The global Ophthalmic Loupes market size is expected to be worth around US$ 668.5 million by 2028, according to a new report by Vision Research Reports.
The global Ophthalmic Loupes market size was valued at US$ 399.7 million in 2020 and is anticipated to grow at a CAGR of 6.8% during forecast period 2021 to 2028.
Growth Factors
The growing prevalence of different eye diseases such glaucoma, cataract, and refractive errors is main factor expected to drive the overall market growth. Additionally, the growing usage of ophthalmic loupes in performing surgeries and for dental procedures due to its ability to provide higher magnification is expected to contribute towards the market growth.
Ophthalmic loupes are considered as an affordable alternative to operating microscope and helps the ophthalmologists in effectively studying eye diseases during the surgery. Ophthalmologists undergo back and neck pain while performing surgeries as they bend more to see the area of operation properly. Therefore, to avoid this pain the ophthalmologists and even clinicians are opting for the medical device. These eyeglasses are designed considering interpupillary distance, angle of declination, and working distance, that helps in maintaining the posture of the medical professional while performing the treatment.
Magnification eyeglasses are designed according to specific procedures. Galilean type telescope helps in small surgeries and are handy. Despite of its small size it comes in various magnification range from 1.7x to 3.0x. Similarly, for complicated surgeries, medical professionals required higher magnification eyeglasses and thus prefer prismatic type. Prismatic telescope provides enhanced magnification up to 8x for better treatment.
Report Highlights
Galilean type segment held the largest share of 38.3% in 2020. Galilean type loupes feature different lenses like concave eyepiece lens and convex objective lens. Both of these lenses help in delivering a clear image in comparison to a single lens. Additionally, usage of this type helps in providing ample width and depth of field.
Prismatic type is expected to grow at the fastest growth rate of 9.7%, during the forecast period. Prismatic type ophthalmic loupes are heavier and longer which incorporates prism to reorient inverted images. They provide better clarity and higher magnification. Additionally, this type feature two or more convex lenses and comes in different magnification ranges, ranging from 3.5x to 6.0x. Some of the prismatic type provide up to 8.0x loupe magnification.
The TTL segment dominated the market and held the largest revenue share of 59.5% in 2020. TTL loupes are also called ‘front-mounted loupes’ or FLM. In this type, the lens is mounted on the frame and is custom made based on the Pupillary Distance (PD). Also, the angle of declination of these loupes is fixed at the steepest angle considering the ergonomic posture needed. These loupes are widely used and adopted in various settings.
Flip-up loupes are expected to grow at the fastest rate of 9.8% during the forecast period. These loupes come along with a hinge mechanism which helps in offering adjustable pupillary distance and angle of declination. Various advantages associated with flip-up such as lower price, a greater angle of declination, and can be moved out of sight once its work is done, is expected to drive the segment growth during the forecast period. Moreover, this loupe design can cater to multiple users as it comes with the property of adjusting PD.
Hospitals held the largest revenue share of 41.5% in 2020 mainly due to the increasing number of ophthalmic surgeries for correcting cataract, glaucoma, and refractive disorders. Rising incidence of eye-related conditions and the introduction of advanced minimally invasive surgeries are the factors driving the segment growth. Usage of ophthalmic loupes in hospitals helps the ophthalmologists by providing enhanced and magnified vision for an effective treatment process.
ASCs act as a modern healthcare facility, which provides same-day surgical care at a lower cost with quality outcomes. The number of ophthalmic surgeries performed in ASCs is increasing steeply, thereby, is expected to drive the need for ophthalmic loupes in the setting. Ophthalmic loupes help in providing accurate diagnosis of the diseases and better field of view while operating, hence, these loupes are expected to show high demand in ASCs.
North America dominated the ophthalmic loupes market and held the largest revenue share of 26.5% in 2020 owing to the presence of a large number of market players in the region. Most of the players such as Ocutech Inc., SHEERVISION, and SurgiTel are headquartered in the U.S. and are developing advanced ophthalmic loupes. Additionally, these players provide service programs to increase awareness regarding the importance of the loupes, its maintenance, and its improvement services.
Europe is also expected to follow North America in terms of market share. Many players are present in the region such as Keeler, ZEISS, Rudolf Riester GmbH, and Univet S.r.l. These players develop advanced frames and different magnification type loupes such as prismatic type and Galilean type to provide comfort and better vision to users. Additionally, the growing prevalence of eye diseases is also expected to contribute towards the market growth in Europe. As per the WHO, in 2020, glaucoma-related blindness is expected to rise up to 13.10%.
Asia Pacific is expected to grow at the fastest rate of 7.8% during the forecast period. Players such as NEITZ INSTRUMENTS offer technologically advanced loupes. In addition, the company allows the users to choose their own loupe type that is Galilean, prismatic, and plate, mounting option or frame, and the LED illuminator. This helps the users in developing ophthalmic loupes as per their demand which suits their comfort and helps in maintaining their posture.
Key Players
SurgiTel
SHEERVISION
Keeler
ZEISS
Rudolf Riester GmbH
NEITZ INSTRUMENTS CO., LTD.
Orascoptic
Univet S.r.l.
Ocutech Inc.
Designs for Vision, Inc.
Market Segmentation
Loupe Type Outlook
Galilean type
Prismatic type (Keplerian)
Plate loupe type
Loupe Design Outlook
Through-The-Lens (TTL)
Flip up
End-use Outlook
Hospitals
Ambulatory surgical centers
Others
Regional Outlook
North America
U.S.
Canada
Europe
Germany
U.K.
France
Italy
Spain
Asia Pacific
China
Japan
India
Thailand
South Korea
Latin America
Brazil
Mexico
Argentina
Colombia
Middle East & Africa
South Africa
Saudi Arabia
UAE
The Ophthalmic Loupes market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.
The report provides size (in terms of volume and value) of Ophthalmic Loupes market for the base year 2020 and the forecast between 2021 and 2028. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.
This report focuses on the global Ophthalmic Loupes market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Ophthalmic Loupes market development in United States, Europe and China.
It is pertinent to consider that in a volatile global economy, we haven’t just conducted Ophthalmic Loupes market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.
In terms of production side, this report researches the Ophthalmic Loupes capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.
In terms of consumption side, this report focuses on the consumption of Ophthalmic Loupes by regions (countries) and application.
Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Ophthalmic Loupes market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2028. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.
With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Ophthalmic Loupes market companies.
Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Ophthalmic Loupes market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.
The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.
Overall, this is an in-depth research report specifically for the Ophthalmic Loupes industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.
The Ophthalmic Loupes market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Ophthalmic Loupes market.
Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Ophthalmic Loupes market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.
Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Ophthalmic Loupes market. These factors have benefited the growth of the global market for Ophthalmic Loupes. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.
New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Ophthalmic Loupes. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).
In this study, the years considered to estimate the market size of Ophthalmic Loupes are as follows:
Reasons to Purchase this Report:
- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
Research Methodology:
In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
Market Size Estimation
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).
The market estimations in this report are based on the selling price (excluding any discounts provided by the manufacturer, distributor, wholesaler or traders). Market share analysis, assigned to each of the segments and regions are achieved through product utilization rate and average selling price.
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.
All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or others factors are accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Vision Research Reports and presented in this report.
Market Breakdown and Data Triangulation
After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation. Extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report.
Secondary Sources
Secondary Sources occupies approximately 25% of data sources, such as press releases, annual reports, Non-Profit organizations, industry associations, governmental agencies and customs data, and so on. This research study includes secondary sources; directories; databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), TRADING ECONOMICS, and avention; Investing News Network; statista; Federal Reserve Economic Data; annual reports; investor presentations; and SEC filings of companies.
Primary Sources
In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product manufacturers (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.
The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end users (product buyers), and related key executives from various key companies and organizations operating in the global market.
The study objectives of this report are:
Cross-segment Market Size and Analysis for
Mentioned Segments
Additional Company Profiles (Upto 5 With No Cost)
Additional Countries (Apart From Mentioned Countries)
Country/Region-specific Report
Go To Market Strategy
Region Specific Market DynamicsRegion Level Market Share Import Export AnalysisProduction AnalysisOthers