April 15, 2024
Healthcare Chatbots Market

Artificial Intelligence In Healthcare Is Fastest Growing Segment Fueling The Growth Of Healthcare Chatbots Market

The global healthcare chatbots Market is estimated to be valued at US$ 230.0 Mn or Mn in 2023 and is expected to exhibit a CAGR of 14. % over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market Overview:
Healthcare chatbots utilize artificial intelligence capabilities to understand medical queries and provide responses to patients and healthcare providers. They assist in answering basic questions regarding symptoms, medications, diagnosis and treatment options. With the growing usage of smartphones and healthcare apps, chatbots are emerging as a convenient way for quick medical advice.

Market key trends:
One of the major trends in the healthcare chatbots market is their integration with electronic health records (EHR). As chatbots gather more data over time through interactions, they can provide personalized care recommendations by linking to patients’ medical records in the EHR system. This helps chatbots give tailored responses based on individual health conditions and medical history. Such integrated chatbots can play a bigger role in remote monitoring of chronic diseases, medication management and follow-ups with patients.
Segment Analysis

Content:
The healthcare chatbots market is segmented by component (software and services), deployment model (cloud-based and on-premises), application (medication assistance, appointment scheduling & monitoring, and diagnosis), and end user (patients, healthcare providers, insurance companies, and other end users). The software segment dominates the market since chatbot software can be easily integrated with healthcare organizations’ existing systems to provide patient care assistance.

Key Takeaways

The Global Healthcare Chatbots Market Growth is expected to witness high growth, exhibiting a CAGR of 14% over the forecast period, due to increasing demand for virtual health assistants and around-the-clock support for patients.

Regional analysis:
North America dominates the global market currently due to presence of advanced healthcare infrastructure and increasing adoption of digital health technologies in the region. Asia Pacific is expected to grow at a highest CAGR during the forecast period due to growing healthcare expenditure and rising medical tourism in countries like India and China.

Key players:
Key players operating in the Healthcare Chatbots market are ADA Digital Health Ltd., Buoy Health, Inc., Gyant.com, Inc., Infermedica, Microsoft, and Babylon Healthcare Service Limited, among others. The market players are focusing on developing innovative chatbot solutions integrated with AI and adopting organic and inorganic growth strategies like collaborations and partnerships to strengthen their market presence.

*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it