Market Trends of Digital Assistants In Healthcare Industry
Smart Speakers to Witness Significant Growth
- Smart speakers are becoming more popular due to consumers' shifting preferences for technologically advanced products that use artificial intelligence (AI) and the Internet of Things (IoT), which provide many advantages, like multifunctionality, reduced time requirements, increased comfort, convenience, and accuracy.
- Smart speakers are quick, versatile, diverse, and dependable solutions. Being technologically savvy has several benefits, including time savings and improved comfort and convenience.
- Moroever, Smart speakers and voice assistants open up a world of possibilities to enhance member interactions with their health plans. For example, Alexa voice tools allow consumers to use the device to book urgent care appointments and to access personalized information like progress updates after surgery, prescription delivery notifications and locations of nearby urgent care centers.
- Also, people with mental illnesses can use smart speakers as therapists. They can start dialogues based on the patient's mental state, aiding with despair and anxiety. Text-to-speech technology and automatic speech recognition are the two divisions of the technology sector. Automated voice recognition technology is expected to rule the market during the projected period.
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North America is Expected to Hold Significant Market Share
- The desire for home monitoring devices, the rise in chronic illness prevalence, and the aging population are all critical drivers of the digital assistant's expansion in the healthcare sector. Operating home-based devices is becoming dull, and so these are being used by all age groups. They are also lightweight and portable, so patients may carry them around at all times without feeling uncomfortable. Additionally, it guarantees continuous monitoring of the patient's health. Additionally, one of the key factors fueling the market's expansion is the requirement to keep the average healthcare spending constant.
- The region's market will grow due to the quick acceptance of new technologies, the rising prevalence of chronic diseases, the use of technology to engage more people, rising healthcare costs, and the high awareness of virtual assistants.
- Also, the market in North America is anticipated to be driven by the rising expenditures made by businesses in developing improved digital assistant technologies using machine learning and artificial intelligence to support automated decision-making systems.
- However, government rules pertaining to the protection of customer data to prevent its misuse may impede market expansion as businesses are required to abide by them and implement adjustments right away.
- Due to the rising acceptance of artificial Intelligence (AI) and the Internet of Things (IoT) with the increased use of smartphones worldwide, the North American area is anticipated to lead the market. The necessity for high-quality healthcare services and the shortage of healthcare experts have led to a massive increase in the popularity of virtual healthcare assistants in the area.
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