Health Intelligent Virtual Assistant Market Size

Health Intelligent Virtual Assistant Market Size

Health Intelligent Virtual Assistant Market size was valued at USD 424 million in 2020 and is expected to grow at a CAGR of 36.4% between 2021 and 2027. The market growth is attributed to the increasing popularity of virtual assistance in healthcare. The adoption rate of virtual assistance is noted to rise largely due to the advancement in artificial intelligence (AI) and machine learning. Also, health intelligent virtual assistant technology enables users to have smarter interaction, allowing people to get assistance while being time efficient, thus fundamentally transforming the market space.

The COVID-19 pandemic has disrupted all the major markets worldwide. However, the market has witnessed a positive growth amid the pandemic. Various government and public authorities across the globe have amended regulations pertaining to the implementation of digital health technologies for remote monitoring. This has led to a gush in the use of health intelligent virtual assistant technologies, thus stimulating the market progression. Also, the use of interactive virtual assistance has assisted in reducing the burden of the healthcare system, thereby fuelling the demand for health intelligent virtual assistant.