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
- 15.3 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
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