Healthcare Medical Devices Biotechnology

Assistive Technologies for Visually Impaired Market is expected to reach USD 9.75 billion by 2030

Mar 2024

Healthcare Medical Devices Biotechnology

As per the report published by Kings Research, the global Assistive Technologies for Visually Impaired Market was valued at USD 5.01 billion in 2022 and is projected to reach USD 9.75 billion by 2030, growing at a CAGR of 8.85% from 2023 to 2030.

The rise in demand for assistive products, including screen readers for the blind, computer screen magnifiers for the visually impaired, and low-vision assistive devices, is largely driven by an aging population. In addition, the market for disabled and elderly assistive technologies is expected to benefit from the increasing availability and frequent rollouts of innovative devices for the blind. This trend is expected to continue over the next decade.

One example of a new assistive device for the visually impaired is the OrCam MyEye, a wearable device that uses artificial intelligence to read text, recognize faces, and identify everyday objects.

Key Insights

  • Based on product type, the educational device & software segment held the largest market share of 43.75% in 2022
  • Based on end user, the enterprise & social organizations segment generated the highest revenue of 2.19 billion in 2022
  • On the basis of region, North America accounted for the largest market share of 41.88% in 2022

eSight Revolutionizes Assistive Technology with Latest Innovation, Offering Enhanced Visual Clarity and Expanded Field of View for Visually Impaired Users

January 2023 (Launch): Vision-enhancement specialist eSight launched its novel assistive technology innovation, which is designed to improve visual clarity and expand the wearer’s field of view, empowering visually impaired users to gain independence in their daily lives.

Growing Expansion of Schools for the Blind to Propel Assistive Technologies For Visually Impaired Market Growth

Non-governmental organizations (NGOs) and healthcare agencies worldwide have been funding campaigns to increase awareness and provide assistance in the fight against visual impairment. With mounting awareness and funding, the last two decades have seen a rise in the enrollment of visually impaired students in blind schools. These schools are equipped with Braille writers, printers, computers, and other standalone devices aimed to enhance the educational and daily-living needs of visually impaired students. Proactive use of social media and digital platforms has led to enhanced awareness of visual impairment among citizens, prompting an increased uptake of mobility and low-vision devices for personal use.

Enhancing Navigation and Accessibility in Assistive Technologies for the Visually Impaired Market

As the demand for assistive technologies for the visually impaired continues to grow, there exists a significant opportunity to focus on improving navigation and accessibility features. Leveraging advancements in artificial intelligence, sensor technology, and user interface design, innovators can develop solutions that empower individuals with visual impairments to navigate their surroundings more independently and efficiently. By prioritizing the development of intuitive interfaces, seamless integration with existing devices, and real-time navigation assistance, companies can address the evolving needs of this market segment.

North America to Witness Significant Market Growth Due to Rising Number of Visually Impaired Individuals

Based on regional analysis, the global potato market is classified into North America, Europe, Asia Pacific, MEA, and Latin America. The North America region dominated the market with a share of 41.88% in 2022 and is poised to grow at a CAGR of 9.01% from 2023 to 2030 due to a rise in the number of people affected by visual impairment in this region. Additionally, a surge in funding and awareness campaigns for assistive technologies, as well as the presence of established healthcare agencies and non-governmental organizations, are aiding the market's growth in North America

Rising Emphasis of Market Players on Expanding Geographical Presence to Support Industry Growth

The market is fragmented with key players such as Amedia Corporation, VFO, Cambium Learning, Dolphin Computer Access Ltd., Access Ingenuity, American Thermoform Corp., LVI Low Vision International, ViewPlus, Humanware Australia Pty Ltd., and Freedom Scientific, Inc., among others. Companies in the industry are employing a variety of strategic measures such as acquisitions, mergers, partnerships, product introductions, and collaborations to expand their business presence globally and enhance their competitive position.

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