Health Intelligent Virtual Assistant Market to witness more than 31% CAGR from 2017 to 2024

1. Health Intelligent Virtual Assistant Market forecast to reach $1.5bn by 2024: Global Market Insights Inc. Fuel Cell Market size worth $25.5bn by 2024

2. Key Insights from Health Intelligent Virtual Assistant Market: • Global Market Insights, Inc. says Health Intelligent Virtual Assistant Market size is set to exceed USD 1.5 billion by 2024. • Rising smartphone users worldwide coupled with increasing use of health apps and growing popularity of internet of things is set to drive health intelligent virtual assistant market growth. • Mobile healthcare technology has gained immense popularity among populations all over the globe. The increased adoption of heath apps demonstrates the shift in trend in patient care; wherein service over mobile devices is being preferred over visiting the physicians. • The use of internet of things in healthcare has increased both the size as well as accuracy of medical data through variety of data collection, and expanded the reach of healthcare professionals beyond their limited facilities. • Increasing lifestyle related disorders coupled with rising health consciousness should also drive the health intelligent virtual assistant market.

3. Continued... • Lifestyle diseases remain the leading cause of death worldwide. Intelligent virtual assistants respond to the voice or text queries through mobile devices or health apps, thus increasing patient engagement and improving self-management skills for chronic disease. • Growing need to reduce healthcare costs and improve quality of care will fuel health intelligent virtual assistant market growth. • Promising improvements in healthcare infrastructure, patient experience will restructure the healthcare delivery over the coming years. • To reduce the medical errors and improve the quality of healthcare has been the first preference of Agency for Healthcare Research and Quality (AHRQ). • Lack of awareness regarding accuracy and personalization in intelligent virtual assistants in certain regions and, lack of skilled people should hinder health intelligent virtual assistant market growth over forecast years.

4. Continued... • Speech recognition will witness significant growth over the forecast years due to tremendous rise in demand for documentation with increasing adoption of electronic medical records. • U.S. health intelligent virtual assistant market accounted for the largest regional industry share in 2016. • UK held considerable regional health intelligent virtual assistant market share in 2016 owing to adoption of advanced healthcare technologies. • Japan health intelligent virtual assistant market attributed for over 30% of Asia-Pacific share in 2016, witnessing healthy growth over the forecast years. • Brazil held highest regional market share in 2016 witnessing lucrative growth over the forecast years. • Some of the prominent industry players offering unique and advanced products include Next IT Corporation, Microsoft Corporation, Nuance Communications and eGain Communication.

5. Germany health intelligent virtual assistant market size, by technology, 2013-2024 (USD Million)

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