Smart Contact Lenses Market by Lens Designs, Materials, Application, Distribution Channel, End-User - Cumulative Impact of COVID-19, Russia Ukraine Conflict, and High Inflation

Description

List of Tables

The Global Smart Contact Lenses Market is forecasted to grow significantly, with a projected USD 4,434.52 million in 2023 at a CAGR of 17.04% and expected to reach a staggering USD 13,419.50 million by 2030.

The Cumulative Impact of COVID-19, the Russia-Ukraine Conflict, and High Inflation is expected to have significant long-term effects on the Global Smart Contact Lenses Market. The ongoing research considers the changes in consumer behavior, supply chain disruptions, and government interventions caused by the pandemic. Similarly, the report considers the ongoing political and economic uncertainty in Eastern Europe caused by the Russia-Ukraine Conflict and its potential implications for demand-supply balances, pressure on pricing variants, and import/export and trading. Additionally, the report addresses the impact of High Inflation on the global economy and details fiscal policies measuring and reducing its effects on demand, supply, cash flow, and currency exchange.

Market Segmentation & Coverage:

This research report categorizes the Global Smart Contact Lenses Market in order to forecast the revenues and analyze trends in each of following sub-markets:

Based on Lens Designs, market is studied across Diagnostic Sensor Integrated Contact Lens, Drug Eluding Contact Lenses, Electrochemical Contact Lens Sensors, Fluorescence-Based Contact Lenses, Light Diffractive Contact Lenses, MicroLED Display Contact Lens, and Photodetector Contact Lenses. The Diagnostic Sensor Integrated Contact Lens commanded largest market share of 24.45% in 2022, followed by Drug Eluding Contact Lenses.

Based on Materials, market is studied across Carbon Nanotubes, Conducting Polymers, Graphene, Hybrid Contact Lenses, Hydrogel Contact Lenses, Inorganic Magnetic Oxide Nanosheets, Metal MESH-Structures, Metal Nanowires, and Peptide Modified Gold Nanobowls (AUNBS). The Hydrogel Contact Lenses commanded largest market share of 22.82% in 2022, followed by Hybrid Contact Lenses.

Based on Application, market is studied across Drug Delivery, Eye Health Monitoring, Glucose Monitoring, Intraocular Pressure Monitoring, and Vision Correction. The Glucose Monitoring commanded largest market share of 32.49% in 2022, followed by Intraocular Pressure Monitoring.

Based on Distribution Channel, market is studied across Offline and Online. The Offline commanded largest market share of 93.33% in 2022, followed by Online.

Based on End-User, market is studied across Athletes, Gamers & Entertainment, Individuals, Military & Law Enforcement, and Ophthalmology Clinics. The Individuals commanded largest market share of 44.84% in 2022, followed by Ophthalmology Clinics.

Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Americas commanded largest market share of 39.21% in 2022, followed by Europe, Middle East & Africa.

Market Statistics:

The report provides market sizing and forecasts across 7 major currencies - USD, EUR, JPY, GBP, AUD, CAD, and CHF; multiple currency support helps organization leaders to make well-informed decisions. In this report, 2018 to 2021 are considered as historical years, 2022 is base year, 2023 is estimated year, and years from 2024 to 2030 are considered as forecast period.

FPNV Positioning Matrix:

The FPNV Positioning Matrix is essential for assessing the Global Smart Contact Lenses Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).

Market Share Analysis:

The Market Share Analysis offers an insightful look at the current state of vendors in a particular market space. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.

The report provides insights on the following pointers:

1. Market Penetration: Provides comprehensive information on the market offered by the key players

2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets

3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments

4. Market Trends: Provides comprehensive understanding of the Cumulative Impact of COVID-19, the Russia-Ukraine Conflict, and the High Inflation

5. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players

6. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments

The report answers questions such as:

1. What is the market size and forecast of the Global Smart Contact Lenses Market?

2. What are the inhibiting factors and impact of COVID-19 shaping the Global Smart Contact Lenses Market during the forecast period?

3. Which are the products/segments/applications/areas to invest in over the forecast period in the Global Smart Contact Lenses Market?

4. What is the competitive strategic window for opportunities in the Global Smart Contact Lenses Market?

5. What are the technology trends and regulatory frameworks in the Global Smart Contact Lenses Market?

6. What is the market share of the leading vendors in the Global Smart Contact Lenses Market?

7. What modes and strategic moves are considered suitable for entering the Global Smart Contact Lenses Market?

Product Code: MRR-43676CF42B8E

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Limitations
1.7. Assumptions
1.8. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

4.1. Introduction
4.2. Smart Contact Lenses Market, by Lens Designs, 2022 vs 2030
4.3. Smart Contact Lenses Market, by Materials, 2022 vs 2030
4.4. Smart Contact Lenses Market, by Application, 2022 vs 2030
4.5. Smart Contact Lenses Market, by Distribution Channel, 2022 vs 2030
4.6. Smart Contact Lenses Market, by End-User, 2022 vs 2030
4.7. Smart Contact Lenses Market, by Region, 2022 vs 2030

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Increase in prevalence of refractive error and rising cases of diabetic retinopathy
  - 5.1.1.2. Ongoing research & development for smart contact lenses
  - 5.1.1.3. Rising utilizatiuon of smart contact lenses in sports and performance applications
- 5.1.2. Restraints
  - 5.1.2.1. High cost of the smart contact lenses
- 5.1.3. Opportunities
  - 5.1.3.1. Diverse and constant evolution of technologies in smart contact lenses
  - 5.1.3.2. Potential use of the smart contact lenses in military & law enforcement
- 5.1.4. Challenges
  - 5.1.4.1. Potential issues, concerned with the safety of the smart contact lenses and Limited awareness of smart contact lenses
5.2. Market Trends
5.3. Cumulative Impact of COVID-19
5.4. Cumulative Impact of Russia-Ukraine Conflict
5.5. Cumulative Impact of High Inflation
5.6. Porter's Five Forces Analysis
- 5.6.1. Threat of New Entrants
- 5.6.2. Threat of Substitutes
- 5.6.3. Bargaining Power of Customers
- 5.6.4. Bargaining Power of Suppliers
- 5.6.5. Industry Rivalry
5.7. Value Chain & Critical Path Analysis
5.8. Regulatory Framework
5.9. Client Customization

6. Smart Contact Lenses Market, by Lens Designs

6.1. Introduction
6.2. Diagnostic Sensor Integrated Contact Lens
6.3. Drug Eluding Contact Lenses
6.4. Electrochemical Contact Lens Sensors
6.5. Fluorescence-Based Contact Lenses
6.6. Light Diffractive Contact Lenses
6.7. MicroLED Display Contact Lens
6.8. Photodetector Contact Lenses

7. Smart Contact Lenses Market, by Materials

7.1. Introduction
7.2. Carbon Nanotubes
7.3. Conducting Polymers
7.4. Graphene
7.5. Hybrid Contact Lenses
7.6. Hydrogel Contact Lenses
7.7. Inorganic Magnetic Oxide Nanosheets
7.8. Metal MESH-Structures
7.9. Metal Nanowires
7.10. Peptide Modified Gold Nanobowls (AUNBS)

8. Smart Contact Lenses Market, by Application

8.1. Introduction
8.2. Drug Delivery
8.3. Eye Health Monitoring
8.4. Glucose Monitoring
8.5. Intraocular Pressure Monitoring
8.6. Vision Correction

9. Smart Contact Lenses Market, by Distribution Channel

9.1. Introduction
9.2. Offline
9.3. Online

10. Smart Contact Lenses Market, by End-User

10.1. Introduction
10.2. Athletes
10.3. Gamers & Entertainment
10.4. Individuals
10.5. Military & Law Enforcement
10.6. Ophthalmology Clinics

11. Americas Smart Contact Lenses Market

11.1. Introduction
11.2. Argentina
11.3. Brazil
11.4. Canada
11.5. Mexico
11.6. United States

12. Asia-Pacific Smart Contact Lenses Market

12.1. Introduction
12.2. Australia
12.3. China
12.4. India
12.5. Indonesia
12.6. Japan
12.7. Malaysia
12.8. Philippines
12.9. Singapore
12.10. South Korea
12.11. Taiwan
12.12. Thailand
12.13. Vietnam

13. Europe, Middle East & Africa Smart Contact Lenses Market

13.1. Introduction
13.2. Denmark
13.3. Egypt
13.4. Finland
13.5. France
13.6. Germany
13.7. Israel
13.8. Italy
13.9. Netherlands
13.10. Nigeria
13.11. Norway
13.12. Poland
13.13. Qatar
13.14. Russia
13.15. Saudi Arabia
13.16. South Africa
13.17. Spain
13.18. Sweden
13.19. Switzerland
13.20. Turkey
13.21. United Arab Emirates
13.22. United Kingdom

14. Competitive Landscape

14.1. FPNV Positioning Matrix
14.2. Market Share Analysis, By Key Player
14.3. Competitive Scenario Analysis, By Key Player
- 14.3.1. Agreement, Collaboration, & Partnership
  - 14.3.1.1. India, UK Scientists Develop 'smart Contact Lens' to Detect Eye Infections
- 14.3.2. New Product Launch & Enhancement
  - 14.3.2.1. CooperVision's Latest Innovation, MyDay Energys Contact Lenses, Make U.S. Debut
  - 14.3.2.2. Korea designs Smart Contact Lens for Diagnosing and Treating Glaucoma
  - 14.3.2.3. Startup Developing Smart Contact Lenses for Glaucoma Diagnosis, Management
  - 14.3.2.4. Mojo Vision Unveils Latest Augmented Reality Contact Lens Prototype
  - 14.3.2.5. J&J is Bringing the World's First Drug-Eluting Contact Lens to Market
- 14.3.3. Investment & Funding
  - 14.3.3.1. Mojo Vision Raises USD 45 million to Develop Smart Contact Lens Sports Tech

15. List of Company Mentioned

16. Appendix

16.1. Discussion Guide
16.2. License & Pricing