Health Intelligent Virtual Assistant Market Worth $2.96 Billion By 2025

The global health intelligent virtual assistant market size was estimated at USD 186.3 million in 2017. It is likely to witness a CAGR of 39.1% during the forecast period.

Posted on 2019-08-27 by researchinsights in Marketing, Media, Technology // 0 Comments

San Francisco, United States, 2019-Aug-27 — /EPR Network/ —

The global health intelligent virtual assistants market size is projected to reach USD 2.95 billion by 2025, according to a new report by Grand View Research, Inc., exhibiting a CAGR of 39.1% during the forecast period. With evolution of IoT and increasing focus on patient engagement, the market is anticipated to tread along a healthy growth track. Increasing adoption of IoT and rising integration of AI in the healthcare industry is expected to boost the growth of the market during the forecast period.

Intelligent virtual assistants, owing to their ability to listen to consumers’ inquiries and respond accordingly, are rendering daily tasks more convenient. For instance, virtual assistants help users with assistance to purchase a product or services and reduce wait times over a call for customer service. Moreover, capabilities of a virtual assistant can be tailored to several industries, thereby improving customer experience in that particular industry.

For instance, in the healthcare and insurance sector, an IVA can potentially eliminate the waiting period for a customer in queue or searching website for queries. With the help of virtual assistants, customers can find out a doctor’s office, fill and refill a prescription, and receive payment reminders. Moreover, customers can ask an IVA for the process to enroll in a new or different insurance program or provide an update on their coverage.

Technological development in the past few years in the field of NLP, conversation interface, automation, AI, and deep and machine learning processes are enabling health intelligent virtual assistants to become more efficient and useful. Application of these technologies is made available in the form of virtual assistants by leading firms such as Amazon, Apple, and Google. Products offered by such companies operate as intermediaries between customers, enterprise, and their services.

To request a sample copy or view summary of this report, click the link below:
https://www.grandviewresearch.com/industry-analysis/health-intelligent-virtual-assistant-market

Further key findings from the report suggest:

The automatic Speech Recognition (ASR) technology segment experienced the fastest growth over the forecast period
Chatbot emerged as the largest segment in 2017. It is estimated to generate revenue of over USD 2.16 billion by 2025
North America was the leading revenue contributor in the global market in 2017. The healthcare industry in the region is booming after the emergence of AI and IoT, which is working in favor of the market
Key players including CodeBaby Corporation; eGain Corporation; MedRespond; Microsoft; Next IT Corporation; Nuance Communications, Inc.; and True Image Interactive Inc. accounted for a sizeable share in the global market in 2017.

Related Report of Next Generation Technologies:

Grand View Research has segmented the global health intelligent virtual assistants market on the basis of product, technology, end user, and region:

Health Intelligent Virtual Assistants Products Outlook (Revenue, USD Million, 2015 – 2025)

Chatbots
Smart Speakers

Health Intelligent Virtual Assistants Technology Outlook (Revenue, USD Million, 2015 – 2025)

Automatic Speech Recognition
Text to Speech
Text based

Health Intelligent Virtual Assistants End-User Outlook (Revenue, USD Million, 2015 – 2025)

Payers
Providers
Others

Health Intelligent Virtual Assistants Regional Outlook (Revenue, USD Million, 2015 – 2025)

North America
- U.S.
- Canada
Europe
- U.K.
- Germany
Asia Pacific
- China
- India
- Japan
Latin America
- Brazil
- Mexico
Middle East & Africa

Access Press Release of This Research Report by Grand View Research:
https://www.grandviewresearch.com/press-release/global-health-intelligent-virtual-assistants-market

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Contact:

Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc.
Phone: 1-415-349-0058
Toll Free: 1-888-202-9519
Email: sales@grandviewresearch.com
For More Info: www.grandviewresearch.com

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