Prominent Smart Contact Lenses Market Trend for 2025: Increasing Focus On Smart Clocks With Wireless Charging Technology

Which drivers are expected to have the greatest impact on the over the smart contact lenses market's growth?
The surging incidence of glaucoma is predicted to fuel the progression of the smart contact lens market. Glaucoma encompasses a range of eye-related problems typified by heightened intraocular pressure (pressure within the eye) that could potentially harm the optic nerve, causing vision impairment or even total blindness if not managed. The application of smart contact lenses plays a beneficial role in glaucoma control, enabling the constant supervision of intraocular pressure and continuous data provision which aids in effective disease control and timely intervention. For example, as per data from the BrightFocus Foundation, a non-profit organization based in the US, about 80 million people globally are currently diagnosed with glaucoma. This is projected to escalate to over 111 million by 2040. Consequently, the mounting prevalence of glaucoma is anticipated to stimulate the expansion of the smart contact lens market.

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What is the future CAGR of the smart contact lenses market, and how will it impact industry expansion?
The market for smart contact lenses has seen a speedy expansion in recent years. The market size is projected to rise from $5.25 billion in 2024 to $5.87 billion in 2025, indicating a compound annual growth rate (CAGR) of 11.9%. The historical growth can be credited to the rising prevalence of visual disorders and eye conditions, growing need for instant health monitoring and diagnostic solutions, increased knowledge about the advantages of smart contact lenses, broadening use in healthcare and medical diagnostic fields, and an upswing in research and development activities.

There will be a swift expansion in the smart contact lenses industry over the next few years, with its market size estimated to hit $8.61 billion in 2029, at a compound annual growth rate (CAGR) of 10.0%. The surge during the projected period can be linked to the emerging demand for customized healthcare services, escalating geriatric population along with age-associated eye conditions, and rising adoption of health and lifestyle wearable devices. There's also an increasing interest in non-invasive strategies for health vigilance, and untapped possibilities in developing regions and emergent markets. The key trends predicted during the forecast span include the incorporation of augmented reality (AR) and virtual reality (VR) technologies, advancements in microelectronics and downsizing technologies, ongoing improvement in the smart contact lenses technology, and improved features of connectivity including IoT integration.

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What are the most significant trends transforming the smart contact lenses market today?
Leaders in the smart contact lens sector, such as major firms, are focusing efforts towards the advancement of technology like augmented reality contact lenses to provide customers with cutting-edge features. These lenses, a form of wearable tech, incorporate augmented reality capabilities right into the lenses that sit on the user's eye. For instance, Mojo Vision, a US-based firm specialising in high-performance micro-LED display technologies, launched Mojo Lens in March 2022. The company's ambition for the Mojo Lens is to merge invisible computing with reality. This pioneering smart contact lens model marries a variety of unique hardware components and technologies within the lens structure, thereby enhancing display, communication, eye tracking, and battery functions. Importantly, this recent development integrates key operating system code and user experience facets for the first time, thereby establishing the groundwork for substantial development and trial of vital consumer and partner use cases.

Which key market segments comprise the smart contact lenses market and drive its revenue growth?
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

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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.

Who are the leading players fueling 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

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What Is Covered In The Smart Contact Lenses Global Market Report?

•Market Size Forecast: Examine the smart contact lenses market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the smart contact lenses market for a structured understanding.
•Key Players Overview: Analyze major players in the smart contact lenses market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the smart contact lenses market.
•Segment Contributions: Evaluate how different segments drive overall growth in the smart contact lenses market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the smart contact lenses market.
•Industry Challenges: Identify potential risks and obstacles affecting the smart contact lenses market.
•Competitive Landscape: Review strategic developments in the smart contact lenses market, including expansions, agreements, and new product launches.

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