A prominent research firm, Cognizance Market Research added a cutting-edge industry report on “Assistive technologies for visually impaired Market”. The report studies the current as well as past growth trends and opportunities for the market to gain valuable insights during the forecast period from 2023 to 2030.
Assistive technologies for visually impaired Market Analysis
According to cognizance market research the Assistive technologies for visually impaired Market is expected to reach at value US$ 13,313.6 Million by 2030 with a CAGR of 13.8% from 2023 to 2030.
What is assistive technologies for visually impaired ?
Loss of vision of a person due to either trauma, disease or deteriorating conditions or inherited conditions at such a level so as to qualify as an additional support need and which cannot be corrected by simple procedures like drug therapy and surgery is called as vision impairment. The hardware or software tools that visually impaired people employ to carry out daily tasks including walking, writing, reading, and other activities are known as assistive technologies. According to reports, there are numerous low-tech visual aids that can assist elderly people who are visually impaired in carrying out daily duties, including touch watches, video magnifiers, walking aids, glasses, braille books, and smartphones with huge buttons. Furthermore, screen readers and screen magnifiers used in conjunction with assistive technology enable persons who are blind or visually impaired to read printed materials and browse the internet.
Assistive technologies for visually impaired Market Outlook
In the Assistive technologies for visually impaired report, the market outlook segment mainly includes important dynamics of the market which include drivers, restraints, opportunities and challenges tackled by the industry. While drivers and restraints are internal to the market, opportunities and problems are extrinsic.
The growing number of visually impaired population all over the globe, and technological advancements in the development for low vision is expected to boost the growth of Assistive technologies for visually impaired market. According to the International Agency for the Prevention of Blindness’s (IAPB) most recent research, 36 million people worldwide are blind. According to extensive studies, 217 million people worldwide suffer from severe to moderate visual impairment and are in urgent need of assistive devices for care and support. The global eye health industry has recognised the needs of blind individuals and has produced tools to help the population that is visually impaired. Moreover, various visually impaired technology providers are investing the research and development activities extensively to develop new products and this will significantly drive the growth of market globally.
The assistive technologies for visually impaired market has been segmented into product type, application, and geography. Based on product type the assistive technologies for visually impaired market is segmented into Educational Devices & Software, Low Vision Devices and Mobility Devices. In terms of market size, the Educational Devices & Software segment accounted for the largest share in the global market in 2022. The Educational Devices & Software is further segmented into Braille Duplicators and Writers, Braille Computers, Mathematical & Science Devices, Reading Machines and others. Low Vision Devices are further segmented into Smart Glasses, VTS Link, Magnifying Lenses and others.
On the basis of end uses, assistive technologies for visually impaired market are segmented into Blind Schools, Enterprises & Social Organizations, Personal Use, Hospitals and others.
Based on geography the Assistive technologies for visually impaired market has been segmented into five main regions namely, North America, Asia Pacific, Europe, Latin America, and Middle East & Africa. Over the next eight years, the expansion of the global market is expected to be led by the North American area, subject to an increase in the number of persons affected by whole or partial vision impairment. In addition, the presence of a robust healthcare infrastructure and technological advancements in assistive devices for the blind in nations like the U.S. and Canada will improve the market’s size and reach in the region. The Middle East & Africa is expected to register significant growth of the forecast period in the Assistive technologies for visually impaired market. The rising funding from the government to provide the necessary devices in blind school etc. is expected to propel the growth of the market in the region.
The report offers the revenue of the Assistive technologies for visually impaired market for the period 2020-2030, considering 2020 & 2021 as a historical year, 2022 as the base year and 2023 to 2030 as the forecast year. The report also provides the compound annual growth rate (CAGR) for the Assistive technologies for visually impaired market for the forecast period. The Assistive technologies for visually impaired market report provides insights and in-depth analysis into developments impacting enterprises and businesses on a regional and global level. The report covers the Assistive technologies for visually impaired market performance in terms of revenue contribution from several segments and comprises a detailed analysis of key drivers, trends, restraints, and opportunities prompting revenue growth of the Assistive technologies for visually impaired market.
The report has been prepared after wide-ranging secondary and primary research. Secondary research included internet sources, numerical data from government organizations, trade associations, and websites. Analysts have also employed an amalgamation of bottom-up and top-down approaches to study numerous phenomena in the Assistive technologies for visually impaired market. Secondary research involved a detailed analysis of significant players’ product portfolio. Literature review, press releases, annual reports, white paper, and relevant documents have been also studied to understand the Assistive technologies for visually impaired market. Primary research involved a great extent of research efforts, wherein experts carried out interviews telephonic as well as questioner-based with industry experts and opinion-makers.
The report includes an executive summary, along with a growth pattern of different segmented included in the scope of the study. The Y-o-Y analysis with elaborate market insights has been provided in the report to comprehend the Y-o-Y trends in the Assistive technologies for visually impaired market. Additionally, the report focuses on altering competitive dynamics in the global market. These indices serve as valued tools for present market players as well as for companies interested in participating in the Assistive technologies for visually impaired market. The subsequent section of the Assistive technologies for visually impaired report highlights the USPs, which include key industry events (Type launch, research partnership, acquisition, etc.), technology advancements, pipeline analysis, prevalence data, and regulatory scenario.
Assistive technologies for visually impaired Market Competitive Landscape
The “Assistive technologies for visually impaired Market” study report will provide a valuable insight with an emphasis on global market including some of the major players such as:
The report explores the competitive scenario of the Assistive technologies for visually impaired market. Major players operating in the Assistive technologies for visually impaired market have been identified and profiled for unique commercial attributes. Company overview (company description, Type portfolio, geographic presence, employee strength, Key management, etc.), financials, SWOT analysis, recent developments, and key strategies are some of the features of companies profiled in the Assistive technologies for visually impaired market report.
Assistive technologies for visually impaired Market, by Product Type
Assistive technologies for visually impaired Market, by End User
Assistive technologies for visually impaired Market, by Region
AbleNet, Inc., Ассеѕѕ Іngеnuіtу, Amedia Corporation, Аmеrісаn Тhеrmоfоrm, Cаmbіum Lеаrnіng, Dоlрhіn Соmрutеr Ассеѕѕ, Еѕѕіlоr, HumanWare Group, Inventiva, LVІ Lоw Vіѕіоn Іntеrnаtіоnаl, LЅ&Ѕ LLС, Nippon Telesoft Co. Ltd., Vispero, VіеwРluѕ
Trends: The integration of artificial intelligence and machine learning into assistive technologies has improved the accuracy and capabilities of devices, enabling better object recognition, text-to-speech conversion, and navigation assistance.
Drivers: Government regulations and accessibility standards have driven the development and adoption of assistive technologies to ensure equal access to education, employment, and public services.
Opportunities: There is significant potential for assistive technology providers to expand into emerging markets with large populations of visually impaired individuals who may not have had access to such technologies previously.
Challenges: High costs can be a significant barrier for individuals and organizations looking to adopt assistive technologies, especially in lower-income regions.
The CAGR is anticipated to be 13.6% during the forecast period.
The U.S. has a robust market for assistive technologies for the visually impaired. It is home to many leading companies and research institutions focused on developing innovative solutions. The Americans with Disabilities Act (ADA) has also significantly promoted accessibility, including assistive technologies.
The educational devices & software segment is expected to lead the segmental growth over the assessment period
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