Smart Contact Lenses Market - By Type (RGP, Daily-Wear Soft, Extended-Wear Lenses), Material (PHEMA, PVA, PA, PET, PDMS), Application (Continuous Glucose, IOP), Usability (Disposable, Reusable), End-use (Hospital, Clinic)

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Smart Contact Lenses Industry size is projected to exhibit a CAGR of 15.2% between 2023 and 2032, driven by technological advancements and a growing demand for innovative healthcare solutions.

There is an increasing prevalence of chronic conditions, such as diabetes. As per WHO, around 422 million people globally suffer from diabetes, with the majority residing in low- and middle-income countries, and approximately 1.5 million deaths related to diabetes occur each year. This signifies the need for continuous monitoring of physiological parameters. Smart contact lenses, equipped with biosensors, enable real-time monitoring of glucose levels and other vital signs, offering a non-invasive and seamless approach to managing health.

Further, the product serves as a promising platform for AR/VR integration, offering users a personalized and immersive experience. Industries ranging from gaming and entertainment to healthcare and education are exploring the potential of smart contact lenses to enhance visual experiences and information access.

The overall smart contact lenses industry is classified based on type, material, application, usability, end-use and region.

Polyethylene terephthalate (PET) segment is poised to witness significant growth over the forecast period, as it offers exceptional transparency, mechanical strength, and biocompatibility, making it an ideal substrate for the fabrication of smart contact lenses. Its optical clarity facilitates clear vision while supporting the integration of advanced electronic components. The material's lightweight and flexible nature contribute to enhanced comfort, favoring its demand.

Reusable segment will record notable growth during 2023 and 2032, as they offer a cost-effective and environmentally friendly alternative, aligning with the increasing consumer eco-conscious preferences. With advancements in lens materials and disinfection technologies, reusable lenses provide comfort, durability, and extended wear periods. This not only caters to user convenience but also addresses concerns related to waste generation.

Europe smart contact lenses industry size will witness significant growth throughout 2023 to 2032, backed by the aging population and rising chronic disease cases that spurred the demand for innovative healthcare solutions. Smart contact lenses resonate with the need for proactive and personalized healthcare management. The robust infrastructure supporting R&D, coupled with a tech-savvy consumer base, fosters an environment conducive to the adoption of cutting-edge technologies. Furthermore, supportive regulatory frameworks and a growing emphasis on healthcare digitization stimulates the regional market growth.

Product Code: 7538

Chapter 1 Methodology & Scope

1.1 Market scope & definition
1.2 Base estimates & working
1.3 Data collection
1.4 Base estimates & workings
1.5 Forecast calculations
1.6 Data Sources
- 1.6.1 Primary
- 1.6.2 Secondary
  - 1.6.2.1 Paid sources
  - 1.6.2.2 Unpaid sources

Chapter 2 Executive Summary

2.1 Global smart contact lenses market 360 degree synopsis, 2018 - 2032
- 2.1.1 Business trends
- 2.1.2 Regional trends
- 2.1.3 Type trends
- 2.1.4 Material trends
- 2.1.5 Application trends
- 2.1.6 Usability trends
- 2.1.7 End-use trends

Chapter 3 Smart Contact Lenses Industry Insights

3.1 Industry ecosystem analysis
3.2 Industry impact forces
- 3.2.1 Growth drivers
  - 3.2.1.1 Rising incidence of eye disorders
  - 3.2.1.2 Technological advancements in smart contact lenses
  - 3.2.1.3 Growing aging population
  - 3.2.1.4 Increasing diabetes incidence
- 3.2.2 Industry pitfalls & challenges
  - 3.2.2.1 High cost of smart contact lenses
3.3 Growth potential analysis
- 3.3.1 By type
- 3.3.2 By material
- 3.3.3 By application
- 3.3.4 By usability
- 3.3.5 By end-use
3.4 COVID- 19 impact analysis
3.5 Regulatory landscape
3.6 Technological landscape
3.7 Upcoming developments in the market
3.8 Pricing analysis
3.9 Value chain analysis
3.10 Gap analysis
3.11 Porter's analysis
3.12 PESTEL analysis

Chapter 4 Competitive Landscape, 2022

4.1 Introduction
4.2 Company matrix analysis, 2022
4.3 Company market share analysis, 2022
4.4 Vendor matrixx analysis
4.5 Competitive positioning matrix, 2022
4.6 Strategy dashboard, 2022

Chapter 5 Smart Contact Lenses Market Size and Forecast, By Type, 2018-2032 (USD Million)

5.1 Key trends, by type
5.2 Rigid gas-permeable (RGP)
5.3 Daily-wear soft lenses
5.4 Extended-wear Lenses
5.5 Other types

Chapter 6 Smart Contact Lenses Market Size and Forecast, By Material, 2018-2032 (USD Million)

6.1 Key trends, by material
6.2 Poly (2-Hydroxyethyl methacrylate) (PHEMA)
6.3 Polyvinyl alcohol (PVA)
6.4 Polyacrylamide (PA)
6.5 Polyethylene terephthalate (PET)
6.6 Polydimethylsiloxane (PDMS)
6.7 Other materials

Chapter 7 Smart Contact Lenses Market Size and Forecast, By Application, 2018-2032 (USD Million)

7.1 Key trends, by application
7.2 Continuous glucose monitoring
7.3 Intraocular pressure monitoring
7.4 Other applications

Chapter 8 Smart Contact Lenses Market Size and Forecast, By Usability, 2018-2032 (USD Million)

8.1 Key trends, by usability
8.2 Disposable
8.3 Reusable

Chapter 9 Smart Contact Lenses Market Size and Forecast, By End-use, 2018-2032 (USD Million)

9.1 Key trends, by end-use
9.2 Hospitals
9.3 Ophthalmology clinics
9.4 Home care settings

Chapter 10 Smart Contact Lenses Market Size and Forecast, By Region, 2018-2032 (USD Million)

10.1 Key trends, by region
10.2 North America
- 10.2.1 U.S.
- 10.2.2 Canada
10.3 Europe
- 10.3.1 Germany
- 10.3.2 UK
- 10.3.3 France
- 10.3.4 Italy
- 10.3.5 Spain
- 10.3.6 Switzerland
- 10.3.7 Rest of Europe
10.4 Asia Pacific
- 10.4.1 Japan
- 10.4.2 Rest of Asia Pacific
10.5 ROW

Chapter 11 Company Profiles

11.1 Sensimed
11.2 Innovega Inc.
11.3 InWith Corporation
11.4 Johnson & Johnson Services Inc.
11.5 Samsung Electronics Co., Ltd.
11.6 Sony Group Corporation
11.7 RaayonNova LLC
11.8 Azalea Vision
11.9 EP Global Communications, Inc.
11.10 GlakoLens Biyomedikal Biyoteknoloji San. ve Tic. A.S.