ASSISTIVE TECHNOLOGY MARKET ANALYSIS

Market News

Recent Developments

New product launches

• On May 31, 2023, Cognex Corporation, the leader in industrial machine vision, launched the Advantage 182 vision system designed to automate complex location, classification, and inspection tasks. This all-in-one vision system includes advanced machine vision, barcode reading, and edge learning technology to automate a variety of tasks—from simple presence/absence detection and track-and-trace applications to high-precision alignment and complex color inspections.
• On June 05, 2023, Apple, unveiled Apple Vision Pro, a revolutionary spatial computer that seamlessly blends digital content with the physical world, while allowing users to stay present and connected to others. Apple Vision Pro creates an infinite canvas for apps that scales beyond the boundaries of a traditional display and introduces a fully three-dimensional user interface controlled by the most natural and intuitive inputs possible — a user’s eyes, hands, and voice.
• In November 2020, Envision, the award-winning AI-assistive technology company that empowers blind and visually impaired people with greater independence and access to the visual information around them, officially launched the Envision Glasses, the most advanced, AI-powered, assistive glasses available on the market.

Acquisition and partnerships

• On September 08, 2023, Body Vision Medical, a leader in AI-driven intraoperative imaging, and Mediflex, a leading developer and producer of unique, innovative surgical devices entered into a distribution agreement that enables Body Vision Medical to sell Mediflex’s Bronchoscope Stabilization System (BSS) product globally.
• On June 14, 2023, Vuzix Corporation, a leading supplier of Smart Glasses and Augmented Reality (AR) technology and products, announced the distribution agreement with ASK Corporation, a Japan-based leading distributor providing products, services and solutions to consumer, commercial, and professional users of IT equipment. Vuzix Corporation received and shipped a large volume purchase order from ASK Corporation, who will distribute Vuzix products to its customers across Japan.
• On January 06, 2023, Smart Vision Device is an innovative Artificial Intelligence (AI)-based wearable device which can help the visually impaired to read, navigate, and recognize objects and people. Commemorating World Braille Day by empowering persons with vision impairment, 26 of these devices were distributed at an event organized in collaboration and support with Vision-Aid, by the Vasantha-Krupa Palakurthi Vision-Aid Resource Centre of Excellence - Institute for Vision