The global Healthcare Chatbots Market is forecasted to be worth USD 594.8 Million by 2027, according to a current analysis by Emergen Research. The healthcare chatbots market is anticipated to expand exponentially over the forecast period. The growth in the demand for chatbots apps is due to the rise in internet penetration and usage of smart wellbeing devices, and increasing awareness of self-monitoring techniques in diagnosis and treatment. The rising need for virtual health assistance is expected to further drive the market growth.
The study aims to provide a forecast of the growth of the Healthcare Chatbots market by examining the market size, share, demand, trends, and gross revenue of the industry. Further, it provides a competitive analysis and SWOT analysis. The report segments the industry based on product type, application and end-use. It highlights the emerging trends as well as the novel technology that are visible in the market. The research offers a clear look at the trends observed in the market, the contributing factors, major stakeholders, key companies and prime areas that exhibit a potential for growth.
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Key Highlights From The Report
In February 2017, in a cash-and-stock deal valued at around USD 36.0 million, Nuance Communications had acquired Noida-based mobile value-added services company mCarbon Tech Innovations. This is a tailored deal for Nuance that will further extend its current Value-Added Services and subscription business services portfolio, which is currently distributed throughout Latin America, Northern America, Europe, and Australia, and boost the carriers’ services in India, Africa, and Southeast Asia.
During the forecast timeframe, the software segment is expected to dominate the market with a CAGR of 20.5%. The growth of diverse applications for patients and health care providers is expected to fuel segmental growth.
Over the forecasted period, the healthcare provider segment accounted for the largest market with a CAGR of 20.5%. Significant medical records, such as patient information, hospital inventory, billing records, and patient medical records, are managed by healthcare facilities. Increasing patient flows in hospitals and clinics will create tremendous demand for healthcare chatbot applications by offering interactive assistance for healthcare facility operations.
It is expected that North America will have the largest market over the forecasted period. Insurance providers such as Medicaid and Medicare are decreasing the operating expenses of procedures that lead to inflows from clinics and ambulatory surgical services.
Key participants include HealthTap, Inc., Woebot Labs, Inbenta Technologies Inc., Infermedica Sp. Z o.o, Ada Health GmbH, Nuance Communications, Inc., Synthetix Ltd., PACT Care BV, Baidu, Inc., and Next IT Corporation, among others.
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Regional scope- North America; Europe; Asia Pacific; Central & South America; MEA
Deployment Outlook (Revenue, USD Million; 2017-2027)
Cloud-based
On-premise
Component Outlook (Revenue, USD Million; 2017-2027)
Services
Software
Application Outlook (Revenue, USD Million; 2017-2027)
Appointment Scheduling & Medical Guidance
Symptom checking & Medication Assistance
End-User Outlook (Revenue, USD Million; 2017-2027)
Healthcare Providers
Patients
Insurance Companies
Others
Key questions answered in the report
What will be the market size in terms of value and volume in the next five years?
Which segment is currently leading the market?
In which region will the market find its highest growth?
Which players will take the lead in the market?
What are the key drivers and restraints of the market’s growth?
Research Methodology
Data triangulation and market breakdown
Research assumptions Research data including primary and secondary data
Primary data includes breakdown of primaries and key industry insights
Secondary data includes key data from secondary sources
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The global market landscape of Healthcare Chatbots (SIGINT) is expected to remain in a very competitive and highly fragmented landscape consisting of a number of both the small start-ups, medium enterprises, and large conglomerates. During the projected era, increasing demand for technological development and higher diversification in offered products ensure the enormous potential for the innovative players.
Report Objectives
Examine the size of the global Healthcare Chatbots market based on the parameters of value and volume.
Accurately calculate the market shares, consumption, and other essential aspects of different segments of the global Healthcare Chatbots market.
Explore the underlying dynamics of the global Healthcare Chatbots market.
Highlight significant trends of the global Healthcare Chatbots market based on factors including, production, revenue, and sales.
Extensively profile top players of the global Healthcare Chatbots market and showing how they compete in the industry.
Study manufacturing processes and the costs, product pricing, and various trends associated with them.
Analyze the performance of different regions and countries in the global Healthcare Chatbots market.
Forecast the market size and share of all segments and regions in the global landscape.
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Table of Content
Chapter 1. Methodology & Sources
1.1. Healthcare Chatbots Market Definition
1.2. Healthcare Chatbots Market Research Scope
1.3. Healthcare Chatbots Market Methodology
1.4. Healthcare Chatbots Market Research Sources
1.4.1. Primary
1.4.2. Secondary
1.4.3. Paid Sources
1.5. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2019-2027
Chapter 3. Healthcare Chatbots Market Key Insights
Chapter 4. Healthcare Chatbots Market Segmentation & Impact Analysis
Chapter 5. Healthcare Chatbots Market By Technology Insights & Trends, Revenue (USD Billion) (Million MT)
Chapter 6. Healthcare Chatbots Market By End-Use Verticals Insights & Trends Revenue (USD Billion) (Million MT)
Chapter 7. Healthcare Chatbots Market Regional Outlook
Continued…
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