North America Visual Impairment Products And Services Market, by Product Type (Educational Devices & Software (Closed Caption, Braille transcription, alternate text, web accessibility software, Others), Mobility Devices (Canes and Others), Low Vision Devices (Smart Glasses, VTS Link, Magnifying Lenses, Others), by Service Type (Assessment, Screenings, Direct Service, Orientation and Mobility, Others), by End Use (Blind Schools, Enterprises & Social Organizations, Personal Use, Hospitals, and Others), and by Country (U.S and Canada), is estimated to be valued at US$ 1,906.5 Million in 2021 and is expected to exhibit a CAGR of 8.7% over the forecast period (2021-2028), as highlighted in a new report published by Coherent Market Insights.
The increasing prevalence of eye disorders such as diabetic retinopathy, refractive error, glaucoma, cataract, and meibomian gland disease is projected to increase the number of visually impaired people in North America. According to a study published by the American Optometric Association in 2017, more than 16 million Americans including twice as many women than men were suffering from dry eye disease, and out of them around 70% of patients had meibomian gland disease.
North America Visual Impairment Products And Services market– Impact of Coronavirus (COVID-19) Pandemic
The COVID-19 pandemic has affected various industries globally. The players operating in the North America visual impairment products and services market are facing major challenges on various fronts due to the COVID-19 pandemic. The major challenges include supply of raw materials for manufacturing of visual impairment devices due to irregularities in transportation facility. Moreover, distributors of products are experiencing irregular demand for products from the retailers due to increasing patient population suffering from COVID-19 and other life threatening disorders. Supply chain and manufacturing activities in Canada and the U.S. have been disrupted due to lockdowns implemented by governments in the past few months of 2021, while countries like Saudi Arabia, UAE, Egypt, and others are facing problems with the transportation of visual impairment products.
Browse 12 Market Data Tables and 26 Figures spread through 149 Pages and in-depth TOC on “North America Visual Impairment Products And Services market”- Forecast to 2028, North America Visual Impairment Products And Services market, By Product Type (Educational Devices & Software (Closed Caption, Braille transcription, alternate text, web accessibility software, Others), Mobility Devices (Canes and Others), Low Vision Devices (Smart Glasses, VTS Link, Magnifying Lenses, and Others), by Service Types (Assessment, Screenings, Direct Service, Orientation and Mobility, Others), by End Use (Blind Schools, Enterprises & Social Organizations, Personal Use, Hospitals, and Others), and by Country (U.S and Canada)
The key players operating in the market are focusing on facility expansion in order to expand their business in North America. For instance, in January 2018, LVI Low Vision International announced a new subsidiary, LVI America Inc. LVI Low Vision International had implemented a multi-domestic strategic plan to take the U.S to the next level in distribution of vision impairment product and services across the U.S.
Key Takeaways of the North America Visual Impairment Products and Services market:
- The North America visual impairment products and services market is expected to exhibit a CAGR of 8.7% during the forecast period. Key players operating in the market are focusing on adopting strategies such as acquisitions and collaborations which is expected to provide a lucrative opportunity for market players to expand their business in the market For instance, in January 2020, Braillo, a braille manufacturing company, collaborated with ViewPlus, an assistive technology company, which will help to achieve a better reading experience to low vision people using braille embossers and tactile graphics of ViewPlus.
- Among Products, Educational devices & software sub-segment in the North America visual impairment products and services market is expected to drive the segment growth and is estimated to be valued at US$ 971.8 Million in 2021 and is projected to increase to US$ 1,770.9 Million by 2028, witnessing a CAGR of 9.0% during the forecast period. Educational devices & software sub-segment include closed caption, braille transcription, alternate text, web accessibility software, and others
- Among End Use, Blind schools segment in the North America visual impairment products and services market is estimated to witness a CAGR of 8.5% during the forecast period. Increasing incidence of blindness is expected to increase the demand for blind schools, which is expected to propel the segment growth over the forecast period. For instance, according to the National Health Interview Survey (NHIS) data in 2018, estimated 32.2 million adult Americans reported they either have trouble seeing even when wearing glasses or contact lenses or that they are blind.
- Major players operating in the North America visual impairment products and services market are Adaptivation, Inc., AbleNet, Inc., Amedia Corporation, Access
American Thermoform, GF Health Products Inc., Dolphin Computer Access Limited, Cambium Learning, ViewPlus Technologies, VISPERO, LS&S LLC, Drive DeVilbiss Healthcare, and Technologies HumanWare Inc.
