North American Market Forecast
The North America industry is anticipated to dominate majority revenue share of by 2037. The growth of the market can be attributed majorly to the increased arterial bleeding among cardiac patients, and gastrointestinal surgery in heart disease patients in this region. There have been increasing heart problems among the population of North America owing to unhealthy lifestyles and high consumption of fatty food items. It was noticed that approximately 18 million people worldwide passed away from cardiovascular disease in 2019. That shows a rise of about 17% over the previous ten years. The rising spending capacity of people to buy outside food owing to increasing disposable income. Also, the increasing preference of people for ready-made and fast food is estimated to increase causes of gastric issues which in turn boosts the market growth. Along with this, more people are living away from their hometowns for job opportunities and studies, which increases the ratio of people eating food from hotels, and restaurants. This raises the chances of getting gastric problems as outside food vendors make their food a little spicy by adding many spices, and masalas to make it tasty and appealing. Furthermore, there has been an increasing use of hemostasis clips for Crohn’s disease treatment, and it is projected to increase the market’s growth in the region.
Author Credits: Radhika Pawar
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