Global Low Vision Aids Market, By Type (Optical Aids, Non-Optical Aids, Electronic Aids), Distribution Channel (Hospital Pharmacies, Retail Pharmacies, Optical Stores, Online Pharmacies), Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia- Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2027
In the forecast period from 2020 to 2027, the market for low vision aids is expected to achieve market growth. Data Bridge Market Analysis analyses the market for growth in the above forecast timeframe at a CAGR of 7.0%. The growing awareness among patients of the benefits of vision testing products, which will further generate different opportunities for market growth.
Low vision is a term used to characterise the condition of visual impairment that cannot be healed with the aid of contact lenses, glasses, medications, and eye surgery, and individuals with low vision are not able to perform the task adequately on a regular basis. Different eye disorders and illnesses, such as glaucoma, macular degeneration, cataracts, stroke, diabetic retinopathy, and retinitis pigmentosa, typically cause this disorder. They are used to assist individuals in carrying out everyday activities.
Surging volume of patients suffering from low vision conditions, Increasing occurrences of lifestyle diseases such as diabetes, growing prevalence of geriatric population across the globe, rising need of the advanced treatment methods are some of the major as well as vital factors which will likely to boost the growth of the low vision aids market in the projected timeframe of 2020-2027. On the other hand, increasing number of research activities for the development of advanced devices along with prevalence of well-established and improved healthcare infrastructure which will further contribute by generating numerous opportunities that will led to the growth of the low vision aids market in the above mentioned forecast period.
Limited field of vision along with difficult to perform tasks under the magnifier are some of the restraint factors for the growth of the low vision aids market in the above mentioned projected timeframe. Growing number of difficulty to work with some surface which will become the biggest and foremost challenge for the growth of the market.
This low vision aids market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on low vision aids market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Low Vision Aids Market Scope and Market Size
Low vision aids market is segmented on the basis of type, distribution channel. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- Based on type, the low vision aids market is segmented into optical aids, non-optical aids, and electronic aids.
- Low vision aids market has also been segmented based on the distribution channel into hospital pharmacies, retail pharmacies, optical stores, and online pharmacies.
Global Low Vision Aids Market Country Level Analysis
Low vision aids market is analysed and market size insights and trends are provided by country, type, distribution channel as referenced above.
The countries covered in the low vision aids market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the low vision aids market due to the increasing health awareness among the people along with prevalence of well-established infrastructure, while Asia-Pacific is expected to grow at the highest growth rate in the forecast period of 2020 to 2027 due to the growing prevalence of geriatric population along with rising number of high patient population in the region.
The country section of the low vision aids market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure growth Installed base and New Technology Penetration
Low vision aids market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment’s, installed base of different kind of products for low vision aids market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the low vision aids market. The data is available for historic period 2010 to 2018.
Competitive Landscape and Low Vision Aids Market Share Analysis
Low vision aids market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to low vision aids market.
The major players covered in the low vision aids market report are Eschenbach Optik; Enhanced Vision; Freedom Scientific Inc.; VisionAid International Ltd; Jaggi Brothers; HumanWare Group; Wipac Ltd.; Emerald Coast Vision Aids.; Zoomax Technology Co., Limited; Quantum.; Vispero group of companies; BY COIL; LS&S, LLC.; Maxi-Aids, Inc.; Prkamya Visions.; LVI Low Vision International; Carl Zeiss AG; Reinecker Vision GmbH; Designs for Vision, Inc.; Ocutech Inc.; among other domestic and global players. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available : Global Low Vision Aids Market
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