Contact Lenses Market Size, Share, By Material (Hybrid Lens, Silicone Hydrogel Lenses, PMMA Lenses, Soft Lenses, and Others), Design (Spherical, Toric, Multifocal, and Monovision), Application (Vision Correction, Eye Conditions, and Cosmetic Use), Distrib

Smart Contact Lenses Market, By Type (Daily-Wear Soft Lenses, Extended- Wear Lenses, Rigid Gas- Permeable (RGP) Lenses, and Extended- Wear Disposable Lenses), By Product Type (Disposable Type and Frequent Replacement Type), By Application (Intraocular Pressure Monitoring and Continuous Glucose Monitoring), By End-User Type (Clinics, Home Care Settings, and Hospitals), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2030

Medical imaging seeks to reveal internal structures hidden by the skin and bones and to diagnose and treat diseases. Medical imaging also establishes a database of normal anatomy and physiology to make it possible to identify abnormalities. With the increase in need of imaging systems for precision in detecting and treating diseases, the need for medical/diagnostic imaging market is also increasing.

The Smart Contact Lenses Market accounted for US$ 159.09 million in 2020 and is estimated to be US$ 916.17 million by 2030 and is anticipated to register a CAGR of 10.40%. Aesthetics and cosmetics are the most motivating factors for people that want to avoid wearing glasses or to vary the looks or color of their eyes. Others wear contact lenses for functional or optical reasons. In comparison with spectacles, contact lenses typically provide better sight, and don't collect moisture (from rain, snow, condensation, etc.) or perspiration. This will make them preferable for sports and other outdoor activities. Contact wearers also can wear sunglasses, goggles, or other eyewear of their choice without having to suit them with prescription lenses or worry about compatibility with glasses. Additionally, there are conditions like keratoconus and aniseikonia that are typically corrected better with contact lenses than with glasses.

The report “Global Smart Contact Lenses Market, By Type (Daily-Wear Soft Lenses, Extended- Wear Lenses, Rigid Gas- Permeable (RGP) Lenses, and Extended- Wear Disposable Lenses), By Product Type (Disposable Type and Frequent Replacement Type), By Application (Intraocular Pressure Monitoring and Continuous Glucose Monitoring), By End-User Type (Clinics, Home Care Settings, and Hospitals), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2030”

Key Highlights:

In August 2019, Samsung Electronics Co. Ltd. patented smart contact lenses that lets having controlling over phone by blinking.

On 26th of July 2021, INMO announced its latest innovation on the crowd funding platform Indiegogo. INMO Air is a pair of wireless lightweight AR smart glasses that delivers a completely hands-free connection between technology and real life.

Analyst View:

Smart Contact Lenses can control the myopia which is the propelling factor for the growth of global market. Furthermore, during the physical and sports activities the lenses are better for vision instead of eyeglasses which is expected to drive the target market growth over the forecast period. Smart contact lenses improve the vision by eliminating the spectacles which is the another fueling factor for the growth of target market. In addition, the smart contact lenses are worn for the aesthetic use which is the major boosting factor for the growth of global market.

Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on “Global Smart Contact Lenses Market, By Type (Daily-Wear Soft Lenses, Extended- Wear Lenses, Rigid Gas- Permeable (RGP) Lenses, and Extended- Wear Disposable Lenses), By Product Type (Disposable Type and Frequent Replacement Type), By Application (Intraocular Pressure Monitoring and Continuous Glucose Monitoring), By End-User Type (Clinics, Home Care Settings, and Hospitals), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2030”

Key Market Insights from the report:

The Global Smart Contact Lenses Market accounted for US$ 159.09 million in 2020 and is estimated to be US$ 916.17 million by 2030 and is anticipated to register a CAGR of 10.40%. The global smart contact lenses market report segments the market on the basis of type, product type, application, end-user type, and region.

Based on type, the Global Smart Contact Lenses Market is segmented into the Daily-Wear Soft Lenses, Extended- Wear Lenses, Rigid Gas- Permeable (RGP) Lenses, and Extended- Wear Disposable Lenses.

Based on product type, the Global Smart Contact Lenses Market is segmented into the Disposable Type and Frequent Replacement Type.

Based on application, the Global Smart Contact Lenses Market is segmented into Intraocular Pressure Monitoring and Continuous Glucose Monitoring.

Based on end-user, the Global Smart Contact Lenses Market is segmented into Clinics, Home Care Settings, and Hospitals.

By region, the Global Smart Contact Lenses Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is expected to dominate the global smart contact lenses market owing to rising demand for smart contact lenses.

Key Benefits of Purchasing This Report

Gain valuable insights into revenue projections for the overall market and its sub-segments, benefiting industry leaders and new entrants.

Enhance your understanding of the competitive landscape to refine business positioning and optimize go-to-market strategies.

Stay informed on the latest trends in the Smart Contact Lenses Market, including key drivers, challenges, opportunities, and barriers.

Segmentation:

Global Smart Contact Lenses Market, By Product Type, 2020 – 2030, (US$ Mn)

Overview Disposable Type and Frequent Replacement Type

Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030

Y-o-Y Growth Analysis (%), 2020 – 2030

Segment Trends

Disposable Type

Overview

Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030

Frequent Replacement Type

Overview

Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030

Global Smart Contact Lenses Market, By Application, 2020 – 2030, (US$ Mn)

Overview

Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030

Y-o-Y Growth Analysis (%), 2020 – 2030

Segment Trends

Intraocular Pressure Monitoring

Overview

Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030

Continuous Glucose Monitoring

Overview

Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030

Global Smart Contact Lenses Market, By End-User, 2020 – 2030, (US$ Mn)

Overview

Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030

Y-o-Y Growth Analysis (%), 2020 – 2030

Segment Trends

Clinics

Overview

Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030

Home Care Settings

Overview

Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030

Hospitals

Overview

Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030

Global Smart Contact Lenses Market, By Region, 2020 – 2030, (US$ Mn)

Overview

Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030

Y-o-Y Growth Analysis (%), 2020 – 2030

Regional Trends

North America

Market Size and Forecast (US$ Mn), By Type, 2020 – 2030

Market Size and Forecast (US$ Mn), By Product Type, 2020 – 2030

Market Size and Forecast (US$ Mn), By Application, 2020 – 2030

Market Size and Forecast (US$ Mn), By End-User, 2020 – 2030

Market Size and Forecast (US$ Mn), By Country, 2020 – 2030

U.S.

Canada

Europe

Market Size and Forecast (US$ Mn), By Type, 2020 – 2030

Market Size and Forecast (US$ Mn), By Product Type, 2020 – 2030

Market Size and Forecast (US$ Mn), By Application, 2020 – 2030

Market Size and Forecast (US$ Mn), By End-User, 2020 – 2030

Market Size and Forecast (US$ Mn), By Country, 2020 – 2030

UK

France

Germany

Russia

Italy

Rest of Europe

Asia Pacific

Market Size and Forecast (US$ Mn), By Type, 2020 – 2030

Market Size and Forecast (US$ Mn), By Product Type, 2020 – 2030

Market Size and Forecast (US$ Mn), By Application, 2020 – 2030

Market Size and Forecast (US$ Mn), By End-User, 2020 – 2030

Market Size and Forecast (US$ Mn), By Country, 2020 – 2030

India

Japan

South Korea

China

Rest of Asia Pacific

Latin America

Market Size and Forecast (US$ Mn), By Type, 2020 – 2030

Market Size and Forecast (US$ Mn), By Product Type, 2020 – 2030

Market Size and Forecast (US$ Mn), By Application, 2020 – 2030

Market Size and Forecast (US$ Mn), By End-User, 2020 – 2030

Market Size and Forecast (US$ Mn), By Country, 2020 – 2030

Brazil

Mexico

Rest of Latin America

Middle East & Africa

Market Size and Forecast (US$ Mn), By Type, 2020 – 2030

Market Size and Forecast (US$ Mn), By Product Type, 2020 – 2030

Market Size and Forecast (US$ Mn), By Application, 2020 – 2030

Market Size and Forecast (US$ Mn), By End-User, 2020 – 2030

Market Size and Forecast (US$ Mn), By Country, 2020 – 2030

GCC

Israel

South Africa

Rest of Middle East

Competitive Landscape:

Sensimed AG

Google Inc.

Alcon laboratories Inc.

Samsung Electronics Co. Ltd.

Innovega Inc.

Novartis AG

Bausch & Lomb Inc.

Sony Electronics Inc

Sensimed SA

Johnson & Johnson Surgical Vision Inc

Key Questions Answered in This Report

1. What was the size of the Smart Contact Lenses Market in 2024?

2. What is the expected growth rate of the Smart Contact Lenses Market during 2025-2035?

3. What are the key factors driving the Smart Contact Lenses Market?

4. What is the breakup of the Smart Contact Lenses Market based on the distribution channel?

5. What are the key regions in the Smart Contact Lenses Market?

6. Who are the key players/companies in the Smart Contact Lenses Market?

7. What are the drivers, restraints, and opportunities in the Smart Contact Lenses Market?