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Medical Virtual Assistant Market Size to Grow USD 2668.4 Million by 2029 at a CAGR of 27.9% | Valuates Reports

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BANGALORE, India, June 10, 2024 /PRNewswire/ — Medical Virtual Assistant Market is Segmented by Type (Virtual Health Coaches, Virtual Health Coaches, Medical Transcription and Dictation Assistants), by Application (Telemedicine, Electronic Health Records, Medication Management).

The Global Medical Virtual Assistant market is projected to reach USD 2668.4 Million in 2029, increasing from USD 487 Million in 2022, with a CAGR of 27.9% during the period of 2023 to 2029.

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Major Factors driving the growth of Medical Virtual Assistant market:

The growing desire for individualized patient experiences, affordable healthcare solutions, and the expanding use of AI and machine learning technologies in the healthcare industry are the main factors propelling the growth of the medical virtual assistant market. The growth of the market is further aided by the rise in telehealth services, the spread of smart devices, and the requirement for effective management of a large volume of healthcare data. The growing number of chronic illnesses that need to be regularly monitored and managed, together with government programs promoting digital health, are major factors driving the use of medical virtual assistants.

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TRENDS INFLUENCING THE GROWTH OF MEDICAL VIRTUAL ASSISTANT MARKET:

Because chatbots in telemedicine improve patient engagement, expedite administrative chores, and increase accessibility to healthcare services, they are a major factor driving the growth of the Medical Virtual Assistant (MVA) industry. These AI-powered solutions provide round-the-clock engagement, enabling patients to make appointments, get reminders, and get first-hand medical advice without requiring assistance from a person. Chatbots relieve the workload of healthcare personnel by automating repetitive procedures, freeing them up to concentrate on more difficult situations. Furthermore, chatbots make it easier to monitor and follow up with patients remotely, which is especially important when it comes to treating chronic illnesses and post-operative care. The smooth incorporation of AI in healthcare enhances patient experience and maximizes operational efficiency, which propels MVA acceptance and growth in the telemedicine space.

Virtual health coaches, who offer patients individualized, readily available, and ongoing assistance in their pursuit of better health and wellbeing, are a major factor propelling the Medical Virtual Assistant (MVA) industry’s expansion. These AI-powered coaches handle topics including managing weight, quitting smoking, managing chronic diseases, and mental health. They also provide personalized health advice, behavior modification techniques, and motivational support. Virtual Health Coaches may provide individualized programs that adjust to each patient’s requirements and development by utilizing modern data analytics and machine learning. This individualized strategy broadens the scope of healthcare services outside conventional locations while also improving patient participation and adherence to health programs. As a result, by avoiding hospital readmissions and improving condition management, virtual health coaches contribute to lower healthcare expenses.

The market for medical virtual assistants is significantly driven by the rising need for individualized healthcare solutions. Today’s patients want personalized healthcare services based on their unique requirements, preferences, and medical backgrounds. In order to give individualized advice and treatment regimens, medical virtual assistants can examine patient data, including genetic information, medical history, and lifestyle variables. Enhancing patient engagement and results, they may arrange appointments, remind patients to take their meds, and provide customized health advice. Virtual assistants are a desirable alternative for consumers and healthcare practitioners alike because they offer a degree of customisation that is hard to attain with conventional healthcare models.

Another important element driving the rise in demand for medical virtual assistants is the growing expense of healthcare. There is growing demand on healthcare providers to save expenses without sacrificing or raising the standard of treatment. By automating repetitive processes like appointment scheduling, invoicing, and patient follow-ups, medical virtual assistants can aid in achieving this and free up healthcare professionals to concentrate on more intricate and crucial areas of patient care. Virtual assistants may help healthcare companies save costs and distribute resources more efficiently, which will eventually improve patient care and satisfaction. They do this by increasing operational efficiency and lowering administrative responsibilities.

Medical virtual assistant adoption is mostly being driven by the global lack of medical professionals, such as physicians, nurses, and other medical workers. The number of patients and available healthcare professionals is not keeping up with the growing demand for healthcare services. By taking on some of the mundane and administrative responsibilities that would otherwise fall on healthcare professionals, medical virtual assistants can aid in filling this gap. As a result, patient outcomes and general efficiency are improved and medical professionals may concentrate on directly caring for patients. Furthermore, in locations that are underserved or distant, where access to medical experts may be limited, virtual assistants might offer assistance.

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MEDICAL VIRTUAL ASSISTANT MARKET SHARE:

Due to its robust healthcare system, extensive digital use, and government support for telehealth, North America now leads the world. Companies like Sensely, Babylon Healthcare, and Buoy Health thrive in this environment. Europe is not far behind, driven by aging populations, government initiatives promoting digital healthcare solutions, and rising telehealth awareness. Here, Infermedica and Your.MD are significant players.

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Key Companies:

●  MVA

●  Healthtap, Inc.

●  Companies

●  Your

●  Sensely, Inc.

●  Buoy Health

●  Infermedica

●  Babylon Healthcare Services

●  Baidu

●  Ada Digital Health

●  PACT Care

●  Woebot Labs

●  GYANT.Com

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DISCOVER MORE INSIGHTS: EXPLORE SIMILAR REPORTS!

–  Healthcare Virtual Assistants market size is projected to reach USD 996.2 Million by 2028, from USD 293.9 Million in 2021, at a CAGR of 18.5% during 2022-2028.

–  Virtual Digital Assistants for Enterprise Applications Market

–  Medical Repatriation Service market is projected to reach USD 173.5 Million in 2029, increasing from USD 113 Million in 2022, with a CAGR of 3.4% during the period of 2023 to 2029.

–  The global digital therapeutics market size was valued at USD 2.88 Billion in 2019 and is expected to reach USD 13.80 Billion by 2027 with a CAGR of 20.5% during the forecast period.

–  Virtual Digital Assistants (VDA) Market

–  Potential Vertical Applications for AI Virtual Assistant

–  The global Intelligent Virtual Assistant Software market was valued at USD 3040 Million in 2023 and is anticipated to reach USD 9636.3 Million by 2030, witnessing a CAGR of 17.3% during the forecast period 2024-2030.

–  The global conversational AI market size was valued at USD 5.78 Billion in 2020 and is projected to reach USD 32.62 Billion by 2030, registering a Compound Annual Growth Rate (CAGR) of 20.0% from 2021 to 2030.

–  The global artificial intelligence market size was valued at USD 65.48 Billion in 2020, and is projected to reach USD 1,581.70 Billion by 2030, growing at a CAGR of 38.0% from 2021 to 2030.

–  The augmented and virtual reality market size was valued at USD 14.84 Billion in 2020 and is projected to reach USD 454.73 Billion by 2030, registering a Compound Annual Growth Rate (CAGR) of 40.7%.

–  Intelligent Digital Voice Assistant market was valued at USD 2480 Million in 2023 and is anticipated to reach USD 9239.4 Million by 2030, witnessing a CAGR of 24.4% during the forecast period 2024-2030.

–  AI Virtual Assistants market was valued at USD 720 Million in 2023 and is anticipated to reach USD 2450.1 Million by 2030, witnessing a CAGR of 16.5% during the forecast period 2024-2030.

–  The intelligent virtual assistant market size was valued at USD 3,442 Billion in 2019, and is projected to reach USD 44,255 Billion by 2027, growing at a CAGR of 37.7% from 2020 to 2027.

–  Medical Transcription Services market was valued at USD 6228.4 Million in 2023 and is anticipated to reach USD 8507 Million by 2030, witnessing a CAGR of 4.5% during the forecast period 2024-2030.

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Eddid Financial Honored with “Professional Services Award in RWA” by HKCT Highlighting its Leading Edge in Web3 and Digital Assets

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HONG KONG, May 4, 2026 /PRNewswire/ — Eddid Financial (the “Group”) has won the “Professional Services Award in RWA” at the HKCT Business Awards, hosted by the Hong Kong Commercial Times. The award recognizes the Group’s exceptional professional service capabilities and innovative achievements in the Real-World Assets Tokenisation (“RWA”) sector. This prestigious honor serves as a strong industry endorsement of the Group’s dedicated efforts in the RWA space, affirming its leadership in bridging traditional and digital finance while injecting significant momentum into Hong Kong’s digital asset market.

The HKCT Business Awards evaluates candidates based on four core criteria: corporate achievements, market competitiveness, brand philosophy, and professional standing. As one of the most credible and influential business awards in Hong Kong, it aims to recognize outstanding enterprises across various sectors for their performance over the past year, encouraging companies to continuously enhance their core competitiveness and pioneer innovative economic directions. During this year’s selection process, the judging panel conducted a comprehensive assessment of Eddid Financial’s compliance infrastructure, innovative services, and industry contributions within the RWA sector, highly commending the Group’s professional strength and forward-looking vision in asset tokenisation.

Compliance-Driven: Building a Full-Chain Service Ecosystem

As a licensed pioneer in Hong Kong’s RWA landscape, Eddid Financial has consistently relied on compliance as its foundation and innovation as its driving force. Having deeply cultivated the digital asset space for years, the Group has established a full-chain professional service ecosystem that encompasses asset screening, product design, compliance auditing, and distribution operations. Eddid Securities and Futures, a subsidiary of the Group, became one of the first brokerages in Hong Kong to upgrade its licenses in September 2023. It subsequently secured further upgrades for its Type 1 and Type 9 regulated activity licenses, making it one of the few institutions authorized to distribute tokenised securities and RWA products. This regulatory milestone has laid a solid, compliant foundation for the Group’s RWA business operations.

Successful Launch of Landmark Precious Metal RWA Projects

In terms of practical application, Eddid Financial has actively spearheaded the launch of several landmark RWA projects, setting a new benchmark for the industry. Notably, the Group partnered with Timeless Resources Holdings Limited (8028.HK) and HashKey Chain to introduce Hong Kong’s first silver RWA project. By leveraging blockchain technology to tokenise physical silver assets, each digital coin is backed 1:1 by one ounce of physical silver, strictly held by an independent trustee. This initiative not only lowers the barrier to entry for precious metal investments but also enhances asset liquidity. The project’s product design and issuance framework received a “no further comment” reply from the Hong Kong Securities and Futures Commission (SFC), demonstrating the highest standard of compliance.

Concurrently, the Group has collaborated with CAC Fintech to advance China’s first agricultural RWA project. By converting agricultural products, land management rights, and future agricultural revenue rights into on-chain digital certificates, this project addresses critical pain points such as poor liquidity and low financing efficiency in agricultural assets. Furthermore, it supports the national rural revitalization strategy and explores novel pathways for the innovative integration of agricultural assets with financial markets.

Leading the Upgrade of the Regional RWA Industry

Beyond launching landmark projects, Eddid Financial continues to drive the ecosystem construction and market development of the RWA sector. The Group’s research department published the “Core Guide to RWA: From Basic Theory to Global Practice,” sharing its leading experience in asset tokenisation to help establish industry standards. Simultaneously, the Group has built a tripartite development model encompassing “Technology + Compliance + Ecosystem”. Internally, it has assembled a dedicated fintech team to advance underlying technologies; externally, it connects core stakeholders, including asset holders, investors, and licensed exchanges, to form a comprehensive RWA service ecosystem that provides clients with all-encompassing, one-stop professional services.

Looking ahead, Eddid Financial will continue to leverage its comprehensive licensing advantages, expert service teams, and robust technical support to drive the digital transformation of a diverse range of real-world assets. The Group is committed to delivering highly flexible, efficient, and compliant RWA services to its clients while actively supporting the standardized and international development of Hong Kong’s digital asset market, thereby cementing Hong Kong’s status as a premier global digital finance hub.

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SOURCE Eddid Financial

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Elevate Appoints Wade Clark as Chief Growth Officer

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Industry veteran to lead organic growth strategy across Elevate’s national platform

LOS ANGELES, May 3, 2026 /PRNewswire/ — Elevate, a national operator-led accounting and advisory platform, today announced the appointment of Wade Clark as Chief Growth Officer. Clark brings more than 30 years of experience building and leading sales organizations at top U.S. accounting and consulting firms, including Moss Adams (now Baker Tilly), BKD (now Forvis Mazars), Carr Riggs & Ingram, BDO USA, and Ernst & Young.

In this role, Clark will lead organic growth across Elevate’s partner firms, building a unified, data-driven growth function that complements the platform’s active M&A strategy and deepens advisory relationships firmwide.

Most recently, Clark spent nine years at Moss Adams, where he built and scaled the sales coaching function supporting 1,000+ partners, directors, and senior managers across 45 practices in a $1.3 billion firm. Earlier, as Chief Growth Officer at Carr Riggs & Ingram, he built the firm’s first growth function and helped drive revenue from $70 million to $100 million in three years. At BKD, he played a central role in the firm’s expansion from $190 million to $400 million, primarily through organic growth. He is the author of Meaningful Success in Business as well as Simplifying Complex Sales, reviewed by Accounting Today as one of the best books on selling professional services.

“Wade has built and led growth organizations at scale, and he knows what it takes to drive consistent, measurable results across a distributed partnership,” said Sanjay Agarwal, CEO and Founder of Elevate. “As we continue to execute on both M&A and organic growth, Wade’s ability to bring structure, accountability, and rigor to revenue generation will be a meaningful differentiator for our partner firms and their clients.”

“What attracted me to Elevate is the clarity of vision and the commitment to building a true operating platform — not just a collection of firms,” said Clark. “The opportunity to architect a scalable growth engine across a national footprint, alongside partner firms who are already leaders in their markets, is incredibly compelling.”

Clark is based in Houston, Texas, and holds a Bachelor of Business Administration in Marketing from Texas A&M University.

About Elevate

Elevate is a national accounting and advisory platform built by operators. The firm partners with leading CPA firms to provide the technology, infrastructure, and strategic support needed to drive sustainable growth, enhance client service, and unlock long-term value. Elevate’s operator-led model preserves firm autonomy while delivering the scale, talent, and technology of a unified platform.

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SOURCE Elevate LLC

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Meiyume (Group) LTD Achieves EcoVadis Gold Rating for 2026, Reinforcing Commitment to Sustainable Beauty

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HONG KONG, May 4, 2026 /PRNewswire/ — Meiyume (Group) LTD has achieved the EcoVadis Gold rating for 2026, with the company being in the 96th percentile globally and among the top-performing companies for sustainability.

EcoVadis evaluates companies across environment, labour and human rights, ethics, and sustainable procurement. The Gold rating reflects Meiyume’s strong performance and continued commitment to embedding sustainability across its supply chain.

A supplier’s commitment to sustainability is increasingly important to brands, as they work to meet rising regulatory requirements and evolving consumer expectations for transparency and responsible practices. In this landscape, choosing the right partners is essential. Partners like Meiyume play a key role in enabling more responsible, future-ready solutions while helping to strengthen sustainability standards across the supply chain.

A Holistic Sustainability Strategy: Meiyume’s 5Ps Framework

Meiyume’s sustainability approach is guided by its 5Ps framework: Product, Process, Places, People, and Principle, ensuring a comprehensive integration across the business:

Product – Advancing sustainable innovation in formulations and packaging

Process – Strengthening responsible sourcing and supply chain practices

Places – Enhancing operational efficiency and environmental performance

People – Fostering an inclusive and supportive workplace

Principle – Upholding strong governance and compliance standards

Sustainability as an Ongoing Journey

While the EcoVadis Gold rating marks an important milestone, Meiyume views sustainability as an ongoing journey. The company remains committed to strengthening its sustainability performance and supporting beauty and personal care brands in achieving their sustainability goals.

About Meiyume:

Formerly LF Beauty, Meiyume offers end-to-end beauty solutions—packaging, ODM, OEM —grounded in sustainability and insights. Powered by it’s Beauty Intelligence Platform and a global sourcing network, Meiyume brings visions to life with agility, intelligence, and responsibility.

https://meiyume.com/
2/F HK Spinners Industrial Building, Phases I & II, 800 Cheung Sha Wan Road, Kowloon, Hong Kong

SOURCE Meiyume

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