Vision Impairment Market – Continues to Expand For Development In Future Challenges

Growth of the Vision Impairment Market Amid Future Challenges

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.

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Rising population with visual impairment & blindness due to different eye conditions, and increasing geriatric population who are more prone to visual impairment are some of the major factors responsible for growth of the global visual impairment market. For instance, according to the report published by the United Nation (UN), the global population of age 60 and above was around 962 million in 2017, which is expected to reach 2.1 billion by 2050. Also, as per National Federation of the Blind, in 2016, an estimated 3,171,100 people over the age of 65 years and older were reported to have visual disability in the U.S.

The increasing geriatric population is expected to foster the risk of vision impairment. Hence, rising geriatric population with more risk of visual impairment is expected to fuel the global visual impairment market growth during the forecast period.

Visual impairment can be described as vision loss or decreased ability to see to a degree that causes problems not fixable by usual means such as glasses. Visual impairment may cause difficulties with normal daily activities such as reading and walking without adaptive training and equipment. This visual impairment can be caused due to various factors, which include refractive error, glaucoma, cataract, etc. Visual impairment can be managed by different assistive devices for day to day activities such as reading, walking, etc. These devices and technologies ranges from educational devices, low vision devices to mobility devices. Assistive technology aids visual impaired people to read printed material or surf the web using assistive technology devices such as screen readers, screen magnifiers, and others.

Detailed Segmentation:

By Product Type:

• • Educational Devices & Software
    • Braille Duplicators and Writers
    • Braille Computers
    • Mathematical & Science Devices
    • Reading Machines
    • Others
  • Mobility Devices
    • Canes
    • Others
  • Low Vision Devices
    • Smart Glasses
    • VTS Link
    • Magnifying Lenses
    • Others
  • Others

By End Use:

• • Blind Schools
  • Enterprises & Social Organizations
  • Personal Use
  • Hospitals
  • Others

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The COVID-19 pandemic has affected various industries globally. Supply of key raw materials for producing medical devices have been severely disrupted due to the forced quarantine, and lack of labor and raw materials. As the link between regional warehouses is not smooth, the transportation of raw materials between regions cannot be carried out successfully. This shortage of raw materials and components have affected the supply chain of the global visual impairment market. Quarantine, traveling constraints, and social distancing measures are likely to lead to a steep decline in business and consumer spending until the end of the 2020. Moreover, 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, particularly blindness due to diabetic retinopathy.

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