United States Next Generation Contact Lenses And Visual Prostheses Market to hit $ 608.0 million by 2031 | Exclusive report by DataIntelligence

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 at a CAGR of 17.7% during the forecast period (2024-2031).

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United States: Recent Industry Developments

✅ In September 2025, Johnson & Johnson Vision launched advanced smart contact lenses with embedded sensors for continuous intraocular pressure monitoring, supporting glaucoma management and early disease detection.

✅ In August 2025, Bausch + Lomb introduced next-generation silicone hydrogel lenses with enhanced oxygen permeability and antimicrobial coatings, improving comfort and eye health for daily wear.

✅ In July 2025, Second Sight Medical Products expanded its visual prosthesis portfolio with retinal implants enabling partial vision restoration for patients with retinitis pigmentosa and other degenerative retinal diseases.

✅ In June 2025, Mojo Vision invested in R&D for micro-LED augmented reality contact lenses that integrate real-time visual data overlays, supporting enhanced vision and accessibility solutions.

Japan: Recent Industry Developments

✅ In September 2025, Menicon launched advanced oxygen-permeable and hydrophilic contact lenses with improved comfort and long-term eye health for Japanese consumers.

✅ In August 2025, Nidek introduced next-generation smart contact lenses with biosensors for ocular health monitoring, supporting early detection of eye disorders.

✅ In July 2025, Canon Medical Systems collaborated on retinal prosthesis development for vision restoration in degenerative eye conditions, advancing assistive visual technologies in Japan.

✅ In June 2025, Seiko Optical invested in R&D for AR-enabled contact lenses and micro-visual prostheses, aiming to enhance visual capabilities and accessibility for patients with severe vision impairment.

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Market Dynamics: Key Growth Drivers and Challenges

The global surge in retinal diseases among the geriatric population is a primary catalyst for market growth. Conditions such as AMD, glaucoma, diabetic retinopathy, and hypertensive retinopathy are increasingly prevalent among older adults, fueling demand for innovative vision-restoring devices. Furthermore, technological innovations in biomaterials, microchips, and AR integration are enhancing the efficiency and usability of contact lenses and visual prostheses.

However, the market faces challenges, notably a shortage of expert ophthalmologists. Residency programs produce approximately 450 new ophthalmologists annually, while 500-550 retire each year, limiting the availability of trained professionals to meet growing demand.

Segmentation Analysis: Product and Disease Focus

The market is primarily segmented by type of product and by type of disease.
From a product perspective, contact lenses dominate the market, holding around 81.3% share in 2024. Their popularity stems from advantages over traditional eye drops, including prolonged medication release, higher bioavailability, fewer side effects, and suitability for long-term ocular therapies. Contact lenses also provide a practical platform for integrating diagnostic sensors and AR capabilities. Visual prostheses, although a smaller segment, are gaining traction for restoring vision in patients with severe retinal degeneration, offering an emerging avenue for innovation and clinical adoption.

Regarding disease-based segmentation, the market addresses glaucoma, diabetes-related eye conditions, AMD, retinitis pigmentosa, and others. Glaucoma remains a leading cause of blindness, especially in the U.S., driving demand for both diagnostic and therapeutic devices. AMD and retinitis pigmentosa are critical targets for visual prostheses, highlighting the role of next-generation devices in improving quality of life for visually impaired patients
Regional Insights: Focus on USA and Japan

North America, particularly the USA, dominates the market with a 42.1% share, attributed to advanced healthcare infrastructure, active participation of regional players, and strong awareness of eye care solutions. Recent developments include the FDA approval of extended-range Acuvue Ability overnight therapeutic lenses by Johnson & Johnson Vision, catering to myopia treatment. The U.S. market is also witnessing strategic mergers and acquisitions, as companies seek to expand their technological capabilities and distribution networks.

Japan represents a dynamic market in Asia-Pacific, with rising geriatric population and increased adoption of technologically advanced ophthalmic devices. Industry trends over the last three months indicate growth in AR-enabled contact lenses and miniaturized visual prostheses, reflecting the country's emphasis on combining healthcare with high-tech solutions.

Competitive Landscape: Leading Market Players

The market is highly competitive, featuring established global and regional players. Among the top five companies, notable contributions include:

Johnson & Johnson - A pioneer in ophthalmic care, Johnson & Johnson Vision recently achieved CE Mark clearance for its ELITA Femtosecond Laser System, enabling precise refractive corrections with the SILK method. Its expansion of the Acuvue Ability overnight lens line reinforces its dominance in therapeutic contact lenses.

NIDEK - Renowned for advanced diagnostic and surgical ophthalmic equipment, NIDEK continues to innovate in visual prostheses and smart lens technologies, addressing both clinical and consumer needs.

Novartis - Through its Alcon subsidiary, Novartis invests heavily in intraocular lenses and vision-restoring devices, focusing on long-term ocular disease management and digital integration for patient monitoring.

Second Sight - Specializing in retinal implants and prostheses, Second Sight is a leader in developing devices that restore functional vision for patients with retinal degenerative disorders, driving the prostheses segment forward.

NJ Retina - NJ Retina focuses on clinical ophthalmology solutions and retinal imaging technologies, enhancing the efficacy of contact lenses integrated with monitoring sensors for glaucoma and diabetic retinopathy patients.

Other prominent players include Interojo, OcuMedic, Bausch & Lomb, Pixium Vision, Menicon, and emerging innovators contributing to the rapid evolution of next-generation contact lenses and visual prostheses.

Technological Innovations: Integrating AR and Sensors

Next-generation devices increasingly feature electronic microchips, biosensors, and AR overlays, enabling real-time health monitoring and interactive experiences. Contact lenses are evolving beyond vision correction, offering capabilities such as intraocular pressure measurement, glucose tracking for diabetic patients, and direct digital notifications. Visual prostheses continue to advance with higher-resolution retinal implants, improved electrode arrays, and more compact designs for user comfort and effectiveness.

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Conclusion: Transforming Vision, Redefining Possibilities

The global next-generation contact lenses and visual prostheses market exemplifies the convergence of healthcare, technology, and patient-centered innovation. With a projected CAGR of 17.7% and a market valuation of US$ 608.0 million by 2031, this sector is set to redefine vision care, offering advanced diagnostic, therapeutic, and prosthetic solutions for millions worldwide. The strategic moves of leading players, combined with emerging technological trends, underscore a promising future where sight restoration and ocular health management reach unprecedented heights.

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