Silicon Lenses Market, By Type, By Application, By Geography

Description

Global Silicon Lenses Market size was valued at US$ 215.2 Mn in 2022. The market is projected to exhibit a CAGR of 7.5% from 2022 to 2030 to reach US$ 383.8 Mn by 2030.

Report Coverage		Report Details
Base Year:	2022	Market Size in 2023:	US$ 215.2 Mn
Historical Data for:	2018 to 2021	Forecast Period:	2023 - 2030
Forecast Period 2023 to 2030 CAGR:	7.50%	2030 Value Projection:	US$ 383.8 Mn

Figure 1. Global Silicon (Si) Lenses Market, By Region

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.

Product Code: CMI5717

1. Research Objectives and Assumptions

Research Objectives
Assumptions
Abbreviations

2. Market Purview

Report Description
- Market Definition and Scope
Executive Summary
- Market Snippet, By Type
- Market Snippet, By Application
- Market Snippet, By Region
Coherent Opportunity Map (COM)

3. Market Dynamics, Regulations, and Trends Analysis

Market Dynamics
- Drivers
Increasing product approval of contact lenses
Growing application in automotive, medical, aerospace, electronics, construction and food
- Restraints
Complications associated with silicon based contact lenses
- Opportunities
Growing innovation in lens technology
Impact Analysis
Key Highlights
Regulatory Scenario
Product Launches/Approvals
PEST Analysis
PORTER's Analysis
Merger and Acquisition Scenario

4. Global Silicon Lenses Market - Impact of Coronavirus (COVID-19) Pandemic

COVID-19 Epidemiology
Supply Side and Demand Side Analysis
Economic Impact

5. Global Silicon Lenses Market, By Type, (US$ Mn)

Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2023 - 2030
- Segment Trends
Plano-Convex Lenses
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023-2030, (US$ Mn)
Plano-Concave Lenses
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023-2030, (US$ Mn)
Double-Convex Lenses
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023-2030, (US$ Mn)
Double-Concave Lenses
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023-2030, (US$ Mn)
Meniscus Lenses
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023-2030, (US$ Mn)

6. Global Silicon Lenses Market, By Application, 2023-2030, (US$ Mn)

Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2023 - 2030
- Segment Trends
Healthcare
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023-2030, (US$ Mn)
Electronics
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023-2030, (US$ Mn)
Defense
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023-2030, (US$ Mn)
Aerospace
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023-2030, (US$ Mn)
Automotive
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023-2030, (US$ Mn)
Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023-2030, (US$ Mn)

7. Global Silicon Lenses Market , By Region, 2023-2030, (US$ Mn)

Introduction
- Market Share Analysis, By Country, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, For Country 2023 -2030
- Country Trends
North America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Type, 2023-2030, (US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2023-2030, (US$ Mn)
Europe
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Type, 2023-2030, (US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2023-2030, (US$ Mn)
Asia Pacific
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Type, 2023-2030, (US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2023-2030, (US$ Mn)
Latin America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Type, 2023-2030, (US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2023-2030, (US$ Mn)
Middle East & Africa
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Type, 2023-2030, (US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2023-2030, (US$ Mn)

8. Competitive Landscape

Edmund Optics
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Thorlabs
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
ISP Optics Corporation
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
II-VI Incorporated
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
Precision Optical Inc.
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
CVI Laser Optics
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
Newport Corporation
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
LightPath Technologies
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
Sydor Optics
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
Janos Technology LLC
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
Reynard Corporation
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
Shanghai Optics Inc.
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
Knight Optical
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
Rocky Mountain Instrument Co.
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
Shanghai Optics Technology Co., Ltd.
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
Analyst Views

9. Section

Research Methodology
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