Overview and Scope
Preventive healthcare technologies include screenings, check-ups, and patient counselling to identify and prevent health problems. Preventive healthcare technology devices are more commonly used to measure daily lives health patterns such as blood oxygen saturation, heart rate, blood pressure, and sleep patterns. The preventive healthcare technologies and services are used to take measures and identify future illnesses and treatment by the healthcare providers.
Sizing and Forecast
The preventive healthcare technologies and services market size has grown rapidly in recent years. It will grow from $259.84 billion in 2023 to $303.83 billion in 2024 at a compound annual growth rate (CAGR) of 16.9%. The growth in the historic period can be attributed to increasing health awareness, rising chronic disease burden, government initiatives and healthcare policies, shift towards value-based care, consumer empowerment and health literacy.
The preventive healthcare technologies and services market size is expected to see rapid growth in the next few years. It will grow to $541.36 billion in 2028 at a compound annual growth rate (CAGR) of 15.5%. The growth in the forecast period can be attributed to digital health platforms and apps, incentive programs and health promotion campaigns, global health security concerns, rise in aging population, increased collaboration and data sharing. Major trends in the forecast period include population health management solutions, AI and machine learning applications, digital therapeutics and health apps, blockchain for health data security, collaboration with pharma and tech companies.
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Segmentation & Regional Insights
The preventive healthcare technologies and services market covered in this report is segmented –
1) By Type: Early Detection and Screening Technologies, Vaccines, Chronic Disease Management Technologies, Advanced Technologies to Reduce Errors
2) By Application: Hospitals, Clinics
North America was the largest region in the preventive healthcare technologies and services market in 2023. Europe is expected to be the fastest-growing region in the forecast period. The regions covered in the preventive healthcare technologies and services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
An increase in the older population pool is increasing demand for the preventive healthcare technologies and services market. Medical problems are known to increase with age, due to this preventing or identifying problems at an early stage can decrease the risk and intensity of the issue. According to the United Nations survey, an intergovernmental organization, people aged above 65 years or above is projected to reach around 1.5 billion in 2050. This increase in the aged people population can also directly impact the preventive healthcare technologies market.
Key Industry Players
Major companies operating in the preventive healthcare technologies and services market report are McKesson Corporation, Walgreens Boots Alliance Inc., Pfizer Inc., Merck & Co Inc., GlaxoSmithKline plc, Medtronic plc, TELUS Health Inc., Quest Diagnostics Incorporated, Cerner Corporation, Modivcare Inc., Teladoc Health Inc., Alere Inc., Omnicell Inc., CitiusTech Inc., Change Healthcare Inc., Tivity Health Inc., Allscripts Healthcare Solutions Inc., Included Health Inc., Myriad Genetics Inc., Medely Inc., Strata Decision Technology Inc., Vocera Communications Inc., Healthways Inc., Viatronix Inc., Dilon Technologies Inc., Novx Systems Inc., U-Systems Inc., Scripto LLC, Omron Healthcare Inc., GRAIL Inc., Maven Clinic Inc., Novartis AG, Pearl Health Inc., Sanofi S.A.
The preventive healthcare technologies and services market report table of contents includes:
1. Executive Summary
2. Preventive Healthcare Technologies And Services Market Characteristics
3. Preventive Healthcare Technologies And Services Market Trends And Strategies
4. Preventive Healthcare Technologies And Services Market – Macro Economic Scenario
5. Global Preventive Healthcare Technologies And Services Market Size and Growth
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32. Global Preventive Healthcare Technologies And Services Market Competitive Benchmarking
33. Global Preventive Healthcare Technologies And Services Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Preventive Healthcare Technologies And Services Market
35. Preventive Healthcare Technologies And Services Market Future Outlook and Potential Analysis
36. Appendix
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