"Designing Growth Strategies is in our DNA"
Low vision devices help in improvement of the visually impaired population thus enabling academic and social adaptation. Growing prevalence of age-related macular degeneration and other impaired disorders has led to increased adoption of optical and non-optical aids in the management. Additionally, advancements in the electronic aids has led to growing awareness among the population about the products and has boosted the product demand. Also, owing to initiatives undertaken by companies and government to promote the importance of the low vision aids will help proliferate the market growth during the forecast period.
The major factor driving the global low vision aids market is the increasing prevalence of age-related macular degeneration, diabetes, and glaucoma is likely to boost the growth of the global market. Additionally, growing awareness among the population about the availability of the low vision aids is anticipated to proliferate the sales.
On the flip side, lack of adoption and reach of advanced solutions in the middle and low-income countries is likely to hamper the market growth during the forecast period.
Key Market Driver -
Increasing low vision prevalence to drive product sales
Key Market Restraint -
Lower adoption of the devices in the middle and low income countries
By type, the global low vision aids market is segmented into optical aids, non-optical aids, and electronic aids. Based on distribution channel, the market is classified as hospital pharmacies, retail pharmacies, optical stores, and online pharmacies.
From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
The major companies in the global low vision aids market report includes Vispero, Eschenbach Optik GmbH, Quantum, HumanWare Group, Wipac Ltd, VisionAid International, Esight, Aumed Group Corp., Enhanced Vision, and Others.
The global low vision aids market has been segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa. North America followed by Europe dominated the global market in 2019, owing to the increased sales of the products by companies for low vision management in the countries. Additionally, rising government investment to boost R&D is also the factor driving the market growth. Awareness among the population about available products in the market is the major factor leading to increased sales and demand of the low vision aids in the Asia Pacific countries. This along with growing mergers and acquisitions between industry players is likely to promote the sales of the products in countries like China, India, and other countries. Latin America is projected to register a comparatively higher CAGR by the end of the forecast period owing to greater adoption of products in the region. On the other hand, Middle East & Africa is likely to witness a slower growth due to lack of penetration of the advanced products.
To gain extensive insights into the market, Request for Customization
By Distribution Channel
“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”- One of the Leading Food Companies in Germany
“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”- Intuitive Surgical
“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”- Major Food Company in Japan
“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”- Ziering Medical
“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”- Major Manufacturer of Precision Machine Parts in India
“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”- Hewlett-Packard
“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”- Global Management Consulting Firm
“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”- UK-based Start-up in the Medical Devices Sector
“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”- One of the Largest Companies in the Defence Industry