North America Market Analysis
North America industry is predicted to account for largest revenue share of 32% by 2037. With the increasing prevalence of obesity and lifestyle changes in the region, chronic diseases are growing on a yearly basis. Approximately 50 % of Americans suffer from at least one chronic disease every year. Additionally, it is predicted that the region's high healthcare spending will spur market expansion. According to data from the World Bank, the area of North America spent 16.415% of its total GDP on healthcare.
Asia Pacific Market Analysis
Asia Pacific region is expected to witness the fastest growth of 8.35% during the forecast period. The factors such as rising disposable income, increasing social organization awareness, improving health care facilities, and more R&D activities are expected to drive the growth of the market in the Asia-pacific region.
Author Credits: Radhika Pawar
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