IMARC Group, a leading market research company, has recently releases report titled “Healthcare Chatbots Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032.” offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends and competitive landscape to understand the current and future market scenarios.
Report Highlights
How big is the healthcare chatbots market?
The global healthcare chatbots market size reached US$ 300.6 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 1,315.0 Million by 2032, exhibiting a growth rate (CAGR) of 17.29% during 2024-2032.
What are Healthcare Chatbots?
Healthcare chatbots are software integrated with machine learning (ML) algorithms and natural language processing (NLP). They allow medical assistants to stimulate and engage in conversations and provide real-time service to patients. Healthcare chatbots aid in reducing hospital visits, consultation times, unnecessary treatments and procedures, and hospital admissions and re-admissions by providing 24/7 remote medical care to patients. Presently, numerous chatbots are leveraged with complex self-learning algorithms to maintain in-depth, human-like conversations.
What are the growth prospects and trends in the healthcare chatbots industry?
The widespread adoption of the software by medical practitioners across the globe for monitoring patients with mild symptoms and providing hospital-based care on a timely basis, on account of the COVID-19 outbreak and the highly infectious nature of the virus, is primarily augmenting the healthcare chatbots market. Furthermore, the rising usage of these chatbots, as they communicate necessary information about coronavirus in several languages and make the screening process faster and more efficient, is positively influencing the global market.
Apart from this, the growing prevalence of chronic diseases, in confluence with the escalating demand for remote patient monitoring (RPM), is acting as another significant growth-inducing factor. Moreover, the increasing utilization of the software by private clinics to triage and clerk patients, which leads to significant cost savings and improves patient care outcomes, is also bolstering the market growth. Besides this, the inflating usage of these chatbots, as they help in freeing up hospital resources for treating existing and critical patients, is further catalyzing the global market. Additionally, the rising focus of various health firms on developing solutions that provide digital healthcare assistance is expected to drive the healthcare chatbots market in the coming years.
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Who are the key players operating in the industry?
The report covers the major market players including:
- Ada Health GmbH
- Babylon Inc.
- Buoy Health Inc.
- Creative Virtual Ltd.
- com Inc.
- HealthTap Inc.
- Infermedica
- Microsoft Corporation
- PACT Care BV
- Sensely Inc.
- Woebot Health
- MD Ltd.
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Component:
- Software
- Services
Breakup by Deployment Mode:
- Cloud-based
- On-premises
Breakup by Application:
- Symptoms Check
- Medical and Drug Information Assistance
- Appointment Scheduling and Monitoring
- Others
Breakup by End User:
- Patients
- Healthcare Providers
- Insurance Companies
- Others
Breakup by Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
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