South and Central America Healthcare Virtual Assistants Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Component (Speech Recognition, Text-to-Speech, and Voice Recognition) and End User (Providers, Payers, and Others)
The South & Central America healthcare virtual assistants market is expected to reach US$ 307.8 million by 2028 from US$ 45.9 million in 2021. The market is estimated to grow at a CAGR of 31.2% from 2021 to 2028.
The rate of obesity among people is growing rapidly in developed and developing countries across the region. The sedentary life and unhealthy lifestyle are driving the number of obese individuals significantly. According to the Organization for Economic Co-operation, (OECD), in 2020, more than 1.9 billion adults of 18 years and above were overweight, of these over 650 million were obese.
Diabetes is caused by the body’s inability to secret insulin and is considered a life-threatening disorder with no ensured cure. This inability prevents body from adequately regulating blood glucose levels. Diabetes is one of the most prevalent diseases of the 21st century. The increase in number of people suffering from various lifestyle and chronic diseases creates a need for efficient devices and solutions to monitor individual’s physiological parameters, under a physician’s consultation, thereby increasing the demand for healthcare virtual assistants applications. This is likely to promote the market growth during the forecast years.
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 South and Central America healthcare virtual assistants market at a substantial CAGR during the forecast period.
South & Central America Healthcare Virtual Assistants Market Revenue and Forecast to 2028 (US$ Million)
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The South and Central 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 Brazil, Argentina, and the Rest of South & Central America.
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 South & Central America Healthcare Virtual Assistants Market – By Component
1.3.2 South & Central America Healthcare Virtual Assistants Market – By End User
1.3.3 South & Central America Healthcare Virtual Assistants Market – By Country
2. Healthcare Virtual Assistants Market – Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. South & Central America Healthcare Virtual Assistants Market – Market Landscape
4.1 Overview
4.2 PEST Analysis
4.2.1 South & Central America – PEST Analysis
4.3 Expert Opinions
5. Healthcare Virtual Assistants Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Growing Prevalence of Chronic Diseases
5.1.2 Rising Awareness Regarding Healthcare
5.1.3 Increase in Social Networking and Smart Phone Users
5.2 Market Restraints
5.2.1 Security and Privacy Issues
5.2.2 Unaddressed Regulatory Concerns
5.3 Market Opportunity
5.3.1 Expansion of Healthcare Facilities in Remote Locations
5.4 Future Trend
5.4.1 Healthcare Virtual Assistants to Replace Patients’ Routine Visits
5.5 Impact Analysis
6. Healthcare Virtual Assistants Market – South & Central America Analysis
6.1 South & Central America Healthcare Virtual Assistants Market Revenue Forecast and Analysis
7. Healthcare Virtual Assistants Market Analysis – By Component
7.1 Overview
7.2 Healthcare Virtual Assistants Market Revenue Share, by Component (2020 and 2028)
7.3 Speech Recognition
7.3.1 Overview
7.3.2 Speech Recognition: Healthcare Virtual Assistants Market – Revenue and Forecast to 2028 (US$ Million)
7.4 Text-to-Speech
7.4.1 Overview
7.4.2 Text-to-Speech: Healthcare Virtual Assistants Market – Revenue and Forecast to 2028 (US$ Million)
7.5 Voice Recognition
7.5.1 Overview
7.5.2 Voice Recognition: Healthcare Virtual Assistants Market – Revenue and Forecast to 2028 (US$ Million)
8. Healthcare Virtual Assistants Market – By End User
8.1 Overview
8.2 Healthcare Virtual Assistants Market, by End User, 2020 and 2028 (%)
8.3 Providers
8.3.1 Overview
8.3.2 Providers: Healthcare Virtual Assistants Market – Revenue and Forecast to 2028 (US$ Million)
8.4 Payers
8.4.1 Overview
8.4.2 Payers: Healthcare Virtual Assistants Market – Revenue and Forecast to 2028 (US$ Million)
8.5 Others
8.5.1 Overview
8.5.2 Others: Healthcare Virtual Assistants Market – Revenue and Forecast to 2028 (US$ Million)
9. Healthcare Virtual Assistants Market – Geographical Analysis
9.1 South and Central America: Healthcare Virtual Assistants Market
9.1.1 Overview
9.1.2 South and Central America: Healthcare Virtual Assistants Market, by Country, 2020 & 2028 (%)
9.1.3 South and Central America: Healthcare Virtual Assistants Market, by Country, 2019–2028 (USD Million)
9.1.4 South and Central America: Healthcare Virtual Assistants Market, by Component, 2019–2028 (USD Million)
9.1.5 South and Central America: Healthcare Virtual Assistants Market, by End User, 2019–2028 (USD Million)
9.1.6 South & Central America Healthcare Virtual Assistants Market Share, By Country (%), 2021 & 2028
9.1.6.1 Brazil: Healthcare Virtual Assistants Market – Revenue and Forecast to 2028 (USD Million)
9.1.6.1.1 Brazil: Healthcare Virtual Assistants Market – Revenue and Forecast to 2028 (USD Million)
9.1.6.1.2 Brazil: Healthcare Virtual Assistants Market, by Component, 2019–2028 (USD Million)
9.1.6.1.3 Brazil: Healthcare Virtual Assistants Market, by End User, 2019–2028 (USD Million)
9.1.6.2 Argentina: Healthcare Virtual Assistants Market – Revenue and Forecast to 2028 (USD Million)
9.1.6.2.1 Argentina: Healthcare Virtual Assistants Market – Revenue and Forecast to 2028 (USD Million)
9.1.6.2.2 Argentina: Healthcare Virtual Assistants Market, by Component, 2019–2028 (USD Million)
9.1.6.2.3 Argentina: Healthcare Virtual Assistants Market, by End User, 2019–2028 (USD Million)
9.1.6.3 Rest of South and Central America: Healthcare Virtual Assistants Market – Revenue and Forecast to 2027 (USD Million)
9.1.6.3.1 Rest of South and Central America: Healthcare Virtual Assistants Market – Revenue and Forecast to 2028 (USD Million)
9.1.6.3.2 Rest of South and Central America: Healthcare Virtual Assistants Market, by Component, 2019–2028 (USD Million)
9.1.6.3.3 Rest of South and Central America: Healthcare Virtual Assistants Market, by End User, 2019–2028 (USD Million)
10. Healthcare Virtual Assistants Market–Industry Landscape
10.1 Overview
10.2 Growth Strategies Done by the Companies in the Market, (%)
10.3 Organic Developments
10.3.1 Overview
10.4 Inorganic Developments
10.4.1 Overview
11. Company Profiles
11.1 Nuance Communications, Inc.
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 Amazon.com, Inc.
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 Verint Systems, Inc.
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 Microsoft Corporation
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
11.5 EGAIN CORPORATION
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.5.6 Key Developments
11.6 Infermedica
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Products and Services
11.6.4 Financial Overview
11.6.5 SWOT Analysis
11.6.6 Key Developments
11.7 CSS Corp
11.7.1 Key Facts
11.7.2 Business Description
11.7.3 Products and Services
11.7.4 Financial Overview
11.7.5 SWOT Analysis
11.7.6 Key Developments
11.8 Kognito
11.8.1 Key Facts
11.8.2 Business Description
11.8.3 Products and Services
11.8.4 Financial Overview
11.8.5 SWOT Analysis
11.8.6 Key Developments
11.9 Babylon
11.9.1 Key Facts
11.9.2 Business Description
11.9.3 Products and Services
11.9.4 Financial Overview
11.9.5 SWOT Analysis
11.9.6 Key Developments
12. Appendix
12.1 About the Insight Partners
12.2 Glossary of Terms
LIST OF TABLES
Table 1. South and Central America Healthcare Virtual Assistants Market, by Country – Revenue and Forecast to 2028 (USD Million)
Table 2. South and Central America Healthcare Virtual Assistants Market, by Component – Revenue and Forecast to 2028 (USD Million)
Table 3. South and Central America Healthcare Virtual Assistants Market, by End User – Revenue and Forecast to 2028 (USD Million)
Table 4. Brazil Healthcare Virtual Assistants Market, by Component – Revenue and Forecast to 2028 (USD Million)
Table 5. Brazil Healthcare Virtual Assistants Market, by End User – Revenue and Forecast to 2028 (USD Million)
Table 6. Argentina Healthcare Virtual Assistants Market, by Component – Revenue and Forecast to 2028 (USD Million)
Table 7. Argentina Healthcare Virtual Assistants Market, by End User – Revenue and Forecast to 2028 (USD Million)
Table 8. Rest of South and Central America Healthcare Virtual Assistants Market, by Component – Revenue and Forecast to 2028 (USD Million)
Table 9. Rest of South and Central America Healthcare Virtual Assistants Market, by End User – Revenue and Forecast to 2028 (USD Million)
Table 10. Organic Developments Done by Companies
Table 11. Inorganic Developments Done by Companies
Table 12. Glossary of Terms, Healthcare Virtual Assistants Market
LIST OF FIGURES
Figure 1. Healthcare Virtual Assistants Market Segmentation
Figure 2. Healthcare Virtual Assistants Market Overview
Figure 3. Speech Recognition Held Largest Share by Component of Healthcare Virtual Assistants Market
Figure 4. Brazil to Show Significant Growth During Forecast Period
Figure 5. South & Central America Healthcare virtual assistants Market, Industry Landscape
Figure 6. South & Central America PEST Analysis
Figure 7. Healthcare virtual assistants Market Impact Analysis of Driver and Restraints
Figure 8. South & Central America Healthcare Virtual Assistants Market – Revenue Forecast and Analysis – 2020- 2028
Figure 9. Healthcare Virtual Assistants Market Revenue Share, by Component (2020 and 2028)
Figure 10. Speech Recognition: Healthcare Virtual Assistants Market – Revenue and Forecast to 2028 (US$ Million)
Figure 11. Text-to-Speech: Healthcare Virtual Assistants Market – Revenue and Forecast to 2028 (US$ Million)
Figure 12. Voice Recognition: Healthcare Virtual Assistants Market – Revenue and Forecast to 2028 (US$ Million)
Figure 13. Healthcare Virtual Assistants Market, by End User, 2020 and 2028 (%)
Figure 14. Providers: Healthcare Virtual Assistants Market – Revenue and Forecast to 2028 (US$ Million)
Figure 15. Payers: Healthcare Virtual Assistants Market – Revenue and Forecast to 2028 (US$ Million)
Figure 16. Others: Healthcare Virtual Assistants Market – Revenue and Forecast to 2028 (US$ Million)
Figure 17. South and Central America: Healthcare Virtual Assistants Market, by Key Country – Revenue (2021) (USD Million)
Figure 18. South and Central America: Healthcare Virtual Assistants Market, by Country, 2020 & 2028 (%)
Figure 19. South and Central America: Healthcare Virtual Assistants Market, by Country, 2021 & 2028 (%)
Figure 20. Brazil: Healthcare Virtual Assistants Market – Revenue and Forecast to 2028 (USD Million)
Figure 21. Argentina: Healthcare Virtual Assistants Market – Revenue and Forecast to 2028 (USD Million)
Figure 22. Rest of South and Central America: Healthcare Virtual Assistants Market – Revenue and Forecast to 2028 (USD Million)
Figure 23. Growth Strategies Done by the Companies in the Market, (%)
- Nuance Communications, Inc.
- Amazon.com, Inc.
- Verient Systems, Inc,
- Microsoft Corporation
- EGAIN CORPORATION
- Infermedica
- CSS Corp
- Kognito
- Babylon
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the South & Central America healthcare virtual assistants market.
- Highlights key business priorities in order to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in the South & Central America healthcare virtual assistants market, thereby allowing players across the value chain to develop effective long-term strategies.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth SAM market trends and outlook coupled with the factors driving the market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing and distribution.