Visual Impairment Market to Reach $8,130.3M by 2027

Visual impairment is the loss of vision that cannot be corrected by refraction (glasses). There are number of eye disorders that can lead to visual impairments. Visual impairment can also be caused by trauma, and brain and nerve disorders. Visual impairments affect people differently. It can range from no vision (blindness) or very low vision to not being able to see particular colors. There are many assistive devices for managing visual impairment, which range from educational devices such as Braille Writers and reading machines, to mobility devices such as canes & crutches, etc. These devices help visually impaired people to read printed material or surf the web using assistive technology devices such as screen readers, screen magnifiers, and others.

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Rising population with visual impairment & blindness due to different eye conditions, and increasing geriatric population who are more prone to visual impairment are some of the major factors responsible for growth of the global visual impairment market. For instance, according to the report published by the United Nation (UN), the global population of age 60 and above was around 962 million in 2017, which is expected to reach 2.1 billion by 2050. Also, as per National Federation of the Blind, in 2016, an estimated 3,171,100 people over the age of 65 years and older were reported to have visual disability in the U.S.

The increasing prevalence of visual impairment & blindness is a major factor responsible for growth of the global visual impairment market. For instance, as per World Health Organization (WHO), at least 1 billion people had a near or distance vision impairment globally in 2019.

Furthermore, increasing prevalence of eye disorders such as diabetic retinopathy, refractive error, glaucoma, cataract, and age-related macular degeneration is projected to increase the number of visually impaired people globally, thereby fueling demand for assistive technologies in visual impairment. This will, in turn, drive growth of the global visual impairment market. For instance, as per World Glaucoma Association, it is estimated that 79.6 million individuals will have glaucoma in 2020. This number is likely to increase to 111.8 million individuals in 2040.

Detailed Segmentation

By Product Type:

• Educational Devices & Software
  • Braille Duplicators and Writers
  • Braille Computers
  • Mathematical & Science Devices
  • Reading Machines
  • Others
• Mobility Devices
  • Canes
  • Others
• Low Vision Devices
  • Smart Glasses
  • VTS Link
  • Magnifying Lenses
  • Others
• Others

By End Use:

• Blind Schools
• Enterprises & Social Organizations
• Personal Use
• Hospitals
• Others

Visual Impairment Market by Geography Analysis::

North America (The US, Canada, and Mexico)

Europe (the UK, Germany, France, and Rest of Europe)

Asia Pacific (China, India, and Rest of Asia Pacific)

Latin America (Brazil and Rest of Latin America)

Middle East & Africa (Saudi Arabia, the UAE, South Africa, and Rest of Middle East & Africa)

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Key Players In Visual Impairment Market

The “Global Visual Impairment Market” study report will provide a valuable insight with an emphasis on the global market. The major players in the market are Adaptivation, Inc., AbleNet, Inc., Amedia Corporation, Access Ingenuity, LVI Low Vision International, American Thermoform, Cambium Learning, Dolphin Computer Access Ltd., HumanWare Group, ViewPlus, and VFO.

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The post Visual Impairment Market to Surpass US$ 8,130.3 Million by 2027 At a CAGR of 8.1% over the forecast period (2020-2027) appeared first on Gatorledger.