The global Smart Contact Lens Market is anticipated to reach USD 12.52 Billion by 2027, according to a new report by Emergen Research. The Smart Contact Lens market is forecasted to grow significantly, owing to the growing demand for wearable medical appliances for the constant monitoring health condition of patients. The technological development in smart contact lens to diminish vision difficulties in humans and the increasing rate of geriatric people also propels market growth. The rising interest in smart medical gadgets among youth attracts them towards smart contact lenses.

Escalating demand for glaucoma management solutions and a high level of consumer awareness in North America is expected to fuel the market with a significant CAGR of 11.0% in the forecasted timeframe.

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Key Highlights From The Report

• The increasing growth of 3D movies and gaming with the integration of virtual and augmented reality will enhance the smart contact lens market. On the other side, the feature like realtime stress reading of eye due to these advanced technologies would help doctors deliver better treatments.
• The continuous glucose monitoring smart contact lens comprises a sensor and wireless microchip to check physical issues like glucose concentrations in the tears of a diabetic patient and inner pressure of glaucoma. Implementaion of these sensors are creating a demand for the segment.
• The leading players in the market include Google LLC, Sensimed AG, Novartis International AG, Samsung Electronics Company Ltd, Rockwell Automation Inc., Sony Corporation, Hitachi Ltd., Alcon Laboratories Inc., Atmel Corporation, Mojo Vision Inc., among others.

Market Segmentation:

Emergen Research has segmented the global smart contact lens market based on type, technology, application, end-use industry, and region:

• Type Outlook (Revenue, USD Billion; 2017-2027)
  • Corrective
  • Therapeutic
  • Lifestyle
• Technology Outlook (Revenue, USD Billion; 2017-2027)
  • Augmented Reality
  • Virtual Reality
• Application Outlook (Revenue, USD Billion; 2017-2027)
  • Continuous Glucose Monitoring
  • Intraocular Pressure Monitoring
  • Others
• End-Use Industry Outlook (Revenue, USD Billion; 2017-2027)
  • Healthcare
  • Automotive
  • Video Game
  • Defence
  • Others

Regions Covered in This Report:

1. North America(U.S., Mexico, and Canada)
2. Asia Pacific(China, Japan, India, and Rest of Asia Pacific)
3. Europe(U.K., Germany, France, and Rest of Europe)
4. Latin America(Brazil and Rest of Latin America)
5. Middle East & Africa(GCC Countries and Rest of Middle East & Africa)

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Key Coverage of the Smart Contact Lens Market:

• Insightful information regarding the global Smart Contact Lens market
• Identification of growth in various segments and sub-segments of the Smart Contact Lens market
• Strategic recommendations for investment opportunities
• The report covers significant statistics related to the industry along with products, applications, price analysis, demand & supply, and production and consumptions rate
• Emerging trends and current market segment analysis to help investors formulate new business strategies
• Accelerates the decision-making process through the availability of the drivers and limitations

Table of Content:

Chapter 1. Methodology & Sources
    1.1. Market Definition
    1.2. Research Scope
    1.3. Methodology
    1.4. Research Sources
          1.4.1. Primary
          1.4.2. Secondary
          1.4.3. Paid Sources
    1.5. Market Estimation Technique
Chapter 2. Executive Summary
    2.1. Summary Snapshot, 2019-2027
Chapter 3. Key Insights
Chapter 4. Smart Contact Lenses Market Segmentation & Impact Analysis
    4.1. Smart Contact Lenses Market Segmentation Analysis
    4.2. Industrial Outlook
          4.2.1. Market indicators analysis
          4.2.2. Market drivers analysis
                    4.2.2.1. Growing demand for effective glaucoma management solutions
                    4.2.2.2. The rising cases of diabetes-related eye problems
                    4.2.2.3. Increasing advanced technology like virtual and augmented reality
          4.2.3. Market restraints analysis
                    4.2.3.1. High cost product
                    4.2.3.2. Extreme competition among leading players
    4.3. Technological Insights
    4.4. Regulatory Framework
    4.5. Porter’s Five Forces Analysis
    4.6. Competitive Metric Space Analysis
    4.7. Price trend Analysis
    4.8. Covid-19 Impact Analysis

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