Preventive Healthcare Technologies and Services Market Analysis

Preventive Healthcare Technologies and Services Market Analysis

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 The market by type is categorized into early detection and screening, chronic disease management technologies, vaccines, advanced technologies to reduce errors. Early detection and screening segment is further segmented into automated screening, personalized medicine, other advanced screening technologies. This segment garnered USD 85 billion revenue size in the year 2022.
 

• The highest share of the segment is primarily attributable to the benefits of personalized medical technologies, such as high accuracy and early disease or problem detection.
   
• Technological advancements, such as improved diagnostic tools, telemedicine of which the market size reached USD 71.5 billion in 2022, wearable medical devices, and health monitoring apps, have made early detection and screening more accessible and accurate.
   

The preventive healthcare technologies and services market by end-use is categorized into hospitals, clinics, and others. Hospitals held over 41% of industry share in 2022.
 

• Presence of skilled healthcare professionals, advanced equipment in hospital settings is projected to favor the business landscape.
   
• Enhanced health coverage for hospital-based healthcare services from several private and group insurance plans, among others, is further projected to contribute towards market share.
   

U.S. preventive healthcare technologies and services market accounted for USD 70.9 billion revenue size in 2022 and is predicted to witness substantial market growth over the analysis timeline.
 

• Technological advancements coupled with substantial healthcare expenditure are the factors driving the market growth. Increasing burden of chronic diseases among geriatric population further stimulates the demand for preventive healthcare technologies and services.
   
• Major players in the industry are focusing on development of advanced preventive technologies which will create new opportunities for the country’s market growth.