Assistive Technology For Low Vision Market on Path to Hit $1.57 Billion by 2029 at 8.5% CAGR

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Assistive Technology For Low Vision Market Outlook: What Size And CAGR Are Anticipated By 2025?
In recent times, the assistive technology market for low vision has witnessed robust growth. The market is expected to expand from $1.05 billion in 2024 to $1.14 billion in 2025, with a compound annual growth rate (CAGR) of 8.7%. The growth observed in the historical period is credited to factors such as the increasing occurrence of age-related macular degeneration, growth in the diabetic population which results in retinopathy, heightening awareness about aids for low vision, extensive government backing for vision rehabilitation, and a rising number of glaucoma and cataracts cases.

What Is the Expected CAGR for the Assistive Technology For Low Vision Market Growth Through 2029?
The market for assistive technology for individuals with low vision is projected to experience significant expansion in the ensuing years. It is expected to balloon to $1.57 billion by 2029, registering a compound annual growth rate (CAGR) of 8.5%. Multiple factors are contributing to the growth forecast for this period, including an increased uptake of wearable and portable devices for low vision, escalated investments in assistive tech startups, proliferation of services offering remote vision assessments and telehealth, an incline in customization of assistive devices, and a rise in smartphone usage. Major trends for this period are expected to be the development of navigation aids utilizing artificial intelligence, creating cost-effective assistive devices, incorporation with smartphones and tablets, integration into primary platforms, and advancements in text-to-speech mechanisms.

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What Are the Primary Drivers Behind Assistive Technology For Low Vision Market Growth?
As the occurrence of vision problems associated with aging continues to rise, so too is the demand for assistive technology for the low-vision market. Age-related vision impairment entails the slow deterioration of vision functionality that inherently comes with aging and covers a range of conditions like age-related macular degeneration, cataracts, glaucoma and diabetic retinopathy. The surge in age-related vision impairments is predominantly attributed to the growing elderly population, who are more likely to develop eye issues like macular degeneration, cataracts, and glaucoma over time. Assistive technology for low vision provides a solution to these issues by strengthening the residual visual functions and enabling these older adults to maintain their independence in carrying out daily tasks. For instance, in August 2023, the World Health Organization, an arm of the United Nations based in Switzerland focusing on health, reported that globally, no less than 2.2 billion people suffer from either close or distant vision impairment. However, only around 36% of people with distant vision impairment brought on by refractive errors and a meager 17% of those with a vision impairment resulting from cataracts have been treated appropriately. As a result, the escalating prevalence of age-related vision impairments is fueling the growth of the assistive technology for the low-vision market.

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What Are the Key Segments Driving Assistive Technology For Low Vision Market Growth?
The assistive technology for low vision market covered in this report is segmented -

1) By Product Type: Electronic Magnifiers, Screen Readers, Optical Magnifiers, Video Magnifiers, Smartphone Applications
2) By Technology Type: Low-Tech Solutions, High-Tech Solutions, Assistive Robotics, Wearable Technology, Augmented Reality Solutions
3) By Application: Blind Schools, Enterprises And Social Organizations, Personal Use, Federations And Hospitals
4) By Distribution Channel: Online Retail, Brick-And-Mortar Stores, Direct Sales, Third-Party Distributors, Wholesale Suppliers
5) By End-User: Individuals, Educational Institutions, Healthcare Providers, Senior Care Facilities, Government Organizations

Subsegments:
1) By Electronic Magnifiers: Desktop Electronic Magnifiers, Portable Electronic Magnifiers, Wearable Electronic Magnifiers
2) By Screen Readers: Windows-Based Screen Readers, Mac Operating System Based Screen Readers, Android-Based Screen Readers, Linux-Based Screen Readers
3) By Optical Magnifiers: Handheld Magnifiers, Stand Magnifiers, Spectacle Magnifiers, Dome Magnifiers
4) By Video Magnifiers: Closed-Circuit Television-Based Video Magnifiers, Head-Mounted Video Magnifiers, Portable Video Magnifiers
5) By Smartphone Applications: Text-to-Speech Apps, Object Recognition Apps, Navigation And Wayfinding Apps, Magnification And Contrast Adjustment Apps

What Are the Technological Trends Impacting the Assistive Technology For Low Vision Market?
Key players in the market for assistive technology for individuals with low vision are focusing on creating groundbreaking solutions, like wearable electronic devices for low vision, to better visual aid and enhance users' quality of life. Wearable electronic low vision tools are compact devices worn by the users that leverage technologies such as cameras and displays to enhance visual sharpness for people having vision problems. One example being the Canada-based eSight Corporation that, in January 2023, rolled out its latest assistive device dubbed as the eSight Go, engineered for people legally blind. This device incorporates full HD OLED screens, a high-resolution clever autofocus camera, and a broad 45° field of view maintaining natural peripheral sight, enabling full mobility. The device's light, wireless structure supports up to 24x zoom capability and features customizable colour and contrast settings, providing improved visual precision and convenience for sustained daily use, particularly beneficial for those who suffer from central vision loss.

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Who Are the Major Competitors in the Global Assistive Technology For Low Vision Market?
Major companies operating in the assistive technology for low vision market are Vispero Holdings LLC, HumanWare Group, Freedom Scientific Inc., Aira Tech Corp., Low Vision International AB, IrisVision Global Inc., SELVAS Healthcare Inc., KAPSYS PTE. LTD., Sight and Sound Technology, Envision Technologies B.V., American Thermoform Corporation, Dot Incorporation Ltd, Optelec B.V., ViewPlus Technologies Inc., VisionAid Technologies Limited., Access Ingenuity LLC, Zoomax Technology Co. Limited, OrCam Technologies Ltd., Chuck Cohen Technology Inc., Quantum Reading Learning Vision.

Which Region Dominates the Assistive Technology For Low Vision Market Share in 2025?
North America was the largest region in the assistive technology for low vision market in 2024. The regions covered in the assistive technology for low vision market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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