Market Size of Digital Assistants In Healthcare Industry
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 1.72 Billion |
| Market Size (2029) | USD 7.49 Billion |
| CAGR (2024 - 2029) | 34.21 % |
| Fastest Growing Market | North America |
| Largest Market | Asia Pacific |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Digital Assistants in Healthcare Market Analysis
The Digital Assistants In Healthcare Market size is estimated at USD 1.72 billion in 2024, and is expected to reach USD 7.49 billion by 2029, growing at a CAGR of 34.21% during the forecast period (2024-2029).
A digital assistant, also known as a predictive chatbot, is an advanced computer program that simulates a conversation with the people who use it, typically over the internet. Some of the key market players influencing the growth of the digital healthcare assistants market include an increase in the usage of healthcare applications along with an increase in smartphone users, an increase in the prevalence of chronic diseases, and growing demand for high-quality healthcare delivery.
- Increase in consumer preference for technologically advanced products, increase in geriatric population, rise in number of digital devices users, and technological innovations in artificial intelligence these are factors increasing the growth.
- The growing need for automation is critical for propelling market growth. Also, as more people own smart devices, there will likely be more demand for digital assistants in the global healthcare industry. In addition, smart clinics are increasingly being implemented, facilitating patient connection and online training for medical personnel and the provision of medical advice.
- The variety of functions a digital assistant may perform has risen due to advancements in natural language understanding (NLU) and natural language processing (NLP), ranging from serving as a virtual nurse answering basic medical questions to acting as an emotional support person. These cutting-edge features are fueling faster market expansion.
- Digital assistants serve as "The Smart Home HQ," adding new cybersecurity threats. They manage many Internet of Things (IoT) devices that may be vulnerable to hacking and utilized for illegal activities, such as opening smart locks, getting into users' bank accounts, and collecting personal data.
- COVID-19, crises led to following the social distancing rules lock-down strictly, have resulted in a significant demand for digital assistance in healthcare across several sectors, particularly the healthcare and medical sector
