North American Market Forecast
The bell's palsy treatment market in the North America region is anticipated to gain the largest revenue share of 29% during the forecast period on account of high healthcare expenditure, and the presence of major pharmaceutical companies. According to the Centers for Medicare and Medical Services, in 2022 United States of America spent USD 13,493 for the healthcare of every individual. The U.S. healthcare spending grew 4.1 percent in 2022, reaching 4.5 trillion USD. The North America region market is anticipated to lead the bell's palsy treatment market, with the onset of Bell’s palsy potentially accelerated by an increase in heart rate. Moreover, heightened government support, a growing demand for advanced technological therapies, and an increasing preference for minimally invasive procedures are anticipated to propel the growth of the market in North America.
APAC Market Analysis
The Asia Pacific bell's palsy treatment market is estimated to the second largest, share of about 22% by the end of 2036. The market’s expansion can be attributed majorly to the emerging healthcare infrastructure and improved medical facilities available in developing nations such as India, Bangladesh, and Indonesia. Moreover, a lack of sanitation and health awareness can be a cause of viral infection in the region. Furthermore, medical advancements in the region have profoundly grown over the years. For instance, from May 2021 to April 2023 a randomized controlled trial using Laser acupuncture and photobiomodulation was performed on patients who had Bell’s palsy for more than 8 weeks in the out-patient department of Otorhinolaryngology in Beijing Tongren Hospital, China. One group received laser acupuncture treatment and the control group received treatment without laser acupuncture 3 times per week. The study indicated that laser acupuncture was effective in Bell’s palsy patients rather than the control group.
Author Credits: Radhika Pawar
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