Desktop Video Magnifier Market Report Overview
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The global desktop video magnifier market size is expanded rapidly in 2022 and market is expected to generate substantial revenue by 2031, exhibiting a high compound annual growth rate (CAGR) from 2022 to 2031.
For those with low vision, an electronic video magnifier is a tool that enlarges text or images on a display screen. Because they enable persons with limited vision to read, write, and see objects more clearly, electronic video magnifiers are crucial. With the help of a video magnifier, persons with low vision can read and watch pictures once again by making the most of their residual eyesight. A video magnifier might be useful if you need magnification or contrast. To make writing simpler to read, an electronic magnifier called a "video magnifier" employs a camera and a screen. It will be simpler to read because the camera image will be amplified and the contrast can be raised.
A desktop video magnifier is one that is typically utilized in a single fixed area, such the living room. You can read a newspaper, engage in hobbies, or write a note on their built-in reading table. A range of desktop video magnifiers are available from Optelec. A display, camera quality (High Definition or Standard Definition), and basic or sophisticated functionality are all options. There is always a desktop video magnifier available that fits your needs and budget.
COVID-19 Impact: Resilient Supply Chain due to Lockdowns to Hinder Market Growth
The COVID-19 pandemic is anticipated to bring about long-lasting changes in the manufacturing sector. The creation of a resilient supply chain will probably take precedence for manufacturers in order to reduce the likelihood of disruption from future calamities. For the purpose of maintaining their production levels while lowering danger to their personnel, manufacturers may also boost their spending on IT infrastructure and automation technology. This might help companies who make such devices.
The COVID-19 outbreak has had a significant impact on the manufacturing sector, and manufacturers of industrial machinery are not an exception. Many have seen significant disruptions in their manufacturing and supply chains, and many of their customers are also experiencing problems with their operations. The crisis has put tremendous strain on global supply systems, which has made it more challenging to source supplies.
Latest Trends
"Rise In Life Expectancy and Increased Global Awareness to Enhance Market Growth"
Due to the rise in life expectancy and increased global awareness of health and fitness, the global geriatric population is projected to increase at a CAGR of 6.5% over the forecast period. Electronic video magnifiers assist seniors live better lives by boosting their visual capacities, therefore this is predicted to drive the market for them. Rapid technical progress is being seen in the electronic video magnifier market, with new devices being introduced every year that offer superior features and performance than their forerunners. As consumers learn more about these items and their advantages over more conventional approaches like reading glasses or publications with huge print, the industry is growing as a result.
Desktop Video Magnifier Market Segmentation
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- By Type Analysis
According to type, the market can be segmented into 19-Inch Monitor, 24-Inch Monitor and Others.
In terms of product, 19-Inch Monitor is the largest segment.
- By Application Analysis
Based on application, the market can be divided into commercial and household.
In terms of application, commercial is the largest segment.
Driving Factors
"Commercial Applications to Provide More Growth Opportunities"
The market sector for commercial applications had the biggest desktop video magnifier market share. The expansion can be ascribed to the growing acceptance of E-V Magnifiers for the magnification of printed materials and posters by hospitals, corporate offices, retail stores, and other commercial locations. Demand is additionally anticipated to increase throughout the projected period as people increasingly want to hold meetings or conferences in spaces with large screen displays. The personal use application segment is expected to experience significant growth over the forecast period, in part because of increased awareness of vision impairment among people 50 years of age and older, as well as children younger than this age group, across various regions, which may limit these people's ability to learn effectively in school or college if they are blind due to these people's inability to see properly.
"Rising Incidence of Myopia or Hyperopia-Related Vision Impairment to Augment Market Growth"
A video magnifier is a tool that uses light focus to expand objects. To use it, activate it while holding the device in front of the original source. The control panel's control buttons can be quickly pressed to change the magnification factor. Some versions also allow you to record videos, which may then be replayed at a later time by hitting the play button. Over the course of the forecast period, the electronic video magnifiers market and the global desktop video magnifier are both anticipated to have considerable expansion. One of the main factors influencing demand for these devices is the rising incidence of myopia or hyperopia-related vision impairment issues among people. Presbyopia, which makes it difficult to see small type on screens or pages, also greatly raises the adoption rate.
Restraining Factors
"Lesser Field of View Than a CCTV to Impede Market Expansion"
They cost more than the majority of optical tools, such as loupes, strong magnifying reading glasses, and magnifiers. The fact that they have a lesser field of view than a CCTV, but having a bigger field of view than the majority of magnifiers, might still be annoying for some people. It can be uncomfortable to hold a brand that must be held in the hand rather than one that can rest flat on the page. Some brands have a stand that swings out when you want it to rest on the page, as well as a handle that swings out when you want to hold it. Swing-out stands can occasionally be a little fragile,
Desktop Video Magnifier Market Regional Insights
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"North America to Dominate the Market Due to Expanding Popularity of Video Magnifying"
Due to the rising prevalence of vision impairment, the rise in patients with retinal vein occlusion (RVO) and diabetic retinopathy, and the expanding popularity of video magnifying equipment for personal use, North America dominated the market and contributed to the desktop video magnifier market growth. Over 11 million Americans, according to data from the National Eye Institute (NIH), experience visual loss as a result of age-related macular degeneration (AMD). During the forecast period, this is anticipated to fuel demand for electronic video magnifiers in North America.
Key Industry Players
"Key Players Focus on Partnerships to Gain a Competitive Advantage "
Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.
List of Market Players Profiled
- Eschenbach (Germay)
- HIMS Inc (U.S.)
- Optelec Ltd (U.S.)
- Enhanced Vision (U.S.)
- Zoomax (U.S.)
- Shenzhen Mustech Electronics (China)
Report Coverage
This research profiles a report with extensive studies that take into description the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, restraints, etc. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.
Frequently Asked Questions
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What was the impact of COVID-19 on the desktop video magnifier market?
Resilient supply chain due to lockdowns to hinder desktop video magnifier market growth.
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What is the leading region in the desktop video magnifier market?
North America dominated the global desktop video magnifier market.
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Which are the driving factors of the desktop video magnifier market?
Commercial applications and rising incidence of myopia or hyperopia-related vision impairment are the driving factors of the desktop video magnifier market.
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Which are the top companies operating in the desktop video magnifier market?
Vision Engineering, Eschenbach Optik, Humanware, Freedom Scientific, Dazor Lighting Technology, Koolertron, TrySight, Enhanced Vision, Mustech Electronics, PeplerOptics, Grainger, Nanopac, Eyoyo, ClearClick, Optelec, Zoomax, VisionAid Technologies, Enhanced Vision are the top companies operating in the desktop video magnifier market.