%), 2022 – 2032
      • Regional Trends
    • North America
      • Market Size and Forecast (US$ Bn), By Products, 2022 – 2032
      • Market Size and Forecast (US$ Bn), By Technology, 2022 – 2032
      • Market Size and Forecast (US$ Bn), By End User, 2022 – 2032
      • Market Size and Forecast (US$ Bn), By Country, 2022 – 2032
        • U.S.
        • Canada
    • Europe
      • Market Size and Forecast (US$ Bn), By Products, 2022 – 2032
      • Market Size and Forecast (US$ Bn), By Technology, 2022 – 2032
      • Market Size and Forecast (US$ Bn), By End User, 2022 – 2032
      • Market Size and Forecast (US$ Bn), By Country, 2022 – 2032
        • UK
        • France
        • Germany
        • Russia
        • Italy
        • Rest of Europe
    • Asia Pacific
      • Market Size and Forecast (US$ Bn), By Products, 2022 – 2032
      • Market Size and Forecast (US$ Bn), By Technology, 2022 – 2032
      • Market Size and Forecast (US$ Bn), By End User, 2022 – 2032
      • Market Size and Forecast (US$ Bn), By Country, 2022 – 2032
        • India
        • Japan
        • South Korea
        • China
        • Rest of Asia Pacific
    • Latin America
      • Market Size and Forecast (US$ Bn), By Products, 2022 – 2032
      • Market Size and Forecast (US$ Bn), By Technology, 2022 – 2032
      • Market Size and Forecast (US$ Bn), By End User, 2022 – 2032
      • Market Size and Forecast (US$ Bn), By Country, 2022 – 2032
        • Brazil
        • Mexico
        • Rest of Latin America
    • Middle East & Africa
      • Market Size and Forecast (US$ Bn), By Products, 2022 – 2032
      • Market Size and Forecast (US$ Bn), By Technology, 2022 – 2032
      • Market Size and Forecast (US$ Bn), By End User, 2022 – 2032
      • Market Size and Forecast (US$ Bn), By Country, 2022 – 2032
        • GCC
        • Israel
        • South Africa
        • Rest of Middle East
  9. Competitive Landscape
    • Heat Map Analysis
    • Market Presence and Specificity Analysis
  10. Company Profiles
  • Kognito
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Microsoft Corporation
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • MedRespond
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • eGain Corporation
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • CSS Corporation
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • idAvatars
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Nuance Communications
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • nextIT Corporation
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Verint system
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • True Image Interactive Inc.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Welltok Inc.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  1. The Last Word
    • Future Impact
    • About Us
    • Contact

FAQs

Health Intelligent Virtual Assistant Market is segmented into basis of on product, technology, end user and region.

Increasing adoption of AI in healthcare applications and increasing emphasis on patient engagement activities is expected to drive the market.

Asia Pacific may witness strong growth in the health intelligent virtual assistant market in the coming years as countries such as India and China are able to implement health intelligent virtual assistants in healthcare facilities.

Key players operating in the Health Intelligent Virtual Assistant Market includes Kognito, Microsoft Corporation, MedRespond, eGain Corporation, CSS Corporation, idAvatars, Nuance Communications, nextIT Corporation, Verint systems, True Image Interactive Inc., Welltok Inc.