Title: Smart Contact Lens Market -Global Industry analysis and forecast 2018- 2025
1Smart Contact Lens Market -Global Industry
analysis and forecast 2018- 2025
Smart Contact Lens Market, By Application
(Continuous Glucose Monitoring, Intraocular
Pressure Monitoring) By End Users (Hospital
Clinics, Home Care Settings and others), By
Geography (North America, South America, Europe,
Asia-Pacific, Middle East and Africa) Industry
Trends and Forecast to 2025
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2Report Description
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. The upcoming
market report contains data for historic years
2014 2015, the base year of calculation is 2016
and the forecast period is 2018 to 2025. 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.
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3Major Key Players
- Some of the major players operating in this
market are - Linear Technologies
- NXP Semiconductor
- InvenSense
- Knowles
- Analog Devices
- Texas Instruments
- STMicroelectronics
- Hitachi
- Nanomix
- Murata Manufacturing
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4Market Segmentation
- By Application (Continuous Glucose Monitoring,
Intraocular Pressure Monitoring) - By End Users (Hospital Clinics, Home Care
Settings and others)
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5Regional Analysis
- Based on geography, the market is segmented into
five geographical regions - North America
- Europe
- Asia-Pacific
- South America
- Middle East
- Africa
6About Data Bridge Market Research
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