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North America has established itself as the dominant region in the global Leber congenital amaurosis market with an estimated share of 39.3% in 2024. Majority of key market players are headquartered in countries like the U.S. and Canada. This has given North American companies an edge in terms of industry presence and market reach. The region is home to some of the largest pharmaceutical companies with significant investments in R&D. As a result, many pathbreaking gene therapies and drugs for treating LCA have been introduced first in the North American market.
Furthermore, the developed healthcare infrastructure and high healthcare expenditure in the region have ensured greater patient access to these high-priced therapies. This has goaded companies to focus more on this region for commercialization of new treatments. Export of LCA therapies from North America has also been substantial to other developed markets. Major patent expirations over the coming years could pose a challenge, but North American firms still hold an edge with slew of new pipeline drugs. Overall, the strong innovation ecosystem and robust commercialization environment have positioned North America as the dominant force in the global LCA market.
Asia Pacific region, especially China and India, is projected to witness the fastest growth over the forecast period. Growing medical needs of the expanding patient population coupled with rising healthcare investments present lucrative opportunities. This has spurred several multinational companies to focus on the Asia Pacific region through partnerships, joint ventures, and investments.
Moreover, the lowering of import duties and development of local manufacturing capacities are expected to improve access and bring down prices of drugs in the long run. China especially has been proactively working towards building an efficient regulatory framework to attract investments in advanced therapies. With its large untapped market potential, Asia Pacific's LCA market seems set to grow at an exponential rate compared to matured Western markets. Collaborations between global innovators and local Asian companies will likely accelerate product adoption across the region.
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