North American Market Forecast
North America industry is anticipated to hold largest revenue share of 36% by 2037. This can be accredited to the rising cases of cancer and cardiovascular diseases as well as rising technological innovations in medical imaging equipment in the region. According to statistics, in 2019, ischemic heart disease and stroke were responsible for between 8 million and 6 million deaths respectively.
APAC Market Statistics
Further, the market in Asia Pacific is estimated to register significant growth during the forecast period, owing to the rising geriatric population in the economically emerging nations as well as the increasing prevalence of chronic diseases. By the end of 2040, it is estimated that about 28% of the population in China, i.e., 402 million, will be over the age of 60.
Author Credits: Radhika Pawar
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