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Healthcare Virtual Assistance Market Size & Share to Surpass $3,125.1 Million by 2028 | Vantage Market Research

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WASHINGTON, April 04, 2023 (GLOBE NEWSWIRE) — The Global Healthcare Virtual Assistance Market is valued at USD 415.1 Million in 2021 and is projected to reach a value of USD 3,125.1 Million by 2028 at a CAGR (Compound Annual Growth Rate) of 35.6% over the forecast period 2022-2028.

Market Overview

The growth of the market is attributed to the increasing adoption of virtual assistants in the healthcare industry. Virtual assistants are used for a variety of purposes in the healthcare industry, such as scheduling appointments, providing patient education, and managing chronic conditions.

The market is segmented on the basis of product, technology, end user, and region. Based on product, the market is segmented into chatbots and smart speakers. Chatbots are the most widely used type of virtual assistant in the healthcare industry. Smart speakers are gaining popularity in the healthcare industry due to their convenience and ease of use.

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Market Dynamics

  • Increasing adoption of virtual assistants in the healthcare industry
  • Rising demand for personalized healthcare services
  • Growing need for remote patient monitoring
  • Increasing prevalence of chronic diseases
  • Rising demand for cost-effective healthcare solutions

Growth of the market is being challenged

  • Lack of awareness about virtual assistants
  • Security and privacy concerns
  • Lack of integration with existing healthcare systems
  • High cost of implementation and maintenance

The key recommendations for the players operating in the market:

  • Focus on developing innovative and user-friendly virtual assistants
  • Partner with healthcare providers to offer virtual assistant services
  • Invest in research and development to improve the accuracy and efficiency of virtual assistants
  • Address the security and privacy concerns of patients and healthcare providers
  • Integrate virtual assistants with existing healthcare systems
  • Offer affordable virtual assistant services

Top Players in the Global Healthcare Virtual Assistance Market

  • Nuance Communications Inc.
  • CodeBaby Corporation
  • eGain Corporation
  • Kognito
  • Microsoft Corporation
  • MedRespond
  • CSS Corporation
  • Next IT Corporation
  • True Image Interactive Inc.
  • and Welltok Inc.

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Top Report Findings

  • Based on technology, the market is segmented into automatic speech recognition, text-to-speech, and text-based. Automatic speech recognition is the most widely used technology in the healthcare virtual assistant market. Text-to-speech is gaining popularity in the healthcare industry due to its convenience and ease of use. Text-based virtual assistants are used for providing information and answering questions.
  • Based on end user, the market is segmented into healthcare providers, patients, and healthcare payers. Healthcare providers are the largest end user of virtual assistants in the healthcare industry. Patients are the second largest end user of virtual assistants in the healthcare industry. Healthcare payers are the smallest end user of virtual assistants in the healthcare industry.
  • Based on region, the market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World. North America is the largest market for healthcare virtual assistants. Europe is the second largest market for healthcare virtual assistants. Asia-Pacific is the fastest growing market for healthcare virtual assistants.

Top Trends in Global Healthcare Virtual Assistance Market

  • Increasing adoption of virtual assistants in the healthcare industry – The healthcare industry is one of the fastest-growing industries in the world. The increasing demand for healthcare services is driving the adoption of virtual assistants in the healthcare industry. Virtual assistants can help healthcare providers to improve the efficiency of their operations and provide better care to patients.
  • Rising demand for personalized healthcare services – Patients are increasingly demanding personalized healthcare services. Virtual assistants can help healthcare providers to provide personalized healthcare services to patients. Virtual assistants can collect data from patients and use this data to create personalized care plans for patients.
  • Growing need for remote patient monitoring – Remote patient monitoring is a growing trend in the healthcare industry. Virtual assistants can help healthcare providers to monitor patients remotely. Virtual assistants can collect data from patients and send this data to healthcare providers. This helps healthcare providers to provide better care to patients.
  • Increasing prevalence of chronic diseases – Chronic diseases are a major health problem in the world. The increasing prevalence of chronic diseases is driving the adoption of virtual assistants in the healthcare industry. Virtual assistants can help patients to manage chronic diseases. Virtual assistants can remind patients to take their medications and provide them with information about their condition.
  • Rising demand for cost-effective healthcare solutions – The healthcare industry is a costly industry. The rising demand for cost-effective healthcare solutions is driving the adoption of virtual assistants in the healthcare industry. Virtual assistants can help healthcare providers to reduce costs. Virtual assistants can automate tasks and reduce the need for human intervention.
  • Advancements in artificial intelligence (AI) – Advancements in artificial intelligence (AI) are driving the adoption of virtual assistants in the healthcare industry. AI is used to develop virtual assistants that can understand human language and provide intelligent responses. AI is also used to develop virtual assistants that can learn and adapt to new situations.
  • Increased focus on patient engagement – Patient engagement is a key focus area for healthcare providers. Virtual assistants can help healthcare providers to engage with patients. Virtual assistants can provide information to patients, answer questions, and resolve issues.
  • Regulatory support – Governments are supportive of the adoption of virtual assistants in the healthcare industry. Governments are providing regulatory support to the development and use of virtual assistants in the healthcare industry. This is driving the adoption of virtual assistants in the healthcare industry.

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Regional Analysis

North America, Europe, Asia Pacific, and the Rest of the World. North America is the largest market for healthcare virtual assistants, followed by Europe and Asia Pacific. The Rest of the World is expected to grow at the highest CAGR during the forecast period.

  • The growth of the healthcare virtual assistant market in North America is attributed to the increasing adoption of virtual assistants in the healthcare industry. The United States is the largest market for healthcare virtual assistants in North America. The growth of the market in the United States is attributed to the increasing demand for personalized healthcare services, the rising prevalence of chronic diseases, and the growing need for remote patient monitoring.
  • The growth of the healthcare virtual assistant market in Europe is attributed to the increasing adoption of virtual assistants in the healthcare industry. Germany is the largest market for healthcare virtual assistants in Europe. The growth of the market in Germany is attributed to the increasing demand for personalized healthcare services, the rising prevalence of chronic diseases, and the growing need for remote patient monitoring.
  • The growth of the healthcare virtual assistant market in Asia Pacific is attributed to the increasing adoption of virtual assistants in the healthcare industry. China is the largest market for healthcare virtual assistants in Asia Pacific. The growth of the market in China is attributed to the increasing demand for personalized healthcare services, the rising prevalence of chronic diseases, and the growing need for remote patient monitoring.
  • The Rest of the World is expected to grow at the highest CAGR during the forecast period. The growth of the market in the Rest of the World is attributed to the increasing adoption of virtual assistants in the healthcare industry. India is the largest market for healthcare virtual assistants in the Rest of the World.

Browse market data Tables and Figures spread through 183 Pages and in-depth TOC on Healthcare Virtual Assistance Market Forecast Report (2023-2028).

Global Healthcare Virtual Assistance Market Segmentation

Product

  • Chatbots
  • Smart Speakers

Technology

  • Automatic Speech Recognition
  • Text to Speech
  • Text-based

End User

  • Payers
  • Providers
  • Others

By Region

  • North America
    • United States
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • France
    • 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
  • Middle East & Africa
    • GCC Countries
    • South Africa
    • Rest of MEA

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Scope of the Report:    

Report Attributes Details
Market Size in 2021 USD 415.1 Million
Revenue Forecast by 2028 USD 3,125.1 Million
CAGR 35.6% from 2023 to 2028
Base Year 2022
Forecast Year 2023 to 2030
Key Players Nuance Communications, Inc.; CodeBaby Corporation; eGain Corporation; Kognito; Microsoft Corporation; MedRespond; CSS Corporation; Next IT Corporation; True Image Interactive, Inc.; and Welltok, Inc.
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Key Questions Answered in the Healthcare Virtual Assistance Market Report are:

  • What is the size of the global healthcare virtual assistant market?
  • What are the key drivers and restraints of the market?
  • What are the key trends in the market?
  • What are the key opportunities in the market?
  • What are the key challenges in the market?
  • Who are the key players in the market?
  • What are the key strategies adopted by the players in the market?
  • What are the key developments in the market?
  • What are the key regulations in the market?
  • What are the key opportunities and threats faced by the players in the market?
  • What are the key recommendations for the players in the market?

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Artificial Intelligence

Picus Security Launches Security Validation for Kubernetes

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Teams can eliminate container security exposures with the new enhancements in Picus’ platform for multi-cloud
SAN FRANCISCO, May 23, 2024 /PRNewswire/ — Picus Security, the Security Validation company, today announced security validation for Kubernetes. This new capability allows Security and DevOps teams to realize the benefits of containers securely by proactively measuring and optimizing the resilience of clusters. It is the latest innovative addition to the Picus Security Validation Platform, which empowers users to consistently validate their security posture and measure risk across on-premises and multi-cloud environments.

For organizations that want an agile way to deploy, run and scale applications, Kubernetes offers considerable benefits. However, security is often the biggest barrier to its adoption. The dynamic and complex nature of Kubernetes means that containers are often misconfigured due to human error. Without a hands-on approach to governance, security gaps can easily emerge over time, increasing the risk of incidents. This situation is exacerbated by the high level of expertise required to secure Kubernetes and the use of default settings which are inherently insecure. According to The State of Kubernetes Report, more than two-thirds of Kubernetes users (67%) have delayed deployments due to security concerns.* 
The addition of Kubernetes validation extends the Picus platform’s existing validation capabilities, which are powered by attack simulation and GenAI. It enables organizations to proactively identify and mitigate security misconfigurations, such as weak policies and settings that could allow containers to run with insecure privileges and facilitate lateral movement. Now security teams can automatically assess the security of their workloads wherever they are located – on-premises, in containers, and also in cloud platforms including Amazon Web Services, Google Cloud Platform, and Microsoft Azure.
“Cloud security is perhaps the biggest barrier of entry for organizations that want to take advantage of container orchestration,” said Volkan Erturk, Picus CTO and Co-Founder. “Kubernetes offers incredible opportunities for DevOps teams to deploy and scale new applications, but Security teams can struggle to keep pace.
“With the Picus Security Validation Platform, security concerns won’t slow down an organization’s digital transformation journey. This new offering will allow our users to consistently measure the security of their workloads and vastly reduce the effort needed to address exposures across growing IT environments.”
Additional Information
Read the Kubernetes validation announcement blog.Register for the upcoming webinar on July 11th 2024 at 10.00 EST/ 15.00 BST: Beyond Cloud Security Posture Management: Validating Cloud Effectiveness with Attack Simulation About Picus Security
Picus Security helps security teams consistently and accurately validate their security posture. Our Security Validation Platform simulates real-world threats to evaluate the effectiveness of security controls, identify high-risk attack paths to critical assets, and optimize threat prevention and detection capabilities.
As the pioneer of Breach and Attack Simulation, we specialize in delivering the actionable insights our customers need to be threat-centric and proactive. 
Picus is a Gartner® Peer Insights™ Customers’ Choice for 2024 in the BAS tools category†. The company is recognized as a leader by Frost & Sullivan^.
† Gartner, Voice of the Customer for Breach and Attack Simulation Tools, Peer Contributors, 30 January 2024 ^ Frost and Sullivan, 2022 Frost Radar™ report for the Global Breach and Attack Simulation Market
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Highlights from the Finale: Day Three of the London Blockchain Conference Unravelled

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As the London Blockchain Conference draws to a close, attendees heard from industry experts on Driving Innovation with Blockchain.
LONDON, May 23, 2024 /PRNewswire/ — Attendees at the London Blockchain Conference were in to witness the final day, which featured a line-up of informative and thought-provoking speakers. Throughout the day, there were exciting panels and presentations which featured cutting-edge ideas and insights.

Day 3 kickstarted with BSVA launching a new report focusing on the role of blockchain in safeguarding data and streamlining transactions.
Other sessions included:
The Intersection of Web3, AI, and Emerging Tech – Somi Aran, Founder of InPeak gave the opening keynote which explored the dynamic convergence of Web3, Artificial Intelligence, and emerging technologies. She delved into how these technologies are reshaping industries and redefining the boundaries of innovation and the potential impacts and opportunities these technologies present.
Bridging the gap: Making Web3 technologies user-friendly – Christine Leong, CIO, nChain – discussed some of the innovative strategies and practical solutions aimed at simplifying Web3 technologies. She also discussed how nChain is planning to transform Web3 from a domain exclusive to the tech-savvy, into a user-friendly ecosystem that empowers all users.
Is code law? – Rules applicable to blockchain networks – panel featuring Marcin Zarakowski, CEO of Token Recovery, Akber Datoo CEO of D2 Legal Technology, Jeffrey Golden, King’s Counsel (Hon) at 3 Hare Court Chambers, Andrei Kirilenko, Professor of Finance at Cambridge Judge Business School, Professor Sarah Green, Law Commissioner at Law Commission, where they discussed that rules apply to the nodes and validators which support the particular network and process its transactions. The group also discussed whether the blockchain protocols’ rules and software code are the only sources of regulation in blockchain networks.
An Introduction to nChain Identity – Thomas Moretti, Head of Product Development at nChain. He spoke about the Self Sovereignty Identity concept and showcased the latest project it is working on – nChain Identity.
Reimagining Roles: How regulated industry leaders are shaping the future of finance – a panel featuring, Andrew Mosson (Chief Commercial Officer of OneTrading, Néstor Palao, Head DLT & Corporate Clients at Sygnum Bank, Laurence Lewandowska, CFO/COO at BSV Association and Wojciech Kaszycki Chairman & Founder at Mobilum. The panel discussed how the new era of digital assets, traditional banking institutions, exchanges, and financial services are being reimagined in the context of emerging technologies such as blockchain and AI.
Please register here if you would like to listen to any of the sessions today. 
If you want to interview any speaker from today’s sessions, please email [email protected].
About the London Blockchain Conference NETWORK. LEARN. ENGAGE.  At the London Blockchain Conference, we show how Blockchain will change the world and help people see another way to manage data, build scalable on-chain solutions and achieve great things. We do this by creating valuable, insightful, and engaging events that educate and inform, allowing you to connect and network to build strong business relationships. Our conference is the best avenue to see blockchain innovations, ecosystem announcements, product launches, technology updates, keynote speeches, panels, and fireside chats from blockchain leaders. Join us and experience it for yourself. 

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Nord Anglia Education publishes new insights on the role of AI and metacognition in learning

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LONDON, May 23, 2024 /PRNewswire/ — INSIGHTS, the global publication from Nord Anglia Education, has published two new articles taking an in-depth look at AI in education and the role of metacognition in teaching and learning.

Exploring the role of AI in learning
https://www.nordangliaeducation.com/insights/2024/articles/the-generative-generationIn its ‘Generative Generation’ feature, INSIGHTS explores the role of artificial intelligence (AI) in education, and whether the technology is making it easier for children to learn. Speaking to Nord Anglia’s educators as well as leading experts from the world of academia, it also includes real-life examples of how Nord Anglia’s schools are using AI in the classroom.
For example, Nord Anglia’s British International School in Kuala Lumpur has adapted the technology to create an AI-powered teaching assistant that can personalise learning, guide students through content exploration, and deepen their understanding through interactive activities. Learners define the topic they want to explore and the course specification they are working to, and the AI explores the content with them in a conversational way, enabling them to ask questions as they go. 
Dr Bruce Geddes, Deputy Head of Secondary at the school, told INSIGHTS that AI represents “the biggest opportunity we’ve had in our lifetimes, for many, many spheres, but particularly in education”.
Avenues: The World School in New York, which became part of Nord Anglia in 2023, encourages its students to use AI in their work. As an example, in an app development project students use ChatGPT to generate the bulk of the coding, then review, correct and refine it. This saves them “hours of manual work by leveraging the appropriate tool in an academically appropriate way,” says Lia Muschellack, Director of Technology at the school.
The school also has its own generative AI chatbot, Savvy, built in 2019 and now powered by open AI technology. It can answer queries, provide information, and engage in “diverse discussions ranging from academic topics to casual conversations”.
“We understand that our students will be actively leveraging these tools throughout their academic and professional pathways, so we want to make sure they not only understand the potentials and limitations, but that they have tinkered and truly experienced them,” Muschellack explains.
Metacognition: a learning superpower
In its feature ‘Metacognition. Helping Kids Unlock the Power of ‘Thinking about Thinking’, INSIGHTS looks at how students can develop the important skill of metacognition.
“Metacognition is the ability to be aware of our cognitive or thought processes and to monitor, reflect on, and change those processes,” Dr Rose Luckin, Professor of Learner Centred Design at the University College London Knowledge Lab, told INSIGHTS.
Nord Anglia Education is working with Dr Luckin to develop its approach to metacognition and to help teachers introduce metacognitive strategies into classrooms. It has developed a metacognitive framework of six “Learner Ambitions” to help students develop the 6 Cs: to become critical, creative, committed, and curious learners, working compassionately and collaboratively in the classroom and beyond.
As the article explains, Nord Anglia’s deep dive into metacognition has many goals: developing student agency, boosting academic performance, and developing ‘future’ skills that employers want. The framework is being initially applied across 27 Nord Anglia schools around the world and its impact will be measured in independent research in partnership with Boston College, reporting in 2025.
Nord Anglia’s examination of metacognition also involves exploring personalised goals and thinking routines. For instance, students at Nord Anglia International School Hong Kong use the “Step In, Step Out, Step Back” routine to develop empathy and understanding in their studies. “It’s about asking the right questions; those really big questions that lead to even more questions,” says Raquel Thomson, the school’s Deputy Head of Primary. “Thinking strategies like this stay with students and serve a purpose whatever they do in their lives, whether they choose to be a scientist or a teacher or go into business.”
For media enquiries please contact: Francesca Milani Communications Manager, Digital Education Portfolio +44 20 7131 0000 [email protected] 
About Nord Anglia Education:
As the world’s leading international schools organisation, we’re shaping a generation of creative and resilient global citizens who graduate from our schools with everything they need for success, whatever they choose to be or do in life.  
Our strong academic foundations combine world-class teaching and curricula with cutting-edge technology and facilities, creating learning experiences like no other. Inside and outside of the classroom, we inspire our students to achieve more than they ever thought possible.  
No two children learn the same way, which is why our schools around the world personalise learning to what works best for every student. Inspired by our high-quality teachers, our students achieve outstanding academic results and go on to study at the world’s top universities.  
To learn more or apply for a place for your child, go to nordangliaeducation.com.
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