EP Global Communications Inc fka EPGL

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How Big is The Global Smart Contact Lens Market?

The Smart Contact Lens Market is expected to exceed more than USD 7.7 billion in 2025 from USD 4.5 billion in 2016 with a CAGR of approximately 10% during the forecast period 2019-2025.

The major driving factors of Smart Contact Lens Market are as follows:

Increasing prevalence of glaucoma
Increasing cases of diabetes related complications such as eye disorders, cataract and blindness
Expanding aging demographics with presbyopia (long-sightedness)
Rising demand for user-friendly and self-monitoring devices

The Smart Contact Lens Market is segmented on the lines of its application, end-user and regional. Based on application it covers Continuous Glucose Monitoring and Intraocular Pressure Monitoring. Based on end-user it covers Home care Settings and Clinics. Smart Contact Lens Market on geographic segmentation covers various regions such as North America, Europe, Asia Pacific, Latin America, Middle East and Africa. Each geographic market is further segmented to provide market revenue for select countries such as the U.S., Canada, U.K. Germany, China, Japan, India, Brazil, and GCC countries.