Press release
Smart Contact Lenses Market is Projected to reach USD 1,603.4 million by 2027
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Market Dominated by North America followed by Europe on Account of Increasing Prevalence of Glaucoma
Based on geographical segmentation, North America earned the largest smart contact lenses market share with revenue of USD 58.9 million earned in 2018. This is attributable to the increasing prevalence of diabetes and glaucoma in the region. According to the Glaucoma Research Foundation, an estimate of 2 million Americans was diagnosed with glaucoma in the year 2017. Therefore, the increasing incidences of such cases and the rising awareness about smart contact lens will boost the regional market. This, coupled with adequate investments by players for the launch of new products will also help the region continue its dominance in the forecast period.
Europe ranks second in the market with the increasing incidences of glaucoma and diabetes. Additionally, research activities funded by both government and non-government organizations for innovations in smart contact lenses will help promote the Europe market in the long run. Furthermore, the Asia Pacific market will also witness significant growth on account of the increasing number of the patient population and increasing awareness about the availability of advanced lenses.
Market Dominated by North America followed by Europe on Account of Increasing Prevalence of Glaucoma
Based on geographical segmentation, North America earned the largest smart contact lenses market share with revenue of USD 58.9 million earned in 2018. This is attributable to the increasing prevalence of diabetes and glaucoma in the region. According to the Glaucoma Research Foundation, an estimate of 2 million Americans was diagnosed with glaucoma in the year 2017. Therefore, the increasing incidences of such cases and the rising awareness about smart contact lens will boost the regional market. This, coupled with adequate investments by players for the launch of new products will also help the region continue its dominance in the forecast period.
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List of Significant Vendors Operating in this market include:
Sony
Innovega Inc.
Alcon Vision LLC
Samsung
Mojo Vision Inc.
Sensimed AG
Other vendors
Some major points from Table of Content:
Introduction
Research Scope
Market Segmentation
Research Methodology
Definitions and Assumptions
Executive Summary
Market Dynamics
Market Drivers
Market Restraints
Market Opportunities
Key Insights
Epidemiology of Diabetes, Glaucoma for Key Countries/Regions
Key Industry Developments such as Mergers, Acquisitions, and Partnerships
Key Industry Trends
Technological Advancements in Smart Contact Lenses
Global Smart Contact Lenses Market Analysis, Insights and Forecast, 2015-2026
Key Findings / Summary
Market Analysis, Insights and Forecast – By Type
Continuous Intraocular Monitoring
Photochromic Lens
Others
Market Analysis, Insights and Forecast – By End User
Clinics
Home Care
Others
Market Analysis, Insights and Forecast – By Region
North America
Europe
Asia Pacific
Rest of the World
North America Market Analysis, Insights and Forecast, 2015-2026
Key Findings / Summary
Market Analysis – By Type
Continuous Intraocular Monitoring
Photochronic Lens
Others
Market Analysis – By End User
Clinics
Home Care
Others
Market Analysis – By Country
U.S.
Canada
Europe Market Analysis, Insights and Forecast, 2015-2026
Key Findings / Summary
Market Analysis – By Type
Continuous Intraocular Monitoring
Photochronic Lens
Others
Market Analysis – By End User
Clinics
Home Care
Others
Market Analysis – By Country/Sub-region
U.K.
Germany
France
Spain
Italy
Scandinavia
Rest of Europe
Continued...
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