North America Healthcare Virtual Assistants Market to Grow at a CAGR of 33.4% to reach US$ 2,008.8 million from 2021 to 2028

    North America Healthcare Virtual Assistants Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Component (Speech Recognition, Text-to-Speech, and Voice Recognition) and End User (Providers, Payers, and Others)

    Publication Month: May 2022 | Report Code: TIPRE00029043 | No. of Pages: 72 | Category: Healthcare IT | Status: Published

    The North America healthcare virtual assistants market is expected to reach US$ 2,008.8 million by 2028 from US$ 266.7 million in 2021. The market is estimated to grow at a CAGR of 33.4% from 2021 to 2028.

    Chronic diseases, such as heart disease, diabetes, stroke, and obesity, are the leading causes of death across the region, and these diseases account for the largest share of the country's health care cost. According to CDC, in 2018, ~9% of the total population had diabetes, and it is the major cause of lower-limb amputation and kidney failure in the US. Further, the report also suggests that more than 1.5 million American population are diagnosed with diabetes in the US every year.

    According to the American College of Cardiology Foundation, in 2018, CHD was the major cause of death due to cardiovascular disease (CVD), followed by stroke, high BP, heart failure, and other CVDs, with a contribution share of 16.8%, 9.4%, 9.0%, and 17.9% respectively. By 2035, nearly 130 million adults in the US are feared to have CVD. Thus, the rising geriatric population and related chronic disorders are expected to push the sales of healthcare virtual assistants devices, thus propelling the growth of the North America healthcare virtual assistants devices market during the forecast period.

    With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the healthcare virtual assistants market at a promising CAGR during the forecast period.


    North America Healthcare Virtual Assistants Market Revenue and Forecast to 2028 (US$ Million)

    North America Healthcare Virtual Assistants Market Revenue and Forecast to 2028 (US$ Million)

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    The North America healthcare virtual assistants market is segmented into component and end user. Based on component, the market is segmented into speech recognition, text-to-speech, and voice recognition. Based on end user, the market is segmented into providers, payers, and others. Geographically, the market is segmented into the US, Canada, and Mexico.

    1. Introduction

    1.1 Scope of the Study

    1.2 The Insight Partners Research Report Guidance

    1.3 Market Segmentation

    1.3.1 North America Healthcare Virtual Assistants Market – By Component

    1.3.2 North America Healthcare Virtual Assistants Market – By End User

    1.3.3 North America Healthcare Virtual Assistants Market – By Country

    2. Healthcare Virtual Assistants Market – Key Takeaways

    3. Research Methodology

    3.1 Coverage

    3.2 Secondary Research

    3.3 Primary Research

    4. North America Healthcare Virtual Assistants Market Market Landscape

    4.1 Overview

    4.2 PEST Analysis

    4.2.1 North America – PEST Analysis

    4.3 Expert Opinions

    5. Healthcare Virtual Assistants Market – Key Market Dynamics

    5.1 Market Drivers

    5.1.1 Growing Prevalence of Chronic Diseases

    5.1.2 Rising Awareness Regarding Healthcare

    5.1.3 Increase in Social Networking and Smart Phone Users

    5.2 Market Restraints

    5.2.1 Security and Privacy Issues

    5.2.2 Unaddressed Regulatory Concerns

    5.3 Market Opportunity

    5.3.1 Expansion of Healthcare Facilities in Remote Locations

    5.4 Future Trend

    5.4.1 Healthcare Virtual Assistants to Replace Patients’ Routine Visits

    5.5 Impact Analysis

    6. Healthcare Virtual Assistants Market – North America Analysis

    6.1 North America Healthcare Virtual Assistants Market Revenue Forecast and Analysis

    7. Healthcare Virtual Assistants Market Analysis – By Component

    7.1 Overview

    7.2 Healthcare Virtual Assistants Market Revenue Share, by Component (2020 and 2028)

    7.3 Speech Recognition

    7.3.1 Overview

    7.3.2 Speech Recognition: Healthcare Virtual Assistants Market – Revenue and Forecast to 2028 (US$ Million)

    7.4 Text-to-Speech

    7.4.1 Overview

    7.4.2 Text-to-Speech: Healthcare Virtual Assistants Market – Revenue and Forecast to 2028 (US$ Million)

    7.5 Voice Recognition

    7.5.1 Overview

    7.5.2 Voice Recognition: Healthcare Virtual Assistants Market – Revenue and Forecast to 2028 (US$ Million)

    8. Healthcare Virtual Assistants Market – By End User

    8.1 Overview

    8.2 Healthcare Virtual Assistants Market, by End User, 2020 and 2028 (%)

    8.3 Providers

    8.3.1 Overview

    8.3.2 Providers: Healthcare Virtual Assistants Market – Revenue and Forecast to 2028 (US$ Million)

    8.4 Payers

    8.4.1 Overview

    8.4.2 Payers: Healthcare Virtual Assistants Market – Revenue and Forecast to 2028 (US$ Million)

    8.5 Others

    8.5.1 Overview

    8.5.2 Others: Healthcare Virtual Assistants Market – Revenue and Forecast to 2028 (US$ Million)

    9. Healthcare Virtual Assistants Market – Geographical Analysis

    9.1 North America Healthcare Virtual Assistants Market, Revenue and Forecast to 2028

    9.1.1 Overview

    9.1.2 North America Healthcare Virtual Assistants Market, Revenue and Forecast to 2028, By Component (US$ Mn)

    9.1.3 North America Healthcare Virtual Assistants Market, Revenue and Forecast to 2028, By End User (US$ Mn)

    9.1.4 North America Healthcare Virtual Assistants Market Share, By Country (%), 2021 & 2028

    9.1.4.1 U.S.

    9.1.4.1.1 US Healthcare Virtual Assistants Market, Revenue and Forecast to 2028 (US$ Mn)

    9.1.4.1.2 US Healthcare Virtual Assistants Market, Revenue and Forecast to 2028, By Component (US$ Mn)

    9.1.4.1.3 US Healthcare virtual assistants Market, Revenue and Forecast to 2028, By End User (US$ Mn)

    9.1.4.2 Canada

    9.1.4.2.1 Canada Healthcare Virtual Assistants Market, Revenue and Forecast to 2028 (US$ Mn)

    9.1.4.2.2 Canada Healthcare Virtual Assistants Market, Revenue and Forecast to 2028, By Component (US$ Mn)

    9.1.4.2.3 Canada Healthcare Virtual Assistants Market, Revenue and Forecast to 2028, By End User (US$ Mn)

    9.1.4.3 Mexico

    9.1.4.3.1 Mexico Healthcare Virtual Assistants Market, Revenue and Forecast to 2028 (US$ Mn)

    9.1.4.3.2 Mexico Healthcare Virtual Assistants Market, Revenue and Forecast to 2028, By Component (US$ Mn)

    9.1.4.3.3 Mexico Healthcare Virtual Assistants Market, Revenue and Forecast to 2028, By End User (US$ Mn)

    10. Healthcare Virtual Assistants Market–Industry Landscape

    10.1 Overview

    10.2 Growth Strategies Done by the Companies in the Market, (%)

    10.3 Organic Developments

    10.3.1 Overview

    10.4 Inorganic Developments

    10.4.1 Overview

    11. Company Profiles

    11.1 Nuance Communications, Inc.

    11.1.1 Key Facts

    11.1.2 Business Description

    11.1.3 Products and Services

    11.1.4 Financial Overview

    11.1.5 SWOT Analysis

    11.1.6 Key Developments

    11.2 Amazon.com, Inc.

    11.2.1 Key Facts

    11.2.2 Business Description

    11.2.3 Products and Services

    11.2.4 Financial Overview

    11.2.5 SWOT Analysis

    11.2.6 Key Developments

    11.3 Verint Systems, Inc.

    11.3.1 Key Facts

    11.3.2 Business Description

    11.3.3 Products and Services

    11.3.4 Financial Overview

    11.3.5 SWOT Analysis

    11.3.6 Key Developments

    11.4 Microsoft Corporation

    11.4.1 Key Facts

    11.4.2 Business Description

    11.4.3 Products and Services

    11.4.4 Financial Overview

    11.4.5 SWOT Analysis

    11.4.6 Key Developments

    11.5 EGAIN CORPORATION

    11.5.1 Key Facts

    11.5.2 Business Description

    11.5.3 Products and Services

    11.5.4 Financial Overview

    11.5.5 SWOT Analysis

    11.5.6 Key Developments

    11.6 Infermedica

    11.6.1 Key Facts

    11.6.2 Business Description

    11.6.3 Products and Services

    11.6.4 Financial Overview

    11.6.5 SWOT Analysis

    11.6.6 Key Developments

    11.7 CSS Corp

    11.7.1 Key Facts

    11.7.2 Business Description

    11.7.3 Products and Services

    11.7.4 Financial Overview

    11.7.5 SWOT Analysis

    11.7.6 Key Developments

    11.8 Kognito

    11.8.1 Key Facts

    11.8.2 Business Description

    11.8.3 Products and Services

    11.8.4 Financial Overview

    11.8.5 SWOT Analysis

    11.8.6 Key Developments

    11.9 Babylon

    11.9.1 Key Facts

    11.9.2 Business Description

    11.9.3 Products and Services

    11.9.4 Financial Overview

    11.9.5 SWOT Analysis

    11.9.6 Key Developments

    11.10 True Image Interactive Inc.

    11.10.1 Key Facts

    11.10.2 Business Description

    11.10.3 Products and Services

    11.10.4 Financial Overview

    11.10.5 SWOT Analysis

    11.10.6 Key Developments

    12. Appendix

    12.1 About the Insight Partners

    12.2 Glossary of Terms


    LIST OF TABLES

    Table 1. North America Healthcare Virtual Assistants Market, Revenue and Forecast to 2028 (US$ Mn)

    Table 2. North America Healthcare Virtual Assistants Market, by Country – Revenue and Forecast to 2028 (USD Million)

    Table 3. North America Healthcare Virtual Assistants Market, by Component – Revenue and Forecast to 2028 (USD Million)

    Table 4. North America Healthcare Virtual Assistants Market, by End User – Revenue and Forecast to 2028 (USD Million)

    Table 5. U.S. Healthcare Virtual Assistants Market, by Component – Revenue and Forecast to 2028 (USD Million)

    Table 6. U.S. Healthcare Virtual Assistants Market, by End User – Revenue and Forecast to 2028 (USD Million)

    Table 7. Canada Healthcare Virtual Assistants Market, by Component – Revenue and Forecast to 2028 (USD Million)

    Table 8. Canada Healthcare Virtual Assistants Market, by End User – Revenue and Forecast to 2028 (USD Million)

    Table 9. Mexico Healthcare Virtual Assistants Market, by Component – Revenue and Forecast to 2028 (USD Million)

    Table 10. Mexico Healthcare Virtual Assistants Market, by End User – Revenue and Forecast to 2028 (USD Million)

    Table 11. Organic Developments Done by Companies

    Table 12. Inorganic Developments Done by Companies

    Table 13. Glossary of Terms, Healthcare Virtual Assistants Market


    LIST OF FIGURES

    Figure 1. Healthcare Virtual Assistants Market Segmentation

    Figure 2. Healthcare Virtual Assistants Market Overview

    Figure 3. Speech Recognition Held Largest Share by Component of Healthcare Virtual Assistants Market

    Figure 4. US to Show Significant Growth During Forecast Period

    Figure 5. North America Healthcare virtual assistants Market, Industry Landscape

    Figure 6. North America PEST Analysis

    Figure 7. Healthcare virtual assistants Market Impact Analysis of Driver and Restraints

    Figure 8. North America Healthcare Virtual Assistants Market – Revenue Forecast and Analysis – 2020- 2028

    Figure 9. Healthcare Virtual Assistants Market Revenue Share, by Component (2020 and 2028)

    Figure 10. Speech Recognition: Healthcare Virtual Assistants Market – Revenue and Forecast to 2028 (US$ Million)

    Figure 11. Text-to-Speech: Healthcare Virtual Assistants Market – Revenue and Forecast to 2028 (US$ Million)

    Figure 12. Voice Recognition: Healthcare Virtual Assistants Market – Revenue and Forecast to 2028 (US$ Million)

    Figure 13. Healthcare Virtual Assistants Market, by End User, 2020 and 2028 (%)

    Figure 14. Providers: Healthcare Virtual Assistants Market – Revenue and Forecast to 2028 (US$ Million)

    Figure 15. Payers: Healthcare Virtual Assistants Market – Revenue and Forecast to 2028 (US$ Million)

    Figure 16. Others: Healthcare Virtual Assistants Market – Revenue and Forecast to 2028 (US$ Million)

    Figure 17. North America Healthcare Virtual Assistants Market Overview, By Country — 2021 (US$ Mn)

    Figure 18. North America Healthcare Virtual Assistants Market, Revenue and Forecast to 2028 (US$ Mn)

    Figure 19. North America: Healthcare Virtual Assistants Market Share, By Country (%), 2021 & 2028

    Figure 20. US Healthcare Virtual Assistants Market, Revenue and Forecast to 2028 (US$ Mn)

    Figure 21. Canada Healthcare Virtual Assistants Market, Revenue and Forecast to 2028 (US$ Mn)

    Figure 22. Mexico Healthcare Virtual Assistants Market, Revenue and Forecast to 2028 (US$ Mn)

    Figure 23. Growth Strategies Done by the Companies in the Market, (%)

    1. Nuance Communications, Inc.
    2. Amazon.com, Inc.
    3. Verient Systems, Inc,
    4. Microsoft Corporation
    5. EGAIN CORPORATION
    6. Infermedica
    7. CSS Corp
    8. Kognito
    9. Babylon
    10. True Image Interactive Inc.         
    • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the North America healthcare virtual assistants market.
    • Highlights key business priorities in order to assist companies to realign their business strategies.
    • The key findings and recommendations highlight crucial progressive industry trends in the North America healthcare virtual assistants market, thereby allowing players across the value chain to develop effective long-term strategies.
    • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
    • Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
    • Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing and distribution.
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