123ArticleOnline Logo
Welcome to 123ArticleOnline.com!
ALL >> Business >> View Article

Assistive Technologies For Visually Impaired Market Is Expected To Reach Us$ 6,979.5 Mn By 2026

Profile Picture
By Author: Chakresh Thakur
Total Articles: 489
Comment this article
Facebook ShareTwitter ShareGoogle+ ShareTwitter Share

The latest market report published by Credence Research, Inc. “Global Assistive Technologies for Visually Impaired Market - Growth, Future Prospects, Competitive Analysis, 2018 - 2026,” the global assistive technologies for visually impaired market was valued at US$ 3,497.5 Mn in 2017, and is expected to reach US$ 6,979.5 Mn by 2026, expanding at a CAGR of 8.0% from 2018 to 2026.

Browse the full report Assistive Technologies for Visually Impaired Market - Growth, Future Prospects, Competitive Analysis, 2018 – 2026 report at https://www.credenceresearch.com/report/assistive-technologies-for-visually-impaired-market

Market Insights

Blindness is defined as the inability to view objects and light. In cases such as moderate to severe visual impairment the patient might have slight to blurred vision. The causes for blindness are glaucoma, retinal detachment, cataract, diabetic retinopathy, optic neuritis etc. Visually impaired people possess a very poor quality of life and depend on other family members to assist them in performing daily activities. Tremendous technological advancement has taken place with braille scripts ranging from writers, readers and displays to assist the visually impaired population.

Huge charities and funding from nonprofit organization and corporate social responsibilities (CSR) have been harnessed to aid blind people. Several blindness awareness campaign are conducted worldwide and digital platform has been used profoundly to educate citizens about visual impairment and blindness.

Educational devices are gaining burgeoning demand on account of diverse range of products available for braille displays and writers. The key benefits related to using braille displays are bridging the digital divide between the visibly abled & disabled. Braille displays are being used as a positioning device and equipped with navigation tools to track blind people and ensure their safety in crowded places. Mobility devices are becoming a trendsetter due to excellent ergonomic designs and low cost.

In the last two decades there has been rampant growth in blind schools due to increased funding received from government and non-government organizations (NGO’s). Blind schools are the first point of contact wherein proper orientation and knowledge is imparted to the visually impaired population which results in independence and operational efficiency in daily chores and activities. Technological advancement in the eye health sector has resulted in impressive assistive technologies pertaining to mobility devices and low vision devices has resulted in tremendous demand for personal use segment.

North America is the clear leader in the regional segment for assistive technologies for visually impaired market. The key parameters responsible for the dominance of North America are rising public health awareness regarding blindness and excellent socio economic conditions safeguarding the welfare of blind people. As per the research findings of European Blind Union (EBU), approximately 1 in 30 Europeans experience some sort of blindness. Domicile of key players attract huge business traction on account of large blind population in European Union. Asia Pacific is set to register marvelous growth during the forecast period owing to the rising prevalence of blindness, improving socio-economic conditions in middle and low income countries. Emergence of local players posing competition to global leaders propel market growth in Asia Pacific region.

The major players engaged in developing assistive technologies for the visually impaired are Amedia Corporation, Access Ingenuity, American Thermoform, BAUM Retec AG, Cambium Learning, Dolphin Computer Access Ltd., Humanware Group, Nippon Telesoft, LVI Low Vision International and VFO.

Key Market Movements:

Rising prevalence of blindness throughout the globe
Increased funding received from charities and donations from influential groups to support blind people
Technological advancement in the educational and low vision devices with excellent ergonomic design to assist the visually impaired population

Total Views: 65Word Count: 571See All articles From Author

Add Comment

Business Articles

1. Custom Carts
Author: By:Ashley James

2. World Is Moving Towards Much Eco-friendly Future
Author: Michael Luis

3. Mirae Asset Overnight Fund Details – Mirae Asset Mutual Fund
Author: dariya

4. Spandana Sphoorty Financial Ltd Ipo
Author: Stock Investor

5. Sbi Fixed Maturity Plan – Series 21 – 1109 Days
Author: dariya

6. Brokerage Bullish On 3 Stocks Gives You 44% Returns
Author: Stock Investor

7. Bgr Energy Systems Q4 Result; Net Loss Of Rs. 4.71 Cr
Author: dariya

8. Sanmit Infra Q4 Results: Net Sales Increased By 82.65% To Rs. 18.81 Crores For Fy20
Author: dariya

9. Top 5 Stocks That Will Give Double-digit Returns For Next 2 Months
Author: Stock Investor

10. Dumps Pin Cc Shop Online

11. Things You Must Know About Chandler Memory Care
Author: Anu Walia

12. Nine Of Wands Tarot Card Meaning
Author: Marco Graves

13. Dog Training Methods To Help You Train Your Dogs Competently
Author: backcountryk9

14. What Is Building Services? Archer Mechanical, Inc.
Author: Court Harris

15. Publishing Platform - Manuscript Submission & Peer Review Software Tools
Author: Digiscape

Login To Account
Login Email:
Forgot Password?
New User?
Sign Up Newsletter
Email Address: