According to this study, the global Assistive Technologies for Visual Impairment market is valued at 109.4 million US$ in 2017 and is expected to reach 146.1 million US$ by the end of 2025, growing at a CAGR of 3.67 % between 2017 and 2025.
Global Assistive Technologies for Visual Impairment Market: Market Driver and Restraint
Government initiatives, funding programs, and technological advancements are the primary drivers of the assistive technologies for visually impaired market. In addition, Increase in efforts by manufacturers for the development of highly advanced, technology-based devices is also fuelling the growth of the market. Furthermore, future development of innovative devices for assistance in smart devices access is also likely to boost the growth of the market. While, lack of appropriate technology and high price of devices are some of the restraints of the market.
Global Assistive Technologies for Visual Impairment Market: Forecast by Application
This segment includes Blind School, Disabled Persons Federation & Hospital and Enterprises & Social Organizations.
In terms of applications, the Blind School segment was estimated to account for the highest sales share of 67.08% in 2017 and is expected to gain significant market share by the end of 2025.
Global Assistive Technologies for Visual Impairment Market: Forecast by Form
This segment includes Braille Displays, Note Takers, Magnifiers, Braille Printers & Embossers and Braille Writers.
On the basis of product type, the Braille Displays segment is projected to account for the largest sales share during the forecast period; this segment is estimated to account for 42.63% sales share in 2025.
Global Assistive Technologies for Visual Impairment Market: Forecast by Region
In this study, the market for the Assistive Technologies for Visual Impairment consumption divided into seven geographic regions. This segment includes North America, Europe, China, Japan, Korea, Taiwan and Rest of World.
In this study, the market for the Assistive Technologies for Visual Impairment consumption divided into six geographic regions. Growth of the assistive technologies for visually impaired market in different regions is dependent on factors such as reimbursement issues, medical practices, and education, and training. North America is expected to be the largest market owing to increase in demand in the U.S. driven by rise in prevalence of chronic disorders and surge in geriatric population.
In 2017, major demand is expected to account 37.05% from North America in the global assistive technologies for visual impairment market. Europe is occupied 35.99% market in assistive technologies devices for visual impairment industry and will increase stably. Other major demand is expected from emerging markets of Japan and China, totalled contributed 13.09 percent.
Global Assistive Technologies for Visual Impairment Market: Key Players
VFO Group, Humanware, Papenmeier, Handy Tech Elektronik GmbH, Perkins Solutions, Eurobraille, Brailletec, Amedia, Nippon Telesoft, TQM and VisionCue, are the key vendors included in this report.
Of the major players of the Assistive Technologies for Visual Impairment market, VFO Group maintained its first place in the ranking in 2017. Top 3 players include VFO Group, Humanware and Papenmeier.
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