Assistive Technologies for Visuallym

Assistive Technologies for
Visually Impaired
Market Size will Grow at a Lucrative CAGR of  8.5%
through 2026

The global assistive
technologies for visually impaired market is projected to achieve a considerable
valuation in the next few years of the given forecast period. In last few
years, the eye health sector across the globe has been giving prime importance
to the requirements and demands of blind people and has hence led to increased
production of different devices for the aid of visually impaired people. With
the constant advancements in technology, more and more assistive technologies
for visually impaired are coming in market for the betterment of lives of these
people. The global assistive technologies for visually impaired market is
projected to reach a valuation of US$7,100 mn by the end of 2026. This growth
is driven by an impressive CAGR of 8.5% during this forecast period of 2018 to
2026. Initially the global market was valued at US$3,400 mn in the year 2017.

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Product
Development Key for Market Players

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

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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.

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.

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North
America to Remain as Leading Segment

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 expected to be dominated
by the regional segment of Asia Pacific. The regional segment is projected to
showcase an impressive CAGR of 9.5% during the mentioned period of forecast.

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Market
Segmentation as Follows:

Product

·        
Educational Devices and Software
Mobility Devices

·        
Low Vision Devices

End Use

·        
Blind Schools

·        
Enterprise and Social Organizations

·        
Personal Use

·        
Federation

·        
Hospitals

Region

·        
North America

·        
Latin America

·        
Middle East and Africa

·        
Europe

·        
Asia Pacific

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