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The outbreak of the COVID-19 pandemic has had a considerable impact on the overall development of the global assistive technologies for visually impaired market. Production, manufacturing, and logistic were the key sectors of the market that were hampered the most during the outbreak. Because several countries and regions were placed under strict lockdowns, the production of devices was cut down significantly. More importantly, with the growing number of cases as well as casualties because of the COVID-19 virus placed treatment of the patients at the top priority. This considerably affected the market growth during the months of lockdowns. However, the situation is about to resume back to the normal. Technologies that can help visually impaired to move freely and with proper safety can become of greater importance for the market development. In addition to this, introduction of devices to keep track of health and surroundings for visually impaired can also help the market growth. With the vaccine on the horizon, the global market is expected to resurrect from the initial slump. Even though the development of the market will be slow in the initial few months, the growth is expected to reach back to normal in the second half of the next year.

The overall competitive landscape of the global assistive technologies for visually impaired market is quite fragmented in nature. The companies operating in the global market is high in number and hence the competition is high. The companies in the global market are projected to focus on research and development activities in the coming years of the forecast period. The focus will be more on developing highly innovative products that will help the overall development of the global market. In addition to this, the companies in the global assistive technologies for visually impaired market are expected to resort to aggressive marketing strategies such as mergers, acquisition, alliances, joint ventures, takeovers, and strategic partnerships in order to stay ahead of the competitive curve.

Global Assistive Technologies for Visually Impaired Market - Snapshot

The global assistive technologies for visually impaired market is driven by rise in prevalence and causes of visual impairment and blindness and increase in per capita health care expenditure. Prevalence of impaired vision is defined as the number of people affected with any kind of vision disorder per 100 people at a given point in time. The prevalence can vary significantly among countries depending on available health and eye care services and socio-economic factors. Rise in prevalence of eye disorders such as glaucoma, diabetic retinopathy, age-related macular degeneration, refractive error, and cataract is projected to increase the number of visually impaired people globally, thereby boosting demand for assistive technologies.

assistive technologies visually impaired market

The global assistive technologies for visually impaired market was valued at US$ 3,400.0 Mn in 2017 and is anticipated to reach US$ 7,100.0 Mn by 2026, expanding at a CAGR of 8.5% from 2018 to 2026. Increase in awareness about assistive technologies for visually impaired, technological advancements, and rise in target patient population are likely to augment the global market from 2018 to 2026. Surge in government initiatives to promote better facilities to improve quality of life of visually impaired people is expected to drive the global assistive technologies for visually impaired market. However, stringent regulatory requirements is a major factor restraining the global market.

The global assistive technologies for visually impaired market has been segmented based on product, end-user, and region. In terms of product, the global market has been classified into educational devices & software, mobility devices, low vision devices, and others. The educational devices & software segment has been categorized into Braille duplicators and writers, Braille computers, mathematical & science devices, reading machines, and others. The mobility devices segment has been bifurcated into canes and others. The low vision devices segment has been divided into smart glasses, VTS link, magnifying lenses, and others. The market segments have been analyzed based on available product categories in the assistive technologies for visually impaired market, cost-effectiveness, and preference for industries. Based on end-user, the global assistive technologies for visually impaired market has been classified into blind schools, enterprises & social organizations, personal use, federation & hospital, and others. In terms of region, the global assistive technologies for visually impaired market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

Based on product, the educational devices & software segment dominated the global assistive technologies for visually impaired market. Rise in demand for Braille duplicators and writers, Braille computers, mathematical & science devices, and reading machines, and increase in government awareness programs in developing economies are expected to fuel the growth of the segment during the forecast period.

In terms of end-user, the enterprises & social organizations segment dominated the global assistive technologies for visually impaired market. Increase in donations and rise in corporate social responsibilities are likely to drive the enterprises & social organizations segment during the forecast period. 

North America accounted for 40.0% share of the global market in 2017. Increase in per capita health care expenditure is expected to fuel the growth of the assistive technologies for visually impaired market in the region. Health care expenditure in the U.S. was 17.6% of the GDP in 2011. Per capita expenditure on health care increased from US$ 8,500 in 2011 to US$ 10,348 in 2016. An increasing number of visually impaired patients in the country has been opting for treatment via assistive technologies. Moreover, rise in disposable income of people in emerging economies such as China and India is likely to enable them to avail better health care facilities. Increase in income, rise in baby boomer and disabled populations, and availability of advanced assistive technologies are expected to encourage health care service providers toward making significant investment in development of advanced assistive technologies to address patient needs, improve operational efficiency, and save both service costs and time.

Major players operating in the global assistive technologies for visually impaired market include VFO, Amedia Corporation, Dolphin Computer Access Ltd., HumanWare Group, Cambium Learning, Access Ingenuity, American Thermoform, and LVI Low Vision International.

Sale of Assistive Technologies for Visually Impaired to Grow with Advancements in Utility Services within Healthcare

The global market for assistive technologies for visually impaired has gained momentum in recent years. This trend can be attributed to a multitude of factors including rising incidence of genetic disorders, acquired impairments, and industrial mishaps. Visual impairments can be caused by a number of external factors such as unanticipated exposure to sparks, electric shocks, chronic illnesses, and severe injuries. Therefore, it is important for the healthcare industry to inculcate recommending mobility aids to people who have suffered visual impairments. Moreover, the focus of the medical and healthcare industries on improving the quality of life for people who genetically or non-genetically suffer from visual impairments has also aided market growth.

  • Over the course of the next decade, the total volume of revenues flowing into the global assistive technologies for visually impaired market shall rise. In addition to various reasons responsible for market growth, the outbreak of the coronavirus disease is also a key driver of demand. The healthcare industry has pulled up its socks across various echelons of its administration to encapsulate new technologies. This has created humongous opportunities for growth within the global assistive technologies for visually impaired market in recent years. Furthermore, the COVID crisis has also become a cause of increasing morbidities in men and women, especially the ones in the later stages of their life.
  • Use of assistive technologies for visually impaired is a necessity across public units that are administered by government bodies and state authorities. Furthermore, these aids and technologies are also in place at airports and other places of public visit. The growing sensitivity of the masses towards physically impaired individuals is helping in driving demand within the global assistive technologies for visually impaired market. Moreover, subsidies offered by the government to people suffering from disabilities have also created new sales pathways across the market. 

Global Assistive Technologies for Visually Impaired Market: Overview

This report analyzes the current and future scenario of the global assistive technologies for visually impaired market. Surge in product development, increase in demand for assistive technologies for visually impaired, and rise in prevalence and causes of visual impairment and blindness are the major drivers of the global assistive technologies for visually impaired market.

The assistive technologies for visually impaired market report comprises an elaborate executive summary, which includes a snapshot that provides information about various segments of the market. It also provides information and data analysis of the global market with respect to the segments based on product, end-user, and region. A detailed qualitative analysis of drivers and restraints of the market and opportunities has been provided in the market overview section. Additionally, the section comprises competitive matrix and company profiles with business overview to understand the competitive landscape in the market. This section of the report also provides market attractiveness analysis by region, thereby presenting a thorough analysis of the overall demand scenario in the global assistive technologies for visually impaired market.

Global Assistive Technologies for Visually Impaired Market: Key Segments

Based on product, the global assistive technologies for visually impaired market has been segmented into educational devices & software, mobility devices, low vision devices, and others. The educational devices & software segment has been classified into Braille duplicators and writers, Braille computers, mathematical & science devices, reading machines, and others. The mobility devices segment has been bifurcated into canes and others. The low vision devices segment has been categorized into smart glasses, VTS link, magnifying lenses, and others. The market segments have been analyzed based on available product categories in assistive technologies for visually impaired market, cost-effectiveness, and preference for industries. Based on end-user, the global assistive technologies for visually impaired market has been divided into blind schools, enterprises & social organizations, personal use, federation & hospital, and others. The market size and forecast for each of these segments have been provided for the period from 2016 to 2026, along with their respective CAGRs for the forecast period from 2018 to 2026, considering 2017 as the base year.

Global Assistive Technologies for Visually Impaired Market: Regional Outlook

In terms of region, the global assistive technologies for visually impaired market  has been segmented into North America (U.S. and Canada), Europe (U.K., Germany, France, Spain, Italy, and Rest of Europe), Asia Pacific (India, China, Japan, Australia & New Zealand, and Rest of Asia Pacific), Latin America (Brazil, Mexico, and Rest of Latin America), and Middle East & Africa (South Africa, GCC Countries, and Rest of Middle East & Africa). The market size and forecast for each of these regions and the mentioned countries/sub-regions have been provided for the period from 2016 to 2026, along with their respective CAGRs for the forecast period from 2018 to 2026, considering 2017 as the base year. The research study also covers the competitive scenario in these regions.

Companies Mentioned in Report

The report also profiles major players in the global assistive technologies for visually impaired market based on various attributes such as company overview, financial overview, product portfolio, business strategies, and recent developments. Key players profiled in the market report include VFO, Amedia Corporation, Dolphin Computer Access Ltd., HumanWare Group, Cambium Learning, Access Ingenuity, American Thermoform, and LVI Low Vision International.

The global assistive technologies for visually impaired market has been segmented as given below:

Product

  • Educational Devices & Software
    • Braille Duplicators and Writers
    • Braille Computers
    • Mathematical & Science Devices
    • Reading Machines
    • Others
  • Mobility Devices
    • Canes
    • Others
  • Low Vision Devices
    • Smart Glasses
    • VTS Link
    • Magnifying Lenses
    • Others
  • Others

End-user

  • Blind Schools
  • Enterprises & Social Organizations
  • Personal Use
  • Federation & Hospital
  • Others

Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • U.K.
    • Italy
    • France
    • Spain
    • Rest of Europe
  • Asia Pacific
    • India
    • China
    • Japan
    • Australia & New Zealand
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC countries
    • South Africa
    • Rest of Middle East & Africa

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Assistive Technologies Visually Impaired Market

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