Advanced Wound Dressing Market Regional Analysis:
North American Market Insights
North America region is poised to dominate around 45.5% market share by 2035, fueled by the increasing frequency of chronic wounds. Furthermore, there has been a growing demand for diabetic foot ulcer treatment in countries such as the United States, that is further expected to boost the market’s growth in the region. In the U.S., hospital admissions rose by 3 times during foot ulcer episodes, and the death rate rose by 45%, as of 2022. Another growth factor for the market growth in the region is the rising cases of road accidents, sports injuries, and industrial fatalities that create the possibility of getting chronic wounds. In addition, the surge in healthcare expenditure, rising investments in the healthcare industry, and the presence of major key players are also anticipated to bring lucrative growth opportunities for market growth in the upcoming years. Along with that, North America is considered favorable spot for medical tourism owing to its strong healthcare infrastructure. All these factors couple up to spur market growth in the region.
