Vision Impairment Market

Visual impairment (VI), a condition of reduced visual performance that cannot be treated by refractive correction (glasses or contact lenses), surgery, or medical methods. An irreversible vision loss, a restricted visual field, decreased contrast sensitivity, increased sensitivity to glare, as well as a decreased capacity to perform activities of daily living like reading or writing which are all considered as signs of visual impairment (VI)

Market Dynamics

The increasing prevalence of vision impairment is one of the major factors that drive the market growth. For instance, on October 13, 2022, according to the report published by the World Health Organization, approximately 2.2 billion people have a near or distance vision impairment globally, out of which 1 billion or almost half of these cases are of vision impairment that could have been prevented or has yet to be addressed.

Furthermore, increasing demand for assistive technologies in vision impairment due to the greater prevalence of diseases such as glaucoma, cataract, and macular degeneration may affected with vision impairment across the globe. For instance, in December 2020, according to an article published by Medical Express, an urgent care center, the number of blind persons is expecetd to increase from 36 million in 2020 to 115 million in 2050 as the individuals grow older.

Similarly, in December 2020, according to the report published in Elsevier Inc., an academic publishing company, approximately 295 million people were estimated to have moderate and severe vision impairment in 2020 globally, of whom 163 million were female. On the other hand, 258 million people had mild vision impairment, of whom 142 million were female till November 2020. It is estimated that by 2050, 474 million people will have moderate and severe vision impairment, 360 million people will have mild vision impairment, and 866 million people will have uncorrected presbyopia.

Key features of the study:

• This report provides an in-depth analysis of the global vision impairment market, and provides market size (US$ Million) and compound annual growth rate (CAGR%) for the forecast period (2023–2030), considering 2022 as the base year
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global vision impairment market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies Key companies covered as a part of this study include Adaptivation, Inc., AbleNet, Inc., Amedia Corporation, Access Ingenuity, LVI Low Vision International, American Thermoform, Cambium Learning, Dolphin Computers Access Ltd., HumanWare Group, ViewPlus, VFO, Eyedaptic, Inc., and Envision
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
• The global vision impairment market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global vision impairment market

Detailed Segmentation:

• Global Vision Impairment Market, By Product Type:
  • Educational Devices & Software
    • Braille Duplicators and Writers
    • Braille Computers
    • Mathematical & Science Devices
    • Others (Reading Machines and Others)
  • Mobility Devices
  • Low Vision Devices
    • Smart Glasses
    • VTS Link
    • Others (Magnifying Lenses and Others)
• Global Vision Impairment Market By End User:
  • Blind Schools
  • Enterprises & Social Organizations
  • Personal Use
  • Hospitals
  • Others (Research Institutes and Others)
• Global Vision Impairment Market, By Region:
  • North America
    • By Country:
      • U.S.
      • Canada
  • Latin America
    • By Country:
      • Brazil
      • Mexico
      • Argentina
      • Rest of Latin America
  • Europe
    • By Country:
      • Germany
      • U.K.
      • France
      • Italy
      • Spain
      • Russia
      • Rest of Europe
  • Asia Pacific
    • By Country
      • China
      • India
      • Japan
      • Australia
      • South Korea
      • ASEAN
      • Rest of Asia Pacific
  • Middle East
    • By Country:
      • GCC
      • Israel
      • Rest of Middle East
  • Africa
    • By Country/Region:
      • South Africa
      • Central Africa
      • North Africa
• Company Profiles
  • Adaptivation, Inc.*
    • Company Highlights
    • Products Portfolio
    • Key Highlights
    • Financial Performance
    • Strategies
  • AbleNet, Inc.
  • Amedia Corporation
  • Access Ingenuity
  • LVI Low Vision International
  • American Thermoform
  • Cambium Learning
  • Dolphin Computer Access Ltd
  • HumanWare Group
  • ViewPlus
  • VFO
  • Eyedaptic, Inc.
  • Envision

 “*” marked represents similar segmentation in other categories in the respective section.