About Assistive Technologies for Visual Impairment
Assistive technology includes various types of products and services that help in improving the functioning of children with disabilities. These include communication, mobility, self-care, and others. With the growing investment by the government and with the technology development this industry is seeing strong growth potential in the future.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The market is seeing moderate market players, by seeing huge growth in this market the key leading vendors are highly focusing on the production technologies, efficiency enhancement, and product life. There is a various growth opportunity in this market which is captured by leading players via tracking the ongoing process enhancement and huge invest in market growth strategies. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Assistive Technologies for Visual Impairment market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
VFO Group (United States), Papenmeier (Germany), Freedom Scientific (United States), Humanware (Canada), Amedia (Japan), Nippon Telesoft (Japan), Eurobraille (France), BAUM Retec (Germany), Easterseals Crossroads (United States) and Compusult Limited (Canada) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are VisionCue (United States), ICT Creatives (United States), Handy Tech Elektronik GmbH (Germany) and Others.
Segmentation Overview
AMA Research has segmented the market of Global Assistive Technologies for Visual Impairment market by Type (Braille Displays, Note Takers and Magnifiers), Application (Blind School, Disabled Persons Federation & Hospital, Enterprises & Social Organizations and Others) and Region.
On the basis of geography, the market of Assistive Technologies for Visual Impairment has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by End Users, the sub-segment i.e. Children will boost the Assistive Technologies for Visual Impairment market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Category, the sub-segment i.e. Communication will boost the Assistive Technologies for Visual Impairment market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Investment by the Government and Rise in Procurement of Assistive Products for Children with Disabilities
Market Growth Drivers:
Increasing Number of Children with Disabilities and Growing Need for Assistive Technology
Challenges:
Lack of Supply in Under Developing Regions
Restraints:
Lack of Human Resources
Opportunities:
Technology Development, Cost-Effectiveness of Assistive Technology for Schooling and Lack of Awareness, Along with Scarcity of Governance Including Policies, National Programmes, and Others
In October 2022, Eyedaptic, a new company founded in 2016 that developed a proprietary technology to aid visually impaired individuals, announced the launch of its new smart glasses to improve the sight of visually challenged people. The Eye5 is a wearable device that comes with AI-powered sight assistance.
Key Target Audience
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analyst and Strategic Business Planners, Assistive Technologies for Visual Impairment Providers, Government Regulatory and Research Organizations and End-Use Industries
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.