Preventive healthcare refers to the branch of medicine that helps in the early detection of diseases, thus allowing patients, access to prompt treatment. There are five stages of preventive healthcare primal prevention, primordial prevention, primary prevention, secondary prevention and tertiary prevention. Market insights: In 2019, preventive healthcare accounted for ~11% of Indias overall healthcare expenditure. The preventive healthcare market in India was valued at INR 3.71 Tn in 2019 and is expected to reach INR 14.58 by 2025, expanding at a compound annual growth rate (CAGR) of ~27.30% during the 2020-2025 period. The rise in prevalence of chronic and non-communicable ailments like hypertension, diabetes, arthritis, cancer and cardiovascular diseases, as well as the easy availability of advanced medical devices and services are driving the market to prosper. Moreover, the cost-effective nature of preventive healthcare has made it more adaptable for Indians. However, lack of awareness regarding preventive healthcare facilities among people and inadequate insurance coverage for preventive treatments are impeding market growth. Segment Insights: The preventive healthcare market in India is segmented into healthy consumption, fitness and wellness, infection prevention care, health monitoring, and wellbeing assurance segments. As of 2019, the preventive healthcare market was dominated by the healthy consumption segment, which accounted for ~26.55% of the total market revenue. The healthy consumption segment consists of nutraceuticals, healthy foods, organic skincare and other skincare products. The wellbeing assurance market is anticipated to be the fastest growing, expanding at a CAGR of ~31.91% during the forecast period. The growth can be attributed to the increasing popularity of telehealth and telemedicine services, owing to the social distancing and self-isolation norms imposed to curb the spread of COVID-19. By 2025, fitness and wellness, infection prevention care, and health monitoring segments are expected to hold ~9.30%, ~16.15% and ~22.80% shares, respectively, in terms of market revenue. COVID-19 impact analysis: The outbreak of the novel Coronavirus, followed by a long-term global lockdown has had a severe impact on the overall preventive healthcare market in India. Market segments including health monitoring devices, healthy consumption products, digital healthcare services, telehealth services and telemedicine solutions are likely to benefit amid the crisis. The surge in demand for immunity-boosting consumption products and infection-prevention products, growing anxiety regarding hospital and outpatient visits, and initiatives undertaken by the Indian government to encourage preventive healthcare are likely to accelerate market growth. The fitness and wellness segment has witnessed a significant setback due to the risk of virus transmission from social gatherings, and the imposition of social distancing norms. Companies covered 3M India Limited Amway India Enterprises Private Limited Fitness First India Private Limited HealthifyMe Wellness Private Limited Practo Technologies Private Limited Serum Institute of India Private Limited Svasth Life Private Limited GOQii Technologies Private Limited OMRON Healthcare India Private Limited Xiaomi Technology India Private Limited
Table of Contents
Chapter 1: Executive summary Chapter 2: Socio-economic indicators Chapter 3: Introduction 3.1. Market definition and structure Chapter 4: Market overview 4.1. India preventive healthcare market overview 4.1.1. Market size and growth forecast based on value (2018-2025e) Chapter 5: Market segmentation 5.1. India preventive healthcare market segmentation 5.1.1. India preventive healthcare market share based on type (2018-2025e) 5.1.2. India healthy consumption market size and growth forecast (2018-2025e) 5.1.3. India fitness and wellness market size and growth forecast (2018-2025e) 5.1.4. India infection prevention care market size and growth forecast (2018-2025e) 5.1.5. India health monitoring market size and growth forecast (2019-2025e) 5.1.6. India wellbeing assurance market size and growth forecast (2019-2025e) Chapter 6: Impact of COVID-19 6.1. Impact of COVID-19 6.1.1. COVID-19 and its impact on the overall preventive healthcare market 6.1.2. Government regulatory measures to control the spread of COVID-19 6.1.3. Mobile applications developed in response to COVID-19 6.1.4. Drugs identified to be effective against COVID-19 6.1.5. Preventive healthcare companies likely to benefit from the COVID-19 crisis Chapter 7: Market influencers 7.1. Market drivers 7.2. Market challenges Chapter 8: Government initiatives 8.1. Government initiatives 8.2. Funding on digital healthcare start-ups Chapter 9: Competitive landscape 9.1. Prominent players in India preventive healthcare market segments 9.2. Key players 9.2.1. 3M India Limited - Company information - Business description - Products/services - Key people - Financial snapshot - Key business segments - Key geographical segments Note: Financial data and segment-wise data is available for public companies only 9.2.2. Amway India Enterprises Private Limited 9.2.3. Fitness First India Private Limited 9.2.4. HealthifyMe Wellness Private Limited 9.2.5. Practo Technologies Private Limited 9.2.6. Serum Institute of India Private Limited 9.2.7. Svasth Life Private Limited 9.2.8. GOQii Technologies Private Limited 9.2.9. OMRON Healthcare India Private Limited 9.2.10. Xiaomi Technology India Private Limited Chapter 10: Recent developments 10.1. Recent developments Chapter 12: Appendix 11.1. Research methodology 11.2. About Netscribes 11.3. Disclaimer
This research report involves complete picture of the market with the help of in-depth secondary and primary research. This research report studies several aspects of the market and analyze vital industry influencers. Extensive secondary research has been conducted using paid as well as open access data sources in order to gather information on the market and parent market. These key findings are then analyzed and validated with the help of in-house data models and primary discussions with key industry participants and experts across the value chain
Research Tools and Models
- Top-Down Approach and Bottom-Up Approach
- QFD Modeling for Market Size and Share Calculation
- Regression, Variable and Impact Analysis
- Penetration Modeling
- It comprises briefing about market dynamics and business opportunities and strategies.
- Finally, all the research findings are validated through interviews with in-house industry experts, freelance consultants and key opinion leaders etc.
It involves various mathematical tools, models, projection, and sampling techniques. It involves following steps:
- Identification of market variables and market size derivation
- Assessment of future prospects, opportunities and market penetration rates by analyzing product commercialization, regional trends etc.
- Evaluation historical market trends and derivation of present and future year-on-year growth trends