QYResearch: The Global Smart Contact Lenses is expected to reach about 1075.69 M USD by 2022

QYResearch: The Global Smart Contact Lenses is expected to reach about 1075.69 M USD by 2022 Custom Research｜Research Report｜Management Consulting｜Seminar｜Database

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QYResearch

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.

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QYResearch

Compared to 2015, the smart contact lenses of Sensimed AG managed to increase sales by 40.44 percent to 47.98 million USD in worldwide in 2016. Overall, the smart contact lenses performance is positive, despite the weak economic environment.

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.

The key factors driving the growth of the aforementioned industry are product’s high technology content and practical. With the improvement of people's awareness of its applicability, the increased consumption of smart contact lenses are expected to continue during the remaining years of the forecast period of 2017-2022.

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QYResearch

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.

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QYResearch

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.

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