Press release
Assistive Technologies For Visually Impaired Market Outlook 2024: Exclusive Report By The Business Research Company | Apple, Google Inc., Plantronics Inc., Cambium Learning Group, OrCam Technologies Ltd., Vispero
Assistive Technologies For Visually Impaired Market Trends
The Business Research Company offers in-depth market insights through Assistive Technologies For Visually Impaired Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The assistive technologies for visually impaired market size has grown rapidly in recent years. It will grow from $5.29 billion in 2023 to $6.11 billion in 2024 at a compound annual growth rate (CAGR) of 15.5%. The growth in the historic period can be attributed to rise in aging population, rising awareness of assistive technologies, increasing government initiatives.
The assistive technologies for visually impaired market size is expected to see rapid growth in the next few years. It will grow to $10.68 billion in 2028 at a compound annual growth rate (CAGR) of 15.0%. The growth in the forecast period can be attributed to growing incidences of visual impairments and blindness, growing demand for addressing the unmet needs of the patient. Major trends in the forecast period include smart glasses with ai, advanced screen readers, braille displays, augmented reality (AR) for navigation.
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Market Segmentation:
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
Major Driver - The Surge In Assistive Technologies To Address The Global Rise In Visual Impairments
Growing incidences of visual impairments and blindness are expected to propel the growth of assistive technologies for the visually impaired market going forward. Visual impairment and blindness refer to conditions that result in limited or no ability to see, affecting a person's vision to varying degrees. Assistive technologies enhance accessibility for individuals with visual impairments and blindness, providing essential support, such as braille displays, for improved navigation, information access, and communication. For instance, in August 2023, according to the World Health Organization, worldwide, a staggering 2.2 billion individuals grapple with vision impairment, of which 1 billion cases are either preventable or inadequately addressed. Additionally, 36% of those are affected by refractive errors, and 17% deal with impairment due to cataracts. Therefore, growing incidences of visual impairments and blindness are driving the growth of assistive technologies for the visually impaired market.
Competitive Landscape:
Major companies operating in the assistive technologies for visually impaired market report are Apple, Google Inc., Plantronics Inc., Cambium Learning Group, OrCam Technologies Ltd., Vispero, Freedom Scientific Inc., Humanware Pty. Ltd., Amedia Corporation, Aira Tech Corp., LVI Low Vision International AB, Maxi-Aids, AbleNet Inc., Dolphin Computer Access Ltd., Eschenbach Optik GmbH, eSight Corporation, Zoomax Inc., Attainment Company, Ash Technologies, Boundless Assistive Technology, Eye-D, Adaptivation Inc., American Thermoform Corporation, ABiSee Inc., ViewPlus Technologies Inc., Envision AI, Ai Squared Inc., Eyedaptic Inc., Access Ingenuity, Torchit
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Top Trend - The Rise Of AI Technology In Smart Glasses For The Visually Impaired
Major companies operating in the assistive technologies for the visually impaired market are focused on developing products with innovative technology, such as smart glasses with AI, to increase their profitability in the market. Smart glasses with AI technology empower visually impaired individuals to navigate and interact with their surroundings more confidently and independently. For instance, in March 2022, Envision, a Netherlands-based company, launched Next Generation AI-empowered smart glasses for the visually impaired. AI-powered smart glasses for the blind offer advanced features such as OCR, enhanced text recognition, multi-language support, and an expansive app ecosystem for seamless integration of tailored applications, encompassing specialized functionalities such as orientation and mobility assistance both indoors and outdoors. Smart glasses, featuring facial and object recognition, color identification, and scene description, incorporate an encrypted video call function for seamless communication with trusted contacts. They convert visual data into auditory cues, promoting autonomy and broadening users' outlook on potential. The product is Google Glass Enterprise Edition 2-based glass, under 50g, features an 8MP wide-angle camera, ensures constant 5-6-hour connectivity, and offers USB-C fast charging.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Assistive Technologies For Visually Impaired Market Characteristics
3. Assistive Technologies For Visually Impaired Market Trends And Strategies
4. Assistive Technologies For Visually Impaired Market - Macro Economic Scenario
5. Assistive Technologies For Visually Impaired Market Size And Growth
…..
27. Assistive Technologies For Visually Impaired Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential
30. Appendix
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