Assistive Technologies For Visually Impaired Market Trends That Will Shape the Next Decade: Insights from The Rise Of AI Technology In Smart Glasses For The Visually Impaired

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How Large Will the Assistive Technologies For Visually Impaired Market Size By 2025?
In recent years, the market size for assistive technologies for the visually impaired has seen significant expansion. It is projected to escalate from a value of $6.11 billion in 2024 to reach $7.03 billion in 2025, growing at a compound annual growth rate (CAGR) of 15.0%. The expansion during the historic period can be ascribed to factors such as a surge in the aging population, enhanced understanding of assistive technologies, and a rise in government initiatives.

How Big Is the Assistive Technologies For Visually Impaired Market Size Expected to Grow by 2029?
The market for assistive technologies for the visually impaired is anticipated to experience a swift expansion in the coming years. It's predicted to reach a value of $12.31 billion in 2029, with a compound annual growth rate (CAGR) of 15.0%. The projected increase during the forecast period can be credited to a rise in incidents of vision impairment and blindness, as well as a growing demand to cater to patients' unaddressed needs. Some of the major trends anticipated during this period are AI-enabled smart glasses, advanced screen readers, Braille displays, and the use of augmented reality (AR) for navigation.

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Which Key Market Drivers Powering Assistive Technologies For Visually Impaired Market Expansion and Growth?
The rise in instances of vision impairments and blindness is anticipated to drive the expansion of the market for assistive technologies for visually impaired individuals. These conditions refer to a diminished or non-existent ability to see, impacting an individual's sight in varying extents. Such assistive technologies augment accessibility for persons experiencing blindness or vision impairments, offering vital aids like braille displays for better navigation, access to information, and interaction. For example, as per the World Health Organization's data from August 2023, a colossal 2.2 billion people globally are struggling with impaired vision, with 1 billion of these cases being preventable or not properly tackled. Furthermore, refractive errors are prominent in 36% of these individuals, while 17% experience impairment due to cataracts. Hence, the escalating instances of blindness and vision impairments fuel the expansion of the market for assistive technologies for visually impaired people.

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Which Fast-Growing Trends Are Poised to Disrupt the Assistive Technologies For Visually Impaired Market?
Leading corporations in the market for assistive technologies tailored for visually impaired people are concentrating on introducing advanced products, such as AI-powered smart glasses, to raise their earnings in the market. AI-integrated smart glasses are transformative tools for visually impaired individuals, helping them to interact with and navigate their environment more autonomously and confidently. To illustrate, Envision, a company originating from the Netherlands, unveiled its Next Generation smart glasses equipped with AI technology for visually impaired individuals in March 2022. The advanced glasses come with features including OCR, improved text recognition, support in multiple languages, and an extensive app ecosystem that facilitates the smooth integration of customized apps which cover special functions like assistance with mobility and orientation both inside and outside. These smart glasses, which offer facial and object recognition, color identification, and detail about the scene, also contain an encrypted video call feature for straightforward communication with trusted individuals. The glasses transform visual information into auditory signals to enhance independence and widen the user's perception of possibilities. The product is based on Google Glass Enterprise Edition 2, weighs less than 50g, has an 8MP wide-angle camera and guarantees persistent 5-6 hour connectivity, and supports USB-C rapid charging.

What Are the Emerging Segments in 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

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Who Are the Global Leaders in the Assistive Technologies For Visually Impaired Market?
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

Which are the Top Profitable Regional Markets for the Assistive Technologies For Visually Impaired Industry?
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.

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