ASSISTIVE TECHNOLOGIES FOR VISUALLY IMPAIRED MARKET ANALYSIS

Market Challenges And Opportunities

Increasing population with visual impairment, owing to refractive error, cataract, geriatric, and other health related issues is expected to drive the market growth

Government Initiatives and Technological Advancements in Field of Assistive Devices for Impaired Vision

Assistive technology device manufacturers are focusing on developing new assistive technologies for visually impaired people. Technology-based companies such as google, apple, and others are focused on developing assistive technologies such as speech to text and voice assistance, which could help people with impaired vision to perform their daily tasks with ease, this is expected to drive demand for assistive technologies over the forecast period. For instance, in October 2019, Google LLC announced about its 2^nd generation google assistance with increased speed. This new assistive technology will help visually impaired people to receive information through voice assistance and can aid visually impaired people to reach their destination via google map using google assistance.

Moreover, government of various countries are implementing various initiatives to promote assistive technology and provide assistive technology devices to disabled people across their countries. Government are also focusing to invest in NGO’s, who are developing assistive technology for impaired people. For Instance, in 2018, 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 Government of India announced to fund US$ 1.5 Million for this initiative. Therefore, this factors are expected to drive global assistive technology for visually impaired market growth over the forecast period.