Global Vision Impairment Devices Market is set to grow at a 8% CAGR to reach $5.5 billion by 2026

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Vision Impairment is the limitation of one or more eye functions or visual systems. This can range from mild vision impairment to total blindness. The most common causes of visual impairment are uncorrected refractive errors, cataracts, and glaucoma. In such situations of visual impairment, assistive technologies for visual impairment can be used.

Advent of Advanced Technologies for Visual Impairment Drives the Market Growth

In the past years, the main option for visually impaired people for vision assistance was magnifying lenses. Today’s assistive technology tools not only include better magnification devices, but also advanced software, apps, and other products that use facial recognition, artificial intelligence, augmented reality, and other technologies to tangibly improve the lives of the visually impaired. Increasing awareness of visual impairment among people has resulted in driving the demand for assistive technologies for the visually impaired.

“Blindness or visual impairment can have a profound impact on one’s life. New intuitive and intelligent solutions are emerging to address such conditions which can change the lives of people living with visual impairment and vision loss. Advancements in assistive technologies have a key role to play.” – VP Product Innovation, Design and Product Development, Vision Impairment Device Company, USA

North America Leads in terms of Adoption of Vision Impairment Devices Market

North America has the largest market share for vision impairment devices market, followed by Europe and the Asia Pacific. An increase in the incidence of vision impairment among the population, software to help the visually impaired population, and the presence of top market players are some of the key factors driving the North American market.

Competitive Landscape Analysis: Vision Impairment Devices Market

Leading players operating in the global vision impairment devices market are Adaptivation, Inc., AbleNet, Inc., Amedia Corporation, Access Ingenuity, Eyedaptic, Inc., HumanWare Group, ViewPlus, VFO, and Envision, among others.

Organic and Inorganic Growth Strategies Adopted by Players to Establish Their Foothold in Vision Impairment Devices Market

Players operating in the market adopt both organic and inorganic growth strategies such as collaborations, acquisitions, and new product launches to garner market share. For instance,

• In February 2021, EssilorLuxottica and Cooper Companies, two of the world’s leading vision care companies, announced the acquisition of SightGlass Vision, a U.S.-based life sciences company with the common goal of driving the commercialization of innovative myopia control technologies.
• In January 2020, ViewPlus introduced the new Power-Dot Braille which is the strongest and most readable Braille dots available from any desktop braille embosser.

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