Vision Impairment Devices Market is projected to raise at a CAGR of 8% to reach ~$5.5 billion by 2026 - PowerPoint PPT Presentation

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Vision Impairment Devices Market is projected to raise at a CAGR of 8% to reach ~$5.5 billion by 2026

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The 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. – PowerPoint PPT presentation

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Title: Vision Impairment Devices Market is projected to raise at a CAGR of 8% to reach ~$5.5 billion by 2026


1
Vision Impairment Devices Market Growth by Top
Key Players - Adaptivation, Inc., AbleNet, Inc.,
Amedia Corporation, Access Ingenuity
2
The 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.

5
Competitive 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,
Contact Us _at_ https//meditechinsights.com/contact-
us/ About Medi-Tech Insights Medi-Tech Insights
is a healthcare-focused business research
insights firm. Our clients include Fortune 500
companies, blue-chip investors hyper-growth
start-ups. We have completed 100 projects in
Digital Health, Healthcare IT, Medical
Technology, Medical Devices Pharma
Services. Contact Ruta Halde Associate,
Medi-Tech Insights 32 498 86 80
79 info_at_meditechinsights.com
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