Growing prevalence of chronic ailments and rising minimally invasive surgeries is driving the growth in Global Medical Loupes Market in the forecast period.
According to TechSci Research report, “Medical Loupes Market – Global Industry Size, Share, Trends, Competition, Opportunities and Forecast, 2017-2027”, the Global Medical Loupes Market stood at USD356.23 million in 2021 and is expected to grow at a CAGR of 6.97% during the forecast period. This can be ascribed to the rising number of minimally invasive surgeries and chronic diseases. Availability of multiple magnifications and improved imaging are the primary reasons why end-users are shifting their interest towards advanced medical loupes.
In clinical IT applications, technologies such as Augmented Reality (AR), Machine Learning (ML), and Artificial Intelligence (AI) play a crucial role. The Global Medical Loupes Market is predicted to grow due to the growing importance of such technologies in the healthcare industry.
The global medical loupes market segmentation is based on type, magnification, lens type, distribution channel, application, end-user, region and company. Based on the loupe type, The flip-up loupes segment is expected to dominate the market during the forecast period on account of their widespread use in performing emergency surgical procedures when the lighting conditions are not favorable.
Browse over 362 market data Figures and 81 market data Tables spread through 732 Pages and an in-depth TOC on “Global Medical Loupes Market”
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Flip-up loupes have the advantage of illuminating items in dark locations while performing surgical procedures such as dental cavities, which are difficult to view with standard medical loupes. The main advantage of flip-up loupes is that they provide an enlarged view as well as a nasal viewing option due to their design. Additionally, they are less expensive than their rivals.
In terms of distribution channel, the global medical loupes market can be split into offline and online. The offline segment dominated the market in 2021 with a share of around 62.11% while online segment is expected to register the highest growth through 2027. Through offline, medical loupes can be acquired directly from the manufacturer, their authorized distributors/suppliers, or a network of distributors/suppliers that sell a variety of branded medical loupes.
Medical loupes can be obtained online from companies' online digital stores. Carl Zeiss Meditec AG, for example, provides an online store where medical loupes can be purchased in countries such as Australia, India, and Canada. Other companies, such as SheerVision, Keeler, and others, are also selling products through their online shopping stores, particularly in the United States. These companies also provide profitable deals and discounts for purchasing medical loupes on their websites.
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The sudden outbreak and spread of the COVID-19 pandemic and imposition of lockdown to curtail the spread of the virus led to shutting down of the economic activities. Also, the supply chain got disrupted. This made the customers purchase products through online channels such as online stores of companies or other e-commerce platforms.
Furthermore, growing internet penetration and emergence of several e-commerce platforms is further expected to support the segmental growth. Additionally, certain loupes and their accessories can be procured online through e-commerce platforms such as Amazon, Alibaba, etc.
A partial list of leading market players, includes:
- Carl Zeiss Meditec AG
- Univet S.r.l
- Heine Optotechnik GmbH & Co. KG
- Envista Holdings Corporation (Orascoptic)
- Halma Plc (Keeler Limited)
- General Scientific Corporation (SurgiTel)
- Integra Lifescience Holding Corporation
- Thermo Fisher Scientific Inc
- MeridentOptergo (Optergo AB)
- HOYA Corporation
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“The Asia Pacific region is expected to register fastest growth during the forecast period. This can be attributed to the growing healthcare awareness among the population residing in the region. Medical technology improvements have presented medical device companies in the region with a number of expansion opportunities. The increasing number of laser treatments and changing therapy needs necessitate adding new features to existing equipment. The rising number of surgeries that will necessitate the widespread usage of medical equipment will boost the market for medical loupes in the Asia Pacific region. said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Medical Loupes Market – Global Industry Size, Share, Trends, Competition, Opportunities and Forecast, 2017-2027 Segmented By Type (Flip-Up Loupes, Through-the-lens(TTL) Loupes, Clip-On Loupes, Headband Mounted), Magnification (3.0x-5.0x ,Up to 3.0x, Above 5.0x), Lens Type (Galilean v/s Prismatic), By Distribution Channel (Offline v/s Online), By Application (Surgical, Dental, Others), By End User (Hospitals, Dental Clinics, Ambulatory Surgery Centers), By Region”, has evaluated the future growth potential of Global Medical Loupes Market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Global Medical Loupes Market.
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