Silicon Lenses Market, By Type (Plano-Convex Lenses, Plano-Concave Lenses, Double-Convex Lenses, Double-Concave Lenses, and Meniscus Lenses), By Application (Healthcare, Electronics, Defense, Aerospace, Automotive, and Others), By Geography (North America

Silicon Lenses Market, By Type (Plano-Convex Lenses, Plano-Concave Lenses, Double-Convex Lenses, Double-Concave Lenses, and Meniscus Lenses), By Application (Healthcare, Electronics, Defense, Aerospace, Automotive, and Others), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)

Silicon lenses are a type of soft contact lens that allow up to five times more oxygen to permeate the cornea than traditional hydrogel lenses. This allows patients to wear their contacts for longer periods of time without experiencing discomfort from dry eyes, and may even reduce the risk of eye infections. Silicone lenses are available in sphere shape to correct myopia (short-sightedness) and hyperopia (long-sightedness) as well as toric lenses to address astigmatism.

Market Dynamics:

Global Silicone lenses market is expected to witness growth at a strong pace during the forecast period due to increase in number of developments strategies like product launch and acquisition by different contact lenses industry players. For instance, in April 2021, Cooper Vision, a globally recognized manufacturer of contact lenses, announced that it had acquired No7 Contact Lenses, a company that designs and manufactures specialty contact lenses distributed primarily in the U.K. Increasing product approval of contact lenses is anticipated to propel the growth of the market. Silicone hydrogel lenses allow significantly more oxygen to reach the cornea compared to regular hydrogel lenses. This feature is crucial for maintaining eye health and comfort, especially during extended wear, as it helps prevent conditions such as hypoxia.

However, there are some disadvantages to silicone (Si) lenses such as these tend to be harder, and have a higher modulus than regular hydrogels, and can therefore create greater shear forces during wear. This can cause a build-up of protein deposits, eye irritation and other complications. This factor is expected to hamper the market growth.

Key features of the study:

• This report provides in-depth analysis of the global silicon (Si) lenses market, and provides market size (US$ Mn) and compound annual growth rate (CAGR%) for the forecast period (2023–2030), considering 2022 as the base year
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global silicon (Si) lenses market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
• Key companies covered as a part of this study include Edmund Optics, Thorlabs, ISP Optics Corporation, II-VI Incorporated, Precision Optical Inc., CVI Laser Optics, Newport Corporation, LightPath Technologies, Sydor Optics, Janos Technology LLC, Reynard Corporation, Shanghai Optics Inc., Knight Optical, Rocky Mountain Instrument Co., Shanghai Optics Technology Co., Ltd.
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
• Global silicon (Si) lenses market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global silicon (Si) lenses market

Detailed Segmentation:

• By Type
• Plano-Convex Lenses
• Plano-Concave Lenses
• Double-Convex Lenses
• Double-Concave Lenses
• Meniscus Lenses
• By Application
• Healthcare
• Electronics
• Defense
• Aerospace
• Automotive
• Others
• By Region
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa
• Company Profiles
• Edmund Optics
• Thorlabs
• ISP Optics Corporation
• II-VI Incorporated
• Precision Optical Inc.
• CVI Laser Optics
• Newport Corporation
• LightPath Technologies
• Sydor Optics
• Janos Technology LLC
• Reynard Corporation
• Shanghai Optics Inc.
• Knight Optical
• Rocky Mountain Instrument Co.
• Shanghai Optics Technology Co., Ltd.