Global Healthcare Chatbot Market

September 1, 2021 7 Min read Views 243 BUSINESS

Global Healthcare Chatbot Market size was valued at US$ XX Mn. in 2019 and is expected to grow at a CAGR of 21.76% over 2020-2026, to account for US$ XX Mn. in 2026. Global Healthcare Chatbot Market To Know About The Research Methodology :- Request Free Sample Report

Global Healthcare Chatbot Market Overview:
Healthcare chatbots are designed to help patients with their medical and related issues. Healthcare chatbots help in cutting down the burden on the medical or clinical staff working in a healthcare center or hospitals. Looking forward, the global healthcare chatbot market is projected to reach a value of US$ XX million by 2026, expanding at a CAGR of around 21.76% during 2020-2026 thanks to increasing hospital cost savings owing to the use of healthcare chatbots across the world. Another major factor driving the global healthcare chatbots market includes the booming internet penetration coupled with the adoption of smartphones. As per the GSMA (Global System for Mobile Communications), there are now above 10.22 Billion mobile connections globally and nearly 63% population was using the internet in 2020. Moreover, nearly 48.53% of the worldwide population has smartphones. Henceforth, the number of the global smartphone users increased from 2.5 billion in 2016 to 3.5 billion in 2020. Also, the need for chatbots because of various benefits like time savings, no need to visiting healthcare facility every time for symptom check or appointment, etc. acts as the growth catalyst to the global healthcare chatbot market. Nevertheless, lack of expertise for chatbot development, data privacy and security concern are factors expected to hinder the growth of the global healthcare chatbots market over 2020-2026.

Covid-19 Impact on Healthcare Chatbot Market:
The MMR report study has analyzed the revenue impact of the COVID -19 pandemic on the sales revenue of market leaders, market followers and market disrupters in the report and the same is reflected in our analysis. COVID-19 has enhanced the adoption of healthcare chatbots during pandemic because of the property of access to immediate response, care for individuals, etc., According to the World Economic Forum, above 1000 COVID-19 specific chatbots have been launched on Microsoft’s chatbot formation program alone. Additionally, between 30 March 2020 and 10 August 2020 nearby 6,872,021 million messages associated with COVID-19 were sent using the “Watson Assistant platform”. Similarly, governments across various economies have launched chatbots for the COVID-19 related queries. The World Health Organization (WHO) and the U.S. Centers for Disease Control have rolled out chatbots given that information about the coronavirus. Moreover, the Indian Ministry of Health has launched a chatbot on Facebook messenger called “corona Helpdesk” for updates related to COVID-19.

Global Healthcare Chatbot Market Segmentation:
By component, the software is expected to reach US$ XX.21 Mn. by 2026 at a CAGR of 22% over the forecast period thanks to the launch of various software by the leading players in the healthcare chatbots market. Furthermore, the new software is being installed through healthcare facilities because of which the market share of the software segment is developing. Based on the deployment model, the cloud-based model segment is estimated to account for 72% of the total market share in 2019 and is expected to grow at the highest CAGR of 23.10% during the forecast period. This growth is attributed to increasing involvement in the growth of chatbots, the revenue share of the cloud-based model segment is expected to rise in the global healthcare chatbots market during 2020-2026.

Global Healthcare Chatbot Market Regional Analysis:
Europe region is expected to hold XX% the largest growth rate in the forecast period of 2020 to 2026 owing to growing awareness and benefits of healthcare chatbots, in the EU. Additionally, the rising number of collaborations between significant industry players and healthcare suppliers for the implementation of healthcare chatbots in various economies, in the region is another major factor expected to further drive the growth of the global healthcare chatbots market during the forecast period. Competitive Landscape: Key players in the healthcare chatbot market have adopted various strategies to expand their global and regional presence and increase their market shares. In 2019, Babylon Healthcare Services Limited received a total funding of US$ 550 million to develop its chatbot Ask Babylon which is emerging as an AI-driven healthcare platform for medical professionals that includes a consumer-facing chatbot. The objective of the report is to present a comprehensive analysis of the Global Healthcare chatbot Market to the stakeholders in the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding the Global Healthcare Chatbot Market dynamics, structure by analyzing the market segments and project the Global Healthcare Chatbot Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Global Healthcare Chatbot Market make the report investor’s guide.

Global Healthcare Chatbot Market, Key Highlights:
• Global Healthcare Chatbot Market analysis and forecast, in terms of value. • Comprehensive study and analysis of market drivers, restraints and opportunities influencing the growth of the Global Healthcare Chatbot Market • Global Healthcare Chatbot Market segmentation on the basis of type, source, end-user, and region (country-wise) has been provided. • Global Healthcare Chatbot Market strategic analysis with respect to individual growth trends, future prospects along with the contribution of various sub-market stakeholders have been considered under the scope of study. • Global Healthcare Chatbot Market analysis and forecast for five major regions namely North America, Europe, Asia Pacific, the Middle East & Africa (MEA) and Latin America along with country-wise segmentation. • Profiles of key industry players, their strategic perspective, market positioning and analysis of core competencies are further profiled. • Competitive developments, investments, strategic expansion and competitive landscape of the key players operating in the Global Healthcare Chatbot Market are also profiled.

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Healthcare Chatbot Market : Global Industry Analysis and Forecast 2023-2029

Scope of the Global Healthcare Chatbot Market: Inquire before buying
Global Healthcare Chatbot Market2

Global Healthcare Chatbot Market, by Region
• Asia Pacific • North America • Europe • South America • Middle East & Africa

Global Healthcare Chatbot Market Key Players
• Your.MD • Healthtap, Inc. • Sensely, Inc. • Buoy Health, Inc. • Inbenta Technologies Inc. • Tencent • Infermedica • Babylon Healthcare Services Limited • Baidu • CX Company • Ada Digital Health, Ltd. • PACT Care BV • Nuance Communications, Inc • Woebot Labs, Inc. • GYANT.Com • Next IT Corp • Anboto • eGain • Nuance Communications, Inc. • eCreations. •Creative Virtual • Your.MD Ltd • Synthetix Ltd.

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