Title: Vision Impairment Devices Market is projected to raise at a CAGR of 8% to reach ~$5.5 billion by 2026
1Vision Impairment Devices Market Growth by Top
Key Players - Adaptivation, Inc., AbleNet, Inc.,
Amedia Corporation, Access Ingenuity
2The limitation of one or more eye functions or
visual systems is referred to as vision
impairment. This can range from mild vision
impairment to total blindness. The most typical
causes of visual impairment are uncorrected
refractive errors, cataracts, and glaucoma.
Assistive technology for visual impairment can be
utilized in certain cases of visual
impairment. The Vision Impairment Devices Market
is expected to grow at a rate of 8 to reach
5.5 billion by 2026. Some of the main factors
propelling the vision impairment devices market
are rising prevalence of visual impairment
blindness, growing prevalence of eye disorders
(such as diabetic retinopathy, refractive error,
glaucoma, and cataract), rising awareness
regarding assistive technologies for the visually
challenged, and growing government initiatives
for awareness funding for the advanced devices.
However, a stringent regulatory requirement is a
key challenge hindering the growth of the global
visual impairment market. The Arrival of
Advanced Technologies for Visual Impairment
Drives the Vision Impairment Devices Market In
the past years, the main option for visually
impaired people for vision assistance was
magnifying lenses. Today's assistive technology
tools not only include better magnification
devices, but also advanced software, apps, and
other products that use facial recognition,
artificial intelligence, augmented reality, and
other technologies to tangibly improve the lives
of the visually impaired.
3- Several advancements have recently been made to
improve the quality of life of visually impaired
people such as - In October 2021, Freedom Scientific announced the
newest addition to its RUBY family, the RUBY 10,
a 10-inch touch screen video magnifier with
optional text to speech and advanced viewing
modes - In June 2021, Eyedaptic, Inc. announced Eye3, a
new and improved version of its augmented reality
eyewear designed for patients with age-related
macular degeneration (AMD) and low vision - Rising awareness of visual impairment among the
people, due to media and other social platforms,
has resulted in driving the demand for assistive
technologies for the visually impaired. - Blindness or visual impairment can have a
profound impact on one's life. New intuitive and
intelligent solutions are emerging to address
such conditions which can change the lives of
people living with visual impairment and vision
loss. Advancements in assistive technologies have
a key role to play. - VP Product Innovation,
Design and Product Development, Vision Impairment
Device Company, United States - Explore Premium Report on Vision Impairment
Devices Market _at_ https//meditechinsights.com/glob
al-vision-impairment-devices-market/
4- North America Leads in terms of Acceptance of
Vision Impairment Devices Market - North America has the largest market share for
vision impairment, followed by Europe and the
Asia Pacific. Some of the main factors driving
the North American market include an increase in
the incidence of vision impairment among the
population, software to help the visually
impaired population, and the presence of key
market players in this region. - Organic and Inorganic Growth Strategies Adopted
by Players to Establish Their Foothold in Vision
Impairment Devices Market - Players operating in the vision impairment
devices market accept both organic and inorganic
growth strategies such as collaborations,
acquisitions, and new product launches to garner
market share. - For instance,
- In February 2021, EssilorLuxottica and Cooper
Companies, two of the worlds leading vision care
companies, announced the acquisition of
SightGlass Vision, a U.S.-based life sciences
company with the common goal of driving the
commercialization of innovative myopia control
technologies. - In January 2020, ViewPlus introduced the new
Power-Dot Braille which is the strongest and most
readable Braille dots available from any desktop
braille embosser - The vision impairment devices market is an
increasing market that is anticipated to gain
further momentum in the coming years due to a
rise in the development of smart technology, a
favourable regulatory landscape, and increasing
investments from private equity, venture
capitalists, and government globally.
5Competitive Landscape Analysis of Vision
Impairment Devices Market Major players operating
in the global vision impairment devices market
include Adaptivation, Inc., AbleNet, Inc., Amedia
Corporation, Access Ingenuity, Eyedaptic, Inc.,
HumanWare Group, ViewPlus, VFO, and Envision,
among others. For More Detailed Insights,
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