The increasing prevalence of blindness and visual impairment, as well as eye disorders such as cataracts, glaucoma, diabetic retinography, refractive error, and age-related macular degeneration, is driving the growth of the global visual impairment products and services market in North America. Visual impairment can be defined as a condition wherein the affected has partial or complete loss of vision. In many cases, vision cannot be completely restored through any surgeries, medical treatments, or corrective methods. In these cases, assistive technologies from the visual impairment products and services market can be utilized. Assistive technologies for visual impairment consist of rehabilitative, assistive, and adaptive medical devices for people suffering from visual disabilities.
Key Developments in the Visual Impairment Products and Services Market
AbleNet Inc., acquired Tash international in July of 2021. This acquisition was aimed at developing one of the most holistic assistive technology suites in the overall visual impairment products and services market. Moreover, a company called ‘Eyedaptic’ launched a new and enhanced version of augmented reality eye wear solution called ‘Eye 3’. This product is designed to be used by patients suffering from low vision and age related macular degeneration. New and enhanced product offerings like these are anticipated to stimulate high growth in the visual impairment products and services market in coming years.
North America Dominates the Visual Impairment Products and Services Market
Key regions operational within the global visual impairment products and services market include Latin America, Europe, Middle East and Africa, North America, and Asia Pacific. North America visual impairment products and services market is the key dominant region in the global marketplace. The region witnesses high traction in the industry owing to the presence of matured as well as highly developed healthcare infrastructure in the region. Asia Pacific visual impairment products and services market is also expected to witness interesting growth opportunities in coming years owing to rising number of investments directed towards healthcare and medical infrastructure development as well as enhancement.
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