What is Global Low Vision Electronic Visual Aids Market?
The Global Low Vision Electronic Visual Aids Market is a specialized sector that focuses on providing electronic visual aids to individuals with low vision. These aids are designed to enhance the remaining vision of the user, enabling them to perform daily tasks more efficiently. The market encompasses a wide range of products, from simple magnifying glasses to complex electronic devices. The global market for these aids was valued at US$ 185.9 million in 2023 and is projected to reach US$ 237.3 million by 2030. This growth is driven by an increasing aging population, rising prevalence of eye diseases, and advancements in technology. The market is also influenced by various factors such as the cost of the devices, the level of awareness about these aids, and the availability of reimbursement policies.
Portable Electronic Magnifiers, Closed Circuit Television (CCTV), Voice Readers, Others in the Global Low Vision Electronic Visual Aids Market:
The Global Low Vision Electronic Visual Aids Market is segmented into various types of aids including Portable Electronic Magnifiers, Closed Circuit Television (CCTV), Voice Readers, and others. Portable Electronic Magnifiers are handheld devices that use a camera to capture an image of the text or object and then display it on a screen in a magnified form. CCTV is a stationary device that magnifies images on a monitor, making it easier for individuals with low vision to read or view objects. Voice Readers convert text into speech, allowing individuals with low vision to listen to the content. Other aids include software programs that magnify the content on computer screens, and wearable devices that use augmented reality to enhance vision. Each of these aids serves a unique purpose and caters to the specific needs of the individual.
Hospital Pharmacies, Optical Stores, Retail Pharmacies, Online Pharmacies in the Global Low Vision Electronic Visual Aids Market:
The Global Low Vision Electronic Visual Aids Market finds its application in various areas such as Hospital Pharmacies, Optical Stores, Retail Pharmacies, and Online Pharmacies. Hospital Pharmacies often provide these aids to patients who have undergone eye surgeries or are suffering from severe eye conditions. Optical Stores offer a wide range of these aids, allowing customers to try them out before making a purchase. Retail Pharmacies often stock these aids as over-the-counter products, making them easily accessible to the general public. Online Pharmacies provide the convenience of home delivery and often offer these aids at discounted prices. Each of these areas plays a crucial role in making these aids available to individuals with low vision.
Global Low Vision Electronic Visual Aids Market Outlook:
Looking at the market outlook for the Global Low Vision Electronic Visual Aids Market, it is clear that the sector is on a growth trajectory. In 2023, the market was valued at US$ 185.9 million. However, it is expected to grow significantly and reach a valuation of US$ 237.3 million by 2030. This represents a Compound Annual Growth Rate (CAGR) of 3.6% during the forecast period from 2024 to 2030. This growth can be attributed to several factors including an increase in the aging population, a rise in the prevalence of eye diseases, and advancements in technology that have led to the development of more effective and user-friendly visual aids.
| Report Metric | Details |
| Report Name | Low Vision Electronic Visual Aids Market |
| Accounted market size in 2023 | US$ 185.9 million |
| Forecasted market size in 2030 | US$ 237.3 million |
| CAGR | 3.6% |
| Base Year | 2023 |
| Forecasted years | 2024 - 2030 |
| Segment by Type |
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| Segment by Application |
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| By Region |
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| By Company | HumanWare, Eschenbach Optik GmbH, Vispero, Esight, Aumed Group Corp., Rejoin Technology Co., Ltd., Quantum, Vision Aid International, Jaggi Brothers, Carclo, Emerald Coast Vision Aids, Inc. |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
