The North America Health Intelligent Virtual Assistant Market would witness market growth of 22.5% CAGR during the forecast period (2023-2030).
The COVID-19 pandemic accelerated the adoption of telehealth services, with IVAs being an integral part of remote healthcare delivery. Their role in telehealth is expected to continue growing. IVAs are becoming more sophisticated in their ability to provide personalized health recommendations and interact in a conversational and empathetic manner. Seamless integration with EHR systems allows IVAs to access patient records, improving the accuracy of recommendations and patient care. Voice-controlled IVAs, integrated with smart speakers and wearables, are becoming increasingly popular for hands-free interaction with health information and services. IVAs focusing on offering resources and assistance for mental health have emerged due to the increased emphasis on mental health and wellness. As IVAs handle sensitive healthcare data, ensuring robust data privacy and security measures is a critical trend in the market.
In addition, advanced IVAs use machine learning and AI algorithms to assist healthcare professionals in diagnosing diseases and planning treatments by analyzing patient data. IVAs are now equipped to monitor and analyze behavioral patterns, allowing for early detection of mental health issues and intervention. Some IVAs are exploring blockchain technology to enhance the security and privacy of healthcare data, giving patients greater control over their health information. In surgery, IVAs are used for remote support, providing real-time guidance to surgeons during procedures. IVAs are becoming more versatile by adapting to different languages and cultural nuances, making healthcare services accessible to a broader range of populations.
The United States has one of the world's highest healthcare spending levels per capita. Factors contributing to high healthcare spending include the cost of medical procedures, pharmaceuticals, and administrative expenses. While the United States relies on both public and private healthcare finance, Canada has a publicly supported healthcare system. As per the data given by the United States Centers for Medicare and Medicaid Services, healthcare spending in the United States rose 2.7% in 2021, amounting to $4.3 trillion, or $12,914 per person. Spending on healthcare accounted for 18.3 percent of the country's GDP. Medicare expenditures increased by 8.4% to $900.8 billion in 2021, or 21% of all National Health Expenditure (NHE). Spending on Medicaid increased by 9.2% to $734.0 billion in 2021, or 17% of all NHE.
The US market dominated the North America Health Intelligent Virtual Assistant Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $593.4 Million by 2030. The Canada market is expected to witness a CAGR of 25.2% during (2023 - 2030). Additionally, The Mexico market would experience a CAGR of 24.2% during (2023 - 2030).
Based on Product, the market is segmented into Chatbot and Smart Speakers. Based on Technology, the market is segmented into Text to Speech, Text Based and Automatic Speech Recognition. Based on End User, the market is segmented into Payer, Providers and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Health Intelligent Virtual Assistant Market is Predict to reach $2.2 Billion by 2030, at a CAGR of 23.3%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include eGain Corporation, Microsoft Corporation, MedRespond, Next IT Solutions Inc., True Image Interactive, Inc., Virgin Pulse, Inc., Verint Systems, Inc., Babylon Holdings Limited, Amazon.com, Inc., and Sensely, Inc.
Scope of the Study
Market Segments Covered in the Report:
By Product
By Technology
- Text to Speech
- Text Based
- Automatic Speech Recognition
By End-user
By Country
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- eGain Corporation
- Microsoft Corporation
- MedRespond
- Next IT Solutions Inc.
- True Image Interactive, Inc.
- Virgin Pulse, Inc.
- Verint Systems, Inc.
- Babylon Holdings Limited
- Amazon.com, Inc.
- Sensely, Inc.
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Health Intelligent Virtual Assistant Market, by Product
1.4.2 North America Health Intelligent Virtual Assistant Market, by Technology
1.4.3 North America Health Intelligent Virtual Assistant Market, by End-user
1.4.4 North America Health Intelligent Virtual Assistant Market, by Country
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.3 Porter’s Five Forces Analysis
Chapter 4. Strategies deployed in Health Intelligent Virtual Assistant Market
Chapter 5. North America Health Intelligent Virtual Assistant Market by Product
5.1 North America Chatbot Market by Country
5.2 North America Smart Speakers Market by Country
Chapter 6. North America Health Intelligent Virtual Assistant Market by Technology
6.1 North America Text to Speech Market by Country
6.2 North America Text Based Market by Country
6.3 North America Automatic Speech Recognition Market by Country
Chapter 7. North America Health Intelligent Virtual Assistant Market by End-user
7.1 North America Payer Market by Country
7.2 North America Providers Market by Country
7.3 North America Others Market by Country
Chapter 8. North America Health Intelligent Virtual Assistant Market by Country
8.1 US Health Intelligent Virtual Assistant Market
8.1.1 US Health Intelligent Virtual Assistant Market by Product
8.1.2 US Health Intelligent Virtual Assistant Market by Technology
8.1.3 US Health Intelligent Virtual Assistant Market by End-user
8.2 Canada Health Intelligent Virtual Assistant Market
8.2.1 Canada Health Intelligent Virtual Assistant Market by Product
8.2.2 Canada Health Intelligent Virtual Assistant Market by Technology
8.2.3 Canada Health Intelligent Virtual Assistant Market by End-user
8.3 Mexico Health Intelligent Virtual Assistant Market
8.3.1 Mexico Health Intelligent Virtual Assistant Market by Product
8.3.2 Mexico Health Intelligent Virtual Assistant Market by Technology
8.3.3 Mexico Health Intelligent Virtual Assistant Market by End-user
8.4 Rest of North America Health Intelligent Virtual Assistant Market
8.4.1 Rest of North America Health Intelligent Virtual Assistant Market by Product
8.4.2 Rest of North America Health Intelligent Virtual Assistant Market by Technology
8.4.3 Rest of North America Health Intelligent Virtual Assistant Market by End-user
Chapter 9. Company Profiles
9.1 eGain Corporation
9.1.1 Company Overview
9.1.2 Financial Analysis
9.1.3 Regional Analysis
9.1.4 Research & Development Expenses
9.1.5 SWOT Analysis
9.2 Microsoft Corporation
9.2.1 Company Overview
9.2.2 Financial Analysis
9.2.3 Segmental and Regional Analysis
9.2.4 Research & Development Expenses
9.2.5 Recent strategies and developments:
9.2.5.1 Partnerships, Collaborations, and Agreements:
9.2.5.2 Product Launches and Product Expansions:
9.2.6 SWOT Analysis
9.3 MedRespond
9.3.1 Company Overview
9.3.2 SWOT Analysis
9.4 Next IT Solutions, Inc.
9.4.1 Company Overview
9.4.2 SWOT Analysis
9.5 True Image Interactive, Inc.
9.5.1 Company Overview
9.5.2 SWOT Analysis
9.6 Virgin Pulse, Inc.
9.6.1 Company Overview
9.6.2 Recent strategies and developments:
9.6.2.1 Partnerships, Collaborations, and Agreements:
9.6.3 SWOT Analysis
9.7 Verint Systems, Inc.
9.7.1 Company Overview
9.7.2 Financial Analysis
9.7.3 Regional Analysis
9.7.4 Research and Development Expense
9.7.5 SWOT Analysis
9.8 Babylon Holdings Limited
9.8.1 Company Overview
9.8.2 Financial Analysis
9.8.3 Regional Analysis
9.8.4 Research & Development Expenses
9.8.5 Recent strategies and developments:
9.8.5.1 Partnerships, Collaborations, and Agreements:
9.8.5.2 Acquisition and Mergers:
9.8.6 SWOT Analysis
9.9 Amazon.com, Inc.
9.9.1 Company Overview
9.9.2 Financial Analysis
9.9.3 Segmental Analysis
9.9.4 Recent strategies and developments:
9.9.4.1 Partnerships, Collaborations, and Agreements:
9.9.4.2 Product Launches and Product Expansions:
9.9.5 SWOT Analysis
9.10. Sensely, Inc.
9.10.1 Company Overview
9.10.2 Recent strategies and developments:
9.10.2.1 Partnerships, Collaborations, and Agreements:
9.10.2.2 Product Launches and Product Expansions:
9.10.3 SWOT Analysis
TABLE 1 North America Health Intelligent Virtual Assistant Market, 2019 - 2022, USD Million
TABLE 2 North America Health Intelligent Virtual Assistant Market, 2023 - 2030, USD Million
TABLE 3 North America Health Intelligent Virtual Assistant Market by Product, 2019 - 2022, USD Million
TABLE 4 North America Health Intelligent Virtual Assistant Market by Product, 2023 - 2030, USD Million
TABLE 5 North America Chatbot Market by Country, 2019 - 2022, USD Million
TABLE 6 North America Chatbot Market by Country, 2023 - 2030, USD Million
TABLE 7 North America Smart Speakers Market by Country, 2019 - 2022, USD Million
TABLE 8 North America Smart Speakers Market by Country, 2023 - 2030, USD Million
TABLE 9 North America Health Intelligent Virtual Assistant Market by Technology, 2019 - 2022, USD Million
TABLE 10 North America Health Intelligent Virtual Assistant Market by Technology, 2023 - 2030, USD Million
TABLE 11 North America Text to Speech Market by Country, 2019 - 2022, USD Million
TABLE 12 North America Text to Speech Market by Country, 2023 - 2030, USD Million
TABLE 13 North America Text Based Market by Country, 2019 - 2022, USD Million
TABLE 14 North America Text Based Market by Country, 2023 - 2030, USD Million
TABLE 15 North America Automatic Speech Recognition Market by Country, 2019 - 2022, USD Million
TABLE 16 North America Automatic Speech Recognition Market by Country, 2023 - 2030, USD Million
TABLE 17 North America Health Intelligent Virtual Assistant Market by End-user, 2019 - 2022, USD Million
TABLE 18 North America Health Intelligent Virtual Assistant Market by End-user, 2023 - 2030, USD Million
TABLE 19 North America Payer Market by Country, 2019 - 2022, USD Million
TABLE 20 North America Payer Market by Country, 2023 - 2030, USD Million
TABLE 21 North America Providers Market by Country, 2019 - 2022, USD Million
TABLE 22 North America Providers Market by Country, 2023 - 2030, USD Million
TABLE 23 North America Others Market by Country, 2019 - 2022, USD Million
TABLE 24 North America Others Market by Country, 2023 - 2030, USD Million
TABLE 25 North America Health Intelligent Virtual Assistant Market by Country, 2019 - 2022, USD Million
TABLE 26 North America Health Intelligent Virtual Assistant Market by Country, 2023 - 2030, USD Million
TABLE 27 US Health Intelligent Virtual Assistant Market, 2019 - 2022, USD Million
TABLE 28 US Health Intelligent Virtual Assistant Market, 2023 - 2030, USD Million
TABLE 29 US Health Intelligent Virtual Assistant Market by Product, 2019 - 2022, USD Million
TABLE 30 US Health Intelligent Virtual Assistant Market by Product, 2023 - 2030, USD Million
TABLE 31 US Health Intelligent Virtual Assistant Market by Technology, 2019 - 2022, USD Million
TABLE 32 US Health Intelligent Virtual Assistant Market by Technology, 2023 - 2030, USD Million
TABLE 33 US Health Intelligent Virtual Assistant Market by End-user, 2019 - 2022, USD Million
TABLE 34 US Health Intelligent Virtual Assistant Market by End-user, 2023 - 2030, USD Million
TABLE 35 Canada Health Intelligent Virtual Assistant Market, 2019 - 2022, USD Million
TABLE 36 Canada Health Intelligent Virtual Assistant Market, 2023 - 2030, USD Million
TABLE 37 Canada Health Intelligent Virtual Assistant Market by Product, 2019 - 2022, USD Million
TABLE 38 Canada Health Intelligent Virtual Assistant Market by Product, 2023 - 2030, USD Million
TABLE 39 Canada Health Intelligent Virtual Assistant Market by Technology, 2019 - 2022, USD Million
TABLE 40 Canada Health Intelligent Virtual Assistant Market by Technology, 2023 - 2030, USD Million
TABLE 41 Canada Health Intelligent Virtual Assistant Market by End-user, 2019 - 2022, USD Million
TABLE 42 Canada Health Intelligent Virtual Assistant Market by End-user, 2023 - 2030, USD Million
TABLE 43 Mexico Health Intelligent Virtual Assistant Market, 2019 - 2022, USD Million
TABLE 44 Mexico Health Intelligent Virtual Assistant Market, 2023 - 2030, USD Million
TABLE 45 Mexico Health Intelligent Virtual Assistant Market by Product, 2019 - 2022, USD Million
TABLE 46 Mexico Health Intelligent Virtual Assistant Market by Product, 2023 - 2030, USD Million
TABLE 47 Mexico Health Intelligent Virtual Assistant Market by Technology, 2019 - 2022, USD Million
TABLE 48 Mexico Health Intelligent Virtual Assistant Market by Technology, 2023 - 2030, USD Million
TABLE 49 Mexico Health Intelligent Virtual Assistant Market by End-user, 2019 - 2022, USD Million
TABLE 50 Mexico Health Intelligent Virtual Assistant Market by End-user, 2023 - 2030, USD Million
TABLE 51 Rest of North America Health Intelligent Virtual Assistant Market, 2019 - 2022, USD Million
TABLE 52 Rest of North America Health Intelligent Virtual Assistant Market, 2023 - 2030, USD Million
TABLE 53 Rest of North America Health Intelligent Virtual Assistant Market by Product, 2019 - 2022, USD Million
TABLE 54 Rest of North America Health Intelligent Virtual Assistant Market by Product, 2023 - 2030, USD Million
TABLE 55 Rest of North America Health Intelligent Virtual Assistant Market by Technology, 2019 - 2022, USD Million
TABLE 56 Rest of North America Health Intelligent Virtual Assistant Market by Technology, 2023 - 2030, USD Million
TABLE 57 Rest of North America Health Intelligent Virtual Assistant Market by End-user, 2019 - 2022, USD Million
TABLE 58 Rest of North America Health Intelligent Virtual Assistant Market by End-user, 2023 - 2030, USD Million
TABLE 59 Key Information – eGain Corporation
TABLE 60 Key Information – Microsoft Corporation
TABLE 61 Key Information – MedRespond
TABLE 62 Key Information – Next IT Solutions Inc.
TABLE 63 Key Information – True Image Interactive, Inc.
TABLE 64 Key Information – Virgin Pulse, Inc.
TABLE 65 Key information –Verint Systems, Inc.
TABLE 66 Key Information – Babylon Holdings Limited
TABLE 67 Key Information – Amazon.com, Inc.
TABLE 68 Key Information – Sensely, Inc.
List of Figures
FIG 1 Methodology for the research
FIG 2 North America Health Intelligent Virtual Assistant Market, 2019 - 2030, USD Million
FIG 3 Key Factors Impacting Health Intelligent Virtual Assistant Market
FIG 4 Porter’s Five Forces Analysis - Health Intelligent Virtual Assistant Market
FIG 5 North America Health Intelligent Virtual Assistant Market share by Product, 2022
FIG 6 North America Health Intelligent Virtual Assistant Market share by Product, 2030
FIG 7 North America Health Intelligent Virtual Assistant Market by Product, 2019 - 2030, USD Million
FIG 8 North America Health Intelligent Virtual Assistant Market share by Technology, 2022
FIG 9 North America Health Intelligent Virtual Assistant Market share by Technology, 2030
FIG 10 North America Health Intelligent Virtual Assistant Market by Technology, 2019 - 2030, USD Million
FIG 11 North America Health Intelligent Virtual Assistant Market share by End-user, 2022
FIG 12 North America Health Intelligent Virtual Assistant Market share by End-user, 2030
FIG 13 North America Health Intelligent Virtual Assistant Market by End-user, 2019 - 2030, USD Million
FIG 14 North America Health Intelligent Virtual Assistant Market share by Country, 2022
FIG 15 North America Health Intelligent Virtual Assistant Market share by Country, 2030
FIG 16 North America Health Intelligent Virtual Assistant Market by Country, 2019 - 2030, USD Million
FIG 17 SWOT Analysis: eGain Corporation
FIG 18 SWOT Analysis: Microsoft Corporation
FIG 19 SWOT Analysis: MedRespond
FIG 20 SWOT Analysis: Next IT Solutions Inc.
FIG 21 SWOT Analysis: True Image Interactive, Inc.
FIG 22 SWOT Analysis: Virgin Pulse, Inc.
FIG 23 SWOT Analysis: Verint Systems, Inc.
FIG 24 SWOT Analysis: Babylon Holdings Limited
FIG 25 SWOT analysis: Amazon.com, Inc.
FIG 26 SWOT Analysis: Sensely, Inc.