On-site Preventive Care Services Market size is forecast to reach $187.6 billion by 2026, growing at a CAGR of 7.9% during the forecast period 2021-2026. On-site medical care offered recovery services to staff and members dealing with occupational well-being. These programs assist in lowering the risk of potential sickness for workers, as well as addressing their current needs, vaccines, physical schedules, and monitoring for health problems such as anxiety, hypertension, among others. Nutrition management, infectious illness management, acute care, fitness and coaching, diagnostic screening, and other health care programs are available on-site. Increasing prevalence of cardiovascular diseases and chronic diseases such as cancer and others among the people coupled with rising geriatric population are the major factors driving the growth of the market. Increasing research & development activities and enhancing healthcare infrastructure is set to further enhance the overall market development of the On-site Preventive Care Services Market for the period 2021-2026.
On-site Preventive Care Services Market Segment Analysis – By Service Type
Chronic Disease Management held the largest share in the On-site Preventive Care Services Market in 2020 and is estimated to grow at a CAGR 8.3% during the forecast period 2021-2026. Chronic Disease Management include care to the patients who suffering from chronic diseases and conditions by medical professional. The service record the patient’s chronic conditions, personal information, goal, medications and any other services needed to their conditions. The service has 24/7 access to patient’s care plan and health information. Chronic Disease Management are estimated to register the higher CAGR over the period 2021-2026.
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On-site Preventive Care Services Market Segment Analysis – By Management Model
In-House Management held the largest share in the On-site Preventive Care Services Market in 2020 and is estimated to grow at a CAGR 8.7% during the forecast period 2021-2026. In in-house management professional provide service to the patient and they are responsible for making assessments and communicating findings. This aspect influences patient care and outcomes. Another distinctive feature of home healthcare is that physicians provide medical services to each patient in his or her own setting. In-House Management are estimated to register the higher CAGR over the period 2021-2026.
On-site Preventive Care Services Market Segment Analysis – By Geography
North America dominated the On-site Preventive Care Services Market with a major share of 41.2% in 2020. This is attributed to rising prevalence of chronic diseases such as cancer and other and growing concern about On-site Preventive Care Services in this region is also increasing the growth of the market in this region. However, Asia Pacific is estimated to grow at a higher CAGR during the forecast period 2021-2026 owing to the development of health infrastructures and increasing awareness of health care. Increasing awareness of health care also increasing the growth of the market in this region.
On-site Preventive Care Services Market Drivers
Increasing Prevalence of Cardiovascular Diseases
Increasing prevalence of cardiovascular diseases is increasing the growth of the On-site Preventive Care Services Market. This is attributed to the development of the technologically advanced devices with extended longevity. Some of the major factors of cardiovascular disease includes unhealthy diet and physical inactivity among others which raises the blood pressure and blood glucose causing overweight and obesity. According to WHO, 4 out of 5 cardiovascular deaths are owing to heart attacks and strokes, and one third of these deaths occur prematurely in people under 70 years of age. Thus, increasing the growth of the On-site Preventive Care Services Market during the forecast period 2021-2026.
Technological Advancements
Technological advancements is increasing the growth of the On-site Preventive Care Services Market. Technological advancements has enabled the service provider to extend services for different diseases. Increasing advancements in On-site Preventive Care Services has provided an opportunity to monitor the condition of patients, sends reminders to adhere to the respective prescribed treatment, and also notifies the healthcare status reports. Thus, increasing the growth of the On-site Preventive Care Services Market during the forecast period 2021-2026.
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On-site Preventive Care Services Market Challenges
Lack of Skilled and Trained Healthcare Professionals
Some of the factors that are set to impede the growth of the On-site Preventive Care Services Market are lack of skilled and trained healthcare professionals. High cost of On-site Preventive Care Services, lack of compensation policy, and high initial investment is also set to hinder the growth of the market.
On-site Preventive Care Services Market Landscape
Product launches, mergers and acquisitions, joint ventures, and R&D activities are key strategies adopted by players in the On-site Preventive Care Services Market. In 2020, the On-site Preventive Care Services Market share is consolidated by the top ten players present in the market. The On-site Preventive Care Services Market, top 10 companies are Cornerstone Health Care, Healthifyme Wellness Products and Services Pvt. Ltd., Onsite Wellness, Wellness Corporate Solutions, LLC., Marino Wellness, Premise Health, Verve Health, PreVmed, and TotalWellness
Key Takeaways
North America dominated the On-site Preventive Care Services Market in 2020 owing to the wide availability of advanced technologies and favorable reimbursement policies. The On-site Preventive Care Services Market scope for different regions will be provided in the final report.
Increasing healthcare expenditure and technological advancement along with the new innovations are likely to aid the market growth of the On-site Preventive Care Services Market report.
Detailed analysis of the Strength, Weakness, and Opportunities of the prominent players operating in the market will be provided in the On-site Preventive Care Services Market report.
Lack of skilled and trained healthcare professionals and high cost of service is poised to create the hurdles for the On-site Preventive Care Services Market.
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