Market Overview:
The global silicon hydrogel market is expected to grow at a CAGR of 7.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for contact lenses, especially daily disposable contact lenses and monthly disposable contact lenses. In addition, the growing awareness about eye care and rising income levels are also contributing to the growth of this market. On the basis of type, the global silicon hydrogel market is segmented into daily disposable contacts, monthly disposable contacts and yearly disposable contacts. The daily disposable contacts segment is expected to grow at a CAGR of 8% from 2018 to 2030 due to their high convenience quotient and increasing demand from consumers across all regions.
Product Definition:
A silicon hydrogel is a water-containing polymer that contains silicon atoms. Silicon hydrogels are important because they can be used to make contact lenses and other medical devices.
Daily Contacts:
The global daily contacts market is expected to witness significant growth over the forecast period owing to its increasing usage in silicon hydrogel applications. The demand for silicon hydrogel is growing rapidly due to its rising use in various industries such as medical, food packaging, and automotive. It possesses a unique combination of properties such as water resistance & high porosity which makes it an attractive material for these application segments.
Monthly Contacts:
Monthly contacts are small hydrogel particles that are used as a scaffold to grow the tissue-like structure of the skin. They have an average particle size of around 5 microns and can be easily incorporated into the skin with a topical solution. The growing demand for silicon hydrogels in various applications such as drug delivery, tissue engineering, bio-implantable devices is expected to drive market growth over the forecast period.
Application Insights:
The application segment includes contact lenses, without vision correction and with vision correction. With vision correction held the largest market share of more than 60% in 2017. The daily contacts are most commonly used for daily wear as well as for sports activities or work related tasks where eyesight is crucial. The monthly contacts are most commonly used by people who have astigmatism, myopia or hyperopia because these types of lenses correct the optical errors such as nearsightedness, farsightedness and hyperopia respectively.
The yearly contacts are most commonly used by people who have a strong prescription because these types of hydrogel lens can be worn for longer periods without any discomfort caused due to them getting accustomed to the new environment every time they change their eye position which eventually results in lessens sensitivity towards blurring when looking at distant objects through computer screens etc.
Regional Analysis:
Asia Pacific is expected to be the fastest growing regional market with a CAGR of XX% from 2018 to 2030 owing to increasing disposable income, rising population, and improved living standards. The high growth rate in Asia Pacific can be attributed to the presence of a large number of manufacturers in countries such as China and India. In addition, an increase in per capita healthcare expenditure coupled with government initiatives for creating awareness regarding cosmetic surgeries will boost demand for silicon hydrogel products over the forecast period.
Europe was estimated as the second largest regional market in 2017 due to high demand from U.K.
Growth Factors:
- Increasing demand for contact lenses and other ophthalmic products
- Rising awareness about the benefits of silicon hydrogel contact lenses
- Growing number of people with vision problems
- Technological advancements in the field of ophthalmology 5. Increasing demand from emerging markets
Scope Of The Report
Report Attributes
Report Details
Report Title
Silicon Hydrogel Market Research Report
By Type
Daily Contacts, Monthly Contacts, Yearly Contacts
By Application
With Vision Correction, Without Vision Correction
By Companies
CIBAVision, Johnson and Johnson, Alcon, CooperVision, Bausch+Lomb, Miacare, CIBAVision
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
237
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global Silicon Hydrogel Market Report Segments:
The global Silicon Hydrogel market is segmented on the basis of:
Types
Daily Contacts, Monthly Contacts, Yearly Contacts
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
With Vision Correction, Without Vision Correction
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- CIBAVision
- Johnson and Johnson
- Alcon
- CooperVision
- Bausch+Lomb
- Miacare
- CIBAVision
Highlights of The Silicon Hydrogel Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Daily Contacts
- Monthly Contacts
- Yearly Contacts
- By Application:
- With Vision Correction
- Without Vision Correction
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Silicon Hydrogel Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Silicon hydrogel is a type of material that is made up of tiny silicon spheres that are interconnected by a network of water molecules. This network makes the silicon hydrogel extremely flexible and able to absorb large amounts of water, which makes it an excellent candidate for use in medical applications such as wound healing and artificial joints.
Some of the major companies in the silicon hydrogel market are CIBAVision, Johnson and Johnson, Alcon, CooperVision, Bausch+Lomb, Miacare, CIBAVision.
The silicon hydrogel market is expected to register a CAGR of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Silicon Hydrogel Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Silicon Hydrogel Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Silicon Hydrogel Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Silicon Hydrogel Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Silicon Hydrogel Market Size & Forecast, 2018-2028
4.5.1 Silicon Hydrogel Market Size and Y-o-Y Growth
4.5.2 Silicon Hydrogel Market Absolute $ Opportunity
Chapter 5 Global Silicon Hydrogel Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Silicon Hydrogel Market Size Forecast by Type
5.2.1 Daily Contacts
5.2.2 Monthly Contacts
5.2.3 Yearly Contacts
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Silicon Hydrogel Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Silicon Hydrogel Market Size Forecast by Applications
6.2.1 With Vision Correction
6.2.2 Without Vision Correction
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Silicon Hydrogel Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Silicon Hydrogel Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Silicon Hydrogel Analysis and Forecast
9.1 Introduction
9.2 North America Silicon Hydrogel Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Silicon Hydrogel Market Size Forecast by Type
9.6.1 Daily Contacts
9.6.2 Monthly Contacts
9.6.3 Yearly Contacts
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Silicon Hydrogel Market Size Forecast by Applications
9.10.1 With Vision Correction
9.10.2 Without Vision Correction
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Silicon Hydrogel Analysis and Forecast
10.1 Introduction
10.2 Europe Silicon Hydrogel Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Silicon Hydrogel Market Size Forecast by Type
10.6.1 Daily Contacts
10.6.2 Monthly Contacts
10.6.3 Yearly Contacts
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Silicon Hydrogel Market Size Forecast by Applications
10.10.1 With Vision Correction
10.10.2 Without Vision Correction
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Silicon Hydrogel Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Silicon Hydrogel Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Silicon Hydrogel Market Size Forecast by Type
11.6.1 Daily Contacts
11.6.2 Monthly Contacts
11.6.3 Yearly Contacts
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Silicon Hydrogel Market Size Forecast by Applications
11.10.1 With Vision Correction
11.10.2 Without Vision Correction
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Silicon Hydrogel Analysis and Forecast
12.1 Introduction
12.2 Latin America Silicon Hydrogel Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Silicon Hydrogel Market Size Forecast by Type
12.6.1 Daily Contacts
12.6.2 Monthly Contacts
12.6.3 Yearly Contacts
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Silicon Hydrogel Market Size Forecast by Applications
12.10.1 With Vision Correction
12.10.2 Without Vision Correction
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Silicon Hydrogel Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Silicon Hydrogel Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Silicon Hydrogel Market Size Forecast by Type
13.6.1 Daily Contacts
13.6.2 Monthly Contacts
13.6.3 Yearly Contacts
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Silicon Hydrogel Market Size Forecast by Applications
13.10.1 With Vision Correction
13.10.2 Without Vision Correction
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Silicon Hydrogel Market: Competitive Dashboard
14.2 Global Silicon Hydrogel Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 CIBAVision
14.3.2 Johnson and Johnson
14.3.3 Alcon
14.3.4 CooperVision
14.3.5 Bausch+Lomb
14.3.6 Miacare
14.3.7 CIBAVision
