Preventive Healthcare Technologies and Services Market Size

Preventive Healthcare Technologies and Services Market Size

Preventive Healthcare Technologies and Services Market size was valued at USD 251.2 billion in 2023 and is set to grow at 10.3% CAGR from 2024 to 2032.These services refer to a range of medical tools, interventions, strategies, and healthcare practices that are designed to prevent the onset or progression of diseases before they become more serious or require more extensive treatment.

The prevalence of chronic diseases, such as diabetes and obesity, has surged demand for these preventive services. For instance, according to WHO, chronic diseases are the leading cause of death globally, accounting for nearly 71% of all deaths worldwide. Thus, preventive measures help to mitigate the risk and reduce the impact of these conditions thereby accelerating the market progress.

Rising number of government awareness programs has increased popularity of preventive healthcare over the last decade. The Patient Protection and Affordable Care Act, commonly known as Obamacare, was enacted in 2010 and has mandated the inclusion of preventive healthcare services by insurance providers at no additional cost until now. Therefore, the private insurance companies are also currently shifting their focus on this market due to its enormous potential.