Market Size in 2024 | Market Forecast in 2034 | CAGR (in %) | Base Year |
---|---|---|---|
USD 5.72 Billion | USD 21.01 Billion | 13.89% | 2024 |
The global assistive technologies for visually impaired market size was worth around USD 5.72 Billion in 2024 and is predicted to grow to around USD 21.01 Billion by 2034 with a compound annual growth rate (CAGR) of roughly 13.89% between 2025 and 2034. The report analyzes the global assistive technologies for visually impaired market's drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the assistive technologies for visually impaired industry.
Visual impairment results in partial or complete loss of vision and leads to hindrance in performing of routine tasks, thereby severely impacting the quality of life of the individuals. Furthermore, these assistive technologies for visually impaired includes magnifying glasses, optical character recognition, reading assistance software, optoelectronic reading systems, screen readers, electronic dictionaries, speech recognition software, text to voice technologies, smart canes, and braille displays.
As per WHO, there are nearly 2.2 billion people across the globe who are visually impaired and impairment of vision is a major cause of financial burden resulting in annual productive losses of nearly USD 411 billion. According to American Foundation for the Blind, nearly 8.7 million people in the U.S. were visually impaired and more than 1.3 billion in the country were completely blind by January 2016. Moreover, the American Foundation for the Blind and National Federation for the Blind reported that nearly 1,00,000 from among these visually impaired and blind population were students.
According to NIH researchers, the number of blind persons above sixty years of age is increasing by nearly 2 million each decade and may be doubled in the foreseeable future. The increase in the number of visually impaired people has created massive demand for assistive tools and technologies. These assistive technologies assist the visually impaired persons in effectively performing their daily activities, offer them safe mobility, and improve their quality of life.
The outbreak of the Covid-19 pandemic severely affected the expansion of the global assistive technologies for visually impaired market and witnessed a steep reduction in the production of assistive tools for visually impaired due to low supply of raw materials and low mobility of workforce due to lockdowns imposed by various governments to curb the spread of COVID-19 pandemic. During the pandemic, the surging costs compelled industry players to purchase more raw materials at higher costs, thereby raising the costs of assistive tools for visually impaired.
Apart from this, the Covid-19 protocols also led to shut down of production plants. Therefore, there was low production of assistive tools during the pandemic, particularly in the first and second quarter of the Covid-19 pandemic period. But the lifting of lockdowns post COVID-19 pandemic along with the lifting of restrictions on the import of raw materials used for producing assistive tools for visually Impaired people are expected to open new facades of growth for the global market in the years to come.
Rise in aging population prone to cataract & refractive error to boost demand for assistive technologies
A prominent rise in population with visual impairment due to aging, cataract, refractive error, and other health related issues will boost the demand for assistive technologies for visually impaired. In addition to this, technological advancements in domain of assistive tools for impaired people and favourable government initiatives towards use of the assistive technologies will expand the scope of growth of the assistive technologies for visually impaired market across the globe. For the record, In May 2022, WHO and UNICEF jointly introduced first global report on assistive technology. Moreover, the report states that over 2.5 billion people across the globe require assistive tools and need of assistive tools will increase to 3.5 billion by 2050 due to surge in elderly population and rise in non-communicable ailments globally.
Rising costs of new assistive technologies for visually impaired can restrict the growth of the global market
High costs associated with the new assistive technologies for visually impaired people can pose a threat to the expansion of the global assistive technologies for visually impaired industry. As per first global report on assistive technology released jointly by WHO and UNICEF, there were huge gaps found in the service provisioning and trained personnel for assistive technologies in almost 70 countries in fields such as cognition, self-care, and communication. This factor can prove to be a major hindrance for the expansion of the assistive technologies for visually impaired industry across the globe.
A large proportion of visually impaired persons in lower- & middle-income countries do not have access to assistive technologies and this can pose a key challenge to the growth of the global market
As per Global Report on Assistive Technology released by WHO and UNICEF in May 2022, nearly 90% of the visually impaired population requiring assistive technologies cannot avail it. This is likely to be major challenge for the market growth. For the record, the global report on assistive technology has stated that a large number of visually impaired people in lower- and middle-income nations do not have access to assistive products or technologies and the access is as less as 3%. This can prove to be a challenging factor for the sizable expansion of the assistive technologies for visually impaired market.
Introduction of new low vision apps to open new dimensions of growth for the market across globe
Rise in launch of new kinds of low vision apps and devices as well as audiobooks such as audible books will help the key players explore new opportunities of growth in untapped markets across the globe. A number of start-up firms are trying to unleash new growth avenues in the global industry and this can contribute majorly towards the global market proceeds.
The global assistive technologies for visually impaired market is divided into product type, end user, and region.
Based on product type, the global assistive technologies for visually impaired industry is segmented into mobility devices, educational devices & software, and low vision devices segments. Moreover, educational devices & software segment led the global assistive technologies for visually impaired market share in 2021 and is set to dominate it even during the forecast timeline. The segmental growth can be due to rise in use of educational devices & software for visually impaired students for educational purpose.
In terms of end user, the global assistive technologies for visually impaired market is divided into enterprises & social organizations, blind schools, personal use, and federations & hospitals segments. Moreover, enterprises & social organizations segment, which led the growth of global market in 2021, is predicted to chart a profitable growth map for the assistive technologies for visually impaired industry in the forthcoming years. The growth of the segment during 2022-2030 can be attributed to massive demand for assistive technologies for visually impaired persons by enterprises & social organizations as a part of their corporate social responsibility initiative for helping the individuals with visual impairments.
In September 2022, eSight, a major player manufacturing vision enhancement tool, launched eSight4, a medically validated & U.S. FDA registered low vision device for visually impaired people, at Chicago, U.S. Reportedly, the new device will help people with central vision loss achieve 20/20 visual acuity. The move will help the people faced with low vision issues in enhancing their experience of real-world environment, save their travel time, reduce burden of refereeing clinic, and ensure high patient satisfaction. The move will boost the market trends in the U.S.
Report Attributes | Report Details |
---|---|
Report Name | Assistive Technologies For Visually Impaired Market |
Market Size in 2024 | USD 5.72 Billion |
Market Forecast in 2034 | USD 21.01 Billion |
Growth Rate | CAGR of 13.89% |
Number of Pages | 266 |
Key Companies Covered | HumanWare, Freedom Scientific, Dolphin Computer Access, Ai Squared, Vispero, Optelec, HIMS Inc., BrailleNote, and others. |
Segments Covered | By Type, By Application, By End User, and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, The Middle East and Africa (MEA) |
Base Year | 2024 |
Historical Year | 2020 to 2023 |
Forecast Year | 2025 - 2034 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
North American assistive technologies for visually impaired market to expand leaps & bounds over 2025 - 2034
In terms of region, the global assistive technologies for visually impaired market is segmented into Latin America, Europe, North America, Asia-Pacific, and the Middle East and Africa. The North American region is slated to lead the global market growth over the next eight years subject to rise in the number of people affected due to complete or partial visual impairment. Apart from this, presence of strong healthcare infrastructure and technological upgradations of assistive technologies for visually impaired in countries such as the U.S. and Canada will expand the regional market size and increase its scope in the region.
The report provides a company market share analysis to give a broader overview of the key market players. In addition, the report also covers key strategic developments of the market, including acquisitions & mergers, new product launches, agreements, partnerships, collaborations & joint ventures, research & development, and regional expansion of major participants involved in the assistive technologies for visually impaired market on a global and regional basis.
The global assistive technologies for visually impaired market is led by players such as
By Product Type
By End User
By Region
FrequentlyAsked Questions
The global assistive technologies for visually impaired market is expected to grow due to technological innovations, growing support from governments and NGOs, and rising global prevalence of visual impairments.
According to a study, the global assistive technologies for visually impaired market size was worth around USD 5.72 Billion in 2024 and is expected to reach USD 21.01 Billion by 2034.
The global assistive technologies for visually impaired market is expected to grow at a CAGR of 13.89% during the forecast period.
North America is expected to dominate the assistive technologies for visually impaired market over the forecast period.
Leading players in the global assistive technologies for visually impaired market include HumanWare, Freedom Scientific, Dolphin Computer Access, Ai Squared, Vispero, Optelec, HIMS Inc., BrailleNote, among others.
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