ALBANY, N.Y. -
Dec. 11, 2023 -
PRLog -- The global Assistive Technologies for Visually Impaired Market (https://cognizancemarketresearch.com/
report/assistive-
technologies-
for-visually-
impaired-market/)
is experiencing significant growth, driven by a number of factors including:
- Rising Prevalence of Vision Impairment: According to the World Health Organization, over 2.2 billion people globally have a vision impairment, with nearly 1 billion experiencing moderate or severe vision loss.
- Technological Advancements: Rapid advancements in artificial intelligence, computer vision, and other technologies are leading to the development of innovative new assistive devices.
- Governments and NGOs Initiatives: Governments and non-governmental organizations are increasingly investing in programs that promote access to assistive technologies for people with vision impairments.
- Growing Awareness: There is a growing awareness of the needs of people with vision impairments and the benefits of assistive technologies.
Market Size and Growth Potential: - The global market for assistive technologies for the visually impaired is estimated to reach US$ 13,313.6 Million by 2030, with a CAGR of nearly 13.8% between 2022 and 2030.
- The market is segmented by product type, end user, and geography.
- Educational devices and software, low vision devices, and mobility devices are among the major product segments.
- Blind schools and training institutes, government/social/non-profit organizations, and personal use are among the key end users.
- North America is expected to dominate the market throughout the forecast period, followed by Europe and Asia-Pacific.
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Key Trends and Developments: - AI-powered assistive technologies: There is a growing trend of AI-powered assistive technologies, such as smart glasses and AI backpacks, that can help visually impaired people navigate their surroundings and perform daily tasks.
- Accessible software and apps: Many software programs and mobile apps are now being developed with accessibility features for people with vision impairments.
- Focus on affordability: Manufacturers are increasingly focusing on developing affordable assistive technologies to make them accessible to a wider population.
- Government initiatives: Governments around the world are implementing policies and programs to promote the development and adoption of assistive technologies.
Challenges and Opportunities: - Cost of assistive technologies: Many assistive technologies are still expensive, making them inaccessible to many people.
- Lack of awareness: There is a lack of awareness among the general public about the needs of people with vision impairments and the benefits of assistive technologies.
- Need for further research and development: There is a need for further research and development to create even more effective and affordable assistive technologies.