What Has Been The Evolution of the Assistive Technologies For Visually Impaired Market in Recent Years?
The assistive technologies for visually impaired market has seen considerable growth due to a variety of factors.
• The market size for assistive technologies for visually impaired has seen fast-paced growth in recent years. It is projected to increase from $6.11 billion in 2024 to $7.03 billion in 2025, with a compound annual growth rate (CAGR) of 15.0%.
The expansion in the historic period can be ascribed to the surge in the aging population, heightened awareness of assistive technologies, and the increase in government initiatives.
What Is the Forecasted Market Size and Growth Rate for The Assistive Technologies For Visually Impaired Market Size In The Coming Years?
The assistive technologies for visually impaired market is expected to maintain its strong growth trajectory in upcoming years.
• In the coming years, the market size of assistive technologies for the visually impaired is predicted to witness a fast-paced expansion. It is forecasted to reach $12.31 billion in 2029, with a compound annual growth rate (CAGR) of 15.0%.
Factors contributing to this projected growth include an increase in instances of visual impairments and blindness, coupled with heightened demand for solutions catering to patient’s unaddressed needs. The forecast period will likely see technological advancements such as AI and smart glasses, cutting-edge screen readers, braille displays, and the implementation of augmented reality (AR) for navigation.
What Factors Are Driving Growth In The Assistive Technologies For Visually Impaired Market?
The increase in visual impairments and cases of blindness is anticipated to catalyze advancements in assistive technologies tailored for the visually impaired market. Visual impairments and blindness encapsulate conditions wherein sight is severely curtailed or altogether absent, affecting an individual's vision to differing extents. Assistive technologies aim to augment access for those burdened with visual impairments and blindness, offering crucial help including braille displays for better navigation, acquiring information, and communication. As reported by the World Health Organization in August 2023, globally, an alarming 2.2 billion people struggle with impaired vision, amongst these 1 billion instances could have been averted or have not been sufficiently managed. Furthermore, 36% of these individuals suffer from refractive errors, while cataracts cause shortcomings for 17% of people. Thus, the proliferating incidences of visual impairments and cases of blindness are steering the progression of assistive technologies for the visually impaired market.
What Are The Main Segments Of The Global Assistive Technologies For Visually Impaired Market?
The assistive technologies for visually impaired market covered in this report is segmented –
1) By Type: Educational Devices And Software, Mobility Devices, Low Vision Devices
2) By Distribution Channel: Hospital Pharmacies, Retail Pharmacies, Optical Stores, Online Pharmacies
3) By End User: Blind Schools, Enterprises And Social Organizations, Personal Use, Hospitals, Other End Users
Subsegments:
1) By Educational Devices And Software: Braille Notetakers, Screen Readers, Accessible Learning Software
2) By Mobility Devices: Canes (Traditional And Smart Canes), GPS Navigation Devices, Wearable Technology For Navigation
3) By Low Vision Devices: Magnifiers (Handheld And Electronic), Telescopic Lenses, Digital Magnification Devices
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How Are New Trends Impacting The Size Of The Assistive Technologies For Visually Impaired Market?
Leading businesses in the assistive technologies sector for the visually impaired are prioritizing the development of innovative tech products like AI-equipped smart glasses to boost their market profitability. By using AI technology, smart glasses enable visually impaired people to navigate their surroundings with increased confidence and independence. In a case in point, Envision, a company based in the Netherlands, introduced in March 2022 its Next Generation AI-empowered smart glasses designed for individuals with visual impairment. These AI-driven smart glasses present advanced functionalities like OCR, improved text recognition, support for multiple languages, and a comprehensive app ecosystem for the easy incorporation of custom apps encompassing specific features such as indoor and outdoor orientation and mobility guidance. Smart glasses with face and object detection, color identification, and scene explanation also include an encrypted video call feature, which facilitates secure communication with reliable contacts. The glasses transform visual information into auditory hints, fostering independence and offering a broader perspective on possibilities to users. This product, based on Google Glass Enterprise Edition 2, is light, weighing under 50g, comes with an 8MP wide-angle camera, ensures consistent 5-6 hour connectivity, and supports USB-C rapid charging.
Who Are the Key Players In The Assistive Technologies For Visually Impaired Market?
Major companies operating in the assistive technologies for visually impaired market report are:
• Apple
• Google Inc.
• Plantronics Inc.
• Cambium Learning Group
• OrCam Technologies Ltd.
• Vispero
• Freedom Scientific Inc.
• Humanware Pty. Ltd.
• Amedia Corporation
• Aira Tech Corp.
• LVI Low Vision International AB
• Maxi-Aids
• AbleNet Inc.
• Dolphin Computer Access Ltd.
• Eschenbach Optik GmbH
• eSight Corporation
• Zoomax Inc.
• Attainment Company
• Ash Technologies
• Boundless Assistive Technology
• Eye-D
• Adaptivation Inc.
• American Thermoform Corporation
• ABiSee Inc.
• ViewPlus Technologies Inc.
• Envision AI
• Ai Squared Inc.
• Eyedaptic Inc.
• Access Ingenuity
• Torchit
What Is The Most Dominant Region In The Assistive Technologies For Visually Impaired Market?
North America was the largest region in the assistive technologies for visually impaired market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the assistive technologies for visually impaired market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
