Visual impairment can be any kind of vision loss, whether it is the condition in which someone cannot see at all or someone has partial vision loss. Some conditions which can cause vision loss in babies after birth are cataracts, amblyopia, diabetic retinopathy, glaucoma, macular degeneration, etc. When one or more parts of the eye or brain that are needed to process images become diseased or damaged, severe or total loss of vision can occur. In these cases, vision cannot be fully restored with medical treatment, surgery or corrective lenses like glasses or contacts. In such situations of visual impairment, assistive technologies for visual impairment can be used. This assistive technology for visual impairment can be assistive, adaptive, and rehabilitative devices for the people with disabilities.
The North America visual impairment products and services market is estimated to be valued at US$ 1,906.5 million in 2021 and is expected to exhibit a CAGR of 8.7% over the forecast period (2021-2028).
Figure 1. North America Visual Impairment Market Share (%) in Terms of Value, By Country, 2021
Rising prevalence of visual impairment & blindness and growing prevalence of eye disorders are expected to drive the market growth over the forecast period.
The increasing prevalence of visual impairment & blindness is a major factor responsible for growth of the North America visual impairment products and services market. For instance, according to the Centers for Disease Control and Prevention (CDC) Report published in June 2020, approximately 12 million people aged 40 years and above in the U.S. have vision impairment, including 1 million who are blind, 3 million who have vision impairment after correction, and 8 million who have vision impairment due to uncorrected refractive error. Furthermore, according to Canadian National Institute for the Blind in 2021, increasing prevalence of eye disorders such as diabetic retinopathy, refractive error, glaucoma, cataract, and age-related macular degeneration is projected to increase the number of visually impaired people globally, thereby fueling demand for assistive technologies in visual impairment. This will, in turn drive growth of the North America visual impairment products and services market.
|Base Year:||2020||Market Size in 2021:||US$ 1,906.5 Mn|
|Historical Data for:||2017 to 2020||Forecast Period:||2021 to 2028|
|Forecast Period 2021 to 2028 CAGR:||8.7%||2028 Value Projection:||US$ 3,424.8 Mn|
Adaptivation, Inc., AbleNet, Inc., Amedia Corporation, Access, American Thermoform, GF Health Products Inc., Dolphin Computer Access Limited, Cambium Learning, ViewPlus Technologies, VISPERO, LS&S LLC, Drive DeVilbiss Healthcare, and Technologies HumanWare Inc.
|Restraints & Challenges:||
Figure 2. North America Visual Impairment Products and Services Market Share (%), by Product Type, 2021
Increasing launches of advanced devices is expected to drive the market growth over the forecast period.
Key players in the market are taking initiatives to promote and provide assistive technology devices to disabled people is expected to drive the North America visual impairment market growth. For instance, in October 2019, Google LLC announced about its 2nd generation google assistance with increased speed. This new assistive technology will help visually impaired people to receive information through voice assistance and can aid visually impaired people to reach their destination via google map using google assistance.
North America visual impairment products and services market– Impact of Coronavirus (COVID-19) Pandemic
Since the COVID-19 virus outbreak in December 2019, the disease has spread to over 100 countries across the globe and the World Health Organization declared it a public health emergency in 2020. According to the Coronavirus Disease (COVID-19) Weekly Epidemiological Update by the World Health Organization, the number of COVID-19 cases reported in the U.S. as of June 03, 2021 are approximately 32,963,318 confirmed cases with 589,555 deaths. Whereas, approximately 294,270,594 vaccine doses have been administered in the U.S. till May 27, 2021. In Canada, as of June 03, 2021, the confirmed COVID-19 cases are approximately 1,383,214 with 25,566 deaths and total number of vaccine doses administered in Canada are 22,622,529 till May 27, 2021. Due to the increasing prevalence of COVID-19, key players operating in the visual impairment market are focusing on research and development of novel products to support and combat the effect of COVID-19. COVID-19 pandemic has impacted the global economy and in turn, the visual impairment market. Quarantines, traveling constraints, and social distancing measures are likely to lead to a steep decline in business and consumer spending.
North America visual impairment products and services market: Restraint
Stringent regulatory scenario is the major factor that is expected to hinder growth of the North America visual impairment products and services market. Stringent global regulatory policies on quality assessments of medical device regulation & approval in some countries and increased supply chain security issues across emerging economies have a large impact on the North America visual impairment products and services market.
Major players operating in the North America visual impairment products and services market include Adaptivation, Inc., AbleNet, Inc., Amedia Corporation, Access, American Thermoform, GF Health Products Inc., Dolphin Computer Access Limited, Cambium Learning, ViewPlus Technologies, VISPERO, LS&S LLC, Drive DeVilbiss Healthcare, and Technologies HumanWare Inc.
Visual impairment is the loss of vision that cannot be corrected by refraction (glasses). There are number of eye disorders that can lead to visual impairments. Visual impairment can also be caused by trauma, and brain and nerve disorders. Visual impairments affect people differently. It can range from no vision (blindness) or very low vision to not being able to see particular colors. There are many assistive devices for managing visual impairment, which range from educational devices such as Braille writers and reading machines to mobility devices such as canes & crutches etc. These devices help visually impaired people to read printed material or surf the web using assistive technology devices such as screen readers, screen magnifiers, and others.
The increasing incidence of vision impairment among population is expected to drive growth of the North America visual impairment products and services market over the forecast period. For instance, according to the report published by Canadian National Institute for the Blind in 2021, currently an estimated 1.5 million people in Canada identify themselves with a sight loss and an estimated 5.59 million more have an eye disease that could cause vision impairment. Vision impairment is caused due to various reasons such as hereditary and congenital abnormalities, injuries to the eyes, toxicosis, and acquired eye diseases (cataract, glaucoma, trachoma, cornea disorders, optic neuropathy, disorders of choroid and retina, ametropia, amblyopia, and others).
Key features of the study:
“*” marked represents similar segmentation in other categories in the respective section.