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North America remains the dominant region in the global intraocular lens market and is estimated to hold 42.1% of the market share in 2024. The strong presence of leading original equipment manufacturers (OEMs) such as Johnson & Johnson and Bausch & Lomb have established the region as center for innovation in intraocular lens technology. With the U.S. accounting for the bulk of the market, North America spends heavily on R&D which has resulted in new proprietary lens designs, biomaterials, and delivery systems. Due to intellectual property protections and first-mover advantages, North American manufacturers are able to charge a premium for their premium intraocular lenses. Exports from the region contribute significantly to their sales in other key markets such as Western Europe and Asia Pacific.
The Asia Pacific region has emerged as the fastest growing market for intraocular lenses in recent times. Countries like India, China, Japan, and South Korea have growing elderly populations with greater needs for cataract treatment. Favorable healthcare reforms and insurance coverage in these nations have made corrective eye procedures more accessible and affordable for locals. At the same time, manufacturing costs are lower in Asia Pacific enabling both global and local suppliers to price lenses very competitively. While multinational corporations once dominated the export market from the region, domestic Asian firms are rapidly advancing their technology and quality standards. A few homegrown Asian brands today give as good performance as some leading imported lenses. With rising incomes and awareness about eye care, Asia Pacific's demand for intraocular lenses will likely continue outpacing other regions.
Intraocular Lens Market Report Snapshots
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