Healthcare Chatbots Market: A Game-Changer in Patient Engagement

Each day AI becomes an integral part of our lives.

Companies are more often considering AI as an option to serve their customers by saving time and resources on business development.

Due to the highest load during the COVID-19 pandemic developing an AI for healthcare providers became more and more popular.

The use of chatbots in medicine is an excellent idea many healthcare organizations are following today.

Chatbots are helping to reduce loads on receptionists and healthcare professionals by not only collecting details about issues patients are experiencing but also matching details with hospital records and providing pre-programmed solutions to them before someone connects with the one in need. 

Chatbots are adopted among the developed countries such as North and Europe, and is yet to witness widespread adoption in emerging countries, where doctors and other healthcare providers are still reluctant to adopt advanced healthcare solutions.

Data privacy concerns and a lack of sufficiently skilled personnel to develop healthcare chatbots also serve to affect market growth to a certain extent.The overall healthcare chatbots market is projected to reach USD 314.3 million by 2023 from USD 122.0 million by 2018, at a CAGR of 20.8% during the forecast period.Rising Internet connectivity and the growing adoption of smartphones and mobile platforms play a key role in ensuring the adoption and use of chatbots.

According to data published by Anthem Insurance Companies, Inc. (US) in May 2017, around 52% of smartphone users gather health information using mobile apps; 36% of doctors say apps are the most effective way to engage with patients; and 93% of doctors believe mobile apps can improve health.

Smart devices equipped with advanced chatbot tools solve many mission-critical communication issues in healthcare.

Enhanced technological features in chatbot software, such as Natural Language Processing (NLP), multilingual capabilities, interference engine, cloud-based deployment, Application Programming Interface (API), mobile platform compatibility, and single point of search is propelling the growth of the software segment.Download PDF Brochure:https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=27837519Concerns regarding data privacy pose a major challenge for the market.

Patient data contain personal, private, or confidential information and requires strict safeguards to prevent its misuse.

Global Healthcare Chatbots Market Size is expected to touch USD 316.85 million by 2023 at 21.10% CAGR over the forecast period (2018-2023), as per Market Research Future (MRFR).

It stood at USD 100.46 million in 2017.

Rise of chronic diseases coupled with lack of medical experts to handle queries are main drivers of the market.

For instance, cancer patients used chatbots to gain rapid assistance regarding medication and their adverse effects.Global Healthcare Chatbots Market Size Insights 2020 provides a unique tool for evaluating the Market, highlighting opportunities, and supporting strategic and tactical decision-making.

This report recognizes that in this rapidly-evolving and competitive environment, up-to-date Marketing information is essential to monitor performance and make critical decisions for growth and profitability.

It provides information on trends and developments, and focuses on Markets and materials, capacities and technologies, and on the changing structure of the Serotonin Supplements Market.Some of the key players operating for the global market analysis are Sensely, Inc. (U.S.), Your.MD (U.K.), Buoy Health, Inc. (U.S.), Infermedica (Poland), PACT Care BV (The Netherlands), HealthTap, Inc. (U.S.), Babylon Health (U.K.), Ada Health GmbH (Germany), Woebot Labs, Inc. (U.S.), and GYANT.COM, Inc. (U.S.).Healthcare Chatbots Market Size Research Coverage:Changing market dynamics of the industryTo get a comprehensive overview of the Healthcare Chatbots Market Size.Historical, current and projected market size in terms of volume and valueIn-depth market segmentationCompetitive landscapeThe report presents an all-inclusive database in a systematic and highly comprehensive manner.

“Data Bridge Market Research” has recently added a concise research on the Healthcare Chatbots Market to depict valuable insights related to significant market trends driving the industry.

The report features analysis based on key opportunities and challenges confronted by market leaders while highlighting their competitive setting and corporate strategies for the estimated timeline.

Some are the key & emerging players that are part of coverage and have being profiled are: HealthTap, Inc., Anboto, Sensely, Buoy Health, Inc., Infermedica, Babylon, Baidu, Inc., Ada Health GmbH, PACT Care BV, Woebot, GYANT.COM, Inc., Creative Virtual, Your.MD, Synthetix Ltd., Next IT Corp., CX Company, Inbenta Technologies Inc., eGain, Nuance Communications, Inc. and eCreations.Get Sample Analysis of This Market Information: @ https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-healthcare-chatbots-marketMarket Drivers:Rising demand for virtual health assistance is a major factor leading to industry growthConstant innovations and technological developments in the industry will act as a major market driverMarket Restraints:Increasing concerns related to data privacy is acting as a major restraint for the marketLack of knowledge for chatbot development will also hamper the market demandCompetitive Analysis: Global Healthcare Chatbots MarketThe global healthcare chatbots market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market.

The report includes market shares of healthcare chatbots market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.Some of the key questions answered in this report:Detailed Overview of Healthcare Chatbots Market helps deliver clients and businesses making strategies.Influential factors that are thriving demand and constraints in the market.What is the market concentration?

Is it fragmented or highly concentrated?What trends, challenges and barriers will impact the development and sizing of Healthcare Chatbots Market?SWOT Analysis of each key players mentioned along with its company profile with the help of Porter’s five forces tool mechanism to compliment the same.What growth momentum or acceleration market carries during the forecast period?Note: If you have any special requirements, please let us know and we will offer you the report as you want.Get 20% Discount On Report Offer Wailed Up to Limited Period  https://www.databridgemarketresearch.com/inquire-before-buying/?dbmr=global-healthcare-chatbots-marketSegmentation: Global Healthcare Chatbots MarketGlobal Healthcare Chatbots Market By Component (Software, Service)Deployment Model (On-premise Model, Cloud-based Model)Application (Diagnosis & medical aid, Appointment scheduling)End-User (Patients, Healthcare Providers, Insurance Companies, Others)Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends & Forecast to 2026Key Developments in the Market:In June, 2018, Bupa entered into a strategic partnership with Babylon to offer artificial intelligence powered health services to its corporate clients.

This strategy would help the company to enhance its customer base.In July, 2017, Baidu acquired Kitt.ai to provide developers a platform for building chatbots based on NLP and AI technology.

Advancements in the field of medical tools, medical technology along with the integration of data analytics, and 3D printing in this industry are enhancing the role in sustaining quality facilities at hospitals, clinics, and homes.

It is considered to be crucial for the services offered for the prevention, diagnosis, and treatment of diseases and illnesses.

This industry comprises of an enormous number of products ranging from surgical gloves to artificial joints to imaging equipment which plays a crucial role in the development of medical technologies.Advancements in technology and its adoption are improving the complexity and accuracy of disease screening with the approval of smart devices applicable for remote monitoring of patients.

Expert consultation with medical device manufacturers reveals that they are hesitant due to the perceived barriers to obtain ethical approval.

This industry is undergoing significant advances in terms of minimally invasive surgery, orthopaedic surgeries, cardiology, neurology, oncology, and medical imaging.This market is moderately fragmented and is in the growth phase is trying to gain a higher market share.

Hospitality and surgical centres are foreseen to dominate this market with the highest demand for this segment in 2018.