The global Healthcare Chatbots Market is forecasted to be worth USD 594.8 Million by 2027, according to a current analysis by Emergen Research. The healthcare chatbots market is anticipated to expand exponentially over the forecast period. The growth in the demand for healthcare chatbots apps is due to the rise in internet penetration and usage of smart wellbeing devices, and increasing awareness of self-monitoring techniques in diagnosis and treatment. The rising need for virtual health assistance is expected to further drive the market growth.
The reliable Healthcare Chatbots business report is an analytical consideration of the prime challenges that may arrive in the market in terms of sales, export, import, or revenue. This market report is a comprehensive analysis on the study of this industry that gives number of market insights. This market research report describes the major moves of the top players and brands such as developments, product launches, acquisitions, mergers, joint ventures and competitive research in the market. It is a professional and in-depth analysis on the current state of the market.
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Some Key Highlights from the Report
- In February 2017, in a cash-and-stock deal valued at around USD 36.0 million, Nuance Communications had acquired Noida-based mobile value-added services company mCarbon Tech Innovations. This is a tailored deal for Nuance that will further extend its current Value-Added Services and subscription business services portfolio, which is currently distributed throughout Latin America, Northern America, Europe, and Australia, and boost the carriers’ services in India, Africa, and Southeast Asia.
- During the forecast timeframe, the software segment is expected to dominate the market with a CAGR of 20.5%. The growth of diverse applications for patients and health care providers is expected to fuel segmental growth.
- Over the forecasted period, the healthcare provider segment accounted for the largest market with a CAGR of 20.5%. Significant medical records, such as patient information, hospital inventory, billing records, and patient medical records, are managed by healthcare facilities. Increasing patient flows in hospitals and clinics will create tremendous demand for healthcare chatbot applications by offering interactive assistance for healthcare facility operations.
The report further studies the key companies operating in the industry and their company profiles, product portfolio, expansion strategies, and strategic alliances such as mergers and acquisitions, collaborations, and joint ventures, among others. It also offers insights into their market reach and global position, along with highlights about their achievements and financial standings.
Major Players/Manufacturers profiled in the report are:
HealthTap, Inc., Woebot Labs, Inbenta Technologies Inc., Infermedica Sp. Z o.o, Ada Health GmbH, Nuance Communications, Inc., Synthetix Ltd., PACT Care BV, Baidu, Inc., and Next IT Corporation, among others.
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Emergen Research has segmented the global Healthcare Chatbots Market on the basis of deployment, component, application, end-user, and region:
Deployment Outlook (Revenue, USD Million; 2017-2027)
- Cloud-based
- On-premise
Component Outlook (Revenue, USD Million; 2017-2027)
- Services
- Software
Application Outlook (Revenue, USD Million; 2017-2027)
- Appointment Scheduling & Medical Guidance
- Symptom checking & Medication Assistance
End-User Outlook (Revenue, USD Million; 2017-2027)
- Healthcare Providers
- Patients
- Insurance Companies
- Others
A closer look at the aspects including but not limited to market segmentation by the end-user, end-use, geography, type, and application forms an integral part of the research report. In addition, in-depth analysis of critical factors such as spending capability, gross margin, business environment and profit for the forecast period 2020 – 2027 holds critical information and is based on curated facts and logical arguments. Importantly, validation of statistics recent acquisitions and mergers, collaborations and product launches serve as testimonials for stakeholders, field marketing personnel, product manufacturers and business evangelists on how a product will be positioned in the real world in years to come.
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Geographical Analysis:
The report offers a comprehensive analysis of the current growth prospects for the regional segments of the Healthcare Chatbots market. It further gauges their revenue share for the forecast period. Furthermore, the report analyzes the year-on-year growth rate of the market in these regions for the forecast period. The leading geographic regions covered in this report are as follows:
North America
Europe
Asia Pacific
Latin America
Middle East & Africa
Key Points of the Geographical Analysis:
Data and information related to the consumption rate in each region
Estimated increase in the consumption rate
Proposed growth of the market share of each region
Geographical contribution to market revenue
Expected growth rate of the regional markets
Key Reasons to Buy This Report:
- The report presents a thorough examination of the Healthcare Chatbots market, elaborating on its core segments. The report conducts historical and future assessments of the market dynamics and offers precise data in a well-organized order.
- The report evaluates the most prominent market growth potentials, dynamic market trends, driving factors, restraints, investment opportunities, and threats.
- The report is inclusive of an in-depth study of the industry variables, manufacturers’ value chain, sales volume, market share, competitive landscape, and effective business tactics.
- The report further identifies the key regions and segments dominating the market. These regions are foreseen to register fast-paced growth over the forecast duration.
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