Asia Pacific Visual Impairment Products and Services Market is expected to witness promising growth opportunities in the coming years | TMR Research Study
Visual impairment can be any kind of vision loss, whether it is the condition in which someone cannot see at all or someone has partial vision loss. When one or more parts of the eye or brain that are needed to process images become diseased or damaged, severe or total loss of vision can occur. In these cases, vision cannot be fully restored with medical treatment, surgery or corrective lenses like glasses or contacts. In such situations of visual impairment, assistive technologies for visual impairment can be used. This assistive technology for visual impairment can be assistive, adaptive, and rehabilitative devices for the people with disabilities.
North America Visual Impairment Products and Services Market – Notable Developments
Some of the key developments in the global visual impairment products and services market are noted below:
- In July 2021, AbleNet Inc., announced the acquisition of Tash International. With the Tash acquisition, AbleNet will offer one of the most comprehensive suites of assistive technology solutions available to the global disabilities market.
- In June 2021 Eyedaptic introduced Eye3, a new-and-improved version of its augmented reality eye wear designed for patients with age-related macular degeneration and low vision, here at Vision Expo East. The Eye3 comprises a high-resolution camera on lightweight eye wear that is operated via Bluetooth from a cell phone.
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North America Visual Impairment Products and Services Market – Drivers and Restraints
There are multiple factors that are responsible for the overall development of the global visual impairment products and services market. One of the key driving factors for the growth of the market has been growing prevalence of visual impairment and blindness across globe, particularly in the North America region. In addition to this, rising prevalence of eye disorders such as diabetic retinography, cataract, age-related macular degeneration, glaucoma, and refractive error among others are also helping to increase the demand for visual impairment products and services market.
However, there are some factors that are likely to have a slowing down effect on the overall development of the global visual impairment products and services market. One of the key restraining factor for the market has been the strict regulatory ecosystem. Highly concise regulatory guidelines regarding quality assessment of medical device regulation & approval in some countries leave slightly less room for innovation. This is also causing supply chain management issues across emerging economies and impeding the overall development of the global visual impairment products and services market.
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North America Visual Impairment Products and Services Market – Geographical Outlook
Based on the regional segmentation, the global visual impairment products and services market can be segmented into five key regions. These key regions are North America, Latin America, Asia Pacific, Europe, and the Middle East and Africa. Of these, currently, the global market is being led by the regional segment of North America. The growth of the regional segment can be attributed to the presence of a highly developed and matured healthcare infrastructure. In addition to this, presence of key players operating in the region has also helped the overall development of global visual impairment products and services Market in North America.
On the other hand, the regional segment of Asia Pacific is expected to witness promising growth opportunities in the coming years of the forecast period ranging from 2018 to 2028. The growth of the region can be attributed to the increasing investments directed towards the infrastructure development. In addition to this, more activities and funding for research and development activities are also likely to help the development of visual impairment products and services market in the Asia Pacific region.
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