Silicon (Si) Lenses Market

Silicon (Si) Lenses Market, By Type (Plano-Convex Lenses, Plano-Concave Lenses, Double-Convex Lenses, Double-Concave Lenses, Meniscus Lenses), By Application (Healthcare, Electronics, Defense, Aerospace, Automotive, Others), And By Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa)- Size, Share, Outlook, and Opportunity Analysis, 2023 - 2030

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 lenses to correct myopia (short-sightedness) and hyperopia (long-sightedness) as well as toric lenses to address astigmatism.

Market Dynamics:

The global contact lens market is expected to grow at a strong pace during the forecast period. This is mainly due to the 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 they have acquired No7 Contact Lenses which designs and manufactures specialty contact lenses distributed primarily in the UK. In addition to this, increase in product approval of contact lenses is anticipated to propel the growth of the market.

However, there are some disadvantages to Silicone (Si) lenses – such as the fact that they 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$ Million) 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 Pfizer Inc., Eli Lilly and Company, Allergan Plc., AstraZeneca Plc., Forest Laboratories Inc., Johnson & Johnson, Lundbeck A/S, Merck & Co., Inc., Otsuka Pharmaceutical Co., Ltd., Sun Pharmaceutical Industries Ltd., Takeda Pharmaceutical Company Limited, Teva Pharmaceutical Industries Ltd., Torrent Pharmaceuticals Ltd., Wyeth Pharmaceuticals Inc., and Zydus Cadila Healthcare 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
• The 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:

• Global Silicon (Si) Lenses Market, By Type

Plano-Convex Lenses

Plano-Concave Lenses

Double-Convex Lenses

Double-Concave Lenses

Meniscus Lenses

• Global Silicon (Si) Lenses Market, By Application

Healthcare

Electronics

Defense

Aerospace

Automotive

Others

• Global Silicon (Si) Lenses Market, By Geography

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.