The Global Preventive Healthcare Technologies And Services Market involves the utilization of technologies and equipment such as screening tests, vaccines, and advanced medical imaging products to help diagnose and treat diseases and health conditions at an early stage. The preventive healthcare market offers screening and diagnostic tests for conditions like cardiovascular diseases, diabetes, cancer, and genetic diseases. Early detection through screening tests plays a vital role in ensuring timely treatment options and management of diseases. Preventive healthcare services also involve population health management and health risk assessments to help manage the overall well-being of individuals. The increasing awareness amongst people regarding the benefits of preventive healthcare coupled with the growing prevalence of chronic diseases worldwide is boosting the demand for preventive healthcare technologies and services globally.

The Global Preventive Healthcare Technologies And Services Market is estimated to be valued at US$ 556.64 Bn in 2024 and is expected to exhibit a CAGR of 10.% over the forecast period 2024 to 2031.

Key Takeaways

Key players operating in the Global Preventive Healthcare Technologies And Services Market Growth are Healthlane, Abbott, GSK plc, Myriad Genetics, Omron Healthcare Inc., Quest Diagnostics, Pfizer, Inc., Merck & Co., Inc., Omnicell, Novx Systems, Corp., U-Systems, Ltd., Viatronix, Inc., Scripto LLC, Lifecom, Inc., Dilon Medical Technologies, Inc., and McKesson Corporation.

The rising prevalence of chronic diseases along with the growing geriatric population worldwide is driving the demand for preventive healthcare. According to the World Health Organization (WHO), chronic diseases accounted for 71% of global deaths in 2019. With early detection, many chronic diseases can be prevented, treated, or managed effectively.

Owing to the benefits of early diagnosis and improved health outcomes, preventive healthcare service providers are expanding their global footprint to meet the growing needs of various regions. For instance, large healthcare providers are collaborating and acquiring regional players to leverage local expertise and gain a strong foothold in international markets.

Market Drivers

The increasing awareness about the importance of preventive healthcare through various government and non-government initiatives is a major driver for this market. Rising healthcare costs coupled with the growing burden of chronic diseases have prompted many countries to focus on population health management and preventive care services. Favorable health policies supporting preventive healthcare adoption along with rapid technological advancements are expected to propel the growth of the global preventive healthcare technologies and services market over the forecast period.

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