Medical Loupes Market
Medical Loupes Market (Type: Through the Lens [TTL] Loupes and Flip Up Loupes; Lens Type: Galilean and Prismatic; Application: Dentistry and Surgical; and Distribution Channel: Online and Offline) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2019 - 2027
Press Release :
Manufacturers Developing High Optical Technology in Medical Loupes
New innovations in the medical loupes market are bringing a wave of transformation for clinicians in the healthcare industry. One of these innovations is the introduction of sport frame loupes.
The global medical device industry is anticipated to grow at a steady CAGR of ~5% till the year 2030. In order to support the global medical device inventory space, healthcare companies in the medical loupes market are developing sport frame loupes coupled with VDC (variable distance control) technology that provide dentists and surgeons with improved depth of field and edge acuity.
The production of flip up loupes is estimated to reach ~335 thousand units in the medical loupes market by 2027. This is why, manufacturers are pioneering the technology of high color rendering index (CRI) for surgical dental loupes. For instance, in July 2019, Orascoptic - a manufacturer of dental headlights and loupes, announced the launch of TruColor™ - a medical loupe integrated with one-of-its-kind advanced illumination technology, which has achieved high level of color accuracy in the healthcare landscape.
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Augmented Reality Brings a Wave of Transformation in Surgical Operations
Stakeholders in the healthcare industry are investing in state-of-the-art equipment and technology to achieve medical success during intensive operations. These technologies include medical augmented reality (AR) systems and hardware setup that ensure a smooth flow of events during surgeries in operation theatres.
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The revenue of surgical applications in the medical loupes market is projected to reach a value of ~US$ 281 million by the year 2027. To gain high optical imagery, healthcare institutions are using the technology of augmented reality systems with medical loupes to assist doctors in surgical procedures volumes. The development of virtual tools has equipped surgeons to perform suturing procedures in much less time with the hybrid magnification approach. These AR systems provide microscopic images and a tracking system to trace the movements of the tools.
In the medical loupes market, these AR systems are furnished with other sight activations such as the head-mounted display (HMD). A HMD facilitates easy turn on and off of the magnification mode to perform other tasks such as grabbing surgical instruments, monitoring medical devices, and interacting with other medical partners.
Awareness about SSI and Introduction of Custom Loupes Help Overcome Challenges
Manufacturers in the medical loupes market are constantly finding ways to reduce the incidences of surgical site infections (SSIs). Since surgical loupes worn by healthcare professionals are prone to the development of harmful bacteria and viruses during prolonged medical operations, manufacturers are educating professionals to sanitize the loupes before wearing them, and encouraging them to air out storage spaces where the loupes are kept. These techniques will help decrease the risks of surgical field contamination and iatrogenic wound infections.
Another challenge that manufacturers in the medical loupes market face is the failure to achieve the best angle according to different facial geometrics and declination angles. Many dentists frequently encounter awkward treatment room designs, as they work in multiple settings and locations. Hence, manufacturers are innovating custom loupes that can accommodate different facial geometrics and declination angles. These advanced medical loupes are made with lightweight metal work, and achieve high-quality oculars during dental and surgical operations.
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Analysts’ Viewpoint on Medical Loupes Market
Analysts estimate a promising growth of ~6% CAGR for the medical loupes market during the forecast period. The trend of digital loupes with 3D (3-Dimensional) image quality is gaining widespread adoption by clinicians. However, manufacturers are questioned about neck and shoulder pain injuries by clinicians. Hence, to overcome this hurdle, they have developed customizable medical loupes that adjust the declination angle to fit to the specific situation of the clinician. Since a growing number of clinicians are increasingly investing in high-end medical loupes to avoid postural compromises, manufacturers should develop improved loupes with suitable LED (light emitting diode) lighting and improved coloring index.
Medical Loupes: Definition/Overview
- Medical loupes are magnifying devices used by technicians and physicians during medical procedures for accurate diagnosis and precision in surgical treatment.
- Increase in the demand from dentists, hygienists, and therapists are boosting the medical loupes market.
- Medical loupes are available in various sizes and magnification levels.
- The demand for custom medical loupes and rise in the number of surgeries are driving the global medical loupes market.
Global Medical Loupes Market: Regional Overview
- Asia Pacific is likely to be the most attractive market for medical loupes during the forecast period, due to a rise in the number of surgeries and increased awareness about health. Major market players are entering the Asia Pacific region in order to gain significant shares in the medical loupes market.
- North America is likely to dominate the medical loupes market. In Asia Pacific, there has been an increase in the adoption of medical loupes by dentists and surgeons. A major factor for this boost is increasing medical tourism and the growing healthcare sector in the Asia Pacific region.
- The medical loupes markets in the Middle East & Africa and South America are projected to witness moderate growth during the forecast period
Global Medical Loupes Market: Trends
- The availability of medical loupes in various magnification levels provides high precision in surgical procedures. Technological developments in products include improved features such as lightweight, wide range in tilt and angle views, and comfortable ergonomic working positions. These features are expected to fuel the demand for medical loupes in the near future.
- Growth in the number of invasive surgeries is expected to drive the medical loupes market during the forecast period. Surgeries need medical instruments, thus boosting the demand for medical loupes.
Global Medical Loupes Market: Drivers, Opportunities, and Restraints
- The medical loupes market is expanding due to their increasing usage in developing regions, and growing demand from dentists and surgeons.
- Regions such as Asia Pacific and the Middle East are witnessing a rise in surgeries and dental treatment, thereby propelling the demand for medical loupes.
- Increase in the geriatric population and the number of patients with chronic diseases are expected to fuel the demand for medical devices to improve the quality of life.
- Technological advancements in products and introduction of improved devices such as wide-angle variety loupes, lightweight loupes, etc., are driving the global medical loupes market.
- Advanced features such as customization, optimal weight balance, ready-to-use products, and improved depth of field are encouraging dentists and surgeons to adopt medical loupes for precise medical procedures.
- Surgeons are using medical loupes in most of the surgeries such as otolaryngology, plastic surgeries, vascular surgeries, etc.
Global Medical Loupes Market: Segmentation
The global medical loupes market has been segmented based on type, lens type, application, distribution channel, and region.
- By Type:
- In terms of type, the global medical loupes market has been segmented into: Through the Lens (TTL) Loupes and Flip Up Loupes.
- By Lens Type:
- Based on lens type, the global medical loupes market has been classified into: Galilean and Prismatic.
- By Application:
- In terms of application, the global medical loupes market has been categorized into: Dentistry and Surgical.
- By Distribution Channel:
- On the basis of distribution channel, the global medical loupes market has been bifurcated into: Online and Offline.
- By Region:
- Based on region, the global medical loupes market has been divided into: North America (U.S., Canada, and Rest of North America), Europe (U.K., France, Germany, and Rest of Europe), Asia Pacific (India, China, Japan, and Rest of Asia Pacific), Middle East & Africa (GCC, South Africa, and Rest of Middle East & Africa), and South America (Brazil and Rest of South America).
Global Medical Loupes Market: Competition Landscape
- Established manufacturers operating in the global medical loupes market are adopting different marketing strategies to cater to the increasing demand for medical loupes and expanding their business in untapped markets.
- Online distribution channels are being preferred by loupe manufacturers to expand their reach. They are offering free shipping and discounts on products in order to consolidate their position in the market.
- Major players operating in the global medical loupes Market are
- Carl Zeiss Meditec AG
- Rose Micro Solutions
- L.A. Lens
- NORTH-SOUTHERN ELECTRONICS LIMITED
- Designs for Vision, Inc.
- Enova Illumination
- Den-Mat Holdings
- SHEER Vision
- R&D Surgical Ltd. (Xenosys)
- Heine Optotechnik GmbH & Co. KG
- Keeler Ltd.
Medical Loupes Market – Scope of the Report
Transparency Market Research’s recent report on the medical loupes market, with the help of a comprehensive outlook, provides readers with an assessment of the global market landscape. This study on the medical loupes market analyzes the scenario for the period of 2019 to 2027, wherein, 2018 is the base year and 2017 and before is historical data. This report enables readers to make important decisions with regard to their business, with the help of a wealth of information enclosed in the study.
This TMR study on the medical loupes market also provides data on the developments made by important players and stakeholders in the market, along with a competitive analysis. The report also provides an understanding of the strengths, weaknesses, threats, and opportunities, along with the trends and restraints in the landscape. Presented in a clear sanctioned manner, this report on the medical loupes market gives readers an individual understanding of the market.
This study also discusses the underlying trends and impact of the various factors that are driving the medical loupes market, along with their influence on the evolution of the market. It also offers Porter’s five forces Analysis, value chain analysis, regulatory scenario, and a SWOT analysis of the medical loupes market, in order to elaborate the crucial growth tactics and opportunities for market players contributing to the market.
Key Questions Answered in the Medical Loupes Market Report
- How much revenue will the medical loupes market generate by the end of the forecast period?
- What type is likely to have the maximum market share by 2027?
- What regions currently contribute the maximum share to the overall medical loupes market?
- What are the indicators expected to drive the medical loupes market?
- Which region is likely to be a lucrative market during the forecast period?
- What are the essential strategies incorporated by key stakeholders in the medical loupes market to expand their geographical presence?
- What are the major advancements witnessed in the medical loupes market?
This report answers these questions and more about the medical loupes market, aiding major stakeholders and key players in making the right decisions and strategizing for the advancement of their business.
Medical Loupes Market: Research Methodology
This TMR report on the medical loupes market is based on a complete and comprehensive evaluation of the market, backed by secondary and primary sources. The competitive scenario of the medical loupes market is supported by an assessment of the different factors that influence the market on a minute and granular level. By thoroughly analyzing the historical data and current trends, researchers of the medical loupes market arrive at predictions and estimations, and calculate the forecasts for the market. This report uses an analytical triangulation method to estimate the numbers and figures of the medical loupes market, with both, a bottom-up and top-down approach.
This detailed assessment of the medical loupes market, along with an overview of the landscape, is provided based on a careful examination of the avenues related to this industry. Analysts’ conclusions on how the medical loupes market is set to grow are based on carefully-vetted primary and secondary sources.
Medical Loupes Market: Segmentation
This report on the medical loupes market provides information on the basis of type, lens type, application, distribution channel, and region.
Through the Lens (TTL) Loupes
Flip Up Loupes
Through the Lens (TTL) Loupes Galilean Dentistry Online North America
Flip Up Loupes Prismatic Surgical Offline Europe
Middle East & Africa