The global smart contact lens market is anticipated to grow at a considerable CAGR of 25.5% during the forecast period. The key factor augmenting the market growth includes the increasing use of new technologies including smart contact lenses and others that capture images and store data and give driving directions, among others. Key market players are rapidly integrating new technologies with image intensifiers that support the treatment of various health problems such as diabetes, glaucoma, and many others which is further anticipated to drive the market growth. Some of the recent launches include-
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- In March 2022, Johnson & Johnson Vision Care, Inc., received U.S. Food and Drug Administration (FDA) approval for its ACUVUE Theravision with Ketotifen (etafilcon A drug-eluting contact lens with ketotifen).
- In March 2022, Mojo Vision launched, a new prototype of Mojo Lens augmented reality contact lenses and it includes new hardware features and new technologies that are kept directly into the lenses and developments of invisible computing.
- In January 2022, Mojo Vision partnered with sports and fitness brands such as Adidas Running, Trailforks, and Wearable X and among others to improve athletes’ access to in the moment or during data performance.
- In August 2021, Alcon launched Precision1 SiHy daily disposable lens that uses water gradient technology similar to their Dailies Total1. This new technology is featured a Smart surface that allows for a 51% SiHy core surrounded by a highly wet table hydrogel polymer layer.
- In January 2021, InWith Corporation at CES 2021 patented a configuration to enable developers to place augmented vision display chip applications into any soft hydrogel contact lenses. It enables multiple developers to create displays and ophthalmic improvement applications for contact lenses and adopt the latest AR/XR visual applications to give better sight to people who suffer from Myopia or Presbyopia.
Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
o By Type
o By Application
o By End-User
- Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
- Competitive Landscape- Alcon Vision LLC, Google Inc., Innovega Inc., Johnson & Johnson Services, Inc., Mojo Vision Inc., Novartis International AG, Sensimed AG, and others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Smart Contact Lens Market Report Segment
By Type
- Extended Wear
- Daily Wear Soft Lenses
- Planned Replacement
- Extended Wear Disposable
- Rapid Gas Permeable (RGP)
- Others
By Applications
- Continuous Glucose Monitoring,
- Intraocular Pressure Monitoring
- Photochromic Lenses
- Others
By End User
- Hospital and Clinics
- Home Care Settings
- Others
A full report of Smart Contact Lens Market is available at: https://www.omrglobal.com/industry-reports/smart-contact-lens-market
Global Smart Contact Lens Market Report by Region
North America
- United States
- Canada
Europe
- Germany
- United Kingdom
- France
- Spain
- Italy
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
Rest of the World
- Middle East & Africa
- Latin America
Company Profiles
- Hitachi, Ltd.
- InWith Corp.
- Jilin Henghua Optoelectronics Co., Ltd.
- Jobson Medical Information LLC
- Johnson & Johnson Services, Inc.
- Linear Technologies, Inc.
- Mojo Vision Inc.
- MUHWA INDUSTRIAL CO., LTD.
- Murata Manufacturing Co., Ltd.
- NXP Semiconductors
- Panasonic Group
- POG Präzisionsoptik Gera GmbH
- Red Ventures, LLC
- Samsung Electronics
- Sigma Telecom
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- We cover more than 15 major industries, further segmented into more than 90 sectors.
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