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Report
Global Smart Contact Lens Market - Industry Trends and Forecast to 2030
Market Report I 2023-04-01 I 207 Pages I Data Bridge Market Research
The global smart contact lens market is projected to register a substantial CAGR of 12.6% in the forecast period of 2023 to 2030. The new market report contains data for the historic year 2021, the base year of calculation is 2022, and the forecast period is 2023 to 2030.
Market Segmentation:
Global Smart Contact Lens Market, By Design (Micro-LED Display Contact Lens, Diagnostic Sensor Integrated Contact Lens, Photodetector Contact Lens, Drug Eluding Contact Lenses, Electrochemical Contact Lens Sensors, Light Diffractive Contact Lenses, Fluorescence-Based Contact Lenses, and Others) Material (Poly (2-Hydroxyethyl Methacrylate) (PHEMA), Polyvinyl Alcohol (PVA), Polyacrylamide (PA), Polyethylene Terephthalate (PET), Polydimethylsiloxane (PDMS), and Others), Application (Monitoring, Therapeutics, and Other Application), Usability (Single Use, Extended Use), Technology (Fluorescence-Based Sensing Technology, Holographic Sensing Technology, Colorimetric Based Sensing Technology, Electrochemical-Based Technologies, and Others), Population Type (Pediatric, Adult, and Geriatric), End User (Eye Hospital, Ophthalmology Clinics, Homecare Settings, and others), Distribution Channel (Retail stores, Online Stores, Eye Care Practitioners, and Others), Country (U.S., Germany, U.K., Italy, Spain, Switzerland, Poland, Austria, and Japan) Industry Trends and Forecast to 2030
Some of the major factors contributing to the growth of the global smart contact lens market are:
- Growing prevalence of eye disorders
- Increased consumer awareness for smart contact lens
Market Players:
Some of the key market players in the global smart contact lens market are listed below:
- Sensimed AG,
- GlakoLens Biyomedikal Biyoteknoloji San. ve Tic. A.S.
- Innovega Inc.
- InWith Corp
- SAMSUNG
- e-Vision Smart Optics, Inc.
- Mediprint
- RaayonNova
- Azalea Vision
TABLE OF CONTENTS
1 INTRODUCTION 21
1.1 OBJECTIVES OF THE STUDY 21
1.2 MARKET DEFINITION 21
1.3 OVERVIEW OF THE GLOBAL SMART CONTACT LENS MARKET 21
1.4 LIMITATIONS 23
1.5 MARKETS COVERED 23
2 MARKET SEGMENTATION 25
2.1 MARKETS COVERED 25
2.2 GEOGRAPHICAL SCOPE 26
2.3 YEARS CONSIDERED FOR THE STUDY 26
2.4 CURRENCY AND PRICING 26
2.5 DBMR TRIPOD DATA VALIDATION MODEL 27
2.6 MULTIVARIATE MODELLING 30
2.7 DESIGN LIFELINE CURVE 30
2.8 PRIMARY INTERVIEWS WITH KEY OPINION LEADERS 31
2.9 DBMR MARKET POSITION GRID 32
2.10 MARKET APPLICATION COVERAGE GRID 33
2.11 SECONDARY SOURCES 34
2.12 ASSUMPTIONS 34
3 EXECUTIVE SUMMARY 35
4 PREMIUM INSIGHTS 39
4.1 PORTER'S FIVE FORCES 41
4.2 PESTEL ANALYSIS 42
4.3 LIST OF TERMINATED/PAUSED PIPELINE PROJECTS 43
4.4 PATENT ANALYSIS 44
4.5 PIPELINE ANALYSIS FOR THE GLOBAL SMART CONTACT LENS MARKET 46
4.6 INDUSTRY INSIGHT 47
5 GLOBAL SMART CONTACT LENS MARKET: REGULATIONS 48
6 MARKET OVERVIEW 51
6.1 DRIVERS 53
6.1.1 INCREASE IN PREVALENCE OF REFRACTIVE ERROR 53
6.1.2 RISING CASES OF DIABETIC RETINOPATHY 54
6.1.3 INCREASING R&D ACTIVITIES BY KEY MARKET PLAYERS FOR SMART CONTACT LENS 54
6.1.4 RISE IN THE PREVALENCE OF EYE DISORDER 55
6.2 RESTRAINTS 55
6.2.1 INCREASING SIDE EFFECTS ASSOCIATED WITH CONTACT LENSES 55
6.2.2 GROWING ACCEPTANCE OF REFRACTIVE SURGERIES 56
6.3 OPPORTUNITIES 56
6.3.1 TECHNOLOGICAL ADVANCEMENTS IN CONTACT LENSES 56
6.3.2 INCREASING PREFERENCE FOR CONTACT LENSES INSTEAD OF EYEGLASSES 57
6.4 CHALLENGES 57
6.4.1 SAFETY CONCERNS ASSOCIATED WITH THE USE OF CONTACT LENSES 57
6.4.2 STRICT REGULATIONS AND STANDARDS FOR APPROVAL OF CONTACT LENSES 58
7 GLOBAL SMART CONTACT LENS MARKET, BY DESIGN 59
7.1 OVERVIEW 60
7.2 MICRO LED DISPLAY CONTACT LENS 63
7.3 DIAGNOSTIC SENSOR INTEGRATED CONTACT LENS 63
7.4 PHOTODETECTOR CONTACT LENSES 64
7.5 DRUG ELUDING CONTACT LENSES 64
7.6 ELECTROCHEMICAL CONTACT LENS SENSORS 65
7.7 LIGHT DIFFRACTIVE CONTACT LENSES 65
7.8 FLUORESCENCE-BASED CONTACT LENSES 66
7.9 OTHERS 66
8 GLOBAL SMART CONTACT LENS MARKET, BY MATERIAL 67
8.1 OVERVIEW 68
8.2 POLY (2-HYDROXYETHYL METHACRYLATE) (PHEMA) 71
8.3 POLYVINYL ALCOHOL (PVA) 71
8.4 POLYACRYLAMIDE (PA) 72
8.5 POLYETHYLENE TEREPHTHALATE (PET) 72
8.6 POLYDIMETHYLSILOXANE (PDMS) 73
8.7 OTHER 74
9 GLOBAL SMART CONTACT LENS MARKET, BY APPLICATION 75
9.1 OVERVIEW 76
9.2 MONITORING 79
9.2.1 EYE PRESSURE MONITORING 79
9.2.2 GLUCOSE LEVELS MONITORING 79
9.3 THERAPEUTICS 80
9.3.1 ALLERGY RELIEF 80
9.3.2 CORNEAL INJURY 81
9.3.3 EYE INJURIES 81
9.3.4 OTHER 81
9.4 OTHER APPLICATION 81
9.4.1 FARSIGHTEDNESS 82
9.4.2 AUGMENTED REALITY (AR/VR) 82
9.4.3 NIGHT VISION 82
9.4.4 OTHERS 82
10 GLOBAL SMART CONTACT LENS MARKET, BY USABILITY 83
10.1 OVERVIEW 84
10.2 SINGLE USE 87
10.3 EXTENDED USE 88
11 GLOBAL SMART CONTACT LENS MARKET, BY TECHNOLOGY 89
11.1 OVERVIEW 90
11.2 FLUORESCENCE-BASED SENSING TECHNOLOGY 93
11.3 HOLOGRAPHIC SENSING TECHNOLOGY 94
11.4 COLORIMETRIC BASED SENSING TECHNOLOGY 95
11.5 ELECTROCHEMICAL-BASED TECHNOLOGIES 96
11.6 OTHER 97
12 GLOBAL SMART CONTACT LENS MARKET, BY POPULATION 98
12.1 OVERVIEW 99
12.2 GERIATRIC 102
12.3 ADULT 103
12.4 PEDIATRIC 104
13 GLOBAL SMART CONTACT LENS MARKET, BY END USER 105
13.1 OVERVIEW 106
13.2 EYE HOSPITAL 109
13.3 OPHTHALMOLOGY CLINICS 110
13.4 HOMECARE SETTING 111
13.5 OTHERS 112
14 GLOBAL SMART CONTACT LENS MARKET, BY DISTRIBUTION CHANNEL 113
14.1 OVERVIEW 114
14.2 RETAIL STORES 117
14.2.1 PHARMACIES 117
14.2.2 INDEPENDENT BRAND SHOWROOMS 118
14.2.3 OTHERS 118
14.3 ONLINE STORES 118
14.3.1 E-COMMERCE WEBSITES 119
14.3.2 COMPANY-OWNED WEBSITES 119
14.4 EYE CARE PRACTITIONERS 119
14.5 OTHERS 120
15 GLOBAL SMART CONTACT LENS MARKET, BY REGION 121
15.1 OVERVIEW 122
15.2 NORTH AMERICA 128
15.2.1 U.S 137
15.3 EUROPE 141
15.3.1 GERMANY 151
15.3.2 U.K. 155
15.3.3 ITALY 159
15.3.4 SPAIN 163
15.3.5 SWITZERLAND 167
15.3.6 POLAND 171
15.3.7 AUSTRIA 175
15.4 ASIA-PACIFIC 179
15.4.1 JAPAN 188
16 SWOT ANALYSIS 192
17 COMPANY PROFILE 193
17.1 SENSIMED AG 193
17.1.1 COMPANY SNAPSHOT 193
17.1.2 PRODUCT PORTFOLIO 193
17.1.3 RECENT DEVELOPMENT 193
17.2 AZALEA VISION 194
17.2.1 COMPANY SNAPSHOT 194
17.2.2 PRODUCT PORTFOLIO 194
17.2.3 RECENT DEVELOPMENTS 194
17.3 E-VISION SMART OPTICS, INC. 195
17.3.1 COMPANY SNAPSHOT 195
17.3.2 PRODUCT PORTFOLIO 195
17.3.3 RECENT DEVELOPMENT 195
17.4 GLAKOLENS BIYOMEDIKAL BIYOTEKNOLOJI SAN. VE TIC. A.S. 196
17.4.1 COMPANY SNAPSHOT 196
17.4.2 PIPELINE PORTFOLIO 196
17.4.3 RECENT DEVELOPMENTS 196
17.5 INNOVEGA INC. 197
17.5.1 COMPANY SNAPSHOT 197
17.5.2 PIPELINE PORTFOLIO 197
17.5.3 RECENT DEVELOPMENTS 197
17.6 INWITH CORP 198
17.6.1 COMPANY SNAPSHOT 198
17.6.2 PIPELINE PORTFOLIO 198
17.6.3 RECENT DEVELOPMENT 198
17.7 MEDIPRINT 199
17.7.1 COMPANY SNAPSHOT 199
17.7.2 PRODUCT PORTFOLIO 199
17.7.3 RECENT DEVELOPMENTS 199
17.8 RAAYONNOVA 200
17.8.1 COMPANY SNAPSHOT 200
17.8.2 PRODUCT PORTFOLIO 200
17.8.3 RECENT DEVELOPMENTS 200
17.9 SAMSUNG 201
17.9.1 COMPANY SNAPSHOT 201
17.9.2 REVENUE ANALYSIS 201
17.9.3 PRODUCT PORTFOLIO 202
17.9.4 RECENT DEVELOPMENT 202
18 QUESTIONNAIRE 203
19 RELATED REPORTS 207
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