Because they increase the productivity and effectiveness of medical care, medical professionals are increasingly using virtual assistants in healthcare. With the help of these AI-powered helpers, doctors can perform low-level administrative tasks and update electronic medical records. They can also assist physicians with patient tracking and follow-up, protocol improvement, and non-clinical direction.
North America Healthcare Virtual Assistants Market was valued at US$353.4 million in 2020 and is projected to grow to US$2,008.8 million by 2028, growing at a CAGR of 33.6% between 2021 and 2028.
In terms of volume, the US held the leading position in the North American healthcare virtual assistant market in 2020, accounting for 79.4% of the market.
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Saykara, Inc., a start-up working to develop a mobile AI assistant capable of automating clinical documentation in healthcare, was purchased by Nuance Communications, Inc. in February 2021. The strategic purchase will help the company expand its customer base and product line.
The healthcare virtual assistant market in North America is growing due to the increasing prevalence of chronic diseases. According to the American College of Cardiology Foundation, CHD was the leading cause of death from cardiovascular disease (CVD) in 2018. Stroke, hypertension, heart failure, and other CVDs contributed 16.8%, 9.4%, 9.0%, and 17.9%, respectively. of all deaths in 2018. Over 130 million people in the US are expected to have CVD by 2035.
Again, it is believed that the region’s aging population and increasing investment in healthcare would fuel market expansion. The Centers for Disease Control and Prevention estimates that US health care spending increased 9.7% in 2020 to $4.1 trillion, or $12,530 per person. To share the nation’s gross domestic product, healthcare spending accounted for 19.7 percent.
The adoption of virtual assistants in healthcare is expected to be limited by concerns about the security and privacy of sensitive healthcare data collected by these devices. We assume that this will slow the market expansion.
Again, it is expected that an unresolved regulatory issue related to privacy, security, data ownership and consent would hamper the industry’s expansion.
With the increasing use of smartphones by consumers, new development prospects are expected. Additionally, the growing adoption of IoT healthcare in the region is expected to continue to impact the market expansion. For example, in November 2018, GE Healthcare introduced new software and smart devices based on the Edison platform that enable healthcare providers to deliver faster and more accurate treatments by accelerating the development and use of artificial intelligence (AI) technologies.
Over the projection horizon, the market is expected to benefit from the expansion of healthcare facilities in peripheral areas. In addition, the rise of IoT and connected healthcare services in remote areas will support market expansion.
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Market trends/key takeaways
Automatic speech recognition is growing in popularity as it helps streamline operations in healthcare facilities. In addition, the increased use of smart speakers in the healthcare industry is expected to boost the market expansion. This gadget increases security concerns, reduces costs and increases productivity.
A corollary to the current generation of healthcare IT systems is the emergence of mobile healthcare technology. There is also a growing desire for effective networking among physicians, hospital workers and others, fueling the healthcare virtual assistant market in North America.
Market Competitive Landscape:
Includes Nuance Communications, Inc.com, True Image Interactive Inc., Verint Systems, Inc., Microsoft Corporation, Kognito, EGAIN CORPORATION, CSS Corp. and Infermedica.
Table of Contents
Chapter 1 Industry Overview
1.3 Scope of Research
1.4 Market Analysis by Regions
1.5 North America Healthcare Virtual Assistants Market Size Analysis from 2022 to 2028
11.6 COVID-19 Outbreak: Impact on Healthcare Virtual Assistants Industry in North America
Chapter 2 North America Healthcare Virtual Assistants Competition by Types, Applications, and Top Regions & Countries
2.1 North America: Virtual Assistants in Healthcare (Volume and Value) by Type
2.3 North America Virtual Assistants in Healthcare (Volume and Value) by Regions
Chapter 3 Production Market Analysis
3.1 Production Market Analysis
3.2 Regional Manufacturing Market Analysis
Chapter 4 North America Healthcare Virtual Assistants Sales, Consumption, Export, Import by Region (2017-2022)
Chapter 5 Healthcare Virtual Assistants Market Analysis in North America
Chapter 6 Company Profiles and Key Figures in Healthcare Virtual Assistants Business in North America
Chapter 7 North America Healthcare Virtual Assistants Market Forecast (2022-2028)
Chapter 8 Conclusions
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