Topical Wound Agents Market Regional Analysis:
North America region is projected to account for more than 39.8% market share by 2035, fueled by the rising prevalence of chronic wounds, increasing healthcare expenditure, and advanced medical infrastructure in the region. It became quite convenient for people to receive quick treatment since the developed health expenditure of multiple nations is providing the necessary workforce and medicines. As per the data provided by the Centers for Medicare & Medicaid Services, the national health expenditure of the United States is expected to rise by 5.1% per year between 2021 and 2030, reaching nearly USD 6.8 trillion. Further, the presence of a strong healthcare network in the region, along with the availability of skilled medical professionals to use topical wound agents are also anticipated to contribute to the market growth in the region. In addition, the rising cases of chronic diseases, especially diabetes, are also expected to surge the growth of the North America market in the analysis period.
