What Will Boost the Smart Contact Lens Market in Coming Years? Key Players are Rockwell Automation, ams AG, Panasonic, Towa, NXP Semiconductors, Analog Devices, Texas Instruments, Hitachi

What Will Boost the Smart Contact Lens Market in Coming Years? Key Players are Rockwell Automation, ams AG, Panasonic, Towa, NXP Semiconductors, Analog Devices, Texas Instruments, Hitachi

“Global Smart Contact Lens Market”
The Smart Contact Lens market report is an ideal solution for those who are willing to enter the market. It incorporates current market intelligence, future projections for the growth, technology inputs, and future market trends. To make the report clear and straightforward, the examination features delineations, plots, and infographics.

The Smart Contact Lens market research report is conceivable and verifiable research report secured to give genuine information. The report undoubtedly maintains the high level of accuracy. Assumptions included in this Smart Contact Lens report are made through considering experts’ opinions and then the results are cross-checked against the autonomous sources, before being approved through an iterative interview process with specialists and partners. The report analyzes different viewpoints of the market with the assistance of Porter’s five powers examination. It helps to cultivate vital activities by understanding the center regions of prominent organizations in the business.

By referring to this Smart Contact Lens market report, clients can get a clear idea about mergers and acquisitions viably by comprehension and recognition of key players. It concentrates on the product type and regions that witness the fastest growth in the market. The report gives a point by point investigation of the changing focused scene that keeps the readers/customers in front of the contenders. It likewise gives an inside-out perspective on the various components driving or controlling the development of the worldwide market. It helps with settling on educated business choices by having careful experiences into the worldwide market.

The Global Smart Contact Lens Market is expected to reach USD 10.78 billion by 2025, from USD 4.95 billion in 2017 growing at a CAGR of 10.2% during the forecast period of 2018 to 2025.

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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.

Key Players of Smart Contact Lens Market

Linear Technologies, NXP Semiconductor, InvenSense, Knowles, Analog Devices, Texas Instruments, STMicroelectronics, Hitachi, Nanomix, Murata Manufacturing, Atmel, Banner Engineering, ams, Rockwell Automation, TOWA, Panasonic, Sensimed AG, Google, Novartis, Novartis, Australia & New Zealand, Samsung Electronics, Sony, Sony Electronics, CooperVision, Bausch + Lomb, Bausch + Lomb UK, Bausch + Lomb Ireland, among others

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.

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 global Smart Contact Lens market for global Europe, North America, Asia-Pacific, South America and Middle East & Africa.

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Key Segmentation of Smart Contact Lens Market

Based on application

continuous glucose monitoring and

intraocular pressure monitoring

By Geography

Asia Pacific (China, South Korea, Japan, India, Australia, Singapore, Thailand, Indonesia, Malaysia, Philippines, Rest of Asia-Pacific).

North America (US, Canada, Mexico).

Europe (Russia, Turkey, Belgium, Netherlands, Switzerland, Spain, France, Germany, Italy, UK, Rest of Europe.

South America (Brazil, Argentina, Rest of South America).

Middle East and Africa (South Africa, Egypt, Saudi Arabia, United Arab Emirates, Israel, Rest of Middle East and Africa).

On the basis of end users,

Hospital & Clinics,

Home Care Settings and others

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

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