Global Vision Impairment Devices Market is anticipated to grow at a CAGR of 8% to reach $5.5 billion by 2026 - Growing Occurrence of Visual Impairment, Blindness & Other Eye Disorders

Vision Impairment is the limitation of one or more eye functions or visual systems. This can range from mild vision impairment to total blindness. The most common causes of visual impairment are uncorrected refractive errors, cataracts, diabetic retinopathy and glaucoma. In such situations of visual impairment, assistive medical technologies for visual impairment can be used.

Growing prevalence of visual impairment & blindness, increasing prevalence of several eye disorders such as diabetic retinopathy, refractive error, glaucoma, cataract, growing awareness on assistive medical technologies for visually challenged and government initiatives for awareness & funding for the advanced medical devices are some of the primary factors driving the growth of vision impairment devices market.

Advent of Advanced Technologies for Visual Impairment is Driving the Growth of the Visual Impairment Devices Market

In the previous years, the only good choice for visually impaired people for their vision assistance was magnifying lenses. But, today's assistive technology tools not only include better magnification devices, but also advanced software, apps, and other products that use facial recognition, artificial intelligence, augmented reality, machine learning and other technologies to tangibly improve the lives of the visually impaired people. Recently, many new developments and innovations have been made to improve the life of visually impaired people such as:
• In October 2021, Freedom Scientific announced the newest addition to its RUBY family, the RUBY 10, a 10-inch touch screen video magnifier with optional text to speech and advanced viewing modes.
• In June 2021, Eyedaptic, Inc. announced Eye3, a new and improved version of its augmented reality eyewear designed for patients with age-related macular degeneration (AMD) and low vision.

"Blindness or visual impairment can have a significant impact on one's life. New intuitive and intelligent market solutions are emerging to address such medical conditions which can change the lives of people living with visual impairment and vision loss. Recent advancements in assistive technologies have a very important role to play in the growth of this market." -VP Product Innovation, Design and Product Development, Vision Impairment Device Company, USA

Geographic Analysis: North America Leads the of Adoption of Vision Impairment Devices Market

North America has the largest share in the vision impairment devices market, followed by Europe and Asia Pacific. Growth in the number of people affected by vision impairment among the whole population, latest softwares to help the visually impaired people, and the presence of leading market players in this region are some of the major factors driving the vision impairment devices market.

Competitive Landscape Analysis: Vision Impairment Devices Market

Established players operating in the global vision impairment devices market are Adaptivation, Inc., AbleNet, Inc., Amedia Corporation, Access Ingenuity, Eyedaptic, Inc., HumanWare Group, ViewPlus, VFO, and Envision, among others.

Growth Strategies Adopted by Leading Market Players to Establish Their Foothold in Vision Impairment Devices Market

All top players operating in the vision impairment devices market are adopting reliable growth strategies such as collaborations, acquisitions, innovations and new product launches to garner a higher market share.

For instance,
• In February 2021, EssilorLuxottica and Cooper Companies, two of the world's leading vision care companies, announced the acquisition of SightGlass Vision, a U.S.-based life sciences company with the common goal of driving the commercialization of innovative myopia control technologies.
• In January 2020, ViewPlus introduced the new Power-Dot Braille which is the strongest and most readable Braille dots available from any desktop braille embosser.

Get Detailed Insights on Vision Impairment Devices Market with Sample Report @ https://meditechinsights.com/global-vision-impairment-devices-market/

Ruta Halde
Associate, Medi-Tech Insights
+32 498 86 80 79
info@meditechinsights.com
https://meditechinsights.com/

Medi-Tech Insights is a healthcare-focused business research & insights firm. Our clients include Fortune 500 companies, blue-chip investors & hyper-growth start-ups. We have completed 100+ projects in Digital Health, Healthcare IT, Medical Technology, Medical Devices & Pharma Services.

This release was published on openPR.