Healthcare Virtual Assistants Market Trends

Growth Drivers

• Increasing Technological Advancements in Both Software and Hardware Solutions – Technological innovations are going to keep transforming global healthcare. The Vas is allowing patients to use mobile health apps like Amazon Echo to refill prescriptions, schedule appointments, scan health records, and complete forms in advance. Thus, the growing use of software solutions in healthcare is driving the market growth.
• Increasing Incidences of Chronic Diseases – Increasing cases of chronic diseases such as diabetes and cardiac ailments are also driving the market growth. For instance, the number of mHealth apps offered to Android users through the Google Play Store increased between the beginning of 2020 and the end of 2021, reaching over 65,300,000 during the last quarter of 2021.
• Employment of IoT in healthcare - Patients can use IoT to transform their personal health data, such as steps taken, vital signs, and calories burned, into non-personally identifiable information on the platform and store it securely. For instance, the US generated the highest revenue of USD 8 billion for IOT in healthcare in 2023. This factor is driving the market growth rapidly.

Challenges

• Increasing Security Concerns – Any healthcare security breach could lead to a significant loss of sensitive data, including patient location, health records, insurance IDs, and other specifics. Therefore, these factors may hamper the market growth.
• Lack of Infrastructure in Developing Economies
• High Cost of Implementation and Maintenance of Healthcare Virtual Assistants