Global Smart Contact Lens Market - Industry Trends and Forecast to 2029
- Published Date: 2022-12-31
- Report ID: 144121
- Pages: 225
-
Format:
Short Description
Global Smart Contact Lens Market, By Application (Eye Health Monitor, Diabetes/Continuous Glucose Monitoring/Glaucoma, Farsightedness, Cataracts, Intraocular Pressure Monitoring, Drug Delivery, Night Vision, Others (Telescopes, Photography, Blink/Solar Power, Archival Storage, Augmented Reality/Virtual Reality, Led Display)), Design (Fluorescence-Based Contact Lenses, Electrochemical Contact Lens Sensors, Light Diffractive Contact Lenses, Micro-Led Display Contact Lenses, Photodetector Contact Lenses, Drug Eluding Contact Lenses, Diagnostic Sensor Integrated Contact Lenses, Others) Material (Graphene, Carbon Nanotubes, Metal Nanowires, Metal Mesh-Structures, Conducting Polymers, Inorganic Magnetic Oxide Nanosheets, Peptide Modified Gold Nanobowls (AUNBS), Hydrogel Contact Lenses, Hybrid Contact Lense), End User (Clinics, Hospitals, Home Care Settings and Others) Distribution Channel (Clinics, Retail Stores, E-Commerce and Hospitals) Countries (U.S., Japan, Germany, U.K., Italy, Spain, Switzerland, Poland, Austria) Industry Trends & Forecast to 2029.
Market Definition:
The smart contact lens is a sandwich: a bubble of regular hard or soft contact lens surrounding a liquid crystal display, a tiny controller ASIC, or application-specific integrated circuit, a light sensor, an accelerometer and gyroscope, and a very thin solid-state lithium-ion battery.
The demand for the smart contact lens market has increased in both developed and developing countries. This is the increasing prevalence of eye disorders and product launches. The smart contact lens market is growing due to innovative products, increasing technological developments, and rising disposable income. The market will grow in the forecasted period due to the exploration of emerging markets, strategic initiatives by market players, and increasing healthcare expenditure.
Market Segmentation:
Global smart contact lens market is categorized into five notable segments which are design, material, application, distribution channel and end-user.
Based on material, the Global smart contact lens market is segmented into graphene, carbon nanotubes, metal nanowires, metal mesh structures, conducting polymers, inorganic magnetic oxide nanosheets, and peptide modified gold nanobowls (AUNBS), hydrogel contact lenses, hybrid contact lenses. In 2022, the hybrid contact lens segment is expected to dominate the global smart contact lens market due to an increase in demand for smart contact lenses
Based on the design, the Global smart contact lens market is segmented into fluorescence-based contact lenses, electrochemical contact lens sensors, light diffractive contact lenses, micro-led display contact lenses, photodetector contact lenses, and drug eluding contact lenses, diagnostic sensor integrated contact lenses, others. In 2022, drug eluding contact lenses is expected to dominate the global smart contact lens market with the increasingly advanced technology and rising strategic initiatives by major market players
Based on application, the Global smart contact lens market is segmented into eye health monitoring, diabetes/continuous glucose monitoring/glaucoma, farsightedness, cataracts, intraocular pressure monitoring, drug delivery, night vision, and others (telescopes, photography, blink/solar power, archival storage, augmented reality/virtual reality, led display). In 2022, diabetes/continuous glucose monitoring/glaucoma is expected to dominate the global smart contact lens market with the increasing prevalence of various eye disorders
Based on end-user, the Global smart contact lens market is segmented into clinics, hospitals, home care settings and others. In 2022, the hospital is expected to dominate the global smart contact lens market with the increasing patient population
Based on distribution channel, the Global smart contact lens market is segmented into clinics, retail stores, e-commerce and hospitals. In 2022, clinics are expected to dominate the global smart contact lens market with the increasing number of product launches
Market Players
The key market players operating in the Global smart contact lens market are listed below:
Mojo Vision Inv,
Innovega,
MediPrint,
OCUMEDIC, INC.,
InWith Corp,
Sony Corporation,
Samsung,
Sensimed AG,
Apple Inc.,
Microsoft,
RaayonNova LLC,
STMicroelectronics,
GlakoLens Biyomedikal Biyoteknoloji San. Ve Tic. A.S.
TABLE OF CONTENTS
1 INTRODUCTION 15
1.1 OBJECTIVES OF THE STUDY 15
1.2 MARKET DEFINITION 15
1.3 OVERVIEW OF GLOBAL SMART CONTACT LENS MARKET 15
1.4 LIMITATIONS 16
1.5 MARKETS COVERED 17
2 MARKET SEGMENTATION 19
2.1 MARKETS COVERED 19
2.2 GEOGRAPHICAL SCOPE 20
2.3 YEARS CONSIDERED FOR THE STUDY 21
2.4 CURRENCY AND PRICING 21
2.5 DBMR TRIPOD DATA VALIDATION MODEL 22
2.6 MULTIVARIATE MODELLING 25
2.7 DESIGN LIFELINE CURVE 25
2.8 PRIMARY INTERVIEWS WITH KEY OPINION LEADERS 26
2.9 DBMR MARKET POSITION GRID 27
2.10 MARKET APPLICATION COVERAGE GRID 28
2.11 SECONDARY SOURCES 29
2.12 ASSUMPTIONS 29
3 EXECUTIVE SUMMARY 30
4 PREMIUM INSIGHTS 33
4.1 PORTERS FIVE FORCES 34
4.2 PESTEL ANALYSIS 35
4.3 INDUSTRIAL INSIGHTS: 36
4.4 CONCLUSION: 36
5 GLOBAL SMART CONTACT LENS MARKET: REGULATIONS 37
6 MARKET OVERVIEW 40
6.1 DRIVERS 42
6.1.1 INCREASE IN PREVALENCE OF REFRACTIVE ERROR 42
6.1.2 RISING CASES OF DIABETIC RETINOPATHY 43
6.1.3 INCREASING R&D ACTIVITIES BY KEY MARKET PLAYERS FOR SMART CONTACT LENS 43
6.1.4 RISE IN THE PREVALENCE OF EYE DISORDER 44
6.2 RESTRAINTS 44
6.2.1 INCREASING SIDE EFFECTS ASSOCIATED WITH CONTACT LENSES 44
6.2.2 GROWING ACCEPTANCE OF REFRACTIVE SURGERIES 45
6.3 OPPORTUNITIES 45
6.3.1 TECHNOLOGICAL ADVANCEMENTS IN CONTACT LENSES 45
6.3.2 INCREASING PREFERENCE FOR CONTACT LENSES INSTEAD OF EYEGLASSES 46
6.4 CHALLENGES 46
6.4.1 SAFETY CONCERNS ASSOCIATED WITH THE USE OF CONTACT LENSES 46
6.4.2 STRICT REGULATIONS AND STANDARDS FOR APPROVAL OF CONTACT LENSES 47
7 GLOBAL SMART CONTACT LENS MARKET, BY DESIGN 48
7.1 OVERVIEW 49
7.2 MICROLED DISPLAY CONTACT LENS 52
7.3 DIAGNOSTIC SENSOR INTEGRATED CONTACT LENS 52
7.4 PHOTODETECTOR CONTACT LENSES 53
7.5 DRUG ELUDING CONTACT LENS 53
7.6 ELECTROCHEMICAL CONTACT LENS SENSORS 54
7.7 LIGHT DIFFRACTIVE CONTACT LENSES 54
7.8 FLUORESCENCE-BASED CONTACT LENSES 55
7.9 OTHERS 56
8 GLOBAL SMART CONTACT LENS MARKET, BY MATERIAL 57
8.1 OVERVIEW 58
8.2 GRAPHENE 61
8.3 HYDROGEL CONTACT LENSES 61
8.4 CONDUCTING POLYMERS 62
8.5 HYBRID CONTACT LENSES 62
8.6 METAL NANOWIRES 63
8.7 CARBON NANOTUBES 63
8.8 INORGANIC MAGNETIC OXIDE NANOSHEETS 64
8.9 METAL-MESH STRUCTURES 64
8.10 PEPTIDE MODIFIED GOLD NANOBOWL (AUNBS) 65
9 GLOBAL SMART CONTACT LENS MARKET, BY APPLICATION 66
9.1 OVERVIEW 67
9.2 DIABETES/CONTINUOUS GLUCOSE MONITORING/GLAUCOMA 70
9.3 INTRAOCULAR PRESSURE MONITORING 70
9.4 FARSIGHTEDNESS 71
9.5 EYE HEALTH MONITOR 72
9.6 CATARACTS 72
9.7 DRUG DELIVERY 73
9.8 NIGHT VISION 73
9.9 OTHERS 74
10 GLOBAL SMART CONTACT LENS MARKET, BY END USER 75
10.1 OVERVIEW 76
10.2 CLINICS 79
10.3 HOSPITALS 79
10.4 HOME CARE SETTINGS 80
10.5 OTHERS 80
11 GLOBAL SMART CONTACT LENS MARKET, BY DISTRIBUTION CHANNEL 81
11.1 OVERVIEW 82
11.2 CLINICS 85
11.3 RETAIL STORES 85
11.4 E-COMMERCE 86
11.5 HOSPITALS 87
12 GLOBAL SMART CONTACT LENS MARKET, BY REGION 88
12.1 OVERVIEW 89
12.2 NORTH AMERICA 94
12.2.1 U.S. 100
12.3 EUROPE 102
12.3.1 GERMANY 109
12.3.2 U.K. 111
12.3.3 ITALY 113
12.3.4 SPAIN 115
12.3.5 SWITZERLAND 117
12.3.6 POLAND 119
12.3.7 AUSTRIA 121
12.4 ASIA-PACIFIC 123
12.4.1 JAPAN 129
13 COMPANY PROFILE 131
13.1 SENSIMED AG 131
13.1.1 COMPANY SNAPSHOT 131
13.1.2 PRODUCT PORTFOLIO 131
13.1.3 RECENT DEVELOPMENT 131
13.1.3.1 PMDA APPROVAL 131
13.2 APPLE INC. 132
13.2.1 COMPANY SNAPSHOT 132
13.2.2 REVENUE ANALYSIS 132
13.2.3 PRODUCT IN PIPELINE 133
13.2.4 RECENT DEVELOPMENT 133
13.2.4.1 PRODUCT DEVELOPMENT 133
13.3 GLAKOLENS BIYOMEDIKAL BIYOTEKNOLOJI SAN. VE TIC. A.. 134
13.3.1 COMPANY SNAPSHOT 134
13.3.2 PRODUCT IN PIPELINE 134
13.3.3 RECENT DEVELOPMENT 134
13.3.3.1 PRODUCT LAUNCH 134
13.4 INNOVEGA INC., 135
13.4.1 COMPANY SNAPSHOT 135
13.4.2 PRODUCT IN PIPELINE 135
13.4.3 RECENT DEVELOPMENT 135
13.4.3.1 PATENT 135
13.5 INWITH CORP 136
13.5.1 COMPANY SNAPSHOT 136
13.5.2 PRODUCT IN PIPELINE 136
13.5.3 RECENT DEVELOPMENT 136
13.5.3.1 PATENT ANALYSIS 136
13.6 MEDIPRINT 137
13.6.1 COMPANY SNAPSHOT 137
13.6.2 PRODUCT IN PIPELINE 137
13.6.3 RECENT DEVELOPMENT 137
13.6.3.1 PATENT ANALYSIS 137
13.7 MICROSOFT 138
13.7.1 COMPANY SNAPSHOT 138
13.7.2 REVENUE ANALYSIS 138
13.7.3 PRODUCT IN PIPELINE 139
13.7.4 RECENT DEVELOPMENT 139
13.7.4.1 PRODUCT DEVELOPMENT 139
13.8 MOJO VISION INC., 140
13.8.1 COMPANY SNAPSHOT 140
13.8.2 PRODUCT PORTFOLIO 140
13.8.3 RECENT DEVELOPMENT 140
13.8.3.1 PARTNERSHIP 140
13.9 OCUMEDIC, INC., 141
13.9.1 COMPANY SNAPSHOT 141
13.9.2 PRODUCT IN PIPELINE 141
13.9.3 RECENT DEVELOPMENT 141
13.9.3.1 PARTNERSHIP 141
13.10 RAAYONNOVA LLC 142
13.10.1 COMPANY SNAPSHOT 142
13.10.2 PRODUCT IN PIPELINE 142
13.10.3 RECENT DEVELOPMENT 142
13.10.3.1 PATENT 142
13.11 SAMSUNG 143
13.11.1 COMPANY SNAPSHOT 143
13.11.2 REVENUE ANALYSIS 143
13.11.3 PRODUCT IN PIPELINE 144
13.11.4 RECENT DEVELOPMENT 144
13.11.4.1 PATENT GRANT 144
13.12 SONY CORPORATION 145
13.12.1 COMPANY SNAPSHOT 145
13.12.2 REVENUE ANALYSIS 145
13.12.3 PRODUCT IN PIPELINE 146
13.12.4 RECENT DEVELOPMENT 146
13.12.4.1 PRODUCT DEVELOPMENT 146
13.13 STMICROELECTRONICS 147
13.13.1 COMPANY SNAPSHOT 147
13.13.2 REVENUE ANALYSIS 147
13.13.3 PRODUCT IN PIPELINE 148
13.13.4 RECENT DEVELOPMENT 148
13.13.4.1 PARTNERSHIP 148
14 RELATED REPORTS 149
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