Global Health Intelligent Virtual Assistant Market Size study, by Product (Chatbot, Smart Speakers), by Technology (Automatic Speech Recognition, Text to Speech, Text Based), by End-user (Payer, Providers, Others), and Regional Forecasts 2022-2032

Description

Global Health Intelligent Virtual Assistant Market is valued approximately at USD 400.17 million in 2023 and is anticipated to grow with a remarkable growth rate of more than 24.78% over the forecast period 2024-2032. Health Intelligent Virtual Assistant is a digital tool leveraging AI and natural language processing to interact with patients, provide medical information, and assist in managing health conditions. HIVAs offer personalized health advice, schedule appointments, track medication adherence, and answer medical queries. Their applications span telemedicine, chronic disease management, mental health support, and administrative tasks in healthcare settings, enhancing patient engagement, improving access to healthcare services, and streamlining clinical workflows.

The Global Health Intelligent Virtual Assistant Market is driven incidence of growth hormone deficiencies and increase in geriatric population across the world. Growth hormone deficiencies necessitate continuous medical monitoring and management, which HIVAs efficiently provide through personalized care and real-time support. Additionally, the growing elderly population requires frequent medical attention and assistance with daily health management. HIVAs enhance healthcare access and quality for older adults, offering support for medication adherence, chronic disease management, and appointment scheduling, thereby driving market growth. In addition, increasing importance of automation and Automatic Speech Recognition (ASR) technologies in the healthcare sector is further driving the significance of AI-driven MVAs. Moreover, Advancements in products and services are gaining momentum due to the digital transformation within the healthcare sector. Increased proof of concept studies in various healthcare areas and higher adoption rates of virtual assistants is anticipated to create lucrative opportunities for the market. However, lack of skilled professionals is going to impede the overall demand for the market during the forecast period 2024-2032.

The key regions considered for the Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. In 2023, North America dominated the market accounting for the largest revenue share, attributed to the high adoption of IoT and extensive smartphone usage. The shortage of clinicians and the need for a proactive healthcare facility due to the growing population in countries such as the U.S. is expected to drive the regional market. The Asia Pacific region is anticipated to register the highest CAGR during the forecast period, with countries such as China and India actively implementing health intelligent virtual assistants in their healthcare industries. The increasing population and shortage of skilled physicians and therapists in the region fuel the demand for virtual assistants.

Major market players included in this report are:

CSS Corp
CodeBaby, Inc
eGain Corporation
Kognito
Microsoft
MEDRESPOND
Next IT Solutions
Nuance Communications, Inc.
True Image Interactive, Inc.
Virgin Pulse

The detailed segments and sub-segment of the market are explained below:

By Product:

Chatbot
Smart Speakers

By Technology:

Automatic Speech Recognition
Text to Speech
Text Based

By End-user:

Payer
Providers
Others

By Region:

North America:

U.S.
Canada

Europe:

UK
Germany
France
Spain
Italy
ROE

Asia Pacific:

China
India
Japan
Australia
South Korea
RoAPAC

Latin America:

Brazil
Mexico
RoLA

Middle East & Africa:

Saudi Arabia
South Africa
RoMEA

Years considered for the study are as follows:

Historical year - 2022
Base year - 2023
Forecast period - 2024 to 2032

Key Takeaways:

Market Estimates & Forecast for 10 years from 2022 to 2032.
Annualized revenues and regional level analysis for each market segment.
Detailed analysis of geographical landscape with country-level analysis of major regions.
Competitive landscape with information on major players in the market.
Analysis of key business strategies and recommendations on future market approach.
Analysis of the competitive structure of the market.
Demand side and supply side analysis of the market

Chapter 1. Global Health Intelligent Virtual Assistant Market Executive Summary

1.1. Global Health Intelligent Virtual Assistant Market Size & Forecast (2022-2032)
1.2. Regional Summary
1.3. Segmental Summary
- 1.3.1. By Product
- 1.3.2. By Technology
- 1.3.3. By End-user
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion

Chapter 2. Global Health Intelligent Virtual Assistant Market Definition and Research Assumptions

2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
- 2.3.1. Inclusion & Exclusion
- 2.3.2. Limitations
- 2.3.3. Supply Side Analysis
  - 2.3.3.1. Availability
  - 2.3.3.2. Infrastructure
  - 2.3.3.3. Regulatory Environment
  - 2.3.3.4. Market Competition
  - 2.3.3.5. Economic Viability (Consumer's Perspective)
- 2.3.4. Demand Side Analysis
  - 2.3.4.1. Regulatory frameworks
  - 2.3.4.2. Technological Advancements
  - 2.3.4.3. Environmental Considerations
  - 2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates

Chapter 3. Global Health Intelligent Virtual Assistant Market Dynamics

3.1. Market Drivers
- 3.1.1. Rise in Incidence of Growth Hormone Deficiencies
- 3.1.2. Increase in Geriatric Population
3.2. Market Challenges
- 3.2.1. Lack of Skilled Professionals
3.3. Market Opportunities
- 3.3.1. Expansion into Emerging Markets
- 3.3.2. Increasing Adoption of AI in Healthcare

Chapter 4. Global Health Intelligent Virtual Assistant Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter's 5 Force Model
- 4.1.7. Porter's 5 Force Impact Analysis
4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
4.3. Top investment opportunity
4.4. Top winning strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

Chapter 5. Global Health Intelligent Virtual Assistant Market Size & Forecasts by Product 2022-2032

5.1. Segment Dashboard
5.2. Global Health Intelligent Virtual Assistant Market: Product Revenue Trend Analysis, 2022 & 2032 (USD Million)
- 5.2.1. Chatbot
- 5.2.2. Smart Speakers

Chapter 6. Global Health Intelligent Virtual Assistant Market Size & Forecasts by Technology 2022-2032

6.1. Segment Dashboard
6.2. Global Health Intelligent Virtual Assistant Market: Technology Revenue Trend Analysis, 2022 & 2032 (USD Million)
- 6.2.1. Automatic Speech Recognition
- 6.2.2. Text to Speech
- 6.2.3. Text Based

Chapter 7. Global Health Intelligent Virtual Assistant Market Size & Forecasts by End-user 2022-2032

7.1. Segment Dashboard
7.2. Global Health Intelligent Virtual Assistant Market: End-user Revenue Trend Analysis, 2022 & 2032 (USD Million)
- 7.2.1. Payer
- 7.2.2. Providers
- 7.2.3. Others

Chapter 8. Global Health Intelligent Virtual Assistant Market Size & Forecasts by Region 2022-2032

8.1. North America Health Intelligent Virtual Assistant Market
- 8.1.1. U.S. Health Intelligent Virtual Assistant Market
  - 8.1.1.1. Product breakdown size & forecasts, 2022-2032
  - 8.1.1.2. Technology breakdown size & forecasts, 2022-2032
  - 8.1.1.3. End-user breakdown size & forecasts, 2022-2032
- 8.1.2. Canada Health Intelligent Virtual Assistant Market
8.2. Europe Health Intelligent Virtual Assistant Market
- 8.2.1. U.K. Health Intelligent Virtual Assistant Market
- 8.2.2. Germany Health Intelligent Virtual Assistant Market
- 8.2.3. France Health Intelligent Virtual Assistant Market
- 8.2.4. Spain Health Intelligent Virtual Assistant Market
- 8.2.5. Italy Health Intelligent Virtual Assistant Market
- 8.2.6. Rest of Europe Health Intelligent Virtual Assistant Market
8.3. Asia-Pacific Health Intelligent Virtual Assistant Market
- 8.3.1. China Health Intelligent Virtual Assistant Market
- 8.3.2. India Health Intelligent Virtual Assistant Market
- 8.3.3. Japan Health Intelligent Virtual Assistant Market
- 8.3.4. Australia Health Intelligent Virtual Assistant Market
- 8.3.5. South Korea Health Intelligent Virtual Assistant Market
- 8.3.6. Rest of Asia Pacific Health Intelligent Virtual Assistant Market
8.4. Latin America Health Intelligent Virtual Assistant Market
- 8.4.1. Brazil Health Intelligent Virtual Assistant Market
- 8.4.2. Mexico Health Intelligent Virtual Assistant Market
- 8.4.3. Rest of Latin America Health Intelligent Virtual Assistant Market
8.5. Middle East & Africa Health Intelligent Virtual Assistant Market
- 8.5.1. Saudi Arabia Health Intelligent Virtual Assistant Market
- 8.5.2. South Africa Health Intelligent Virtual Assistant Market
- 8.5.3. Rest of Middle East & Africa Health Intelligent Virtual Assistant Market

Chapter 9. Competitive Intelligence

9.1. Key Company SWOT Analysis
9.2. Top Market Strategies
9.3. Company Profiles
- 9.3.1. CSS Corp
  - 9.3.1.1. Key Information
  - 9.3.1.2. Overview
  - 9.3.1.3. Financial (Subject to Data Availability)
  - 9.3.1.4. Product Summary
  - 9.3.1.5. Market Strategies
- 9.3.2. CodeBaby, Inc
- 9.3.3. eGain Corporation
- 9.3.4. Kognito
- 9.3.5. Microsoft
- 9.3.6. MEDRESPOND
- 9.3.7. Next IT Solutions
- 9.3.8. Nuance Communications, Inc.
- 9.3.9. True Image Interactive, Inc.
- 9.3.10. Virgin Pulse

Chapter 10. Research Process

10.1. Research Process
- 10.1.1. Data Mining
- 10.1.2. Analysis
- 10.1.3. Market Estimation
- 10.1.4. Validation
- 10.1.5. Publishing
10.2. Research Attributes