How is the Healthcare Visual Assistants Market Poised for Growth: Trends and Opportunities Through 2034
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What key factors are powering the surge in the Healthcare Visual Assistants market right now?
In recent times, the market size for healthcare visual assistants has seen exponential growth. The market is predicted to expand from $1.56 billion in 2024 to $2.21 billion in 2025, indicating a compound annual growth rate (CAGR) of 41.8%. This significant growth in the historical phase can be linked to the surge in internet connectivity, wider use of smartphones, amplified demand in the healthcare sector, and escalated use of mobile applications.
How fast Is the healthcare visual assistants market expected to grow, and what’s its future value?
The market size for healthcare visual assistants is predicted to undergo exponential growth in the upcoming years, expanding to $8.82 billion by 2029 at a compound annual growth rate (CAGR) of 41.3%. Factors contributing to this growth during the forecast period include an increased prevalence of chronic illnesses, a rising demand for teleconsultations, a heightened focus on patient involvement, and an escalating burden of lifestyle diseases. Some of the prominent trends expected during the forecast period are technological advancements, innovative product developments, partnerships and heavy investments in healthcare.
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What are the leading drivers of growth in the healthcare visual assistants market?
The anticipated rise in telehealth services is set to fuel the expansion of the healthcare virtual assistant market. When referring to telehealth services, we mean the delivery of health-linked services and information through digital communications technology to perform functions like patient care, advice, reminders, education, intervention, monitoring, and remote admissions. Healthcare virtual assistants significantly improve telehealth services as they deliver secure, around-the-clock patient support across digital platforms, assisting in scheduling appointments, checking symptoms, reminding about medication, and offering personalized health advice, which greatly enhances accessibility and efficiency within healthcare delivery systems. For example, results from a survey by the Health Information National Trends Survey (HINTS), a government agency based in the US, showed that in 2022, close to 40% of adults in the US had made use of telehealth services, although there were still considerable obstacles to access. As such, the surge in telehealth services is guiding the expansion of the healthcare virtual assistant market.
What are the key segments defining the healthcare visual assistants market?
The healthcare visual assistants market covered in this report is segmented –
1) By Product: Chatbots, Smart Speakers
2) By Technology: Automatic Speech Recognition (ASR) And Speech Recognition, Text Based, Text-To-Speech
3) By End User: Providers, Payers, Other End Users
Subsegments:
1) By Chatbots: Rule-Based Chatbots, AI-Driven Chatbots, Voice-Enabled Chatbots, Patient Engagement Chatbots
2) By Smart Speakers: Voice-Activated Smart Speakers, Health-Focused Smart Speakers, Smart Speakers With Display Screens, Multi-Functional Smart Speakers
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Who are the key players steering the development of the healthcare visual assistants market?
Major companies operating in the healthcare visual assistants market report are Amazon.com Inc., Alphabet Inc., Microsoft Corporation, Epic Systems Corporation, Babylon Holdings Limited, Amelia LLC, Medical Information Technology Inc., Lyra Health Inc., Omada Health Inc., Ada Health GmbH, Talkspace, Headspace Inc., eGain Corporation, TytoCare Ltd., Viz.ai Inc., K Health Inc., Haptik Technologies Limited, Akili Inc., Woebot Health, Your.MD Ltd., NOHOLD Inc., Sanvello Health, Oxygen Group of Companies, ScribeEMR Systems Private Limited, Tucuvi Care S.L.
What emerging trends are influencing the growth of the healthcare visual assistants market?
Key players in the healthcare visual assistants market are prioritizing the creation of innovative products with cutting-edge technology, such as AI-powered omnichannel conversational virtual assistants, to increase their market profitability. These AI-powered omnichannel conversational healthcare virtual assistants are digital tools that offer personalized, automated assistance to patients across various communication platforms, leveraging artificial intelligence technology. For example, in April 2023, TeleVox, a healthcare technology company based in the U.S., introduced Iris. Iris is an AI-enabled virtual assistant that can engage in natural language conversations with patients. Iris stands out from basic chatbots that only rely on restricted content and pre-set responses by using advanced AI abilities such as large-scale generative models from Microsoft Azure OpenAI Service. This empowers Iris to comprehend a broad spectrum of patient inquiries and give prompt and pertinent replies.
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Which regions are most influential in expanding the healthcare visual assistants market?
North America was the largest region in the healthcare virtual assistant market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the healthcare visual assistants market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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