openPR Logo
Press release

Smart Contact Lens Market Global Industry Analysis, Trends and Forecast, 2016-2026

11-12-2016 08:51 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: Future Market Insights

Smart Contact Lens Market Global Industry Analysis, Trends

The smart contact lens contains a wireless chip and miniaturized sensor for monitoring of physiological parameters such as glucose levels in tears of a diabetic patient or intraocular pressure in glaucoma patients. These sensors are embedded inside the two layers of soft lenses and a tiny hole in the outer layer allows the tear to flow into the sensor which measures the necessary parameters and data is transmitted to the wireless device for storage, via hair-this antenna. U.S. FDA has recently approved a smart contact lens to continuously monitor intraocular pressure in patients of glaucoma, which is the major cause of irreversible blindness. Triggerfish smart contact lens is a single use lens worn for 24 hours by glaucoma patients. According to Wilmer Ophthalmological Institute, U.S., 60.5 Mn people across the world are affected with glaucoma and the number is expected to increase to 79.6 Mn by 2020. Advances in ophthalmology and contact lens technology would thus be beneficial for glaucoma patients and also to the manufacturers of innovative products such as smart contact lens. Currently many companies are working on the smart contact lens technology to apply it in various health aspects. Google Inc. is developing a smart contact lens with Alcon, an eye care division of Novartis AG, which can detect the blood glucose levels from the tears and is expected to launch in the global market in next 5-6 years.

Smart Contact Lens Market: Drivers and Restraints

Advances in ophthalmology and growing demand for the more efficient and revolutionary glaucoma management approaches are the factors expected to drive the growth of global smart contact lens market. Increasing prevalence of glaucoma, increasing cases of diabetes related complications such as eye disorders, cataract and blindness, expanding aging demographics with presbyopia (long-sightedness), rising demand for user-friendly and self-monitoring devices are some other factors expected to fuel the growth of global smart contact lens market. According to American Diabetes Association, diabetes patients are 40% more susceptible to the glaucoma and 60% more likely to develop cataract than people without diabetes and the susceptibility to diabetes related glaucoma increases with age.

Request for sample report: http://www.futuremarketinsights.com/reports/sample/rep-gb-1982

Smart Contact Lens: Segmentation

The global smart contact lens market has been classified on the basis of application, end user and geography.

Based on application, the global smart contact lens market is divided into following:

Continuous Glucose Monitoring

Intraocular Pressure Monitoring

Based on the end user type, the global smart contact lens market is divided into following:

Home Care Settings

Clinics

Smart Contact Lens: Overview

Intraocular Pressure Monitoring application type segment would constitute the global market for smart contact lens in 2016. In March 2016, United States Food and Drug Administration (FDA) approved the Triggerfish Sensor which helps ophthalmologists to identify the best time to measure the intraocular pressure, which can eventually damage the vision of a patient. Triggerfish is the only FDA approved smart contact lens so far while Google’s smart lens technology for continuous glucose monitoring and correction of presbyopia is under clinical investigation and would launch in the global market. The technology is expected to transform the way of management of chronic diseases such as diabetes and glaucoma. For instance, Pohang University of Science and Technology, Korea is involved in the development of a combination of smart contact lens and eyeglass which can be used to monitor a diabetes and dispensing of medication on-demand.

Request for TOC: http://www.futuremarketinsights.com/toc/rep-gb-1982

Smart Contact Lens: Regional Overview

Region wise, the global smart contact lens market is classified into regions namely, North America, Latin America, Western Europe, Eastern Europe, Asia-Pacific, Japan, Middle East and Africa.North America leads the global smart contact lens market followed by Europe. The clinical trials for Triggerfish Sensor have been conducted in countries such as France, Denmark, India, Canada, Spain, Israel, Germany, Belgium, Poland and Switzerland.

Smart Contact Lens: Key Players

Some of the key players in global smart contact lens market are Sensimed AG, Google Inc., Novartis AG, Samsung Electronics Co., Ltd., Innovega Inc. and others.

About us:
Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services, which are personalized in nature. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights, an aerial view of the competitive framework, and future market trends.

Contact us:
616 Corporate Way, Suite 2-9018,
Valley Cottage, NY 10989,
United States
T: +1-347-918-3531
F: +1-845-579-5705
T (UK): + 44 (0) 20 7692 8790
Email:sales@futuremarketinsights.com
Website: www.futuremarketinsights.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Smart Contact Lens Market Global Industry Analysis, Trends and Forecast, 2016-2026 here

News-ID: 381899 • Views: 660

More Releases from Future Market Insights

How Changing Dynamics of Cable Testing Market are Reflecting on Growth Strategie …
Global Cable Testing Market: Introduction The cost of the substitution of cables that are concealed is very high. Faults in the cable, bending, kinking, and crushing, are not always visible, which has created the requirement for cable testing. Thus, cable testing helps check the cable functionality, cable quality, and cable conformity. Several times, cable testing by visual inspection is an effective way of identifying the actual problem before it causes any
How Transformative Trends in Self-Organising Network Market are Molding Strategi …
Self-Organising Network: Introduction With accelerated advancements and increasing complexities in the radio network technologies, such as those utilised for the development of LTE and 5G networks, which are used for planning, management, configuration, healing and optimisation, are required to be automated to facilitate efficiency. At present, suppliers are offering self-organising networks that possess the ability to offer optimum performance. Self-organising networks are use cases that perform network governance, including network planning,
Mining Vehicle AC Kits Market: Exploring the Impact of Trends on Strategies of K …
Mining Vehicle AC Kits Market: Introduction Cabin space in mining equipment has become more sophisticated in the recent past. The installation of mining vehicle AC kits has evolved from an optional feature to a necessary feature. Mining equipment manufacturers have made advancements in technology related to efficiency, performance and cost of air conditioning systems in order to make them affordable and economical to enable low-budget and compact installations without compromising on
Key Factors to Fuel Growth of the Talent Acquisition & Staffing Technology and S …
With the growing importance of recruiting and retaining top talent effectively and efficiently, smart hiring processes are the need of the hour. It is about time organisations move beyond merely scrutinising resumes. Salaries and benefits are important factors, but adopting ways that would make candidates an important part of the hiring process will attract the best talent. Studies reveal that due to discrepancies in existing Applicant Tracking Systems (ATS), hiring

All 5 Releases


More Releases for Contact

Global Smart Contact Lenses Market Report 2018
Global Smart Contact Lenses Market Report 2018-2022: The report on Global Smart Contact Lenses Market, documents a detailed study of different aspects of the Global Smart Contact Lenses Market. It shows the steady growth in market in spite of the fluctuations and changing market trends. In the past four years the Global Smart Contact Lenses Market has grown to a booming value of $xxx million and is expected to grow more. Every
Contact Center Analytics Market - The Implementation of Contact Center Analytics
The significant benefits of contact center analytics is that it helps in monitoring the service quality of each employee-customer interactions and thereby help in streamlining operational and business issues. Contact center analytics also aid in reducing operational & overhead expenses. One time implementation of contact center analytics alleviate frequently repeated issues. Furthermore, customer experience is the valuable element in any contact center business segment. So it’s important in transforming
Global Contact Lenses Market Growth 2025
In this report, the global Contact Lenses market is valued at USD XX million in 2017 and is expected to reach USD XX million by the end of 2025, growing at a CAGR of XX% between 2017 and 2025. Geographically, this report is segmented into several key Regions, with production, consumption, revenue (million USD), market share and growth rate of Contact Lenses in these regions, from 2013 to 2025 (forecast), covering North
Incentivising Contact Centre Teams
The establishment of incentives is an important process for every contact centre, and the KPI’s are typically aligned with the overall corporate strategy and mission. How KPI’s are set, will in part be determined by the type of contact centre i.e. sales, service or support, and the indicators will consider customer satisfaction, operational efficiency, sales, and agent quality for example. Choosing the measurements for success and the subsequent rewards also
Contact Lens Market - Trends, Outlook 2025
A contact lens is a medical device used for cosmetic and therapeutic reasons, primarily for vision correction. Contact lens provides enhanced peripheral vision as it does not accumulate moisture from the atmosphere. The vast variety and affordability of contact lens make it a common lifestyle product. Contact lens provides high compatibility as it can be worn along with other eye wear choices such as sunglasses. Lenses offer clear peripheral and
In contact at last
NORRES PUR AS hose family with electrostatic discharge capability now also available with compatible CONNECT Safety Clamp Systems The use of wall materials that are conductive or capable of electrostatic discharge is often recommended for transport hoses in hazardous areas. Last year, NORRES Schlauchtechnik (Gelsenkirchen, Germany) unveiled its new, permanently antistatic PUR AS hose family with electrostatic discharge capability. The NORRES CONNECT Safety Clamp Systems 230, 231 and 232, which allow