The global Smart Contact Lens Market is anticipated to reach USD 12.52 Billion by 2027, according to a new report by Emergen Research. The Smart Contact Lens market is forecasted to grow significantly, owing to the growing demand for wearable medical appliances for the constant monitoring health condition of patients. The technological development in smart contact lens to diminish vision difficulties in humans and the increasing rate of geriatric people also propels market growth. The rising interest in smart medical gadgets among youth attracts them towards smart contact lenses.

Market Size – USD 9.51 Billion in 2019, Market Growth - CAGR of 12.5%, Market Trends –Surging demand for female contraceptives

Some Key Highlights from the Report

• The corrective smart contact lenses will witness a significant market growth in the anticipated period owing to the comfortability and availability of fashionable color lenses. The therapeutic smart contact lenses will also experience steady growth with a CAGR of 11.3% in the forecasted timeframe.
• The increasing growth of 3D movies and gaming with the integration of virtual and augmented reality will enhance the smart contact lens market. On the other side, the feature like realtime stress reading of eye due to these advanced technologies would help doctors deliver better treatments.
• The continuous glucose monitoring smart contact lens comprises a sensor and wireless microchip to check physical issues like glucose concentrations in the tears of a diabetic patient and inner pressure of glaucoma. Implementaion of these sensors are creating a demand for the segment.

Emergen Research has segmented the global smart contact lens market based on type, technology, application, end-use industry, and region:

Technology Outlook (Revenue, USD Billion; 2017-2027)

• Augmented Reality
• Virtual Reality

Application Outlook (Revenue, USD Billion; 2017-2027)

• Continuous Glucose Monitoring
• Intraocular Pressure Monitoring
• Others

End-Use Industry Outlook (Revenue, USD Billion; 2017-2027)

• Healthcare
• Automotive
• Video Game
• Defence
• Others

Regional Outlook (Revenue, USD Billion; 2017-2027)

• North America
  • S
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • South Korea
  • India
  • Rest of APAC

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