Because they increase the productivity and effectiveness of medical care, healthcare professionals are using virtual assistants in healthcare more and more. Physicians can conduct low-value administrative activities and update electronic health records with the aid of these AI-powered helpers. They can also assist clinicians with patient tracking and follow-up, protocol improvement, and non-clinical direction.
The market for healthcare virtual assistants in North America was estimated to be worth US$ 353.4 million in 2020 and is anticipated to grow to US$ 2,008.8 million by 2028 at a CAGR of 33.6% between 2021 and 2028.
In terms of volume, the U.S. had the leading position in the North American healthcare virtual assistants market in 2020, accounting for 79.4% of the market.
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Saykara, Inc., a startup company working on building a mobile AI assistant capable of automating clinical documentation in healthcare settings, was bought by Nuance Communications, Inc. in February 2021. The strategic purchase will assist the business in growing its clientele and product line.
The market for healthcare virtual assistants in North America is expanding as a result of the rising frequency of chronic diseases. According to the American College of Cardiology Foundation, CHD was the leading cause of mortality from cardiovascular disease (CVD) in 2018. Stroke, high blood pressure, heart failure, and other CVDs contributed 16.8%, 9.4%, 9.0%, and 17.9% of all deaths in 2018, respectively. It is anticipated that over 130 million individuals in the US will have CVD by 2035.
Again, it is projected that the region’s ageing population and rising healthcare investment would promote market expansion. The Centers for Disease Control and Prevention estimate that in 2020, U.S. health care spending increased by 9.7%, hitting $4.1 trillion, or $12,530 per person. To share the nation’s Gross Domestic Product, health spending accounted for 19.7 percent.
The adoption of healthcare virtual assistants is anticipated to be constrained by concerns about security and privacy of sensitive health data gathered by these devices. We anticipate that this will slow market expansion.
Again, it is anticipated that an unresolved regulatory problem related to privacy, security, data ownership, and consent would impede industry expansion.
Consumers’ increasing use of smartphones is anticipated to present new development prospects. Additionally, it is anticipated that the region’s expanding use of IoT healthcare will continue to influence market expansion. For instance, in November 2018, GE Healthcare unveiled new software and smart devices based on the Edison platform, which enables healthcare providers to provide quicker, more accurate treatment by accelerating the development and use of artificial intelligence (AI) technologies.
Over the course of the projection period, the market is anticipated to benefit from the expansion of healthcare facilities in outlying areas. Additionally, the rise of IoT and linked healthcare services in outlying areas will support market expansion.
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Market Trends/Key Takeaways
Automatic speech recognition is becoming more popular as it helps to streamline operations in healthcare facilities. Additionally, increased smart speaker use in the healthcare industry is anticipated to promote market expansion. This gadget increases security worries while lowering expenses and boosting productivity.
A logical outgrowth of the current generation of healthcare IT systems is the emergence of mobile health technology. The desire for effective networks among doctors, hospital employees, and others is also expanding, which is boosting the market for healthcare virtual assistants in North America.
Market Competitive Landscape:
Includes Nuance Communications, Inc.com, True Image Interactive Inc., Verint Systems, Inc., Microsoft Corporation, Kognito, EGAIN CORPORATION, CSS Corp., and Infermedica.
Table of Content
Chapter 1 Industry Overview
1.3 Research Scope
1.4 Market Analysis by Regions
1.5 North America Healthcare Virtual Assistants Market Size Analysis from 2022 to 2028
11.6 COVID-19 Outbreak: North America Healthcare Virtual Assistants Industry Impact
Chapter 2 North America Healthcare Virtual Assistants Competition by Types, Applications, and Top Regions and Countries
2.1 North America Healthcare Virtual Assistants (Volume and Value) by Type
2.3 North America Healthcare Virtual Assistants (Volume and Value) by Regions
Chapter 3 Production Market Analysis
3.1 Production Market Analysis
3.2 Regional Production Market Analysis
Chapter 4 North America Healthcare Virtual Assistants Sales, Consumption, Export, Import by Regions (2017-2022)
Chapter 5 North America Healthcare Virtual Assistants Market Analysis
Chapter 6 Company Profiles and Key Figures in North America Healthcare Virtual Assistants Business
Chapter 7 North America Healthcare Virtual Assistants Market Forecast (2022-2028)
Chapter 8 Conclusions
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