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Preventive Healthcare Technologies & Services Market Opportunity Analysis by 2028
Preventive Healthcare Technologies and Services Market: Overview• Preventive healthcare comprises measures taken for prevention of disease by predetermination of the disease or immunization
• The diseases that are monitored or immunized vastly are cardiovascular diseases, chronic respiratory diseases, accidental complications, diabetes, and certain infectious diseases. In the modern era, preventive healthcare is attributed to technology that aids significant growth in its application range and efficiency.
• A decade old revolution of information technology has also influenced the healthcare market and contributed to the growth of the global preventive healthcare technology and services market
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Rise in Demand for Innovative Technologies: Major Driver
• Constructive government policies that provide favorable environment for healthcare information technology and increase in awareness and initiatives for prophylaxis are the major drivers of the global preventive healthcare technologies and services market
• Reduced healthcare cost burden due to penetration of healthcare information technology and surge in demand for self-monitoring devices are other key factors anticipated to propel the global market
• However, high installation and maintenance costs have hampered the penetration of preventive technologies in the emerging markets. Deficient patient engagement activities have demotivated physicians and pharmacists to adopt the technology.
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Preventive Healthcare Technologies and Services Market: Segmentation
• The global preventive healthcare technologies & services market has been segmented based on early detection & screening technologies, prophylaxis technologies, advanced technologies to reduce errors, and chronic disease management technologies
• In terms of early detection & screening technologies, the global marked has been classified into personalized medicine, automated screening techniques, and other automated screening techniques. Personalized medicine was the largest segment in 2020 due to increase in research on proteomics & genomics.
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North America to Dominate Preventive Healthcare Technologies and Services Market
• In terms of region, the global preventive healthcare technologies and services market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
• North America is projected to dominate the global market during the forecast period, accounting for 39.70% share by 2028. The market in the region is anticipated to reach US$ 221.32 Mn by 2028.
• North America is anticipated to be the largest and fastest growing market for preventive healthcare technologies and services from 2021 to 2028. Supportive reimbursement policies, international hub of information technology, high awareness about preventive healthcare technologies, and presence of major players are the major factors boosting the growth of the market in North America.
• Technologies such as electronic prescribing, clinical decision support system, and automated prescription, formulation, and dispensing are at a nascent stage and are expected to drive the market after commercialization. Hence, other regions such as Asia Pacific, Latin America, and MEA are likely to be potential markets in the near future, with the current market penetration estimated to be low.
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Major Players
• Key players operating in the global preventive healthcare technologies and services market are
o Dilon Technologies, Inc.
o Myraid Genetics, Inc.
o Novx Systems, Inc.
o U-Systems, Inc.
o Viatronix, Inc.
o Sanofi Pasteur MSD
o Merck & Co.
o GlaxoSmithKline plc
o Lifecom, Inc.
o Scripto LLC
o Omnicell, Inc.
o Alere
o Healthways, Inc.
o Omron Healthcare, Inc
o Medtronic
• Each of these players has been profiled in the preventive healthcare technologies and services market report based on parameters such as company overview, financial overview, business strategies, application portfolio, business segments, and recent developments
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Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.
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