According to the World Health Organization (WHO), old age is one of the main reason that affects vision of the individuals, hence rising geriatric population across the globe is expected to increase demand for assistive technologies devices for visually impaired people, which in turn is expected to drive the market growth over the forecast period. 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, and is expected to reach 2.1 billion by 2050. Moreover, large number of visual impaired population and untapped market across the globe is also expected to drive demand for assistive technology over the forecast period. For instance, according to October 2019 World Health Organization (WHO) report, globally around 2.2 billion people suffered from vision impairment or blindness of which, only 5-15% of the population had access to assistive devices and technologies in many low-income and middle-income countries.
Market Trends
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