Preventive healthcare technologies and services market to hit $773b by 2034

Its growth is attributed to an increasing focus on preventive care following the pandemic.

The global preventive healthcare technologies and services market is projected to reach over $773b by 2034 at a compound annual growth rate of 10.6%, according to Transparency Market Research.

The sector’s expansion is attributed to an increasing focus on preventive care following the COVID-19 pandemic.

Meanwhile, developments in artificial intelligence, machine learning, and the Internet of Things further drive the market by enabling individuals to monitor and manage their health proactively.

“As digital solutions become more accessible, preventive care technologies such as telemedicine, wearable devices, and mobile health applications are becoming more mainstream,” the report said.