logo
logo
Sign in

global visual impairment market Growth Accelerated by Increased Adoption of Visual Aids

avatar
Pooja salve
global visual impairment market Growth Accelerated by Increased Adoption of Visual Aids

Visual impairment products aid those who experience difficulties in their day-to-day lives due to visual disabilities by enhancing independence. Assistive technologies including braille displays, magnifiers, Note-taking devices and screen magnification software empower the visually impaired population across the world. The global visual impairment market witnesses rising demand for such innovative solutions to facilitate reading, writing, computer access as well as mobility.

The global Visual Impairment Market is estimated to be valued at US$ 5511.15 Mn in 2023 and is expected to exhibit a CAGR of 10% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends:

The growing adoption of visual aids drives the key trend of growth acceleration in the visual impairment market. Rapid technological advancements have made visual aids more affordable and user-friendly. Solutions such as advanced screen magnification software, braille embossers and note-taking devices are increasingly being used at educational and work places to support inclusion. The rising awareness about benefits of early intervention with visual aids also contributes to increased adoption. Continuous development of novel products catering to age-related low vision and other conditions further augment the market expansion over the forecast period.

Segment Analysis

The global visual impairment market is dominated by the low vision aids segment. This segment holds the major market share due to the increasing elderly population as age-related visual impairments are common. Low vision aids include devices such as magnifiers, closed-circuit televisions (CCTVs), braille watches and displays that help people with partially sighted or low vision to read, write and navigate.

Key Takeaways

Global Visual Impairment Market Demand is expected to witness high growth over the forecast period of 2023 to 2030. The rising geriatric population is driving the growth of the market. As per the United Nations data, in 2050, one in six people in the world will be over age 65, up from one in 11 in 2019. This rise in the elderly population will increase the demand for vision aids and magnifying appliances. The global visual impairment market is estimated to be valued at US$ 5511.15 Mn in 2023 and is expected to exhibit a CAGR of 10% over the forecast period 2023 to 2030.

Regional analysis related content comprises

North America region holds the major share in the visual impairment market. The presence of developed healthcare infrastructure, availability of advanced vision aids and eye care facilities are factors driving market growth in the region. The Asia Pacific region is projected to witness the fastest CAGR during the forecast period due to the growing cases of age-related macular degeneration and diabetic retinopathy in the region.

Key players related content comprises

Key players operating in the visual impairment market are Adaptivation, Inc., AbleNet, Inc., Amedia Corporation, Access Ingenuity, LVI Low Vision International, American Thermoform, Cambium Learning, Dolphin Computer Access Ltd., HumanWare Group, ViewPlus, and VFO. Adaptivation, Inc. and HumanWare Group are prominently known for offering low vision assistive technologies and consumer electronics for individuals with visual impairment.


Get More Insights on this Topic- https://www.dailyprbulletin.com/visual-impairment-market-demand-forecast-and-analysis/ 

collect
0
avatar
Pooja salve
guide
Zupyak is the world’s largest content marketing community, with over 400 000 members and 3 million articles. Explore and get your content discovered.
Read more