The health intelligent virtual assistant market share is poised to observe remarkable traction in the coming years, driven by the surging popularity of IoT owing to the development of numerous technologies.

The market growth is impelled by the escalating year on year investments in the field of IoT healthcare. To cite an instance, in the Q2 of 2020, IoT startups claimed an overall investment of USD 1.2 billion. The industry expansion is further propelled by an increase in product development initiatives, that is set to enhance product penetration across different regions.

To access a sample copy or view the market report in detail along with the table of contents, please click the link below: https://www.gminsights.com/request-sample/detail/1823

Citing another instance, in May 2021, the UPMC (University of Pittsburgh Medical Center) Health Plan has rolled out a virtual tool for assisting members who have questions regarding coverage, benefits, access to care, and services. Available 24/7 to members, the tool offers voice assistant responses to the questions of users and provides links through text messages if more assistance is required.

Driven by such advancements, the health intelligent virtual assistant market size is estimated to exceed a valuation of USD 3.6 billion through 2027, as stated by the latest research by Global Market Insights, Inc.

Few key trends that are likely to influence health intelligent virtual assistant market forecast are as follows:

Rising adoption of smartphones in the Asia Pacific

Asia Pacific health intelligent virtual assistant industry is anticipated to record a revenue of USD 837.0 million through 2027. The regional growth is driven by the surging adoption of smartphones. For instance, according to estimates, nearly 1 billion people in the Asia Pacific have a smartphone.

The industry growth is further touted to be propelled by the extensive usage of technologies and favorable government initiatives in the healthcare system. The increasing prevalence of lifestyle disorders and the escalating per-capita income create a requirement for technologically advanced platforms, boosting market outlook in the region.

Increasing deployment by payers

The payers segment held more than 40% of the industry share in 2020 and is estimated to record considerable growth through the estimated period. This growth can be attributed to the surging usage of health intelligent virtual assistant devices in clinics, hospitals, ambulatory surgical centers, and others.

The increasing usage of healthcare assistance by healthcare workers for their administrative tasks and medical documentation is further set to increase the penetration of virtual assistant websites through the forthcoming years.

Escalating requirement for voice recognition

The voice recognition segment captured a market revenue of more than USD 36.7 million in 2020 and will register appreciable growth through the forecast period. Voice recognition technology is transforming the analysis and diagnosis of patient’s linguistic and paralinguistic contexts.

The technology can track the patient’s neurogenerative disorders, speech disorders, mental disorders, and developmental progress. The analysis of subtle differences in pronunciation is the most significant benefit offered by voice recognition.

On the whole, the soaring demand for voice recognition devices will bolster health intelligent virtual assistant market size through the assessment span.

Partial Table of Contents (ToC) of the report:

Chapter 4   Health Intelligent Virtual Assistant Market, By Technology

4.1    Key segment trends

4.2    Speech recognition

4.2.1    Market size, by region, 2016 – 2027 (USD Million)

4.3    Text-to-speech

4.3.1    Market size, by region, 2016 – 2027 (USD Million)

4.4    Voice recognition

4.4.1    Market size, by region, 2016 – 2027 (USD Million)

Chapter 5   Health Intelligent Virtual Assistant Market, By End-use

5.1    Key segment trends

5.2    Payers

5.2.1    Market size, 2016 - 2027 (USD Million)

5.3    Providers

5.3.1    Market size, 2016 - 2027 (USD Million)

5.4    Others

5.4.1    Market size, 2016 - 2027 (USD Million)

Browse complete table of content of this report @ https://www.gminsights.com/toc/detail/health-intelligent-virtual-assistant-market

About Global Market Insights

Global Market Insights Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us:

Aashit Tiwari

Corporate Sales, USA

Global Market Insights Inc.

Toll Free: +1-888-689-0688

USA: +1-302-846-7766

Europe: +44-742-759-8484

APAC: +65-3129-7718

Email: sales@gminsights.com