Healthcare Chatbots Market Size, Share Global Analysis Report, 2021 – 2026

Industry Insights

[227+ pages Report] The latest finding surrounding the Global Healthcare Chatbots Market published by Facts & Factors offers a neatly packaged and comprehensive read. In this report, the global healthcare chatbots market is expected to reach a projected value of USD 702.1 Million by 2026 with a growth rate of 24.9% CAGR from an initial value of  USD 197.2 Million in the year of 2020.

Market Overview

Healthcare chatbots are destined PC programs that have the ability to trigger a human-like connection or discussion with the aid of computerized reasoning or purview. The current generation of healthcare-related chatbots responds as if an actual human is present on the other side with innovative solutions and a serious coding outlook. These chatbots often rely upon the utilization of web-based solutions which make the possibility of executing them from one side of the planet to another.

Industry Growth Factors

The global healthcare chatbots market is expected to register a higher market value during the advent of the forecast period owing to rising internet connectivity measures owing to a higher rate of smart device adoption coupled with increasing company initiatives to boost an increased usage of healthcare chatbots to name a few. Additionally, rising needs and demands from virtual health assistive methods coupled with the rising integration of social media-based chatbots will increase the footprint of the global healthcare chatbots market during the advent of the forecast period. Moreover, rising cloud-based models coupled with the increasing inclination of rising trust among users toward these chatbots will boost the growth of the global healthcare chatbots market during the advent of the forecast period.

The global healthcare chatbots market is driven by increased adoption of IoT-based measures coupled with rising measures of advanced technologies such as ML and neural network-based approaches to name a few. Factors pertaining to the increasing number of smartphones coupled with the latter becoming more user-friendly and informative will fuel the growth of the global healthcare chatbots market during the advent of the forecast period. However, concerns regarding data privacy measures, lack of an expert skilled workforce, and lack of awareness and increasing misconceptions will hamper the growth of the global healthcare chatbots market during the advent of the forecast period.

Segmentation Analysis

The global healthcare chatbots market is segmented into component, deployment model, application, end-user, and region.

The global healthcare chatbots market is divided into software and services on the basis of components. The software segment is expected to witness the largest market share during the advent of the forecast period owing to the latter being pertaining to chatbot solutions coupled with a subscription-based payment mode to name a few. Based on deployment mode, the global healthcare chatbots market is bifurcated into on-premises and cloud-based. The segment pertaining to cloud-based deployment is expected to witness the largest market share during the advent of the forecast period owing to less initial investment costs coupled with more accessibility options and less customizable solutions toward setting up to name a few. Based on application, the global healthcare chatbots market is fragmented into symptom checking, medication assistance, appointment scheduling, and medical guidance. The segment pertaining to symptom checking is expected to witness the largest market share during the advent of the forecast period owing to the rising adoption of smartphones and increased internet connectivity measures to name a few. The global healthcare chatbots market is classified into patients, healthcare providers, insurance companies, and others on the basis of end-user. The segment pertaining to patients is expected to witness the largest market share during the advent of the forecast period owing to the rising need for self-monitoring approaches coupled with increasing awareness among consumers to name a few.

Report Scope

Regional Analysis

North America is expected to witness the largest market share during the advent of the forecast period owing to increased usage among the users in terms of mobile phone usage for gathering healthcare information coupled with a broadening usage of social media-based chatbots to name a few. Additionally, rising investment opportunities in the latter sector coupled with longer patient waiting times are expected to increase the footprint of the healthcare chatbots market during the advent of the forecast period. Factors such as increasing collaborations among the key market participants coupled with the rising number of government-based initiatives for tightening the healthcare sector will boost the growth of the healthcare chatbots market during the advent of the forecast period. The region of Asia-Pacific is expected to witness the fastest growing CAGR during the advent of the forecast period owing to a surge of embedding measures pertaining to healthcare chatbots coupled with a constantly evolving life science industry from emerging sectors such as India, China, and Malaysia to name a few.

Competitive Players

The key market participants for the global healthcare chatbots market are :

• Ada Digital Health Ltd.
• Ariana
• Babylon Healthcare Service Limited
• Buoy Health
• GYANT.com Inc.
• Infermedica S.p.A.
• Microsoft Corporation
• PACT Care B.V.
• Sense.ly Inc.
• Your.MD.
• Woebot
• HealthTap Inc.
• Baidu Inc.
• COM Inc.

By Component Segment Analysis

• Software
• Services

By Deployment Mode Segment Analysis

• On-Premises
• Cloud-Based

By Application Segment Analysis

• Symptom Checking
• Medication Assistance
• Appointment Scheduling
• Medical Guidance

By End User Segment Analysis

• Patients
• Healthcare Providers
• Insurance Companies
• Others

By Regional Segment Analysis

• North America
  • U.S.
  • Canada

• Europe
  • UK
  • France
  • Germany
  • Italy
  • Spain
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East and Africa
  • GCC Countries
  • South Africa
  • Rest of MEA