Medical Loupes Market (By Type: Through The Lens [TTL] Loupes and Flip Up Loupes; By Lens Type: Galilean and Prismatic; By Price Category: Low, Medium, and High; By Application: Dentistry, Surgical, and Others; By Distribution Channel: Online and Offline) - Global Industry Analysis, Size, Share, Growth, Trends, Revenue, Regional Outlook and Forecast 2021-2030

The global medical loupes market size is predicted to reach valuation of US$ 540 million by 2030, anticipated to grow at a CAGR of 6.1% during the forecast period 2021 to 2030. The usage of medical loupes in automotive and telecommunication sectors and increasing application of medical loupes in consumer electronics are factors expected to boost the global medical loupes market during the forecast period.

A Key Driver

• Increase in the number of minimally invasive surgeries is expected to boost the medical loupes market during the forecast period. Rise in the number of surgeries would require extensive usage of medical instruments, and consequently lead to an increase in usage of medical loupes.
• According to the Centers for Disease Control and Prevention (CDC), around 48 million surgical procedures were performed in the U.S. alone in 2009
• Majority of surgical procedures include coronary artery bypass grafts, total hip replacements, and endoscopic procedures for the large intestine. Moreover, around 10 million minimally invasive procedures were performed globally in 2011.

Dynamics

Experienced users with higher magnification need to appreciate advanced visualization capabilities of medical loupes. Available in various magnification levels, medical loupes provide high-contrast stereoscopic images with edge-to-edge sharpness for detailed recognition and differentiation. When magnification is not needed, the loupe can simply be flipped up. Fitted in either a lightweight titanium eyeglass frame or with a headband, medical loupes offer settings for a wide range of tilt and angle views, while supporting a comfortable, ergonomic working position.

Advancements in technology allow settings to be quick and easy to adjust and remain stable at all times. Further advancements in the medical loupes market is likely to cater to a wide array of medical needs, thus driving the market during the forecast period. However, despite advancement in the industry, lack of awareness among healthcare professionals might have a restraining impact on the global medical loupes market.

Technological Advancements to Generate Opportunities for Medical Loupes Market across All Industry Verticals

Companies in the market are constantly focusing on technological development of medical loupes. Rising application of medical loupes in surgeries, particularly microscopic operations, has encouraged manufacturers to compete on the basis of product uniqueness. For instance, ExamVision Kepler Advanced was recently introduced in the market. The product combined four magnification levels in only one pair of loupes. The Turn&Click system allows the user to quickly switch between magnifications ranging from 3.6 to 6.4 times in a single motion, ensuring perfect sharpness of vision and a comfortable working posture.

Manufacturers are constantly emphasizing on the comfort and efficiency of medical loupes that are capable of catering to multiple verticals. Advancements in the medical loupes technology is, therefore, expected to offer growth opportunities to players across the medical loupes value chain.

Key Restraint

• Lack of awareness is limiting the usage of medical loupe products. Medical loupes are perceived as slightly more complex and costly. The usage of such products requires training for their efficient and effective utilization. Training is always one of the main keys to success when using low vision devices.
• As these devices can provide greatly increased magnification powers and prescription strength, along with higher-quality optics (i.e., the way the lens bends or refracts light), they are different from regular glasses and magnifiers that can be bought in a local store or online. Often they require training to help use them effectively.

Impact of COVID-19 on Global Market

The overall production and supply of medical loupes were hampered due to the outbreak of COVID-19. However, it has generated immense opportunities for suppliers or retailers to expand their sales channels and increase the overall profitability of their business.

Companies are working with local governments to reach lockdown places and provide their product to distributors. India and China are expected to be key markets post the COVID-19 scenario.

As per the AAO (American Academy of Ophthalmology), standard surgical personal protective equipment (PPE), including a surgical mask, is sufficient for surgeons in majority of cases. Eye protection should be worn when possible. In some instances, eye protection is difficult or interferes with safe performance of a procedure. In such scenarios, close-fitting safety glasses may permit continuous wear. A sterile face shield can be placed after donning surgical loupes or an indirect ophthalmoscope.

The growing medical equipment industry across the globe, owing to rising number of health issues and concerns about health, is boosting the demand for medical loupes. The market in the North America region is anticipated to expand at a significant rate due to high adoption of medical loupes in surgeries and in the dental sector. The market in Asia Pacific is expected to show highest growth rate. The increasing demand for medical loupes from emerging economies such as China and India is driving the regional market.

Competitive Landscape

This section of the report identifies various key manufacturers of the market. It helps the reader understand the strategies and collaborations that players are focusing on combat competition in the market. The comprehensive report provides a significant microscopic look at the market. The reader can identify the footprints of the manufacturers by knowing about the global revenue of manufacturers, the global price of manufacturers, and sales by manufacturers during the forecast period of 2017 to 2019.

The analysts have provided a comprehensive analysis of the competitive landscape of the global medical loupes market with the company market structure and market share analysis of the top players. The innovative trends and developments, mergers and acquisitions, product portfolio, and new product innovation expected to provide a dashboard view of the market, ultimately providing the readers accurate measure of the current market developments, business strategies, and key financials.

Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.

Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users) and other segments.

• Company Overview
• Company Market Share/Positioning Analysis
• Product Offerings
• Financial Performance
• Recent Initiatives
• Key Strategies Adopted by Players
• Vendor Landscape
• List of Suppliers
• List of Buyers

Key Players

Key players operating in the global medical loupes market are Carl Zeiss Meditec AG, Den-Mat Holdings LLC, Designs for Vision, Inc., Enova Illumination, Inc., Heine Optotechnik GmbH & Co. KG, Keeler Ltd., North-Southern Electronics Limited, Orascoptic, R&D Surgical Ltd. (Xenosys), Rose Micro Solutions LLC, and SheerVision Inc.

Market Segmentation

By Type

• Through The Lens (TTL)
• Flip Up Loupe

By Lens Type

• Galilean
• Prismatic

By Application

• Dentistry
• Surgical
• Others

By Price Category

• Low
• Medium
• High

By Distribution Channel

• Online
  • eCommerce Website
  • Company-owned Website
• Offline
  • Specialty Stores
  • Direct Sales
  • Others

By Region

• North America
  • U.S.
  • Canada
  • Rest of North America
• Europe
  • U.K.
  • Germany
  • France
  • Rest of Europe
• Asia Pacific (APAC)
  • Japan
  • China
  • India
  • Rest of Asia Pacific
• Middle East & Africa (MEA)
  • GCC Countries
  • South Africa
  • Rest of Middle East & Africa
• South America
  • Brazil
  • Rest of South America

This report focuses on medical loupes market includes crucial information on market share, market size, and growth rate for the forecast period 2021 to 2030 at the global level, regional level and company level. From a global perspective, this report represents overall medical loupes market size by analyzing historical data and future prospect. The study highlights deep analysis on the major drivers of the market, restraints, and challenges to help the business owners, suppliers, and marketing personnel in planning effective strategies for the forecast period. This will help the business and manufacturers to lead the market and gain prominent position in future. The report also presents vital information through graphical representation on factors like table, charts, and statistics. The study includes drivers and restraints of the global medical loupes market.

The research not only conducts forecasts in terms of value, but also evaluates the market on the basis of essential parameters, such as Year-on-Year (Y-o-Y) growth. This helps providers to recognize the future opportunities as well predictability of the market.

In order to understand and assess opportunities in this market, the report is categorically divided into five key sections on the basis of segments. The report analyzes the global market in terms of value (US$ dollers) and volume (Million Units).

The research report includes specific segments by region (country), by company, by all segments. This study provides information about the growth and revenue during the historic and forecasted period of 2017 to 2030. Every segment is further sub-segmented into several sub-segmented that are deeply analyzed by experts to offer valuable information to the buyers and market players. Understanding the segments helps in identifying the importance of different factors that aid the market growth.

Major Key Points Covered in Report:

Executive Summary: It includes key trends of the medical loupes market related to products, applications, and other crucial factors. It also provides analysis of the competitive landscape and CAGR and market size of the medical loupes market based on production and revenue.

Production and Consumption by Region: It covers all regional markets to which the research study relates. Prices and key players in addition to production and consumption in each regional market are discussed.

Key Players: Here, the report throws light on financial ratios, pricing structure, production cost, gross profit, sales volume, revenue, and gross margin of leading and prominent companies competing in the Medical loupes market.

Market Segments: This part of the report discusses about product, application and other segments of the medical loupes market based on market share, CAGR, market size, and various other factors.

Research Methodology: This section discusses about the research methodology and approach used to prepare the report. It covers data triangulation, market breakdown, market size estimation, and research design and/or programs.

Regional Analysis

The research report includes a detailed study of regions of North America, Europe, China, Japan and Rest of the World. The report has been curated after observing and studying various factors that determine regional growth such as economic, environmental, social, technological, and political status of the particular region. Analysts have studied the data of revenue and manufacturers of each region. This section analyses region-wise revenue and volume for the forecast period of 2017 to 2030. These analyses will help the reader to understand the potential worth of investment in a particular region.

The report provides in-depth segment analysis of the global medical loupes market, thereby providing valuable insights at macro as well as micro levels. Analysis of major countries, which hold growth opportunities or account for significant share has also been included as part of geographic analysis of the medical loupes market.

The report includes country-wise and region-wise market size for the period 2017-2030. It also includes market size and forecast by segments in terms of production capacity, price and revenue for the period 2017-2030.

In this study, the years considered to estimate the market size of medical loupes are as follows:

• History Year: 2017-2020
• Base Year: 2021
• Forecast Year 2021 to 2030

Research Methodology

The research methodology adopted by analysts for compiling the global medical loupes market report is based on detailed primary as well as secondary research. With the help of in-depth insights of the market-affiliated information that is obtained and legitimated by market-admissible resources, analysts have offered riveting observations and authentic forecasts for the global market.

During the primary research phase, analysts interviewed market stakeholders, investors, brand managers, vice presidents, and sales and marketing managers. Based on data obtained through interviews of genuine resources, analysts have emphasized the changing scenario of the global market.

For secondary research, analysts scrutinized numerous annual report publications, white papers, market association publications, and company websites to obtain the necessary understanding of the global medical loupes market.

The study objectives of this report are:

• To analyze and study the global market capacity, production, value, consumption, status (2017-2021) and forecast (2021-2030);
• Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
• Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
• To define, describe and forecast the market by type, application and region.
• To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
• To identify significant trends and factors driving or inhibiting the market growth.
• To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
• To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
• To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
• To strategically profile the key players and comprehensively analyze their growth strategies.