North America holds dominant position in the global nanopharmaceuticals market, owing to increasing research and development activities in application of nanotechnology in pharmaceuticals and rising prevalence of chronic disorders. According to the Centers for Disease Control and Prevention (CDC) factsheet, around 6 in 10 adults are diagnosed with chronic diseases and 4 in 10 adults have two chronic diseases in the U.S. According to the same source, chronic diseases account for around 75% of healthcare spending in the U.S.
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