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Smart Contact Lenses Market Share

Report ID: GMI7538
Published Date: Nov 2023
Report Format: PDF

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Smart Contact Lenses Market Share

The smart contact lenses industry is fragmented in nature, with a number of small and mid-sized companies developing new products. This fragmentation is due to the fact that the technology is still in its early stages of development, and there is no single dominant player in the market. However, this fragmentation is also a barrier to entry for new players, as it can be difficult to compete with established companies that have a lot of resources.

Some of the eminent market participants operating in the smart contact lenses industry include:

Sensimed
Innovega Inc.
InWith Corporation
Johnson & Johnson Services Inc.
Samsung Electronics Co., Ltd.
Sony Group Corporation
RaayonNova LLC
Azalea Vision
EP Global Communications, Inc.
GlakoLens Biyomedikal Biyoteknoloji San. ve Tic. A.S.

Authors: Mariam Faizullabhoy, Gauri Wani

Frequently Asked Questions (FAQ) :

Smart contact lenses industry size was USD 329.5 million in 2022 and is estimated to surpass USD 1.4 billion by 2032 attributed to the surging demand for continuous health monitoring and the expanding aging population worldwide

The daily-wear soft lenses type segment reached USD 155.8 million in 2022 due to the reduced risk of infection associated with improper cleaning and storage practices.

The poly (2-hydroxyethyl methacrylate) (PHEMA) material segment held over 33% of the smart contact lenses market share in 2022 and is anticipated to witness robust growth through 2032 owing to advantages, such as minimized risk of irritation, discomfort, and adverse reactions

Some of the major smart contact lenses providers are Sensimed, Innovega Inc., InWith Corporation, Johnson & Johnson Services Inc., Samsung Electronics Co., Ltd., Sony Group Corporation, RaayonNova LLC, Azalea Vision, and EP Global Communications, Inc.