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Global Smart Contact Lens Market

06-24-2019 11:53 PM CET | Health & Medicine

Press release from: Data Bridge Market Research

/ PR Agency: Data Bridge Market Research
Global Smart Contact Lens Market

Global Smart Contact Lens Market

The Global Smart Contact Lens Market is expected to reach USD 10.78 billion by 2026, from USD 4.95 billion in 2019 growing at a CAGR of 10.2% during the forecast period of 2019 to 2026. The upcoming market report contains data for historic years 2016 & 2017, the base year of calculation is 2017 and the forecast period is 2019 to 2026.

Smart contact lenses are used for measuring the glucose level in the tears. The smart lens consists of wireless chip and a miniaturized glucose sensor. Through tiny hole in the lens that tears seeps into the sensor. The wireless antenna inside the contact lens acts as a controller to transmit information to the wireless device. Power is drawn from these devices via RFID wireless technology. The intraocular pressure of healthy eye is between 1,300 and 2,800 Pascals while the pressure of diseased eye is 500 to 6,500 Pa. According to WHO, the number of diabetes patient has been increased to 422 million in 2025 from 108 Million in 1980 across globally. According to American Diabetes Association in 2015 around 9.4% of total American population suffered from diabetes.

Download Free Sample copy of this Report: https://databridgemarketresearch.com/request-a-sample/?dbmr=global-smart-contact-lens-market

Competitive Analysis: Global Smart Contact Lens Market

The global smart contact lens market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of smart contact lens market for global, Europe, North America, Asia Pacific and South America.

Major Market Competitors/Players: Global Smart Contact Lens Market
Some of the major players operating in the market are
• Linear Technologies
• NXP Semiconductor
• InvenSense
• Knowles
• Analog Devices
• Texas Instruments
• STMicroelectronics
• Hitachi
• Nanomix
• Murata Manufacturing
• Atmel
• Banner Engineering
• Ams
• Rockwell Automation
• TOWA
• Panasonic among others.

Table of Contents Available For this Market Download Free TOC :
https://databridgemarketresearch.com/toc/?dbmr=global-smart-contact-lens-market

Key Developments in the Market:

• Samsung granted the patent in Korea for smart contact lens versions.
• Medella working on glucose-measuring smart contact lenses which uses the sensors, tiny chips and antenna to transmit the signals.
• Sony filed for a patent for a smart contact lens that can record video.

Table of Content:

01: Executive Summary
02: Scope of The Report
03: Global Smart Contact Lens Market Landscape
04: Global Smart Contact Lens Market Sizing
05: Global Smart Contact Lens Market Segmentation by Product
06: Five Forces Analysis
07: Customer Landscape
08: Geographic Landscape
09: Decision Framework
10: Drivers and Challenges
11: Market Trends
12: Vendor Landscape
13: Vendor Analysis
Table of Contents Available For this Market Download Free TOC : https://databridgemarketresearch.com/toc/?dbmr=global-smart-contact-lens-market

Major Market Drivers and Restraints:

• Increase in adoption of wearable medical devices.
• Increase awareness towards diabetes and related side effects
• Rising geriatric population
• Increase in research and development in the field of contact lenses.
• Expensive device.
• Allergic reactions to some patients
• Unawareness regarding the use of smart devices
• Downward pricing pressure owing to its commodity nature

Market Segmentation: Global Smart Contact Lens Market

• The global smart contact lens market is segmented based on application, end users and geographical segments.
• Based on application the market is segmented into continuous glucose monitoring and intraocular pressure monitoring.
• On the basis of end users, the market is further segmented into Hospital & Clinics, Home Care Settings and others.
• Based on geography the global smart contact lens market report covers data points for 28 countries across multiple geographies namely North America & South America, Europe, Asia-Pacific and, Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa and, Brazil among others.

Reasons to buy this report:

1. To get a comprehensive overview of the Global Smart Contact Lens Market.
2. To gain information about the top players in this industry, their product portfolios, and their key strategies.
3. To gain insights about the major regional insights in which the Global Smart Contact Lens Market is flourishing.
4. Recent industry trends and developments
5. Potential and niche segments/regions exhibiting promising growth

Contact: Data Bridge Market Research
Tel: +1-888-387-2818
Email: sopan.gedam@databridgemarketresearc

About Data Bridge Market Research:

Data Bridge Market Research set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches. We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the market. Data Bridge endeavors to provide appropriate solutions to the complex business challenges and initiates an effortless decision-making process.

To Inquire before Buy Complete Report Click Here @ https://databridgemarketresearch.com/inquire-before-buying/?dbmr=global-smart-contact-lens-market

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