Analysis of Assistive Technologies Demand for Visually Impaired market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
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.
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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 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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The assistive technologies demand for visually impaired market consists of the following players:
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.
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.
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The Prominent manufacturers covered: VFO group, Amedia Corporation, Dolphin Computer Access Ltd, HumanWare Group, Cambium Learning and Access Ingenuity.
The CAGR of over 8.6% Assistive Technologies Demand for Visually Impaired market
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