The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company’s preventive healthcare technologies and services market report forecasts the preventive healthcare technologies and services market size to grow to $441.5 Billion by 2027, with a CAGR (compound annual growth rate) of more than 15%.

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Preventive Healthcare Technologies And Services Market Size Forecast
The global preventive healthcare technologies and services market is expected to grow from $220.95 billion in 2022 to $251.83 billion in 2023 at a compound annual growth rate (CAGR) of 14.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The preventive healthcare technologies and services market size is expected to grow to $441.5 billion in 2027 at a CAGR of 15.1%.

North America held the largest preventive healthcare technologies and services market share, and Europe was the fastest-growing region in 2022.

Key Preventive Healthcare Technologies And Services Market Driver ­– Increase In The Older Population Pool
According to the United Nations survey, an intergovernmental organization, there were around 727 million persons that were aged above 65 years or above in 2020 and it is projected to reach around 1.5 billion in 2050. This increase in the aged people population can also directly impact the preventive healthcare technologies market.

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Key Preventive Healthcare Technologies And Services Market Trend – Adopting Artificial Intelligence As A Preventive Healthcare Technique
Many medical conditions such as identifying type 1 diabetes, indications of Alzheimer’s, and predicting breast cancer, cardiovascular diseases can be identified using the advanced AI technologies. Some orthopedic spine surgery experts from Boston-based Massachusetts General Hospital suggest that machine learning and AI can also predict personalized and accurate assumptions of where fractures will happen on a patient based on the history of the patient and the historic database available. Similarly, in November 2020, Medtronic, American-Irish registered medical device company acquired France based company, Medicrea that provides AI-driven surgical planning and predictive modelling tools which helps to improve the quality of spine management.

Preventive Healthcare Technologies And Services Market Segment
1) By Type: Early Detection and Screening Technologies, Vaccines, Chronic Disease Management Technologies, Advanced Technologies to Reduce Errors
2) By Application: Hospitals, Clinics

Preventive Healthcare Technologies And Services Market Major Players and Strategies
Major players in the preventive healthcare technologies and services market are Omnicell Inc., Merck & Co. Inc., McKesson Corporation, GlaxoSmithKline plc., Medtronic, Quest Diagnostics Inc., Alere, Myriad Genetics Inc., Omron Healthcare, Pfizer Inc., Sanofi, Healthway, Inc., Tivity Health, Dilon Technologies Inc., Novx Systems, Scripto LLC, Viatronix Inc., U-Systems Inc.

In November 2021, Hellman & Friedman and Bain Capital, a private equity firm, acquired Athenahealth, Inc for $17 billion. This acquisition will help Athenahealth become the largest and most innovative provider of cloud-based electronic medical records and physician practice solutions in the USA. Athenahealth, Inc is a cloud computing vendor that enhances the clinical quality, operational efficiency, and delivery of preventive care to many patients in the US.

The Preventive Healthcare Technologies And Services Global Market Report 2023 covers regional data on preventive healthcare technologies and services market size, preventive healthcare technologies and services market trends and drivers, opportunities, strategies, and preventive healthcare technologies and services market competitor analysis. The countries covered in the preventive healthcare technologies and services market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

Preventive healthcare technologies include screenings, check-ups, and patient counselling to identify and prevent health problems. Preventive healthcare technology devices are more commonly used to measure daily lives health patterns like blood oxygen saturation, heart rate, blood pressure, and sleep patterns. The preventive healthcare technologies and services are used to take measures and identify future illnesses and treatment by the healthcare providers.

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