07-Jun-2021 | Facts and Factors
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.
Medical loupes are primarily used in surgical procedures and offer a magnified version of the component through a series of monocular and binocular lenses. The use of medical loupes can offer improved vision and edge-to-edge interpretation than regular human vision. The major driving forces behind the steady growth of the medical loupes market include the surgical precision and integration of augmented reality. A trend of rising growth in the number of surgeries related will further propel the growth of medical loupes in the forecast period.
A rising number of surgeries in the sector of infections, obstructed labor, malignancy, and cardiovascular diseases coupled with a rise of surgeries of ears-nose-throat and ophthalmic surgeries will further propel the growth of the global medical loupes market. Additional factors that will balloon the market are technological improvements and a wider range of products coupled with a rise of minimally invasive surgeries.
Top Market Players
The key participants in the medical loupes devices 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.
Market Dynamics
The key participants in the medical loupes market often come up with innovative and cost-effective products that can keep them at a higher retention rate in a rather competitive and fragmented market. Enova Illumination recently launched their latest line of medical loupes that feature colored ocular that are available in blue, green, silver, pink, and black. Additionally, Enova Loupe recently introduced the Oakley Frame that incorporated a range of interchangeable temple arms coupled with a change of color lens. Orascoptic recently developed a proprietary technology - TruColor™, which aims to achieve a higher resolution of color rendering index (CRI) illumination.
The global medical loupes market can be fragmented into surgical loupes, surgical headlights, and surgical cameras on the basis of products. The surgical loupes can be further integrated into Galilean loupes and prismatic loupes. The Galilean loupes will account for the largest market share during the forecast accounting for easy usability and better field-of-view and line-of-sight features over its counterpart.
The global medical loupes market can be divided into through-the-lens (TTL) loupes and flip-up loupes on the basis of types. The flip-up loupes will account for the largest market share during the forecast owing to factors such as ease of functionality and a lower cost implementation in terms of functionality and purchase.
North America Is Expected To Hold Highest Market Share During The Forecast Period
North America is expected to recoup the largest market share during the forecast timeframe. The region is expected to gather around 40% of the global revenue with the region of Europe and Asia-Pacific following at a closer pace. Asia-Pacific is expected to project a strong market share during the forecast in terms of volume due to innovative products and improvements in technology from emerging economies from the likes of Japan and China.
Report Scope
Report Attribute |
Details |
Market Size in 2019 |
USD 405 Million |
Projected Market Size in 2026 |
USD 645 Million |
Growth Rate |
CAGR 7% |
Base Year |
2019 |
Forecast Years |
2020–2026 |
Key Market Players |
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, Orascoptic and Others |
Key Segment |
By Product, By Type, By Sales Channel, By End-Users and By Region |
Major Regions Covered |
North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa |
Purchase Options |
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Browse the full report “Medical Loupes Market By Product (Surgical Loupes, Surgical Headlights, & Surgical Cameras), By Type (Through the Lens (TTL) Loupes & Flip-up Loupes), By Sales Channel (Offline & Online), By End-User (Dentistry, Surgical, and Others), And By Regions - Global & Regional Industry Perspective, Comprehensive Analysis, and Forecasts, 2021 – 2026” report at https://www.fnfresearch.com/medical-loupes-market.
The global medical loupes market can be segmented on the basis of:
Global Medical Loupes Market: By Product Segment Analysis
- Surgical Loupes
- Galilean Loupes
- Through the lens (TTL) Loupes
- Flip-up Loupes
- Prismatic Loupes
- Through the lens (TTL) Loupes
- Flip-up Loupes
- Surgical Headlights
- Surgical Cameras
Global Medical Loupes Market: By Type Segment Analysis
- Through the Lens (TTL) Loupes
- Flip-up Loupes
Global Medical Loupes Market: By Sales Channel Segment Analysis
- Offline Channel
- Online Channel
Global Medical Loupes Market: By End-Users Segment Analysis
- Dentistry
- Surgical
- Others
Global Medical Loupes Market: By Regional Segment Analysis
- UK
- France
- Germany
- Italy
- Spain
- Rest of Europe
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Brazil
- Mexico
- Rest of Latin America
- GCC Countries
- South Africa
- Rest of MEA
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