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Preventive Healthcare Market to Witness Huge Growth by 2026 | Amway, OMRON Healthcare, HealthifyMe Wellness
Preventive Healthcare Market
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Preventive healthcare refers to the branch of medicine that helps in the early detection of diseases, thus allowing patients, access to prompt treatment. There are five stages of preventive healthcare – primal prevention, primordial prevention, primary prevention, secondary prevention and tertiary prevention.
Market insights:
In 2019, preventive healthcare accounted for ~11% of India’s overall healthcare expenditure. The preventive healthcare market in India was valued at INR 3.71 Tn in 2019 and is expected to reach INR 14.58 by 2025, expanding at a compound annual growth rate (CAGR) of ~27.30% during the 2020-2025 period. The rise in prevalence of chronic and non-communicable ailments like hypertension, diabetes, arthritis, cancer and cardiovascular diseases, as well as the easy availability of advanced medical devices and services are driving the market to prosper. Moreover, the cost-effective nature of preventive healthcare has made it more adaptable for Indians. However, lack of awareness regarding preventive healthcare facilities among people and inadequate insurance coverage for preventive treatments are impeding market growth.
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Segment Insights:
The preventive healthcare market in India is segmented into healthy consumption, fitness and wellness, infection prevention care, health monitoring, and wellbeing assurance segments. As of 2019, the preventive healthcare market was dominated by the healthy consumption segment, which accounted for ~26.55% of the total market revenue. The healthy consumption segment consists of nutraceuticals, healthy foods, organic skincare and other skincare products. The wellbeing assurance market is anticipated to be the fastest growing, expanding at a CAGR of ~31.91% during the forecast period. The growth can be attributed to the increasing popularity of telehealth and telemedicine services, owing to the social distancing and self-isolation norms imposed to curb the spread of COVID-19. By 2025, fitness and wellness, infection prevention care, and health monitoring segments are expected to hold ~9.30%, ~16.15% and ~22.80% shares, respectively, in terms of market revenue.
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Key Answers Captured in Study are
Which geography would have better demand for product/services?
What strategies of big players help them acquire share in regional market?
Countries that may see the steep rise in CAGR & year-on-year (Y-O-Y) growth?
How feasible is market for long term investment?
What opportunity the country would offer for existing and new players in the Preventive Healthcare market?
Risk side analysis involved with suppliers in specific geography?
What influencing factors driving the demand of Preventive Healthcare near future?
What is the impact analysis of various factors in the Preventive Healthcare market growth?
What are the recent trends in the regional market and how successful they are?
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Some extract from Table of Contents
• Overview of Preventive Healthcare Market
• Preventive Healthcare Size (Sales Volume) Comparison by Type (2019-2025)
• Preventive Healthcare Size (Consumption) and Market Share Comparison by Application (2019-2025)
• Preventive Healthcare Size (Value) Comparison by Region (2019-2025)
• Preventive Healthcare Sales, Revenue and Growth Rate (2019-2025)
• Preventive Healthcare Competitive Situation and Trends
• Players/Suppliers High Performance Pigments Manufacturing Base Distribution, Sales Area, Product Type
• Analyze competitors, including all important parameters of Preventive Healthcare
• Preventive Healthcare Manufacturing Cost Analysis
• Marketing Strategy Analysis, Research Conclusions
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