Assistive Technologies for Visually Impaired Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2028

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Assistive Technologies for Visually Impaired Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2028

Status : July, 2020 | Technology & Media | PPT format

Report Digest


Global Assistive Technologies for Visually Impaired Market - Overview

The global assistive technologies for visually impaired market is expected to reach a significant valuation in the coming years of the forecast period. In recent years, the global eye health sector has given prime importance to the needs and demands of blind people and has thus led to high production of devices and equipment for the help of visually impaired. With the advancements in technology, more and more assistive technologies for visually impaired are coming in market for the betterment of lives of these people.

Global Assistive Technologies for Visually Impaired Market - Notable Developments

The global assistive technologies for visually impaired market features a fragmented landscape due to the presence of several key players. These leading companies in the global market are constantly striving for increasing their user base with the help of new technologies and products. Naturally, the competition in market quite high and is working in favor of the development of the global market.

Some of the leading companies in the global assistive technologies for visually impaired market include names such as VFO, LVI Low Vision International, Nippon Telesoft, Humanware Group, and Dolphin Computer Access Ltd. among others.

Some of the notable developments in the global assistive technologies for visually impaired market are given below:

  • In August 2017, Humanware Group announced that the company has launched a new addition to its flagship explorē line that includes explorē 3, explorē 5, and the latest explore 8. These are new and more powerful portable handheld magnifier.

Global Assistive Technologies for Visually Impaired Market – Drivers and Restraints

There are several reasons behind the fast-paced development of the global assistive technologies for visually impaired market. One of the biggest reasons behind the market growth has been the initiatives undertaken by the healthcare agencies, non-profit organizations, and the NGOs operating across the globe for the betterment of life of visually impaired people with the help of technology. With the growing awareness and assistance campaigns undertaken by these organization, the spread of the assistive technologies for visually impaired market has been growing at a rapid pace. This has thus been the key driving factor for the development of the global assistive technologies for visually impaired market. Moreover, with the help of social media and other platforms, increasing awareness campaigns are being put out and also growing use of mobility and low vision devices for personal use are also helping for the development of the global assistive technologies for visually impaired market.

Global Assistive Technologies for Visually Impaired Market – Geographical Outlook

The global assistive technologies for visually impaired market has five main regions that provide the reader with the intricate details of the working dynamics of the regional landscape. These regions are North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. Of these, currently, the global assistive technologies for visually impaired market is dominated by the regional segment of North America. The region controls more than one-third of the overall market share and is expected to continue to dominate the market in the coming years of the forecast period of 2018 to 2028. This dominance of the North America segment of the global assistive technologies for visually impaired market can be primarily attributed to the highly-developed healthcare infrastructure in the region. This along with the fact the region is also privileged to have an early access to the constant technological advancements in terms of devices and software is also an important factor for its overall growth.

Market Segmentation is as follows:

By Product (2016–2026; US$ Mn)

  • Educational Devices
    • Braille Computers
    • Braille Writers
    • Reading Machines
  • Mobility Devices
  • Low Vision Devices
  • Others
  • By End Users (2016–2026; US$ Mn)
  • Blind School
  • Hospital and Social Organization
  • Personal Use

The study presents a granular assessment and quantitative evaluation of:

  • Key growth factors and prominent trends
  • Size and share of key segments in overall market
  • Key challenges and winning imperatives
  • Factors shaping competitive landscape
  • Insights into how contours of market will change in coming years
  • Technological advances
  • New avenues and imminent investment pockets
  • Regulatory landscape shaping current and future strategies of companies

The region-wise assessment includes market dynamics in:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.

The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:

  • Which key factors will shape the competitive landscape?
  • Which trends will stimulate research and development activities in different geographies?
  • Which are the lucrative growth areas and what is the size of potential they are likely contribute to the overall market?
  • Which disruptions in market growth are likely to come with the new business models?
  • Which are some of the recent overhauls in policies that may change the course of the market significantly?
  • Which are the geographies that will form sizable sources of new streams to new and established players alike?
  • How are top players likely to realign their strategy to counter the forces of competition?
  • Which key strategies emerging players are likely to focus on to consolidate their position?
  • Which changes in end-user preferences might affect the status quo held by the leading players?
  • Which are some of the game-changing innovations influencing the projected share and revenue of the market and its segments?

Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.