According to
Coherent Market Insights, the global healthcare
chatbots market size is estimated to be valued at USD 230.0 million in 2023
and is expected to surpass USD 593.5 million by 2030, growing at a CAGR of 14.5%
from 2023 to 2030.
Market
Dynamics
Market Trends Integration of
chatbots with wearable gadgets: Companies are integrating chatbots with
wearable fitness gadgets to offer personalised health advice and help based on
clinical information accrued through devices. This integration in chatbots helps
to monitor patients remotely and offer well timed guidance. Healthcare
Chatbots Market Report Coverage Report Coverage Details Market Revenue in 2023 $230.0 million Estimated Value by 2030 $593.5million Growth Rate Poised to grow at a CAGR of 14.5% Historical Data 2017–2021 Forecast Period 2023–2030 Forecast Units Value (USD Million/Billion) Report Coverage Revenue Forecast, Competitive Landscape,
Growth Factors, and Trends Segments Covered By Application, By End User, By Deployment: Geographies Covered North America, Europe, Asia Pacific, and
Rest of World Growth Drivers • Increasing adoption of healthcare
chatbots • The outbreak of COVID-19 (pandemic) Restraints & Challenges • Concerns regarding the data privacy • Lack of acceptance or integration Market Opportunities One of the key
opportunities in the healthcare chatbot market is symptom testing and
medication assistance. Chatbots help patients monitor their symptoms by asking
relevant questions and providing a diagnosis. It can help patients better understand
their symptoms and recommend appropriate medicine or consult a doctor. This
will reduce the burden on health care providers and reduce costs. Chatbots are
available 24/7 to help patients with non-emergency health problems. Another important
opportunity is the use of chatbots for scheduling appointments and providing
general medical advice. Chatbots can help book and reschedule appointments with
doctors based on availability. They provide basic medical advice by answering general
health questions and direct patients to relevant health information. Chatbots
help hospitals and clinics improve scheduling processes. They provide
convenient virtual assistance to patients for non-essential services. This will
help improve access to care and response times.
Key Market Takeaways The global
healthcare chatbot market is expected to witness a CAGR of 14.5% during the
forecast period, due to the increasing adoption of AI chatbots in the
healthcare industry. Based on end user,
the patient segment will account for the largest share and is expected to
dominate over the forecast period. Competitor Insights
Industry Insights in Chatbots Market Domain-Specific
Chatbots: Companies are developing chatbots tailored to specific industries to
provide more relevant and efficient help, such as healthcare, finance, and
customer support. This shift towards specialization addresses the limitations
of general-purpose chatbots. Customer satisfaction has also improved.
Customized LLM-based models are becoming the standard for businesses looking
for sophisticated customer service solutions. Ask For
Customization @ https://www.coherentmarketinsights.com/insight/request-customization/5758
Detailed Segmentation: By Application: By End User: By Deployment: By Geography: Find Most Trending Related Reports: Global medical
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of 15.6 % during the forecast period (2022-2030). About Us: Coherent Market Insights is a global market intelligence and
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Increasing adoption of virtual assistants for disease prognosis and fitness
recommendation is expected to drive market growth over the forecast period.
Chatbots offer 24/7 availability to patients for basic session without having
an actual medical doctor. They can recognize clinical terminologies and help
patients through answering normally asked health associated queries. Moreover,
chatbots are useful tool for hospitals and clinics. They can handle a large volumes
of patient inquiries by answering common questions. This reduces useless
footfall and minimizes administrative workload.
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Adoption of superior AI and device learning technologies: Major players within
the market are focusing on developing sophisticated chatbots using advanced
technologies. Advanced chatbots have the potential to adapt their responses
based on previous conversational data, improving their communique abilities.
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- Sensely Inc.
- MD
- Buoy Health Inc.
- Healthtap Inc.
- Anthropic
- Baidu
- Babylon Healthcare Service Limited
- Infermedica
- PACT Care BV
The release of advanced LLMs such as GPT-4 occurred in early 2023,
expanding the capabilities of Chat. These LLM-powered chatbots can handle more
complex questions.
Senior Client Partner – Business Development
Coherent Market Insights