Smart Contact Lenses Market Latest Advancements, Trends and Huge Business Opportunities 2020 to 2025 | Sensimed AG, Google, Sony, PEGL, Samsung and others.

The Smart Contact Lenses Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies. We analyzed the impact of COVID-19 (Corona Virus) on the product industry chain based on the upstream and downstream markets, on various regions and major countries and on the future development of the industry are pointed out.

According to this study, over the next five years the Smart Contact Lenses market will register a 66.7% CAGR in terms of revenue, the global market size will reach $ 1212.8 million by 2025, from $ 157 million in 2019.

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The report presents the market competitive landscape and a corresponding detailed analysis of the major vendor/key players in the market. Top Companies in the Global Smart Contact Lenses Market: Sensimed AG, Google, Sony, PEGL, Samsung and others.

Industry News:

Emerging smart contact lens technology has treatment potential

March 19, 2020: ATLANTA — A presenter at SECO said that emerging contact lens technology could release medication or assist patients with low vision.

“With smart contact lens technology, the global market is going to reach $7.2 billion by the year 2023,” Kris Kerestan Garbig, OD, with Garbig Family Eye Care in Wilder, Ky., said during her presentation. “Some of the applications for smart contact lens are biomedical applications for systemic help ...[to] accurately identify eye health issues and have the potential to treat eye health issues.

Forget Google Glass, you may be able to wear smart contact lenses sooner rather than later

Thursday, January 9, 2020 – You’ve probably heard of the Google Glass (and its demise), but there are more vision-based wearables in development, including smart contact lenses. Smart contact lenses are not yet available on the market, partly because they face additional technical challenges. Most people might overlook the inconvenience of wearing spectacles, but we probably won’t see eye-to-eye on the matter of placing an electronic device directly on our eyeballs.

Recently, a group of South Korean researchers demonstrated that their latest smart contact lens design is indeed feasible, going as far as to demonstrate for the first time that their prototype can be worn safely by humans.

Samsung patents smart AR contact lens

Samsung has been awarded a patent for a ‘smart’ contact lens. The Korean patent includes mention of Augmented Reality (AR) and the control methods which will be used. This isn’t just about putting data right onto the lens, it is about a contact lens which can both receive and transmit information. The smart contact lens includes a display, camera and antenna.

Samsung isn’t the only company to be thinking about smart contact lenses. Google has been working on a project since 2014 – when it announced a smart contact lens project specifically aimed at measuring glucose levels in tears as a way to help manage diabetes.
The project has since become part of Verily, a health focussed company that sits under Alphabet – the parent company Google set up last year.

Global Smart Contact Lenses Market Split by Product Type and Applications:

This report segments the market on the basis of Types are:

Disposable Type
Frequent Replacement Type

On the basis of Application, the market is segmented into:

Medical Field
Military Field
Social Entertainment
Others

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Regional Analysis For Smart Contact Lenses Market:

For comprehensive understanding of market dynamics, the global Smart Contact Lenses market is analyzed across key geographies namely:
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

Each of these regions is analyzed on basis of market findings across major countries in these regions for a macro-level understanding of the market.

Smart Contact Lenses Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger and acquisitions along with trending innovation and business policies are reviewed in the report. The report contains basic, secondary and advanced information pertaining to the Market global status and trend, market size, share, growth, trends analysis, segment and forecasts from 2020–2026.

Following are major Table of Content of Smart Contact Lenses Market:

- Global Market Overview, Drivers, Restraints and Opportunities, Segmentation overview
- Global Market competition by top Players
- Analysis by Regions
- Consumption by Regions
- Consumption, By Types, Revenue and Market share by Types
- Consumption, By Applications, Market share (%) and Growth Rate by Applications
- Complete profiling and analysis of Players
- Industrial Chain, Sourcing Strategy and Downstream Buyers
- Marketing Strategy Analysis, Distributors/Traders
- Global Market Effect Factors Analysis
- Global Market Forecast
- Global Market Research Findings and Conclusion, Appendix, methodology and data source

Finally, all aspects of the Global Market are quantitatively as well qualitatively assessed to study the Global as well as regional market comparatively. This market study presents critical information and factual data about the market providing an overall statistical study of this market on the basis of market drivers, limitations and its future prospects. The report supplies the international economic competition with the assistance of Porter’s Five Forces Analysis and SWOT Analysis.

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