A touch panel includes a substrate, a transparent conductive layer and a plurality of electrodes. The substrate has a first surface and a second surface opposite to the first surface. The transparent conductive layer is formed on the first surface of the substrate. The transparent conductive layer includes a plurality of separated carbon nanotube structures. The electrodes are electrically connected to the transparent conductive layer. Each electrode is connected with the end of at least one of the carbon nanotube structures such that each carbon nanotube structure is in contact with at least two opposite electrodes. Further, a display device using the above-described touch panel is also included.