From GlobeNewswire: 2025-02-20 09:00:00

The Smart Contact Lenses Market was valued at USD 6.33 billion in 2023 and is projected to reach USD 14.94 billion by 2032, with a CAGR of 10.03% from 2024 to 2032. Key players include Mojo Vision, Samsung, and Johnson & Johnson, driving growth in wearable technology and health monitoring applications.

Hydrogel-based smart contact lenses led the market in 2023, with a 45% share, due to their comfort and ability to retain moisture. Sensor-embedded lenses dominated 40% of the market, tracking health parameters like glucose and hydration. Vision correction and medical applications were the primary functionalities, with the medical sector leading at 55%.

North America held the largest market share in 2023, driven by technological adoption and healthcare infrastructure. Asia Pacific is the fastest-growing market, fueled by increasing healthcare systems and rising disposable incomes. XPANCEO, a Dubai-based company, unveiled innovative AR prototypes in October 2024, showcasing the industry’s advancement in smart contact lenses. A new report on smart contact lenses market analysis and outlook for 2024-2032 offers insights into the future of this technology. The report includes statistics on eye disorders, prescription trends, R&D, healthcare spending, and more. It also covers competitive landscape, materials, technology, functionality, applications, regional analysis, company profiles, and best practices.

For a comprehensive understanding of the smart contact lenses market, the report provides detailed information on various key points such as market dynamics impact analysis, statistical insights and trends reporting, consumer preferences, and smart contact lenses in augmented reality and the metaverse. The report aims to equip clients with the knowledge they need to navigate changing market conditions and make informed decisions.

SNS Insider, a leading market research and consulting agency, provides accurate and current market data to help clients make confident decisions. Through surveys, video talks, and focus groups worldwide, SNS Insider aims to offer valuable insights and opinions to clients, enabling them to stay informed and competitive in the ever-evolving market landscape.



Read more at GlobeNewswire: Smart Contact Lenses Market Size Projected to Hit USD 14.94