Transparency Market Research unveiled its "Preventive Healthcare Technologies and Services Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 – 2020" report, which valued the market at $72.8 billion in 2013.
January 23, 2015
Transparency Market Research unveiled its "Preventive Healthcare Technologies and Services Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 – 2020" report, which valued the market at $72.8 billion in 2013, according to a company press release.
The research firm estimates the market will be worth $144.8 billion in 2020, growing at a CAGR of 9.7-percent from 2014 – 2020. The fastest growing segment, the company said, is the automated screening technologies market emerging at a CAGR of more than 14 percent. Increasing demand for automated melanoma screening techniques and telehealth kiosks from pharmacies and clinics are leading the growth.
The rising demand for self-monitoring devices and technological upgrades of health care systems have not only reduced cost, but aided in the growth of preventive health care technologies and services.