Market Analysis on Preventive Medicine & Public Health

Sergey Suchkov

Published Date: 2019-12-20
Sergey Suchkov

Moscow Engineering Physical Institute, Russia,E-mail:ssuchkev57@gmail.com

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Market Analysis

The major objective of preventive medicine is the nonappearance of disease, be it by forestalling the occurrence of a disease or by halting a disease thereby reducing the resulting complications after its beginning just as health incorporates an assortment of physical and mental states, so does disease, which is affected by lifestyle, external or genetic factors. Health, and to truly change the economics of our healthcare system, An estimated 80% of heart disease, stroke, and type-2 diabetes, and 40% of cancers, could be prevented if Americans stopped smoking, adopted healthy diets, and became more physically active. Despite evidence that preventive services such as smoking cessation work, our health system continues to emphasize expensive treatments. This approach is further complicated by a fractured delivery system in which individuals with chronic conditions often see more than one provider and take multiple medications.

Market Scenario and Overview:

Last year, America's total medical costs hit a new record of $3.4 trillion, according to the federal government. That's about 18 percent of the country's total GDP, meaning that one out of every six dollars we spent in 2016 went to health care.

Healthcare is one of the highest growth industries in the entire world. ... According to the Bureau of Labor Statistics, more than 14.3 million people are employed in the healthcare industry, and it's projected that 3.2 million new healthcare related jobs will be created over the next 8 years. The preventive healthcare market in India is expected to be a $100 billion industry by 2022, and is witnessing growth at 18% CAGR – much higher than the y-o-y growth in consumer retail spend.

Preventive Medicine Market is isolated topographically into regions Western Europe, Eastern Europe, North America, Latin America, Asia-Pacific, and the Middle East. North America is the biggest and quickest developing business sector for preventive healthcare technologies and services during the forecast period of 2014 to 2020. Asia-Pacific and the Middle East and others are experiencing low growth now but are expected to gain potential markets in the coming future. The anticipation from the global preventive medicine market is to reach USD 432.4 billion by 2024. The market is expected to extend at a 9.70% CAGR from 2014 to 2020, with its value rising from US$72.8 billion in 2013 to US$144.8 billion by 2020.

Regional Analysis of Preventive medicine and Public Health Services

USA: North America being the biggest and the fastest developing region is fuelled by growing awareness, supportive reimbursement policies, and the presence of several leading players. Currently, North America holds almost half of the global market share with 48 % and is expected to continue to dominate in the forecast too.

Europe: Europe is the second largest for preventive healthcare market and services. High healthcare spending per capita and developed economies and in countries like Germany and France are the driving factors for market growth in the region. European preventive market is able to grow because of the achievements of the high-risk factor epidemiology in the region. Europe holds 37% of Global market share.

The Middle East and Asia Specific: Asia-Pacific and Rest of the World are expected to be potential markets in the future, with the current market estimated to be low, holding only 15% of the share.

Preventive Medicine and Public Health market have a lot to offer to the Preventive Medicine Specialists, Public Health professionals, Physicians, pharmaceutical producers, etc. It has already made an impact in developed countries like Europe, USA, Canada, and Australia.

Scope & Importance

As per available reports about 1 relevant journal, 73 Conferences, 35 workshops are presently dedicated exclusively to Preventive Medicine and about 8 articles are being published on Preventive Medicine.

Preventive Medicine is practiced by all physicians to keep their patients healthy. It is also a unique medical specialty recognized by the American Board of Medical Specialties (ABMS). Preventive Medicine focuses on the health of individuals, communities, and defined populations. Its goal is to protect, promote, and maintain health and well-being and to prevent disease, disability, and death.

Preventive medicine specialists are licensed medical doctors (MD) or doctors of ostheopathy (DO), who possess core competencies in biostatistics, epidemiology, environmental and occupational medicine, planning and evaluation of health services, management of health care organizations, research into causes of disease and injury in population groups, and the practice of prevention in clinical medicine. They apply knowledge and skills gained from the medical, social, economic, and behavioral sciences. Preventive medicine has three specialty areas with common core knowledge, skills, and competencies that emphasize different populations, environments, or practice settings: aerospace medicine, occupational medicine, and public health and general preventive medicine.

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Medical Associations:

1. Academic Pediatric Association

2. Aerospace Medical Association

3. Ambulatory Surgery Center Association

4. American Bronchoesophagological Association

5. American Clinical and Climatological Association

6. American Medical Association

7. American Medical Group Association

8. American Medical Marijuana Association

9. American Medical Student Association

10.American Medical Women's Association

11.American Thyroid Association

12.American Urological Association

13.Arkansas EMT Association

14.Asian Pacific American Medical Student Association

15.Assistive Technology Industry Association

16.Association for the Behavioural Sciences and Medical Education

17.Association for the Treatment of Sexual Abusers

18.Association of Academic Physiatrists

19.Association of American Medical Colleges

20.Association of American Physicians

21.Association of American Physicians and Surgeons

22.Association of Internes and Medical Students

23.Association of LGBTQ Psychiatrists

24.Association of Medical Illustrators

25.Association of Physicians of Pakistani Descent of North America

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Medical Organisations:

1. Royal College of Pathologists of Australasia

2. Australasian College for Emergency Medicine

3. Australian Medical Association

4. Australian and New Zealand College of Anaesthetists

5. Doctors Reform Society of Australia

6. National Prescribing Service

7. Royal Australasian College of Physicians

8. Royal Australasian College of Surgeons

9. Royal Australian and New Zealand College of Radiologists

10.Royal Australian College of General Practitioners

11.Royal Australian and New Zealand College of Psychiatrists

12.Royal Australian and New Zealand College of Obstetricians and Gynaecologists

13.Royal Australian and New Zealand College of Ophthalmologists

14.Royal Australian and New Zealand College of Radiologists

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