Yahoo Finance With 7% CAGR, Medical Loupes Market Size Worth $645 Million by 2026 - Comprehensive Research Report by Facts & Factors
The size of the Global Medical Loupes Market was worth around USD 405 million in 2020 and is predicted to grow to around USD 645 million by 2026 with a compound annual growth rate (CAGR) of roughly 7% between 2021 and 2026. The key participants in the medical loupes 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, Orascoptic, and others.
NEW YORK, US, Sept. 28, 2022 (GLOBE NEWSWIRE) -- Facts and Factors has published a new research report titled “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 Forecast 2021 – 2026” in its research database.
“According to the latest research study, the demand of global Medical Loupes Market size & share was valued at approximately USD 405 million in 2020. The market is expected to grow above a CAGR of 7% and is anticipated to reach over USD 645 million by 2026.”
The report analyses the market’s drivers and restraints, as well as the impact they have on-demand throughout the projection period. In addition, the report examines global opportunities in the global Medical Loupes market.
Medical Loupes Market Overview:
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.
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Key Insights from Primary Research
As per the analysis, the Medical Loupes market is likely to grow above a CAGR of around 7% between 2022 and 2028.
The Medical Loupes market size was worth around US$ 405 Million in 2020 and is estimated to hit approximately US$ 645 Million by 2026. Due to a variety of driving factors, the market is predicted to rise at a significant rate.
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.
On the basis of types, the flip-up loupes will account for the largest market share during the forecast.
On the basis of region, North America is expected to recoup the largest market share during the forecast timeframe.
Market Growth Factors
The surgical precision provided by medical loupes as well as the ability to record and store video footage of medical procedures for later will provide a strong boost to the growth of medical loupes during the forecast period. A significant growth in surgeries accounting toward customized dental surgeries will further propel the growth of the market. Increased demand for lightweight dental loupes will open new opportunities for the growth of the medical loupes market to establish revenue in a previously untapped market.
Improvement in cutting-edge technology such as augmented reality will further provide favorable medical outcomes during medical procedures. An increase of surgeries at the time of infections, obstructed labor, malignancy, and cardiovascular diseases will further push the sales of medical loupes to a higher volume. Additionally, ears-nose-throat (ENT) and ophthalmic surgeries will push the growth of the market during the forecast. Additional factors include technological improvements in the product line and improved research and developmental conditions coupled with a rise in the trend of minimally invasive surgeries.
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Competitive Players
The report contains qualitative and quantitative research on the global Medical Loupes Market, as well as detailed insights and development strategies employed by the leading competitors. The report also provides an in-depth analysis of the market's main competitors, as well as information on their competitiveness. The research also identifies and analyses important business strategies used by these main market players, such as mergers and acquisitions (M&A), affiliations, collaborations, and contracts. The study examines, among other things, each company's global presence, competitors, service offers, and standards.
Some of the main players in the global Medical Loupes market include:
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
Medical Loupes Market: Segmentation Analysis
The global medical loupes market can be segmented on the basis of product, type, sales channel, end-user, and regions.
The global medical loupes market can be divided into surgical loupes, surgical headlights, and surgical cameras on the basis of product. The surgical loupes segment can be further broken down into Galilean loupes and prismatic loupes. The Galilean loupes will account for the largest market share during the forecast owing to various compatibility issues and magnification solutions. Usually, Galilean loupes offer a lower resolution of magnification when compared to their counterpart. Additionally, these lenses offer a better field-of-view and line of sight (LOS).
The global medical loupes market can be segmented into through the lens (TTL) loupes and flip up loupes on the basis of type. Flip up medical loupes will account for the largest market share during the forecast owing to increased flexibility, widened customizable options, and relatively low cost when compared to through the lens (TTL). The global medical loupes market can be broken down into offline and online channels on the basis of the sales channels. The offline channel segment will account for the largest market share during the forecast owing to ease of availability of purchase and the varied range of products available on sale. However, with the advent of e-commerce, the online channel is expected to grow at a significant pace. The global medical loupes market can be bifurcated into dentistry, surgical, and others on the basis of applications. The surgical segment will account for the largest market share during the forecast owing to an enhanced view it provides and an increase in the number of surgeries over the past few years.
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
Regional Analysis:
North America is expected to witness the largest market share during the forecast period in terms of global revenue share as the region is projected to achieve around 40% of the latter. The region of Europe will follow at a similar pace in terms of market share owing to various contributing factors such as advancements in the medical sector, improving health infrastructure, and a strong medical e-tourism industry in the region.
The region of Asia-Pacific will witness strong growth of the medical loupes due to emerging and innovative economies such as Japan and China integrating medical loupes with other advanced forms of technology.
Report Scope:
Report Attribute | Details |
Market Size in 2020 | USD 405 Million |
Projected Market Size in 2026 | USD 645 Million |
CAGR Growth Rate | 7% CAGR |
Base Year | 2020 |
Forecast Years | 2021-2026 |
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, and Orascoptic |
Key Segment | By Product, Type, Sales Channel, End-User, and Region |
Major Regions Covered | North America, Europe, Asia Pacific, Latin America, and the Middle East &, Africa |
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The global Medical Loupes market is segmented as follows:
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
By Type Segment Analysis
Through the Lens (TTL) Loupes
Flip-up Loupes
By Sales Channel Segment Analysis
Offline Channel
Online Channel
By End-Users Segment Analysis
Dentistry
Surgical
Others
By Regional Segment Analysis
North America
Europe
Asia Pacific
The Middle East & Africa
Latin America
Key Offerings:
Market Size, Trends, & Forecast by Revenue | 2021−2026
Market Dynamics – Leading Trends, Growth Drivers, Restraints, and Investment Opportunities
Market Segmentation – A detailed analysis by Product, Type, Sales Channel, End-User, and Region
Competitive Landscape – Top Key Vendors and Other Prominent Vendors
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