The Preventive Healthcare Technologies And Services Global Market Report 2023 by The Business Research Company, provides preventive healthcare technologies and services market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.
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According to The Business Research Company’s Preventive Healthcare Technologies And Services Global Market Report 2023, the global preventive healthcare technologies and services market size grew from $220.95 billion in 2022 to $251.83 billion in 2023 at a compound annual growth rate (CAGR) of 14.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The preventive healthcare technologies and services market size is expected to grow to $441.5 billion in 2027 at a CAGR of 15.1%.
An increase in the older population pool is increasing demand for the preventive healthcare technologies and services market. Medical problems are known to increase with age, due to this preventing or identifying problems at an early stage can decrease the risk and intensity of the issue.
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The preventive healthcare technologies and services market is segmented:
1) By Type: Early Detection and Screening Technologies, Vaccines, Chronic Disease Management Technologies, Advanced Technologies to Reduce Errors
2) By Application: Hospitals, Clinics
The use of artificial intelligence (AI) as a preventive healthcare technique is a rising trend in the preventive healthcare technologies and services market. Many medical conditions such as identifying type 1 diabetes, indications of Alzheimer’s, and predicting breast cancer, cardiovascular diseases can be identified using the advanced AI technologies. Some orthopedic spine surgery experts from Boston-based Massachusetts General Hospital suggest that machine learning and AI can also predict personalized and accurate assumptions of where fractures will happen on a patient based on the history of the patient and the historic database available. Similarly, in November 2020, Medtronic, American-Irish registered medical device company acquired France based company, Medicrea that provides AI-driven surgical planning and predictive modelling tools which helps to improve the quality of spine management.
The preventive healthcare technologies and services market report table of contents includes:
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