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.
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.