Diabetic Neuropathy Market Share

North American Market Forecast

The North America diabetic neuropathy market, amongst the market in all the other regions, is projected to hold the largest market share by the end of 2037. The growth of the market can be attributed majorly to the rising prevalence of diabetes, the increasing geriatric population, and the growing healthcare expenditure on diabetes. As per the estimations of the American Diabetes Association in 2018, the total cost of diagnosed diabetes was USD 327 billion of which USD 237 billion was spent on direct medical costs and USD 90 billion on reduced productivity in the U.S. The aged population in the region and the rising concern of people and the government on their health increases the healthcare expenditure in the region. The government also initiated several camps to provide proper awareness and health care to the public. The rising disposable income and increasing penetration of the internet increased the early diagnosis visits in the region is projected to have a positive impact on the diabetic neuropathy market growth during the forecast period. Digitalization and improvement in the infrastructure of hospitals to provide good patient care increases healthcare expenditure and reduces the risk of disease prevalence. All these factors is projected to rise the growth of the global diabetic neuropathy market in the region.