The global health intelligent virtual assistant market is significantly growing at a CAGR during the forecast period. The factors such as growing lifestyle-related disorders and growing health consciousness, significant number of smartphone users, increasing the use of healthcare applications are boosting the growth of the health intelligent virtual assistant market during the forecast period. Health intelligent virtual assistant responds to the voice and text queries through mobile devices or health apps that lead to rising patient engagement and enhancing self-management skills for chronic diseases. Hence, the growing chronic diseases burden in the healthcare industry across the globe and further projected the health intelligent virtual assistant industry during the forecast period. Furthermore, the capabilities of a virtual assistant are personalized as per the industries that result in enhancing the customer experience for people in a particular industry. 

Growing adoption of medical virtual assistant in the healthcare sector is expected to grow more participation across the globe and this is another factor fuel the growth of the market during the forecast period. Increasing usage of smartphones is the factor boosting the growth of the market. Mobile healthcare technology is being adopted by people across the globe and with the growing need for cost-cutting in the industry of healthcare; the providers are adopting m-health technologies for health monitoring to save healthcare costs. Moreover, the growing urge towards IoT propels the growth of the market over the forecast period. IoT can be applied from medical device integration to smart sensors and enhance physician’s delivery care.Implementation of IoT in healthcare facilities improved healthcare services and personnel. The factor such as growing popularity for internet-connected devices in the patients shows a positive impact on the growth of the market during the forecast period.  

Segmental outlook 

The global health intelligent virtual assistant market is segmented on the basis of technology, and product. Based on the product, the market is segmented into smart speakers and chatbots. The chatbots segment has a significant growth due to its use in offering assistance to nurses, physicians, and patients at different levels with enables of text and speech. The smart speaker segment has a considerable market share owing to rising use along with the automatic speech recognition technology that is largely used in medical counseling. Based on technology, the market is segmented into speech recognition, voice recognition, and text-to-speech. The text-to-speech segment is expected to have a significant growth rate owing to advancements in technology and increasing the adoption rate. The use of this technology in the market provides different advantages for home healthcare from reading perception labels to offering instructions related to the use of medical devices, therefore fuel the growth of the market during the forecast period. 

Speech Recognition will be the largest segment by Technology

Speech recognition segment is anticipated to hold the largest market share in the market during the forecast period. Owing to a large growth rate is attributable to the benefits of speech recognition such as increasing productivity and reducing the cost. It aids the physicians to maintain all the data and instructions in the electronic health record systematically and easily.

Global Health Intelligent Virtual Assistant Market Share by End-User, 2018 (%)

Regional outlook 

The global health intelligent virtual assistant market is further segmented based on geography including North America, Europe, Asia-Pacific and Rest of the World. North America is expected to show the largest market share in the health intelligent virtual assistant market during the forecast period owing to increasing adoption of smartphone and tablets that result in the reducing usage of mobile-based healthcare services and growing emergence of new advancement in technology that fuels the growth the health intelligence virtual assistant market in the region. Moreover, the rapid adoption of innovative technology advances in telecommunication technology and highly developed infrastructure for using health intelligent virtual assistant propels the growth of the region in the health intelligent virtual assistant market. 

Global Health Intelligent Virtual Assistant market Growth, by Region 2019-2025

Asia-Pacific will augment with the fastest rate in the health market 

Asia-pacific is expected to hold the fastest growth rate in the market over the forecast period due to technological advancement, large penetration of smartphones, growing healthcare costs, rising use of remote monitoring devices and increasing the aging population. Moreover, increasing lifestyle-related disorder and rising health consciousness are the factors fuel the growth of the health intelligent virtual assistant market during the forecast period. 

Market Players Outlook

The key players of health intelligent virtual assistant market include Nuance Communications, Inc., Microsoft Corp, Verint Systems, Inc, CSS Corp., Cisco System, Inc., Amazon.com, Inc., Artificial Solutions Holding Ash AB, Intuition Robotics Ltd., Kognito Solution, LLC, Saykara, Inc., and Suki AI, Inc.

The Report Covers

• Market value data analysis of 2018 and forecast to 2025.
• Annualized market revenues ($ million) for each market segment.
• Country-wise analysis of major geographical regions.
• Key companies operating in the global health intelligent virtual assistant  market. Based on the availability of data, information related to pipeline products, and relevant news is also available in the report.
• Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
• Analysis of market-entry and market expansion strategies.
• Competitive strategies by identifying ‘who-stands-where’ in the market.