About Low Vision Devices
Low vision is a term used to describe the visual impairment condition that cannot be cured with the help of glasses, contact lenses, medicine, and eye surgery and person with the low vision condition is not able to do the day to day task properly. However, low vision devices assist them to make most of the vision in order to perform everyday tasks more easily and with less frustration. There are several types of low vision devices are available such as optical devices, non-optical devices, electronic magnifiers, and magnifying systems. Low vision devices are task-specific, intended for close-up visual tasks or distance viewing. The application of these devices may depend upon the eye condition and everyday living needs.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
There are various companies are exploring the market in new geographical regions by adopting various market growth strategies such as mergers & acquisitions, expansions, investments, new product launches and many others. The market leading players are exploring new opportunity areas through expansions and acquisitions across the globe to avail competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Low Vision Devices 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.
ZEISS International (Germany), Enhanced Vision, Inc. (United States), OrCam (United States), Ash Technologies (Ireland), Zoomax (United States), Optelec US (United States) and Eschenbach Optik of America, Inc., (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Freedom Scientific Inc. (United States) and Others.
Segmentation Overview
AMA Research has segmented the market of Global Low Vision Devices market by Type (Video Magnifier, Computer Related Device, Audio Device and Head Worn Device), Application (Personal Use and Commercial) and Region.
On the basis of geography, the market of Low Vision Devices 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 Sales Channel, the sub-segment i.e. Online will boost the Low Vision Devices market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
The rising prevalence of visual impairments, especially among the aging population.
Market Growth Drivers:
Increasing Prevalence of the Low Vision Condition, Increasing Focus of the Companies on the Development of the Advanced Devices and Increasing Geriatric Population
Challenges:
Lack of low vision devices (94.4%) and equipment (87%) .
Restraints:
Lower adoption of the devices in the middle and low income countries.
Opportunities:
Emerging Demand from Economies
Market Leaders and their expansionary development strategies
In January 2024, Gentex Corp. announced this week it has acquired the assets of eSight, a provider of vision enhancement technologies, to develop and manufacture the next generation of mobile electronic eyewear designed to help people living with visual impairments.
In January 2018, Enhanced Vision and VFO, with its Freedom Scientific and Optelec brands, has announced the merger in order to create the world’s largest assistive technology provider for the visually impaired. Both the companies have a long history of developing innovative technology solutions that enable blind and low vision individuals to reach their full potential to gain an education, succeed in professional careers, obtain employment, and live independently throughout their lives.
Key Target Audience
Low Vision Devices Manufacturers, Low Vision Devices Distributors, Low Vision Devices Importer/Exporter, Regulatory & Government Bodies and Downstream Vendors
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.