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Assistive Technologies For Visually Impaired Market By Product (Educational Devices, Mobility Devices, Low Vision Devices, Others), By End Users (Blind School, Hospital And Social Organization, Personal Use) - Growth, Future Prospects & Competitive Analysis, 2018 – 2026

Industry Outlook

The assistive technologies for visually impaired market is set to reach US$ 6,979.5 Mn by 2026 from US$ 3,497.5 Mn in 2017 at a compound annual growth rate (CAGR) of 8.0% during the forecast period from 2018 to 2026. As per the latest research citing of The International Agency for the Prevention of Blindness (IAPB) approximately 36 million people throughout the globe are blind. In depth studies have noted that around 217 million people have severe to moderate visual impairment and desperately need assistive technologies for their care and support.

Global eye health sector have understood the need of blind people and likewise have manufactured devices to aid the visually impaired population. There has been a drop in the prevalence rate from 4.58% in 1990’s to 3.8% in 2015. It is important to note that the prevalence rate of blindness is variegated depending on the availability of eye care and socio economic factors among countries.

Market Synopsis

Assistive Technologies For Visually Impaired Market

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"Mobility devices will be the fastest growing segment on account of technological advancement and better ergonomic design"

Braille scripts are widely used by blind people to understand literature, traditionally it was written on embossed paper. Currently braille scripts are available on computer screens and other refreshable braille displays and writers. Companies such as Amedia Corporation and BAUM Retec AG are providing braille displays, electronically magnifying vision aids and reading devices for the implementation of electronically available information in braille scripts and speech output. Mobility devices are set to register impressive growth during the forecast period on account of increase in donations and charities to help the visually impaired people with better mobile devices to improve their quality of life and perform ambulatory activities independently. Better operational efficiency, navigation and excellent ergonomic designs propel the mobility devices market.

Assistive Technologies For Visually Impaired Market

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"Increased funding and awareness campaign for visual impairment has resulted in rapid growth of blind schools throughout the globe"

Healthcare agencies and nonprofit organizations (NGO’s) throughout the globe have been providing large funds for the awareness campaign and assistance to fight visual impairment throughout the globe. In the last two decades there has been a rise in the enrollment of visually impaired students in blind schools. Braille scripts in the form of writers, printers, computers and other standalone devices are provided in blind schools to improve education and quality of life of blind students. Growing awareness of visual impairment among citizens due to proactive social media and digital platform has resulted in increased usage of mobility devices and low vision devices for personal use. Availability of diverse range of products pertaining to standalone devices and software to assist visual impairment drives the personal use market globally.

Assistive Technologies For Visually Impaired Market

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"Rising prevalence of visually impaired population and emergence of local players drive the market growth in Asia Pacific"

Currently North America dominates the assistive technologies for visually impaired market with a share of 39%. The factors responsible for the dominance of North America are the well-developed healthcare infrastructure and technological advancement in the devices and software to help the visually impaired population. Germany pioneers in technology and is actively engaged in designing new software for braille printers and writers. Rising prevalence of eye disorders and proactive social organizations cater the needs of the visually impaired population in Europe. Asia Pacific accounts for one third of the global visually impaired population on account of dire eye health conditions in the middle and low income countries of Asia Pacific region.  Emergence of local players pose serious competition to key players providing devices and software equipped with braille script in Asia Pacific.

Assistive Technologies For Visually Impaired Market

Historical & Forecast Period

This research report presents the analysis of each segment from 2016 to 2026 considering 2017 as the base year for the research. Compounded annual growth rate (CAGR) for each respective segments are calculated for the forecast period from 2018 to 2026.

Report Scope by Segments

Quantitative market analysis was conducted to determine the market estimation and compounded annual growth rate (CAGR) for assistive technologies for the visually impaired market. The segmentation comprises of by product, end users and geography.

ATTRIBUTE DETAILS
Research Period  2016-2026
Base Year 2017
Forecast Period  2018-2026
Historical Year  2016
Unit  USD Million
Segmentation

 By Product (2016–2026; US$ Mn)
 • Educational Devices
    o Braille Computers
    o Braille Writers
    o Reading Machines
 • Mobility Devices
 • Low Vision Devices
 • Others 

 By End Users (2016–2026; US$ Mn)
 • Blind School
 • Hospital and Social Organization
 • Personal Use

 Geography Segment (2016–2026; US$ Mn)
 • North America (United States and Canada)
 • Europe (U.K., Germany, Rest of Europe)
 • Asia Pacific (China, Japan, Rest of Asia Pacific)
 • Latin America (Brazil, Mexico, Rest of Latin America)
 • Middle East and Africa (GCC, Rest of MEA)

Market assessment was performed by employing the organic and inorganic growth strategies to determine the prevailing trends in the assistive technologies for the visually impaired. In depth analysis regarding the technological advancement taking place in the devices are covered in the products segment. The percolation of these devices for the visually impaired population in different strata of the society is studied in the end users segment. Competitive landscape is determined to understand the existing competition among the device manufacturers. In the product portfolio segment the different types of devices and software to assist the visually impaired are briefly covered. The key players providing the assistive technologies for the visually impaired population 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 questions answered in this report

  • Who are the key players providing assistive technologies and devices to the visually impaired population?
  • What is the compounded annual growth rate and market estimation for the assistive technologies for visually impaired market?
  • What are the latest technological advancement in the educational devices and low vision devices?
  • What are the organic and inorganic growth strategies currently prevalent in the assistive technologies for the visually impaired market?
  • Which is the leading and fastest growing product segment in the assistive technologies for the visually impaired market?
  • Which is the leading and fastest growing end users segment in the assistive technologies for the visually impaired market?
  • Which is the leading and fastest growing regional segment in the assistive technologies for the visually impaired market?
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Budget Buying
Executive Summary - Brief Global Market Size - Current & Forecast
Regional Market Size - North America
Country Market Size - US
Company Profile – 1
Trusted By
Godaddy
Published Date:  Sep 2018
Category:  Medical Devices
Report ID:   59351
Report Format:   PDF
Pages:   120
Rating:    4.5 (70)
Delivery Time: 24 Hours to 48 Hours   
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