Global Low Vision Devices Market Overview:
Low vision is a term used to describe the visual impairment condition that cannot be cured with the help of glasses, contact lenses, medicine, and eye surgery and person with the low vision condition is not able to do the day to day task properly. However, low vision devices assist them to make most of the vision in order to perform everyday tasks more easily and with less frustration. There are several types of low vision devices are available such as optical devices, non-optical devices, electronic magnifiers, and magnifying systems. Low vision devices are task-specific, intended for close-up visual tasks or distance viewing. The application of these devices may depend upon the eye condition and everyday living needs. Some of the key players profiled in the study are ZEISS International (Germany), Enhanced Vision, Inc. (United States), OrCam (United States), Ash Technologies (Ireland), Zoomax (United States) and Optelec US (United States).
On the basis of geography, the market of Low Vision Devices has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Sales Channel, the sub-segment i.e. Online will boost the Low Vision Devices market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Increasing Prevalence of the Low Vision Condition
- Increasing Focus of the Companies on the Development of the Advanced Devices
- Increasing Geriatric Population
- Emerging Demand from Economies
Major Market Developments:
On 23 January 2018, Enhanced Vision and VFO, with its Freedom Scientific and Optelec brands, has announced the merger in order to create the world’s largest assistive technology provider for the visually impaired. Both the companies have a long history of developing innovative technology solutions that enable blind and low vision individuals to reach their full potential to gain an education, succeed in professional careers, obtain employment, and live independently throughout their lives.
Low Vision Devices Manufacturers, Low Vision Devices Distributors, Low Vision Devices Importer/Exporter, Regulatory & Government Bodies and Downstream Vendors
Major Objectives Focused through this Study
To define, describe, and forecast the Global Low Vision Devices market on the basis of product [Video Magnifier, Computer Related Device, Audio Device and Head Worn Device] , application [Personal Use and Commercial], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Low Vision Devices market with respect to major geographies, namely, South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)
To strategically profile the key players and analyzing their market shares and core competencies in the Low Vision Devices industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Players which are also part of the research are .
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Low Vision Devices market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. Top-down and bottom-up approaches have been used to determine the overall market size. Sizes of the other individual markets have been estimated using the percentage splits obtained through secondary sources such as Hoovers, Bloomberg BusinessWeek, and Dow Jones (Factiva), along with primary respondents. The complete methodology includes the study of the annual and financial reports of the key market players and extensive interviews with industry experts such as CEOs, VPs, directors, and marketing executives for key insights (both qualitative and quantitative) related to the market.