Connect with us
MARE BALTICUM Gaming & TECH Summit 2024

Artificial Intelligence

The Worldwide Healthcare Virtual Assistants Industry is Expected to Reach $6 Billion by 2026

Published

on

Dublin, Aug. 31, 2021 (GLOBE NEWSWIRE) — The “Healthcare Virtual Assistants Market 2021-2026” report has been added to ResearchAndMarkets.com’s offering.

The global market for healthcare virtual assistants should grow from $1.1 billion in 2021 to $6.0 billion by 2026, at a compound annual growth rate (CAGR) of 39.5% for the period of 2021-2026.

The smart speakers as a segment of the healthcare virtual assistants market should grow from $813.1 million in 2021 to $4.4 billion by 2026, at a CAGR of 40.1% for the period of 2021-2026.

Chatbots as a segment of the healthcare virtual assistants market should grow from $317.3 million in 2021 to $1.6 billion by 2025, at a CAGR of 37.8% for the period of 2021-2026.

Report Scope

This report provides a detailed description of healthcare virtual assistants and the latest technologies in the market. The report includes market estimates for different types of healthcare virtual assistants. The report also includes recent technological developments and assessments of product performance in the market.

Based on device type, the market for Healthcare Virtual Assistants is segmented into smart speakers and chatbots.

Based on technology, the market for Healthcare Virtual Assistants is segmented as automatic speech recognition, text-based, and text-to-speech.

Based on end-users, the market for Healthcare Virtual Assistants is segmented into healthcare providers, healthcare payers, patients, and other end users (pharmacies, research organizations, etc.).

The report discusses the qualitative and quantitative factors influencing the market growth. Market drivers, restraints, and opportunities are discussed in the report.

This report discusses some of the major drivers and restraints in the global market for Healthcare Virtual Assistants, as well as the competition and the key players’ strategies and performances. The discussion is focused on the major market players, trends in product launches, collaborations, and mergers and acquisitions. The report also includes company profiles of major vendors including company overview, key product offerings, financial statistics and recent developments. The report provides insights on market shares and upcoming regional demand for healthcare virtual assistants.

Some of the major market players discussed in the report are Nuance Communications Inc., Amazon, Verint Systems Inc., Infermedica, Sensely Inc., and ADA Digital Health. For market estimates, data have been provided for the 2019 as the base year, with forecasts for 2021 through 2026. Estimated values used are based on manufacturers’ total revenues. Projected and forecasted revenue values are in constant U.S. dollars, unadjusted for inflation.

The Report Includes

  • 47 tables
  • An overview of the global market for healthcare virtual assistants
  • Estimation of the market size and analyses of the global market trends, with data from 2019-2021 with a projection of CAGR through 2026
  • Highlights of the market potential for healthcare virtual assistants by product, technology, end-user, and region
  • Identification of new opportunities, challenges, and technological changes within the industry and detailed analysis of the current market trends, and market forecast
  • Detailed description of artificial intelligence and machine learning in healthcare; information on AI-powered chatbots and healthcare chatbots; and coverage of robot-assisted surgery and its advantages
  • An overview of intelligent virtual assistants, their key benefits, key features and latest trends, and discussion on potential issues with intelligent virtual assistant software
  • Details about cybersecurity applications of AI in healthcare, and discussion on emerging concerns over the security of patient data and major advantages like providing budget-friendly solutions for healthcare organizations processes
  • Insights into regulatory aspects such as health insurance portability and accountability act of 1996 (HIPAA) and HITRUST CSF compliance
  • Comprehensive profiles of leading companies Amazon.com Inc., Babylon, eGain Corp., HealthTap Inc., Microsoft Corp., and Sensely Inc.

The rising number of smartphone users and the increasing use of healthcare applications across the globe is one of the key factors driving the market for Healthcare Virtual Assistants. The rising demand for superior healthcare delivery and the increasing prevalence of chronic diseases are some of the key factors that can be attributed to the growth of the market.

Reasons for Doing This Study

The COVID-19 outbreak has put enormous stress on the healthcare sector globally. With no established treatment, an exponential increase in cases, reduced resources and susceptibility of medical staff to catching the virus, the industry found itself striving to handle the crises. In this scenario, intelligent virtual assistants (IVA) in healthcare emerged. The technology has helped in coping with the COVID-19 pandemic. This study also highlights the potential growth of the market. The market players are thoroughly discussed. The research will provide a detailed overview of the market players, market shares, partnerships, mergers and acquisitions and financials.

Key Topics Covered:

Chapter 1 Introduction

Chapter 2 Summary and Highlights

Chapter 3 Market and Technology Background

  • Artificial Intelligence and Machine Learning: Overview
  • What is Artificial Intelligence?
  • What Is Machine Learning?
  • What is Natural Language Processing?
  • Artificial Intelligence in Healthcare
  • Virtual Assistants for Patients and Healthcare Workers
  • AI-Powered Chatbots
  • Robots for Explaining Lab Results
  • Robot-Assisted Surgery
  • Automated Image Diagnosis with AI/ML
  • AI-Powered Personal Health Companions
  • Oncology-Detecting Skin Cancer with AI
  • AI in Pathology
  • Rare Diseases Detection with AI
  • Cybersecurity Applications of AI in Healthcare
  • Medication Management with AI and ML
  • Health Monitoring with AI and Wearables
  • Intelligent Virtual Assistants: Overview
  • Key Benefits of Intelligent Virtual Assistants
  • Why Use Intelligent Virtual Assistants?
  • Key Features of Intelligent Virtual Assistants
  • Trends Related to Intelligent Virtual Assistants
  • Potential Issues with Intelligent Virtual Assistants Software
  • Healthcare Chatbots
  • Healthcare Chatbot Applications
  • Regulatory Aspects
  • Health Insurance Portability and Accountability Act of 1996 (HIPAA)
  • HITRUST CSF Compliance
  • Digital Health Regulations in the Asia-Pacific Region

Chapter 4 Impact of COVID-19

  • Overview
  • Reasons for Virtual Assistants Gaining Popularity During the COVID-19 Pandemic
  • Sudden Demand for Experienced Remote Workers
  • Virtual Assistants Help Compensate for Revenue Loss
  • Need for Quick and Flexible Service
  • On-demand Professional Expertise
  • Freedom to Mix and Match Skill Sets
  • Readiness of the Health System
  • Readiness of Technology Providers
  • Impact of Virtual Assistants in Post-COVID Health Delivery
  • Conclusion

Chapter 5 Market Dynamics

  • Market Drivers
  • Rising Number of Smartphone Users and the Increasing Use of Healthcare Applications
  • Increasing Demand for Excellent and Superior Healthcare Delivery
  • Increasing Prevalence of Chronic Diseases
  • COVID-19 Outbreak to Boost the Acceptance of Healthcare Virtual Assistants
  • Market Restraints
  • Emerging Concerns Over the Security of Patient Data and the Absence of Structured Data in the Healthcare Sector
  • Market Opportunities
  • Multi-Language Assistance in Healthcare Virtual Assistant Tools
  • Growing Focus on Improving Conversational Virtual Assistant Tools
  • Competitive Landscape
  • Nuance Communications Inc.
  • Amazon
  • Verint Systems Inc.

Chapter 6 Market Breakdown by Product

  • Global Market for Healthcare Virtual Assistants by Product
  • Smart Speakers
  • Chatbots

Chapter 7 Market Breakdown Technology

  • Global Market for Healthcare Virtual Assistants by Technology
  • Automatic Speech Recognition
  • Text-Based
  • Text-To-Speech

Chapter 8 Market Breakdown by End User

  • Global Market for Healthcare Virtual Assistants by End User
  • Healthcare Providers
  • Healthcare Payers
  • Patients
  • Other End Users

Chapter 9 Market Breakdown by Region

  • Global Market for Healthcare Virtual Assistants by Region
  • North America
  • Europe
  • Asia-Pacific
  • Latin America

Chapter 10 Company Profiles

  • Amazon.Com Inc.
  • ADA Health
  • Babylon Healthcare Services Ltd.
  • Egain Corp.
  • Healthtap Inc.
  • Infermedica
  • Kognito
  • Medrespond Llc
  • Microsoft Corp.
  • Nuance Communications Inc.
  • Sensely Inc.
  • Verint Systems Inc.

Chapter 11 Appendix: Acronyms

For more information about this report visit https://www.researchandmarkets.com/r/oskcyi


GlobeNewswire is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.

Artificial Intelligence

First Comprehensive Report on Public Web Data Released by Bright Data

Published

on

first-comprehensive-report-on-public-web-data-released-by-bright-data

Reveals necessity in every industry
NEW YORK, April 23, 2024 /PRNewswire/ — Released today, The State of Public Web Data Report 2024, details a comprehensive analysis on how organizations leverage public web data to drive innovation, enhance customer experience, and develop AI models.

Bright Data commissioned an independent third-party to carry out the first survey of this kind which details the emergence of public web data as the most valued data type. Nearly every organization surveyed uses and benefits from public web data through quicker decision-making, boosting revenue, and meeting customer needs.
The need for public web data in AI is clear in all industries, with more than half of respondents using public web data to build AI models for customer service or to meet internal needs such as fraud detection and risk assessment.
Although necessary to build AI machines, 72% of respondents are worried that public web data will no longer be accessible in the next 5 years. The lack of a legal framework to protect this data emerged as a top concern.
Other key insights from the report:
89% of respondents recognize public web data is crucial or very important to the global economy.82% of respondents say public web data is critical to the future of their organization.79% of respondents agree that large organizations and or big tech hide too much of their public web data.88% of respondents believe public web data is critical for the development of AI models.”Our findings reveal a clear consensus among industry leaders: leveraging public web data is key to unlocking growth and fostering innovation,” said Or Lenchner, CEO of Bright Data. “Public web data is not a ‘like to have,’ it’s a ‘must have’ to conduct business and maintain a competitive market. We understand from our own experience with 20,000 customers that once a business realizes the potential of public web data they will look to discover new ways to leverage this tool to lead against the competition.”
About Bright Data: Bright Data is the #1 web data platform. Fortune 500 companies, academic institutions, non-profits, and small businesses rely on Bright Data’s solutions to collect public web data in the most efficient, reliable, and flexible way to make faster, more informed business-critical decisions.
Contacts:[email protected]
Logo – https://mma.prnewswire.com/media/2276620/Bright_Data_logo__1044x234_Logo.jpg 

View original content:https://www.prnewswire.co.uk/news-releases/first-comprehensive-report-on-public-web-data-released-by-bright-data-302124673.html

Continue Reading

Artificial Intelligence

OSIA becomes an official International Telecoms Union (ITU) standard

Published

on

osia-becomes-an-official-international-telecoms-union-(itu)-standard

ITU Standardization Sector (ITU-T) Recommendation X.1281 – APIs for interoperability of identity management systems
BRUSSELS, April 23, 2024 /PRNewswire/ — The Secure Identity Alliance (SIA) announced today that its OSIA specification, is recognized as international standard by the International Telecommunication Union’s Telecommunication Standardization Sector (ITU-T). This milestone establishes OSIA as official ITU standard (ITU-T Recommendation) for the global infrastructure of information and communication technologies (ICT).

The specification that is now an ITU-T Recommendation is: ITU-T X.1281 – APIs for interoperability of identity management systems.
ITU-T is the standardization arm of ITU, the United Nations specialized agency for ICT. The Secure Identity Alliance specifications were approved as official ITU-T Recommendations by ITU members including 193 countries and the world’s front-running ICT companies on 1st March 2024. The new ITU-T Recommendation is under the responsibility of ITU’s standardization expert group for security, ITU-T Study Group 17.
“We are very proud that the OSIA specification is recognized as an international standard by ITU-T. This milestone demonstrates the maturity of OSIA and its potential to foster interoperability and promote fairness in the identity management systems market,” said Debora Comparin, Chair of the OSIA Initiative.
Prof. Heung Youl Youm, Chairman of ITU-T Study Group 17, said, “The recognition of the OSIA specification as an official ITU-T Recommendation underscores its critical contribution to the advancement of global ICT infrastructure. We are thrilled about the ongoing collaboration between ITU-T SG17 and the SIA, aimed at developing standards for secure identity management.”
“As Editor of the OSIA standard in the ITU-T Study Group 17 Q10, I am pleased to have contributed to this successful recommendation by the ITU,” said Abbie Barbir, Rapporteur for ITU-T’s working group on ‘Identity management and telebiometrics architecture and mechanisms’ (Q10/17). “The collaboration with the SIA continues on OSIA and other structuring initiatives and standards development.”
Engr Abisoye Coker-Odusote, CEO, National Identity Management Commission (NIMC), Nigeria & Chair of the OSIA Advisory Committee, said, “As the Chair of the OSIA Advisory Committee, comprised exclusively of government representatives, we take great pride in our five years of collaboration guiding the working group in the development of the OSIA specification. OSIA establishes equal marketplace conditions, fosters collaboration, and ensures product compatibility post-mergers and acquisitions. The OSIA standardized interfaces drive innovation, enabling new local market models and reducing fraud within multiple ID systems. Additionally, OSIA addresses integrator/vendor lock-in, allowing governments to maintain control over their identity systems and pursue national development agendas seamlessly.”
“The Secure Identity Alliance has always supported standards and its members have contributed to thousands of standards globally, which are now used in the ICT market. Standards are key to unlock the full power of Identity to enable people, economy and society to thrive,” concluded Didier Trutt, Chairman of the SIA.
X.1281 is at publication stage and can be accessed here: https://www.itu.int/ITU-T/workprog/wp_item.aspx?isn=18778
OSIA v6.1.0. twin specification can be accessed here: https://osia.readthedocs.io/en/v6.1.0/index.html 
OSIA qualification programme can be accessed here: https://globalplatform.org/osia-qualification-program/
For more information on the Secure Identity Alliance and the OSIA Initiative, visit http://www.secureidentityalliance.org and www.osia.io
For more information on ITU-T SG 17 visit https://www.itu.int/en/ITU-T/studygroups/2022-2024/17/Pages/default.aspx.
About the Secure Identity Alliance:
Secure Identity Alliance (SIA) is a global non-profit association that serves as the voice for public and private actors and organizations active in the secure identity ecosystem and adjacent industries. SIA’s mission is to unlock the full power of identity so that people, economy, and society thrive. The association supports the development of the activities of its members across four broad pillars: Identity for Good, Outreach, Open Standards Development and Industry Services and Solutions. www.secureidentityalliance.org
About OSIA:
A digital public good, OSIA is an open standard set of interfaces (APIs) that enables seamless connectivity between building blocks of the identity management ecosystem – independent of technology, solution architecture or vendor.  More information at www.osia.io
Follow the Secure Identity Alliance at on X @secureidentity1 and LinkedIn at https://www.linkedin.com/company/secure-identity-alliance/ 
About ITU-T SG 17
The ITU Telecommunication Standardization Sector (ITU-T) is one of the three Sectors (branches) of the International Telecommunication Union (ITU). It is responsible for coordinating standards for telecommunications and Information Communication Technology such as X.509 for cybersecurity, Y.3172 and Y.3173 for machine learning, and H.264/MPEG-4 AVC for video compression, between its Member States, Private Sector Members, and Academia Members.
Logo: https://mma.prnewswire.com/media/2394623/OSIA_Logo.jpg
 

View original content:https://www.prnewswire.co.uk/news-releases/osia-becomes-an-official-international-telecoms-union-itu-standard-302124668.html

Continue Reading

Artificial Intelligence

SciBase will present at the Redeye Medtech Event on April 24th

Published

on

scibase-will-present-at-the-redeye-medtech-event-on-april-24th

STOCKHOLM, April 23, 2024 /PRNewswire/ — SciBase Holding AB (“SciBase”) (STO: SCIB), a leading developer of augmented intelligence-based solutions for skin disorders will participate at the Redeye Medtech event.

On April 24 at CET 9.50 CEO Pia Renaudin will present the latest developments in SciBase at Redeye. The presentation is live broadcasted and can be followed at https://www.redeye.se/events/974326/redeye-theme-medtech-2 where the replay and the presentations will be available afterwards.
For additional information, please contact:Pia Renaudin, VD, tel. +46732069802, e-mail: [email protected]
Certified Advisor (CA):Vator SecuritiesTel: +46 8 580 065 99Email: [email protected]
About SciBase:
SciBase is a global medical technology company, specializing in early detection and prevention in dermatology. SciBase develops and commercializes Nevisense, a unique point-of-care platform that combines AI (artificial intelligence) and advanced EIS technology to elevate diagnostic accuracy, ensuring proactive skin health management.
Our commitment is to minimize patient suffering, allowing clinicians to improve and save lives through timely detection and intervention and reduce healthcare costs.
Built on more than 20 years of research at Karolinska Institute in Stockholm, Sweden, SciBase is a leader in dermatological advancements.
The company has been on the Nasdaq First North Growth Market exchange since June 2, 2015. Learn more at www.scibase.com. All press releases and financial reports can be found here: http://investors.scibase.se/en/pressreleases
This information was brought to you by Cision http://news.cision.com
https://news.cision.com/scibase/r/scibase-will-present-at-the-redeye-medtech-event-on-april-24-th-,c3966053
The following files are available for download:
https://mb.cision.com/Main/12371/3966053/2751965.pdf
Redeye presentation
 

View original content:https://www.prnewswire.co.uk/news-releases/scibase-will-present-at-the-redeye-medtech-event-on-april-24th-302124656.html

Continue Reading

Trending