Healthcare Virtual Assistants market forecast for 2028
Healthcare Virtual Assistants market forecast for 2028

Healthcare Virtual Assistants market forecast for 2028


The market for virtual healthcare assistants is expected to reach $ 5,310. 31 million in 2028 from US $ 684. 07 million in 2021; it is expected to grow at a CAGR of 34.01% from 2021 to 2028. Increasing use of virtual health assistants amid the COVID-19 pandemic and growing users of smartphones globally with increasing health-related applications is stimulating overall market growth.

New York, March 14, 2022 (GLOBE NEWSWIRE) – announces the release of the report “Healthcare Virtual Assistants Market Forecast to 2028 – COVID-19 Impact and Global Analysis By Component and End User” –
According to the report by the American Health Information Management Association (AHIMA), physicians have emerged as a marketplace targeted at smartphone technologies. For healthcare organizations, such as hospitals, advanced smartphones provide more convenience and efficiency than traditional computers. The above factors promote the growth of the virtual healthcare market.

The market for virtual healthcare assistants is divided on the basis of component and end user. Based on component, the market is divided into speech recognition, text-to-speech and voice recognition.

The speech recognition segment is estimated to account for the largest market share in 2021-2028. The healthcare sector makes extensive use of speech recognition technology to save time and improve productivity.

For example, speech recognition technology eliminates the need to manually transcribe the clinician’s notes. Clinicians dictate notes, and AI-powered software accurately converts voice data into valuable electronic health records (EHRs), significantly improving clinical documentation and accuracy.

In addition, physicians can at the same time dedicate themselves to the care of patients without worrying about entering EHR data. Such supporting factors drive the market growth of the speech recognition segment.

By end user, the market for virtual healthcare assistants is segmented into providers, payers and others. The provider segment is expected to dominate the market during the forecast period.

Artificial intelligence (AI) is used by several healthcare providers for accurate detection of chronic diseases, such as cancer, in the early stages. With the widespread introduction of AI combined with the proliferation of wearables for consumers and other medical devices involved in helping people live healthier lifestyles.

Virtual care is the best example in modern healthcare that facilitates healthcare providers, increases patient access to care, and reduces overall healthcare devices. Therefore, an expanding market for virtual healthcare assistants can help providers monitor and manage patient care throughout the recovery.

This can be achieved by following a long-term hospital visit or surgery or even acting as a substitute for personal care based on the patient population’s needs for the health organization’s capabilities and resource availability. This will ultimately help providers increase efficiency by seeing many patients with a greater degree of personal commitment in less time. The above factors support the market growth of the provider segment.

The World Health Organization (WHO), Korean Association of Medical Journal Editorsm Public Library of Science (PLOS), American Telemedicine Association (ATA), Harvard Business School Publishing, American Health Information Management Association (AHIMA) and National Institute of Health (NIH)) are among the primary and secondary sources referred to during the preparation of the Virtual Health Assistants Market Report.
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