Continued research and development must be the primary strategic tenet of leading players in the global assistive technologies demand for visually impaired market in order to stay atop.
ROCKVILLE, MD / ACCESSWIRE / May 6, 2020 / The global assistive technologies demand for visually impaired market was evaluated at approximately US$ 7 Bn in 2020. Proliferation of reading assistance technologies are major growth levers of the market. Fact.MR projects the global market to expand at robust CAGR of approximately 8.6% CAGR over the forecast period (2020-2026).
"Technological innovations such as text-to-speech output, Be My Eyes, Dot Smartwatch, and Wayband are aiding the growth of assistive technologies demand for visually impaired market. Further, rising visual impairment incidents and elderly population are supporting the market growth," states the Fact.MR analyst.
Request PDF sample of the 170-page report on the Assistive Technologies Demand for Visually Impaired Market-
- Educational devices & software segment will hold 3/5th share in the overall market stack in terms of product type.
- Demand for mobility devices will gather major impetus through the projection period.
- North America will lead the assistive technologies demand for visually impaired market through 2026.
- Asia Pacific market will register stellar growth at approximately 9.4% CAGR over the forecast period.
Key Driving Factors
- Easier access and greater adoption of advanced devices will boost market growth in North America through 2026.
- The education sector in developing countries of Asia Pacific is promoting the usage of mobility devices, magnifiers, braille translators.
- Greater healthcare expenditure is contributing significantly to market growth.
- Growing investments in education sector by both private and public institutes is escalating the assistive technologies demand for visually impaired.
- Lack of greater access in emerging countries is a major growth limiting factor.
- Fewer opportunities for employment and education for visually impaired people living in poverty reduce the possibility of greater adoption.
Explore 78 tables and 86 figures of the study. Request ToC of the report at-
Impact of COVID-19 on Assistive Technologies Demand for Visually Impaired Market
The healthcare domain is one of the worst affected industries in the wake of COVID-19 pandemic. Disruptive supply chain amid widespread lockdown is slowing the growth of assistive technologies demand for visually impaired market. The downward trend is projected to continue through later half of 2020.
Moreover, the hospitals across the world are swamped with COVID-19 patients because of whom patients in need of other medical assistance are unable to receive the necessary attention. As a result, assistive technologies demand for visually impaired market has taken a backseat. However, the market is projected to improve through first half of 2021 as the pandemic subsides.
Some of the key players profiled in this Fact.MR study include, but are not limited to, HumanWare Group, Access Ingenuity, Dolphin Computer Access Ltd., Amedia Corporation, and VFO Group. Product launches and product promotions are chief strategies of top players in the global assistive technologies demand for visually impaired market. For instance, technologies such as EasyReader, Whiteboard Wizard, and Connect & Learn are being promoted by Dolphin Computer Access Ltd. Moreover, others assistive technologies such as learning disabilities software, screen magnification, screen reading, braille displays, and low vision magnification solutions are being offered by Access Ingenuity. Hence, market leaders will continue to prioritize technological innovation for indubitable competitive advantage.
About the Report
This 170-page study offers in-depth commentary on the assistive technologies demand for visually impaired market. The study provides compelling insights on the assistive technologies demand for visually impaired market on the basis of product type (educational devices & software, mobility devices, low vision devices), end-users (blind schools, enterprises & social organizations, personal use, federation & hospitals) across five regions (North America, Europe, Asia Pacific, Latin America, Middle East & Africa).
Explore Fact.MR's Comprehensive Coverage on Healthcare Landscape
Mycoplasma Detection Systems Market - Fact.MR's detailed study on the global mycoplasma detection systems market encompasses year-on-year growth analysis, key growth indicators, and market dynamics for predefined projection period (2019-2029).
Hydrosurgery Systems Market - Get comprehensive analysis on the global hydrosurgery systems market through Fact.MR's in-depth report covering quantitative and qualitative insights for 2019-2029.
Endoscopy Ultrasound Market - Know more about the major opportunities, drivers, and challenges facing the global endoscopy ultrasound market through Fact.MR's latest study for the course of forecast period (2020-2026).
Expert analysis, actionable insights, and strategic recommendations of the veteran research team at Fact.MR helps clients from across the globe with their unique business intelligence requirements. With a repository of over thousand reports and 1 million+ data points, the team has scrutinized the Healthcare industry across 50+ countries for over a decade. The team provides unmatched end-to-end research and consulting services. Fact.MR's latest market reports and industry analysis help businesses navigate challenges and take critical decisions with confidence and clarity amidst breakneck competition.
11140 Rockville Pike
Rockville, MD 20852
Email: [email protected]