- Smart contact lenses are advanced wearable medical devices designed to monitor health parameters such as glucose levels and intraocular pressure, or to provide augmented vision capabilities
- The market growth is driven by increasing prevalence of chronic diseases such as diabetes and glaucoma, rising demand for continuous health monitoring, and advancements in nanotechnology and wireless communication
- North America is expected to dominate the smart contact lens market with a market share of 36.8%, due to advanced healthcare infrastructure, high adoption of cutting-edge wearable technologies, and the strong presence of key market players
- Asia-Pacific is expected to be the fastest growing region in the smart contact lens market with a CAGR of 10.2%, during the forecast period due to rapid expansion in healthcare infrastructure, rising awareness about eye health, and the increasing demand for wearable medical technologies
- Poly (2-Hydroxyethyl Methacrylate) (PHEMA) segment is expected to dominate the market with a market share of 33.5% due to its high biocompatibility, excellent oxygen permeability, and flexibility, which are crucial for maintaining comfort and safety during prolonged use
