Global Preventative Healthcare Technologies and Services Market, By Type (Early Detection and Screening Technologies, Chronic Disease Management Technologies, Vaccines, Advanced Technologies to Reduce Errors), Application (Hospitals, Clinics, Others) – Industry Trends and Forecast to 2029.
Preventative Healthcare Technologies and Services Market Analysis and Size
Preventive healthcare services are actions made to treat illnesses brought by a disease diagnosis or a vaccination. Cardiovascular issues, ongoing respiratory issues, various difficulties, some contagious infections, and diabetes are the diseases that are continuously monitored or immunised. By early diagnosis of the infection or vaccination, these developments aid in the avoidance of illnesses. The market for preventive healthcare technology and services comprises of sales of the products by companies (organisations, sole proprietors, and partnerships), which are used to take precautions, spot potential ailments in the future, and cure them. Screenings, examinations, and patient counselling are examples of preventive healthcare technology that help find and stop health issues. Devices that measure preventive healthcare patterns, such as blood oxygen saturation, heart rate, blood pressure, and sleep patterns, are more frequently employed.
Data Bridge Market Research analyses that the preventative healthcare technologies and services market which was USD 192.59 billion in 2021, would rocket up to USD 522.97 million by 2029, and is expected to undergo a CAGR of 13.30% during the forecast period 2022 to 2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Preventative Healthcare Technologies and Services Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Type (Early Detection and Screening Technologies, Chronic Disease Management Technologies, Vaccines, Advanced Technologies to Reduce Errors), Application (Hospitals, Clinics, Others)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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Myriad Genetics, Inc (U.S.), Quest Diagnostics Incorporated. (U.S.), Medtronic (Ireland), Abbott (U.S.), Merck & Co., Inc (U.S.), GlaxoSmithKline plc (U.K.), Omnicell, Inc (U.S.), McKesson Corporation (U.S.), Pfizer Inc. (U.S.), Dilon Medical Technologies, Inc. (U.S.), OMRON Healthcare Europe B.V. (Netherlands), Novx Systems, Corp. (Canada), U-Systems, Ltd. (U.S.), Viatronix, Inc. (U.S.), Sanofi (France), Lifecom, Inc. (U.S.), Scripto LLC (U.S.)
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Market Opportunities
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Market Definition
Preventive health refers to the use of approved proactive health tests, counselling, and maintenance. Preventative medicine, or prophylaxis, are other terms for preventive health. Instead of treating illnesses, preventive healthcare focuses on taking steps to avoid them. In order to keep the patient suffering from the ensuing condition, preventive health practises concentrate on disease, damage, and patient illness that are avoided.
Preventative Healthcare Technologies and Services Market Dynamics
Drivers
- Rising awareness among the public
In the forecast period of 2022–2029, rising adoption of cutting-edge technology and solutions, rising awareness among the public regarding the prevalence of preventive measures to improve quality of life, rising cases of chronic disorders are likely to boost the growth of the market for preventative healthcare technologies and services. The market for preventative healthcare technology and services will expand during the period covered by the forecast because of the declining birth rate and expanding senior population, among other factors.
- Raise awareness of digital technologies
The market for preventive healthcare technologies and services should raise awareness of the benefits of healthcare IT, which promotes long-term cost effectiveness and makes up for the high installation costs of today. The market for preventive healthcare technologies and services is anticipated to expand more as a result of the widespread adoption of digital technologies.
- Increase in demand for technological devices
The market for preventive healthcare technologies and services is expected to grow as a result of the increase in demand for self-monitoring devices and technological upgrades for healthcare systems. The adoption of healthcare information technology and favourable government policies to raise public awareness about vaccination through governmental and non-governmental organisations are driving the global market for preventive healthcare technologies and services.
Opportunities
The growth in knowledge of and initiatives for prophylaxis, as well as positive government policies that create a favourable environment for healthcare information technology, are propelling the market for preventive healthcare technologies and services globally.
Restraints/Challenges
However, prohibitive installation and upkeep costs have limited the use of preventative technology in developing nations like Bangladesh, India, the Philippines, and Sri Lanka. Physicians and pharmacists are less inclined to utilise healthcare IT since there aren't enough patient interaction activities.
This preventative healthcare technologies and services market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the preventative healthcare technologies and services market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Preventative Healthcare Technologies and Services Market
Governments all around the world have been working diligently to create a vaccine for COVID-19 in response to the present pandemic. The number of confirmed cases worldwide is edging closer to 5 million, and to stop the spread of the coronavirus, several preventive measures have been put in place in practically every afflicted country. This is the precise illness screening, which has been crucial in isolating the sick patients. As a result, it is anticipated that the field of preventive healthcare technologies and services will expand significantly in this circumstance.
Recent Development
- Athenahealth, Inc. was purchased by Hellman & Friedman and Bain Capital, a private equity company, for $17 billion in November 2021. With this acquisition, Athenahealth will be able to dominate the US market for cloud-based electronic medical records and physician practise solutions.
Global Preventative Healthcare Technologies and Services Market Scope
The preventative healthcare technologies and services market is segmented on the basis of type, application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- Early Detection And Screening
- Chronic Disease Management
- Vaccines
- Advanced Technologies To Reduce Errors
Application
- Hospitals
- Clinics
- Others
Preventative Healthcare Technologies and Services Market Regional Analysis/Insights
The preventative healthcare technologies and services market is analysed and market size insights and trends are provided by country, type, application as referenced above.
The countries covered in the preventative healthcare technologies and services market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the preventative healthcare technologies and services market due to the adoption of advance technology along with rising per capita income of the people, rising government initiatives.
Asia-Pacific is expected to grow at the highest growth rate in the forecast period of 2022 to 2029 due to the growing number of initiatives by the government along with growth of the economies.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Preventative Healthcare Technologies and Services Market Share Analysis
The preventative healthcare technologies and services market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to preventative healthcare technologies and services market.
Some of the major players operating in the preventative healthcare technologies and services market are:
- Myriad Genetics, Inc (U.S.)
- Quest Diagnostics Incorporated. (U.S.)
- Medtronic (Ireland)
- Abbott (U.S.)
- Merck & Co., Inc (U.S.)
- GlaxoSmithKline plc (U.K.)
- Omnicell, Inc (U.S.)
- McKesson Corporation (U.S.)
- Pfizer Inc. (U.S.)
- Dilon Medical Technologies, Inc. (U.S.)
- OMRON Healthcare Europe B.V. (Netherlands)
- Novx Systems, Corp. (Canada)
- U-Systems, Ltd. (U.S.)
- Viatronix, Inc. (U.S.)
- Sanofi (France)
- Lifecom, Inc. (U.S.)
- Scripto LLC (U.S.)
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