Future Outlook of the Preventive Healthcare Technologies And Services Market: Growth, Trends, and Emerging Opportunities Explored
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How has the preventive healthcare technologies and services market grown over the years?
The market size for preventive healthcare technologies and services has experienced a swift expansion in recent years. It is projected to increase from $296.48 billion to $344.39 billion between 2024 and 2025, which represents a compound annual growth rate (CAGR) of 16.2%. The historical growth in this market can be linked to factors such as heightened health consciousness, a growing load of chronic illnesses, government programs and health plans, a transition to value-based healthcare, consumer enablement, and improved health literacy.
What Is the forecasted market size and growth rate for the preventive healthcare technologies and services market?
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What are the major factors driving growth in the preventive healthcare technologies and services market?
The rise in the elderly population is fuelling the need for preventive healthcare technologies and services. As aging is associated with an increase in health issues, earlier detection or prevention can mitigate the risk and severity of such problems. A survey by the United Nations, an intergovernmental organization, predicts that by 2050, the population aged 65 years or older will reach approximately 1.5 billion. This surge in the older demographic will have a direct influence on the preventive healthcare technologies market.
What key areas define the segmentation of the global preventive healthcare technologies and services Market?
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
Subsegments:
1) By Early Detection And Screening Technologies: Diagnostic Imaging, Genetic Testing, Biomarker Testing
2) By Vaccines: Preventive Vaccines, Therapeutic Vaccines
3) By Chronic Disease Management Technologies: Telehealth Services, Remote Monitoring Tools, Mobile Health Applications
4) By Advanced Technologies To Reduce Errors: Clinical Decision Support Systems, Medication Management Systems, Electronic Health Records (EHR) Systems
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What are the top market players propelling the growth of the preventive healthcare technologies and services industry?
Major companies operating in the preventive healthcare technologies and services market include McKesson Corporation, Walgreens Boots Alliance Inc., Pfizer Inc., Merck & Co Inc., GlaxoSmithKline plc, Medtronic plc, TELUS Health Inc., Quest Diagnostics Incorporated, Cerner Corporation, Teladoc Health Inc., Omnicell Inc., CitiusTech Inc., Change Healthcare Inc., Tivity Health Inc., Allscripts Healthcare Solutions Inc., Included Health Inc., Myriad Genetics Inc., Vocera Communications Inc., Viatronix Inc., Dilon Technologies Inc., Novx Systems Inc., U-Systems Inc., Omron Healthcare Inc., GRAIL Inc., Maven Clinic Inc., Novartis AG, Pearl Health Inc., Sanofi S.A.
What are the key trends shaping the future of the preventive healthcare technologies and services market?
Some of the leading firms in the preventive healthcare technologies and services market feature the likes of McKesson Corporation, Walgreens Boots Alliance Inc., and Pfizer Inc., among many others. This list also includes renowned companies such as Merck & Co Inc., GlaxoSmithKline plc, Medtronic plc, and TELUS Health Inc. Other notable industry players comprise Quest Diagnostics Incorporated, Cerner Corporation, Teladoc Health Inc., and Omnicell Inc. CitiusTech Inc., Change Healthcare Inc., Tivity Health Inc., and Allscripts Healthcare Solutions Inc. also make the list. Additionally, Included Health Inc., Myriad Genetics Inc., Vocera Communications Inc., Viatronix Inc., and Dilon Technologies Inc. contribute to the market. Finally, Novx Systems Inc., U-Systems Inc., Omron Healthcare Inc., GRAIL Inc., Maven Clinic Inc., Novartis AG, Pearl Health Inc., and Sanofi S.A. are also operating in this market.
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What regions are dominating the preventive healthcare technologies and services market growth?
North America was the largest region in the preventive healthcare technologies and services market in 2024. 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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