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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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VYLIT OPENS ITS CREATOR ADVISORY BOARD, GIVING CREATORS EQUITY IN THE PLATFORM

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Reality star & chef Dom DeAngelis, model & creator Cydney Moreau, and creator-entrepreneur Crystal Jackson named as founding members, with applications now open for creators who want a voice in how the platform is shaped

MIAMI, July 23, 2026 /PRNewswire/ — Vylit, the 18+ creator-first social platform co-founded by Ami Gan, former CEO of OnlyFans, and seasoned entrepreneur Kailey Magder, is opening applications for its Creator Advisory Board, which will include a select group of creators that will have a strong voice in shaping the platform they use and earn on.

Vylit is inviting creators not just to join the platform, but to help build it, with real shares in the company reserved for those who contribute to its growth, culture and direction. The Creator Advisory Board will give creators a direct voice in building Vylit’s community, the platform’s development and creator tools, along with ownership in the business they’re helping grow.

Applications are now open. Creators can apply by emailing vylit@vylitworld.com with their name, bio and social handles.

Vylit is launching the board with three founding members who show the range of creators it’s built for.

Dominic DeAngelis, known from YouTube and Vanderpump Villa, where his culinary skills earned recognition from viewers around the world, has been using the platform to share behind-the-scenes and day-in-the-life content with his subscribers — the kind of direct, monetized relationship with fans that Vylit is designed around.

“Social media sucks right now. The algorithms are negative, you don’t even see the people you follow anymore, and creators are struggling to find real connections with their fans,” said DeAngelis. “I’m thrilled to be part of a platform that’s doing it differently. Vylit is actually listening to creators and building with us, not just for us.”

Cydney Moreau, a Louisiana-born former track athlete turned model and creator with a following across fitness, fashion and lifestyle, balances her work with life as a mom. Vylit is where she’s turning that following into a business for the first time, on her own terms.

“As someone who is monetizing my content for the first time, knowing that I will have a say in how the platform treats other creators means everything,” said Moreau. “It’s not every day a platform actually wants creators in the room while they’re building it. Knowing Vylit is making decisions with our interests at heart gives me the confidence to build here, and I’m excited to help shape where this goes.”

Crystal Jackson, known to millions of followers as Mrs. Poindexter, is the co-founder of EssentL, a company building business infrastructure and benefits for creators. A former engineer turned multi-platform creator and entrepreneur, she brings an operator’s understanding of what creators actually need from the platforms they build on.

“I’ve spent years building an audience and a business across platforms that weren’t built for today’s creator ecosystem,” said Jackson. “What drew me to Vylit is that they’re handing creators actual ownership and a real say in the decisions that affect us. That’s not something I’ve seen anyone else do, and I want to help build it right.”

Since launching, Vylit has positioned itself as the “HBO of social media,” a space between traditional social media and adult subscription platforms, where creators can be expressive, marketable and in control. The Creator Advisory Board takes that further. Rather than building the platform for creators and handing it over, Vylit is building it with them, giving them direct ownership and a say in its direction.

“The users driving value should have a say in the business,” said Ami Gan, Co-Founder and CEO of Vylit. “Creators understand culture and digital monetization better than anyone. At Vylit, that expertise earns them a real seat at the table.”

“We didn’t want to build another platform where creators show up after the fact,” added Kailey Magder, Co-Founder and COO of Vylit. “We want them involved from day one, shaping the product, the community and the direction of the business.”

Vylit truly puts creators in charge, giving them real ownership and a direct say in how the platform evolves. The Creator Advisory Board is just the start.

To learn more, visit https://vylitworld.com/ 

To access the media kit, click here.

ABOUT VYLIT
Vylit is an 18+ creator-first social platform redefining how adults share, discover and monetize content. Co-founded by Amrapali (Ami) Gan and Kailey Magder, Vylit was created to fill the gap between traditional social media and creator platforms, offering a premium digital experience for expression. Built as “the HBO of social media,” the platform allows topless content while prohibiting explicit material, giving creators greater freedom. Vylit combines social connectivity with built-in monetization, interest-based discovery through its Vybe Matching Engine, and in-house AI Image Generation and Chat tools designed for its users. Learn more at www.vylitworld.com.

FOR PRESS INQUIRIES
pr@vylitworld.com 

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CNBC Names PayJoy one of the World’s Top FinTech Companies of 2026

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Recognition highlights PayJoy’s leadership in emerging market consumer finance

SAN FRANCISCO, July 23, 2026 /PRNewswire/ — CNBC and Statista have named PayJoy to the “World’s Top Fintech Companies 2026,” which honors companies providing digital funding and bank-independent lending solutions for individuals and businesses. PayJoy is a leading financial services provider for underserved consumers across emerging markets.

Now in its fourth edition, the ranking identifies 500 leading companies across eight fintech market segments worldwide, including Payments, Neobanking, Wealth Technology, Digital Assets, Enterprise Fintech, Insurtech, Regtech, and Alternative Financing. Companies were evaluated using an aggregated scoring model built on both general and segment-specific KPIs, drawing on desk research from publicly available sources alongside company self-reports submitted through an open application process.

PayJoy’s inclusion reflects its work bringing credit access to the emerging middle class in Mexico, Colombia, Brazil, Panama, Peru, Ecuador, South Africa, the Philippines, and Indonesia, nine countries where traditional financial infrastructure has long excluded first-time borrowers.

“This recognition from CNBC and Statista is a meaningful validation of the work our team does every day,” said Doug Ricket, PayJoy CEO and Co-Founder. “Millions of people across the markets we serve are building credit for the first time through PayJoy. Being named among the world’s top fintech companies reflects the scale and impact of that work.”

For more information on the full ranking, visit https://www.cnbc.com/worlds-top-fintech-companies-2026/ 

About PayJoy
PayJoy expands credit access across emerging markets through point-of-sale financing and card offerings. Its proprietary secured-credit technology enables first-time borrowers to responsibly build financial stability and participate fully in the modern economy. Through its cutting-edge machine learning, data science, and anti-fraud AI, PayJoy has financed over $3.5 billion of loans to more than 20 million people and employs over 1,000 people worldwide. For more information, visit https://www.payjoy.com/ 

Contact
payjoy@thekeypr.com

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Youngstown Innovation Hub Breaks Ground at YBI’s 107 Building

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YOUNGSTOWN, Ohio, July 23, 2026 /PRNewswire/ — As the United States works to strengthen its aerospace and defense manufacturing base, the Youngstown Innovation Hub for Aerospace & Defense broke ground today on YBI‘s 107 Building in downtown Youngstown, positioning the region as a national proving ground for advanced and additive manufacturing. The Hub is managed by the National Center for Defense Manufacturing and Machining (NCDMM).

Youngstown Innovation Hub for Aerospace & Defense breaks ground at YBI’s 107 Building.

The Hub is one of four Innovation Hubs established across Ohio as part of a statewide initiative to strengthen innovation-driven economic growth. Once complete, it is projected to generate approximately $161.6 million in economic impact, create 450 new jobs, and produce 185 new STEM credential opportunities and 40 internship opportunities by 2029.

The groundbreaking comes as Ohio was recently ranked the No. 1 state for business in America by CNBC’s 2026 America’s Top States for Business rankings, up from No. 5 in 2025.

Ohio Lt. Governor Jim Tressel attended and delivered remarks at the ceremony.

“Today is about more than renovating a building. It’s about building opportunity for Ohioans,” said Lt. Governor Tressel. “The Mahoning Valley has always been defined by the people who make things, solve problems, and never stop working toward a better future. This Innovation Hub builds on that proud tradition while preparing the next generation for in-demand careers in manufacturing.”

Hub and YBI leadership also spoke at the ceremony.

“Today’s groundbreaking of the Youngstown Innovation Hub represents much more than the start of a building renovation. It reflects what can happen when state, regional, industry, academic, and community partners come together around a shared vision for the future of manufacturing, aerospace and defense innovation,” said Megan Malara, Ph.D., director of the Youngstown Innovation Hub.

The renovation is made possible in part by a $750,000 state capital investment. Ohio State Sen. Al Cutrona and state Rep. Lauren McNally were credited with helping advance the funding request through the legislative process. YBI also recognized the broader Lake to River legislative delegation, including state Reps. Nick Santucci, Tex Fischer, Monica Robb Blasdel, Dave Thomas, and Sarah Fowler Arthur, for their support, as well as U.S. Sens. Jon Husted and Bernie Moreno for their support of the project in the U.S. Senate.

Speakers at the ceremony included Ohio Lt. Gov. Jim Tressel; Lydia Mihalik, director of the Ohio Department of Development; Mary Mertz, director of the Ohio Department of Natural Resources; Julius Oliver, 1st Ward Councilman for the City of Youngstown; State Sen. Al Cutrona; State Rep. Nick Santucci; State Rep. Lauren McNally; and Megan Malara, Ph.D., director of the Youngstown Innovation Hub. Barb Ewing, CEO of YBI, served as master of ceremonies.

The City of Youngstown, which committed $1.35 million in local matching funds to the project, was represented at the ceremony. John Wilczynski, executive director of America Makes, attended, and Barb Ewing recognized Kimberly Gibson and Alexander Steeb of America Makes for their roles in advancing the project.

Upon completion, the five-story, 130,000-square-foot concrete-framed building will offer flexible space for offices, workspaces, and display areas, along with robust power capacity to support multiple high-demand tenants. The building’s security features, including limited access points and naturally separated manufacturing bays, are designed to meet U.S. Department of War contracting criteria, positioning tenants to compete directly for federal defense work.

“It’s great to finally be transitioning from talking about this project to actually working on it. We appreciate all the support we’ve had from our political leaders and the community. YBI is proud to be a part of the project team that’s changing the trajectory of the Mahoning Valley,” said Barb Ewing, CEO of YBI.

Companies looking to expand, relocate, or enter the aerospace and defense manufacturing sector are encouraged to visit the Youngstown Innovation Hub website at youngstownhub.us.

About the Youngstown Innovation Hub for Aerospace & Defense

Managed by the National Center for Defense Manufacturing and Machining (NCDMM), the Youngstown Innovation Hub is a national proving ground for advanced and additive manufacturing, strengthening U.S. aerospace and defense supply chains and workforce development. Learn more at youngstownhub.us.

About YBI

YBI is a globally recognized economic development nonprofit, advancing innovation and growth across Ohio and beyond. Through a flexible suite of high-quality entrepreneurial services and resources, YBI supports startups, small businesses, and manufacturers at every stage of development. For more information, visit ybi.org.

Media Contact:
Jessica Sprowl, Marketing and Communications Director, YBI
jsprowl@ybi.org

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