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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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Technology

Wise introduces first-of-its-kind multi-currency Interest feature in Canada

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Wise customers can now opt in to earn market-leading returns on CAD, USD, EUR and GBP from the convenience of one multi-currency accountCustomers opted in can continue to send, spend and convert funds while earning a return, with no penalties or minimum balance requirements

TORONTO, May 4, 2026 /CNW/ – Wise, the global technology company building the best way to move and manage the world’s money, today announced the launch of its new Interest feature for people and businesses in Canada. Wise is the first provider in Canada to enable customers to earn a return on balances held across multiple currencies within one consolidated account.

Millions of Canadians send international payments each year, with outbound remittances and cross-border commercial activity steadily increasing, according to public data from Payments Canada. However, options for holding and growing money across multiple currencies have historically required opening separate accounts with financial providers in each currency. These accounts often come with minimum balance thresholds and promotional rates that get more expensive over time. Wise Interest removes these barriers for Canadians.

Eligible customers can now opt into the new Interest feature to earn a market-leading return on balances held in CAD, USD, EUR and GBP from the convenience of their Wise multi-currency account. Once opted in, customers can continue to hold, spend, send and convert their money internationally from their balances with no penalties or minimum balance requirements.

Key features of the new feature include:

Earn market-leading returns across currencies: Opt in to Interest and earn 2.22% in CAD, 3.14% in USD,  0.8% in EUR and 2.21% in GBP from the convenience of the Wise multi-currency account*Instant access to your funds: Continue to hold, spend, send funds internationally with no minimum balance requirements or lock-up periodsSimple opt-in: Activate the feature in just a few taps within the Wise app

Vinay Nilakantan, Head of Product for North America at Wise, said: “Earning a return on your money across currencies shouldn’t require opening and managing multiple accounts or giving up access to your funds — but that’s the reality many Canadians have grown accustomed to. With Wise’s Interest feature, we’re changing that. We’re offering a more flexible way for our customers to make their money work harder across currencies, combining market-leading returns with the ability to use funds instantly, all in one convenient account.”

This launch builds on Wise’s growing momentum in Canada, where its active customer base grew by more than 30% in FY25. As Wise continues to scale in the market, it is investing in local infrastructure to better serve its growing customer base. Wise became a member of Payments Canada earlier this year, making it eligible to apply for direct participation in Canada’s national payment systems, including ACSS, Lynx and the forthcoming Real-Time Rail. Over time, this direct access to local payment infrastructure would enable Wise to move money faster and reduce costs further for Canadians and people sending to and from Canada.

*To find out more about Wise’s Interest feature in Canada, please visit http://www.wise.com/ca/interest

About Wise

Wise is a global technology company, building the best way to move and manage the world’s money. With Wise Account and Wise Business, people and businesses can hold 40 currencies, move money between countries and spend money abroad. Large companies and banks use Wise technology too; an entirely new network for the world’s money. Launched in 2011, Wise is one of the world’s fastest growing, profitable tech companies.

In fiscal year 2025, Wise supported around 15.6 million people and businesses, processing over $185 billion USD in cross-border transactions and saving customers around $2.6 billion USD.

Media Contact: Samantha Krupa‑Carbone, skrupa-carbone@national.ca

SOURCE WISE

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Ecobat Completes Sale of Germany & Austria Operations to Clarios, Marking Exit from European Lead Market

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DALLAS, May 4, 2026 /PRNewswire/ — Ecobat, a global leader in battery recycling, today announced the successful completion of the sale of its battery recycling and specialty lead operations in Germany and Austria to Clarios, a global leader in advanced energy storage solutions. The transaction encompasses Ecobat’s facilities in Freiberg and Braubach, Germany, as well as the Arnoldstein operation in Austria.

This sale, together with previously completed divestitures in France, Italy, and the United Kingdom, marks Ecobat’s exit from the European lead market and the completion of a multi-transaction repositioning of its Resources division.

“The sale of our Germany and Austria operations is a defining milestone for Ecobat,” said Tom Slabe, President and Chief Executive Officer of Ecobat. “With our European lead footprint now fully transitioned to new ownership, Ecobat is positioned as a focused North American platform. We will continue to pursue opportunities to maximize value for shareholders as we build on that foundation.”

Mr. Slabe added, “Clarios’ expertise and strategic vision offer a strong foundation for the continued success of these operations in Germany and Austria. We’re confident they will continue to foster and enhance the valued relationships we have built with our employees, customers, and suppliers across Europe.”

Rothschild & Co acted as financial advisor and White & Case as legal advisor to Ecobat on the transaction.

About Ecobat

Ecobat is the world’s largest recycler of batteries with global operations. The company delivers innovative solutions for battery recycling, resource recovery and energy storage by responsibly managing valuable materials essential to modern life.

About Clarios

Clarios is the global leader in advanced, low-voltage battery technologies for mobility and owner of the brand VARTA in the automotive sector. Our batteries and smart solutions power nearly every type of vehicle and are found in 1 of 3 cars on the road today. With around 18,000 employees in over 100 countries, we bring deep expertise to our Aftermarket and OEM partners, and reliability, safety and comfort to everyday lives. We answer to the planet with a rigorous sustainability focus – advancing best-in-class sustainability practices and advocating for them across our industry. We work to ensure 100% of our products sold are recyclable, and we recycle 8,000 batteries an hour in our network.

For Media Inquiries:

Elizabeth Tuma

Ecobat

Press@Ecobat.com

1-888-317-4687 ext. 703

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SOURCE Ecobat

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Hyperscale Data to Launch 20-Week Business Spotlight Series to Highlight the Scale, Scope and Value of Its Operations

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Company Plans Weekly Monday Releases to Help Investors Better Understand Businesses Owned Directly and Through Ault Capital Group; Management Believes Hyperscale Data’s Assets and Operating Businesses Are Not Fully Reflected in the Company’s Market Valuation

LAS VEGAS, May 4, 2026 /PRNewswire/ — Hyperscale Data, Inc. (NYSE American: GPUS), an artificial intelligence (“AI”) data center company anchored by Bitcoin (“Hyperscale Data” or the “Company”), today announced that it plans to launch a 20-week business spotlight series, with a new press release expected to be issued each Monday morning, highlighting the Company’s businesses, subsidiaries, assets and strategic initiatives owned directly and through its wholly owned subsidiary, Ault Capital Group, Inc. (“ACG”).

Management believes that the market does not fully appreciate the scale and breadth of the platform Hyperscale Data has built, the operations it conducts through acquisitions, internal development and ongoing investment or its resulting long-term growth opportunities. Through this 20-week series, Hyperscale Data intends to provide investors, stockholders and the broader market with enhanced transparency into its business, including its AI data center strategy, Bitcoin treasury and digital asset initiatives, robotics platform, financial services, lending operations, market platforms, defense-related businesses, energy services and other strategic assets.

The Company expects that more consistent and detailed communication may assist investors in more fully evaluating Hyperscale Data as a diversified operating platform with multiple potential growth drivers.

Management has previously indicated that it believes the Company has the potential to generate between $180 million and $200 million in annual revenue across its operating businesses for its fiscal year 2026, based on current operations and internal estimates. These expectations are forward-looking, subject to a variety of risks and uncertainties, and actual results may differ materially.

The 20-week series is expected to highlight businesses and strategic initiatives across the Hyperscale Data ecosystem, including, among others:

Infrastructure, AI, Digital Asset Platform and Robotics

Hyperscale Data’s AI data center infrastructure and strategy;The Company’s Bitcoin treasury and digital asset strategy;Sentinum, Inc. and its Bitcoin mining operations;Omnipresent Robotics, LLC and robotics and data collection opportunities;Ault Blockchain and blockchain-related initiatives; andDigital asset market-making, decentralized finance and tokenization initiatives, including through strategic investments, partnerships and other arrangements.

Financial Services and Market Platforms

ACG and its financial services platform;Ault Lending, LLC and its private credit activities;Ault Markets, Inc. and financial technology initiatives;askROI, Inc. and AI-powered software solutions; andOnlyBulls and consumer financial technology offerings.

Industrial, Energy and Defense Operations

Gresham Worldwide, Inc. and its defense and mission-critical operations;TurnOnGreen, Inc. and its design and manufacturing of power products for mission-critical applications across defense, healthcare, industrial and other sectors; andCircle 8 Crane Services, LLC and energy services.

Additional operating subsidiaries, investments and strategic assets that management believes are important to understanding the overall enterprise may also be highlighted among this series of press releases.

Milton “Todd” Ault III, Executive Chairman of Hyperscale Data, stated, “We believe Hyperscale Data is not yet fully understood by the market. Over the last several years, we have assembled a broad operating platform spanning AI data centers, Bitcoin and digital assets, robotics, financial services, lending, market platforms and defense-related businesses. Through this spotlight series, we intend to provide greater transparency into our operations and strategy, and to help investors better understand how these businesses may contribute to our long-term growth objectives as they continue to scale and integrate.”

The Company reserves the right to either issue press releases of the kind described in this announcement on Monday afternoons in the event that management believes a different kind of press release must be issued on Monday mornings or not issue them for a particular Monday at all. Further, the Company reserves the right to terminate the 20-week spotlight series in its entirety at any time.

For more information on Hyperscale Data and its subsidiaries, Hyperscale Data recommends that stockholders, investors and any other interested parties read Hyperscale Data’s public filings and press releases available under the Investor Relations section at hyperscaledata.com or available at www.sec.gov.

About Hyperscale Data, Inc.

Through its wholly owned subsidiary Sentinum, Inc., Hyperscale Data owns and operates a data center at which it mines digital assets and offers colocation and hosting services for the emerging AI ecosystems and other industries. Hyperscale Data’s other wholly owned subsidiary, ACG, is a diversified holding company pursuing growth by acquiring undervalued businesses and disruptive technologies with a global impact.

Hyperscale Data currently expects the divestiture of ACG (the “Divestiture”) to occur in the second quarter of 2027. Upon the occurrence of the Divestiture, the Company would be an owner and operator of data centers to support high-performance computing services, as well as a holder of the digital assets. Until the Divestiture occurs, the Company will continue to provide, through ACG and its wholly and majority-owned subsidiaries and strategic investments, mission-critical products that support a diverse range of industries, including an AI software platform, equipment rental services, defense/aerospace, industrial, automotive and hotel operations. In addition, ACG is actively engaged in private credit and structured finance through Ault Lending, LLC, a licensed lending subsidiary. Hyperscale Data’s headquarters are located at 11411 Southern Highlands Parkway, Suite 190, Las Vegas, NV 89141.

On December 23, 2024, the Company issued one million (1,000,000) shares of a newly designated Series F Exchangeable Preferred Stock (the “Series F Preferred Stock”) to all common stockholders and holders of the Series C Preferred Stock on an as-converted basis. The Divestiture will occur through the voluntary exchange of the Series F Preferred Stock for shares of Class A Common Stock and Class B Common Stock of ACG (collectively, the “ACG Shares”). The Company reminds its stockholders that only those holders of the Series F Preferred Stock who agree to surrender such shares, and do not properly withdraw such surrender, in the exchange offer through which the Divestiture will occur, will be entitled to receive the ACG Shares and consequently be shareholders of ACG upon the occurrence of the Divestiture.

Forward-Looking Statements

This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements generally include statements that are predictive in nature and depend upon or refer to future events or conditions, and include words such as “believes,” “plans,” “anticipates,” “projects,” “estimates,” “expects,” “intends,” “strategy,” “future,” “opportunity,” “may,” “will,” “should,” “could,” “potential,” or similar expressions. Statements that are not historical facts are forward-looking statements. Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties.

Forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update any of them publicly in light of new information or future events. Actual results could differ materially from those contained in any forward-looking statement as a result of various factors. More information, including potential risk factors, that could affect the Company’s business and financial results are included in the Company’s filings with the U.S. Securities and Exchange Commission, including, but not limited to, the Company’s Forms 10-K, 10-Q and 8-K. All filings are available at www.sec.gov and on the Company’s website at hyperscaledata.com.

 

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SOURCE Hyperscale Data Inc.

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