VISUAL IMPAIRMENT MARKET ANALYSIS

Regional Analysis

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North America has established itself as the dominant region in the global visual impairment market. The region is expected to hold 37.7% of the market share in 2024. The presence of key market players and advanced healthcare infrastructure have propelled the industry in the region. The U.S. accounts for the largest share due to sizeable patient population and high healthcare expenditure. Favorable reimbursement policies for low vision aids and eye care services have increased product affordability. Additionally, strong focus on the research and development of innovative visual aids is driving the regional market.

Asia Pacific is considered the fastest growing regional market for visual impairment treatment and management. Rapid economic development and rising disposable incomes have boosted healthcare investments across developing nations. India and China accommodate the bulk of the visually impaired population globally due to the growing geriatric demography. This vast untapped consumer base is attracting western brands to establish local manufacturing plants through joint ventures or mergers. Brands can leverage the low production costs to price their products competitively without compromising on quality standards.