The Assistive Technologies For Visually Impaired Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2024-2033).
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According to The Business Research Company’s Assistive Technologies For Visually Impaired Global Market Report of 2024, the market for assistive technologies tailored to the visually impaired has experienced remarkable growth in recent years. This growth trajectory is set to continue, with the market expected to expand from $5.29 billion in 2024 to $6.11 billion in the same year, boasting a compound annual growth rate (CAGR) of 15.5%. The surge witnessed in the historic period can be primarily attributed to several factors including the burgeoning aging population, heightened awareness surrounding assistive technologies, and an uptick in governmental initiatives aimed at supporting this demographic.
Projections indicate that the assistive technologies for visually impaired market will maintain its robust growth momentum in the forthcoming years. By 2028, it is anticipated to reach a substantial valuation of $10.68 billion, growing at a CAGR of 15.0%. This anticipated growth surge in the forecast period is fueled by escalating incidences of visual impairments and blindness, coupled with an increasing demand for solutions that cater to the unmet needs of patients within this demographic.
Noteworthy trends expected to shape the landscape of this market in the forecast period include the proliferation of smart glasses integrated with artificial intelligence (AI), advanced screen readers, braille displays, and augmented reality (AR) applications designed for navigation assistance.
Key players operating within the assistive technologies for the visually impaired market are strategically prioritizing the development of products infused with cutting-edge technology, such as AI-enabled smart glasses, to bolster their market competitiveness and enhance profitability. These innovative solutions, exemplified by Envision’s Next Generation AI-empowered smart glasses launched in March 2022, empower individuals with visual impairments to navigate their surroundings with increased confidence and independence.
Growing incidences of visual impairments and blindness are expected to propel the growth of assistive technologies for the visually impaired market going forward. Visual impairment and blindness refer to conditions that result in limited or no ability to see, affecting a person’s vision to varying degrees. Assistive technologies enhance accessibility for individuals with visual impairments and blindness, providing essential support, such as braille displays, for improved navigation, information access, and communication. For instance, in August 2024, according to the World Health Organization, worldwide, a staggering 2.2 billion individuals grapple with vision impairment, of which 1 billion cases are either preventable or inadequately addressed. Additionally, 36% of those are affected by refractive errors, and 17% deal with impairment due to cataracts. Therefore, growing incidences of visual impairments and blindness are driving the growth of assistive technologies for the visually impaired market.
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The assistive technologies for visually impaired market covered in this report is segmented –
1) By Type: Educational Devices And Software, Mobility Devices, Low Vision Devices
2) By Distribution Channel: Hospital Pharmacies, Retail Pharmacies, Optical Stores, Online Pharmacies
3) By End User: Blind Schools, Enterprises And Social Organizations, Personal Use, Hospitals, Other End Users
Top 5 Major Players:
The AI-powered smart glasses for the visually impaired offer a myriad of advanced functionalities including optical character recognition (OCR), enhanced text recognition capabilities, multi-language support, and a diverse app ecosystem for seamless integration of tailor-made applications catering to specific needs such as orientation and mobility assistance both indoors and outdoors. Furthermore, these smart glasses feature facial and object recognition capabilities, color identification, and scene description functionalities, augmented by an encrypted video call feature facilitating seamless communication with trusted contacts.
By converting visual data into auditory cues, these smart glasses foster autonomy and expand users’ perceptual horizons. The product, built upon the foundation of Google Glass Enterprise Edition 2, boasts a lightweight design of under 50 grams, an 8-megapixel wide-angle camera, ensures uninterrupted 5–6-hour connectivity, and supports USB-C fast charging, embodying a harmonious blend of innovation and practicality tailored to meet the unique needs of visually impaired individuals.
1. Executive Summary
2. Assistive Technologies For Visually Impaired Market Characteristics
3. Assistive Technologies For Visually Impaired Market Trends And Strategies
4. Assistive Technologies For Visually Impaired Market – Macro Economic Scenario
5. Global Assistive Technologies For Visually Impaired Market Size and Growth
……
32. Global Assistive Technologies For Visually Impaired Market Competitive Benchmarking
33. Global Assistive Technologies For Visually Impaired Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Assistive Technologies For Visually Impaired Market
35. Assistive Technologies For Visually Impaired Market Future Outlook and Potential Analysis
36. Appendix
List Of Tables:
Table 1: Global Historic Market Growth, 2018-2023, $ Billion
Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
Table 3: Global Assistive Technologies For Visually Impaired Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global Assistive Technologies For Visually Impaired Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global Assistive Technologies For Visually Impaired Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
…..
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