Market Overview:
The Global Video Magnifiers Market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The market growth is attributed to the increasing demand for handheld and desktop video magnifiers due to their benefits such as magnification, color contrast, and image clarity. Additionally, the increasing prevalence of vision impairment and blindness is also propelling the growth of this market. Based on type, the handheld video magnifier segment accounted for a larger share of the global market in 2017. This segment is expected to grow at a higher CAGR during the forecast period owing to its advantages such as portability and easy maneuverability.
Product Definition:
A video magnifier is a device that enlarges text or images on a computer screen or other display. They are often used by people with low vision to make reading and other tasks easier.
Handheld Video Magnifier:
Handheld video magnifiers are used by people with visual impairment to enhance their vision. They work on the principle of refection and are commonly known as reflectors or mirrors. These devices comprise of a light source, lens, and a handle for carrying it all together. The light source can be an LED or a small battery-powered lamp while the lens can be made out of plastic, glass or fiber optics depending upon the model.
Desktop Video Magnifier:
The desktop video magnifier is a tool that enables users to enlarge objects or images in their vicinity. It can be used by people with vision impairment or any other physical disability. The device has an adjustable arm that can be moved in any direction, which provides the user with ease of access to the object being viewed.
It also helps users to reach objects situated at a distance from them and read small print easily without strain on eyes, thus improving their overall vision acuity.
Application Insights:
The commercial application segment dominated the global video magnifiers market in 2017, accounting for more than 60.0% share of the total revenue. The growth can be attributed to an increase in demand for superior visual aids by the visually impaired people working on construction sites, at sea and in forests, among others. Furthermore, rising adoption of these devices by individuals suffering from macular degeneration is expected to drive demand over the forecast period.
The personal use segment is projected to witness significant growth over the forecast period owing to increasing usage of handheld video magnifiers and smart glasses-based video magnification solutions among individuals with vision impairment problems at home or work places including reading rooms and libraries.
Regional Analysis:
North America dominated the global video magnifiers market in 2017. The growth can be attributed to increasing demand for advanced medical devices, rising number of conferences and trade shows, and growing adoption of digital technologies in the region. In addition, increasing use of smartphones, tablets, laptops coupled with high availability of high-speed internet services is expected to drive demand for Global Video Magnifiers Market over the forecast period.
Asia Pacific is anticipated to witness lucrative growth over the forecast period owing to an increase in disposable income levels and growing population especially in China & India which are majorly driving markets such as healthcare equipment industry & mobile phones industry respectively thereby creating opportunities for Global Video Magnifiers Market during the forecast period.
Growth Factors:
- Increasing demand from geriatric population: The global geriatric population is expected to grow at a CAGR of 6.5% during the forecast period, owing to the increase in life expectancy and growing awareness about health and fitness among people across the world. This is expected to drive the demand for video magnifiers, as they help improve the quality of life for elderly people by enhancing their visual capabilities.
- Rising prevalence of vision impairment: According to World Health Organization (WHO), there are around 285 million visually impaired people in the world, out of which 39 million are blind and 246 million have low vision. This presents a major opportunity for growth of the video magnifiers market, as these devices can help improve visual abilities in such individuals.
- Technological advancements: The development of new technologies has led to introduction of advanced video magnifiers that offer better features and performance than traditional devices. This is likely to fuel growth prospects for this market over the next few years.
Scope Of The Report
Report Attributes
Report Details
Report Title
Video Magnifiers Market Research Report
By Type
Handheld Video Magnifier, Desktop Video Magnifier
By Application
Personal Use, Commercial
By Companies
Optelec, Zoomax, HIMS Inc., China Qualir, VisionAid Technologies, Eschenbach, Enhanced Vision, Optelec
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
167
Number of Tables & Figures
117
Customization Available
Yes, the report can be customized as per your need.
Global Video Magnifiers Market Report Segments:
The global Video Magnifiers market is segmented on the basis of:
Types
Handheld Video Magnifier, Desktop Video Magnifier
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Personal Use, Commercial
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Optelec
- Zoomax
- HIMS Inc.
- China Qualir
- VisionAid Technologies
- Eschenbach
- Enhanced Vision
- Optelec
Highlights of The Video Magnifiers Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Handheld Video Magnifier
- Desktop Video Magnifier
- By Application:
- Personal Use
- Commercial
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Video Magnifiers Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Video magnifiers are devices that enlarge the size of a video image. They can be used to view documents or images that are too small to see clearly on a regular screen.
Some of the key players operating in the video magnifiers market are Optelec, Zoomax, HIMS Inc., China Qualir, VisionAid Technologies, Eschenbach, Enhanced Vision, Optelec.
The video magnifiers market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Video Magnifiers Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Video Magnifiers Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Video Magnifiers Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Video Magnifiers Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Video Magnifiers Market Size & Forecast, 2018-2028
4.5.1 Video Magnifiers Market Size and Y-o-Y Growth
4.5.2 Video Magnifiers Market Absolute $ Opportunity
Chapter 5 Global Video Magnifiers Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Video Magnifiers Market Size Forecast by Type
5.2.1 Handheld Video Magnifier
5.2.2 Desktop Video Magnifier
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Video Magnifiers Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Video Magnifiers Market Size Forecast by Applications
6.2.1 Personal Use
6.2.2 Commercial
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Video Magnifiers Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Video Magnifiers Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Video Magnifiers Analysis and Forecast
9.1 Introduction
9.2 North America Video Magnifiers Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Video Magnifiers Market Size Forecast by Type
9.6.1 Handheld Video Magnifier
9.6.2 Desktop Video Magnifier
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Video Magnifiers Market Size Forecast by Applications
9.10.1 Personal Use
9.10.2 Commercial
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Video Magnifiers Analysis and Forecast
10.1 Introduction
10.2 Europe Video Magnifiers Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Video Magnifiers Market Size Forecast by Type
10.6.1 Handheld Video Magnifier
10.6.2 Desktop Video Magnifier
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Video Magnifiers Market Size Forecast by Applications
10.10.1 Personal Use
10.10.2 Commercial
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Video Magnifiers Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Video Magnifiers Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Video Magnifiers Market Size Forecast by Type
11.6.1 Handheld Video Magnifier
11.6.2 Desktop Video Magnifier
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Video Magnifiers Market Size Forecast by Applications
11.10.1 Personal Use
11.10.2 Commercial
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Video Magnifiers Analysis and Forecast
12.1 Introduction
12.2 Latin America Video Magnifiers Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Video Magnifiers Market Size Forecast by Type
12.6.1 Handheld Video Magnifier
12.6.2 Desktop Video Magnifier
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Video Magnifiers Market Size Forecast by Applications
12.10.1 Personal Use
12.10.2 Commercial
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Video Magnifiers Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Video Magnifiers Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Video Magnifiers Market Size Forecast by Type
13.6.1 Handheld Video Magnifier
13.6.2 Desktop Video Magnifier
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Video Magnifiers Market Size Forecast by Applications
13.10.1 Personal Use
13.10.2 Commercial
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Video Magnifiers Market: Competitive Dashboard
14.2 Global Video Magnifiers Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Optelec
14.3.2 Zoomax
14.3.3 HIMS Inc.
14.3.4 China Qualir
14.3.5 VisionAid Technologies
14.3.6 Eschenbach
14.3.7 Enhanced Vision
14.3.8 Optelec
