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Industry Landscape
The assistive technology industry for the blind and low vision community is characterized by continuous innovation, driven by advancements in hardware and software. It's a niche but essential market, with a growing demand for integrated solutions that offer mainstream compatibility. Key players focus on providing comprehensive support alongside devices, addressing the needs of individuals, educational institutions, and rehabilitation centers. High costs remain a barrier, but the sector is expanding globally.
Total Assets Under Management (AUM)
Number of visually impaired individuals in United States
~Approximately 7.2 million (2020 estimate for visually impaired over 18, National Eye Institute)
(Increasing CAGR)
• Aging population is a primary driver.
• Increasing prevalence of age-related eye diseases.
• Improved diagnostics and reporting contribute to higher counts.
Total Addressable Market
5.3 billion USD
Market Growth Stage
Pace of Market Growth
Emerging Technologies
AI-powered Computer Vision
Advancements in AI and computer vision enable real-time object recognition, navigation assistance, and text-to-speech conversion from complex visual environments, enhancing independence for the visually impaired.
Haptic Feedback and Wearable Tech
Integration of advanced haptic feedback with smart wearables provides intuitive, non-visual information delivery, allowing for discreet and seamless interaction with digital content and the physical world.
Personalized Adaptive Learning Platforms
AI-driven platforms that adapt educational content and delivery methods based on an individual's learning style, progress, and specific visual impairment, optimizing learning outcomes.
Impactful Policy Frameworks
Americans with Disabilities Act (ADA) Accessibility Standards (2022 Update)
The ADA continues to mandate accessibility in public and private sectors, with ongoing updates clarifying requirements for digital accessibility and assistive technology integration.
This policy drives demand for accessible products and services, compelling SELVAS BLV to ensure their offerings meet evolving compliance standards.
Individuals with Disabilities Education Act (IDEA) Reauthorization (Ongoing)
IDEA ensures that children with disabilities receive a free appropriate public education (FAPE), including the provision of necessary assistive technology devices and services.
IDEA directly supports the market for SELVAS BLV by funding the procurement of their products for visually impaired students in educational settings.
21st Century Communications and Video Accessibility Act (CVAA) (2010)
The CVAA requires advanced communications services and products to be accessible to people with disabilities, and video programming to be captioned, audibly described, and otherwise made accessible.
This regulation creates a need for compatible assistive devices like those from SELVAS BLV that can effectively interface with and access modern communication and video platforms.
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