Lewes, DE -- (SBWire) -- 09/11/2018 --Smart Contact Lenses Market will register a 67.6% CAGR in terms of revenue, reach US$ 1270 million by 2023, from US$ 57 million in 2017.
A contact lens, or simply contact or CL, is a thin lens placed directly on the surface of the eye. CLs are considered medical devices and can be worn to correct vision, or for cosmetic or therapeutic reasons. While, Smart Contact Lenses mains that a contact lens integrate a set of electronic components and formed a specific function. These lenses may be available in the future but are currently in proof-of concept or early to mid-stage development. They may be used to monitor diabetes by measuring tear glucose, intraocular pressure, or for presbyopia and myopia control, low vision. In addition, some contact lenses also integrated social entertainment features, for example you can simultaneous viewing of the world around you while are also viewing a small screen in a frame mounted projection system for learning, gaming or augmented reality. Smart contact lens technology involves filters, sensors, microchips and other miniaturized electronics which are embedded within contact lenses Drug-device combinations (contact lenses which elute pharmaceuticals) will be mentioned but not emphasized.
The technical barriers of smart contact lenses are high, and the smart contact lenses market concentration degree is relatively lower. The manufacturing bases concentration only in Switzerland; there is only one manufacturer in the world. And there are some companies researching, such as Google, Samsung, Sony, PEGL and others.
In the past few years, as the main raw material price was relatively stable, with the addition of a sharp increase in production capacity, expected that the smart contact lenses raw material price will be stable in the short term. However, the improvement of Competitiveness, energy, transportation costs, and employee wages, will play a significant role in promoting the cost of smart contact lenses.
There are companies focusing on technological innovation, equipment upgrades, and process improvements, to reduce costs and develop new products. But the high skills requirement may cause the study futile.
Over the next five years, Study projects that Smart Contact Lenses will register a 67.6% CAGR in terms of revenue, reach US$ 1270 million by 2023, from US$ 57 million in 2017.
This report studies the global market, especially in North America, Europe, Asia-Pacific, South America, Middle East and Africa, focuses on the top 5 players in each region, with sales, price, revenue and market share from 2013 to 2018, the top players:
Sensimed AG
Google
Samsung
Sony
PEGL
Market Segment by Regions, this report splits Global into several key Regions, with sales, revenue, market share of top players in these regions, from 2013 to 2018 (forecast), like
North America (United States, Canada and Mexico)
Asia-Pacific (China, Japan, Southeast Asia, India and Korea)
Europe (Germany, UK, France, Italy and Russia etc.)
South America (Brazil, Chile, Peru and Argentina)
Middle East and Africa (Egypt, South Africa, Saudi Arabia)
Split by Product Types, with sales, revenue, price, market share of each type, can be divided into
Disposable Type
Frequent Replacement Type
Split by applications, this report focuses on sales, market share and growth rate in each application, can be divided into
Medical Field
Military Field
Social Entertainment
Others
Spanning over 122 pages "Forecast of Global Smart Contact Lenses Players Market 2023" report covers Smart Contact Lenses Market Overview, Global Smart Contact Lenses Sales, Revenue (Value) and Market Share by Players, Global Smart Contact Lenses Sales, Revenue (Value) by Regions, Type and Application (2013-2018), North America Top 5 Players Smart Contact Lenses Sales, Revenue and Price, Europe Top 5 Players Smart Contact Lenses Sales, Revenue and Price, Asia-Pacific Top 5 Players Smart Contact Lenses Sales, Revenue and Price, South America Top 5 Players Smart Contact Lenses Sales, Revenue and Price, Middle East & Africa Top 5 Players Smart Contact Lenses Sales, Revenue and Price, Global Smart Contact Lenses Players Profiles/Analysis, Global Smart Contact Lenses Market Forecast (2018-2023), Smart Contact Lenses Manufacturing Cost Analysis, Industrial Chain, Sourcing Strategy and Downstream Buyers, Marketing Strategy Analysis, Distributors/Traders, Market Effect Factors Analysis, Research Findings and Conclusion, Appendix.
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