Next Generation Contact Lenses And Visual Prostheses Market: Key Players, Technologies & Revenue Analysis US$ 608.0Mn By 2031

The Global Next Generation Contact Lenses And Visual Prostheses Market reached US$ 172.5 million in 2022 and is projected to witness lucrative growth by reaching up to US$ 608.0 million by 2031.

Next Generation Contact Lenses and Visual Prostheses Market Report by DataM Intelligence delivers deep insights and analysis into the latest market trends, growth opportunities, and emerging challenges. Designed to help businesses make smarter, faster decisions, our reports combine both data-driven analysis and expert perspectives. At DataM Intelligence, we're committed to turning complex market landscapes into clear, actionable strategies so you can stay competitive, grow confidently, and seize the right opportunities in a rapidly changing world.

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Next Generation Contact Lenses are smart or augmented lenses embedded with microelectronics, sensors, drug delivery systems, or AR/VR capabilities, aimed at correcting vision, monitoring health conditions (like glucose levels), or providing digital overlays for augmented reality experiences.

Visual Prostheses, also known as bionic eyes, are implantable medical devices that interface with the visual system (such as the retina or visual cortex) to restore partial vision to individuals who are blind or severely visually impaired due to retinal degeneration or other vision-loss conditions.

List of the Key Players in the Next Generation Contact Lenses and Visual Prostheses Market:

Johnson & Johnson, NIDEK, Novartis, Second Sight, NJ Retina, Interojo, OcuMedic, Bausch & Lomb, Pixium Vision, Menicon, and others.

➠ Latest News:

Scientists Develop Super Vision Contact Lens & Bionic Eye Implants for Vision Restoration

✦ Breakthrough: New contact lenses allow users to "see" even with their eyes closed using neural interfacing.

✦ Bionic eye implants developed to restore vision in patients with severe visual impairment or blindness.

✦ These technologies combine AI, neuroscience, and bioengineering for real-time image processing.

✦ Potential to revolutionize treatment for degenerative eye diseases and redefine human vision capabilities.

Industry Development:

In March 2023, Johnson & Johnson Vision announced that its next-generation laser vision correction system, the ELITA Femtosecond Laser System, had received CE Mark clearance. This advanced system enables surgeons to perform the SILK (Smooth Incision Lenticule Keratomileusis) procedure-a novel lenticular approach for correcting myopia, with or without astigmatism. According to the company, the ELITA system delivers ultra-precise laser pulses and features a rapid delivery mechanism, creating an exceptionally smooth corneal surface and significantly simplifying lenticule removal.

In January 2023, Lumus, a leader in reflective waveguide technology for augmented reality (AR) eyewear, introduced its second-generation Z-Lens 2D waveguide architecture. Building upon the earlier 2D Maximus, this innovation supports the development of smaller, lighter AR glasses with high-resolution imaging, outdoor-ready brightness, and seamless prescription lens integration. The new technology was officially showcased for the first time at CES 2023.

Research Process:

Both primary and secondary data sources have been used in the global Next Generation Contact Lenses and Visual Prostheses Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.

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Segment Covered in the Next Generation Contact Lenses and Visual Prostheses Market:

By type of product: Contact lens, Visual prostheses

By type of diseases: Glaucoma, Diabetes, AMD, Retinitis pigmentosa and others

Regional Analysis for Next Generation Contact Lenses and Visual Prostheses Market:

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

Benefits of the Report:

➡ A descriptive analysis of demand-supply gap, market size estimation, SWOT analysis, PESTEL Analysis and forecast in the global market.

➡ Top-down and bottom-up approach for regional analysis

➡ Porter's five forces model gives an in-depth analysis of buyers and suppliers, threats of new entrants & substitutes and competition amongst the key market players.

➡ By understanding the value chain analysis, the stakeholders can get a clear and detailed picture of this Market

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People Also Ask:

➠ What is the global sales, production, consumption, import, and export value of the Next Generation Contact Lenses and Visual Prostheses market?

➠ Who are the leading manufacturers in the global Next Generation Contact Lenses and Visual Prostheses industry? What is their operational status in terms of capacity, production, sales, pricing, costs, gross margin, and revenue?

➠ What opportunities and challenges do vendors in the global Next Generation Contact Lenses and Visual Prostheses industry face?

➠ Which applications, end-users, or product types are expected to see growth? What is the market share for each type and application?

➠ What are the key factors and limitations affecting the growth of the Next Generation Contact Lenses and Visual Prostheses market?

➠ What are the various sales, marketing, and distribution channels in the global industry?

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