The global smart contact lenses market is projected to reach USD 2,860.50 Million in 2025, while augmenting at a significant CAGR of 49.6% during 2019-2025. The market growth is attributed to the rising geriatric population and growing demand for eye care solutions. Moreover, growing adoption of wearable medical devices and increasing prevalence of glaucoma and diabetes are further augment the market growth.
Smart contact lens is a promising device primarily made to monitor the physiological changes of an eye that aids in the better treatment of the patients in diabetes and glaucoma. In addition, various key players are willing to invest in this technology to provide the better healthcare facilities along with the enhancement of the quality of life.
The years used for the assessment are as follows:
Historical year: 2015, 2016, 2017
Base year: 2018
Forecast period: 2019 – 2025
The research and analysis is based on the data and information obtained from various primary and secondary sources. The data obtained is validated by interacting with the companies of the concerned domain. The steps involved in the research methodology are;