The North America healthcare virtual assistants market is expected to reach US$ 2,008.8 million by 2028 from US$ 266.7 million in 2021. The market is estimated to grow at a CAGR of 33.4% from 2021 to 2028.
Chronic diseases, such as heart disease, diabetes, stroke, and obesity, are the leading causes of death across the region, and these diseases account for the largest share of the country's health care cost. According to CDC, in 2018, ~9% of the total population had diabetes, and it is the major cause of lower-limb amputation and kidney failure in the US. Further, the report also suggests that more than 1.5 million American population are diagnosed with diabetes in the US every year.
According to the American College of Cardiology Foundation, in 2018, CHD was the major cause of death due to cardiovascular disease (CVD), followed by stroke, high BP, heart failure, and other CVDs, with a contribution share of 16.8%, 9.4%, 9.0%, and 17.9% respectively. By 2035, nearly 130 million adults in the US are feared to have CVD. Thus, the rising geriatric population and related chronic disorders are expected to push the sales of healthcare virtual assistants devices, thus propelling the growth of the North America healthcare virtual assistants devices market during the forecast period.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the healthcare virtual assistants market at a promising CAGR during the forecast period.
North America Healthcare Virtual Assistants Market Revenue and Forecast to 2028 (US$ Million)
The North America healthcare virtual assistants market is segmented into component and end user. Based on component, the market is segmented into speech recognition, text-to-speech, and voice recognition. Based on end user, the market is segmented into providers, payers, and others. Geographically, the market is segmented into the US, Canada, and Mexico.
North America Healthcare Virtual Assistants Market Strategic Insights
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North America Healthcare Virtual Assistants Market Segmentation Analysis
North America Healthcare Virtual Assistants Market Report Highlights
North America Healthcare Virtual Assistants Report Scope
Report Attribute
Details
Market size in 2021
US$ 266.7 Million
Market Size by 2028
US$ 2,008.8 Million
CAGR (2021 - 2028)
33.4%
Historical Data
2019-2020
Forecast period
2022-2028
Segments Covered
By Component
Speech Recognition
Text-to-Speech
Voice Recognition
By End User
Providers
Payers
Regions and Countries Covered
North America
US
Canada
Mexico
Market leaders and key company profiles
Nuance Communications, Inc.
Amazon.com, Inc.
Verient Systems, Inc,
Microsoft Corporation
EGAIN CORPORATION
Infermedica
CSS Corp
Kognito
Babylon
True Image Interactive Inc.
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North America Healthcare Virtual Assistants Market Country and Regional Insights
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Identical Market Reports with other Region/Countries
The List of Companies - North America Healthcare Virtual Assistants Market
Nuance Communications, Inc.
Amazon.com, Inc.
Verient Systems, Inc,
Microsoft Corporation
EGAIN CORPORATION
Infermedica
CSS Corp
Kognito
Babylon
True Image Interactive Inc.
Frequently Asked Questions
How big is the North America Healthcare Virtual Assistants Market?
The North America Healthcare Virtual Assistants Market is valued at US$ 266.7 Million in 2021, it is projected to reach US$ 2,008.8 Million by 2028.
What is the CAGR for North America Healthcare Virtual Assistants Market by (2021 - 2028)?
As per our report North America Healthcare Virtual Assistants Market, the market size is valued at US$ 266.7 Million in 2021, projecting it to reach US$ 2,008.8 Million by 2028. This translates to a CAGR of approximately 33.4% during the forecast period.
What segments are covered in this report?
The North America Healthcare Virtual Assistants Market report typically cover these key segments-
What is the historic period, base year, and forecast period taken for North America Healthcare Virtual Assistants Market?
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the North America Healthcare Virtual Assistants Market report:
Historic Period : 2019-2020
Base Year : 2021
Forecast Period : 2022-2028
Who are the major players in North America Healthcare Virtual Assistants Market?
The North America Healthcare Virtual Assistants Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
Nuance Communications, Inc.
Amazon.com, Inc.
Verient Systems, Inc,
Microsoft Corporation
EGAIN CORPORATION
Infermedica
CSS Corp
Kognito
Babylon
True Image Interactive Inc.
Who should buy this report?
The North America Healthcare Virtual Assistants Market report is valuable for diverse stakeholders, including:
Investors: Provides insights for investment decisions pertaining to market growth, companies, or industry insights. Helps assess market attractiveness and potential returns.
Industry Players: Offers competitive intelligence, market sizing, and trend analysis to inform strategic planning, product development, and sales strategies.
Suppliers and Manufacturers: Helps understand market demand for components, materials, and services related to concerned industry.
Researchers and Consultants: Provides data and analysis for academic research, consulting projects, and market studies.
Financial Institutions: Helps assess risks and opportunities associated with financing or investing in the concerned market.
Essentially, anyone involved in or considering involvement in the North America Healthcare Virtual Assistants Market value chain can benefit from the information contained in a comprehensive market report.
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