Global Healthcare Chatbots Market Forecast to 2027
The Healthcare Chatbots Market study also takes a close look at the major rivals in the market, their growth strategies, and their plans for future expansion. Entrepreneurs are especially urged by the archive to hunt for information about and directions to potential clients. Entrepreneurs can learn about their local market and locate potential clients thanks to the review, which only features the best sellers.
A recent report by Emergen Research projects that the global market for healthcare chatbots would be valued USD 594.8 million by 2027. Over the projected period, the market for healthcare chatbots is expected to grow rapidly. Due to increased internet usage, more reliance on smart wellness gadgets, and growing acceptance of self-monitoring approaches for diagnosis and treatment, there is an increase in the demand for healthcare chatbot apps. The market expansion is anticipated to be further fueled by the growing demand for virtual health aid.
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Competitive Terrain:
The global Healthcare Chatbots industry is highly consolidated owing to the presence of renowned companies operating across several international and local segments of the market. These players dominate the industry in terms of their strong geographical reach and a large number of production facilities. The companies are intensely competitive against one another and excel in their individual technological capabilities, as well as product development, innovation, and product pricing strategies.
The leading market contenders listed in the report are:
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., Next IT Corporation
Research Report on the Healthcare Chatbots Market Addresses the Following Key Questions:
- Who are the dominant players of the Healthcare Chatbots market?
- Which regional market is anticipated to have a high growth rate over the projected period?
- What consumer trends and demands are expected to influence the operations of the market players in the Healthcare Chatbots market?
- What are the key growth drivers and restraining factors of the Healthcare Chatbots market?
- What are the expansion plans and strategic investment plans undertaken by the players to gain a robust footing in the market?
- What is the overall impact of the COVID-19 pandemic on the Healthcare Chatbots market and its key segments?
Market Overview:
The report bifurcates the Healthcare Chatbots market on the basis of different product types, applications, end-user industries, and key regions of the world where the market has already established its presence. The report accurately offers insights into the supply-demand ratio and production and consumption volume of each segment.
Segments Covered in this report are:
- 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
Regional Landscape section of the Healthcare Chatbots report offers deeper insights into the regulatory framework, current and emerging market trends, production and consumption patterns, supply and demand dynamics, import/export, and presence of major players in each region.
The various regions analyzed in the report include:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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Some 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.
The section on the competitive landscape offers valuable and actionable insights related to the business sphere of the Healthcare Chatbots market, covering extensive profiling of the key market players. The report offers information about market share, product portfolio, pricing analysis, and strategic alliances such as mergers and acquisitions, joint ventures, collaborations, partnerships, product launches and brand promotions, among others. The report also discusses the initiatives taken by the key companies to combat the impact of the COVID-19 pandemic.
Key Points of the Geographical Analysis:
- Data and information related to the consumption rate in each region
- Estimated increase in the consumption rate
- Proposed growth of the market share of each region
- Geographical contribution to market revenue
- Expected growth rate of the regional markets
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