What’s Driving Growth in the Assistive Technologies For Visually Impaired Market? Insights into Key Trends and Opportunities
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How has the assistive technologies for visually impaired market size evolved in recent years?
In recent times, there’s been significant expansion in the market for assistive technologies designed for the visually impaired. It is projected that the market value will increase from $6.11 billion in 2024 to $7.03 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 15.0%. Several factors contributed to this remarkable growth during the historical period, including an increase in the aging population, heightened awareness about the existence and benefits of assistive technologies, and an uptick in initiatives sponsored by governmental bodies.
What are the predictions for the assistive technologies for visually impaired market size in the coming years?
In the subsequent years, the market size for assistive technologies aimed at the visually impaired is predicted to witness a swift expansion. The market is projected to escalate to a worth of $12.31 billion by 2029, rising at a compound annual growth rate (CAGR) of 15.0%. The anticipated growth over this period is due largely to an increase in the reported cases of vision loss and blindness, along with an amplified demand to fulfill the unaddressed needs of the affected patients. Technological advancements like smart glasses integrated with artificial intelligence, advanced screen readers, braille displays, and augmented reality (AR) for navigational purposes are expected to be the defining trends over this forecast period.
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What key factors are fueling the growth of the assistive technologies for visually impaired market?
The expanding number of cases of visual impairments and blindness are anticipated to trigger an upsurge in the evolution of assistive technologies for visually impaired individuals. Such impairments and blindness are terms which denote conditions causing reduced or no sight ability, affecting a person’s visual perception to differing magnitudes. Assistive technologies amplify accessible resources for individuals with visual impairments and blindness, offering indispensable support, such as braille displays, to facilitate improved navigation, access to information, and communication. For example, the World Health Organization reported in August 2023, that an earth-shattering 2.2 billion people worldwide are wrestling with vision impairment, with 1 billion of these cases either preventable or insufficiently dealt with. In addition, refractive errors affect 36% of these individuals, and 17% suffer from impairment due to cataracts. Consequently, the escalating number of visual impairments and blindness are fueling the advancement of assistive technologies for the visually impaired market.
How is the global assistive technologies for visually impaired market divided into key segments?
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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Who are the key firms paving the way for growth 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
Which trends are expected to transform the assistive technologies for visually impaired market?
Key businesses in the assistive technology market for the visually impaired are concentrating their efforts on the invention of technologically advanced products, such as AI-equipped smart glasses, to enhance their market profitability. Such AI-enabled smart glasses allow visually impaired people to interact with their environment in a more confident and autonomous manner. For example, in March 2022, Envision, a company based in the Netherlands, introduced Next Generation AI-integrated smart glasses designed specifically for visually impaired individuals. These AI-enhanced smart glasses for the visually challenged provide superior capabilities such as OCR, improved text recognition, multi-language compatibility, and a comprehensive application environment for effortlessly implementing customized applications, including specialized features for orientation and locomotion aid both indoors and outdoors. The smart glasses, which include features like facial and object identification, color recognition, and scene description, also feature an encrypted video call function for smooth communication with trusted contacts. These smart glasses transform visual information into auditory signals, fostering independence and extending the user’s perspective on possibilities. The product is based on Google Glass Enterprise Edition 2, it weighs less than 50g, features an 8MP wide-angle camera, provides continuous connectivity for 5–6 hours, and supports USB-C rapid charging.
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What regions are contributing significantly to the growth of 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.
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