Visual Impairment Market to Surpass US$ 8,130.3 Million is expected to exhibit a CAGR of 8.1% by 2028 | Adaptivation, Inc., AbleNet, Inc., Amedia Corporation, Access Ingenuity, LVI Low Vision International

Many people have some type of visual impairment at one point or another. From not being able to see far objects to difficulty reading small print, everyone has experienced some type of visual difficulty. While many can be treated with eyeglasses or contact lenses, others may require surgery or medical treatment. Listed below are some of the most common types of Vision Impairment and how they can be treated.

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Low vision and blindness are two commonly used terms for vision loss. Low vision is a significant loss of vision that doesn’t necessarily affect distance vision. In other words, a person with low vision may not be able to read a newspaper at a normal distance. They may need Braille or large print materials. In extreme cases, a person is totally blind if their better eye’s vision is less than 20/200. A totally blind person is not able to see and is rely on Braille or a sighted reader.

The global visual impairment market is estimated to be valued at US$ 4,362.8 million in 2020 and is expected to exhibit a CAGR of 8.1% over the forecast period (2020-2027).

Growing prevalence of visual impairment & blindness and increasing prevalence of eye disorders are expected to drive the market growth over the forecast period 

The growing prevalence of visual impairment & blindness is a key factor responsible for growth of the global visual impairment market. For instance, as per World Health Organization (WHO), at least 1 billion people had a near or distance vision impairment globally in 2019.

Furthermore, growing prevalence of eye disorders such as diabetic retinopathy, refractive error, glaucoma, cataract, and age-related macular degeneration is projected to rise the number of visually impaired people globally, thus fueling demand for assistive technologies in visual impairment. This will, in turn, drive growth of the global visual impairment market. For instance, as per World Glaucoma Association, it is estimated that 79.6 million individuals will have glaucoma in 2020. This number is likely to increase to 111.8 million individuals in 2040.

Growing government initiatives for raising awareness regarding advanced devices is projected to drive the market growth over the forecast period

Increasing government initiatives to promote the use of assistive technology and provide assistive technology devices to disabled people is again projected to drive the global visual impairment market growth. Governments are focusing on investing in NGOs who are developing assistive technology for impaired people. For instance, in 2018, the Government of India announced that the Karnataka State Government initiated country’s first disability-focused technology accelerator, Assistive Technology Accelerator (ATA), in partnership with Samarthanam Trust, a non-profit organization (NGO) working for the disabled people. Moreover, the Government of India announced to fund US$ 1.5 million for this initiative.

Global Visual Impairment 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. According to the World Health Organization’s report, the manifestation of coronavirus disease (COVID-19) has resulted in more than 68.1 million infected individuals worldwide as of December 10, 2020. 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 until the end of the third quarter of 2020.

Global Visual Impairment Market – Restraint

Strict regulatory scenario is a key factor restricting growth of the global visual impairment market. Strict 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 global visual impairment market.

Key Players

Major players operating in the global visual impairment market include Adaptivation, Inc., AbleNet, Inc., Amedia Corporation, Access Ingenuity, LVI Low Vision International, American Thermoform, Cambium Learning, Dolphin Computer Access Ltd., HumanWare Group, ViewPlus, and VFO.

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Table of Content

Chapter 1 Industry Overview
1.1 Definition
1.2 Assumptions
1.3 Research Scope
1.4 Market Analysis by Regions
1.5 Visual Impairment Market Size Analysis from 2022 to 2028
11.6 COVID-19 Outbreak: Visual Impairment Industry Impact

Chapter 2 Global Visual Impairment Competition by Types, Applications, and Top Regions and Countries
2.1 Global Visual Impairment (Volume and Value) by Type
2.3 Global Visual Impairment (Volume and Value) by Regions

Chapter 3 Production Market Analysis
3.1 Global Production Market Analysis
3.2 Regional Production Market Analysis

Chapter 4 Global Visual Impairment Sales, Consumption, Export, Import by Regions (2017-2022)
Chapter 5 North America Visual Impairment Market Analysis
Chapter 6 East Asia Visual Impairment Market Analysis
Chapter 7 Europe Visual Impairment Market Analysis
Chapter 8 South Asia Visual Impairment Market Analysis
Chapter 9 Southeast Asia Visual Impairment Market Analysis
Chapter 10 Middle East Visual Impairment Market Analysis
Chapter 11 Africa Visual Impairment Market Analysis
Chapter 12 Oceania Visual Impairment Market Analysis
Chapter 13 South America Visual Impairment Market Analysis
Chapter 14 Company Profiles and Key Figures in Visual Impairment Business
Chapter 15 Global Visual Impairment Market Forecast (2022-2028)
Chapter 16 Conclusions
Research Methodology