Market Overview:
The global next generation contact lenses and visual prostheses market is expected to grow at a CAGR of 10.8% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing prevalence of eye disorders, rising awareness about advanced contact lens products, and technological advancements in the field of ophthalmology. The next generation contact lenses and visual prostheses market can be segmented on the basis of type into therapeutic contact lenses, drug-eluting contact lenses, diagnostic monitoring contact lenses, and visual prostheses. The therapeutic segment is expected to account for the largest share of the global next generation contacts lens and visual prosthesis market in 2018 owing to increasing demand for corrective vision devices among consumers across the globe. The drug-eluting segment is projected to grow at a high CAGR during the forecast period due to growing demand for extended wear contacts that release drugs over an extended period of time. On basis application ,the therapeutics application dominates with highest revenue share followed by Drug Delivery then Diagnosis/Monitoring .Therapeutic applications are further sub divided into Corrective Lenses (CL), Intraocular Lenses (IOLs), Contact Lens Solutions (CLS) whereas Drug Delivery Applications are further sub divided into Ocular Therapeutics Drugs Delivery Systems (OTDDS)and Non-Ocular Therapeutics Drugs Delivery Systems(NOTDDS).
Product Definition:
Next Generation Contact Lenses and Visual Prostheses are devices that improve or restore vision. They may include contact lenses, eyeglasses, and prosthetic eyes. Next Generation Contact Lenses and Visual Prostheses are important because they improve the quality of life for people who have difficulty seeing.
Therapeutic Contact Lenses:
Therapeutic contact lenses are specially designed to replace or support the natural lens in the eye. They are used for treating a variety of conditions such as nearsightedness, farsightedness, and astigmatism. Therapeutic contact lenses can be used for therapeutic purposes by patients who have undergone cataract surgery or suffered from other vision-related disorders.
Drug-eluting Contact Lenses:
Drug-eluting contact lenses are a type of soft contact lens that contains an anti-inflammatory drug and/or an anti-bacterial agent. These agents reduce the chances of bacterial infection in the eye, which is usually associated with daily wear contacts. The main purpose of these lenses is to prevent or decrease inflammation and pain caused by everyday wear lenses. They also provide extended comfort for longer periods as compared to daily wear contacts, thus providing higher patient compliance owing to its prolonged effectivity.
Application Insights:
Based on application, the global next generation contact lenses and visual prostheses market is segmented into therapeutic, drug delivery, diagnosis/monitoring and others. The therapeutic application segment dominated the overall market in terms of revenue share in 2017. This can be attributed to an increase in demand for soft contact lenses that are used for treating a variety of ocular conditions including myopia (near-sightedness), hyperopia (farsightedness), astigmatism (distorted vision at all distances due to irregularly shaped cornea) and presbyopia.
The drug delivery application segment is expected to witness significant growth over the forecast period owing to an increase in demand for long-lasting batteries with improved energy density that can be used with implanted medical devices such as insulin pumps or cardiac pacemakers. Moreover, this will also help reduce dependency on external power sources resulting in increased convenience along with cost savings over time.
Regional Analysis:
North America dominated the global next-generation contact lenses and visual prosthetics market in 2017. This can be attributed to increasing R&D investments by governments, high adoption of advanced technologies, presence of well-established healthcare infrastructure and favorable reimbursement policies & regulatory reforms. In addition, rising prevalence of ophthalmic disorders is expected to drive the demand for advanced treatment options such as NGCs/VPSs in North America during the forecast period.
Asia Pacific is anticipated to witness lucrative growth over the forecast period owing to factors such as improving healthcare facilities due to government initiatives and expansion in insurance coverage due to changes in regulations & policies by governments across various countries. Moreover, increasing disposable income levels are also expected drive regional growth during the forecast period. The market for next-generation contact lenses and visual prosthetics in Asia Pacific region is highly fragmented with players operating only in Japan or China or India etc.
Growth Factors:
- Increasing demand for advanced contact lenses and visual prostheses due to the growing prevalence of eye disorders.
- Rising awareness about the benefits of next generation contact lenses and visual prostheses among consumers.
- Technological advancements in the design and manufacturing of next generation contact lenses and visual prostheses that offer better performance, comfort, and aesthetics.
- Growing demand for customized contact lenses and visual prostheses to address specific needs of individual patients.
Scope Of The Report
Report Attributes
Report Details
Report Title
Next Generation Contact Lenses and Visual Prostheses Market Research Report
By Type
Therapeutic Contact Lenses, Drug-eluting Contact Lenses, Diagnostic Monitoring Contact Lenses, Visual Prostheses
By Application
Therapeutic, Drug Delivery, Diagnosis / Monitoring
By Companies
Abbott, Bionic Sight, Alden Optical, Allergan, Applied Genetic Technologies
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
238
Number of Tables & Figures
167
Customization Available
Yes, the report can be customized as per your need.
Global Next Generation Contact Lenses and Visual Prostheses Market Report Segments:
The global Next Generation Contact Lenses and Visual Prostheses market is segmented on the basis of:
Types
Therapeutic Contact Lenses, Drug-eluting Contact Lenses, Diagnostic Monitoring Contact Lenses, Visual Prostheses
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
Therapeutic, Drug Delivery, Diagnosis / Monitoring
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:
- Abbott
- Bionic Sight
- Alden Optical
- Allergan
- Applied Genetic Technologies
Highlights of The Next Generation Contact Lenses and Visual Prostheses 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:
- Therapeutic Contact Lenses
- Drug-eluting Contact Lenses
- Diagnostic Monitoring Contact Lenses
- Visual Prostheses
- By Application:
- Therapeutic
- Drug Delivery
- Diagnosis / Monitoring
- 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 Next Generation Contact Lenses and Visual Prostheses 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
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- Consumer Insights
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- Product & Brand Management
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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?
Next Generation Contact Lenses and Visual Prostheses are contact lenses and prosthetic devices that use advanced optics to improve vision. They can be used to correct nearsightedness, farsightedness, astigmatism, and other vision problems. Next Generation Contact Lenses and Visual Prostheses may also be used for cosmetic purposes.
Some of the major companies in the next generation contact lenses and visual prostheses market are Abbott, Bionic Sight, Alden Optical, Allergan, Applied Genetic Technologies.
The next generation contact lenses and visual prostheses market is expected to register a CAGR of 10.8%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Next Generation Contact Lenses and Visual Prostheses Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Next Generation Contact Lenses and Visual Prostheses Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Next Generation Contact Lenses and Visual Prostheses Market - Supply Chain
4.5. Global Next Generation Contact Lenses and Visual Prostheses Market Forecast
4.5.1. Next Generation Contact Lenses and Visual Prostheses Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Next Generation Contact Lenses and Visual Prostheses Market Size (000 Units) and Y-o-Y Growth
4.5.3. Next Generation Contact Lenses and Visual Prostheses Market Absolute $ Opportunity
5. Global Next Generation Contact Lenses and Visual Prostheses Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Next Generation Contact Lenses and Visual Prostheses Market Size and Volume Forecast by Type
5.3.1. Therapeutic Contact Lenses
5.3.2. Drug-eluting Contact Lenses
5.3.3. Diagnostic Monitoring Contact Lenses
5.3.4. Visual Prostheses
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Next Generation Contact Lenses and Visual Prostheses Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Next Generation Contact Lenses and Visual Prostheses Market Size and Volume Forecast by Application
6.3.1. Therapeutic
6.3.2. Drug Delivery
6.3.3. Diagnosis / Monitoring
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Next Generation Contact Lenses and Visual Prostheses Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Next Generation Contact Lenses and Visual Prostheses Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Next Generation Contact Lenses and Visual Prostheses Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Next Generation Contact Lenses and Visual Prostheses Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Next Generation Contact Lenses and Visual Prostheses Demand Share Forecast, 2019-2026
9. North America Next Generation Contact Lenses and Visual Prostheses Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Next Generation Contact Lenses and Visual Prostheses Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Next Generation Contact Lenses and Visual Prostheses Market Size and Volume Forecast by Application
9.4.1. Therapeutic
9.4.2. Drug Delivery
9.4.3. Diagnosis / Monitoring
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Next Generation Contact Lenses and Visual Prostheses Market Size and Volume Forecast by Type
9.7.1. Therapeutic Contact Lenses
9.7.2. Drug-eluting Contact Lenses
9.7.3. Diagnostic Monitoring Contact Lenses
9.7.4. Visual Prostheses
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Next Generation Contact Lenses and Visual Prostheses Demand Share Forecast, 2019-2026
10. Latin America Next Generation Contact Lenses and Visual Prostheses Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Next Generation Contact Lenses and Visual Prostheses Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Next Generation Contact Lenses and Visual Prostheses Market Size and Volume Forecast by Application
10.4.1. Therapeutic
10.4.2. Drug Delivery
10.4.3. Diagnosis / Monitoring
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Next Generation Contact Lenses and Visual Prostheses Market Size and Volume Forecast by Type
10.7.1. Therapeutic Contact Lenses
10.7.2. Drug-eluting Contact Lenses
10.7.3. Diagnostic Monitoring Contact Lenses
10.7.4. Visual Prostheses
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Next Generation Contact Lenses and Visual Prostheses Demand Share Forecast, 2019-2026
11. Europe Next Generation Contact Lenses and Visual Prostheses Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Next Generation Contact Lenses and Visual Prostheses Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Next Generation Contact Lenses and Visual Prostheses Market Size and Volume Forecast by Application
11.4.1. Therapeutic
11.4.2. Drug Delivery
11.4.3. Diagnosis / Monitoring
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application 11.7. Europe Next Generation Contact Lenses and Visual Prostheses Market Size and Volume Forecast by Type
11.7.1. Therapeutic Contact Lenses
11.7.2. Drug-eluting Contact Lenses
11.7.3. Diagnostic Monitoring Contact Lenses
11.7.4. Visual Prostheses
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Next Generation Contact Lenses and Visual Prostheses Demand Share, 2019-2026
12. Asia Pacific Next Generation Contact Lenses and Visual Prostheses Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Next Generation Contact Lenses and Visual Prostheses Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Next Generation Contact Lenses and Visual Prostheses Market Size and Volume Forecast by Application
12.4.1. Therapeutic
12.4.2. Drug Delivery
12.4.3. Diagnosis / Monitoring
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Next Generation Contact Lenses and Visual Prostheses Market Size and Volume Forecast by Type
12.7.1. Therapeutic Contact Lenses
12.7.2. Drug-eluting Contact Lenses
12.7.3. Diagnostic Monitoring Contact Lenses
12.7.4. Visual Prostheses
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Next Generation Contact Lenses and Visual Prostheses Demand Share, 2019-2026
13. Middle East & Africa Next Generation Contact Lenses and Visual Prostheses Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Next Generation Contact Lenses and Visual Prostheses Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Next Generation Contact Lenses and Visual Prostheses Market Size and Volume Forecast by Application
13.4.1. Therapeutic
13.4.2. Drug Delivery
13.4.3. Diagnosis / Monitoring
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Next Generation Contact Lenses and Visual Prostheses Market Size and Volume Forecast by Type
13.7.1. Therapeutic Contact Lenses
13.7.2. Drug-eluting Contact Lenses
13.7.3. Diagnostic Monitoring Contact Lenses
13.7.4. Visual Prostheses
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Next Generation Contact Lenses and Visual Prostheses Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Next Generation Contact Lenses and Visual Prostheses Market: Market Share Analysis
14.2. Next Generation Contact Lenses and Visual Prostheses Distributors and Customers
14.3. Next Generation Contact Lenses and Visual Prostheses Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Abbott
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Bionic Sight
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Alden Optical
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Allergan
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Applied Genetic Technologies
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. COMPANY6
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. COMPANY7
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. COMPANY8
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
