The vision impairment market is estimated to be valued at US$ 5388.5 Mn in 2023 and is expected to exhibit a CAGR of 8.8% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
The vision impairment market covers products and services that help people with vision impairment in their daily activities. This includes magnifiers, screen magnification software, braille embossers and displays, optical character recognition software, audio labelers and readers. These products assist people with low vision or blindness in daily tasks like reading, using technology devices, managing finances and navigating environments.
Market Dynamics:
The vision impairment market is driven by increasing prevalence of eye diseases globally. Age-related macular degeneration, diabetic retinopathy, glaucoma, cataract and retinal diseases are major causes of vision impairment. As per estimates by WHO, at least 2.2 billion people have a vision impairment or blindness, of whom at least 1 billion have a vision impairment that could have been prevented or has yet to be addressed. Rising geriatric population is also contributing to growth of this market as risk of vision impairment increases with age. Additionally, ongoing technological advancements are bringing more innovative products for low vision such as smart glasses and cameras, portable magnifiers and virtual/augmented reality systems for navigation. This is expanding functional capabilities of people with vision impairment and driving demand.
Поиск
Категории
- Art
- Causes
- Crafts
- Dance
- Drinks
- Film
- Fitness
- Food
- Игры
- Gardening
- Health
- Главная
- Literature
- Music
- Networking
- Другое
- Party
- Religion
- Shopping
- Sports
- Theater
- Wellness
- IT, Cloud, Software and Technology
Больше
The Top John Deere Tractor Series: Power, Performance, and Precision
The John Deere tractor brand in India is the first modern tractor company to use...
Power Cable Market to witness Robust Expansion by 2032
The market report is a combination of qualitative and quantitative data that highlights...
Demand For Better-Performance And Smarter Diabetes Diagnostics To Increase Significantly By 2030
Demand for diabetes diagnostics is expected to rise in response to surging hospitalizations amid...
Construction Waste Management Market Size, Historical Growth, Analysis, Opportunities and Forecast
Construction Waste Management Market Overview
The global construction waste management market...
Middle East and Africa Travel Beauty Retail Market 2022 with 6.1% CAGR: Emerging Trends, In Depth Analysis of Industry Size and Share, Key Market Dynamics, Restraints and Forecast to 2029
Middle East and Africa travel beauty retail market is expected to gain significant growth in the...