North America Smart Contact Lens Market Growth, Trends, Size, Revenue and Future Competition: SPER Market Research

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Published: May 2023	Report ID: FMCG2351	Pages: 1 - 157	Formats^*:
Category : Consumer & Retail

North America Smart Contact Lens Market Overview

According to SPER Market Research, the North America Smart Contact Lens Market is estimated to reach USD XX billion by 2033 with a CAGR XX%.

Modern wearable technologies like smart contact lenses are revolutionizing how we connect with the outside world. These glasses feature cutting-edge technology including microelectronics and sensors that are flawlessly incorporated into a cozy and understated appearance. They provide real-time information presentation, increasing our visual experience and allowing us to quickly access a plethora of information thanks to their integrated augmented reality features. Smart contact lenses are extremely useful in healthcare applications since they can monitor vital signs, detect glucose levels, and provide targeted medicine therapy. Smart contact lenses have the potential to revolutionize a number of sectors and significantly enhance our daily lives as an unobtrusive and practical wearable.

Exploring the Growth Drivers of the North America Smart Contact Lens Industry

The North America Smart Contact Lens market is predicted to expand significantly due to a number of important factors. First of all, the need for novel solutions like smart contact lenses is being fueled by the rising prevalence of vision-related illnesses and conditions including myopia and presbyopia. A further factor in the industry's expansion is the increasing use of wearable technology as well as the popularity of augmented reality (AR) and virtual reality (VR) applications. The development of smart contact lenses with improved functionality is made possible by improvements in microelectronics, sensors, and wireless communication technologies, appealing both consumers and healthcare professionals.

What challenges does the North America Smart Contact Lens Market face?

The North America smart contact lens market has additional difficulties that could limit its development and uptake. The complicated regulatory environment that surrounds wearable technologies and medical devices is one of the biggest obstacles. Rigid safety and efficacy requirements for smart contact lenses can prolong the approval process and raise development expenses. Due to the collection and transmission of sensitive personal data by smart contact lenses, privacy and data security issues also present difficulties. Gaining customer trust requires ensuring the security of user data and dealing with privacy concerns.

In what ways has the COVID-19 pandemic affected North America Smart Contact Lens Market?

The COVID-19 epidemic has affected the North America smart contact lenses market in both positive and negative ways. On the plus side, interest in contactless technology, such as smart contact lenses, has surged due to the increased focus on personal hygiene and reducing touch with surfaces. Demand for remote healthcare monitoring solutions has increased, and smart contact lenses have gained popularity because of their capacity to track vital signs and identify medical issues from a distance. The pandemic has brought about difficulties as well, though. Product launches and the availability of smart contact lenses have been delayed as a result of disruptions in the global supply chain and production procedures. Individuals and healthcare systems may have been less likely to spend in non-essential healthcare items, such as smart contact lenses, as a result of economic uncertainty and financial restrictions.

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Scope of the Report:

Report Metric	Details
Market size available for years	2019-2033
Base year considered	2022
Forecast period	2023-2033
Segments covered	By Design, By Material, By Application, Usability, By Technology, By Population Type, By End User, By Distribution Channel
Regions covered	Canada, Mexico, United States and rest of North America
Companies Covered	e-Vision Smart Optics, Inc., Innovega Inc., InWith Corp, Medi Print Ophthalmics, RaayonNova LLC, Samsung, Sensimed AG, Others

Key Target Audience

Academic and Research Institutions
Healthcare Providers and Professionals
Investors and Venture Capitalists
Market Research Firms
Medical Device Manufacturers
Regulatory Authorities

North America Smart Contact Lens Market Segmentation:

1. By Design:

North America Smart Contact Lens Market Value Share and Forecast, By Design, 2023-2033
Diagnostic Sensor Integrated Contact Lens
Drug Eluding Contact Lenses
Electrochemical Contact Lens Sensors
Fluorescence-based Contact Lenses
Light Diffractive Contact Lenses
Micro-LED Display Contact Lens
Photodetector Contact Lenses
Others

2. By Materials:

North America Smart Contact Lens Market Value Share and Forecast, By Materials, 2023-2033
Poly (2-Hydroxyl Methacrylate)
Polyacrylamide (PA)
Polydimethylsiloxane (PDMS)
Polyethylene Terephthalate (PET)
Polyvinyl Alcohol (PVA)
Other

3. By Application:

North America Smart Contact Lens Market Value Share and Forecast, By Application, 2023-2033
Monitoring
Therapeutics
Other Applications

4. By Usability:

North America Smart Contact Lens Market Value Share and Forecast, By Usability, 2023-2033
Extended Use
Single Use

5. By Region:

Canada
Mexico
United States
Rest of North America

Key Topics Covered in the Report

North America Smart Contact Lens Market Size (FY’2023-FY’2033)
Overview of North America Smart Contact Lens Market
Segmentation of North America Smart Contact Lens Market By Design (Diagnostic Sensor Integrated Contact Lens, Drug Eluding Contact Lenses, Electrochemical Contact Lens Sensors, Fluorescence-based Contact Lenses, Light Diffractive Contact Lenses, Micro-LED Display Contact Lens, Photodetector Contact Lenses, Others)
Segmentation of North America Smart Contact Lens Market By Materials (Poly 2-Hydroxyl Methacrylate, Polyacrylamide, Polydimethylsiloxane, Polyethylene Terephthalate, Polyvinyl Alcohol, Other)
Segmentation of North America Smart Contact Lens Market By Application (Monitoring, Therapeutics, Other Applications)
Segmentation of North America Smart Contact Lens Market By Usability (Extended Use, Single Use)
Segmentation of North America Smart Contact Lens Market By Technology (Colorimetric based Sensing Technology, Electrochemical-based Technologies, Fluorescence-based Sensing Technology, Holographic Sensing Technology, Other)
Segmentation of North America Smart Contact Lens Market By Population Type (Adult, Geriatric, Pediatric)
Segmentation of North America Smart Contact Lens Market By End User (Eye Hospital, Homecare Setting, Ophthalmology Clinics, Other)
Segmentation of North America Smart Contact Lens Market By Distribution Channel (Eye Care Practitioners, Online Stores, Retail Stores, Other)
Statistical Snap of North America Smart Contact Lens Market
Growth Analysis of North America Smart Contact Lens Market
Problems and Challenges in North America Smart Contact Lens Market
Competitive Landscape in the North America Smart Contact Lens Market
Impact of COVID-19 and Demonetization on North America Smart Contact Lens Market
Details on Recent Investment in North America Smart Contact Lens Market
Competitive Analysis of North America Smart Contact Lens Market
Key Players in the North America Smart Contact Lens Market
SWOT Analysis of North America Smart Contact Lens Market
North America Smart Contact Lens Market Future Outlook and Projections (FY’2023-FY’2033)
Recommendations from Analyst

1. Introduction

1.1. Scope of the report
1.2. Market segment analysis

2. Research Methodology

2.1. Research data source

2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPER’s internal database
2.1.4. Premium insight from KOL’s

2.2. Market size estimation

2.2.1. Top-down and Bottom-up approach

2.3. Data triangulation

3. Executive Summary

4. Market Dynamics

4.1. Driver, Restraint, Opportunity and Challenges analysis

4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges

4.2. COVID-19 Impacts of the North America Smart Contact Lens Market

5. Market variable and outlook

5.1. SWOT Analysis

5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats

5.2. PESTEL Analysis

5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape

5.3. PORTER’s Five Forces

5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry

5.4. Heat Map Analysis

6. Competitive Landscape

6.1. North America Smart Contact Lens Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in North America Smart Contact Lens Market

7. North America Smart Contact Lens Market, By Design (USD Million)

7.1. North America Smart Contact Lens Market Value Share and Forecast, By Design, 2023-2033
7.2. Diagnostic Sensor Integrated Contact Lens
7.3. Drug Eluding Contact Lenses
7.4. Electrochemical Contact Lens Sensors
7.5. Fluorescence-based Contact Lenses
7.6. Light Diffractive Contact Lenses
7.7. Micro-LED Display Contact Lens
7.8. Photodetector Contact Lenses
7.9. Others

8. North America Smart Contact Lens Market, By Materials (USD Million)

8.1. North America Smart Contact Lens Market Value Share and Forecast, By Materials, 2023-2033
8.2. Poly (2-Hydroxyl Methacrylate)
8.3. Polyacrylamide (PA)
8.4. Polydimethylsiloxane (PDMS)
8.5. Polyethylene Terephthalate (PET)
8.6. Polyvinyl Alcohol (PVA)
8.7. Other

9. North America Smart Contact Lens Market, By Application (USD Million)

9.1. North America Smart Contact Lens Market Value Share and Forecast, By Application, 2023-2033
9.2. Monitoring
9.3. Therapeutics
9.4. Other Applications

10. North America Smart Contact Lens Market, By Usability (USD Million)

10.1. North America Smart Contact Lens Market Value Share and Forecast, By Usability, 2023-2033
10.2. Extended Use
10.3. Single Use

11. North America Smart Contact Lens Market, By Technology (USD Million)

11.1. North America Smart Contact Lens Market Value Share and Forecast, By Technology, 2023-2033
11.2. Colorimetric based Sensing Technology
11.3. Electrochemical-based Technologies
11.4. Fluorescence-based Sensing Technology
11.5. Holographic Sensing Technology
11.6. Other

12. North America Smart Contact Lens Market, By Population Type (USD Million)

12.1. North America Smart Contact Lens Market Value Share and Forecast, By Population Type, 2023-2033
12.2. Adult
12.3. Geriatric
12.4. Pediatric

13. North America Smart Contact Lens Market, By End User (USD Million)

13.1. North America Smart Contact Lens Market Value Share and Forecast, By End User, 2023-2033
13.2. Eye Hospital
13.3. Homecare Setting
13.4. Ophthalmology Clinics
13.5. Other

14. North America Smart Contact Lens Market, By Distribution Channel (USD Million)

14.1. North America Smart Contact Lens Market Value Share and Forecast, By Distribution Channel, 2023-2033
14.2. Eye Care Practitioners
14.3. Online Stores
14.4. Retail Stores
14.5. Other

15. North America Smart Contact Lens Market Forecast, 2019-2033 (USD Million)

15.1. North America Smart Contact Lens Market Size and Market Share

16. North America Smart Contact Lens Market, By Design, 2019-2033 (USD Million)

16.1. North America Smart Contact Lens Market Size and Market Share by Design (2019-2026)
16.2. North America Smart Contact Lens Market Size and Market Share by Design (2027-2033)

17. North America Smart Contact Lens Market, By Materials, 2019-2033 (USD Million)

17.1. North America Smart Contact Lens Market Size and Market Share by Materials (2019-2026)
17.2. North America Smart Contact Lens Market Size and Market Share by Materials (2027-2033)

18. North America Smart Contact Lens Market, By Application, 2019-2033 (USD Million)

18.1. North America Smart Contact Lens Market Size and Market Share by Application (2019-2026)
18.2. North America Smart Contact Lens Market Size and Market Share by Application (2027-2033)

19. North America Smart Contact Lens Market, By Usability, 2019-2033 (USD Million)

19.1. North America Smart Contact Lens Market Size and Market Share by Usability (2019-2026)
19.2. North America Smart Contact Lens Market Size and Market Share by Usability (2027-2033)

20. North America Smart Contact Lens Market, By Technology, 2019-2033 (USD Million)

20.1. North America Smart Contact Lens Market Size and Market Share by Technology (2019-2026)
20.2. North America Smart Contact Lens Market Size and Market Share by Technology (2027-2033)

21. North America Smart Contact Lens Market, By Population Type, 2019-2033 (USD Million)

21.1. North America Smart Contact Lens Market Size and Market Share by Population Type (2019-2026)
21.2. North America Smart Contact Lens Market Size and Market Share by Population Type (2027-2033)

22. North America Smart Contact Lens Market, By End User, 2019-2033 (USD Million)

22.1. North America Smart Contact Lens Market Size and Market Share by End User (2019-2026)
22.2. North America Smart Contact Lens Market Size and Market Share by End User (2027-2033)

23. North America Smart Contact Lens Market, By Distribution Channel, 2019-2033 (USD Million)

23.1. North America Smart Contact Lens Market Size and Market Share by Distribution Channel (2019-2026)
23.2. North America Smart Contact Lens Market Size and Market Share by Distribution Channel (2027-2033)

24. North America Smart Contact Lens Market, By Region, 2019-2033 (USD Million)

24.1. North America Smart Contact Lens Market Size and Market Share by Region (2019-2026)
24.2. North America Smart Contact Lens Market Size and Market Share by Region (2027-2033)
24.3. Canada
24.4. Mexico
24.5. United States
24.6. Rest of North America

25. Company Profile

25.1. e-Vision Smart Optics, Inc.

25.1.1. Company details
25.1.2. Financial outlook
25.1.3. Product summary
25.1.4. Recent developments

25.2. Innovega Inc.

25.2.1. Company details
25.2.2. Financial outlook
25.2.3. Product summary
25.2.4. Recent developments

25.3. InWith Corp

25.3.1. Company details
25.3.2. Financial outlook
25.3.3. Product summary
25.3.4. Recent developments

25.4. Medi Print Ophthalmics

25.4.1. Company details
25.4.2. Financial outlook
25.4.3. Product summary
25.4.4. Recent developments

25.5. RaayonNova LLC

25.5.1. Company details
25.5.2. Financial outlook
25.5.3. Product summary
25.5.4. Recent developments

25.6. Samsung

25.6.1. Company details
25.6.2. Financial outlook
25.6.3. Product summary
25.6.4. Recent developments

25.7. Sensimed AG

25.7.1. Company details
25.7.2. Financial outlook
25.7.3. Product summary
25.7.4. Recent developments

25.8. Others

26. List of Abbreviations

27. Reference Links

28. Conclusion

29. Research Scope

SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.

The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.

SPER-Methodology-1

SPER-Methodology-2

SPER-Methodology-3

Frequently Asked Questions About This Report

How big is the North America Smart Contact Lens Market?

North America Smart Contact Lens Market is projected to reach USD XX billion by 2033, growing at a CAGR of XX% during the forecast period.

What is the growth rate of the North America Smart Contact Lens Market?

North America Smart Contact Lens Market grew in market size from 2022. The Market is expected to reach USD XX billion by 2033, at a CAGR of XX% during the forecast period.

What is the anticipated CAGR of the North America Smart Contact Lens Market?

North America Smart Contact Lens Market CAGR of XX% during the forecast period.

How can I get a sample report on the North America Smart Contact Lens Market?

You can get the sample pages by clicking the link - Click Here

What is the market size of the North America Smart Contact Lens Market?

North America Smart Contact Lens Market size is USD XX billion from 2023 to 2033.

Which segment is expected to North America Smart Contact Lens Market?

North America Smart Contact Lens Market Segment is covered By Design, By Material, By Application, Usability, By Technology, By Population Type, By End User, By Distribution Channel.

Which region is expected to have the highest market share in the North America Smart Contact Lens Market?

The North America region is anticipated to have the highest market share in the North America Smart Contact Lens Market.

Who are the key players in North America Smart Contact Lens Market?

The key players in the market include Companies Covered e-Vision Smart Optics, Inc., Innovega Inc., InWith Corp, Medi Print Ophthalmics, RaayonNova LLC, Samsung, Sensimed AG, Others.

What is the conclusion of the North America Smart Contact Lens Market?

They provide real-time information presentation, increasing our visual experience and allowing us to quickly access a plethora of information thanks to their integrated augmented reality features.