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Top Trends Driving the Global Healthcare Chatbots Market | Size Will Cross USD 431.47 Million by 2028 | Global Report by Vantage Market Research

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WASHINGTON, March 17, 2022 (GLOBE NEWSWIRE) — According to a new market research report ” Healthcare Chatbots Market Size, Share & Trends Analysis Report by Component (Software, Services), by Deployment Model (On-premise Model, Cloud-based Model), by Application (Symptom Checking & Medication Assistance, Appointment Scheduling & Medical Guidance), by End User (Patients, Healthcare Providers, Insurance Companies, Other End Users), by Region (North America, Europe, Asia Pacific, Latin America and Middle East & Africa) – Global Industry Assessment (2016 – 2021) & Forecast (2022 – 2028)”, published by Vantage Market Research, the global post COVID-19 market size of the Healthcare Chatbots Market is expected to grow from USD 184.60 Million in 2021 to USD 431.47 Million by 2028 at a CAGR of 15.20% during the forecast period.

Synopsis:

A chatbot is defined as an interactive application that utilizes artificial intelligence and a set of rules to interact with humans using a textual conversation process. It helps to assist users in numerous fields. The healthcare industry has always been an attractive industry for companies developing chatbot applications for clinicians and patients.

Growing demand for virtual health assistance is a major determinant driving the market growth, but the industry’s continuous innovation and technological advancements, increasing patient wait times and lack of patient engagement are leading to increasing adoption of Healthcare Chatbots Market. Advances in communication and information retrieval technologies such as chatbots have led to the continued development of voice-driven personal assistants. The market growth of voice personal assistants is attributed to the increased use of such devices by patients. Additionally, voice-driven personal assistants are expected to provide assistance or diagnostic services in real-time as needed, thereby providing immediate assistance or diagnosis to patients in a non-invasive manner. The Healthcare Chatbots Market has exploded in recent years due to the rapid expansion of smartphone use and access to affordable internet in different regions. With such advances, chatbots are also becoming more humane and efficient and can perform various tasks.

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Key Insights & Findings from the Report:

  • According to our primary respondents’ research, the Healthcare Chatbots market is predicted to grow at a CAGR of roughly 15.20% during the forecast period.
  • The Healthcare Chatbots market was estimated to be worth roughly USD 184.60 Million in 2021 and is expected to reach USD 431.47 Million by 2028; based on primary research.
  • On the basis of region, Asia-Pacific is projected to dominate the worldwide Healthcare Chatbots market.

List of Prominent Players in the Healthcare Chatbots Market

  • Your.MD (UK)
  • Health Tap, Inc. (US)
  • Sensely, Inc. (US)
  • Buoy Health, Inc. (US)
  • Infermedica (Poland)
  • Babylon Healthcare Service Limited (UK)
  • Baidu, Inc. (China)
  • Ada Digital Health Ltd. (Germany)
  • PACT Care BV (Netherlands)
  • Woebot Labs, Inc. (US)
  • and GYANT.Com, Inc. (US).

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Market Dynamics:

Drivers:

The major driving factors of the global healthcare chatbot market are the integration of AI with virtual assistants such as Amazon Alexa and Microsoft Cortana, the increasing consumerization of health care, and the need to improve healthcare services. Moreover, the advent of rising number of smartphone users worldwide and the increasing adoption of the internet among the people has increased demand for Healthcare Chatbots Market to a significant extent. These chatbots can perform a broad range of tasks, from grievance resolution to medical advice, and therefore have a vast market potential. Healthcare Chatbots Market are becoming more intuitive and informative with increasing technological advances in the sector. The increased literacy rate and technological improvements are also indicating a growing consumer confidence in virtual assistants, which will have a positive effect on the Healthcare Chatbots Market.

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Challenges:

The Healthcare Chatbots Market is currently suffering due to ignorance and misconceptions about chatbots, and the fact that it requires technical knowledge to operate and deprives a large segment of the population who are not technologically adept of its advantages. A large percentage of the world population is still out of reach of smartphones and affordable. Data privacy, security, lack of expertise for chatbot development and lack of awareness and misconceptions are still a major concern for global internet users, which will affect the Healthcare Chatbots Market. The remaining problems, such as less user-friendliness and limited use, are too slow-growing, but will improve with technological advances.

Read Full Research Report @ https://www.vantagemarketresearch.com/industry-report/healthcare-chatbots-market-1388

Regional Trends:

North America Healthcare Chatbots Market is expected to grow in terms of revenue due to rising internet connectivity, smart device adoption, and increasing need for virtual health care. The growing collaborations between key industry players and healthcare providers for the deployment of Healthcare Chatbots Market in various countries, increasing awareness of Healthcare Chatbots Market, and an increase in patient waiting times and inefficient patient engagement are reasons for market growth in this region. Asia-Pacific is also a rapidly-growing region. Rising technological innovations and increased smartphone penetration are the major growth drivers, along with an accelerating literacy rate and increased access to the internet. Europe Healthcare Chatbots Market accounts for moderate revenue share due to rising internet connectivity, smart device adoption, and increased need for virtual health care in countries in the region.

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The report on the Healthcare Chatbots Market highlights:

  • Assessment of the market
  • Premium Insights
  • Competitive Landscape
  • COVID Impact Analysis
  • Historic Data, Estimates, and Forecast
  • Company Profiles
  • Global and Regional Dynamics

Browse market data Tables and Figures spread through 154 Pages and in-depth TOC on “Healthcare Chatbots Market Size, Share & Trends Analysis Report by Component (Software, Services), by Deployment Model (On-premise Model, Cloud-based Model), by Application (Symptom Checking & Medication Assistance, Appointment Scheduling & Medical Guidance), by End User (Patients, Healthcare Providers, Insurance Companies, Other End Users), by Region (North America, Europe, Asia Pacific, Latin America and Middle East & Africa) – Global Industry Assessment (2016 – 2021) & Forecast (2022 – 2028)” View detailed Research Report here – https://www.vantagemarketresearch.com/press-release/healthcare-chatbots-market-market-939556

Key questions answered in the report:

  • Which regional market will show the highest and rapid growth?
  • Which are the top five players of the Healthcare Chatbots Market?
  • How will the Healthcare Chatbots Market change in the upcoming six years?
  • Which application and product will take a lion’s share of the Healthcare Chatbots Market?
  • What is the Healthcare Chatbots market drivers and restrictions?
  • What will be the CAGR and size of the Healthcare Chatbots Market throughout the forecast period?      

This market titled “Healthcare Chatbots Market” will cover exclusive information in terms of Geographic Segmentation, Forecast, Regional Analysis, Key Market Trends, and various others as mentioned below:

Parameter Details
Market Size in 2021 USD 184.60 Million
Projected Market Size in 2028 USD 431.47 Million
CAGR Growth Rate CAGR of 15.20% From 2022 – 2028
Market Size Provided for Years 2016-2028
Base Year 2021
Historic Years 2016-2020
Forecast Years 2022-2028
Segments Covered  
• Component
     • Software
     • Services

 • Deployment Model
     • On-premise Model
     • Cloud-based Model

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

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 • End User
     • Patients
     • Healthcare Providers
     • Insurance Companies
     • Other End Users

Region & Counties Covered  
• North America
     • U.S.
     • Canada
     • Mexico

 • Europe
     • U.K
     • France
     • Germany
     • Italy
     • Spain
     • Rest Of Europe

 • Asia Pacific
     • China
     • Japan
     • India
     • South Korea
     • South East Asia
     • Rest Of Asia Pacific

 • Latin America
     • Brazil
     • Argentina
     • Rest Of Latin America

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 • Middle East & Africa
     • GCC Countries
     • South Africa
     • Rest Of Middle East & Africa

Companies Covered  • Your.MD (UK)

 • HealthTap, Inc. (US)

 • Sensely, Inc. (US)

 • Buoy Health, Inc. (US)

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 • Infermedica (Poland)

 • Babylon Healthcare Service Limited (UK)

 • Baidu, Inc. (China)

 • Ada Digital Health Ltd. (Germany)

 • PACT Care BV (Netherlands)

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 • Woebot Labs, Inc. (US)

 • and GYANT.Com, Inc. (US).

Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, technology landscape, patent analysis, market attractiveness analysis by segments and North America, company market share analysis, and COVID-19 impact analysis

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The report can be customized as per client needs or requirements. For any queries, you can contact us on [email protected] or +1 (202) 380-9727. Our sales executives will be happy to understand your needs and provide you with the most suitable reports.

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Artificial Intelligence

Northern Data Group is first in Europe to acquire NVIDIA H200 GPUs

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First in Europe to acquire NVIDIA H200 GPUs – currently the most powerful GPUs on the market The deployment further expands the Group’s Generative AI CSP offering, already the largest in Europe Further demonstration of the Group’s continued commitment to providing best-in-class technologies FRANKFURT, Germany, July 1, 2024 /PRNewswire/ — Northern Data Group (Ticker symbol German stock market: NB2, ISIN: DE000A0SMU87), a leading provider of High-Performance Computing (HPC) solutions, today announces it has purchased NVIDIA H200 GPUs through a newly established partnership with Supermicro, a global leader in Application-Optimized Total IT Solutions.

Northern Data Group’s cloud platform, Taiga Cloud will be the first Cloud Service Provider (CSP) in Europe to offer access to the H200 GPU hardware, with delivery and deployment scheduled for Q4 2024. The partnership with Supermicro for the NVIDIA H200 GPUs will further build its HPC solutions and complement its existing offering of best-in-class GenAI technologies.
This purchase of the H200 GPUs demonstrates Northern Data Group’s commitment to offering the best-in-class technology to its customers, as it continues to expand its cloud solutions offering, while also maintaining its position as Europe’s first and largest dedicated Generative AI Cloud Service Provider.
The first full island of over 2,000 NVIDIA H200 GPUs utilizing BlueField-3 data processing units (DPUs) and NVIDIA Mellanox CX7 NICs, to deliver 32 petaFLOPS of performance. The configuration of NVIDIA-referenced architecture allows customers to access more bandwidth, faster, and more efficient data storage access. The H200 GPUs will be housed in one of Northern Data Group’s European data centers, powered by carbon-free, renewable energy and boast a Power Usage Effectiveness ratio of less than 1.2.
Aroosh Thillainathan, Founder and CEO, Northern Data Group, commented:
“Our GenAI platform is constantly evolving and we are proud to collaborate with Supermicro to be the first in Europe to offer access to NVIDIA H200 GPUs. This is testament to our commitment to continually offer industry-leading, next-generation solutions. 
“As an Elite Partner of NVIDIA, we are proud to continue to offer cutting-edge technology, deployed in line with recommended architecture references to maximize the technology.” 
Vik Malyala, President & Managing Director, EMEA; SVP, Technology & AI, Supermicro commented:
“We are excited to collaborate with Northern Data Group to expand its GenAI Cloud offering to include Supermicro GPU servers based on latest Nvidia H200 HGX GPUs.  Supermicro is fully committed to delivering most performant and energy efficient AI infrastructure and solutions, and this collaboration will accelerate availability and bring the best value for customers in Europe.”
About Northern Data Group: 
Northern Data Group (ETR: NB2) is a leading provider of High-Performance Computing (HPC) solutions to businesses and research institutions, utilizing GPU- and ASIC-based solutions. Our flexible compute power fuels innovation in our three core business platforms: Taiga Cloud, Ardent Data Centers, and Peak Mining. Through our HPC solutions, we pioneer ambitious computing innovation that drives progress in the AI, ML and Generative AI industries. Our close collaboration with industry-leading manufacturers including Gigabyte, AMD, and NVIDIA is fundamental to the acceleration of innovation across sectors including life sciences, financial services, and energy. 
About Taiga Cloud:
Taiga Cloud, a Northern Data Group platform, is Europe’s first and largest Generative AI Cloud Service Provider. We provide a flexible, secure and compliant cloud-based ultra-fast GPU Network, engineered to meet organizations’ most ambitious compute needs. Taiga Cloud recognizes that high-intensity, large-scale processing power is crucial for accelerating Generative AI models and research which will deliver a new era of technological breakthroughs. Taiga’s energy-efficient Cloud is powered by Europe’s largest cluster of NVIDIA A100 Tensor Core and H100 Tensor Core GPUs, helping enable organizations to accelerate AI and ML innovation on demand, with technology that is fully scalable.

View original content:https://www.prnewswire.co.uk/news-releases/northern-data-group-is-first-in-europe-to-acquire-nvidia-h200-gpus-302185926.html

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Artificial Intelligence

Dawn Health and Merck are collaborating to support Growth Disorders care

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COPENHAGEN, Denmark, July 1, 2024 /PRNewswire/ — Dawn Health, the digital health company pioneering patient-first innovation, has announced they are working with leading global pharmaceutical company, Merck, on a digital solution for Growth Hormone Disorders (GHD).

Over the next two years, they will join forces to deliver a cutting-edge, user-centric digital platform, designed to help improve the lives of tens of thousands of patients across more than 40 countries.
By harnessing the latest AI technologies, the collaboration will also involve exploring the integration of features such as growth predictions and advanced personalization into the digital product, with excitement about AI and its potential for impact on user experience, adoption, adherence, and treatment outcomes. The digital solution will provide support to children and young adults living with GHD, as well as providing tools and support to their caregivers, both at home and in a clinical setting. 
With a shared commitment to improving patient lives, the collaboration will focus on patient-centricity to deliver an intuitive, engaging product that supports users and caregivers throughout their treatment journey. This means speaking with patients to truly understand their unmet needs and how the solution can best address these, as well as hearing from caregivers and healthcare professionals about how to best empower and support those living with GHD.
The collaboration is already off to a strong start, with workshops and inspiring discussions happening between the teams at Dawn Health and Merck, as they work together to deliver a cutting-edge platform on a global scale to improve the lives of people living with Growth Hormone Disorders.
About Merck
Merck, a leading science and technology company, operates across life science, healthcare and electronics. Around 63,000 employees work to make a positive difference to millions of people’s lives every day by creating more joyful and sustainable ways to live. From providing products and services that accelerate drug development and manufacturing as well as discovering unique ways to treat the most challenging diseases to enabling the intelligence of devices – the company is everywhere. In 2023, Merck generated sales of € 21 billion in 65 countries. Scientific exploration and responsible entrepreneurship have been key to Merck’s technological and scientific advances. This is how Merck has thrived since its founding in 1668. The founding family remains the majority owner of the publicly listed company. Merck holds the global rights to the Merck name and brand. The only exceptions are the United States and Canada, where the business sectors of Merck operate as MilliporeSigma in life science, EMD Serono in healthcare, and EMD Electronics in electronics.
All Merck press releases are distributed by e-mail at the same time they become available on the Merck website. Please go to www.merckgroup.com/subscribe to register online, change your selection or discontinue this service.
About Dawn Health
Dawn Health is a global leader in digital health, specializing in the development of software as a medical device (SaMD) and digital therapeutics (DTx). Partnering with pharmaceutical companies, Dawn Health accelerates the launch of digital solutions to change the lives of people with chronic conditions.
Media Contacts
For questions about [email protected] 
For questions about Dawn HealthChristopher Kold, [email protected]
 

View original content:https://www.prnewswire.co.uk/news-releases/dawn-health-and-merck-are-collaborating-to-support-growth-disorders-care-302184356.html

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Transforming Healthcare with AI: Yidu Tech’s Gong Rujing at Summer Davos

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DALIAN, China, July 1, 2024 /PRNewswire/ — “AI in healthcare is extremely challenging. For companies, it requires not only solving scientific problems but also understanding AI technology and respecting the complexity of the healthcare industry.” At the 15th Annual Meeting of the New Champions, also known as Summer Davos, Ms. Gong Rujing (Yingying), Chairwoman and Founder of Yidu Tech, was invited as a distinguished representative of the healthcare technology sector. She shared her unique insights into the future of AI in healthcare during the thematic dialogue on “Healthcare Analytics, Not Moving Fast Enough.”

This year marks the 10th anniversary of Yidu Tech and Ms. Gong Rujing’s decade-long dedication to the healthcare industry. From the inception of her entrepreneurial journey 10 years ago, she has been driven by the mission to leverage the power of technology to deliver precise healthcare to every individual.
Ms. Gong described the past decade as a journey filled with miracles and achievements. During this period, Yidu Tech has progressively established close collaborations with key stakeholders in the healthcare industry, including government agencies, hospitals, pharmaceutical companies, insurance firms, experts, and clinicians. As of March 31, 2024, Yidu Tech’s “AI Medical Brain” YiduCore has been authorized to process and analyze over 5 billion medical records, covering more than 2,500 hospitals.
In AI-powered clinical research, Yidu Tech has supported researchers and clinicians in producing over 240 high-level papers, accelerating the application of research outcomes. Additionally, Yidu Tech provides clinical trial services to globally renowned pharmaceutical companies, helping them optimize trial processes, reduce costs, and bring new drugs to market more swiftly, ultimately benefiting patients. In healthcare management, Yidu Tech’s AI technology plays a crucial role by analyzing vast amounts of medical data to provide comprehensive decision support to healthcare administrators, helping them optimize resource allocation and improve service efficiency.
“We are now entering a new era of AI technology.” The development of large language model technologies has opened up new possibilities across various industries. Yidu Tech has independently developed a large language model specific to the medical field and is advancing its application across the entire healthcare industry chain. The goal is to promote further progress and innovation through new AI technologies. However, Ms. Gong also emphasized that the healthcare industry is professional, complex, and sensitive, and the application of new technologies must address challenges such as data security, privacy protection, and ethics.
“Data security and privacy protection are fundamental to the development of AI technology and medical big data technology. We must ensure that all stakeholders are satisfied with compliance, security, accessibility, and privacy protection.”
“AI technology still has a long way to go.” She called on policymakers, healthcare institutions, and technology companies to work together to realize the immense potential of healthcare data. Ms. Gong highlighted that building trust is key, and enhancing data operability is essential to fully unleash the power of data. “It’s not just about better data quality; it’s about a better future for health.”

View original content:https://www.prnewswire.co.uk/news-releases/transforming-healthcare-with-ai-yidu-techs-gong-rujing-at-summer-davos-302186561.html

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