The Next Generation Contact Lenses And Visual Prostheses Market Is Projected To Grow At An Annualized Rate Of 52%-


The next generation contact lenses and visual prostheses market is projected to grow at an annualized rate of 52%-

Roots Analysis has done a detailed study on “Next Generation Contact Lenses and Visual Prostheses Market, 2019-2030.”, covering key aspects of the industry’s evolution and identifying potential future growth opportunities.


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Key Market Insights

  • Over 55 novel ophthalmic products are currently available / being developed for various therapeutic, diagnostic & monitoring and drug delivery applications; their growing popularity is evident across social media as well
  • The current market landscape features both industry and non-industry players across the world, having proprietary products in different stages of development
  • The introduction of bionic eyes has revolutionized the treatment landscape; with three products already in the market, several players are engaged in the development of such solutions
  • Case Study: In order to increase the adoption of marketed products, companies have developed and implemented a diverse range of promotional strategies
  • Partnership activity across the globe is indicative of the increasing interest of stakeholders in developing novel products for use in treating ophthalmic disorders
  • In fact, close to 7,500 patents covering innovative contact lens technologies have been granted / filed in the given time period, significantly strengthening the intellectual capital in this domain
  • A number of prominent scientists from renowned universities, owing to their involvement in clinical development efforts, have emerged as key opinion leaders
  • The market is poised to grow at a steady pace as stakeholders tap the multi-billion potential in the coming decade; the opportunity is likely to be well distributed across various products, target indications and regions
  • In the long term, the opportunity is likely to be segmented across diverse therapeutic modalities, immune checkpoint targets and routes of administration


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Contact Details

Gaurav Chaudhary

+1 (415) 800 3415


Keywords: healthcare,biotech,pharma,roots analysis,research


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