Press release
Future of Low Vision Electronic Glasses Market: Size, Share & Forecasts to 2029
Low Vision Electronic Glasses
What Is the Projected Market Size Valuation of the Low Vision Electronic Glasses Market by 2025?
The market size for electronic glasses for the visually impaired has seen swift expansion in the past few years. The market value is projected to rise from $0.87 billion in 2024 to $0.97 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 11.6%. The historical growth can be traced back to factors such as growing cases of age-related macular degeneration, an upsurge in diabetic retinopathy incidents, rising awareness about vision aid technologies, governmental aid for disability tools, and an increment in vision rehabilitation programs.
What Is the Estimated Market Growth Value for the Low Vision Electronic Glasses Industry in 2029?
Rapid expansion is anticipated in the low vision electronic glasses market size in the subsequent years. It is projected to attain a value of $1.50 billion by 2029 with a compound annual growth rate (CAGR) of 11.4%. The acceleration during the forecast period can be credited to increasing usage of smart wearables in healthcare, availability of affordable electronic glasses, emphasis on inclusive and assistive technology policies, elevated demand for hands-free assistive methods, and growing online ecommerce accessibility for assistive appliances. Notable trends during the projected period comprise the technological transition towards lightweight, wearable patterns, development of personalized vision augmentation algorithms, establishment of multisensory feedback systems, inclusion of voice-control interfaces, and breakthroughs in real-time text-to-speech conversion.
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What Are the Growth Drivers and Opportunities in the Low Vision Electronic Glasses Market?
The surge in cases of visual impairments is anticipated to fuel the expansion of the low vision electronic glasses market. Visual impairments denote a major loss of eyesight that cannot be completely amended with glasses, contact lenses, drugs, or surgery and that hampers an individual's capacity to carry out daily activities. The escalating occurrence of visual impairments is predominantly attributable to aging populations since the chance of ocular conditions such as cataracts, glaucoma, and macular degeneration accelerates notably with age. Low-vision electronic glasses assist people suffering from visual impairments by bolstering any remaining eyesight via magnification, contrast tuning, and on-the-spot image processing, fostering increased self-sufficiency in day-to-day tasks. For example, in August 2023, the World Health Organization, a Switzerland-based specialized division of the United Nations for health, reported that globally, at least 2.2 billion individuals are affected by near or distance vision impairment. Nevertheless, it is calculated that only 36% of those with distance vision impairment triggered by refractive errors and a mere 17% of those with vision impairment resulting from cataracts have received suitable treatment. Consequently, the surge in cases of visual impairments is driving the expansion of the low vision electronic glasses market.
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What Are the Primary Segments Covered in the Global Low Vision Electronic Glasses Market Report?
The low vision electronic glasses market covered in this report is segmented -
1) By Product Type: Wearable Glasses, Smart Glasses, Augmented Reality Glasses, Night Vision Glasses
2) By Technology: Optical Technology, Digital Technology, Adaptive Technology, Artificial Intelligence Integrated Technology
3) By Application: Personal Use, Professional Use
4) By Distribution Channel: Online Retail, Offline Retail, Direct Sales, Healthcare Providers
5) By End-User: Individuals With Visual Impairments, Healthcare Institutions, Educational Institutions, Occupational Rehabilitation Centers
Subsegments:
1) By Wearable Glasses: Head-Mounted Low Vision Glasses, Clip-on Assistive Glasses, Full-Frame Digital Glasses
2) By Smart Glasses: Voice-Controlled Smart Glasses, Bluetooth-Enabled Visual Aid Glasses, Integrated Camera Smart Glasses
3) By Augmented Reality Glasses: Augmented Reality Glasses For Object Recognition, Augmented Reality Navigation Assistance Glasses, Augmented Reality Text-to-Speech Glasses
4) By Night Vision Glasses: Infrared-Based Vision Glasses, Thermal Imaging Glasses for Low Vision, Low-Light Enhancement Glasses
What Are the Top Growth Trends in the Low Vision Electronic Glasses Market?
In the low-vision electronic glasses market, major companies concentrate on developing innovative solutions like artificial intelligence-powered smart glasses to improve visual clarity and independence for those with visual impairments. These glasses are wearable devices that leverage artificial intelligence to augment vision by recognizing objects, reading texts aloud, and instantly adjusting images, contributing to the improvement of people with visual disabilities. For example, in August 2024, Eyedaptic Inc., a U.S.-based vision technology firm, introduced EYE6 smart glasses, an innovative wearable device designed to aid those with central vision loss. These glasses employ a mix of augmented reality and AI-powered vision enhancement to provide real-time image optimization, thus boosting users' visual clarity and contrast. Furthermore, the glasses have features such as a lightweight, unobtrusive design, hands-free operation, a visual assistant supporting 99 languages, and abilities like text reading, environmental description, and assistance with everyday activities.
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Which Companies Are Shaping the Future of the Low Vision Electronic Glasses Market?
Major companies operating in the low vision electronic glasses market are Eschenbach Optik GmbH, OrCam Technologies Ltd., Soliddd Corp., Enhanced Vision Systems Inc., Vuzix Corporation, Zoomax Technology Co. Ltd., IrisVision Global Inc., Acesight, Ceciaa SAS, Envision Technologies BV, Everysight Ltd, Eyedaptic Inc., GiveVision Ltd., NuEyes Technologies Inc., OXSIGHT Ltd., Second Sight Medical Products Inc., SHG Technologies LLC, Vision Buddy Inc., VisionAid Technologies Ltd., LS And S LLC.
Which Region Holds the Largest Market Share in the Low Vision Electronic Glasses Industry?
North America was the largest region in the low vision electronic glasses market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the low vision electronic glasses market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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