Healthcare Chatbots Market Size to Hit USD 116.9 Million by 2026 | CAGR Of 14.5% from 2019 to 2026
Allied Market Research recently published a report, titled, “Healthcare Chatbots Market by Application (Symptoms Check, Medical and Drug Information Assistance, Appointment Scheduling and Monitoring, and Other applications), Deployment (Cloud-based and On-premise), and End User (Healthcare Providers, Healthcare Payers, Patients and Other End Users): Global Opportunity Analysis and Industry Forecast, 2018–2026″. According to the report, the global healthcare chatbot industry accounted for $116.9 million in 2018 and is projected to garner $345.3 million by 2026, registering a CAGR of 14.5% during the forecast period.
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Covid19 Impact on Healthcare Chatbots Market
The COVID-19 pandemic has accelerated the adoption of healthcare chatbots, revolutionizing patient care and information dissemination. These AI-driven tools provide instant, accurate responses to COVID-related queries, easing the burden on healthcare systems. Chatbots assist in triaging symptoms, offering guidance on preventive measures, and disseminating up-to-date information. With the surge in telehealth, these bots facilitate remote consultations, reducing physical contact and minimizing the risk of transmission. Their role in mental health support has also become crucial during the pandemic. Overall, COVID-19 has propelled healthcare chatbots into forefront, showcasing their potential in enhancing accessibility, efficiency, and safety in the healthcare landscape.
Healthcare providers to manifest fastest CAGR through 2026
Projected to achieve a remarkable 15.6% Compound Annual Growth Rate (CAGR), the healthcare provider sector is poised to be the fastest-growing segment throughout the research duration. It dominated the market in 2018, claiming nearly two-fifths of the global healthcare chatbot market share. This dominance stems from the valuable advantages healthcare chatbots provide to providers, notably the alleviation of medical staff workload, thereby enhancing overall efficiency. The comprehensive report also encompasses insights into other end users, including healthcare payers and patients, underscoring the diverse applications and impacts of healthcare chatbots across the healthcare ecosystem.
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North America held lion’s share
In 2018, North America dominated the global healthcare chatbot market, holding over one-third of the share, primarily attributed to the widespread availability of healthcare chatbot services. Meanwhile, the Asia-Pacific region is projected to exhibit the swiftest Compound Annual Growth Rate (CAGR) at 15.9% during the forecast period. This surge is fueled by a heightened awareness of healthcare chatbot utilization, an increase in Internet connectivity, and a rise in healthcare spending linked to the growing disposable income in the region. The dynamics highlight a shift towards rapid adoption and integration of healthcare chatbots in the Asia-Pacific healthcare landscape.
Key Findings of the Healthcare Chatbots Market :
- Symptoms check occupied one-third share of the global healthcare chatbots market in 2018.
- The cloud-based segment is anticipated to grow with the highest CAGR throughout the forecast period.
- The patients segment accounted for more than one-fourth share of the market in 2018.
- Asia-Pacific is anticipated to grow at the highest rate during the analysis period, followed by LAMEA.
Key Benefits for Healthcare Chatbots Market:
- This report entails a detailed quantitative analysis along with the current global healthcare chatbots market trends from 2019 to 2026 to identify the prevailing opportunities along with the strategic assessment.
- The healthcare chatbots market forecast is studied from 2019 to 2026.
- The market size and estimations are based on a comprehensive analysis of key developments in the industry.
- A qualitative analysis based on innovative products facilitates strategic business planning.
- The development strategies adopted by the key market players are enlisted to understand the competitive scenario of the market.
Our Market Research Solution Provides You Answer to Below Mentioned Question:
- Which are the driving factors responsible for the growth of market?
- Which are the roadblock factors of this market?
- What are the new opportunities, by which market will grow in coming years?
- What are the trends of this market?
- Which are main factors responsible for new product launch?
- How big is the global & regional market in terms of revenue, sales and production?
- How far will the market grow in forecast period in terms of revenue, sales and production?
- Which region is dominating the global market and what are the market shares of each region in the overall market in 2019?
- How will each segment grow over the forecast period and how much revenue will these segments account for in 2026?
- Which region has more opportunities?
Major market players
- Ada Digital Health Ltd.
- Babylon Healthcare Service Limited
- Ariana
- GYANT.Com, Inc.
- Buoy Health, Inc.
- Microsoft
- Infermedica Sp. z o.o
- Sense.ly Inc.
- PACT Care B.V.
- Your.MD
Editor Details
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Company:
- The Wire Times
