Medical Loupes Market Value to Reach US$ 475.4 Mn in 2029
Ageing population and increasing number of surgeries act as primary drivers for the global medical loupes market. On top of it, advancement in medical technology such as improved magnification power, better viewing angle etc. sparks demand for medical loupes into dentistry and surgical applications. The global medical loupes market is valuated at US$ 281.2 Mn in the year 2019 and is expected to expand at a CAGR of 5.4% during the forecast period of 2019-2029. This FMI study reveals that the market will grow at a steady pace during 2019 - 2029.
FREQUENTLY ASKED QUESTIONS ABOUT medical loupes market
What is future prospect for the medical loupes market?
The global medical loupes market is expected to grow at a rapid pace in East Asia & South Asia region owing to the increasing number of health conscious consumers, increasing number of hospital and healthcare infrastructure and rising Chinese player’s presence in Asia Pacific countries.
Which region will lead the global sales of medical loupes market?
North America remains the largest shareholder in the global medical loupes market followed by Europe however, East Asia will continue to expand at highest CAGR and expected to hold the highest revenue share by 2029.
Which application segment witnesses most lucrative growth opportunities?
Medical loupes market holds the highest value share in surgical application however, growth opportunity will continue to expand the market in dentistry application as increasing number of practitioners such as dental doctors and growing adoption of medical loupes across the world.
Which sales channel will be the most lucrative in future?
Online platforms will be the most lucrative sales channel during the forecast owing to variety of product availability on online platforms which give users to compare price, product design & features, secured transaction/ payment, and door step delivery. Moreover, return or exchange policy on online platforms attracts the consumers towards more online purchases.
Flip Up Medical Loupes Hold Dominance with 61% Share in 2019
Surgical remains as the key attributor to the global medical loupes market among all applications. Medical loupes have been mostly used into surgical applications where enhanced view and correct postures act as critical factors for success. Flip up medical loupes hold a major share in the global market owing to its multiple features such as customization of angle of declination of flips, flexibility of flips through up & down, lower prices as compared to TTL, and manual adjustment facility of pupillary distance of flips. Moreover, TTL has a serious disadvantage of fixed optical barrier which does not provide flexibility while talking to the patient. These factors act as the major driver for high sales of flip up loupes across the globe.
Technological Advancement of Medical Loupes to Spark Demand among Practitioners
Technology is the key factor which shapes the market. Technologically advanced products are continuously required in medical industry. Safe and high tech equipment can bring down the medical cost for the patients. Medical loupes are now far more advanced in terms of product weight, magnification power, larger viewing angle, high powered optics etc. Schultz Optical (USA), a manufacturer of medical loupes had introduced a dental surgical loupes which provides 25% larger viewing field than others, light weight and up to 5.5x magnification which makes the dental surgery much easy than earlier.
* This data is only a representation. Actual data may vary and will be available in report.
North America to Drive the Growth of Medical Loupes Market
North America is accounted as the leading region in the global medical loupes market in 2019 owing to high health consciousness among consumers, greater product knowledge the increasing number of hospitals in North America. As per The American Hospital Association, in 2018, there was around 12% increase in hospital numbers compared to 2017 and it reached to 6,210 in the same year. Moreover, major presence of top medical loupes players in U.S. also boost the medical loupes market.
Through The Lens (TTL) to showcase noteworthy CAGR
Flip Up Loupe remains top during the forecast
Galilean segment has highest value share as compared to prismatic
Prismatic segment is expected to witness highest CAGR during the forecast
Online sales channel will expand at highest CAGR during the forecast
Offline sales channels are expected to remain highest value share in the global market
How Growth will Unfold
Medical loupes have been recognized as one of the most important tool for practitioner, surgeons. Today, the number of surgeries are increasing at a rapid pace which requires safe & affordable technology and tools to perform. Increase in the number of minimally invasive surgeries is expected to boost the medical loupes market during the forecast period. Rise in body-shaping procedures have been seen as a new trend worldwide. Body shaping which includes non-invasive fat reduction as well as surgeries such as breast augmentations and liposuction. Liposuction surgery had the highest growth (5%) in 2018 as compared to 2017 while breast augmentation had (4%) and nose reshaping had (2%) growth in 2018. In 2017, U.S. had the largest number of plastic surgeons globally with 6,800 surgeons while Brazil had the second largest number of plastic surgeons with 5,500. Growth in surgeries worldwide required practitioners as well as medical equipment such as medical loupes. Moreover, growing usage of medical loupes surgical applications generates demand for less FOV with more magnification lenses which in result, creates demand for Galilean lenses among practitioners. In addition to it, viewing microscopic detail, high magnification level, minimal weight, and short barrel are more correct in Galilean lenses which again accelerates demand for the same lenses.
* This data is only a representation. Actual data may vary and will be available in report.Click Here To Know How The Growth Will Unfold
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Medical Loupes Market: Global Industry Analysis 2014-2018 & Opportunity Assessment 2019-2029
A recent market study published by Future Market Insights on the medical loupes market offers global industry analysis for 2014-2018 & opportunity assessment for 2019-2029. The study offers a comprehensive assessment of medical loupes market dynamics. After conducting a thorough research on the historical, as well as current growth parameters, the growth prospects of the market are obtained with maximum precision.
Medical Loupes Market Taxonomy
The global medical loupes market is segmented in detail to cover every aspect of the market and present complete market intelligence to readers.
- Through The Lens (TTL)
- Flip Up Loupe
- North America
- Latin America
- South Asia
- East Asia
- Middle East & Africa
The executive summary of the medical loupes market includes the market country analysis, opportunity assessment, and recommendations on the global medical loupes market.
Readers can find the detailed segmentation and definition of the medical loupes market in this chapter, which will help them understand basic information about the medical loupes market. This section also highlights the inclusions and exclusions, which help the reader understand the scope of the medical loupes market report. The associated industry assessment of the medical loupes market is carried out in this section. The macroeconomic factors affecting growth of the medical loupes market are provided in this section and the impact of these macroeconomic indicators on the medical loupes market is analyzed. The technological advancements in the medical loupes market is also provided. The drivers and restraints impacting the growth of the medical loupes market are explained in this chapter. Opportunities and ongoing trends in the medical loupes market are also comprehensively discussed.
This chapter includes detailed analysis of the historical medical loupes market (2014-2018), along with an opportunity analysis for the forecast period (2019-2029). This chapter provides details about the medical loupes market on the basis of product type, lens type, application, sales channel and region. This chapter explains how the medical loupes market is anticipated to grow across North America, Latin America, Europe, East Asia, South Asia, Oceania, and the Middle East and Africa.
This chapter includes a detailed analysis of the growth of the medical loupes market in the North America region, along with a country-wise assessment that includes the U.S. and Canada. This chapter provides details about the North America medical loupes market on the basis of product type, lens type, application, sales channel.
This chapter includes a detailed analysis of the growth of the medical loupes market in the Latin America region, along with a country-wise assessment that includes the Brazil, Mexico & Rest of Latin America. This chapter provides details about the Latin America medical loupes market on the basis of product type, lens type, application, sales channel.
Important growth prospects of the medical loupes market based on product type, end use, price and sales channel for all countries such as Germany, U.K., Spain, France, Italy and Rest of Europe are included in this chapter.
This chapter includes a detailed analysis of the growth of the medical loupes market in East Asia region including the important growth prospects of the medical loupes in several countries such as China, Japan, South Kore are included in this chapter.
This chapter includes a detailed analysis of the growth of the medical loupes market in the South Asia region, along with a country-wise assessment that includes, India, Thailand, Indonesia, Malaysia, and rest of South Asia.
This chapter includes a detailed analysis of the growth of the medical loupes market in the Oceania region, along with a country-wise assessment that includes, Australia and New Zealand.
This chapter offers insights into how the medical loupes market is expected to grow in major countries in the MEA region such as GCC Countries, Northern Africa, South Africa, Turkey, and Rest of MEA during the forecast period 2019-2029.
In this chapter, readers can find detailed information about tier analysis and market concentration of the key players in the medical loupes market along with their market presence analysis by region and product portfolio.
In this chapter, readers can find a comprehensive list of leading manufacturers in the medical loupes market, along with detailed information about each company, which includes company overview, revenue shares, strategic overview, and recent company developments. Some of the market players featured in the report are Carl Zeiss Meditec AG, Rose Micro Solutions, L.A. Lens, ErgonoptiX, NORTH-SOUTHERN ELECTRONICS LIMITED, Designs for Vision, Inc., Enova Illumination, SurgiTel, Den-Mat Holdings, LLC, SHEER Vision, R&D Surgical Ltd. (Xenosys) and others.
This chapter includes a list of acronyms and assumptions that provide a base to the information and statistics included in the medical loupes report. This chapter helps readers understand the research methodology followed to obtain various conclusions, as well as important qualitative and quantitative information, on the medical loupes market.
How the research was conducted?
- C - Level Executives
- Marketing Directors
- Sales Heads
- Production Managers
- Distributors Heads
- Sales Executives
- Product Manufacturers
- Industry Experts
- End Users
- Current Market Dynamics and Challenges
- Market Characteristics
- Market Performance and Growth Quadrants
- Competition Structure and Market Structure
- Strategic Growth Initiatives
- Near-term and Long-term Market Growth Prospects
- Market Segment Splits and Authenticity
- Opinions on Market Projections and Validity Of Assumptions
- Industry Publications
- Industrial Week
- Industrial Product Review
- Industrial Magazine
- Industry Associations
- American Hospital Association
- Managed Health Care Associates Inc.
- American Medical Association
- Company Press Releases
- Annual Reports and Investor Presentations
- Research Papers
- Government Websites and Publications
- Trade Websites
Primary Interview Splits