Wilmington, Delaware, May 4, 2023 GlobeNewswire — From 2021 to 2028, the global preventive healthcare technologies and services market is expected to grow 13% to USD 557.47 Mn.
Global market growth is driven by government policies to modernize healthcare systems. These policies promote awareness, prevention, and healthcare IT adoption, growing the industry.
Digital technology usage and self-monitoring gadget demand will increase the preventive healthcare technologies and services market.
In poor countries like the Philippines, India, and Sri Lanka, high installation and maintenance costs have hindered preventive healthcare adoption. Physicians and pharmacists also avoid preventative healthcare technologies due to a lack of patient engagement. Stakeholders in the preventive healthcare technology and services sector must raise awareness of healthcare IT’s cost-efficiency and long-term cost savings.
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Hospitals and pharmacists embraced digital systems after COVID-19. Computer systems and software have guaranteed a steady supply of life-saving pharmaceuticals and medical devices during the epidemic, driving demand for preventive healthcare technologies and services.
Preventive Healthcare Market Drivers
Healthcare IT’s cost-cutting benefits boost preventative healthcare technology and services market growth.
COVID-19-related digitalization and rising healthcare IT use in developing nations are expected to boost industry growth.
Preventive Healthcare Technologies and Services Market: Study results
The high demand for flu vaccines during COVID-19 forced production units, medical packaging businesses, and vaccine delivery sites to embrace healthcare IT. Preventive healthcare and technology markets had huge potential opportunities.
Good manufacturing procedures (GMP) were followed to produce and supply life-saving pharmaceuticals and medical equipment during the epidemic. Preventive healthcare technology and services are increasingly using on-demand products and services. With the rise of computerized order entry and automated prescription systems, next-generation technologies like machine learning (ML) will gain popularity.
Early Detection and Screening Technologies Need Personalized Medicine and Automated Screening Early detection and screening technologies divide the global market into customized medicine, automated screening, and other advanced screening procedures. Due to proteomics and genomes studies, customized medicine led in 2020. Due to healthcare clinics and pharmacies increasing their use of telehealth kiosks and automated screening, the automated screening segment is expected to grow at a high CAGR.
Regional Preventive Healthcare Market
North America will lead the global market with 39.70% by 2028. Favorable reimbursement regulations, early acceptance of healthcare technologies, knowledge of preventative healthcare technologies, and major players drive growth in the region.
After commercialization, novel technologies including CDSS, electronic prescribing, formulation, dispensing, and automated prescription will propel the North American market. Latin America and Asia Pacific, where healthcare technology penetration is low, are expected to benefit from these innovations. However, healthcare stakeholders in these regions’ efforts to raise awareness of preventive healthcare technologies and services’ long-term benefits are expected to boost adoption.