Albany, NY -- (SBWIRE) -- 03/16/2019 -- Preventive Healthcare Technologies and Services Market: Snapshot
Preventive healthcare services includes measures taken for counteractive action of ailments caused either by diagnosis of the disease or vaccination. The ailments that are observed or vaccinated limitlessly are cardiovascular problems, perpetual respiratory ailment, other complications, certain contagious illnesses, and diabetes. These advancements help in aversion of sicknesses by diagnosing the infection early or vaccination.
Preventive healthcare technological innovations and facilities are immensely popular due to rising rates of cardiovascular sicknesses, constant respiratory ailments, and certain prescription or dispensing mistakes. The report gives a general data and information of the worldwide preventive healthcare services and technology market in terms of market segments, drivers, restraints, advancements, benefits and in addition geographic areas.
According to the report, the global preventive healthcare technologies and services market is highly competitive and is expected to witness a significant growth rate with a strong CAGR of 9.70% within the forecast period from 2014 to 2020. In the year 2013, the market was evaluated to be around worth US$ 72.8 bn. This market value is anticipated to soar at whooping figure of US$ 144.8 bn by the end of 2020.
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Supportive Government Policies to drive the Growth of Preventive Healthcare Technologies and Services Market
Helpful government strategies that are giving good condition to preventive healthcare technologies and services and expanding mindfulness and activities for prophylaxis are significant reasons that are driving the development of this market. So also, lessened medicinal services cost trouble because of entrance of preventive healthcare technologies and services and expanding interest for self-monitoring gadgets are other key elements expected to move the market development. However, high establishment and support costs have upset the entrance of preventive healthcare technologies in the developing markets of the world.
Lacking patient engagement exercises have demotivated the doctors and drug specialists to embrace the innovation. The market for preventive healthcare technologies and services is to a great extent driven by the rising open mindfulness about inoculation and sickness administration, valuable government arrangements went for the improvement of social insurance IT, mechanical upgradation, and developing interest to diminish medicinal services costs.
North America to Rule Other Region Due to Technological Advancement
Based on early detection and screening technologies the market is broadly segmented into personalized medicine, prophylaxis technologies, automated screening, and other advanced screening tests. On the basis of advanced technologies to reduce errors the market is divided into electronic prescribing, automated prescription, formulation and dispensing, clinical decision support system, smart infusion pumps, computerized provider order entry systems, and smart packaging. As per flu vaccines the market is categorized into combined tetanus-diphtheria-pertussis vaccines, meningococcal vaccines, human papillomavirus vaccine, and other new vaccines. Moreover, chronic disease management technologies is segmented into glucose monitors, blood pressure monitors, asthma monitors, and cardiac monitors.