Smart Contact Lenses Market, By Type (Daily-Wear Soft Lenses, Extended- Wear Lenses, Rigid Gas- Permeable (RGP) Lenses, and Extended- Wear Disposable Lenses), By Product Type (Disposable Type and Frequent Replacement Type), By Application (Intraocular Pressure Monitoring and Continuous Glucose Monitoring), By End-User Type (Clinics, Home Care Settings, and Hospitals), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2030

Report Code: PMI356719 | Publish Date: May 2023 | No. of Pages: 168

Global Smart Contact Lenses Market Overview

Contact lenses, or just contacts, are thin lenses placed directly on the surface of the eyes. Contact lenses are ocular prosthetic devices employed by over 150 million people worldwide, and that they are often worn to correct vision or for cosmetic or therapeutic reasons. As of 2010, the typical age of contact wearers globally was 31 years old, and two-thirds of wearers were female.People prefer to wear contact lenses for several reasons. Aesthetics and cosmetics are the most motivating factors for people that want to avoid wearing glasses or to vary the looks or color of their eyes. Others wear contact lenses for functional or optical reasons. In comparison with spectacles, contact lenses typically provide better sight, and don't collect moisture (from rain, snow, condensation, etc.) or perspiration. This will make them preferable for sports and other outdoor activities. Contact wearers also can wear sunglasses, goggles, or other eyewear of their choice without having to suit them with prescription lenses or worry about compatibility with glasses. Additionally, there are conditions like keratoconus and aniseikonia that are typically corrected better with contact lenses than with glasses. The Global Smart Contact Lenses Market accounted for US$ 159.09 million in 2020 and is estimated to be US$ 916.17 million by 2030 and is anticipated to register a CAGR of 10.40%.

 

Global Smart Contact Lenses Market Dynamics

                                                             

Worn for aesthetic use

The smart contact lenses are used daily and for constantly monitoring of diabetic and glaucoma patient, which is the major factor driving the target market growth. Additionally, smart contact lenses improve the vision by eliminating the spectacles which is the another fueling factor for the growth of target market. In addition, the smart contact lenses are worn for the aesthetic use which is the major boosting factor for the growth of global market.

Can control myopia

Moreover, it can control the myopia which is the propelling factor for the growth of global market. Furthermore, during the physical and sports activities the lenses are better for vision instead of eyeglasses which is expected to drive the target market growth over the forecast period.

 However, the smart contact lenses are expensive which a major restrain for this market

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Global Smart Contact Lenses Market Segmentation

 

The global smart contact lenses market report segments the market on the basis of type, product type, application, end-user type, and region.

On the basis of type, Global Smart Contact Lenses Market is segmented into Daily-Wear Soft Lenses, Extended- Wear Lenses, Rigid Gas- Permeable (RGP) Lenses, and Extended- Wear Disposable Lenses), By Product Type (Disposable Type and Frequent Replacement Type. On the basis of product type, the target market is classified into Disposable Type and Frequent Replacement Type.  On the basis of application, the target market is classified into Intraocular Pressure Monitoring and Continuous Glucose Monitoring. On the basis of end-user, the target market is classified into Clinics, Home Care Settings, and Hospitals.

Regional Insights:

 

On the basis of region, Global Smart Contact Lenses Market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East and Africa. North America is expected to dominate the global smart contact lenses market owing to rising demand for smart contact lenses. Whereas, Europe and Asia- Pacific are anticipated to show a significant growth of the global smart contact lenses market during forecast period owing to increase in awareness about contact lenses among the population.

 

 

 

                  

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Detailed Segmentation:

 

Attribute

Details

Base year for estimation

2020

Forecast period

2020 – 2030

Market representation

Revenue in USD Million & CAGR from 2020 – 2030

Market Segmentation

By Type: Daily-Wear Soft Lenses, Extended- Wear Lenses, Rigid Gas- Permeable (RGP) Lenses, and Extended- Wear Disposable Lenses

By Product Type: Disposable Type and Frequent Replacement Type

By Application: Intraocular Pressure Monitoring and Continuous Glucose Monitoring

By End-User: Clinics, Home Care Settings, and Hospitals

Regional scope

North America - U.S., Canada

Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe

Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific

Latin America - Brazil, Mexico, Argentina, Rest of Latin America

Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa

Report coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

 

 

Detailed Segmentation:

Global Smart Contact Lenses Market, By Region:

      • North America
        • North America Smart Contact Lenses Market, By Type
        • North America Smart Contact Lenses Market, By Product Type
        • North America Smart Contact Lenses Market, By Application
        • North America Smart Contact Lenses Market, By End-User
        • North America Smart Contact Lenses Market, By Country
          • The U.S.
          • Canada
      • Europe
        • Europe Smart Contact Lenses Market, By Type
        • Europe Smart Contact Lenses Market, By Product Type
        • Europe Smart Contact Lenses Market, By Application
        • Europe Smart Contact Lenses Market, By End-User
        • Europe Smart Contact Lenses Market, By Country
          • Germany
          • UK
          • France
          • Russia
          • Italy
          • Rest of Europe
      • Asia Pacific
        • Asia Pacific Smart Contact Lenses Market, By Type
        • Asia Pacific Smart Contact Lenses Market, By Product Type
        • Asia Pacific Smart Contact Lenses Market, By Application
        • Asia Pacific Smart Contact Lenses Market, By End-User
        • Asia Pacific Smart Contact Lenses Market, By Country
          • China
          • India
          • Japan
          • South Korea
          • Rest of Asia Pacific
      • Latin America
        • Latin America Smart Contact Lenses Market, By Type
        • Latin America Smart Contact Lenses Market, By Product Type
        • Latin America Smart Contact Lenses Market, By Application
        • Latin America Smart Contact Lenses Market, By End-User
        • Latin America Smart Contact Lenses Market, By Country
          • Brazil
          • Mexico
          • Rest of Latin America
      • Middle East & Africa
        • Middle East & Africa Smart Contact Lenses Market, By Type
        • Middle East & Africa Smart Contact Lenses Market, By Product Type
        • Middle East & Africa Smart Contact Lenses Market, By Application
        • Middle East & Africa Smart Contact Lenses Market, By End-User
        • Middle East & Africa Smart Contact Lenses Market, By Country
          • GCC
          • Israel
          • South Africa
          • Rest of Middle East & Africa

Global Smart Contact Lenses Market Key Players

The key players in Global Smart Contact Lenses Market are Sensimed AG, Google Inc., Alcon laboratories Inc., Samsung Electronics Co. Ltd., Innovega Inc., Novartis AG, Bausch & Lomb Inc., Sony Electronics Inc, Sensimed SA and Johnson & Johnson Surgical Vision Inc. Advancements in the product as well as in manufacturing process, product launches, and strategic partnerships are some trends witnessed in the global smart contact lenses market. Key players have adopted mergers & acquisitions and new product developments to strengthen their positions in the global smart contact lenses market. For instance, in August 2019, Samsung Electronics Co. Ltd. patented smart contact lenses that lets having controlling over phone by blinking.

Global Smart Contact Lenses Market Company Profile

  • Sensimed AG
        • Company Overview
        • Product Portfolio
        • Key Highlights
        • Financial Performance
  • Google Inc.
        • Company Overview
        • Product Portfolio
        • Key Highlights
        • Financial Performance
  • Alcon laboratories Inc.
        • Company Overview
        • Product Portfolio
        • Key Highlights
        • Financial Performance
  • Samsung Electronics Co. Ltd.
        • Company Overview
        • Product Portfolio
        • Key Highlights
        • Financial Performance
  • Innovega Inc.
        • Company Overview
        • Product Portfolio
        • Key Highlights
        • Financial Performance
  • Novartis AG
        • Company Overview
        • Product Portfolio
        • Key Highlights
        • Financial Performance
  • Bausch & Lomb Inc.
        • Company Overview
        • Product Portfolio
        • Key Highlights
        • Financial Performance
  • Sony Electronics Inc
        • Company Overview
        • Product Portfolio
        • Key Highlights
        • Financial Performance
  • Sensimed SA
        • Company Overview
        • Product Portfolio
        • Key Highlights
        • Financial Performance
  • Johnson & Johnson Surgical Vision Inc.
        • Company Overview
        • Product Portfolio
        • Key Highlights
        • Financial Performance

Global Smart Contact Lenses Market Table of Contents

  1. Research Objective and Assumption
    • Preface
    • Research Objectives
    • Study Scope
    • Years Considered for the study
    • Assumptions
    • Abbreviations
  2. Research Methodology
    • Research data
    • Primary Data
      • Primary Interviews
      • Primary Breakdown
      • Key data from Primary Sources
      • Key Thickness Insights
    • Secondary Data
      • Major Secondary Sources
      • Secondary Sources
    • Market Estimation
    • Top-Down Approach
      • Approach for estimating Market Share by Top-Down Analysis (Supply Side)
    • Bottom-Up Approach
      • Approach for estimating market share by Bottom-up Analysis (Demand Side)
    • Market Breakdown and Data Triangulation
    • Research Assumptions
  3. Market Purview
    • Executive Summary
    • Key Findings—Global Outlook for Smart Contact Lenses Strategies
      • Key Questions this Study will Answer
      • Market Snippet, By Type
      • Market Snippet, By Product Type
      • Market Snippet, By Application
      • Market Snippet, By End-User
      • Market Snippet, By Region
    • Opportunity Map Analysis
    • Executive Summary—3 Big Predictions
  4. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
      • Market Trends
    • DR Impact Analysis
    • PEST Analysis
    • Porter’s Five Forces Analysis
    • Opportunity Orbit
    • Market Investment Feasibility Index
    • Macroeconomic Factor Analysis
  5. Global Smart Contact Lenses Market, By Type,  2020 – 2030, (US$ Mn)
    • Overview           
      • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
      • Y-o-Y Growth Analysis (%), 2020 – 2030
      • Segment Trends
    • Daily-Wear Soft Lenses
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • Extended-Wear Lenses
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • Rigid Gas-Permeable (RGP) Lenses
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • Extended-Wear Disposable Lenses
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
  6. Global Smart Contact Lenses Market, By Product Type,  2020 – 2030, (US$ Mn)
    • Overview           Disposable Type and Frequent Replacement Type
      • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
      • Y-o-Y Growth Analysis (%), 2020 – 2030
      • Segment Trends
    • Disposable Type
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • Frequent Replacement Type
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
  7. Global Smart Contact Lenses Market, By Application, 2020 – 2030, (US$ Mn)
    • Overview             
      • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
      • Y-o-Y Growth Analysis (%), 2020 – 2030
      • Segment Trends
    • Intraocular Pressure Monitoring
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • Continuous Glucose Monitoring
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
  8. Global Smart Contact Lenses Market, By End-User, 2020 – 2030, (US$ Mn)
    • Overview                   
      • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
      • Y-o-Y Growth Analysis (%), 2020 – 2030
      • Segment Trends
    • Clinics
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • Home Care Settings
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • Hospitals
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
  9. Global Smart Contact Lenses Market, By Region, 2020 – 2030, (US$ Mn)
    • Overview
      • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
      • Y-o-Y Growth Analysis (%), 2020 – 2030
      • Regional Trends
    • North America
      • Market Size and Forecast (US$ Mn), By Type, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Product Type, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Application, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By End-User, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
        • U.S.
        • Canada
    • Europe
      • Market Size and Forecast (US$ Mn), By Type, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Product Type, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Application, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By End-User, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
        • UK
        • France
        • Germany
        • Russia
        • Italy
        • Rest of Europe
    • Asia Pacific
      • Market Size and Forecast (US$ Mn), By Type, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Product Type, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Application, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By End-User, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
        • India
        • Japan
        • South Korea
        • China
        • Rest of Asia Pacific
    • Latin America
      • Market Size and Forecast (US$ Mn), By Type, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Product Type, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Application, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By End-User, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
        • Brazil
        • Mexico
        • Rest of Latin America
    • Middle East & Africa
      • Market Size and Forecast (US$ Mn), By Type, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Product Type, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Application, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By End-User, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
        • GCC
        • Israel
        • South Africa
        • Rest of Middle East
  10. Competitive Landscape
    • Heat Map Analysis
    • Market Presence and Specificity Analysis
  11. Company Profiles

 

  • Sensimed AG
        • Company Overview
        • Product Portfolio
        • Key Highlights
        • Financial Performance
  • Google Inc.
        • Company Overview
        • Product Portfolio
        • Key Highlights
        • Financial Performance
  • Alcon laboratories Inc.
        • Company Overview
        • Product Portfolio
        • Key Highlights
        • Financial Performance
  • Samsung Electronics Co. Ltd.
        • Company Overview
        • Product Portfolio
        • Key Highlights
        • Financial Performance
  • Innovega Inc.
        • Company Overview
        • Product Portfolio
        • Key Highlights
        • Financial Performance
  • Novartis AG
        • Company Overview
        • Product Portfolio
        • Key Highlights
        • Financial Performance
  • Bausch & Lomb Inc.
        • Company Overview
        • Product Portfolio
        • Key Highlights
        • Financial Performance
  • Sony Electronics Inc
        • Company Overview
        • Product Portfolio
        • Key Highlights
        • Financial Performance
  • Sensimed SA
        • Company Overview
        • Product Portfolio
        • Key Highlights
        • Financial Performance
  • Johnson & Johnson Surgical Vision Inc.
        • Company Overview
        • Product Portfolio
        • Key Highlights
        • Financial Performance

 

The Last Word

    • Future Impact
    • About Us
    • Contact

 

FAQs

The global smart contact lenses market report segments the market on the basis of type, product type, application, end-user type, and region.

The smart contact lenses are used daily and for constantly monitoring of diabetic and glaucoma patient, which is the major factor driving the target market growth.

North America is expected to dominate the global smart contact lenses market owing to rising demand for smart contact lenses.

The key players in Global Smart Contact Lenses Market are Sensimed AG, Google Inc., Alcon laboratories Inc., Samsung Electronics Co. Ltd., Innovega Inc., Novartis AG, Bausch & Lomb Inc., Sony Electronics Inc, Sensimed SA and Johnson & Johnson Surgical Vision Inc.