Smart Contact Lenses Market By Type (Electrodes-Based Lenses, Sensors-Based Lenses), By Application (Continuous Glucose Monitoring, Intraocular Pressure Monitoring), By End-User (Hospitals, Clinics), By Region-Industry Analysis, Share, Growth, Regional Outlook and Forecasts, 2025-2034

Smart Contact Lenses Market Size and Growth

The smart contact lenses market size was exhibited at USD 6.78 billion in 2024 and is projected to hit around USD 16.66 billion by 2034, growing at a CAGR of 9.4% during the forecast period 2025 to 2034.

Smart Contact Lenses Market Key Takeaways:

• Global Smart Contact Lenses Market is segmented by Type, Application, End-User and region.
• Based on type, the photochromic lens segment dominated the market.
• Based on the end user, The segment of ophthalmology clinics dominated the market.

Smart contact lenses are designed to measure glucose levels in tears and monitor intraocular pressure. These lenses integrate a glucose sensor and a wireless chip, which are embedded between the soft lens layers through a small opening, facilitating the flow of tears for data collection and measurement. The wireless chip transmits real-time data to connected devices, utilizing RFID technology to derive power from these devices. Widely recognized as a healthcare innovation, smart contact lenses are particularly beneficial for diabetic patients, assisting in fitness assessment, blood pressure monitoring, body temperature regulation, and cholesterol level tracking.

The smart contact lenses market is expanding at a rapid pace, driven by increasing healthcare awareness and the growing adoption of wearable medical technologies. Additionally, market growth is fueled by the rising prevalence of chronic diseases and an aging global population.

The surge in glaucoma cases, a rising elderly population affected by presbyopia (age-related farsightedness), and the increasing demand for advanced and efficient glaucoma management technologies—offering real-time, non-invasive glucose monitoring for diabetic patients—are significant factors contributing to market expansion. According to the American Diabetes Association, individuals with diabetes are 40% more likely to develop glaucoma and 60% more likely to develop cataracts compared to non-diabetic individuals, with the risk further increasing with age.

These factors, along with continuous advancements in smart contact lens technology and substantial investments from industry stakeholders, are expected to propel market trends in the near future. Furthermore, rising health consciousness across all age groups, coupled with ongoing digital technology advancements, is anticipated to drive market growth. However, the high cost associated with acquiring these lenses remains a major challenge, limiting affordability for a broader consumer base and potentially hindering market expansion.

Report Scope of Smart Contact Lenses Market

Smart Contact Lenses Market Segments Analysis

Global Smart Contact Lenses Market is segmented by Type, Application, End-User and region. Based on Type, the market is segmented into Electrodes-Based Lenses, Sensors-Based Lenses and Other. Based on Application, the market is segmented into Continuous Glucose Monitoring, Intraocular Pressure Monitoring and Others. Based on End-User, the market is segmented into Hospitals, Clinics, Homecare Settings and Others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.

Smart Contact Lenses Market Analysis by Type

Among the different types, the photochromic lens segment holds a dominant position in the market. This dominance is primarily due to ongoing technological innovations and the launch of new products by industry players. Meanwhile, the Other category—including glucose-monitoring lenses, MojoVision lenses, and CatsVision lenses—is projected to witness a significant CAGR during the forecast period. Leading companies such as Samsung, MojoVision, and Sony are actively engaged in developing these next-generation contact lenses for various healthcare applications. This continuous advancement is expected to drive demand for these lenses and contribute to overall market expansion.

Smart Contact Lenses Market Analysis by End User

In terms of end users, the ophthalmology clinics segment leads the market. The growing number of specialized ophthalmology clinics that provide smart contact lenses is a key driver of this segment’s growth. Additionally, patient preference for ophthalmology clinics when seeking smart contact lenses further accelerates this trend.

On the other hand, the homecare segment is expected to experience the fastest growth during the forecast period. This surge is driven by a shift in patient behavior, with more individuals opting for self-care and home-based healthcare solutions instead of frequent visits to clinics.

Smart Contact Lenses Market Regional Insights

North America

North America is poised for substantial growth in the coming years, driven by large-scale investments in smart contact lens development, heightened consumer awareness, and the presence of key industry players offering advanced products. Additionally, the region benefits from a well-established healthcare infrastructure and high healthcare expenditure per capita, both of which are expected to propel market expansion.

Europe

European market players across various countries are increasing their investments and fostering technological advancements in the smart contact lens sector. This strategic focus is expected to drive market growth, enhance competition, and strengthen Europe’s position in the global landscape.

Asia-Pacific

The Asia-Pacific region is anticipated to witness substantial market growth in the coming years. Over the past decade, the rising incidence of chronic conditions such as diabetes has created new opportunities for market expansion. Moreover, the increasing awareness of advanced smart lenses across the region's economies is further contributing to market development.

Some of the prominent players in the Smart Contact Lenses Market include:

• Roche (Switzerland)
• GE Healthcare (United States)
• Abbott Laboratories (United States)
• Philips Healthcare (Netherlands)
• Danaher Corporation (United States)
• Quest Diagnostics (United States)
• Fujifilm Medical (Japan)
• Becton, Dickinson and Company (United States)
• Siemens Healthineers (Germany)
• Hologic Inc. (United States)
• Grifols (Spain)
• Beckman Coulter (United States)
• bioMérieux (France)
• Thermo Fisher Scientific (United States)
• PerkinElmer (United States)
• Illumina (United States)
• Agilent Technologies (United States)
• Bio-Rad Laboratories (United States)
• Merck Group (Germany)

Recent Advancements in the Smart Contact Lenses Market

Mojo Vision’s Advanced Lens Prototype

• Mojo Vision introduced a new prototype of the Mojo Lens, which features the smallest and most high-density dynamic display in the world.
  
  
• The lens also offers low-latency connectivity and an eye-controlled user interface, enhancing its usability.

Johnson & Johnson’s Medication-Infused Contact Lens

• Johnson & Johnson pioneered the development of the first contact lens capable of drug delivery directly into the eye.
  The lens, which contains antihistamine ketotifen, received FDA approval in March 2022.

Key Trends Shaping the Smart Contact Lenses Market

Strategic Collaborations for Product Expansion

• Leading market players are forming partnerships to accelerate innovation and expand their product range.
  Limited Availability of Smart Contact Lenses
  
  
• The product portfolio remains relatively small, with a growing focus on enhancing features and broadening applications.

Investment by Leading Tech Companies

• Google, Sony, Samsung, and Innovega Inc. are investing significantly in next-generation smart contact lens technology for health monitoring, augmented reality (AR), and vision correction.

Segments Covered in the Report

This report forecasts revenue growth at country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2021 to 2034. For this study, Nova one advisor, Inc. has segmented the Smart Contact Lenses Market

By Type

• Electrodes-Based Lenses
• Sensors-Based Lenses
• Other

By Application

• Continuous Glucose Monitoring
• Intraocular Pressure Monitoring
• Others

By End-User

• Hospitals
• Clinics
• Homecare Settings
• Others

By Regional

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa (MEA)