Global Healthcare Chatbot Market

Global Healthcare Chatbot Marketwas valued US$115.0 Mn in 2017 and is estimated to reach US$520.2 Mn by 2026 at a CAGR of 20.12%. Healthcare chatbots market is segmented by component, by deployment model, by application and by region. Component is split into Software and Service. Deployment model divided into cloud & On-premises. Based on application classified into Symptom check, Medical assistance, Appointment booking. Region wise the market is divided into North America, Europe, Asia Pacific, Middle East & Africa and Latin America. Chatbot ecosystem has various cross-linking features, for performance enhancement in different applications. For instant customer interaction, most of the companies preferably use in-built chatbots. Chatbot refers to an interactive application which utilizes a set of rules and the artificial intelligence for interacting with humans through the textual conversation process, it facilitates assisting users in different sectors. Rising Internet connectivity and adoption of smart devices and the need for virtual assistance are factors driving the market. Concerns regarding data privacy, lack of expertise for chatbot development, and lack of awareness pose a significant challenge to the market growth. Based on component, Software segment is expected to account for a larger share in 2018 as compared to the services segment. Enhanced technological features in chatbot software, such as Natural Language Processing (NLP), multilingual capabilities, interference engine, cloud-based deployment, Application Programming Interface (API), mobile platform compatibility, and single point of search is propelling the growth of the software segment. On basis of deployment model, Cloud-based healthcare chatbot solutions are sold on the basis of subscription, ranging from one month to multiple years, and these solutions do not require significant setup charges. Maintenance and support service charges are included in the subscription fees, which make these solutions more affordable for customers. In terms of region, Europe is expected to lead the healthcare chatbots market during the forecast period. Dominance of the European market can be attributed to the collaborations between key industry players and healthcare providers for the implementation of healthcare chatbots in various European countries and the growing awareness and benefits of healthcare chatbots. Key players of market includes Your.MD, HealthTap Inc, Sensely, Inc., Buoy Health, Inc., Infermedica, Babylon Healthcare Service Limited, Baidu, Inc., Ada Digital Health Ltd., PACT Care BV, Woebot Labs, Inc., and GYANT.Com, Inc. Scope of Report Global Healthcare chatbot Market Global Healthcare chatbot Market, by Component: • Software • Service Global Healthcare chatbot Market, by Deployment Model: • Cloud • On-premise Global Healthcare chatbot Market, by Application: • Symptom check • Medical assistance • Appointment booking Global Healthcare chatbot Market, by Region: • North America• Europe • Asia Pacific • Middle East & Africa • Latin America

Key Players, Global Healthcare chatbot Market:

• Your.MD • Healthtap, Inc. • Sensely, Inc. • Buoy Health, Inc. • Infermedica • Babylon Healthcare Services Limited • Baidu • Ada Digital Health, Ltd. • PACT Care BV • Woebot Labs, Inc. • GYANT.Com, Inc.

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