APAC to Dominate Digital Assistants in Healthcare Market through 2025
Surging number of smartphone
users and increasing use of healthcare applications to drive the growth of
global digital assistants in healthcare market
According to
TechSci Research report, “Global Digital
Assistants in Healthcare Market By Product (Smart
Speakers, Chatbots), By User Interface (Automatic Speech Recognition,
Text-based, Text-to-speech, Others), By Type (Rule-Based v/s Conversational-Based),
By Deployment Mode (On-premise v/s Cloud), By Application (Patient Tracking,
Medical Reference, Diagnostic Guides, Drug Dosage, Medical Calculators, Nursing
Reference, Others), By End User (Hospitals & Clinics, Ambulatory Surgical
Centers, Patients, Others), By Region, Competition, Forecast &
Opportunities, 2025”, global digital assistants in healthcare market is
expected to register an impressive CAGR during the forecast period. Surging demand for quality
healthcare delivery is one of the major factors accounting for the growth of global
digital assistants in healthcare market. Additionally, increasing number of incidences
of chronic disorders across the globe is further expected to bode well for the
growth of global digital assistants in healthcare market through the forecast
period. In addition to this, ongoing continuous developments in digital
technologies is positively influencing the growth of global digital assistants
in healthcare market. Also, major market players are focusing more towards developing
conversational virtual assistant tools along with multi-language support in
healthcare virtual assistant tools, which is making headway for the growth of
global digital assistants in healthcare market across the globe. Along with
this, mounting use of healthcare applications is further anticipated to bolster
the market growth through 2025. Moreover, integration of artificial
intelligence and internet of things along with growing number of mobile phone
users is expected to augment the market growth during the forecast years. Utilization
of modern technology products, predominantly chatbots and smart speakers are
increasing in various end user industries is forecast to aid the growth of
market in the coming years.
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Global digital
assistants in healthcare market can be segmented based on product, user
interface, type, deployment mode, application, user type, company and region.
Considering the user interface, the market is fragmented into automatic speech
recognition, text-based, text-to-speech, others. Among them, the automatic
speech recognition segment dominated the global digital assistants in
healthcare market until 2019 and is further anticipated to maintain its
dominance during the forecast years as well. The dominance is accredited to its
widespread use in smart speakers. In terms of deployment mode, the market is
segregated into on premises and cloud. Out of which, the cloud deployment mode
type segment is expected to witness high CAGR during the next 5 years. This
high growth is due to increase in technological advancements. Moreover, the
companies are shifting to cloud based systems owing to feasibility and data
safety, which is estimated to boost the growth of segment over the coming
years.
Nuance Communications Inc., Microsoft
Corporation, Amazon, Infermedic, Sensly, Inc., eGain Corporation, Kognito
Solutions LLC, Verint Systems Inc., HealthTap Inc., Babylon Healthcare Services
Ltd, CSS Corporation, Medrespond LLC., Floatbot.AI, Kore.AI, Inc., Datalog.AI, True
Image Interactive, Inc., ADA Digital Health, idAvatars, Welltok, Inc., Next IT
Corp
are among others are the leading players operating in global digital assistants
in healthcare market. The leading players are adopting several growth
strategies to enhance the market scenario of digital assistants in healthcare. Other
competitive strategies include mergers & acquisitions to diverse their
product portfolio in order to strengthen their market position.
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“Asia-Pacific
is forecast to dominate the global digital assistants in healthcare market until
2025 on account of rising aging population in the region. Moreover, continuous
technological advancements coupled with growing use of remote monitoring
devices is further boosting the market growth in the region. Also, developing
healthcare infrastructure is further expected to aid the market growth over the
coming years.”, said Mr. Karan Chechi, Research Director with TechSci Research,
a research based global management consulting firm.
“Global Digital Assistants in Healthcare
Market By Product (Smart Speakers, Chatbots), By User Interface (Automatic
Speech Recognition, Text-based, Text-to-speech, Others), By Type (Rule-Based v/s Conversational-Based), By Deployment
Mode (On-premise v/s Cloud), By Application (Patient Tracking, Medical
Reference, Diagnostic Guides, Drug Dosage, Medical Calculators, Nursing
Reference, Others), By End User (Hospitals & Clinics, Ambulatory Surgical
Centers, Patients, Others), By Region, Competition, Forecast &
Opportunities, 2025” has evaluated
the future growth potential of global digital assistants in healthcare market
and provides statistics & information on market size, structure and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges and opportunities in global digital assistants in healthcare market.
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