Smart Contact Lenses Market 2018 to 2023 Outlook | Samsung, Sony, Alcon, Google, Sensimed SA, Etc Players Counting $7.2 Bn in Terms of Revenue
“Smart Contact Lenses Market Research Report – Forecast to 2023” Recently Added in Huge database of MarketResearchFuture.com Report includes complete, professional, and extensive analysis of Smart Contact Lenses Market. key trends, market drivers, standardization, deployment models, challenges, opportunities, circumstances and business competition design is also discussed in the report. The rise in the demand for smart wearable devices has increased the demand for smart contact lenses as well of late. Market focused reports connected to the healthcare sector among others of late have been made accessible by Market Research Future which publishes reports on this industry. The market is projected to touch USD 7.2 billion in terms of revenue by 2023 while growing with a CAGR of approximately 10.4% in the forecast period. The need for continuous monitoring has been a significant factor in the expansion of the market. Moreover, improvement in the end product quality and features have led to the development of the market further. The smart contact lenses are also expected to be used extensively in the augmented reality market, which will be used extensively to stream content. Smart contact lenses also lessen the need for invasive procedures, which are otherwise complicated and painful. The application of smart lenses especially in response to treatment of diabetes is expected to boost the market favorably over the forecast period. Get PDF Sample Copy of Report @ https://www.marketresearchfuture.com/sample_request/1186 . Smart Contact Lenses Industry Update: March 2018 Theraoptix recently took home the MIT Sloan Healthcare Innovation Prize at their annual competition’s and also received a $25,000 grand prize which was sponsored by Optum, a health services firm. The contact lens is made from FDA-approved materials and delivers eye medication in a sustained and controlled release. The lens is sandwiched between contact lens material which is a drug-filled polymer film and shaped into a tiny circular strip that does not interfere with the wearer’s vision. The sandwiching structure allows the drugs to seep from the film into the eye gradually. Smart Contact Lenses Industry Segments The smart contact lenses market globally has been segmented on the basis of the applications of the smart contact lenses which comprises of intraocular pressure monitoring, continuous glucose monitoring, and other applications. The other applications are sodium detection, cholesterol detection, and alcohol detection. The smart contact