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Constructive Government Policies behind Positive Growth of Global Preventive Healthcare Technologies and Services Market, TMR States
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High Cost of Installation to Restrain Growth of Global Preventive Healthcare Technologies and Services Market
Increasing public awareness about prophylaxis and constructive government policies have played a pivotal role in the growth of the global preventive healthcare technologies and services market. The introduction of advanced technologies has significantly reduced the cost of healthcare. However, high costs of installation and maintenance of healthcare IT solutions have dampened the adoption of preventive healthcare technologies and services. “Deficient patient engagement activities have hampered the motivation of physicians and pharmacists to adopt preventive healthcare technologies,” a TMR analyst notes.
Favorable Regulatory Environment Augments Demand for Preventive Healthcare Technologies and Services across North America
North America remains the largest market for preventive healthcare technologies and services and is anticipated to retain its position during the forecast horizon. A conductive regulatory environment and a comprehensive healthcare reimbursement scenario have helped the growth of the market across this region. In 2003, the United States Medicare Prescription Drug Improvement and Modernization Act made provisions for physicians to avail grants worth US$50 mn to cover the costs of acquisition, installation, and upgrade of preventive healthcare software solutions and technologies. The act also made provisions for availing funds for training staffs. This significantly encouraged the regional healthcare facilities to adopt IT services, thereby aiding the growth of the global healthcare technologies and services market.
Lack of Robust Healthcare Structure Hampers Growth of Global Preventive Healthcare Technologies and Services Market across Asia Pacific
Europe is the second largest market for preventive healthcare technologies and services. Though the market has ample opportunities to grow across Asia Pacific and Rest of the World, the rate of adoption of preventive healthcare services in these regions is expected to be slow. “The sluggishness in the growth of these regional markets can be attributed to the lack of a robust healthcare infrastructure,” TMR report states.
The global preventive healthcare technologies and services market is anticipated to expand at a CAGR of 9.7% during the period from 2014 to 2020. The overall market was worth US$72.8 bn in 2013 and is projected to reach a valuation of US$144.8 bn by 2020.
To access full report, please visit: http://www.transparencymarketresearch.com/preventive-healthcare-technologies.html
The review is based on the findings presented by a report published by Transparency Market Research, titled “Preventive Healthcare Technologies and Services Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014-2020.”
Global preventive healthcare technologies and services market has been segmented as:
Global Preventive Healthcare Technologies and Services Market
• Early Detection and Screening Technologies
o Personalized Medicine
o Automated Screening
o Other Advanced Screening Tests
o Prophylaxis Technologies
• Flu vaccines
o Meningococcal Vaccines
o Combined Tetanus-Diptheria-Pertussis Vaccines
o Human Papillomavirus Vaccine
o Other new Vaccines
• Advanced Technologies to Reduce Errors
o Electronic Prescribing
o Computerized Provider Order Entry Systems
o Clinical Decision Support System
o Automated Prescription, Formulation and Dispensing
o Smart Infusion Pumps
o Smart Packaging
• Chronic Disease Management Technologies
o Blood Pressure Monitors
o Glucose Monitors
o Cardiac Monitors
o Asthma Monitors
Global Preventive Healthcare Technologies and Services Market, by Geography
• North America
• Europe
• Asia-Pacific
• Rest of the World (RoW)
About Us
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
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