Assistive Technologies For Visually Impaired Market Analysis: Key Insights on Growth Rates, Trends, and Major Opportunities
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What is the Projected Compound Annual Growth Rate (CAGR) of the Assistive Technologies For Visually Impaired Market from 2025 to 2034, and What Factors Influence It?
The market size of assistive technologies for the visually impaired has seen considerable expansion in the previous years. From $6.11 billion in 2024, it is projected to rise to $7.03 billion in 2025, experiencing a compound annual growth rate (CAGR) of 15.0%. The growth observed in the historic period is due to factors such as increased aging population, higher recognition of assistive technologies, and heightened government initiatives.
The market for assistive technologies catering to the visually impaired is projected to witness a swift expansion in the coming years. The market valuation is anticipated to reach $12.31 billion by 2029, experiencing a compound annual growth rate (CAGR) of 15.0%. The escalation during the projection period is due to the increasing cases of visual impairments and blindness, and a rising demand to fulfill the unserved needs of the patients. Intelligent glasses with AI, advanced screen readers, braille displays, and augmented reality (AR) for navigation are among the prominent trends to watch for in the forecast period.
Which Primary Drivers Are Supporting the Continued Expansion of the assistive technologies for visually impaired Market?
The increasing prevalence of vision impairments and blindness is predicted to fuel the advancement of the market for assistive technologies for the visually impaired. These terms denote conditions limiting or completely depriving one’s ability to see, affecting vision to various extents. These assistive technologies significantly improve access for people with vision impairments and blindness, offering crucial assistance such as braille displays for better navigation, access to information, and communication. For example, the World Health Organization stated in August 2023 that a massive 2.2 billion people globally deal with vision impairment, with 1 billion instances either preventable or not adequately addressed. Furthermore, refractive errors afflict 36% of these individuals, and 17% suffer from impairment due to cataracts. Hence, the rise in visual impairments and blindness is a key factor propelling the expansion of the assistive technologies market for the visually impaired.
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Who Are the Leading Players Fueling Growth in the Assistive Technologies For Visually Impaired Market?
Major companies operating in the assistive technologies for visually impaired market report are:
• Apple_x000D_
• Google Inc._x000D_
• Plantronics Inc._x000D_
• Cambium Learning Group_x000D_
• OrCam Technologies Ltd._x000D_
What Are the Emerging Trends Shaping the Future of the Assistive Technologies For Visually Impaired Market?
Key players in the assistive technologies for visually impaired market are concentrating on devising products equipped with innovative technology, like AI-enabled smart glasses, with an aim to enhance their market profitability. These AI-based smart glasses aid individuals with vision loss by enabling them to negotiate their surroundings more independently and confidently. For example, in March 2022, Envision, hailing from Netherlands, introduced their Next Generation AI-driven smart glasses, specifically designed for the visually impaired community. These AI-operated smart glasses offer a plethora of alleviating features for the blind, such as OCR, improved text recognition, support for multiple languages, and a comprehensive app ecosystem for the smooth amalgamation of bespoke applications, incorporating specialized functions like indoor and outdoor mobility and orientation aid. These smart glasses, fitted with facial and object recognition, identification of colors, and scene description also include a secured video call feature for unhindered communication with trusted individuals. They convert visual information into audio prompts, fostering independence and expanding the user’s perspective on potentialities. This Google Glass Enterprise Edition 2-based product, weighing under 50g, comes with an 8MP wide-angle camera, assures continuous connectivity for 5–6 hours, and supports USB-C fast charging.
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What Major Market Segments Define the Scope and Growth of the 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
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 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.
How Is the Assistive Technologies For Visually Impaired Market Defined Across Different Regions?
Assistive technologies for the visually impaired refer to tools, devices, software, and systems specifically designed to assist individuals with visual impairments in various aspects of their daily lives. The primary goal of these technologies is to enhance accessibility, promote independence, and provide individuals with visual disabilities with the means to navigate, communicate, and access information effectively. These technologies address challenges related to reading, mobility, communication, and overall interaction with the surrounding environment.
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