Smart Contact Lens Market Industry Analysis and Opportunity and Forecast to 2029

 The rise in FDA approval and the presence of a wide range of products and devices are raising market growth. The rising government investments with the rising awareness among the population are expected to provide lucrative opportunities to market growth. However, the increasing product recall may challenge the market's growth.Data Bridge Market Research analyzes that the global smart contact lens market is expected to reach a value of USD 678,147.91 thousand by 2030, at a CAGR of 12.6%. The micro-LED display contact lenses segment is expected to dominate the global smart contact lens market with the increasingly advanced technology and rising strategic initiatives by major market players.A smart contact lens with a built-in visual display is designed to magnify images for people with low vision. The patented lens, designed by a company called Mojo Vision, can project content from a smartphone.The smart contact lens is a regular hard or soft contact lens surrounded by a liquid crystal display, a tiny controller ASIC (Application-Specific Integrated Circuit), a light sensor, an accelerometer and gyroscope, and a very thin solid-state lithium-ion battery.



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