• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to secondary sidebar
  • Skip to footer

  • Opinion
  • Health IT
    • Behavioral Health
    • Care Coordination
    • EMR/EHR
    • Interoperability
    • Patient Engagement
    • Population Health Management
    • Revenue Cycle Management
    • Social Determinants of Health
  • Digital Health
    • AI
    • Blockchain
    • Precision Medicine
    • Telehealth
    • Wearables
  • Startups
  • M&A
  • Value-based Care
    • Accountable Care (ACOs)
    • Medicare Advantage
  • Life Sciences
  • Research

Healthcare Virtual Assistant Market to Reach $1.76B by 2025

by Jasmine Pennic 08/23/2019 Leave a Comment

  • LinkedIn
  • Twitter
  • Facebook
  • Email
  • Print

 

Clinical Operations Makes Highest Use of Artificial Intelligence, Tufts Study Finds

The global healthcare virtual assistant market is expected to grow at a CAGR of 24.7% from 2018 to reach $1.76 billion by 2025, according to market research published by Meticulous Research.

The emergence of Healthcare Virtual Assistant Market

Virtual assistants are AI and rule-based systems that interact with humans to perform various tasks. These assistants use cognitive technologies such as machine learning, natural language processing, and neural networks to enable interactive communications with the end-users. Virtual assistant technology in the healthcare industry can assist in transforming various health processes and improve healthcare delivery, worldwide. It helps in improving healthcare quality, patient care, and patient outcome at lower costs.

Key Market Drivers

Currently, there is an increasing demand for various types of virtual assistant solutions, globally, which is primarily attributed to the increasing focus on patient-centric care delivery, growing adoption of IoT, growing internet connectivity and smartphone devices, and increasing focus on patient engagement. In addition, the shortage of healthcare professionals, increasing burden of lifestyle diseases, and need of reducing healthcare costs are also expected to contribute to the growth of the healthcare virtual assistants market. However, lack of awareness among healthcare professionals, data privacy and security awareness may dampen the growth of this market during the forecast period of 2018 to 2025.

Benefits of Healthcare Virtual Assistants

Increasing need and demand of the healthcare professionals to spend more time with patients and better communication through incorporation of technological tools in healthcare practices are driving the focus on various patient engagement technologies. Virtual assistants can easily automate the task of patient engagement by automating patient interactions through the use of chatbots or smart speakers. The chatbots product segment is estimated to command the largest share of the overall healthcare chatbots market in 2019, mainly due to increasing advancements in natural language processing & machine learning models.

Healthcare Virtual Assistants Market by Product

The global healthcare virtual assistants’ market is primarily segmented by product

1.  chatbots and smart speakers)

2.  Technology (speech recognition)

3.   Text-to-speech, and text based)

4.    End user (providers, payers, and other end users)

Largest Market Share Segment: Speech Recognition-based Virtual Assistants

In the healthcare industry, speech recognition-based virtual assistants form one of the most promising technologies currently being explored by various technology providers for a variety of applications. Currently, applications of speech recognition-based virtual assistants for the healthcare industry is focused on aiding the administrative tasks for physicians by automating the operational processes, such as medical transcription, scheduling, chart search, and medical information search. This technology commanded the largest share of the overall healthcare virtual assistants market; however, error in the transcription, high cost, challenges of adoption among healthcare professionals, and variation in the quality and security issues are the major factors that may hamper the growth to a certain extent.

North America Dominates Healthcare Virtual Assistant Market

Geographically, North America has been at the forefront of the technological advancements in the healthcare industry and has evidenced a sequential change in adoption of various patient engagement technologies, including healthcare virtual assistants over the past few years. Majority of the growth in this market is driven by high technology adoption among healthcare providers in the region, high awareness among healthcare payers and providers for new technologies available in the market, increasing need to reduce healthcare cost and rising demand of the technologically advanced solutions to maximize efficiency of healthcare systems.

 

  • LinkedIn
  • Twitter
  • Facebook
  • Email
  • Print

Tagged With: AI, Artificial Intelligence, assistants, Chatbot in Healthcare, global healthcare, healthcare delivery, IoT, Machine Learning, Patient Care, patient engagement, Payers, physicians, transcription, virtual assistant

Tap Native

Get in-depth healthcare technology analysis and commentary delivered straight to your email weekly

Reader Interactions

Primary Sidebar

Subscribe to HIT Consultant

Latest insightful articles delivered straight to your inbox weekly.

Submit a Tip or Pitch

Featured Insights

2025 EMR Software Pricing Guide

2025 EMR Software Pricing Guide

Featured Interview

Kinetik CEO Sufian Chowdhury on Fighting NEMT Fraud & Waste

Most-Read

2019 MedTech Breakthrough Award Category Winners Announced

MedTech Breakthrough Announces 2025 MedTech Breakthrough Award Winners

WeightWatchers Files for Bankruptcy to Eliminate $1.15B in Debt

WeightWatchers Files for Bankruptcy to Eliminate $1.15B in Debt

KLAS: Epic Dominates 2024 EHR Market Share Amid Focus on Vendor Partnership; Oracle Health Sees Losses Despite Tech Advances

KLAS: Epic Dominates 2024 EHR Market Share Amid Focus on Vendor Partnership; Oracle Health Sees Losses Despite Tech Advances

'Cranky Index' Reveals EHR Alert Frustration Peaks Midweek, Highest Among Admin Staff

‘Cranky Index’ Reveals EHR Alert Frustration Peaks Midweek, Highest Among Admin Staff

Madison Dearborn Partners to Acquire Significant Stake in NextGen Healthcare

Madison Dearborn Partners to Acquire Significant Stake in NextGen Healthcare

Wandercraft Begins Clinical Trials for Physical AI-Powered Personal Exoskeleton

Wandercraft Begins Clinical Trials for Physical AI-Powered Personal Exoskeleton

Chipiron Secures $17M to Transform MRI Access with Portable Scanner

Chipiron Secures $17M to Transform MRI Access with Portable Scanner

Abbott to Integrate FreeStyle Libre Glucose Data with Epic EHR

Abbott to Integrate FreeStyle Libre Glucose Data with Epic EHR

5 Ways New Trump Administration Tariffs Are Impacting U.S. Healthcare Now

5 Ways Trump Administration Tariffs Are Impacting U.S. Healthcare Now

iCAD, GE HealthCare Integrate to Advance Breast Cancer Detection with AI

RadNet to Acquire iCAD for $103M in All-Stock Transaction

Secondary Sidebar

Footer

Company

  • About Us
  • Advertise with Us
  • Reprints and Permissions
  • Submit An Op-Ed
  • Contact
  • Subscribe

Editorial Coverage

  • Opinion
  • Health IT
    • Care Coordination
    • EMR/EHR
    • Interoperability
    • Population Health Management
    • Revenue Cycle Management
  • Digital Health
    • Artificial Intelligence
    • Blockchain Tech
    • Precision Medicine
    • Telehealth
    • Wearables
  • Startups
  • Value-Based Care
    • Accountable Care
    • Medicare Advantage

Connect

Subscribe to HIT Consultant Media

Latest insightful articles delivered straight to your inbox weekly

Copyright © 2025. HIT Consultant Media. All Rights Reserved. Privacy Policy |