Updated 2025 Market Reports Released: Trends, Forecasts to 2034 – Early Purchase Your Competitive Edge Today!

How has the smart contact lenses market size evolved in recent years?

The smart contact lenses market has experienced rapid growth in recent years and is forecasted to expand from $5.25 billion in 2024 to $5.87 billion in 2025, reflecting a CAGR of 11.9%. Key factors contributing to growth include the rising prevalence of vision-related disorders, increasing demand for real-time health monitoring, greater awareness of smart contact lenses’ benefits, expanding applications in healthcare, and intensified research and development activities.

What are the predictions for the smart contact lenses market size in the coming years?

The smart contact lenses market is projected to grow rapidly, reaching $8.61 billion in 2029 with a CAGR of 10.0%. Growth drivers include demand for personalized healthcare, an aging population with rising eye disorders, wearable device adoption, non-invasive health monitoring interest, and emerging market potential. Trends include AR/VR integration, microelectronics advancements, ongoing innovation in smart lenses, enhanced connectivity features, and IoT integration.

Get your smart contact lenses market report here!

https://www.thebusinessresearchcompany.com/report/smart-contact-lenses-global-market-report

What key factors are fueling the growth of the smart contact lenses market?

The smart contact lens market is anticipated to grow due to the rising incidence of glaucoma. This medical condition consists of a set of eye diseases marked by an increase in intraocular pressure, causing damage to the optic nerve and potentially leading to blindness if not addressed in a timely manner. The use of smart contact lenses can improve the management of glaucoma by continually monitoring intraocular pressure, thereby offering continuous data that aids in better disease management and early intervention. For instance, in October 2022, the BrightFocus Foundation, a nonprofit organization based in the United States, reported that there are approximately 80 million people worldwide currently diagnosed with glaucoma and this is projected to rise to over 111 million by the year 2040. Thus, the surging prevalence of glaucoma is set to spur the expansion of the smart contact lens market.

How is the global smart contact lenses market divided into key segments?

The smart contact lenses market covered in this report is segmented –

1) By Type: Daily Wear Soft Lenses, Extended-Wear, Planned Replacement, Rapid Gas Permeable (RGP), Other Types

2) By Application: Intraocular Pressure Monitoring, Continuous Glucose Monitoring

3) By End User: Hospitals, Ophthalmology Clinics, Other End Users

Subsegments:

1) By Daily Wear Soft Lenses: Daily Disposable Lenses, Weekly Disposable Lenses, Monthly Disposable Lenses

2) By Extended-Wear: Continuous Wear Lenses, Extended Wear Soft Lenses

3) By Planned Replacement: Biweekly Lenses, Monthly Lenses

4) By Rapid Gas Permeable (RGP): Traditional RGP Lenses, Specialty RGP Lenses

5) By Other Types: Scleral Lenses, Orthokeratology Lenses, Multifocal Lenses

Get your free sample now – explore exclusive market insights:

https://www.thebusinessresearchcompany.com/sample.aspx?id=13932&type=smp

Who are the key firms paving the way for growth in the smart contact lenses market?

Major companies operating in the smart contact lenses market report are Google LLC, Johnson & Johnson, Huawei Technologies Co., Ltd, Hitachi Ltd., Sony Group Corporation, International Business Machines Corporation, Samsung Electronics Co Ltd, Novartis AG, Liner Technologies Inc., STMicroelectronics N.V., Alcon Vision LLC, Interuniversity Microelectronics Centre, Atmel Corporation, Optical Technology Inc., Luxexcel, Innovega Inc., In With Corporation, EP Global Communications Inc., Azalea Vision, MediPrint Ophthalmic, Tissot Medical Research SA

Which trends are expected to transform the smart contact lenses market?

Prominent firms in the smart contact lens market are pioneering innovative technologies, such as augmented reality contact lenses, to provide customers with enhanced features. These lenses function as wearable technology, embedding augmented reality features directly into the contact lenses. To illustrate, in March 2022, Mojo Vision, a company based in the US known for creating high-performance micro-LED display technology, developed the Mojo Lens. This product, as conceptualized by the company, is designed to usher invisible computing into reality. This groundbreaking smart contact lens prototype includes multiple cutting-edge hardware components and technologies effortlessly merged into the lens structure, improving its display, communication capabilities, eye tracking features, and power system. Interestingly, this latest evolution includes primary operating system code and user experience elements for the first time, indicating significant potential for comprehensive development and testing of key customer and partner applications.

Unlock exclusive market insights – purchase your research report now for a swift delivery!

https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=13932

What regions are contributing significantly to the growth of the smart contact lenses market?

North America was the largest region in the smart contact lenses market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the smart contact lenses market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Browse Through More Similar Reports By The Business Research Company:

Smart Watch Global Market Report 2024

https://www.thebusinessresearchcompany.com/report/smart-watch-global-market-report

Smart Air Purifier Global Market Report 2024

https://www.thebusinessresearchcompany.com/report/smart-air-purifier-global-market-report

Smart Life Sciences Manufacturing Global Market Report 2024

https://www.thebusinessresearchcompany.com/report/smart-life-sciences-manufacturing-global-market-report

About The Business Research Company:

With over 15000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead in the game.

Contact us at:

The Business Research Company: https://www.thebusinessresearchcompany.com/

Americas +1 3156230293

Asia +44 2071930708

Europe +44 2071930708

Email us at [email protected]

Follow us on:

LinkedIn: https://in.linkedin.com/company/the-business-research-company

YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ

Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model

Found this article helpful? Share it on: