[197+ Pages Report] According to Facts and Factors' most recent research and survey study, the global medical loupes market was valued at roughly USD 405 million in 2020 and is predicted to reach USD 645 million by the end of 2026, increasing at a remarkable CAGR of roughly 7% between 2021 and 2026.
Global Medical Loupes Market: Overview
Medical loupes are medical devices which resemble a small binocular or a monocular structured design. It is usually mounted on the doctor's headset or the head frame in order to provide a clear and magnified image during a variety of clinical or medical procedures. They are widely applicable in the dental and surgical sector. The major advantages a medical loupe can offer over human vision are a better color interpretation of certain anatomical components, provided improved edge-to-edge vision, and also will help the user gain access to a magnified view. This helps in performing and witnessing minute procedures which can help in pushing the patient toward improved health.
Global Medical Loupes Market: Growth Factors
The surgical precision provided by medical loupes as well as the ability to record and store video footage of medical procedures for later will provide a strong boost to the growth of medical loupes during the forecast period. A significant growth in surgeries accounting toward customized dental surgeries will further propel the growth of the market. Increased demand for lightweight dental loupes will open new opportunities for the growth of the medical loupes market to establish revenue in a previously untapped market.
Improvement in cutting-edge technology such as augmented reality will further provide favorable medical outcomes during medical procedures. An increase of surgeries at the time of infections, obstructed labor, malignancy, and cardiovascular diseases will further push the sales of medical loupes to a higher volume. Additionally, ears-nose-throat (ENT) and ophthalmic surgeries will push the growth of the market during the forecast. Additional factors include technological improvements in the product line and improved research and developmental conditions coupled with a rise in the trend of minimally invasive surgeries.
Global Medical Loupes Market: Segmentation
The global medical loupes market can be segmented on the basis of product, type, sales channel, end-user, and regions.
The global medical loupes market can be divided into surgical loupes, surgical headlights, and surgical cameras on the basis of product. The surgical loupes segment can be further broken down into Galilean loupes and prismatic loupes. The Galilean loupes will account for the largest market share during the forecast owing to various compatibility issues and magnification solutions. Usually, Galilean loupes offer a lower resolution of magnification when compared to their counterpart. Additionally, these lenses offer a better field-of-view and line of sight (LOS). The global medical loupes market can be segmented into through the lens (TTL) loupes and flip up loupes on the basis of type. Flip up medical loupes will account for the largest market share during the forecast owing to increased flexibility, widened customizable options, and relatively low cost when compared to through the lens (TTL). The global medical loupes market can be broken down into offline and online channels on the basis of the sales channels. The offline channel segment will account for the largest market share during the forecast owing to ease of availability of purchase and the varied range of products available on sale. However, with the advent of e-commerce, the online channel is expected to grow at a significant pace. The global medical loupes market can be bifurcated into dentistry, surgical, and others on the basis of applications. The surgical segment will account for the largest market share during the forecast owing to an enhanced view it provides and an increase in the number of surgeries over the past few years.
Global Medical Loupes Market: Regional Analysis
North America is expected to witness the largest market share during the forecast period in terms of global revenue share as the region is projected to achieve around 40% of the latter. The region of Europe will follow at a similar pace in terms of market share owing to various contributing factors such as advancements in the medical sector, improving health infrastructure, and a strong medical e-tourism industry in the region. The region of Asia-Pacific will witness strong growth of the medical loupes due to emerging and innovative economies such as Japan and China integrating medical loupes with other advanced forms of technology.
Global Medical Loupes Market: Competitive Players
The key participants in the medical loupes market are Rose Micro Solutions, L.A Lens, Designs for Vision, Inc., Den-Mat Holdings LLC, Enova Illumination, NORTH-SOUTHERN ELECTRONICS LIMITED, SurgiTel, R&D Surgical Ltd., SHEER Vision, Carl Zeiss Meditec AG, and Orascoptic, among others.
Global Medical Loupes Market: By Product Segment Analysis
Global Medical Loupes Market: By Type Segment Analysis
Global Medical Loupes Market: By Sales Channel Segment Analysis
Global Medical Loupes Market: By End-User Segment Analysis
Global Medical Loupes Market: By Regional Segment Analysis
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