Report : Medical Loupes Market Forecast to 2027 - COVID-19 Impact and Global Analysis By Type (Through The Lens [TTL] Loupes, and Flip Up Loupes); Lens Type (Galilean, and Prismatic); Application (Dentistry, Surgical, and Others); Distribution Channel (Online, and Offline), and Geography
Increasing Product Launches Expected to Drive Medical Loupes Market during 2020–2027
According to The Insight Partners market research study titled “Medical Loupes Market Forecast to 2027 – COVID-19 Impact and Global Analysis – by Type, Lens Type, Application, and Distribution Channel,” the market is expected to reach US$ 658.49 million by 2027 from US$ 393.64 million in 2019. The market is estimated to grow at a CAGR of 6.8% from 2020 to 2027. The report highlights the trends prevailing in the global medical loupes market and the factors driving the market along with those that act as deterrents to its growth.
Based on type, the global medical loupes market is segmented into through the lens [TTL] Loupes and flip up loupes. In 2019, the through the lens [TTL] Loupes segment held the largest share in the market. The same segment is also expected to dominate the market by 2027 as TTL loupes is the closer positioning of the inner loupe barrel to the eye, which gives a larger field of view. Moreover, The TTL loupes are fixed at the steepest angle of declination possible to enable the user to achieve the most ergonomic position possible.
Increasing product launches and rising need of medical loupes during surgical procedures are anticipated to drive the growth of the global medical loupes market during the forecast period. However, adoption of surgical microscopes are hindering the market growth.
The COVID-19 pandemic is estimated to have a significant positive impact on the medical loupes market. Majority of the pharmaceutical companies across the world are engaged in the development of vaccines for COVID-19. Moreover, most dental and surgical practices closed except in emergencies which is anticipated to have a negative impact on the other segments of the market in the coming months. However, disruptions in the supply chain caused due to the halt in global operations are hindering the market growth.
A few prominent players operating in the medical loupes market are Carl Zeiss Meditec AG, SurgiTel, Sheervision Loupes & Headlights, Keeler Ltd (Halma plc), Neitz Instruments Co.,Ltd, Orascoptic, Univet S.r.l., Designs for Vision, Inc., Den-Mat Holdings, LLC, and Enova Illumination.
Market players are bringing new and innovative products and services to sustain their position in the medical loupes market. For instance, in Feb. 2019, Enova Illumination announced that its new line of masterfully crafted loupes was released to the public last week and are now available for order. The loupes, made in the United States, are the first on the market to feature colored oculars and are available in green, blue, pink, silver, and black. Such developments are expected to bolster the market growth during the forecast period.
Medical Loupes Market, by Region, 2019 (%)
The report segments the global medical loupes market as follows:
Medical Loupes Market – by Type
Medical Loupes Market – by Geography