QY Research announced the addition of a new publication to its repository. The report titled, “Global Low Vision Aids Market Insights, Forecast to 2025”, studies the several factors that are expected to impact the overall market in the near future. The report has also discussed the market share, future trends and developments, key market drivers, opportunities, and restraints. This research report includes statistical data, which is examined by our market experts to provide a crystal clear view of the market over the forecast period.
The analysts predict that the global low vision aids market is likely to reach US$620.36 mn by 2025 from US$401.05 mn in 2018. The market will register a CAGR of 6.38% during the anticipated period.
Global Low Vision Aids Market: Drivers
The global low vision aids market will be driven by the rising occurrences of the low vision condition. Growing focus of the companies on the development of the advanced devices will boost the growth of the market in the coming years. Increasing prevalence of chronic diseases such as diabetes is the main cause of low vision among people. The growing elderly population is also estimated to be the driving factor of the global low vision aids market during the forecast period. In addition, technological advancements and the development of easy to use devices for vision correction are expected to augment the growth of the market in the near future.
Global Low Vision Aids Market: Segmentation
The global low vision aids market is segmented into the sales channel and product type. In terms of sales channel, the market is segmented into online pharmacies, hospital pharmacies, retail pharmacies, and optical stores. The product type includes electronic aids, optical aids, and non-optical aids. The optical aids segment is likely to dominate the low vision aids market due to its easy use feature, which makes it conveniently portable.
Global Low Vision Aids Market: Geographical Outlook
North America is expected to dominate the low vision aids market due to technological advancements, awareness among people, and better healthcare infrastructure. Europe is also likely to grow as the governments focus on the reduction of healthcare expenses. Increasing geriatric population and ever-growing patient pool will drive the growth of the low vision aids market in Asia Pacific region.
Global Low Vision Aids Market: Top Players
The major players that are operating in the global low vision aids market are Quantum, Rejoin Technology Co., Ltd., HumanWare, Aumed Group Corp., Vispero, Eschenbach Optik GmbH, and Esight.
Global Low Vision Aids Market: Competitive Landscape
In June 2019, Richard Tapping, Vice President of Vispero demonstrated a low vision technology, which is available on Fox 21 News in Colorado. He also demonstrated some of the low vision solutions for those living with low vision problems.
Full Report Overview@ https://www.qyresearch.com/index/detail/688812/global-low-vision-aids-market