Based on design, the smart contact lens market is segmented into microLED display contact lens, diagnostic sensor integrated contact lens, photodetector contact lenses, drug eluding contact lenses, electrochemical contact lens sensors, light diffractive contact lenses, fluorescence-based contact lenses and others.Smart contact lens market are an advanced optics technology designed to enhance human possibilities. Smart contact lens market is expected to grow in the forecast period of 2022 to 2029. Data Bridge Market Research analyses that the market is growing with a CAGR of 12.2% in the forecast period of 2022 to 2029. The increase in healthcare expenditure and funding are the major drivers which propelled the demand of the market in the forecast period.
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Market Analysis and Insights
However, side effects associated with smart contact lens market may hamper the future growth of the smart contact lens market. Adoption of strategic alliances like partnerships and acquisitions by key market players is an opportunity for the growth of the smart contact lens market.
• Smart Contact Lens Market,
• By Design (MicroLED Display Contact Lens, Diagnostic Sensor Integrated Contact Lens, Photodetector Contact Lenses, Drug Eluding Contact Lenses, Electrochemical Contact Lens Sensors, Light Diffractive Contact Lenses, Fluorescence-Based Contact Lenses, Others),
• Material (Graphene, Hydrogel Contact Lenses, Conducting Polymers, Hybrid Contact Lenses, Metal Nanowires, Carbon Nanotubes, Inorganic Magnetic Oxide Nanosheets, Metal MESH-Structures, Peptide Modified Gold Nanobowls (AUNBS)),
• Application (Diabetes/Continuous Glucose Monitoring/Glaucoma, Intraocular Pressure Monitoring, Farsightedness, Eye Health Monitor, Cataracts, Drug Delivery, Night Vision, Others),
• Distribution Channel (Clinics, Retail Stores, E-Commerce, Hospitals),
• End User (Clinics, Hospitals, Home Care Settings, Others)- Industry Trends and Forecast to 2029
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Smart Contact Lens Market Scope
The growth among segments helps you analyze niche pockets of development and strategies to approach the market and determine your core application areas and the difference in your target markets.
Design
• MicroLED Display Contact Lens
• Diagnostic Sensor Integrated Contact Lens
• Photodetector Contact Lenses
• Drug Eluding Contact Lenses
• Electrochemical Contact Lens Sensors
• Light Diffractive Contact Lenses
• Fluorescence-Based Contact Lenses
• Others
Material
• Graphene
• Hydrogel Contact Lenses
• Conducting Polymers
• Hybrid Contact Lenses
• Metal Nanowires
• Carbon Nanotubes
• Inorganic Magnetic Oxide Nanosheets
• Metal MESH-Structures
• Peptide Modified Gold Nanobowls (AUNBS)
Based on material, the smart contact lens market is segmented into graphene, hydrogel contact lenses, conducting polymers, hybrid contact lenses, metal nanowires, carbon nanotubes, and inorganic magnetic oxide nanosheets, metal MESH-structures, peptide modified gold nanobowls (AUNBS).
Application
• Diabetes/Continuous Glucose Monitoring/Glaucoma
• Intraocular Pressure Monitoring
• Farsightedness
• Eye Health Monitor
• Cataracts
• Drug Delivery
• Night Vision
• Others
Based on application, the smart contact lens market is segmented into diabetes/continuous glucose monitoring/glaucoma, intraocular pressure monitoring, farsightedness, eye health monitor, cataracts, drug delivery, night vision, others
Distribution Channel
• Clinics
• Retail Stores
• E-Commerce
• Hospitals
Based on distribution channel, the smart contact lens market is segmented into clinics, retail stores, e-commerce and hospitals.
End User
• Clinics
• Hospitals
• Home Care Settings
• Others
Smart Contact Lens Market Country Level Analysis
The country section of the report also provides individual market impacting factors and changes in regulations in the market that impact the current and future trends of the market. Data points, such as new and replacement sales, country demographics, disease epidemiology, and import-export tariffs, are some of the major pointers used to forecast the market scenario for individual countries. In addition, the presence and availability of Asia-Pacific brands and their challenges faced due to high competition from local and domestic brands and the impact of sales channels are considered while providing forecast analysis of the country data.China is expected to dominate the Smart Contact Lens Market during the forecast period due to the growing market of meat alternatives across the globe.The countries covered in the Smart Contact Lens Market report are Japan, China, South Korea, India, Australia, Singapore, Thailand, Indonesia, Malaysia, Philippines, Rest of Asia-Pacific.
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Major TOC of the Smart Contact Lens Market Report
Chapter One:
MARKET SEGEMENTATION
EXECUTIVE SUMMARY
PREMIUM INSIGHTS
MARKET OVERVIEW
Competitive Landscape and Smart Contact Lens Market Share Analysis
Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, production sites and facilities, company strengths and weaknesses, product launch, product trials pipelines, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the company's focus related to smart contact lens market.
The major companies dealing in the smart contact lens market are
• Mojo Vision Inc. (U.S.),
• GlakoLens Biyomedikal Biyoteknoloji San. ve Tic. A.Ş (Turkey),
• RaayonNova LLC (U.S.),
• STMicroelectronics (Switzerland),
• Sensimed AG (Switzerland),
• Google. LLC (U.S.),
• SAMSUNG (South Korea),
• Sony Corporation (Japan),
• Google (U.S.),
• Innovega Inc. (U.S.),
• MediPrint™ Ophthalmics (U.S.),
• and others.
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