Medical health screening services provide assessment and analysis of important health parameters that help in early detection of diseases. These services help identify risk factors, assess overall health status and provide recommendations for improved health outcomes. Screening for conditions like cardiovascular diseases, diabetes, various types of cancers help detect diseases at an early stage when treatment tends to be less intensive and more effective.
The global Medical Health Screening Services Market is estimated to be valued at US$ 30.6 Bn in 2024 and is expected to exhibit a CAGR of 11% over the forecast period 2024-2031, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
The growth of the medical health screening services market is accelerated by the rising awareness of preventive healthcare among the global population. Preventive health screenings can detect diseases early when they are most treatable. With growing healthcare costs, preventive screenings can reduce healthcare expenditure in the long run. As knowledge about preventing illnesses increases, more people are opting for routine medical screenings. Companies are leveraging technology like AI and cloud-based platforms to improve service efficiency and provide customers with digital screening options for tests like cardiometabolic or cancer screening from the comfort of their homes. This trend is expected to drive further market growth over the forecast period.
Segment Analysis
The Medical Health Screening Services Market Size can be segmented into laboratory tests, genetic tests, cardiometabolic monitoring, and others. Laboratory tests hold the dominant share as they provide a comprehensive assessment of overall health. Being one of the most common type of tests ordered, lab tests evaluate various health parameters like cholesterol levels, blood counts, kidney/liver functions, infections, etc.
Key Takeaways
The global medical health screening services market is expected to witness high growth over the forecast period of 2024 to 2031.
Regional analysis shows that North America currently dominates owing to the developed healthcare infrastructure and higher awareness regarding preventive healthcare. Asia Pacific is poised to grow at the fastest rate led by rising healthcare expenditure and growing medical tourism industry in countries like India and Thailand.
Key players operating in the medical health screening services market are Oracle Corporation, Veeva Systems, Axion Real-Time Metrics, IBM Watson Health, CIMS Global, eClinical Solutions LLC, MMS Holdings, Calyx, Fortress Medical and Ennov. These companies provide a range of medical screening and diagnostic testing services as well as develop supporting software and technologies. They are focusing on expanding their service offerings and geographical footprint to capitalize on the opportunities arising from increased preventive healthcare spending worldwide.
Explore more related article on this topic: https://www.pressreleasebulletin.com/the-mobile-health-screening-services-market/
Comments
0 comment