Comprehensive Assistive Technologies For Visually Impaired Market Analysis 2024: Size, Share, And Key Trends
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What is the Expected Growth Rate of the Assistive Technologies For Visually Impaired Market from 2024 to 2033?
The assistive technologies for visually impaired market reached $6.11 billion in 2024 from $5.29 billion in 2023 at a CAGR of 15.5%, with growth driven by an aging population, increased awareness, and government initiatives.
Assistive technologies for visually impaired are projected to reach $10.68 billion by 2028 at a CAGR of 15.0%, driven by growing visual impairment cases. Trends include AI-powered smart glasses, screen readers, and AR navigation.
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What Key Factors Are Fueling the Growth of the Assistive Technologies For Visually Impaired Market?
The increasing incidence of visual impairments and blindness is expected to drive the growth of the assistive technologies for the visually impaired market. Visual impairment and blindness refer to conditions with varying degrees of vision loss. Assistive technologies help individuals with visual impairments by providing tools such as braille displays for easier navigation, information access, and communication. For example, the World Health Organization reported in August 2023 that 2.2 billion people worldwide experience vision impairment, with 1 billion cases being preventable or inadequately addressed. As the number of people affected by visual impairments grows, so does the demand for assistive technologies.
What Are the Major Segments of the Assistive Technologies For Visually Impaired Market?
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
What New Trends Are Transforming the Assistive Technologies For Visually Impaired Market?
Companies in the assistive technologies for the visually impaired market are focusing on developing smart glasses with AI to boost their profitability. These glasses help visually impaired individuals navigate and interact more independently. In March 2022, the Netherlands-based company Envision launched AI-powered smart glasses with features like OCR, text recognition, language support, and an app ecosystem for tailored applications. The glasses, based on Google Glass Enterprise Edition 2, offer facial recognition, color identification, and scene description, converting visual data into auditory cues, and enabling 5–6 hours of connectivity.
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Which Regions Are Driving Growth in the Assistive Technologies For Visually Impaired Market?
North America was the largest region in the assistive technologies for visually impaired market in 2023. 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.
The Assistive Technologies For Visually Impaired Global Market Report 2024 offers a comprehensive overview of the audio equipment market, covering historical data from 2010 to 2021 and providing a ten-year forecast from 2023 to 2032. This report examines the size of the assistive technologies for visually impaired market, its market share, and analyzes key competitors along with their market positions.
The Table Of Content For The Assistive Technologies For Visually Impaired Market Include
1. Assistive Technologies For Visually Impaired Market Executive Summary
2. Assistive Technologies For Visually Impaired Market Segments
3. Assistive Technologies For Visually Impaired Market Size And Template Market Growth Rate
4. Key Assistive Technologies For Visually Impaired Market Trends
5. Major Assistive Technologies For Visually Impaired Market Drivers
……
25. Key Mergers And Acquisitions In The Assistive Technologies For Visually Impaired Market
26. Top Assistive Technologies For Visually Impaired Companies
27. Assistive Technologies For Visually Impaired Market Opportunities And Strategies
28. Assistive Technologies For Visually Impaired Market, Conclusions And Recommendations
29. Appendix
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