Assistive Technologies Demand for Visually Impaired Market Forecast, Trend Analysis & Competition Tracking - Global Market Insights 2020 to 2026

Published on : Mar-2020 | List of Tables : 78 | List of Figures : 86 | No. of Pages : 170 | Report Code : FACT4635MR |

Technological Advancements to Augment Demand for Assistive Technologies for Visually Impaired

Assistive technology for the visually impaired has transformed dramatically over the past few years. Introduction of modern technology has brought significant changes in many areas. These developments have provided new opportunities for visually impaired people to cope with their disability. Introduction of electronic mobility aids, such as Ray and UltraCane to assist blind people in detecting obstacles are significant technological developments.

On the back of this, the assistive technology demand for the visually impaired market is expected to register prolific growth in the future. Expected CAGR for the forecast period (2020-2026) is pegged at 8.6%, surpassing a valuation of US$ 7,170.2 Mn. Reading assistance technologies, providing a text-to-speech output, is another key technological development driving the assistive technologies for the visually impaired market. Other generic drivers, such as increasing elderly population, increased incidents of visual impairment and rising healthcare expenditure are contributing factors as well.

Educational Devices to Capture Significant Market Share, Mobility Devices Close In

Educational Devices & Software are expected to account for almost three-fifth of the assistive technologies demand for the visually impaired market. The segment is anticipated to reach a value of US$ 4,122 Mn by 2026. This is attributed to increase in spending on education by public and private educational institutions. Increased adoption of devices like tactile toys which emit sound for pre-academic learning, braille slate and stylus for writing, are some examples of spending on assistive technologies.

Mobility devices are expected to gain significant traction during the forecast period. Expected CAGR for the segment is pegged at 8.8%, surpassing a valuation of US$ 1,096 Mn by 2026. Introduction of new technologies such as Wayband, Dot Smartwatch and Be My Eyes are key drivers for the proliferation of this segment.

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North America Remains Kingpin, Asia-Pacific to Register Prolific Growth

North America is set to dominate the assistive technologies demand for the visually impaired market. High adoption of technologically advanced devices and easy access to them by the people are key factors contributing to the region’s increasing market share. Projected market share for North America during the forecast period is estimated at approximately two-fifth of the total assistive technologies demand for visually impaired market.

Asia-Pacific is expected to register an upsurge in the future, expanding at a CAGR of 9.4% between 2020 and 2026. This is attributed to increased adoption of technological devices in the educational sector such as braille translators, reading machines, magnifiers and mobility devices. The region is expected to register a market share of 23% during the forecast period.

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Product Promotions and Product Launches to Shape Market Landscape

The assistive technologies demand for visually impaired market consists of the following players: VFO group, Amedia Corporation, Dolphin Computer Access Ltd, HumanWare Group, Cambium Learning and Access Ingenuity to name a few. Product promotions and product launches constitute principal strategies of the market players. For example, Dolphin Computer Access Ltd shall promote their Connect & Learn, Whiteboard Wizard and EasyReader technologies at the upcoming VIEW 2020 Conference in Birmingham, Ireland. These Qualified Teacher of the Visually Impaired (QTVI) driven innovations aim to provide low-vision learners acquire quality education. Among these, the EasyReader app has become a favorite way for students to download and read textbooks from the internet.

Another player, Access Ingenuity, offers assistive technology solutions such as low vision magnification systems, braille displays, screen reading, screen magnification and learning disabilities software. Some of its vision enhancing products include large print keyboards, named ZoomText and Keys-U-See. These keyboards make typing easier for those customers who face difficulties deciphering letters by providing larger prints. Also, its Victor Reader Trek talking book player enables visually impaired readers to enjoy books through an audio playback as podcasts.

Assistive Technologies Demand for Visually Impaired Market- Scope of the Report

The recent study by Fact.MR on assistive technologies demand for visually impaired market offers a 6-year forecast between 2020 and 2026. The study analyzes crucial trends that are currently determining the growth of assistive technologies demand for visually impaired market. This report explicates on vital dynamics such as the drivers, restraints and opportunities for key market players along with key stakeholders as well as emerging players associated with the manufacturing of assistive technological devices. The study also provides dynamics that are responsible for influencing the future status of the assistive technologies demand for visually impaired market over the forecast period.

A detailed assessment of assistive technologies demand for visually impaired market value chain analysis, business execution, and supply chain analysis across the regional markets has been covered in the report. A list of prominent companies operating in the assistive technologies demand for visually impaired market along with their product portfolio enhances the reliability of this comprehensive research study.

Assistive Technologies Demand for Visually Impaired Market: Report summary

The study offers a comprehensive analysis on diverse features including production capacities, demand, product developments, revenue generation and sales in assistive technologies demand for visually impaired market across the globe.

A comprehensive estimate on assistive technologies demand for visually impaired market has been provided through an optimistic scenario as well as a conservative scenario, taking into account the sales of assistive technologies demand for visually impaired market during the forecast period. Price point comparison by region with global average price is also considered in the study.

Assistive Technologies Demand for Visually Impaired Market segmentation

Fact.MR has studied the assistive technologies demand for visually impaired market with detailed segmentation on the basis product type, end-users and key regions.

Product Type

End-users

Key Regions

Educational Devices & Software:

Braille Duplicators & Writers

Braille Computers

Mathematical & Science Devices

Reading Machines

Others

Blind Schools

North America

Mobility Devices:

Canes

Others

Enterprises & Social Organizations

Europe

Low Vision Devices:

Smart Glasses

VTS Link

Magnifying Lenses

Others

Personal Use

Asia Pacific

Others

Federation & Hospitals

Latin America

 

Others

Middle East & Africa

“This taxonomy prepared is confidential and intended exclusively for the individual or entity with whom it is being shared. Reading, disseminating, distributing, or copying this to any party other than addressee(s) is unauthorized and prohibited.”

Assistive Technologies Demand for Visually Impaired Market: Analysis on market size evaluation

Assistive technologies demand for visually impaired market has been analyzed for each market segment, in terms of value (US$ Mn).

Market estimates at global and regional levels for assistive devices is available in terms of “US$ Mn” for value, along with market attractiveness evaluation in the report.

Assistive Technologies Demand for Visually Impaired Market: Inspected Assessment on Regional Segments

Key sections have been elaborated in the assistive technologies demand for visually impaired market report, which have helped to deliver projection on the regional markets. These chapters include the regional macros (economic and business environment outlook), which are expected to have a momentous influence on the growth of assistive technologies demand for visually impaired market during the forecast period.

Country-specific valuation on demand for assistive technologies demand for visually impaired has been offered for each regional market, along with the market scope estimate and forecast, price index, and impact analysis of dynamics of prominence in regions and countries. Detailed breakup in terms of value for emerging countries has also been included in the report.

Assistive Technologies Demand for Visually Impaired market: In-depth analysis on competitive landscape

The report sheds light on the leading manufacturers of assistive technologies demand for visually impaired market along with their detailed profiles. Essential and up-to-date data information related to the market performers, who are principally engaged in the production of assistive technological devices, has been brought with the help of a detailed dashboard view. Market share analysis and comparison of prominent players provided in the report permits the report readers to take preemptive steps in advancing their businesses.

Company profiles have been included in the report, which includes essentials such as product portfolio, key strategies along with all-inclusive SWOT analysis on each player. Company presence is mapped and presented through the matrix for all the prominent players thus providing the readers with actionable insights, which helps in thoughtfully presenting market status, and predicting the competition level in assistive technologies demand for visually impaired market. Prominent manufacturers with established market presence in global assistive technologies demand for visually impaired market are VFO Group, Amedia Corporation, Dolphin Computer Access Ltd, Access Ingenuity and HumanWare Group to name a few.

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Assistive Technologies Demand for Visually Impaired Market Forecast, Trend Analysis & Competition Tracking - Global Market Insights 2020 to 2026