The Healthcare Chatbots by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Healthcare Chatbots, The healthcare chatbots market size has grown exponentially in recent years. It will grow from $0.35 billion in 2023 to $0.45 billion in 2024 at a compound annual growth rate (CAGR) of 25.7%. The growth in the historic period can be attributed to increasing healthcare costs, shortage of healthcare professionals, patient engagement initiatives, rise of telehealth services, demand for immediate healthcare information, regulatory support for digital health.
The healthcare chatbots market size is expected to see exponential growth in the next few years. It will grow to $1.18 billion in 2028 at a compound annual growth rate (CAGR) of 27.7%. The growth in the forecast period can be attributed to integration with electronic health records, expansion of remote patient monitoring, increasing mental health awareness, personalized medicine adoption, cybersecurity measures.. Major trends in the forecast period include integration with health apps and platforms, natural language processing (nlp) advancements, voice-enabled healthcare chatbots, virtual health assistants for remote monitoring, ai-based diagnostic chatbots.
The increasing need for virtual health assistance is expected to boost the growth of healthcare Chatbot market going forward. Virtual health assistance uses digital technologies to provide healthcare services and information to patients remotely. Telemedicine is a form of virtual health assistance that uses communication technologies to connect patients with healthcare providers. The healthcare Chabot integrated with virtual heath assistance helps to access to healthcare services. For instance, in 2021, according to the Centers for Disease Control and Prevention, a US-based public health agency, 37% of adults had used telemedicine in a single year and further office-based physicians usage increased six times to 87 percent in 2021. Therefore, the increasing need for virtual health assistance will drive the healthcare chatbots market forward.
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The Healthcare Chatbots Market Covered In This Report Is Segmented –
1) By Component: Software, Services
2) By Deployment Model: On-Premise Model, Cloud-Based Model
3) By Application: Symptoms Check, Appointment Scheduling And Monitoring, Medical And Drug Information Assistance, Other Applications
4) By End User: Patients, Healthcare Providers, Insurance Companies, Other End Users
Technological developments are a popular trend in the healthcare chatbot market. Major companies operating in the healthcare chatbots sector are focused on developing to sustain their market position. For Instance, in March 2022, Ivy.ai, Inc., a US-based information technology company, Launched Genie, a self-building chatbot technology. It is a uniquely designed highly complex chatbot and live chat platform that builds pre-trained and conversational chatbots which can understand unique content. The software comes with an in-built intuitive setup assistant that allows companies to quickly get started with the software.
The Healthcare Chatbots Market Report Table Of Contents Includes:
1. Executive Summary
2. Market Characteristics
3. Market Trends And Strategies
4. Impact Of COVID-19
5. Market Size And Growth
6. Segmentation
7. Regional And Country Analysis
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27. Competitive Landscape And Company Profiles
- Key Mergers And Acquisitions
- Future Outlook and Potential Analysis
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