Report Code : CVMI200620251 | Published Date : June 20, 2025

Market Overview
Smart contact lenses represent the convergence of ophthalmic technology, biomedical sensors, and augmented reality (AR), offering real-time health monitoring and digital display capabilities. These lenses are primarily used for glucose monitoring (diabetes management), intraocular pressure tracking (glaucoma), and AR-enhanced vision. The market is driven by the rising prevalence of chronic diseases, tech advancements in miniaturized electronics, and growing demand for non-invasive diagnostics.

 

Market Size and Forecast

Year

Market Value (USD Million)

Notes

2023

320

Early-stage adoption; limited to glucose monitoring.

2028

1,450

CAGR 35.2% (2023–2028); AR-enabled lenses enter consumer market.

2035

5,800

CAGR 28.5% (2028–2035); mass adoption in healthcare & consumer tech.

Adoption Outlook – Over 2 million users expected by 2035, with 60% using health-monitoring features.

 

Market Drivers

  • Diabetes epidemic: 700M+ global cases by 2030 fuel demand for continuous glucose monitoring (CGM).
  • AR/VR boom: Integration with Metaverse and gaming industries.
  • Non-invasive preference: Replaces painful blood tests for diabetics.
  • Tech advancements: Ultra-thin batteries and flexible microelectronics.

 

Market Challenges

  • High cost: USD 500–1,000 per lens limits accessibility.
  • Regulatory hurdles: FDA/CE approvals take 3–5 years per model.
  • Battery life: Current models last only 24–48 hours.

 

Competitive Landscape

Company

2023 Share

Core Strengths

Recent Moves

Alphabet (Verily)

45%

Glucose-sensing lens

Partnered with Novartis for glaucoma detection (2025).

Mojo Vision

25%

AR display technology

Secured USD 100M for consumer AR lenses (2024).

Sensimed

15%

Glaucoma monitoring

Received FDA approval for next-gen IOP sensor (2025).

Startups (e.g., Innovega)

15%

Military/enterprise AR

Won USD 50M DOD contract (2025).

 

Market Segmentation

Segment

2023 Share

CAGR (2023–2035)

By Application

    

Healthcare

70%

32.8%

Consumer AR

20%

45.1%

By End User

    

Diabetics

50%

30.5%

Gamers/Professionals

30%

40.2%

 

Regional Analysis

  • North America (50%): Leads due to FDA fast-tracking and tech investments.
  • Europe (25%): Strong adoption in Germany/UK for medical use.
  • Asia-Pacific (20%): Japan/South Korea drive AR demand.

 

Technology & Innovation

  • Self-charging lenses: Solar-powered via ambient light (trials in 2026).
  • Neural interfaces: Prototypes for controlled blinking commands.
  • Multi-sensor integration: Combines glucose + alcohol + UV monitoring.

 

Regulatory Environment

  • FDA: Class II medical device classification for CGM lenses.
  • EU MDR: Stricter biocompatibility requirements.

 

Strategic Outlook

  • Healthcare providers: Integrate lenses into remote patient monitoring.
  • Tech giants: Compete for AR consumer market dominance.




Reasons To Buy

Image



Scope

Image
  • Google LLC (Alphabet Inc.)
  • Mojo Vision
  • Samsung Electronics Co Ltd.
  • Sony Corporation
  • Sensimed AG
  • Innovega Inc.
  • Medella Health
  • Johnson & Johnson Vision Care
  • Bausch + Lomb
  • Alcon Laboratories Inc.
  • Novartis AG
  • Verily Life Sciences
  • Tectus Corporation
  • GlakoLens
  • IMEC

Smart Contact Lenses Market Report


  1. 1. Smart Contact Lenses Market Research Report
    1. 1.1 Study Objectives
    2. 1.2 Smart Contact Lenses Market - Overview
    3. 1.3 Reason to Read This Report
    4. 1.4 Methodology and Forecast Analysis
  2. 2. Smart Contact Lenses Market Research Report - Preface
    1. 2.1 Smart Contact Lenses Market Research Report – Detailed Scope and Definitions
      1. 2.1.1 By Application
      2. 2.1.2 By End User
      3. 2.1.3 By Region
  3. 3. Smart Contact Lenses Market Dynamics
    1. 3.1. Drivers - Macro-Economic Based, Supply Side, and Demand Side Drivers
    2. 3.2. Restraints – By Application, By End User, By Country
    3. 3.3. Opportunities – By Application, By End User, By Country
    4. 3.4. Trends – By Application, By End User, By Country
    5. 3.5. PEST Analysis
    6. 3.6. Porters Five Rule Analysis
    7. 3.7. Company’s Share Analysis (CSA) by Region or By Country
    8. 3.8. Smart Contact Lenses Market Research Report – DROTs Impact Analysis
    1. 4. Smart Contact Lenses Market Research Report, Historic Data 2019 - 2023 and Forecast Analysis Data 2024 - 2031
    2. 4.1. Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
    3. 4.2. Annual Market Trend Assessment – Year-on-Year (YoY) Growth Analysis (%)
    4. 4.3. Incremental Market Value/Volume Opportunity between 2019 - 2023 and 2024 - 2031
    5. 4.4. Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
  1. 5. Smart Contact Lenses Market, By Application, 2019 - 2023 and Forecast, 2024 - 2031 (Market Value, In USD Mn)
    1. 5.1 Healthcare
    2. 5.1.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
    3. 5.1.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
    4. 5.1.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
    5. 5.1.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
    6. 5.2 Consumer AR
    7. 5.2.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
    8. 5.2.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
    9. 5.2.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
    10. 5.2.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
    6. Smart Contact Lenses Market, By End User, 2019 - 2023 and Forecast, 2024 - 2031 (Market Value, In USD Mn)
    1. 6.1 Diabetics
    2. 6.1.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
    3. 6.1.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
    4. 6.1.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
    5. 6.1.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
    6. 6.2 Gamers/Professionals
    7. 6.2.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
    8. 6.2.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
    9. 6.2.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
    10. 6.2.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
  1. 7. Smart Contact Lenses Market Forecast, By Region, 2019 - 2023 and 2024 - 2031 (Market Value, In USD Mn)
    1. 7.1 North America
      1. 7.1.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
      2. 7.1.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
      3. 7.1.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
      4. 7.1.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
      7.2 Europe
      1. 7.2.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
      2. 7.2.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
      3. 7.2.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
      4. 7.2.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
      7.3 Asia-Pacific
      1. 7.3.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
      2. 7.3.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
      3. 7.3.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
      4. 7.3.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
      7.4 Latin America
      1. 7.4.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
      2. 7.4.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
      3. 7.4.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
      4. 7.4.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
      7.5 Middle East and Africa
      1. 7.5.1 Market Performance Review & Future Outlook: Assessing 2019 - 2023 and Predicting 2024 - 2031 Trends (USD Millions)
      2. 7.5.2 Annual Market Trend Assessment – Yearly Growth Observation (Y-O-Y)(%)
      3. 7.5.3 Incremental Market Value/Volume Opportunity between 2019 - 2023 and From 2024 to 2031
      4. 7.5.4 Market Shares Analysis in Years - 2019, 2023, 2024 and 2031
      7.6 Smart Contact Lenses Market - Opportunity Analysis Index, By Application, By End User, and Region, 2024 - 2031
  1. 8. North America Smart Contact Lenses Market Analysis, 2019 - 2023 and Forecast, 2024 - 2031 (Market Value, In USD Mn)
    1. 8.1 By Application Analysis 2019 - 2023 and Forecast, 2024 - 2031 by Market Assessment (USD Mn), Yearly Growth Rate (%), and Market Presence (%)
      1. 8.1.1 Healthcare
      2. 8.1.2 Consumer AR
      8.2 By End User Analysis 2019 - 2023 and Forecast, 2024 - 2031 by Market Assessment (USD Mn), Yearly Growth Rate (%), and Market Presence (%)
      1. 8.2.1 Diabetics
      2. 8.2.2 Gamers/Professionals
      8.3 Country Analysis 2019 - 2023 and Forecast, 2024 - 2031 by Market Assessment (USD Mn), Yearly Growth Rate (%), and Market Presence (%)
      1. 8.3.1 United States
      2. 8.3.2 Canada
    2. 8.4 North America Smart Contact Lenses Market – Opportunity Analysis Index, By Application, By End User, and Country, 2024 - 2031
    3. 8.5 Regional Trends Analysis
    4. 8.6 North America Smart Contact Lenses Market Research Report - Company Profiles
      1. 8.6.1 Company 1 (United States)
      2. 8.6.2 Company 2 (Canada)
      3. 8.6.3 Company 3 (Canada)
    9. Europe Smart Contact Lenses Market Analysis, 2019 - 2023 and Forecast, 2024 - 2031 (Market Value, In USD Mn)
    1. 9.1 By Application Analysis 2019 - 2023 and Forecast, 2024 - 2031 by Market Assessment (USD Mn), Yearly Growth Rate (%), and Market Presence (%)
      1. 9.1.1 Healthcare
      2. 9.1.2 Consumer AR
      9.2 By End User Analysis 2019 - 2023 and Forecast, 2024 - 2031 by Market Assessment (USD Mn), Yearly Growth Rate (%), and Market Presence (%)
      1. 9.2.1 Diabetics
      2. 9.2.2 Gamers/Professionals
      9.3 Country Analysis 2019 - 2023 and Forecast, 2024 - 2031 by Market Assessment (USD Mn), Yearly Growth Rate (%), and Market Presence (%)
      1. 9.3.1 Germany
      2. 9.3.2 United Kingdom
      3. 9.3.3 France
      4. 9.3.4 Spain
      5. 9.3.5 Italy
      6. 9.3.6 Russia
    2. 9.4 Europe Smart Contact Lenses Market – Opportunity Analysis Index, By Application, By End User, and Country, 2024 - 2031
    3. 9.5 Regional Trends Analysis
    4. 9.6 Europe Smart Contact Lenses Market Research Report - Company Profiles
      1. 9.6.1 Company 1 (Germany)
      2. 9.6.2 Company 2 (United Kingdom)
      3. 9.6.3 Company 3 (United Kingdom)
    10. Asia-Pacific Smart Contact Lenses Market Analysis, 2019 - 2023 and Forecast, 2024 - 2031 (Market Value, In USD Mn)
    1. 10.1 By Application Analysis 2019 - 2023 and Forecast, 2024 - 2031 by Market Assessment (USD Mn), Yearly Growth Rate (%), and Market Presence (%)
      1. 10.1.1 Healthcare
      2. 10.1.2 Consumer AR
      10.2 By End User Analysis 2019 - 2023 and Forecast, 2024 - 2031 by Market Assessment (USD Mn), Yearly Growth Rate (%), and Market Presence (%)
      1. 10.2.1 Diabetics
      2. 10.2.2 Gamers/Professionals
      10.3 Country Analysis 2019 - 2023 and Forecast, 2024 - 2031 by Market Assessment (USD Mn), Yearly Growth Rate (%), and Market Presence (%)
      1. 10.3.1 China
      2. 10.3.2 Japan
      3. 10.3.3 India
      4. 10.3.4 South Korea
      5. 10.3.5 Australia & New Zealand
      6. 10.3.6 ASEAN
    2. 10.4 Asia-Pacific Smart Contact Lenses Market – Opportunity Analysis Index, By Application, By End User, and Country, 2024 - 2031
    3. 10.5 Regional Trends Analysis
    4. 10.6 Asia-Pacific Smart Contact Lenses Market Research Report - Company Profiles
      1. 10.6.1 Company 1 (China)
      2. 10.6.2 Company 2 (Japan)
      3. 10.6.3 Company 3 (Japan)
    11. Latin America Smart Contact Lenses Market Analysis, 2019 - 2023 and Forecast, 2024 - 2031 (Market Value, In USD Mn)
    1. 11.1 By Application Analysis 2019 - 2023 and Forecast, 2024 - 2031 by Market Assessment (USD Mn), Yearly Growth Rate (%), and Market Presence (%)
      1. 11.1.1 Healthcare
      2. 11.1.2 Consumer AR
      11.2 By End User Analysis 2019 - 2023 and Forecast, 2024 - 2031 by Market Assessment (USD Mn), Yearly Growth Rate (%), and Market Presence (%)
      1. 11.2.1 Diabetics
      2. 11.2.2 Gamers/Professionals
      11.3 Country Analysis 2019 - 2023 and Forecast, 2024 - 2031 by Market Assessment (USD Mn), Yearly Growth Rate (%), and Market Presence (%)
      1. 11.3.1 Brazil
      2. 11.3.2 Mexico
      3. 11.3.3 Argentina
      4. 11.3.4 Peru
      5. 11.3.5 Colombia
      6. 11.3.6 Rest of Latin America
    2. 11.4 Latin America Smart Contact Lenses Market – Opportunity Analysis Index, By Application, By End User, and Country, 2024 - 2031
    3. 11.5 Regional Trends Analysis
    4. 11.6 Latin America Smart Contact Lenses Market Research Report - Company Profiles
      1. 11.6.1 Company 1 (Brazil)
      2. 11.6.2 Company 2 (Mexico)
      3. 11.6.3 Company 3 (Mexico)
    12. Middle East and Africa Smart Contact Lenses Market Analysis, 2019 - 2023 and Forecast, 2024 - 2031 (Market Value, In USD Mn)
    1. 12.1 By Application Analysis 2019 - 2023 and Forecast, 2024 - 2031 by Market Assessment (USD Mn), Yearly Growth Rate (%), and Market Presence (%)
      1. 12.1.1 Healthcare
      2. 12.1.2 Consumer AR
      12.2 By End User Analysis 2019 - 2023 and Forecast, 2024 - 2031 by Market Assessment (USD Mn), Yearly Growth Rate (%), and Market Presence (%)
      1. 12.2.1 Diabetics
      2. 12.2.2 Gamers/Professionals
      12.3 Country Analysis 2019 - 2023 and Forecast, 2024 - 2031 by Market Assessment (USD Mn), Yearly Growth Rate (%), and Market Presence (%)
      1. 12.3.1 Saudi Arabia
      2. 12.3.2 UAE
      3. 12.3.3 South Africa
      4. 12.3.4 Egypt
      5. 12.3.5 Israel
      6. 12.3.6 Rest of Middle East and Africa
    2. 12.4 Middle East and Africa Smart Contact Lenses Market – Opportunity Analysis Index, By Application, By End User, and Country, 2024 - 2031
    3. 12.5 Regional Trends Analysis
    4. 12.6 Middle East and Africa Smart Contact Lenses Market Research Report - Company Profiles
      1. 12.6.1 Company 1 (Saudi Arabia)
      2. 12.6.2 Company 2 (UAE)
      3. 12.6.3 Company 3 (UAE)
    13. Competition Landscape
    1. 13.1 Strategic Dashboard of Top Market Players
    2. 13.2 Company Profiles (Introduction, Financial Assessments, Portfolio of Offerings, Milestones and Achievements, Strategic Initiative, and SWOT Analysis)
      1. 13.2.1 Google LLC
      2. 13.2.2 Mojo Vision
      3. 13.2.3 Samsung Electronics Co.
      4. 13.2.4 Ltd.
      5. 13.2.5 Sony Corporation
      6. 13.2.6 Sensimed AG
      7. 13.2.7 Innovega Inc.
      8. 13.2.8 Medella Health
      9. 13.2.9 Johnson & Johnson Vision Care
      10. 13.2.10 Bausch + Lomb
      11. 13.2.11 Alcon Laboratories
      12. 13.2.12 Inc.
      13. 13.2.13 Novartis AG
      14. 13.2.14 Verily Life Sciences
      15. 13.2.15 Tectus Corporation
      16. 13.2.16 GlakoLens
      17. 13.2.17 IMEC
  1. 14. Data Collection Method and Research Approach
  2. 15. Principal Presumptions and Acronyms