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Medical Loupes Market (Lens Type - Galilean, and Prismatic; Application - Surgical Application, Dental Applications, and Other Applications; End User - Hospitals, Clinics, Ambulatory Surgery Center, and End Users): Global Industry Analysis, Trends, Size, Share and Forecasts to 2027

  • Published : September, 2021

  • Rep Id : HC08714

  • Category : Healthcare & Medical Devices

  • Status : Published

A recent report published by Infinium Global Research on the medical loupes market provides in-depth analysis of segments and sub-segments in the global as well as regional medical loupes market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional medical loupes market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of the global medical loupes market. According to the report, the global medical loupes market is projected to grow at a CAGR of 6.90% over the forecast period of 2021-2027.

 

Market Insight

Medical loupes market was valued at USD 395.67 million in 2020 and is expected to reach USD 621 million in 2027, with a CAGR of 6.90% during the forecast period. Nowadays, medicine requires meticulous attention to detail and seeing tiny anatomical structures is trouble-free with accurate magnification and high-quality optics. Clarity and precision with the help of medical loupes enable successful treatments and optimal quality care. The use of medical loupes has the potential to increase the operator’s visual acuity, enabling enhanced diagnosis and treatment.

 

The rise in the number of minimally invasive surgeries around the world is the major factor that is expected to boost the growth of the medical loupes market. The use of equipments such as operating microscopes, surgical telescopes, and microsurgical instruments has increased the surgical treatments. These instruments provided magnification and optimal illumination of the surgical field thereby improving the visual acuity. The rising number of surgeries all across the world is a leading reason which is attributing to the revenue growth of the medical loupes market. The incessant rise in the geriatric population all over the world is leading to rising in the number of surgeries. This is not only limited to the developed regions such as North America and Europe, but also to developing regions like the Middle East and Africa, and the Asia Pacific, due to the increase in per capita income. However, the application of medical loupes technology is still not widespread or accepted as a standard of care. More efforts are essential to endorse the adoption of magnification loupes. The COVID-19 pandemic has caused serious disruptions to the healthcare system and has revealed substantial healthcare disparities. Moreover, the hospitals gave preference to COVID-19 cases over patients with other less severe health conditions. Thus, the number of procedures performed on health conditions other than COVID-19 fell rapidly during the pandemic. This decreased the demand for medical supplies such as medication and devices required for such procedures.

 

Geographically, the North American region dominated the global medical loupes market accounting for the highest market share. The large share of the North American region attributes to the increase in the geriatric population, availability of better healthcare infrastructure, and the presence of key players in the market. However, the market in the Asia Pacific region registered the fastest growth rate owing to the growing demand for minimally invasive surgeries and a rise in government expenditure on healthcare.

 

Segment Covered

The report on the global medical loupes market covers segments such as lens type, application, and end user. On the basis of lens type, the sub-markets include galilean, and prismatic. On the basis of application, the sub-markets include surgical application, dental applications, and other applications. On the basis of end user, the sub-markets include hospitals, clinics, ambulatory surgery center, and end users.

 

Companies Profiled:

The report provides profiles of the companies in the market such as GF Health Products, Inc., MedLite Ltd, LW Scientific, Keeler Ophthalmic Instruments, Thermo Fisher Scientific, Integra LifeSciences Corporation, Rose Micro Solutions LLC, Orascoptic, NEITZ INSTRUMENTS CO., LTD, and Carl Zeiss AG.

 

Report Highlights:

The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of medical loupes market. Moreover, the study highlights current market trends and provides forecast from 2021-2027. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.


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