North America Healthcare Virtual Assistants Market

Historic Data: 2019-2020   |   Base Year: 2021   |   Forecast Period: 2022-2028

Analysis By Component (Speech Recognition, Text-to-Speech, and Voice Recognition) and End User (Providers, Payers, and Others)


No. of Pages: 72    |    Report Code: TIPRE00029043    |    Category: Technology, Media and Telecommunications

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North America Healthcare Virtual Assistants Market

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)

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.            


North America Healthcare Virtual Assistants Strategic Insights

Strategic insights for the North America Healthcare Virtual Assistants provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

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North America Healthcare Virtual Assistants Report Scope

Report Attribute Details
Market size in 2021 US$ 266.7 Million
Market Size by 2028 US$ 2,008.8 Million
Global CAGR (2021 - 2028) 33.4%
Historical Data 2019-2020
Forecast period 2022-2028
Segments Covered By Component
  • Speech Recognition
  • Text-to-Speech
  • Voice Recognition
By End User
  • Providers
  • Payers
Regions and Countries Covered North America
  • US
  • Canada
  • Mexico
Market leaders and key company profiles
  • Nuance Communications, Inc.
  • Amazon.com, Inc.
  • Verient Systems, Inc,
  • Microsoft Corporation
  • EGAIN CORPORATION
  • Infermedica
  • CSS Corp
  • Kognito
  • Babylon
  • True Image Interactive Inc.
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    North America Healthcare Virtual Assistants Regional Insights

    The geographic scope of the North America Healthcare Virtual Assistants refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.

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    The List of Companies - North America Healthcare Virtual Assistants 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.         
    Frequently Asked Questions
    How big is the North America Healthcare Virtual Assistants Market?

    The North America Healthcare Virtual Assistants Market is valued at US$ 266.7 Million in 2021, it is projected to reach US$ 2,008.8 Million by 2028.

    What is the CAGR for North America Healthcare Virtual Assistants Market by (2021 - 2028)?

    As per our report North America Healthcare Virtual Assistants Market, the market size is valued at US$ 266.7 Million in 2021, projecting it to reach US$ 2,008.8 Million by 2028. This translates to a CAGR of approximately 33.4% during the forecast period.

    What segments are covered in this report?

    The North America Healthcare Virtual Assistants Market report typically cover these key segments-

    • Component (Speech Recognition, Text-to-Speech, Voice Recognition)
    • End User (Providers, Payers)

    What is the historic period, base year, and forecast period taken for North America Healthcare Virtual Assistants Market?

    The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the North America Healthcare Virtual Assistants Market report:

  • Historic Period : 2019-2020
  • Base Year : 2021
  • Forecast Period : 2022-2028
  • Who are the major players in North America Healthcare Virtual Assistants Market?

    The North America Healthcare Virtual Assistants Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:

  • Nuance Communications, Inc.
  • Amazon.com, Inc.
  • Verient Systems, Inc,
  • Microsoft Corporation
  • EGAIN CORPORATION
  • Infermedica
  • CSS Corp
  • Kognito
  • Babylon
  • True Image Interactive Inc.
  • Who should buy this report?

    The North America Healthcare Virtual Assistants Market report is valuable for diverse stakeholders, including:

    • Investors: Provides insights for investment decisions pertaining to market growth, companies, or industry insights. Helps assess market attractiveness and potential returns.
    • Industry Players: Offers competitive intelligence, market sizing, and trend analysis to inform strategic planning, product development, and sales strategies.
    • Suppliers and Manufacturers: Helps understand market demand for components, materials, and services related to concerned industry.
    • Researchers and Consultants: Provides data and analysis for academic research, consulting projects, and market studies.
    • Financial Institutions: Helps assess risks and opportunities associated with financing or investing in the concerned market.

    Essentially, anyone involved in or considering involvement in the North America Healthcare Virtual Assistants Market value chain can benefit from the information contained in a comprehensive market report.